Maersk Cuts Forecast for Global Trade as Destocking Lasts Longer
A.P. Moller-Maersk A/S, a bellwether for the world economy, lowered its estimate for global container trade, saying there are no substantial signs that volumes will recover this year. #press
PBOC Chief Meets With Property Developers, Vows Funding Help
China’s central bank said it would increase funding support for the private sector after meeting with executives from the property industry, identifying several companies by name in a statement that underscores growing urgency among regulators to boost market confidence. #press
Amazon, Apple Report, Trump Pleads Not Guilty (Podcast)
Source: Bloomberg, 54:33 #press
Expedia CEO Peter Kern Talks Consumer Health (Podcast)
Source: Bloomberg, 7:02 #press
Tiger Global Built Large Stake in Apollo This Year, FT Reports
Tiger Global has built a large stake in Apollo Global Management Inc. this year as part of a push into investments outside of technology, the Financial Times reported. #press
AstraZeneca, Sanofi RSV Drug Wins Backing From CDC Panel
A drug from AstraZeneca Plc and Sanofi to protect infants against a potentially fatal respiratory illness won backing Thursday from US public health advisers, moving it closer to being administered alongside other childhood immunizations. #press
BofA CEO Brian Moynihan Talks Consumer Spending (Podcast)
Source: Bloomberg, 13:21 #press
Private Equity Firm Advent Pauses Subway Pursuit as Auction Process Drags On
Advent International has stopped working on a potential deal for Subway as the auction of the sandwich chain drags on, according to people familiar with the matter. #press
Karin Matussek On How To Catch a Trader (Audio)
Source: Bloomberg, 4:56 #press
China’s Kweichow Moutai Reports 21% Jump in First Half Profits
Chinese liquormaker Kweichow Moutai Co. reported net income surged 21% in the first half of the year, results that may help extend a rally in the nation’s consumer stocks. #press
Fitch Fallout: The Bloomberg Close, Europe Edition
Good afternoon. Here’s what you need to know to end your day. #press
KKR, JIC Shortlisted for Fujitsu’s $2.7 Billion Stake in Shinko Electric, Sources Say
Apollo Global Management Inc., Bain Capital and KKR & Co. are among suitors shortlisted in the bidding for Fujitsu Ltd.’s controlling stake in chip packaging unit Shinko Electric Industries Co., people familiar with the matter said. #press
Wall Street Reaped Ruble Fortune on Clients Fleeing From Russia
Wall Street chiefs seeking to explain recent steep drops in trading revenue have reminded investors how lucrative things were a year ago: Goldman Sachs Group Inc. President John Waldron called 2022 “particularly strong.” Citigroup Inc. boss Jane Fraser said “everything was firing... #press
UK Rates Not ‘End of the World,’ Itsu Boss Says (Podcast)
Source: Bloomberg, 21:44 #press
Credit Suisse to Shutter Houston Office as Part of UBS Takeover
Credit Suisse Group AG is closing its office in Houston as part of the bank’s emergency takeover by UBS Group AG, according to people with knowledge of the situation. #press
The Business of Bad Medicine
Bloomberg Investigations explores how porous regulations and manufacturing shortcuts allow dangerous drugs to circulate around the world. #press
Instant Reaction: Donald Trump Indicted
Source: Bloomberg, 12:41 #press
Instant Reaction: Donald Trump Indicted
Source: Bloomberg, 12:41 #press
Instant Reaction: Donald Trump Indicted
Source: Bloomberg, 12:41 #press
AI Picks and Shovels (Podcast)
Source: Bloomberg, 39:18 #press
https://www.bloomberg.com/news/audio/2023-08-01/ai-picks-and-shovels-podcast?utm_source=press.coop