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China’s Naval Drill Draws Cautious Response From Australia, NZ

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China’s live-fire naval exercises in the Tasman Sea triggered heightened concern but relatively muted criticism from the leaders of Australia and New Zealand on Saturday.

Women Chefs Need Customers Not Just Boosters

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Gender issues are important, but restaurants are businesses. Put your money where your culinary heart is. 

Trump’s De-Regulation Drive Is Dangerous, France’s Villeroy Says

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Bank of France Governor Francois Villeroy de Galhau said a push to de-regulate finance in the US is “dangerous” and Europe should instead focus on simplifying the application of its rules.

ECB Deposit Rate Could Be 2% in the Summer, Villeroy Says

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Cuts could bring European Central Bank interest rates to 2% this summer but beyond that there’s no clarity on direction, according to Governing Council member Francois Villeroy de Galhau.

Hamas to Free Six More Israeli Hostages Amid Rise in Tension

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RAFAH, Gaza Strip (AP) — Hamas is set to free six more Israeli hostages Saturday from the Gaza Strip, but the exchange for hundreds of Palestinian prisoners is shadowed by heightened tension between the adversaries that clouds the future of the fragile ceasefire deal.

Germany’s Youth Is Even More Polarized Than the Rest of Voters

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Emily Wünsch voices the frustration of other young people in Germany, when the 21-year-old dismisses the political mainstream as aloof and out of touch.

Starmer Faces Defining Moment in Campaign to Sway Trump

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The last time Keir Starmer crossed the Atlantic to meet Donald Trump the British prime minister needed to show he could avoid a personality clash with the once and future president. The stakes are considerably higher now.

Singaporeans Say Budget Not Enough to Manage Rising Costs, Poll Finds

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A majority of Singapore residents view measures in the latest annual budget as inadequate to help them cope with rising costs of living, according to a new poll.

Steve Cohen “Negative” on US Economy, Trump Fires Brown, More

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Source: Bloomberg, 4:56

Trump Proposes New Ship Fees to Challenge China’s Maritime Might

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The Trump administration is proposing fees on the use of China’s commercial ships it says could help counter the country’s maritime dominance.

SCOTUS Declines for Now, Trump Fires Chair of Joint Chiefs, More

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Source: Bloomberg, 4:55

Cook Islands Says It Has Signed Cooperation Pacts With China

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The Cook Islands said it has formalized cooperation pacts with China, including an action plan for a comprehensive strategic partnership and an agreement covering exploration for seabed minerals.

Trump EPA Keeps Biden-Era Gasoline Change Meant to Boost Ethanol

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The Trump administration is holding firm to an April fuel policy change meant to bolster sales of corn-based ethanol, despite some oil industry warnings it could raise gasoline costs and cause fuel supply disruptions.

Pentagon to Fire Up to 8%, Trump Fires Joint Chiefs Chair, More

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Source: Bloomberg, 4:41

Philippines’ Marcos Seeks to Import LNG From Alaska, Envoy Says

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The Philippines plans to import liquefied natural gas from Alaska to meet its growing energy needs, the nation’s envoy to Washington said.

Trump Replaces a Top Military Commander Amid Widespread Shakeup

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President Donald Trump fired the chairman of the Joint Chiefs of Staff, Charles Q. Brown, as part of a broader shakeup of top military officers on Friday night.

Trump Fires General CQ Brown Jr, SCOTUS Declines for Now, More

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Source: Bloomberg, 4:26

Balance of Power 02/21/25

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"Balance of Power" focuses on the intersection of politics and global business. On today's show, Adam Boehler, the White House Special Envoy for Hostages, discusses why he believes Hamas will release all hostages, and why phase two of a peace deal is a real possibility. Rep. Jake Auchincloss (D) Massachusetts talks about the budget resolution, the war in Ukraine and the cutting of federal employees. Jessica Roth, Cardozo Law School Professor & Former Federal Prosecutor for the Southern District of New York, discusses a federal judge refusing to immediately dismiss the corruption charges facing New York City Mayor Eric Adams and ordering a probe of the case. (Source: Bloomberg)

Trump DEI Orders Mostly Blocked in Diversity Officers Suit

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A federal judge in Baltimore preliminarily halted the Trump administration from enforcing portions of the president’s sweeping executive orders targeting diversity, equity, and inclusion programs that it considers illegal and discriminatory.

How Singapore Quietly Became a Global Chip Powerhouse

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Welcome to the Singapore Edition newsletter. Each week we’ll bring you insights into one of Asia’s most dynamic economies. If you haven’t yet, please sign up here.

DOJ Accuses Judge of ‘Misconduct’ During Trans Military Ban Case

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The federal judge in Washington overseeing a challenge to President Donald Trump’s ban on transgender people serving in the military was accused by the US Justice Department of misconduct for alleged bias during recent court hearings.

Philippines Says Exit From ‘Dirty Money’ List to Boost Investment

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The Philippine government welcomed the country’s removal from a global watchdog’s dirty-money list, which could spur remittances and foreign investments in one of Asia’s fastest-growing economies.

SCOTUS Declines for Now, Pentagon to Fire Up to 8%, More

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Source: Bloomberg, 4:27

Stocks Get Hammered as Traders Hit Risk-Off Button | Bloomberg: The Close 02/21/2025

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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 Darrell Cronk, Wells Fargo, Michael Ha, Baird, Jim Fish, Piper Sandler, Joanne Hsu, University of Michigan, Ed Clissold, Ned Davis Research, Christopher Cain, Bloomberg Intelligence, Hope Harrison, GWU, Ashish Aggarwal, JubileeTV, Detavio Samuels, Revolt CEO, Bailey Lipschultz, Bloomberg News, Duncan Crabtree-Ireland, SAG-AFTRA. (Source: Bloomberg)

CFPB Agrees to Drop Case Against SoLo Funds as Agency Cuts Back

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The Consumer Financial Protection Bureau and peer-to-peer lending platform SoLo Funds agreed to put an end to the agency’s lawsuit against the company amid a broader halt to enforcement actions, according to court filings.

Walmart Bonuses Largely Exceed Targets But Dip From Prior Year

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Walmart Inc. will pay corporate employees more than their bonus target for another year, though workers will receive a slightly lower percentage than a year earlier.

Bybit Hack, Crypto’s Biggest Ever, Spoils Coinbase’s SEC Victory Party

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The crypto industry started its Friday in a jubilant mood, with Coinbase Global Inc.’s announcement that US securities regulators were poised to dismiss a legal case against the nation’s largest digital-asset exchange.

Tokyo Fund Buys China Bonds for First Time on Japanification Bet

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The deflation-fueled outperformance of Chinese bonds has lured in a Tokyo-based investor for the first time.

Tariffs Hit Autos, Naming the Inflation Reduction Act, AI Hurdles | Wall Street Week

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This week, we look at why US automakers are getting hit by the threat of tariffs meant to protect them. And, the Inflation Reduction Act was supposed to be able to pay for its spending without increasing inflation — did it live up to its name? Plus, the promise of AI keeps growing along with the hurdles in its way. We talk to Nobel Laureate Geoffery Hinton and "Chip War" author Chris Miller. (Source: Bloomberg)

Negotiator Says There's a Path to Release All Hostages

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Adam Boehler, the White House Special Envoy for Hostages, joins Bloomberg's "Balance of Power" to discuss why he believes Hamas will release all hostages, and why phase two of a peace deal is a real possibility. (Source: Bloomberg)

New York City Sues Trump Over $80 Million in Clawed-Back Funds

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New York City sued President Donald Trump and members of his administration for clawing back $80 million that the federal government had awarded the city to house immigrants.

Judge Orders Probe Into Adams Case, What Happens Next?

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Jessica Roth, Cardozo Law School Professor & Former Federal Prosecutor for the Southern District of New York, discusses a federal judge refusing to immediately dismiss the corruption charges facing New York City Mayor Eric Adams and ordering a probe of the case. She also shares her thoughts on New York Governor Kathy Hochul choosing to stand down on removing Adams as mayor. Jessica Roth speaks with Kailey Leinz and Joe Mathieu on Bloomberg's "Balance of Power." (Source: Bloomberg)

House Republicans to Explode National Debt: Auchincloss

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Rep. Jake Auchincloss (D) Massachusetts discusses the budget resolution, the war in Ukraine and the cutting of federal employees. He speaks with Kailey Leinz and Joe Mathieu on “Balance of Power.” (Source: Bloomberg)

Associated Press Sues White House Officials to Restore Access

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The Associated Press sued three White House officials after its reporters were banned from covering events at the White House and traveling aboard Air Force One over President Donald Trump’s objection to how the news organization references “Gulf of America” in its style guide.

Bloomberg Wall Street Week February 21st, 2025 (Podcast)

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Source: Bloomberg, 34:42

Trump Directs CFIUS to Restrict Chinese Investments in Key Areas

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President Donald Trump signed a memorandum directing the Committee on Foreign Investment in the United States to restrict investments from China in strategic sectors, the latest salvo from his administration against the world’s second largest economy.

Supreme Court Declines for Now to Let Trump Fire Agency Head

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The US Supreme Court declined for now to let President Donald Trump oust the head of a federal whistleblower agency, letting the official stay in the job until at least Wednesday.

US Consumer Inflation Expectations Spike to 30-Year High

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Get caught up.

Stocks Get Hammered, Covid-Like Bat Virus, More

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Source: Bloomberg, 4:21

Trump Told Drugmakers to Move Production to US or Face Tariffs

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President Donald Trump warned drugmakers in a private meeting that tariffs are coming and said companies should hustle to move overseas manufacturing to the US, according to two people familiar with the conversation.

UN Security Council Condemns Rwanda for Eastern Congo Violence

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The United Nations Security Council condemned Rwanda for backing a rebellion in eastern Democratic Republic of Congo and ordered its troops to withdraw from the country.

Trump Eyes Tariffs to Counter Digital Taxes on Big Tech

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President Trump said he will sign a executive order Friday that could open the door to tariffs in response to digital services taxes some countries impose on US tech companies. Bloomberg's Tyler Kendall has the details from the White House. (Source: Bloomberg)

Hard-to-Shock Markets Show Tolerance for Trouble Isn’t Limitless

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For the past two months, under threat of tariffs and tighter Federal Reserve policy, it’s been the mighty US economy that gave investors cover to keep shoveling money into markets.

Stocks Log Back-To-Back Days of Losses | Closing Bell

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Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Carol Massar and Tim Stenovec. (Source: Bloomberg)

DOGE Restores 9/11 Survivor Program Cuts, Hiring Back Workers

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The Trump administration walked back cuts to a health program for 9/11 first responders and survivors, restoring research grants and the jobs of laid-off workers.

Blackstone Nears $1.7 Billion Deal for Summit-Backed VaxCare

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Blackstone Inc. is in advanced talks to acquire vaccine management company VaxCare Corp. for about $1.7 billion including debt, according to people familiar with the matter.

Trump Returns to Conservative Conference as Party Weighs the Future

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This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Every Friday, White House correspondent Akayla Gardner delivers a roundup of the key news and events in politics, policy and economics that you need to know. Sign up here and follow us at @bpolitics. Email our editors here.

Massive Crypto Heist, Commerce Dept May Absorb Postal Service

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Source: Bloomberg, 5:01

Pentagon Expects to Fire Up to 8% of Its Civilian Workforce

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The Pentagon expects to fire between 5-8% of its civilian workforce, with the first round of layoffs targeting 5,400 probationary workers starting next week, according to a statement.

Bloomberg Intelligence's Equity Market Minute 02/21/2025

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Gina Martin Adams hosts this week's 'Equity Market Minute' by Bloomberg Intelligence. (Source: Bloomberg)