The White House said the head of the Department of Government Efficiency — the wide-ranging federal cost-cutting initiative associated with Elon Musk — is a little-known official named Amy Gleason. More here: https://bloom.bg/41vcO7n
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Scientists at China’s Wuhan Institute of Virology recently reported the discovery of another bat-borne coronavirus, HKU5-CoV-2, which could spread in a similar way to Covid-19. Here's what to know about new strain: https://bloom.bg/3D65oy6
📷: Hector Retamal/AFP/Getty Images
The staffer with billionaire Elon Musk’s Department of Government Efficiency who resigned after a report that linked him to racism and eugenics has been reinstated at the Social Security Administration, according to people familiar with the move. Read more here: https://bloom.bg/41o6bE1
📷: Stefani Reynolds/Bloomberg
Elon Musk's X, formerly known as Twitter, is raising money from investors at a valuation of $44 billion — the same price Musk paid for the company in 2022. More here: https://bloom.bg/4i1pit0
📷: Francis Chung/Politico/Bloomberg
Citigroup lifted CEO Jane Fraser’s total compensation to $34.5 million for 2024 — up by a third from the $26 million she received for 2023 — and represents the biggest raise among CEOs of large US banks. Read more: https://bloom.bg/3CVRui5
📷: Paul Yeung/Bloomberg
🎙 Donald Trump is planning to close a tariff loophole that’s given Chinese marketplace Temu an edge over Amazon. What does this mean for US consumers and how will the likes of Temu and Shein navigate the changes?
Listen to the Big Take Asia Podcast: https://link.podtrac.com/jxfy2rhy
There are a limited number of US visas up for grabs each year for high-skilled workers.
Former staffers say India’s biggest outsourcing firm TCS made repeated use of manager-level visas to get around H-1B rules and game the system. More here: https://bloom.bg/4b6RgkS
📷 Jimena Peck/Bloomberg
Elon Musk’s artificial intelligence startup xAI showed off the updated Grok-3 model, showcasing a version of the chatbot technology that the billionaire has said is the “smartest AI on Earth.” Read more here: https://bloom.bg/3Qm2loA
📷: VCG/Getty Images
🎙 LIVE NOW: The rise of DeepSeek has sparked a rally in China's tech stocks - but will it last?
Bloomberg reporters are answering all your questions in a Live Q&A: https://bloom.bg/40Xi1n9
A tie-up involving Australia's Chemist Warehouse has produced a parade of fortunes — turning the pharmacy chain's two founders and its CEO Mario Verrocchi into billionaires.
Verrochi, who joined the company as an intern, said it was the result of "fifty years of toil, 50 years of grind, a bit of blood, sweat and tears." More here: https://bloom.bg/41eJmCP
📷: Brendon Thorne/Bloomberg
EXCLUSIVE: Asia’s second-richest man, Gautam Adani, is building a political influence operation spanning white shoe law firms and lobbyists, looking to simultaneously deal with legal cases and expand his business in the US, sources say. Read more here: https://bloom.bg/3ECJUJO
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🎙 As Trump rolls out a barrage of tariffs, what is Xi's game plan?
We unpack China's response and whether it can avoid a full-blown trade war with the US. Listen to the Big Take Asia Podcast: https://link.podtrac.com/jxfy2rhy
JUST IN: The Philadelphia Eagles beat the Kansas City Chiefs, 40-22, to win the Super Bowl. More here: https://bloom.bg/4hTdFEx
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Trump’s new trade war is further blurring the lines between Hong Kong and Beijing, threatening to erode the city’s main selling point as a global financial hub. Read more: https://bloom.bg/3Q7CwIN
📷: Paul Yeung/Bloomberg
Alphabet’s Google told employees that it will no longer formally seek to improve the diversity of its workforce, marking the latest step in Silicon Valley’s retreat from initiatives that have fallen out of favor during US President Donald Trump’s administration. More here: https://bloom.bg/4113xE3
📷: Saul Loeb/AFP/Bloomberg
Australia was unaware that Chinese warships were about to conduct live-fire exercises off its east coast until they were alerted by a Virgin Australia pilot. More here: https://bloom.bg/41v2uwp
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As Trump unleashes round two of his trade wars, an analysis of the way global commerce has rewired since his first presidency shows how Vietnam, Mexico and Canada are exposed this time around as a new era of American protectionism unfolds. Read more: https://bloom.bg/4gQ4lQU
📷: Yasufumi Saito, Christopher Udemans
EXCLUSIVE: Malaysian officials tell Prime Minister Anwar Ibrahim to soften his Israel-Hamas rhetoric to avoid scrutiny from Donald Trump. More here: https://bloom.bg/4b4TW2s
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Self-driving entrepreneur James Peng has hit billionaire status after the rally in Chinese tech firms buoyed stock in his robotaxi startup Pony AI. https://bloom.bg/3D8QJlL
📷: Lam Yik/Bloomberg
The tiny island nation of Nauru faces extreme flooding risks fueled by climate change, and is selling citizenships to fund a project to move about 10,000 people to higher ground. https://bloom.bg/4i406ls
📷: Gallo Images/Gallo Images Editorial
🚨 LIVE NOW: How will a fresh interest-rate cut and housing crisis reshape Australia’s 2025 election?
Join our reporters for a Live Q&A. Ask questions here: https://bloom.bg/3XvmAnZ
Singapore is likely to boost spending in Lawrence Wong’s first budget as prime minister, offering more handouts to businesses ahead of election. Follow our live blog for the latest news and analysis: https://bloom.bg/4i1twB0
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The unravelling of the investment-banking expansion in China marks a seismic shift for Wall Street.
Once a crown jewel of global finance, China is now a fading prospect, forcing major banks to recalibrate their growth strategies. While many are shifting Asia resources to Japan and India, the China void is hard to fill. More here: https://bloom.bg/414fI1K
📷: Illustration by Carolina Moscoso
After promising to unleash “the big one,” President Donald Trump has directed his administration to propose a round of reciprocal tariffs that could remodel America’s trading relationship with the world.
Here's how they could be imposed, which countries would be affected the most, and more: https://bloom.bg/3EAgsnv
📷: Stefani Reynolds/Bloomberg
From the Ambanis to the Chengs, Asia's 20 richest families are collectively worth $558 billion. Here's who made the list: https://bloom.bg/3Ez2YIZ
📷: Sujit Jaiswal/AFP
China's long-running property crisis that's hobbled its economy and created a near $160 billion pile of distressed debt — the world’s largest — is sliding into a dangerous new phase. Read The Big Take: https://bloom.bg/4gL379C
📷: Fang Dongxu/VCG/Getty Images
President Donald Trump has ordered a stop to minting new pennies because they cost more to make than they’re worth. Read more here: https://bloom.bg/40SyJUv
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New Zealand is simplifying its so-called golden visa program, including removing an English language requirement, to attract wealthy immigrants and help spark an economic recovery. More here: https://bloom.bg/4gtNwLr
📷: Franck Fife/AFP via Getty Images
CEO Andy Jassy’s campaign to flatten Amazon’s middle management ranks has started rippling through the company, raising fears about the prospect of lean years and fewer promotions for experienced corporate staffers.
To assess the mood inside the company, Bloomberg interviewed employees from several departments. More here: https://bloom.bg/4jFkzPr
📷: David Ryder/Bloomberg
New: The US Postal Service said Wednesday that it’s accepting “all international inbound mail and packages” from China and Hong Kong Posts, hours after the agency announced a halt on some shipments https://bloom.bg/3WMRBmX
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