Wall Street’s rebound attempt failed, . .U.S. Issues New Russia Oil Waiver as Iran War Crunches Supplies. . .DOJ Creates $1.8 Billion SLUSH Fund Under Trump IRS Settlement Accord

 

 

Oil Rises

CO1

+2.54%

CL1

+2.86%

Markets Wrap

Stocks Fall, Oil Rises as Hormuz Deal Hopes Fade

Wall Street’s rebound attempt failed, with stocks falling as oil climbed after doubts resurfaced about an imminent US-Iran deal.

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US and Iran Still at Odds Despite Renewed Diplomatic Efforts

US Issues New Russia Oil Waiver as Iran War Crunches Supplies

 

Elon Musk Loses Case Against Sam Altman Over OpenAI’s Future

The jury rejected Elon Musk’s claims that OpenAI under Sam Altman’s leadership betrayed its mission to benefit the public.

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Musk’s xAI Fails to Pay Staff $420 for Giving Their Tax Returns to Grok

Trump’s Second Term

War With IranIRS LawsuitTrump’s Financial Disclosures

Samuel Corum/Bloomberg

DOJ Creates $1.8 Billion Fund Under Trump IRS Settlement Accord

White House Reviews Ban on Trading Through Best Price on Stocks

White House to Announce TrumpRx Expansion With Mark Cuban

Michael Nagle/Bloomberg

 

 

 

 

 

 

Dimon, Solomon to Meet With Mamdani as Mayor Pushes Higher Taxes

The sessions are the latest in a string of conversations the New York City mayor has held with prominent business leaders.

LIRR Strike Jams Roads, Prompts Long Commutes as Talks Continue

Analysis

NextEra-Dominion Deal Signals New Wave of AI Utility Mega-Mergers

D

8.79%

NEE

5.41%

5.33%

NextEra’s Mega-Utility Deal to Shore Up Its Credit Profile

Bloomberg Opinion

NextEra’s $118 Billion Deal Will Define the AI Power Boom

By Liam Denning, Columnist

Sometimes Andrew Left Was Right

By Matt Levine, Columnist

Trump’s Immigration Rebrand Is Facing Long Odds

By Erika D. Smith, Columnist

DEI Isn’t Dead. But It’s Not Really Alive, Either

By Beth Kowitt, Columnist

G 

 

abby Jones/Bloomberg

 

 

 

 

 

 

 

 

 

Exclusive

Anthropic Sends Jolt Through Market for Buying Shares in Hot Pre-IPO Startups

Anthropic's crackdown on secondary sales of its shares has left investors worrying that their holdings are worthless.

Related

SpaceX IPO Will Add Another Musk Stock. It’s a Problem for Tesla

Apple Readies AI Writing Help, App Shortcuts and Wallpapers for iOS 27

Elijah Nouvelage/Bloomberg

 

 

 

 

 

 

 

 

 

Delta to Prioritize Global Expansion Over Domestic Transactions

CEO Ed Bastian said he’ll sit out consolidation in the US aviation market and instead focus on expanding abroad through partnerships.

DAL

0.03%

Delta CEO Says Amazon’s Tech, Pricing Beat Musk’s Starlink

War in Ukraine

Russian DisinformationImpasse Over TerritoryPutin’s War Budget

Sergiy Maidukov for Bloomberg

The Big Take

Ukraine’s Wartime Economy Has One Hedge Fund Holding the Keys

VR Capital has built a powerful position in Ukrainian bonds, giving it enormous influence as companies key to the war effort try to restructure their debt.

Ukraine Says It’s Unsure of US Stance on Russia Oil Sanct

Clear Street CEO Exits, Firm Cuts Jobs After Scrapped IPO Plans

American Missionary Has Ebola; US Bans Travel From Stricken Area

Uber Boosts Stake in Delivery Hero, Says No Takeover for Now

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• Africa

  • Ghana Seeks 30% of Large Gold Mines’ Output For Local Refineries

    
  • Ebola Case in Rebel-Held Goma Complicates Congo Relief Response

    
  • Zambia Forms Gold Venture to Formalize Mining, Build Processing

    
  • Tankers Entering Hormuz During Iran War Are Making Their Way Out

    
  • Zambia Seen Reaping Record Corn Harvest, Bringing Gains and Risk

    
• Energy

  • Clear Street CEO Exits, Firm Cuts Jobs After Scrapped IPO Plans

    
  • Ramaco CEO Faults China Steel Dumping for Met-Coal Miners’ Woe

    
  • NextEra’s Mega-Utility Deal to Shore Up Its Credit Profile

    
  • US and Iran Still at Odds Despite Renewed Diplomatic Efforts

    
  • Opinion

    NextEra’s $118 Billion Deal Will Define the AI Power Boom

    
• AI

  • Elon Musk Loses Case Against Sam Altman Over OpenAI’s Future

    
  • Apple Readies AI Writing Help, App Shortcuts and Wallpapers for iOS 27

    
  • Dell Adds 1,000 Clients for AI Servers, Targets Corporate Users

    
  • EU Selects EQT to Manage New €5 Billion Technology Fund

    
  • Seagate Slips as CEO Says New Factories Would ‘Take Too Long’

    
• Deals

  • Uber Boosts Stake in Delivery Hero, Says No Takeover for Now

    
  • Spain’s ACS Offers €2.2 Billion Stake to Fund Data Center Plans

    
  • Anthropic Sends Jolt Through Market for Buying Shares in Hot Pre-IPO Startups

    
  • Morgan Stanley Poaches JPMorgan’s Bladt in German M&A Push
  • Citi, BlackRock’s HPS Sign €15 Billion Private Credit Agreement

    
• Inflation

  • Vanguard Favors Treasuries as 10-Year Yields Near Range Top

    
  • Brazil’s Government Now Sees Inflation Soaring Past Target for Longer on Iran War

    
  • Investors Flock to Commodity ETFs as Iran War Fuels Energy Inflation

    
  • Chile Economy Shrinks Despite Investor Optimism Over Kast Government

    
  • US Stocks Dip as Investors Eye Inflation, Chips Stocks Retreat

    
• Automotive

  • SpaceX IPO Will Add Another Musk Stock. It’s a Problem for Tesla

    
  • Ford in Talks to Supply Military Trucks in Europe, North America

    
  • US Lawmakers Plan New $130 Fee for Electric Vehicle Owners

    
  • India Tells State Banks to Use EVs, Video Calls to Cut Fuel Use

    
  • SpaceX’s Mega-IPO Puts a Price on the Fear of Missing Out

    
• Pharmaceuticals

  • White House to Announce TrumpRx Expansion With Mark Cuban

    
  • Vaccine Panel Charter Rescinded by HHS After Administrative Error

    
  • Lilly Rebuffed by Supreme Court on $194 Million Medicaid Award

    
  • Drug Companies Spurned by Supreme Court on Price Negotiation Law

    
  • Merck Eyes $6 Billion in Seven-Part Bond Sale for Terns Deal

    
• Crypto

  • Trafigura and Tether Are Discussing USDT Usage in Fuel Stations

    
  • Few Foreign Ships Seen in Hormuz Amid Reports of Iran’s Insurance Plan

    
  • Bitcoin Depot Goes Bankrupt, Signaling Demise of Crypto ATMs

    
  • Iran Starts Bitcoin-Backed Ship Insurance for Hormuz Strait

    
  • StanChart to Absorb Zodia Subsidiary’s Crypto Custody Business

    

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Can AI Drug Development Live Up to the Hype?

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Albert Edwards Believes Inflation Will Surge

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Martin Wolf on the Roots of Our Recent Chaos

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Ideas and Culture

Weekend NewsletterThe ForecastThe Interview

Kishore Mahbubani: ‘China Can No Longer Be Stopped’

Forget Healthspan. Midlife Men Face Pressure to Extend ‘Hotspan’

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CityLab

As the West Dries Out, a New Generation of Dams Rise

NYC Second-Home Tax to Use ‘Market Value’ as Hochul Seeks Fix

Man Accused of Running China Police Outpost in NY Convicted

LIRR Strike Looms as MTA, Unions Squabble Over Cash Payments

Technology

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Dell Adds 1,000 Clients for AI Servers, Targets Corporate Users

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Seagate Slips as CEO Says New Factories Would ‘Take Too Long’

Newsletter: Power On

Apple to Make Design Changes in macOS 27 to Address Tahoe Quirks

Newsletter: Tech In Depth

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Wealth

Nvidia Billionaire Mark Stevens Gifts $175 Million for New Bay Area Medical School

How to Prepare for More British Political Chaos

Twitter Backers’ Patience Repaid With $100 Billion SpaceX Stake

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Politics

UKEuropeMiddle EastAsia

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EU Ties Part of Ukraine €90 Billion Aid to Unpopular Tax Measure

Trump to Swear In Warsh as Fed Chair on Friday, White House Says

Burnham Rails Against Thatcher

Economics

Inflation & PricesIndicatorsCentral Banks

Dado Galdieri/Bloomberg

Brazil’s Government Now Sees Inflation Soaring Past Target for Longer on Iran War

Europe Must Stand Up for Itself in Global Economy, Germany Says

Burnham to Reject Any Change to UK Fiscal Rules If He Wins

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