A.M. Edition for April 24. Moscow has renewed its attacks on Ukraine, after U.S.-mediated peace talks fizzled out. Ukrainian energy minister German Galushchenko describes how Russian strikes have impacted the country’s energy supply and how Ukrainian minerals could play a part in securing future peace. Plus, President Trump takes aim at universities, targeting their funding and accreditation. And new data reveals the richest Americans are wealthier than ever before. Kate Bullivant hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
What recent events have escalated the conflict in Ukraine?
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Tesla's sales in the European Union plunged for a third consecutive month in March, slumping 36%. The drop follows a halving of sales in January and February. Tesla's latest decline stands in contrast with growing demand for electric vehicles across the EU in March and comes amid fierce competition from Chinese EV makers.
The picture is also gloomy for tech companies STMicro and Nokia, who both flagged a tariff hit to earnings this morning, forecasting lower than expected sales in the coming quarter. That said, consumer giants Nestle and Unilever reported stronger than expected sales.
We'll get more clues on just how Trump's economic policies are affecting different sectors with a further raft of earnings due out later. The likes of Alphabet, Procter & Gamble and Southwest Airlines are among the companies reporting. Check out WSJ.com for more coverage throughout the day.
President Trump is continuing his efforts to remake higher education by signing two executive orders related to foreign funding and the college accreditation system. College accreditation sets standards that must be met by universities and colleges to access federal financial aid.
And as higher education reporter Sarah Randazzo explains, that covers everything from their mission and admissions policies to the quality of their faculty and programming.
He's trying to get rid of what he calls discriminatory practices and ideological overreach on college campuses. And he's doing that by directing accreditors to get rid of some DEI-related requirements that he perceived that they had and to focus more on student outcomes and kind of tangible aspects of what makes a degree useful in Trump's eyes.
And he's also said he's going to make it easier for more accreditors to enter the playing field and for universities to switch accreditors. if they're unhappy with the one they have.
The other executive order is cracking down on foreign funding at universities, a key point of contention with Harvard. The US government can revoke federal funding from universities that fail to meet transparency requirements around money coming from outside the country.
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