President Donald Trump recently took to Truth Social to criticize Elon Musk, suggesting that the Department of Government Efficiency (DOGE) should review the subsidies given to Musk's companies. Trump claimed that Musk receives more subsidies than anyone in history and that without them, Musk's businesses might struggle. He even hinted that DOGE might need to "go bac...
In China, electric vehicles (EVs) are not just a trendy choice but a practical one. Drivers like Lu Yunfeng and Sun Jingguo prefer EVs because they are cost-effective and eco-friendly. This shift is not just about individual choices but about a national strategy. China, once known for its bicycles, is now leading the global EV market. Guangzhou, a city of over 18 mil...
In today's fast-paced world, every country is racing to lead in science and technology. This push for innovation is crucial for growth. Governments play a big role in this by supporting different types of innovation platforms. These platforms can be public, social, or commercial, each with its own goals. Governments often give subsidies to speed up innovation. They ...
Imagine a world where government subsidies significantly impact the decisions of pharmaceutical companies. This isn't just a hypothetical scenario; it's a reality shaped by the strategic interplay between public investment and corporate innovation. Let's dive into the complexities of this dynamic. Pharmaceutical firms are constantly making big choices about ...
Have you heard about the boom in China's electric vehicle (EV) market? Analysts are buzzing about its growth and potential. Vincent Sun, an expert from Morningstar, said that China is leading the world in EV sales, with a huge jump to 8 million units sold by the end of September. That's almost half of all cars sold in China! Sun thinks this growth will keep going, wi...
In a surprising turn of events, Chinese electric vehicle (EV) giant BYD has outshone Tesla in quarterly revenue for the first time. BYD's net profit soared by 11. 5% to $1. 63 billion in the third quarter, with total revenue hitting $28. 24 billion, a 24% jump from the same period last year. This impressive growth was fueled by government incentives that encouraged t...
Kamala Harris recently unveiled her housing plan, which proposes to build 3 million new units and provide $100 billion in down payment assistance. Sounds good on paper, but history shows us this approach has consistently failed for decades. The subsidies will likely raise prices, as many first-time buyers would have bought anyway. And the construction incentives fac...