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Trump Arrives in Italy for Pope's Funeral
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US President Donald Trump and first lady Melania Trump arrived in Rome on Friday evening ahead of Pope Francis' funeral, which takes place at St. Peter's Basilica in Vatican City on Saturday. (Source: US Network Pool via Associated Press)
India’s Airlines Add to Passenger Care as Flight Time Rises
1745651249 from BLOOMBERG
India’s airlines will have to take extra measures to ensure passenger comfort, adding to their costs, as flying time for westerly flights has increased after Pakistan closed its airspace for India-owned and operated airlines.
Trump Tariff Costs; Nollywood's Investment Moment | Bloomberg Next Africa
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US President Donald Trump's tariff announcements have rattled markets and the new levies are forcing a reconsideration of trade relations, including among African nations. Plus, Lagos hosts one of the world's largest movie industries, Nollywood. But with the naira in flux, streamers are pulling back from initial plans to invest in local productions. Instead, local fund managers and investors are stepping in to plug the gap and reap the rewards. On this episode of Bloomberg Next Africa, we speak to some of these investors and hear from one of the country's biggest producers, Mo Abudu. (Source: Bloomberg)
India Says Pakistani Troops Fired at Troops in Disputed Kashmir
1745643024 from BLOOMBERG
SRINAGAR, India (AP) — Pakistani soldiers fired at Indian posts all along the highly militarized frontier in disputed Kashmir for a second consecutive night, the Indian military said Saturday, as tensions continued to escalate between nuclear-armed rivals following a deadly attack on tourists.
North Korea’s Kim Touts New Destroyer, Aims to Get Nuclear Sub
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SEOUL, South Korea (AP) — North Korean leader Kim Jong Un has unveiled a new naval destroyer, claiming it as a significant advancement toward his goal of expanding the operational range and preemptive strike capabilities of his nuclear-armed military, state media said Saturday.
Elon Musk’s XAI Holdings Is in Discussions to Raise $20 Billion
1745631130 from BLOOMBERG
Elon Musk’s XAI Holdings is in talks with investors to raise roughly $20 billion in funding for his newly combined artificial intelligence startup and social media business, according to people familiar with the matter.
Trump to Honor Pope, Talk Trade in Rome | Balance of Power: Late Edition
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"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Charles Kupchan, Senior Fellow at the Council on Foreign Relations, weighs in on President Trump claiming progress on a Russia-Ukraine peace deal is going smoothly. Susan Schwab, Former US Trade Representative during the George W. Bush Administration, discusses how President Trump’s tariffs are affecting supply chains and how companies do not have a lot of time to adjust to the President’s tariff proposals. (Source: Bloomberg)
How Victoria Mars Preserves Her Family Legacy
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An inside look at how a company’s heritage can shape its future through innovation and preservation. Yale’s Jon Iwata discusses the differences between companies that succeed in the long run over those that don’t…two of the success stories: Mars and Enel. Victoria Mars talks about Mars’ core principles and how they are applied even without the Mars family in management positions. Enel’s former CEO Francesco Starace discusses how he was able to move his company forward through technological change. (Source: Bloomberg)
Summers on Trump: 'Least Successful 100 Days' Since WWII
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Former Treasury Secretary Lawrence H. Summers summarizes and dissects Trump’s first 100 days based on the judgment of markets. University of Virginia’s Barbara Perry analyzes Trump’s presidency through a historic lens. (Source: Bloomberg)
Singapore Ruling Party Selects Record Number of Women for Poll
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Singapore’s ruling party recruited a younger, more female slate of candidates ahead of the May 3 election in a bid to connect with a changing electorate, but across the political spectrum, efforts to showcase diversity only go so far.
Only Google Can Run Chrome, Company’s Browser Chief Tells Judge
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Google is the only company that can offer the level of features and functionality that its popular Chrome web browser has today, given its “interdependencies” on other parts of the Alphabet Inc. unit, the head of Chrome testified.
Trump's 100 Days, New FDA With Old Problems, Stakeholder Capitalism | Wall Street Week
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This week, former Treasury Secretary Lawrence H. Summers and UVA’s Barbara Perry compare President Trump’s first 100 days in office with his previous term and those of presidents past. Plus, how the FDA violated its own rules in approving marketing for opioid painkillers. Later, how does a company balance its heritage with its future? (Source: Bloomberg)
Hegseth Taps DOGE Staffer as Senior Adviser After Staff Exodus
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Defense Secretary Pete Hegseth, facing criticism of his stewardship at the Pentagon and beset by staff turnover, added a member of Elon Musk’s Department of Government Efficiency to his circle of close advisers.
GOP Lawmakers Ready $15 Billion Plan to Fix Air Traffic Control
1745621922 from BLOOMBERG
Republican members of the House Transportation and Infrastructure Committee are preparing a $15 billion package to revamp the country’s aging air-traffic control system, according to people familiar with the matter.
Supply Chain is Being Scrambled: Schwab on Trump Tariffs
1745621088 from BLOOMBERG
Susan Schwab, Former US Trade Representative during the George W. Bush Administration, discusses how President Trump’s tariffs are affecting supply chains and how companies do not have a lot of time to adjust to the President’s tariff proposals. She speaks with Kailey Leinz and Joe Mathieu on the late edition of Bloomberg’s “Balance of Power.” (Source: Bloomberg)
Ken Griffin Criticizes Trump Tariffs: ‘These Jobs Are Not Coming Back’
1745620803 from BLOOMBERG
Citadel founder Ken Griffin extended his criticism of the Trump administration’s trade policy, saying that tariffs won’t bring back American manufacturing jobs the way that the president anticipates and the country should play to its strengths instead.
Are Russia Ukraine Talks Going As Smoothly As Trump Claims?
1745619660 from BLOOMBERG
Charles Kupchan, Senior Fellow at the Council on Foreign Relations, weighs in on President Trump claiming progress on a Russia-Ukraine peace deal is going smoothly, and states the President is "overdoing it," and that Russia Ukraine negotiations have actually "been handled chaotically." He also talks about whether or not the US needs to be the third party in these negotiations, and shares his view on Ukrainian President Zelenskyy acknowledging Ukrainian forces would not be able to retake Crimea on its own. Charles speaks with Kailey Leinz and Joe Mathieu on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)
S&P 500 Notches Longest Winning Run Since Jan. | Bloomberg: The Close 04/25/2025
1745619290 from BLOOMBERG
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Tracie McMillion, Wells Fargo Investment, Gerard Barron, The Metals Company, Daniel Pilling, Sands Capital, Nouriel Roubini, Roubini Macro Associates, John Butler, Bloomberg Intelligence, Kristen Bitterly, Citi Global, Brian Harbour, Morgan Stanley, Dave Lee, Bloomberg Opinion, Kim Wallace, 22V Research, Julia Coronado, Macropolicy Perspectives, David Mullings, Blue Mahoe Capital. (Source: Bloomberg)
US Agents Cleared for Warrantless Arrest of Alleged Gang Members
1745618059 from BLOOMBERG
Federal law enforcement agents can arrest Venezuelan nationals in the US suspected of belonging to the Tren de Aragua gang without a judicial or administrative warrants, according to a directive from Attorney General Pam Bondi.
Kennedy Center Cancels LGBTQ+ Pride Celebration Planned for June
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WASHINGTON (AP) — Organizers and the Kennedy Center have canceled a week’s worth of events celebrating LGBTQ+ rights for this summer’s World Pride festival in Washington, D.C., amid a shift in priorities and the ousting of leadership at one of the nation’s premier cultural institutions.
Powell Draws Applause on Independence at Closed-Door IMF Meeting
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Federal Reserve Chair Jerome Powell used a gathering of finance chiefs from around the world to stress that central banks must be shielded from politics to ensure they can focus on keeping inflation stable and employment high, according to people who listened to his remarks.
Big Take: College Costs Are Squeezing the Middle Class (Podcast)
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Tuition at US colleges and universities is higher than ever. But an exclusive new Bloomberg analysis reveals that the cost of a four-year degree is particularly burdensome for middle class students and their families. On today’s Big Take podcast, Bloomberg’s Francesca Maglione and Paulina Cachero join David Gura to break down the real cost of attending the most selective colleges and universities in the US — and how that cost changes depending on how much a family makes.