India’s federal food regulator issued a notice to the joint venture between Dr. Reddy’s Laboratories Ltd. and Nestle India Ltd. for misleading and ambiguous claims about its GLP-1 supplement.
Andy Burnham said the Premier League case against Manchester City should be “fully independent,” after the British prime minister faced criticism about earlier remarks that appeared to signal support for the football club’s UAE-based owners.
The Trump administration is launching investigations into the use of foreign exchange visa programs at nine top colleges including Harvard University, Stanford University and the Massachusetts Institute of Technology, in its latest broadside against international students and scholars at elite schools.
The Trump administration accused Microsoft Corp., Adobe Inc. and a half-dozen other companies of abusing a US worker visa program and suspended them indefinitely from a longstanding immigration initiative that’s served as a crucial talent pipeline for Silicon Valley and Wall Street.
Jennifer A. Dlouhy, Matt Day and Alicia A. Caldwell
President Donald Trump acquired at least seven-figure stakes in Meta Platforms Inc., McDonald’s Corp. and Microsoft Corp. and at least $1 million in SpaceX debt in August, continuing his unprecedented trading activity while in office.
Nela Richardson, ADP chief economist and ESG officer, says the US labor market appears stable, and is hotter than people give it credit for. She also says on "Bloomberg Surveillance" that overtime hours on manufacturing floors are picking up. (Source: Bloomberg)
Amos Hochstein, a former top energy advisor to President Joe Biden, says there's a secret war going on in Iran. He says oil tankers are still being attacked in the Strait of Hormuz, but there's been no reporting on it. He says President Donald Trump doesn't have many good options left in Iran. (Source: Bloomberg)
An adviser to former President Joe Biden said the Iran war is a significant vulnerability for Republicans and cast doubt on the political logic of escalating the conflict before the midterm elections.
Ari Natter, Annmarie Hordern, Jonathan Ferro and Lisa Abramowicz
US Secretary of State Marco Rubio said Portugal and the rest of Europe should not rely on a single country such as China for key goods, as Washington seeks to limit Beijing’s influence in strategic sectors.
Russia’s military spending is on track to hit a record this year after Vladimir Putin added almost $60 billion to the costs set out in the budget. Greg Sullivan explains. (Source: Bloomberg)
Germany’s anti-capitalist Left party took a step closer to power in the state of Berlin after its election victory last month as it seeks to follow through on a pledge to ease rising rents by seizing large property portfolios from private owners.
Credit Suisse’s former head of investment banking in Brazil. The chief economist at Latin America’s largest investment bank. The ex-head of the central bank. A senior executive at Bank of America Corp.
Airlines are canceling hundreds of flights to Riyadh after Houthi militants struck two Saudi Arabia airports in recent days, killing three people and injuring dozens.
Slovak Prime Minister Robert Fico called for the immediate removal of a statue mocking US President Donald Trump from the European Parliament’s premises in Strasbourg.
US equity futures drop and oil rises after a report that the White House asked the Pentagon to draw up strike options against Iran that could be executed before the midterm elections. Samsung posts a nearly nine-fold rise in quarterly operating profit, while TSMC’s sales jump 51%, but the results fail to impress investors. Cayla Seder of State Street discusses the shift in investor behavior. (Source: Bloomberg)
European natural gas prices rose following a report the White House asked the Pentagon to develop strike options against Iran that could be executed before the midterm elections next month.
Michele Della Vigna, Head of Natural Resources Research in EMEA at Goldman Sachs, says Europe is not well prepared for winter in the energy market with risks skewed to the upside.
"In Europe, natural gas drives 60% of the price of power for 60% of the time. And in some countries, the UK, Italy, Germany, for 80% plus of the time. So all of this ultimately feeds through industrial competitiveness and the consumer's disposable income," he said.
Della Vigna discusses the energy market impacts and risks from conflicts in the Middle East on "The Pulse with Francine Lacqua." (Source: Bloomberg)
Oil gained after a report that the White House asked the Pentagon to draw up strike options against Iran that could be executed before the midterm elections.
Brent climbed above $102 a barrel, while West Texas Intermediate traded near $90. The report in The Atlantic cited two administration officials, and runs counter to a widespread assumption that President Donald Trump would hold off on escalating the conflict with Tehran before the polls next month.
Marine Le Pen has reasserted her hold on the National Rally party since courts cleared her to run for the highest office, with differences over policy and style emerging in public view.
"The Opening Trade" has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)
