Tesla's Budget Car Boost, Senate Passes Ukraine Aid & Fed Hawks

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Tesla is accelerating the launch of less-expensive cars in a bid to revive sagging demand following another disappointing quarter. (2) The Senate passed a long-delayed $95 billion emergency aid package for Ukraine and other besieged US allies, clearing the way for resumed arms shipments to Kyiv within days. (3) Rishi Sunak pledged to increase defense spending to 2.5% of GDP by end of the decade, as the prime minister seeks to ease concerns at home and abroad about the level of investment in the British armed forces. (4) Kering warned that profit will plunge in the first half of the year as the crisis at Gucci, its biggest brand, deepens. (5) Traders in the US interest-rates market have started to put on wagers that the Federal Reserve will refrain from cutting borrowing costs this year. See omnystudio.com/listener for privacy information.