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Apple removes two podcast apps from app store at China’s request

Bloomberg Apple Inc. removed podcast apps Pocket Casts and Castro from its App Store in China at the request of the Cyberspace Administration of China, the apps’ developers said this week. “We believe podcasting is and should remain an open medium, free of government censorship,” Pocket Casts wrote on Twitter. “As such we won’t be censoring podcast content at their ...

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Morgan Stanley cuts Tesla to underweight

Bloomberg Morgan Stanley cut Tesla Inc. to underweight from equal-weight, saying the rally that saw the stock break above $1,000 this week doesn’t properly reflect emerging risks. Analyst Adam Jonas cited price cuts across Tesla’s model range in China and the US that suggest auto demand coming out of the coronavirus pandemic isn’t as strong as before. An even greater ...

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Nikola founder has $7.4bn fortune on free truck orders

Bloomberg His company has sent his net worth soaring to $7.4 billion, but Trevor Milton is frustrated. The executive chairman of Nikola Corp. is under siege from skeptics of the company he started in 2014 with the goal of revolutionising the trucking industry. The doubters who have him particularly down are criticising him for taking orders for hydrogen fuel cell-powered ...

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