The UAW seems to have forgotten that it played a major role in almost destroying the American auto industry in the 1960s and ‘70s. The Wall Street Journal produced the must-read story of the weekend, with the headline: “Whatever the UAW Strike Outcome, Elon Musk Has Already Won.” It shows how UAW demands would give Musk a massive cost advantage. Which of course puts Musk right where he always wants to be—at the center of attention. More on the Musk book here. FortuneNew sanctions from ChinaBeijing slapped sanctions on U.S. defense firms Northrop Grumman and Lockheed Martin due to their arms sales to Taiwan.

Source: Forbes September 18, 2023 21:16 UTC