$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(1039)

France Faces 'Moment of Truth', Elon Musk's Fortune & Biometric Border System Woes

France Faces 'Moment of Truth', Elon Musk's Fortune & Biometric Border System Woes

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) French Prime Minister Michel Barnier warned lawmakers that France has reached its "moment of truth," as far-...

3 Des 202419min

Biden Pardons Son Hunter, France 'Won't Be Blackmailed' & Europe's Sick Day Problem

Biden Pardons Son Hunter, France 'Won't Be Blackmailed' & Europe's Sick Day Problem

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) President Joe Biden has signed a sweeping pardon for his son Hunter Biden, reversing his previous stance tha...

2 Des 202422min

Daybreak Weekend: Jobs Preview, Poland Election, Trump Tariffs

Daybreak Weekend: Jobs Preview, Poland Election, Trump Tariffs

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US - a preview of the November jobs report and oil outlook. In the UK - a pr...

30 Nov 202438min

Macro Traders' Terrible Year, Le Pen Makes Demands & From Citi Trading to Cattle Trading

Macro Traders' Terrible Year, Le Pen Makes Demands & From Citi Trading to Cattle Trading

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) The world’s banks are on track to report the lowest revenue from foreign-exchange and rates trading since th...

29 Nov 202417min

Update: French Budget Crisis Risk, Trump Meets Zuckerberg & 130k Jobs At Risk

Update: French Budget Crisis Risk, Trump Meets Zuckerberg & 130k Jobs At Risk

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) French Finance Minister Antoine Armand said he is prepared to make concessions on the 2025 budget bill to av...

28 Nov 202421min

French Government Collapse Threat, US-China Chip Curbs & Europe Preps For New Cold War -

French Government Collapse Threat, US-China Chip Curbs & Europe Preps For New Cold War -

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) France’s banking stocks slid as a potential government collapse and deepening political crisis unsettled inv...

28 Nov 202416min

Israel Hezbollah Cease-Fire Begins, French Bond 'Storm' Warning & Bernard Arnault Blackmail Case

Israel Hezbollah Cease-Fire Begins, French Bond 'Storm' Warning & Bernard Arnault Blackmail Case

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Israel reached a deal for a 60-day cease-fire with the Lebanese militant group Hezbollah after weeks of talk...

27 Nov 202417min

Bonus Episode: Trump's New Tariff Vow 'Hugely Significant'

Bonus Episode: Trump's New Tariff Vow 'Hugely Significant'

President-elect Donald Trump has vowed additional tariffs on China as well as US neighbors Canada and Mexico. Trump said he would impose additional 10% tariffs on goods from China and 25% tariffs on a...

26 Nov 202413min

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