The US division of TikTok, owned by Chinese tech giant ByteDance, finds itself back in the public and regulatory spotlight. Michael Beckerman, who led TikTok's government relations and communication efforts in the United States, and played a central role in the company's defense against a potential US ban, has announced he will step down from his position in Washington. According to reports by The Information, Beckerman is set to assume a new role as a global advisor, signaling a shift in TikTok's internal strategy and focus.
Volkswagen AG, one of the largest automakers in Europe, has announced the implementation of additional import tariffs on its vehicles supplied to the United States. This move indicates that the 25-percent automotive tariffs imposed during Donald Trump's administration are beginning to have a significant impact on the company. The situation warrants careful analysis, as it could seriously affect Volkswagen's market position and stock value.
Shares in the German sportswear manufacturer Puma SE faced pressure on the premarket Wednesday, dropping by 8% following the release of a disappointing sales forecast. The company encountered slow demand in key markets such as the U.S. and China, heightening concerns about its near-future prospects.