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Exclusive

Witkoff Advised Russia on How to Pitch Ukraine Plan to Trump

A recording of a phone call between the US presidential envoy and a senior Kremlin official was reviewed and transcribed by Bloomberg.

Related

Trump Says Will See Putin, Zelenskiy When Deal in ‘Final Stages’

Witkoff Discusses Ukraine Plans With Key Putin Aide: Transcript

Al Drago/Bloomberg

 

 

 

 

 

 

 

 

 

 

 

 

 

Exclusive

Hassett Emerges as Frontrunner in Trump Fed Chair Audition

With Hassett, Trump would have a close ally whom the president knows well and trusts installed at the independent central bank.

Related

US Consumers Dial Back in Sign of Anxiety Heading Into Holidays

Traders Crowd Into Fed Futures Targeting a December Rate Cut

David Paul Morris/Bloomberg

HP Announces Job Cuts as Profit Outlook Falls Short of Estimates

The company said it will cut as many as 6,000 employees through fiscal 2028 by using more AI tools.

Dell Raises Annual Outlook for Shipments of AI Servers

Markets Wrap

Asian Stocks Set to Extend Gains on Fed Cut Hopes

Google, the Sleeping Giant in Global AI Race, Now ‘Fully Awake’

Robyn Beck/AFP/Getty Images

 

 

 

 

 

 

 

 

 

 

 

 

 

Exclusive

Warner Bros. to Ask Bidders to Submit Sweetened Offers

Paramount Skydance, Comcast and Netflix are all vying to buy some or all of Warner Bros.

Music Mogul Geffen Set for $500 Million From a Warner Bros. Sale

Bloomberg Opinion

Are Americans Losing Their Taste for Turkey?

Changing preferences are making the Thanksgiving staple cheaper.

By Jessica Karl, Columnist 

 

 

 

 

 

 

The GOP Tried Loyalty, Then Rebellion. Both Failed.

By Ronald Brownstein, Columnist

Take the Crypto Out of the Indexes

By Matt Levine, Columnist

Comey and James May Not Be in the Clear Just Yet

By Barbara McQuade, Columnist

Carsten Snejbjerg/Bloomberg

 

 

 

 

 

 

Medicare Negotiates 71% Discount on Novo’s Ozempic, Wegovy

Related

Novo Says New Diabetes Shot Spurs 14.5% Weight Loss

How Novo Nordisk Is Trying to Regain Its Weight-Loss Edge

Patrick T. Fallon/AFP/Getty Images

 

 

 

 

 

 

 

 

 

 

 

 

 

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Ackman’s Pershing Targets $5 Billion IPO for Closed-End Fund

Related

Wall Street Firms Fortress, Ares Face Total Loss on Portable-Toilet Deal

Altice USA Sues Apollo, Ares, BlackRock Over Cooperation Pact

Photo illustration: 731

The Big Take

The Electric Door Tesla Made Famous Is Now a Danger in Other Cars

Electric doors have locked owners out of their cars, or trapped them inside.

Earlier

Trapped Inside: Tesla’s Dangerous Doors

Latest

15 min

Gold Steady as Traders Weigh Hopes of US Rate Cut, Ukraine Peace

25 min

Medicare Negotiates 71% Discount on Novo’s Ozempic, Wegovy

30 min

Oil Holds Near Month-Low as Trump Hails Progress on Ukraine Deal

40 min

Enhanced Games to Go Public in $1 Billion US SPAC Merger

55 min

Couple Rakes in $9 Billion as AI Circuit Board Shares Soar 530%

60 min

A $1 Billion Hong Kong Endowment Forays Into Private Investment

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In Focus

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Listen, Watch and Catch Up

Newsletter: Evening Briefing: Americas

Another Consumer Sentiment Gauge Yields Anxiety

Newsletter: Washington Edition

As Holidays Approach, There’s Little Cheer for Consumers

Listen (17:49)

Big Take Asia: The Fallout From Japan’s Taiwan Support

Newsletter: Odd Lots

Nobody Expects the TPU Transition

Newsletter: Tech In Depth

China’s Top Companies Focus on AI Agents as Next Battleground

Newsletter: Supply Lines

Trump Forges Ahead With Tariff Plans Even as Small Importers Plead for Relief

Bloomberg News Now

Listen to the latest: New Fed Chair Frontrunner, Witkoff-Russia Call on Ukraine Plan

5:17

Updated 56 min ago

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Petrobras CEO Scores Big Win, But Hasn’t Dodged ‘Electric Chair’

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Can’t Look Away: The Case Against Social Media

A documentary film explores the real-world consequences of tech companies’ digital practices.

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FOIA Files Newsletter

Inside the FBI’s Review and Redaction of Epstein Files

Bolsonaro Begins Sentence Behind Bars as Downfall Deepens

Lilly Endowment Is First to Hit $100 Billion Mark on Stock Surge

Hegseth Ramps Up Attacks on Kelly Over Unlawful Orders Video

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  • Couple Rakes in $9 Billion as AI Circuit Board Shares Soar 530%

    
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Bloomberg Businessweek

Pulte’s Move to Fix Credit Scores Is Bad News for Homebuyers

Bill Pulte declared by tweet that homebuying costs would be lower if FICO had competition—a move that instead risks pushing credit-score prices higher.

By Victor Swezey 

 

 

 

 

More from this issue:

How an $11 Billion Beauty Company Built a Suburban EmpireThe Fight to Save the $2.7 Billion Botox EmpireThe Chatbot Delusions: Is AI Contributing to a Novel Mental Health Crisis?

Park Service Union Movement Spreads to Grand Canyon, Joshua Tree

Employees in dozens of park units are organizing to fight attempts by the Trump administration to downsize the agency.

The AI Industry Is Built on a Big Unproven Assumption

In addition to the projections about reaching artificial general intelligence and replacing millions of human workers, there’s the mundane matter of how long AI chips will last.

Target Needs More Than a Vibe Shift to Turn Its Business Around

The ailing retailer has lost its cheap-chic appeal. Can a new CEO get it back on its feet with his old boss next door?

Markets

Odd LotsETFsCryptoDeals

Matt Jelonek/Bloomberg

Gold Steady as Traders Weigh Hopes of U.S. Rate Cut, Ukraine Peace

Oil Holds Near Month-Low as Trump Hails Progress on Ukraine Deal

Enhanced Games to Go Public in $1 Billion US SPAC Merger

Newsletter: Odd Lots

Nobody Expects the TPU Transition

Newsletter: The Brink

Hidden Debt Brings Down Jeweler to the Rich

Technology

AICybersecurityScreentime

Na Bian/Bloomberg

U.S. - China Tension Fuels Decoupling in Tech Research, Study Shows

Japan-China Spat Clouds Anime Boom’s Momentum in China

Warner Music Settles Lawsuit With AI Music Startup Suno

Newsletter: Power On

Apple iOS 27 to Be No-Frills ‘Snow Leopard’ Update, Other Than New AI

Newsletter: Tech In Depth

China’s Top Companies Focus on AI Agents as Next Battleground

Wealth

Couple Rakes in $9 Billion as AI Circuit Board Shares Soar 530%

The UK Already Has Quite a Few Wealth Taxes

Crypto Crash Ruins Thanksgiving for Retail Traders Once Again

UK $3.3 Million Investor Visa Would Stem Exodus, Lawmakers Say

Politics

UKEuropeMiddle EastAsia

Fincantieri Marine Group

Navy Cuts Orders for Frigate Trump Once Touted as ‘Beautiful’

White House Denies Trump Considering Ouster of FBI’s Patel

UN Kicks Off Race for Next Leader With Call for Candidates

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Trump Administration Sued by States Over Homelessness Funds

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Putin Advisers Discuss Plans for Dealing With Trump: Transcript

Explainers

How Google’s TPUs Are Giving Nvidia a Run for Its Money

Trump Is Dismantling the Education Department. What’s at Stake.

How the K-Shaped Economy Is Hurting Everyone But the Rich

How US-Russia Peace Plan Would Carve Up Ukraine’s Territory

Industries

LegalEnergyHealth

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USDA’s Top Economist to Leave For Missouri Policy Institute

Aeromexico CEO Will Roll Out Business Economy Seats in 2027

UC Berkeley Faces Federal Probe After Turning Point Protest

Listen (25:41)

The Deal: Willow Bay

Newsletter: Business of Space

Hurdles Ahead for Bezos’ New Glenn Rocket

Green

New EnergyGreener LivingESG Investing

Emily Najera/Bloomberg

Tesla Co-Founder Straubel’s Battery Startup Redwood Fires Dozens

Climate Summits Are Working as They Were Designed: Poorly

How AI Can Help Reduce Wildfire Risks