NYC Comptroller Pushes for Tesla Suit as Stock Hits Pensions

Source: Bloomberg, 6:50

Hi, it’s Layan Odeh and Paula Sambo in Toronto, looking at one of the ways that private equity firms are handling a tricky market for selling assets. Also today, there are lots of potential deals to catch up on in the semiconductor sector.

New York City Comptroller Brad Lander, the investment adviser to the city’s five pension funds, accused Tesla Inc. of misrepresenting chief executive officer Elon Musk’s involvement in the company.

Mercedes-Benz is considering withdrawing its least expensive cars from the US because President Donald Trump’s auto tariffs would likely make their sales economically unfeasible, according to people familiar with the matter. Kailey Leinz reports.