FTC's Khan Says Amazon Suit Would Restore Competition
"This case is ultimately about competition, and competition that has been foregone because of Amazon's unlawful tactics," Federal Trade Commission Chair Lina Khan says in response to a question from Bloomberg's Washington Bureau Chief Peggy Collins about the lawsuit her agency filed against Amazon.com... #press
Biopharma's Tech Adoption Challenges
Life sciences-focused cloud startup Benchling has seen its business soar over the last few years, amid a renewed interest in biotech among investors. Benchling CEO Sajith Wickramasekara joins Caroline Hyde and Ed Ludlow to discuss the state of the global biopharma industry and its adoption of technology. He speaks on "Bloomberg... #press
Nikki Haley Says US Government Shutdown Would Be ‘Irresponsible’
Republican presidential contender Nikki Haley says she told lawmakers that a US government shutdown would be “irresponsible and inexcusable” — even as she urged her party to rein in spending. #press
Death, Divorce and Downsizing to the £7 Million London Fixer-Upper
And yet multiple buyers are interested. #press
Bloomberg Markets: The Close 09/22/2023
Romaine Bostick & Katie Greifeld bring you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street and tackle emerging markets regain luster, UAW expands strikes and the CFTC calls for digital assets pilot program. Guests Today: Michael Pond of Barclays, Christine... #press
Equities Continued Slump on Month - Beyond the Bell
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Jess Menton. (Source: Bloomberg) #press
Office Fear, Fed Keep Buyers of Lower-Rated Commercial Mortgage Bonds On Sidelines
Spreads on lower-rated commercial mortgage-backed securities widened over the summer as traditional buyers of the debt wait for more clarity on the outlook for interest rates and office valuations. #press
European Stocks Slip as Higher-for-Longer Woes Hit Risk Appetite
European stocks fell as risk sentiment took a hit on worries that interest rates will remain high for longer than previously expected. #press
Thirty Buyers Snapped Up 8,000 South Korea Homes in Five Years
Just 30 people bought 8,000 homes in South Korea over the past five and half years, despite the government’s efforts to curb demand for multiple home ownership. #press
Expect UK Recession Later in 2023: Kochugovindan
Abrdn Senior Research Economist Sree Kochugovindan says the UK outlook is quite weak for rest of the year and expects this to continue well into next year. She also sees the BOE split as a sign of concern about weaker growth. She speaks to Bloomberg's Tom Keene, Lisa Abramowicz and Jonathan Ferro on "Bloomberg... #press
Gores’s Platinum Hires Ontario Teachers’ Sobti as Asia Head
US private equity firm Platinum Equity LLC hired Amit Sobti to head its Asia business as it pushes to expand dealmaking in the region. #press
Labour May Be Winning Over the City
Keir Starmer has been courting the business and finance elite in a campaign similar to that of former UK prime minister Tony Blair. #press
Australia Considers AT1 Bond Reform to Strengthen Financial Sector
Australia’s banking regulator is looking at how to improve Additional Tier 1 bonds, saying this year’s international banking crisis showed they only soak up losses at a “very late stage.” #press
Credit Risk Gauge Rises as Market Digests Hawkish Pause
A key measure of perceived risk in the US corporate bond market hit daily highs Wednesday after the Federal Open Market Committee announced its plans to hold steady its benchmark interest rate, further pushing its higher-for-longer narrative. #press
Taiwan’s Former Top Cop Wants China Talks If Voted President
One thing Hou Yu-ih wants Taiwan’s voters to know about him as they prepare to elect a new president is that he used to be a great cop. #press
Sweden’s Property Hopes Dashed as Convertible Bond Sale Pulled
A tentative funding revival in Sweden’s commercial property sector suffered a setback on Wednesday after a landlord was forced to scrap a convertible bond sale owing to a lack of demand. #press
Luxury Nikki Beach to Open Homes in Newest UAE Billionaire Haven
An international luxury beach club is tying up with a United Arab Emirates-based developer to bring branded residences to Ras Al Khaimah, a city about 45 minutes from Dubai that’s increasingly positioning itself as a haven for high net worth individuals. #press
UBP Says Likely to See Upside Risks in Dollar-Yen
Peter Kinsella, global head of foreign exchange strategy at Union Bancaire Privee, talks about the Japanese yen, the Chinese yuan and central banks' policies. He speaks with Haidi Stroud-Watts and Shery Ahn on "Bloomberg Daybreak: Asia." (Source: Bloomberg) #press
Australia Ends Fight to Eradicate Bee Killer After Rapid Spread
Australia has given up the fight to eradicate a deadly parasite that’s ravaged bee populations across the world after the pest spread rapidly across New South Wales, the nation’s largest honey-producing region. #press
Marketing Firm Klaviyo Prices IPO Shares at $30 Each
Marketing and data automation provider Klaviyo Inc. priced shares in its initial public offering at $30 each, above a marketed range, according to people familiar with the information who asked not to be identified because it wasn’t public yet. #press
