$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

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Daybreak Weekend: Nvidia Preview, Germany’s Economy, Japan’s Next Leader

Daybreak Weekend: Nvidia Preview, Germany’s Economy, Japan’s Next Leader

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 U.S GDP and Core PCE data, and Nvidia earnings. In the UK ...

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Harris 'President For All Americans' Speech, Ueda Plans & Mike Lynch Confirmed Dead

Harris 'President For All Americans' Speech, Ueda Plans & Mike Lynch Confirmed Dead

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Vice President Kamala Harris formally accepted the Democratic presidential nomination on Thursday, deliver...

23 Aug 202417min

Some Banks Got Jobs Data First & Russia's ‘Junk’ Shadow Fleet

Some Banks Got Jobs Data First & Russia's ‘Junk’ Shadow Fleet

Your morning briefing, the business news you need in just 15 minutes.   On today’s podcast:  (1)  At least three banks managed to obtain key payroll numbers Wednesday while the rest of Wall Street was...

22 Aug 202416min

Bond Traders Take Record Risk, Obama Energizes Democrats & No Gaza Cease-Fire

Bond Traders Take Record Risk, Obama Energizes Democrats & No Gaza Cease-Fire

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Bond traders are taking on a record amount of risk as they bet big on a Treasury market rally fueled by exp...

21 Aug 202416min

Biden Passes The Torch, UK Tech Tycoon Missing, & Ceasefire Proposal

Biden Passes The Torch, UK Tech Tycoon Missing, & Ceasefire Proposal

Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) President Joe Biden delivered an emotional and bittersweet call for Democrats to rally behind Kamala Harris...

20 Aug 202416min

Ukraine Aims Revealed, Kamala's Convention Showcase & Property Inquiries Rise

Ukraine Aims Revealed, Kamala's Convention Showcase & Property Inquiries Rise

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Ukraine's President Zelenskiy says the aim of Ukraine's incursion into Russian territory is to create a "b...

19 Aug 202416min

Daybreak Weekend: Jackson Hole Preview, UK Immigration, Tim Walz’s China History

Daybreak Weekend: Jackson Hole Preview, UK Immigration, Tim Walz’s China History

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 next week’s Jackson Hole Symposium and Target earnings. In...

17 Aug 202439min

Chinese EVs Lose Ground, Traders Shred Bets & 42M Tonnes of Rubble

Chinese EVs Lose Ground, Traders Shred Bets & 42M Tonnes of Rubble

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) European Union tariffs slowed the influx of Chinese-made electric vehicles in July, as the bloc moved to pro...

16 Aug 202418min

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