Europe Set To Launch Anti-Subsidy Probe Into Chinese EVs, American Airlines and Spirit Lower Profit Outlook, Manchester United’s New Shirt Sponsor: Today’s Top Stories

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Benzinga

Financial Times Europe Set To Launch Anti-Subsidy Probe Into Chinese Electric Vehicles Chinese electric vehicle company stocks, including XPeng Inc (NYSE: XPEV), NIO Inc (NYSE: NIO), and Li Auto Inc (NASDAQ: LI), are trading lower Wednesday after Brussels shared plans to launch an anti-subsidy investigation into Chinese EVs that are “distorting” the EU market.European Commission President Ursula von der Leyen announced during her annual address to EU lawmakers, expressing concern over the influx of cheaper Chinese EVs into global markets.Benzinga Oil Giant BP’s CEO Resigns Amid Investigation O…

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