Bloomberg clips 12 May 2025

 

1:44

Watch: Bessent Unveils US-China Tariff Pause for 90 Days

US, China to Slash Tariffs During Negotiations for Broader Deal

The announcement represents a step toward de-escalating a tariff war that has led to an immediate slump in trade across the Pacific Ocean.

Newsletter: Markets Daily

Investors Are Loving Risk Again as Trade War Cools

Markets Wrap

US Stock Futures and Dollar Surge on Tariff Truce: Market Wrap

OpinionAndrea Felsted

US Retailers Are Facing Post-Tariff Spending Disorder

‘Buy America’ Sweeps Across Global Markets After China-US Talks

iStockphoto/Getty Images

 

 

 

 

 

 

Trump Vows US Drug Price Cuts of Up to 80% in Industry Blow

Trump said his plan would see the US “pay the same price as the Nation that pays the lowest price anywhere in the World.”

NOVOB

3.49%

AZN

3.17%

Pharmaceutical Stocks Tumble on Trump Plan to Cut US Drug Prices

Tomohiro Ohsumi/Getty Images

 

 

 

 

 

 

 

 

 

 

 

 

E

 

Exclusive

SoftBank Stargate Venture With OpenAI Hits Snags on Tariff Fears

SoftBank’s plans to invest $100 billion in AI infrastructure in the US have slowed, with economic risks stemming from Washington’s tariffs holding up financing talks.

War in Ukraine

Global RisksTrump's ViewsUS Sanctions Proposal

Roman Pilipey/AFP/Getty Images

Trump’s Ukraine Push Comes to a Head With Challenge to Putin

Poland to Close Another Russian Consulate Over Sabotage Claims

UK to Unveil New Russia Sanctions as European Ministers Meet

Bloomberg Opinion

Trump and Xi Tone Down a Senseless Trade War

Prohibitive tariffs cost millions of jobs on both sides of the Pacific. This 90-day truce is a good start. 

By Shuli Ren, ColumnistLiberals Should Focus on Class, Not Race

 

 

 

 

TikTokers Are Self-Diagnosing. That's Good and Bad.

By Sarah Gundle, Guest Columnist

 

 

 

 

Note to Feds: Don’t Destroy Google

Editorial Board

What Trump and MBS Want From Their Meeting

1:30

After Driving Down Oil, Saudi Arabia’s MBS Looks for Trump Dividend

David Paul Morris/Bloomberg

Americans Embrace Road Trips as Economic Fears Discourage Flying

Adding to the allure of road trips, oil prices have dropped to near a four-year low, pushing down gasoline costs.

Low-Income US Families Face Growing Gap Between Earnings, Costs

India-Pakistan Tensions

CeasefireThe HistoryTrump's Truce

8:00

Watch: India's Diplomat Ambule On India-Pakistan Conflict

The Big Take

Trump Truce Leaves India Furious, Pakistan Elated

When Trump announced India and Pakistan had agreed to a ceasefire, he caught one side off guard — Prime Minister Modi and his government.

India Envoy Rejects US Calls for Mediation in Kashmir Issue

Latest

18 min

UK and EU Still Haggling Over Fish and Food Days Before Summit

21 min

Germany’s Solar Power Generation Surges to a Fresh Record

28 min

Hungary Freezes Some Spending After Budget Gap Hits $8 Billion

30 min

Bain to Buy Nissin Shares to Go Private in $756 Million Deal

40 min

This 30-Year-Old’s Startup Is Bringing Leverage to 401(k) Savers

40 min

Polestar Trims Losses on Cost Cuts, Sales of High-Margin Models

See all latest

Listen, Watch and Catch Up

Watch (1:20)

Who Is Pope Leo XIV?

Watch (10:30)

Can You Americanize the Premier League?

Newsletter: Morning Briefing: Americas

US, China Agree to Lower Tariffs in Temporary Trade Truce

Newsletter: Economics Daily

US and China Step Back From Decoupling Brink

Newsletter: Tech In Depth

The iPhone Is a Nicer Place With Fewer Restrictions After Ruling

Newsletter: Supply Lines

The Polite Ways Companies Say Trump Tariffs Hurt

Bloomberg News Now

Listen to the latest: Stocks Surge on US-China Tariff Deal, Pharma Shares Tumble, More

6:10

updated 1 hr ago

CrowdStrike CEO Cuts His Voting Power by 92% With Unexplained Gifts

Apple Weighs Raising IPhone Prices in New Lineup, WSJ Says

This 30-Year-Old’s Startup Is Bringing Leverage to 401(k) Savers

Businessweek

Trump’s Immigration Crackdown Hinges on Small Towns Hooked on Private Prisons