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Stellantis has forecast that U.S. tariffs would cost it 1.5 billion euros ($1.7 billion) this year, five times the hit taken in the first six months of the year when the carmaker tallied losses of 2.3 billion euros ($2.65 billion).The maker of Jeep, Chrysler, Fiat, and Peugeot cars said Tuesday that net profits plummeted from 5.6 billion euros ($6.5 billion) in the same period last year as it burned 3.3 billion euros ($3.8 billion) in cash for the cancellation of a hydrogen fuel cell project, changes in the fine regime for U.S. carbon emission regulations, and write-downs on platform investments.U.S. President Donald Trump’s tariffs cost the company 300 million euros ($346 million) in the first six months of the year, Stellantis said. During the period, U.S. shipments were down by nearly a quarter as the carmaker reduced the importation vehicles produced abroad.Stellantis said it expected net revenues to increase over the next six months compared with the first half of the year, when they dropped 13% to 74.3 billion euros ($85.7 billion). The carmaker also said cash flow would improve.Incoming CEO Antonio Filosa, who was confirmed in the role last month, said the new executive team “will continue to make the tough decisions needed to re-establish profitable growth and significantly improve results.”“My first weeks as CEO have reconfirmed my strong conviction that we will fix what’s wrong with Stellantis,” Filosa said in a statement. Associated Press
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E-Commerce
UnitedHealthcare’s parent company, UnitedHealth Group, is in need of some bed rest this week. The companys stock price (NYSE: UNH) has been knocked off its feet again after the American insurance giant reported disappointing quarterly results and offered 2025 earnings guidance that was significantly below investor expectations. Heres what you need to know. UnitedHealth Groups Q2 2025 earnings Today, UnitedHealth Group reported its second-quarter 2025 resultsand they didnt live up to investor expectations. For the quarter, the company reported an adjusted earnings per share (EPS) of $4.08. It reported revenue of $111.62 billion for the quarter. As noted by CNBC, analysts surveyed by LSEG had expected UnitedHealth to report revenue of $111.52 billion for the quarter, meaning the company slightly outperformed expectations. However, those same analysts also expected UnitedHealth to report an adjusted EPS of $4.48. At an actual adjusted EPS of $4.08, UnitedHealth came in significantly below expectations. The company may have beaten on revenue, but it made less profit than expected because of rising healthcare costs. Those rising healthcare costs are partly attributed to older customers now having surgery and other medical procedures that they put off during the pandemic years, notes CNBC. These include non-emergency procedures such as hip and other joint replacements. Yet it wasnt UnitedHealth Groups Q2 results that gave investors the shivers. The company also updated its previously suspended 2025 full-year outlook. Investors werent happy about that either. UnitedHealth Group says it expects revenue of between $445.5 billion and $448 billion for fiscal 2025 and adjusted earnings per share (EPS) of at least $16. As CNBC notes, investors had anticipated fiscal 2025 revenue of $449.16 billion and adjusted EPS of $20.91 per share. As a result of the lackluster quarter and poorer-than-expected 2025 forecast, UnitedHealth Group shares are dropping in premarket trading this morning as of this writing. Todays results have seemed to have rattled health insurance industry investors, especially considering that UnitedHealth Group, as CNBC notes, is often seen as the bellwether for Americas private healthcare industry. In sickness and in health It’s not just UnitedHealth Groups latest Q2 results and underwhelming fiscal 2025 forecast that have rattled the companys investors as of late. Since the beginning of the summer, the company has seen bad news pile up. In early May, UnitedHealth Groups then-CEO, Andrew Witty, announced he was stepping down for personal reasons. Witty had been highly criticized for his perceived tone-deaf response to the anger that Americans expressed against the company after the killing of Brian Thompson, CEO of the company’s UnitedHealthcare unit, in December. Along with announcing Wittys departure, UnitedHealth Group also announced it was suspending its 2025 full-year fiscal outlook due to medical costs that were increasingly higher than expected. The companys chairman, Stephen Hemsley, was announced as the new CEO. But a few days after Hemsley became UnitedHealth Groups new CEO, the Wall Street Journal reported that UnitedHealth was under investigation by the Department of Justice (DOJ) over possible Medicare fraud. This news, which UnitedHealth Group called misinformation, sent UNH shares tumbling. Then, just last week, UnitedHealth Group confirmed on Thursday that it was indeed under federal criminal and civil investigations involving its Medicare business. Americans angered by private insurance While investors may be fretting over UnitedHealth Groups woes, few Americans are likely to feel sympathy for the private insurance giant. After the murder of Thompson, social media users in the United States exploded not with sadness or outrage, but with glee. What the reaction to the killing revealed was that there is a widespread, deeply rooted anger by Americans across the political spectrum against the countrys private healthcare system. As Americas largest private health insurer, UnitedHealth Group is a focal point for this angerand Americans didnt hold back. As Fast Company reported at the time, social media was flooded with Americans venting their horror stories and frustrations in dealing with UnitedHealthcare and the other for-profit health insurance companies that have so much control over their health and financial lives. My copay for thoughts and prayers is $100,000; I heard his condition was pre-existing; My ability to care was denied; My sympathy requires a referral; Submitted claim for condolences was denied, a user on Bluesky said. This pent-up anger against UnitedHealth wasnt helped by Wittys response to the outcry, which some labeled tone-deaf. UNH shares have had a bad 2025 As of the time of this writing, UNH shares are down about 1.11% to $279, driven by the companys poor Q2 2025 results and disappointing fiscal 2025 guidance. But UNH shares depression is nothing new this year. Since the start of 2025, UNH shares had already fallen more than 44% as of yesterdays close of markets, primarily due to the rising costs of healthcare. Over the past 12 months, UNH shares have collapsed more than 50% as of yesterdays market close.
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E-Commerce
Mauro Porcini became the worlds first chief design officer at 3M, before taking the role at PepsiCo and, now, Samsung. But despite defining what it means for a designer to take a seat in the C-suite, he admits that, for a few decades now, hes ceased to fit anywhere perfectly. Designers see me as a business person. The business people see me as a designer. Im there in the middle between the two worlds, like I’m Italian and American. I’m both of them, laments Porcini, before flipping this self-critique on its head. [But that means] I’m exotic in Italy, and I’m exotic in America. Now I’m exotic in Korea. Porcini captures these dualities in the way he styles himself. With roots in Varese, Italy, he grew up alongside the Missoni family, and into his early 20s, he became friends with many of Italys most prominent voices in fashion. To this day, he has a penchant for Italian luxury brands like Gucci, Prada, and Valentino. But he insists that hes not afraid to mix them with drops from Zara. A longtime collector of fine footwear, his latest obsession is a Gucci x Adidas collab, which he owns in six colors. (He recently added their gold-clad loafer to his collection.) The pieces showcase the materials and silhouettes of Gucci, but with the three stripes of Adidas. Its an unexpected mashup that adds a signature to just about anything Porcini wears these days. The shoe has always been very powerful, because you can go crazy with the shoes. You can be really different. And for a man, its an easy accent, says Porcini. But then you go into these boardrooms, and you need to pitch investments of millions of dollars, or hundreds of millions of dollars, so rebalancing that with a jacket or blazersomething that reminds them that you’re still part of that [business culture is essential]. So you’re not going there with just a T-shit and sneakers. [Photo: Samsung (portrait)] Porcini adores a double-breasted wool coat, and his latest is a custom commission from Golden Goose, embroidered with cities from his life: Milan, Dublin, Minneapolis, New York, and Seoul. The overall effect is that Porcini has been mixing classic suit silhouettes with hints of sport (Ive even seen him mix trousers with a track pant piping into his look). Its perpetually surprising without being heavy-handed; intentional without feeling try-hard. Each of us has different ways of dressing, but show that you have an original point of view. Because this is what designers do, says Porcini. They look at reality, they look at their world, and have a unique and original point of view on what they need to do. So through your dress, communicate that kind of original point of view. And communicate the confidence of sharing it. For Porcini, dressing well is a tool to be taken seriously as a creative in business, but its base is about self-acceptance, love, and expression. As he learned as a teenager reading the 1926 allegory One, No One, and One Hundred Thousand by Luigi Pirandelloin which a man becomes so obsessed with the shape of his nose that it ultimately destroys his lifeyou cannot let peoples perception of you dilute who you are. You need to have the peace of mind and the awareness that people will judge you, not on the basis of just what you do, but on the basis of who they are, says Porcini. And you need to be okay with it. Describe your style in a sentence. A mix of creativity, confidence, self-love, but also love for the world. Whats the one piece in your closet youll never get rid of? There is a trouser that I painted when I was, I think I was 17, and I still have it, even if, obviously it doesn’t fit anymore. I have more than one, but there is one that I really love. I started to paint on clothing, and I started to sell this clothing to make a little bit of money. I paid for my driving school in this way. When I was 18, I even sold one to my teacher who was giving me driving lessons. [Photo: courtesy of Porcini] How long does it take you to get dressed in the morning? Super quick. Between the time I wake up and leave, its 45 minutes. And that includes emails, breakfast, shower, and getting dressed. What do you wear to a big meeting? I try to have a touch of creativity that creates surprise in the room and talks about my belonging to the creative community. But then I blended with a code that is more accepted by the audience, the business community. I try to create that comfort and discomfort together. What’s the best piece of fashion advice you’ve ever gotten? It was not articulated in one sentence, but it’s literally, be yourself and be unique. Dont be a slave to fashion. Your pieces dont need to be the latest. They need to be something that makes sense for you and makes sense for what you want to project to the world.
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E-Commerce
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