Wall Street Breakfast CATL soars in Hong Kong debut
10 snips
May 20, 2025 The podcast covers the impressive debut of battery supplier CATL in Hong Kong, showcasing a record IPO that boosts its stock. Taiwan's President casually addresses complexities in U.S. trade relations. Meanwhile, Delta Air Lines gains the upper hand in a lawsuit against CrowdStrike concerning a past outage. Listeners also learn about current market trends, with major indices experiencing dips and highlighting important shifts in the world economy.
AI Snips
Chapters
Transcript
Episode notes
CATL's Market Debut Soars
- CATL's shares surged about 13% in Hong Kong after a record $4.6 billion IPO.
- The company operates 13 battery factories worldwide and partners with major global automakers.
Taiwan on US Trade Frictions
- Taiwan's president sees US-Taiwan trade tensions as friendly frictions destined to be reconciled.
- Mutual trust and dialogue underpin their strong cooperative relationship despite disagreements.
Delta Allowed to Sue CrowdStrike
- Georgia court allows Delta Airlines to sue CrowdStrike over outages causing thousands of cancellations.
- Delta claims massive $500 million losses while CrowdStrike denies responsibility.