The vast field of over 5,800 electric and hybrid vehicles gleamed on the cargo deck of the BYD Changzhou, an Chinese container vessel unloading Wednesday at a river port in eastern Argentina. In other places, such a scene would not be noteworthy.

Chinese automaker BYD has sped up its exports and undercut rivals the world over, alarming Washington, upsetting Western and

Japanese auto giants and unnerving local industries across Southeast Asia, Africa and Latin America. But the sight of so many new Chinese EVs gliding onto a muddy river bank in Buenos Aires province was unprecedented for Argentina, run for decades by the left-wing populists that protected local industry with stiff tariffs and import restrictions.

Ryanair CEO dismisses Musk buying airline

Ryanair’s CEO Michael O’Leary is dismissing Elon Musk’s idea of buying the airline and shrugging off his insults. The spat began when Ryanair ruled out installing Musk’s Starlink Wi-Fi on its planes. O’Leary called Musk an “idiot,” while Musk labeled O’Leary “misinformed.”

Musk even joked about buying Ryanair on social media. O’Leary noted that non-European citizens can’t own a majority stake in

European airlines. He added that if Musk wants to invest, it would be a better choice than his investment in X. Ryanair used the spat for a promotional seat sale featuring a caricature of Musk.

Trump pushes to make homes more affordable

President Donald Trump’s plans for bringing homeownership within reach of more Americans involve pushing for lower interest rates on home loans and credit cards, and banning large institutional investors from buying single-family homes.

Trump outlined four housing policies his administration is pursuing during his address Wednesday at the World Economic Forum in Davos, Switzerland. Each had been previously mentioned by him or his administration in recent weeks, part of a broader push to address affordability generally, a hot-button issue with voters heading into the midterms.

Nathan’s Famous sold for $450 million

Nathan’s Famous, which opened as a 5-cent hot dog stand in Coney Island more than a century ago, has been sold to packaged meat giant Smithfield Foods in a $450 million all-cash deal.

Smithfield, which has held rights to produce and sell Nathan’s products in the U.S., Canada and at Sam’s Clubs in Mexico since 2014, will acquire all of Nathan’s outstanding shares for $102 each. Like almost every food company, Nathan’s has been under significant inflationary pressure. Nathan’s sales costs of branded products rose 27% compared with last year in its most recent quarter and there was a 20% increase in the average cost per pound of hot dogs.

EU vote to hold up Mercosur trade deal

European Union lawmakers have voted to hold up a major free trade agreement with the Mercosur group of South American countries over concerns about the legality of the deal.

In a vote in Strasbourg, France, the lawmakers narrowly approved sending the EU-Mercosur agreement to Europe’s top court to rule on whether it is in line with the bloc’s treaties. The agreement was just signed into effect to great fanfare on Saturday. It aims to gradually eliminating more than 90% of tariffs on goods ranging from Argentine beef to German cars, creating one of the world’s largest free trade zones.