tesla has reported its lowest profit margin in more than five years. price cuts aimed at reviving demand for its electric vehicles, and increased spending on al projects weighed on earnings in the march tojune quarter, as erin delmore explains. the shares spent most of the year sliding — between lagging sales, production snarls, shipping delays and increased competition from overseas ev makers. then shares started gaining. they were up 40% since the end of may. see, investors started focusing less on tesla's slumping ev sales and more on chief executive elon musk�*s plans to make tesla into an artificial intelligence powerhouse with al powered robo taxis and humanoid robots. alluring? yes. profitable? no. or at least, not yet. tesla unveiled its second quarter earnings tuesday after wall street's closing bell, and reported a 45% drop in profit between april and june. that came in lower than analysts had estimated.

sales fell nearly 5% in the second quarter and production fell as well. now, investors are left to see whether tesla can successfully rev up its lagging car sales or begin monetising its ai offerings fast enough to make up for it. but demand for combustible engines seems to be strong — with general motors reporting better than expected profit and revenue in the second quarter. the auto—maker is leaning heavily on its petrol engine offerings to fuel its profits because of a slower—than—anticipated transition to electric vehicles. also reporting and beating expectations overnight — alphabet. google�*s parent company put it down to a rise in digital advertising sales and healthy demand for its cloud computing services. i've been speaking to dan ives from wedbush securities about all the big tech earnings

and started by asking him about tesla's self driving technology. i think into next year, it is realistic, look, you spoke about it, this is an aa robotics company, and that is probably the most important thing from the conference call. that is the next focus for tesla, and i think the autonomous vision is worth a trillion dollars from the consumer perspective. in trillion dollars from the consumer perspective. in terms of everything — consumer perspective. in terms of everything that _ consumer perspective. in terms of everything that is _ consumer perspective. in terms of everything that is happened l of everything that is happened on the political front in the us that has dominated headlines, lots of talk about tariffs, how is the electric vehicle industry looking at the prospect of a trump presidency? i think trump is viewed as negative for ev in terms of emissions, but clearly could be a positive for tesla and elon musk. a, ., ., , musk. moving on to google, is all that spending _ musk. moving on to google, is all that spending on _ musk. moving on to google, is all that spending on a - musk. moving on to google, is all that spending on a i really l all that spending on a i really paying off?—

paying off? this is a cloud arms race _ paying off? this is a cloud arms race going _ paying off? this is a cloud arms race going on - paying off? this is a cloud l arms race going on between microsoft google and amazon, and for google, they are narrowing the gap. this was a big goldilocks quarter for them, and this is important because i think that is worth 30- $40 because i think that is worth 30— $40 per share to the google story and in my opinion, this is a major step in the right direction from what we saw in the quarter. in direction from what we saw in the quarter-— the quarter. in the last 24 hours, the quarter. in the last 24 hours. the _ the quarter. in the last 24 hours, the dividends - the quarter. in the last 24 hours, the dividends we i the quarter. in the last 24 i hours, the dividends we see, the quarter. in the last 24 - hours, the dividends we see, we saw a big rejection from israeli cybersecurity rejecting a $23 billion security takeover from alphabet, what do you make of it? 23 from alphabet, what do you make of it? i: , a, from alphabet, what do you make of it? 23 billion will double the last values _ of it? 23 billion will double the last values they - of it? 23 billion will double the last values they had, l of it? 23 billion will double i the last values they had, and of it? 23 billion will double - the last values they had, and i think this shows it will be game of thrones happening in cybersecurity, $i game of thrones happening in cybersecurity, $1 trillion market they are going after, or google, they wanted this, so now microsoft will go aggressive. you nook —— look at names that could benefit,

black—eyed, powerboat, checkpoints and others, i think this continues to be a pound on the table sector in terms of cybersecurity. india's government has assigned billions of dollars forjob creation and the development of regions run by key coalition partners. the first budget since prime minister narendra modi's election setback is being seen as an effort to cement the coalition and win back voters — as archana shukla explains. job creation, rural distress and appeasing political allies crucial to keep the modi government in power appear to be the three key focus areas this budget. it seems the government has finally accepted that despite the shiny gdp growth, joblessness remains the biggest challenge for the economy, and hence the higher spending on creating morejobs in the formal sector. there are cash transfer schemes for newjoinees support for new joinees, support for small and medium enterprises, and manufacturing units that create these jobs. spending on infrastructure remains the biggest allocation in this budget.

$134 billion that was allocated in the interim budget remains unchanged. with infrastructure spending, there is definitely a tilt on welfare spending. the government does have the money to spend on welfare schemes while also keeping its fiscal deficit target that they have listed at 4.9% in place. so we saw a slew of infrastructure projects like roads, airports, industrial corridors being announced for the state of bihar and a financial assistance package for the state of andhra pradesh was announced. both of these are biggest political allies for the modi government right now. free ration scheme was extended, free electricity programmes announced, and tax breaks for salaried class will bring in benefits for the poor and middle class section that has so far not benefited from the fast paced economic growth the country has seen. the finance minister, however, chose to increase taxes for investors. profits booked on investments both in the short and the long term will be taxed at a higher rate, and that spooked the market

that ended in red. now to japan, which has been rocked by a health scandal. the chairman and president at kobayashi pharmacy have resigned after a major recall of its health supplements. 80 deaths have been linked to pills which contain contain red yeast rice or beni koji, as it's known injapanese. commentator seijiro takeshita told me what went wrong at the company. they should've opened their closed—door policy which is absurd and reported they resigned but they really haven't. the chairman has become the advisor, and the president, although he has resigned from the presidency, he was still remain the core and he is a i3% shareholder, it still prolongs with or hundred and 40 years of their family run business. in my opinion, from a governance perspective, nothing has changed, they learned nothing from the 76

deaths reported, and they're basically still trying to hide and buy a time, hoping that silence will be gold, which i think is totally wrong and socially unacceptable, particularly with the number of death that has been caused. hagar death that has been caused. how much damage — death that has been caused. how much damage that's _ death that has been caused. how much damage that's this has is because of the companies reputation and hope has defined been responding? it reputation and hope has defined been responding?— been responding? it doesn't really hurt _ been responding? it doesn't really hurt that _ been responding? it doesn't really hurt that japanese - really hurt that japanese pharmaceutical industry, but for this company, their reputation is tarnished, especially in my opinion, the change nothing even after this incident has been revealed to stop. to the farnborough airshow now, where the players in the global aerospace industry are gathering this week. airbus is struggling to cope with extra demand created by boeing's safety scandal. so could there be room for another player to enter the market for big jets? theo leggett put that question to embraer�*s head of commercial aviation. technology—wise, we could do it. we have a kc—390 that has the size of a narrow body

and the width of a wide body. so we're capable of a lot. but we're currently very focussed on our existing products, the e2, the kc—390, and our executive products with the phenoms and the predators. uh, and we have a big team looking at future opportunities. and this is definitely one of them. looking to the future, people are talking about hydrogen power electrification. now that's a technological challenge, and it's likely to start at least with smaller aircraft. does that provide an opportunity for you? absolutely. i think we are... we pride ourselves for being the manufacturer in the up to iso—seat space. that's one of the reasons why we launched energia. we believe that new technology will find its way to the market soon at the lower end. electric, really small, hybrid a little bit bigger, hydrogen, whether with fuel cell or whether with combustion, maybe even a little bit more bigger than that, but we believe it's up to the 100—seat segment in the next 15 to 20 years. and we're talking to customers and suppliers to see what's possible. and we believe that's an area where we're good at,

and that's why we're focussed on it. of course, there is another player making waves in the market that's still small but could grow, and that's comac of china. how much of a threat would they be to your current position? well, first of all, i think it's amazing what they're doing. and the 919 is the first big narrowbody that's coming out of china. and we expect it will take some time to certify that aircraft out of china. um, but i think in the long run, if we're seeing what we've done, for example, on the car manufacturing side, um, they've grown really big. they're building great products. so we're definitely keep an eye on what china, uh, companies are bringing to the market in the years ahead. so that is a potential threat, then? i think the market is big enough for multiple players, especially in the narrowbody sectors. and finally, um, in terms of environmental performance, the aviation industry is trying to go net—zero by 2050. do you think that's a manageable target? um, i think it is. uh, if we allow all the different, uh, um, solutions to come together. so i think what we're talking

about is doing truly green concept on the lower end. they will contribute, but we'll only partly, we believe hydrogen could be a solution longer term. we believe sustainable aviation fuel is also a very natural pathway. that's basically the lowest hanging apple that we should go after. more news from the airshow later this week,. and that's it for this edition of business today. thanks for watching.

hey, i'm lola with the catchup. first, violence against women and girls is a national emergency — that's according to a police report, which also says influencers like andrew tate are radicalising boys into extreme misogyny in a way they call quite terrifying. the national police chiefs' council estimates about two million women in england and wales are victims of violence every year. nobody in industry and in other sectors, and across the public, understand just the scale and impact of these crimes. we're really pleased that women and girls are coming forward to report. but at the same time, we just need to set out from our policing judgment, just the scale of this epidemic. officers who focus on the issue

are now working with counter—terrorism teams to look at the risk of young men being radicalised and try to stop the problem getting worse. elsewhere, the head of the us secret service, kim cheatle, has resigned from the job. it's after security failures around the assassination attempt on former president donald trump, which are now being investigated. miss cheatle says she made the decision with a heavy heart. and sharks off the coast of brazil have tested positive for cocaine. marine biologists tested 13 brazilian sharpnose sharks near rio dejaneiro and found high levels of the drug in their muscles and livers. experts think the cocaine is getting into the water from illegal labs orfrom drug users' sewage. time now for ten seconds of deadpool cake. walsall baker lara mason took more than 120 hours to create the life—sized cake of heroes deadpool and wolverine to promote the new film. ryan reynolds even reposted the cake to his insta stories. you're all caught up now. have a great night!

hello and welcome to sportsday — i'm gavin ramjaun. dujardin's 0lympic dream shattered... britain's joint most successful woman is suspended from competition... we'll tell you more. andy murray will compete in paris, but confirms the olympics will be his last tournament as he says goodbye to tennis. and fifa in the spotlight — as legal action is launched by top european leagues over their plans to expand the season.

hello and welcome along to the programme. the olympics is just around the corner — but one of the leading british athletes at this summer's games has sensationally pulled out. dressage competitor charlotte dujardin, team gb�*s joint most successful female 0lympian, has been provisionally suspended, pending the outcome of an investigation by her sport's governing body — over a video which surfaced showing her making — what she describes as an error ofjudgment. 0ur sports news correspondent laura scott reports. having danced her way to dressage stardom at london 2012, charlotte dujardin cemented her status as one of the most successful british 0lympians of all time. selected for her fourth games, she was expected to make history in paris by winning another medal, a seventh medal, to overtake dame laura kenny as team gb�*s most decorated female athlete. but she will not claim that crown this summer because today came a shock announcement that she was withdrawing from the games after a video emerged which she said showed her making "an error

ofjudgment" during a coaching session four years ago.