- In today’s CEO Daily: Diane Brady talks to Panasonic North America CEO Megan Myungwon Lee.
- The big story: New tariffs on the EU and Mexico.
- The markets: Cooling off from all-time highs.
- Analyst notes from Wedbush on AI usage and equities, and Goldman Sachs on home price appreciation.
- Plus: All the news and watercooler chat from Fortune.
Good Morning. Panasonic will open its $4 billion EV battery plant in De Soto, Kansas, today. It’s a green shoot of optimism in a market that’s otherwise cooled amid tariffs and major policy shifts—the most recent of which is the end of a $7,500 EV tax credit, thanks to the “big, beautiful bill” now signed into law. (Ford was able to retain its federal tax credits at the last minute. Meanwhile, Honda recently postponed its EV investment in Canada, and demand at Tesla’s largest EV plant is down.)
