$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.

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Episoder(1034)

CMA Chief Talks New Microsoft-Activision Deal

CMA Chief Talks New Microsoft-Activision Deal

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) CMA Chief Executive Sarah Cardell joins to discuss Microsoft's new submission for its Activision bid(2) The ...

22 Aug 202314min

Arm Aims For A Blockbuster IPO & Reports Of Musk-Putin Call

Arm Aims For A Blockbuster IPO & Reports Of Musk-Putin Call

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) The UK-based tech giant Arm has filed to list its shares on the Nasdaq, in what's set to become the biggest ...

22 Aug 202315min

China Holds Back On Stimulus & Ukraine To Get F-16 Fighter Jets

China Holds Back On Stimulus & Ukraine To Get F-16 Fighter Jets

Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) Chinese banks have made a smaller-than-expected cut to their benchmark lending rate. (2) The Netherlands an...

21 Aug 202316min

Bloomberg Daybreak Weekend: Jackson Hole, China, Debate

Bloomberg Daybreak Weekend: Jackson Hole, China, Debate

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 look at the Fed's annual meeting in Jackson Hole. Plus, London ho...

19 Aug 202335min

China Property Crunch & Goldman's Hiring Spree

China Property Crunch & Goldman's Hiring Spree

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) China's state-owned developers warn of major losses as fears of contagion grow. (2) Bank of America strateg...

18 Aug 202316min

Fed Divisions & £5m Homes On Discount

Fed Divisions & £5m Homes On Discount

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Fed officials suggest inflationary risks may drive further interest rate hikes. (2) China's housing slump i...

17 Aug 202316min

UPDATE: UK Inflation Runs Hot & Muslims Lives Ruined By Debanking

UPDATE: UK Inflation Runs Hot & Muslims Lives Ruined By Debanking

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Higher than expected UK inflation has traders once again betting the Bank of England will hike rates to 6%....

16 Aug 202323min

Shadow Banking Crunch & Soros Foundation Shifts Focus

Shadow Banking Crunch & Soros Foundation Shifts Focus

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Chinese shadow bank Zhongrong has now missed payments on dozens of products and says it has no immediate pl...

16 Aug 202316min

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