Zhang Shengwei, the influential figure behind Heaven Gifts in Shenzhen, is credited with revolutionizing the vape industry by dominating markets worldwide with disposable vapes that are popular among youth. However, concerns are rising due to the environmental impact of disposable vapes, prompting the UK government to ban them by 2025. In the US, Zhang’s tactics have raised geopolitical tensions and criticisms of illegal product flooding, while his ability to navigate regulatory hurdles has solidified his position in the industry despite mounting challenges.
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Sonic Automotive Q2 EPS Jumps 49 Percent
Sonic Automotive (NYSE:SAH) reported Q2 2025 earnings on July 24, revealing adjusted earnings per share of $2.19 and revenue of $3.7 billion, exceeding analyst expectations. Despite strong performance in its EchoPark used car network and a higher dividend, the company faced a net loss due to a significant non-cash impairment charge, highlighting ongoing cost and asset challenges. Want More Context? 🔎
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