$1.25 Trillion Musk Merger, UK Fears ‘Made in Europe’, Reform’s First Big Test

$1.25 Trillion Musk Merger, UK Fears ‘Made in Europe’, Reform’s First Big Test

Your morning briefing. All the news you need to start your day

On today's podcast:

(1) Elon Musk is combining SpaceX and xAI in a deal that values the enlarged entity at $1.25 trillion, as the world’s richest man looks to fuel his increasingly costly ambitions in artificial intelligence and space exploration.

(2) Documents released by the US Department of Justice appear to show that Britain’s Peter Mandelson leaked sensitive government information to disgraced financier Jeffrey Epstein while serving as a minister.

(3) France’s parliament adopted a budget for 2026 after Prime Minister Sebastien Lecornu survived two no-confidence votes Monday, bringing the curtain down on months of political upheaval that’s rattled investor confidence in the country.

(4) The UK government is increasingly concerned that more protectionist policies pursued by the European Union could exclude British companies from supply chains in key sectors, derailing a reset in post-Brexit relations and potentially costing firms billions of pounds.

(5) President Donald Trump said he would roll back punitive tariffs on India in return for an agreement that Prime Minister Narendra Modi would stop buying Russian oil, easing months of tension between the two countries.

Podcast Conversation: From New York to London, There's Now a Martini on Every Menu

Here's Why Outer Space Is the Next Frontier For Data Centers

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Gaza Evacuation Call & US Bank Earnings

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Gaza Ground Offensive Looms & Barclays CEO Talks Earnings

Gaza Ground Offensive Looms & Barclays CEO Talks Earnings

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Israel Masses Forces & Starmer Invokes Blair

Israel Masses Forces & Starmer Invokes Blair

On today's podcast:(1) The combined death toll from the conflict between Israel and Hamas is now over 2,000. (2) Israel's military said it's building a base for thousands of soldiers in preparation fo...

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Israel Response, Reserve Call Up, Labour Conference

Israel Response, Reserve Call Up, Labour Conference

On today's podcast:(1) More than 900 Israelis, mostly civilians, are now known to have died in Hamas's attacks at the weekend. Nearly 700 Palestinians have been killed during retaliatory strikes. (2) ...

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Israel-Hamas Conflict & Labour's Great Expectations

On today's podcast:(1) The death toll from the conflict between Israel and the militant group Hamas has passed 1,100. (2) The Hamas incursion was Israel's worst military and intelligence failure in 50...

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Bloomberg Daybreak Weekend: Speaker Battle, CPI, China

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including a preview of the upcoming CPI data, the battle to become speaker of...

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$500bn Of Debt, Sweden's Headache & A Labour Win

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On today's podcast: (1) Corporate firms are ignoring the Fed and bingeing on debt (2) Mary Daly says the recent jump in bond yields offers a reason to hold rates steady. (3) The UK Labour party has ta...

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'Bond King' Talks Selloff, Property Peril & CEO Pay

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On today's podcast:(1) Global bonds are doomed to keep falling unless we see a sustained slump in equities - according to analysts from Barclays. (2) Bill Gross says stocks are "clearly overvalued" an...

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