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Transcript: Enrique Garavito Current Business Issues Xiaomi Corp Topic 1 The Chinese smartphone maker is taking advantage of changes in the former British colony that mean companies with different share classes can now list in the city. While the filing didn’t say how much Xiaomi is looking to raise in the initial public offering, it’s expected to be at least $10 billion, people with knowledge of the matter have said, and could value the business as high as $100 billion. Xiaomi, reporting detailed financials for the first time, posted a net loss of 43.9 billion yuan ($6.9 billion) in 2017, reversing from a profit a year earlier. Revenue however surged 67.5 percent to 114.5 billion yuan last year. Tesla Topic 2 Tesla reported a record loss of $710 million in the first quarter and continues to burn through cash as it pushes to ramp up production of its mass market Model 3 vehicle. The loss of $3.35 per share was less than the $3.58 to $3.54 that analysts had expected. But Tesla’s shares nevertheless declined nearly 6% in after-hours trading to $283.10. Tesla spun the results as a positive along with voicing optimism about the rest of 2018. Tesla made “significant progress” on increasing production of the Model 3, a mass market vehicle designed to propel in the second half of the first quarter, Tesla said in a letter to shareholders. Tesla’s goal is to produce 5,000 of the cars weekly by the end of the second quarter, a goal that Tesla CEO Elon Musk has promised before and missed. The company said in April it had produced 2,270 weekly. Romaine Lettuce Topic 3 The E. coli outbreak connected to romaine lettuce has turned fatal with one death reported in California, the Centers for Disease Control and Prevention said Wednesday, April 25. The CDC also said 23 more people had been sickened since its last update on April 27, bringing the total number of cases to 121 across 25 states, with 52 people hospitalized. The outbreak has been linked to romaine lettuce grown in Yuma, Ariz., and the CDC is warning consumers not to eat or buy romaine lettuce unless they can confirm it is not from that region. The warning applies to whole heads and hearts of romaine, as well as chopped romaine, baby romaine, and salads containing romaine lettuce. Restaurants and retailers are also being advised to ask their suppliers about where their lettuce comes from.