May 9, 2017

Parts makers salivate over rush to electric cars

John Amis / AP

A series of major automakers — including Volkswagen and Daimler — are ramping up their investments with a competitive eye on Tesla, reports Bloomberg.

  • The problem: "Electric carmakers will have to deal with increased costs until about 2025, amid an industry-wide push to make the vehicles more appealing to the mainstream market."
  • The short-term: "High battery costs, limits to driving ranges and charging times mean that electric cars won't have an economic advantage over combustion engines until 2025," Wolfgang Schaefer, CFO of automotive supplier Continental, told Bloomberg, noting that the payoff on these vehicles will take years to materialize.
  • The long-term: Suppliers like Continental sell electric power parts for more than they are currently making from conventional combustion cars.

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Joe Biden places second in Nevada caucuses, ahead of Pete Buttigieg

Democratic presidential candidate and former Vice President Joe Biden a Nevada Caucus watch party in Las Vegas on Saturday. Photo: Ronda Churchill/AFP via Getty Images

Former Vice President Joe Biden secured second place in the Nevada Democratic caucuses with former Southbend Mayor Pete Buttigieg third, according to NBC News projections Sunday.

Why it matters: It's a boost for Biden, who's widely tipped to be endorsed by House Majority Whip Jim Clyburn (D-S.C.) on Wednesday, ahead of this week's South Carolina primary.

Go deeperArrowUpdated 5 mins ago - Politics & Policy

Sanders reveals free childcare plan for preschoolers

Democratic presidential candidate Sen. Bernie Sanders speaks during a campaign rally on Saturday in El Paso, Texas. Photo: Cengiz Yar/Getty Images

Democratic presidential candidate Sen. Bernie Sanders announced on CBS' "60 Minutes" Sunday a new plan to guarantee free child care and pre-kindergarten to all American children from infancy to age four.

Details: In the wide-ranging interview, Sanders told Anderson Cooper he planned to pay for universal childcare with a wealth tax. "It's taxes on billionaires," he said.

Exclusive: Trump's "Deep State" hit list

Illustration: Aïda Amer/Axios. Photos: WPA Pool/Getty Pool, Drew Angerer/Getty Staff

The Trump White House and its allies, over the past 18 months, assembled detailed lists of disloyal government officials to oust — and trusted pro-Trump people to replace them — according to more than a dozen sources familiar with the effort who spoke to Axios.

Driving the news: By the time President Trump instructed his 29-year-old former body man and new head of presidential personnel to rid his government of anti-Trump officials, he'd gathered reams of material to support his suspicions.