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The first word in business news. Our newsletters: http://bloom.bg/newsletters Our podcasts: http://bloom.bg/podcasts The Big Take podcast: http://trib.al/jtoXfuT ( feed imported by https://press.coop )

GM Throws Down Luxury SUV Gauntlet With $130,000 Cadillac Escalade IQ EV

A big part of General Motor's future is hinging on this massive, peacocking rig. #press

https://www.bloomberg.com/news/articles/2023-08-09/cadillac-escalade-iq-electric-suv-world-debut-specs-photos-price-range?utm_source=press.coop

Insulet CEO Hollingshead Talks Deals, Outlook in New Weight-Loss Drug Landscape

Hi, it’s Michelle Davis in New York with an interview with a CEO at a company to watch as a potential acquirer in the health space. We also break down what the Barstool deal means and a take-private in the beauty space. Today's top stories #press

https://www.bloomberg.com/news/newsletters/2023-08-09/insulet-ceo-hollingshead-talks-deals-outlook-in-new-weight-loss-drug-landscape?utm_source=press.coop

Private Credit Firms Build Cash Hoards to Gain Share of $5.2 Trillion Consumer Debt Market

Private credit firms are raising billions of dollars to grab a share of the $5.2 trillion market that includes US consumer debt, seizing on a growth opportunity while the industry’s traditional lenders are in disarray. #press

https://www.bloomberg.com/news/articles/2023-08-09/private-credit-builds-cash-hoard-to-take-on-consumer-debt-market?utm_source=press.coop

The Corruption Probe Rocking Altice, Billionaire Drahi’s Telecoms Empire

A criminal investigation in Portugal is sending shock waves through Altice, billionaire Patrick Drahi’s sprawling telecommunications empire. The probe into suspected corruption, money laundering and tax fraud has resulted in the suspension of about a dozen executives... #press

https://www.bloomberg.com/news/articles/2023-08-04/the-corruption-probe-rocking-altice-billionaire-s-drahi-s-telecoms-empire?utm_source=press.coop

US Allows Carriers to Extend NYC Flight Cuts Amid Air Congestion

Airlines that have reduced their flight schedules into New York’s congested airports to help limit gridlock this summer will be allowed to continue doing so without facing penalties. #press

https://www.bloomberg.com/news/articles/2023-08-09/us-allows-carriers-to-extend-nyc-flight-cuts-amid-air-congestion?utm_source=press.coop

Yellow Sparks Bidding War to Replace Apollo-Led Bankruptcy Loan

Yellow Corp. has sparked a bidding war between investment firms and a rival trucker interested in funding the now-shuttered company’s liquidation. #press

https://www.bloomberg.com/news/articles/2023-08-09/yellow-sparks-bidding-war-to-replace-apollo-led-bankruptcy-loan?utm_source=press.coop

The Stream’s Rising: The Bloomberg Close, Americas Edition

Good afternoon. Here’s what you need to know to end your day. #press

https://www.bloomberg.com/news/newsletters/2023-08-09/the-stream-s-rising-the-bloomberg-close-americas-edition?utm_source=press.coop

Price Hike: The Bloomberg Open, Asia Edition

Good morning. Disney raises the prices of its streaming services. Rice prices soar in Asia. And one in four Ferraris in China belongs to a woman. #press

https://www.bloomberg.com/news/newsletters/2023-08-09/price-hike-the-bloomberg-open-asia-edition?utm_source=press.coop

Occidental Names Strategy Head Sunil Mathew as CFO

Occidental Petroleum Corp. appointed strategy chief Sunil Mathew as chief financial officer, replacing Rob Peterson, who’ll now lead the company’s chemical division. #press

https://www.bloomberg.com/news/articles/2023-08-09/occidental-names-strategy-head-mathew-as-chief-financial-officer?utm_source=press.coop

Biden Limits Investment in Chinese Tech Sector

President Joe Biden imposed limits on US investments in China as part of a push to restrict the country’s ability to develop next-generation military and surveillance technologies that might threaten US national security. Bloomberg's Daniel Flatley reports on "Balance of Power." (Source: Bloomberg) #press

https://www.bloomberg.com/news/videos/2023-08-09/biden-limits-investment-in-chinese-tech-sector-video?utm_source=press.coop