News Snapshot:
Like every business that goes public, Porsche has had to set out the risks it believes investors should know about. One of the world’s highest-profile carmakers did so last week in an 820-page prospectus packed with the sort of historical detail and data on its best-selling models that delight aficionados. But the list of risks was also a sobering reminder of the gamble the German carmaker is taking as it lists during a bear market unleashed by rising interest rates, sky-high energy prices and Russia’s invasion of Ukraine. Europe’s energy crisis could drive its costs higher, Porsche warned, as it...