Ferrari’s First EV, the $640,000 Luce, Fails to Impress

P.M. Edition for May 26. Ferrari’s first all-electric vehicle fails to rev up fans–and investors. WSJ reporter Ben Katz breaks down the fallout, and why Ferrari says it’s unfazed. Plus, British oil giant BP removes its chairman after bullying concerns. And it’s getting more expensive to build a house. WSJ commodities reporter Ryan Dezember explains how the conflict in Iran and AI frenzy is rippling through the housing sector. Imani Moise hosts. Sign up for the WSJ's free What's News newsletter.