$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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Episoder(1034)

UPDATE: UK Wages Surge & Trump Indicted For A Fourth Time

UPDATE: UK Wages Surge & Trump Indicted For A Fourth Time

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Record UK wage growth drives Bank of England rate bets to around 6%. (2) China's central bank cuts rates as...

15 Aug 202313min

China Cuts Rates & Trump Indicted For 4th Time

China Cuts Rates & Trump Indicted For 4th Time

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) China's central bank cuts rates as the country's economic headwinds multiply. (2) US Treasury Secretary Jan...

15 Aug 202316min

China Shadow Banking Woes & Musk Vs Zuckerberg Fight Latest

China Shadow Banking Woes & Musk Vs Zuckerberg Fight Latest

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) China growth concerns multiply over strains in sectors from property to shadow banking and hedge funds. (2)...

14 Aug 202316min

Bloomberg Daybreak Weekend: Retail, Inflation, Indictments (Podcast)

Bloomberg Daybreak Weekend: Retail, Inflation, Indictments (Podcast)

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 retail companies reporting earnings. Plus, inflation ...

12 Aug 202335min

UPDATE: UK Growth Surprise & UBS Exits Backstop Deal

UPDATE: UK Growth Surprise & UBS Exits Backstop Deal

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) The UK economy delivers its strongest quarterly growth in more than a year. (2) UBS ends its $10bn Credit S...

11 Aug 202318min

Biden: China Economy A 'Ticking Time Bomb' & UBS Exits Rescue Deal

Biden: China Economy A 'Ticking Time Bomb' & UBS Exits Rescue Deal

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) China's once-top builder turns into a penny stock as Biden calls the country's economy a "ticking time bomb...

11 Aug 202316min

UPDATE: Weight-Loss Drug Demand & A Political Assassination

UPDATE: Weight-Loss Drug Demand & A Political Assassination

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Drugs maker Novo Nordisk gets a boost from its breakthrough weight-loss drug Wegovy. (2) European gas price...

10 Aug 202317min

Gas Prices Surge & Disney Hikes Subscription Prices

Gas Prices Surge & Disney Hikes Subscription Prices

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) European gas prices hit a 17-month high as LNG workers in Australia vote to strike. (2) Disney raises price...

10 Aug 202316min

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