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Sen. Cory Booker is delivering a marathon speech critical of President Donald Trump, holding the Senate floor overnight as he and other Democrats seek to address the clamor among party loyalists to fight harder and more visibly against administration policies.

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American Bitcoin Corp., the crypto mining venture announced this week between Hut 8 Corp. and an investor group that includes two sons of US President Donald Trump, plans to eventually go public as well as to seek additional private capital.

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Tesla Struggles in China (www.bloomberg.com)
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Junheng Li, CEO and founder of JL Warren Capital, says Tesla has been slow to release new products in China and that’s impacting the company's Chinese market share. Li joins Caroline Hyde on “Bloomberg Technology.” (Source: Bloomberg)

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Chips Act Grants in Limbo (www.bloomberg.com)
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Commerce Secretary Howard Lutnick signals he may withhold Chips Act grants as a way to compel semiconductor makers to boost manufacturing promises in the US. Bloomberg’s Peter Elstrom discusses the possible impact with Caroline Hyde on “Bloomberg Technology.”  (Source: Bloomberg)

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BGC Group Inc., a financial firm controlled by the billionaire Lutnick family, bought brokerage OTC Global Holdings for $325 million in cash to expand its presence in energy and commodities.

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Trump Organization Executive Vice President, American Bitcoin Chief Strategy Office Eric Trump says there's virtually no communication with President Trump about crypto, and says his father 'fell in love' with the industry. He speaks with Sonali Basak and Tim Stenovec on "Bloomberg Crypto." (Source: Bloomberg)

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President Donald Trump’s sweeping tariffs will take immediate effect after they are announced Wednesday, his top spokeswoman said. Trump is expected to speak at 4 pm ET in the White House Rose Garden. Bloomberg News Chief Geoeconomics Analyst Jennifer Welch is on "Balance of Power." (Source: Bloomberg)

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It’s official: Nassef Sawiris, Egypt’s richest person, has quit Britain.

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The US economy is extraordinary because of its dynamism. And no one president should be able to undo that, explains Bloomberg Opinion Columnist Allison Schrager. (Source: Bloomberg)

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The US economy is extraordinary because of its dynamism. And no one president should be able to undo that, explains Bloomberg Opinion Columnist Allison Schrager. (Source: Bloomberg)

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Electric vehicle maker Rivian is spinning out a startup focused on small EVs designed for short trips, with investment from venture capital firm Eclipse. Rivian CEO RJ Scaringe and Eclipse partner Jiten Behl speak with Caroline Hyde on “Bloomberg Technology.” (Source: Bloomberg)

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Princeton University says the Trump administration has frozen several research grants for the school, and officials don't know why it happened. Princeton President Chris Eisgruber says the school is ready to cooperate with the White House and reaffirmed its intention to fight antisemitism on campus. Funding has also been frozen at Columbia and Harvard. Eisgruber speaks to Bloomberg's David Gura. (Source: Bloomberg)

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One of California’s most famed art institutions, the Getty, is turning to the bond market for $500 million to help preserve its masterpieces as the state prepares for another fire-prone summer.

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submitted 2 months ago by [email protected] to c/[email protected]

Trump Organization Executive Vice President, American Bitcoin Chief Strategy Office Eric Trump says "there is nothing that DeFi, there is nothing that cryptocurrency on blockchain can't do better, cheaper, in every way faster, more transparently, than the financial system we have right now." He speaks with Sonali Basak and Tim Stenovec on "Bloomberg Crypto." (Source: Bloomberg)

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Apollo Global Management Inc. is trying to woo wealthy investors to one of its newest private market funds and keep them there with a rare offer — a bonus if they stick around for three years.

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A panel of South African lawmakers approved a fiscal framework that underpins the national budget, while calling on Finance Minister Enoch Godongwana to relook at his proposal to increase value-added tax.

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Royal Bank of Canada has hired longtime Citigroup Inc. dealmaker Rob Jurd as its head of industrial investment banking in Europe, according to people familiar with the matter.

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submitted 2 months ago by [email protected] to c/[email protected]

President Donald Trump has pardoned Arthur Hayes, Benjamin Delo and Samuel Reed, the three co-founders of the storied crypto exchange BitMEX, according to a person familiar with the matter. The three co-founders were charged in 2020 with violating the Bank Secrecy Act, pleaded guilty in 2022, and were sentenced to probation. Bloomberg News' Stephanie Lai has the story. (Source: Bloomberg)

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The Trump family is launching a Bitcoin mining-focused venture with Hut 8 Corp., called American Bitcoin Corp., which will focus on Bitcoin mining and "strategic Bitcoin reserve development." Eric Trump will serve as the chief strategy officer for American Bitcoin. Asher Genoot is the Hut 8 CEO. Eric Trump says there are no conflicts of interest with the White House or his father, President Donald Trump. They speak on "Bloomberg Crypto." (Source: Bloomberg)

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Get a jump start on the US trading day with Matt Miller, Katie Greifeld and Sonali Basak on "Bloomberg Open Interest". Frustration and fatigue hit Wall Street as investors brace for Trump's tariff rollout--the biggest risk confronting the market in years. Automakers make a last-ditch effort to sway the Trump administration; US factory activity shrinks for the fist time this year; US chip grants are in limbo. Big Goldman Bonuses for its top leaders draw scrutiny; Genco CEO John Wobensmith joins the C-Suite on how a proposed US trade measure could hit the US shipping industry. (Source: Bloomberg)

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Barclays Plc has rehired Deutsche Bank AG managing director Jason Short to cover West Coast-based financial sponsors as the British bank aims to bolster its investment banking efforts.

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New York City Comptroller Brad Lander, the investment adviser to the city’s five pension funds, accused Tesla Inc. of misrepresenting chief executive officer Elon Musk’s involvement in the company.

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European stocks rebounded, snapping four days of losses, as investors maintained their focus on upcoming US tariffs.

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Meta’s Joelle Pineau, the vice president leading Meta’s Fundamental AI Research group, known as FAIR, announced plans Tuesday to leave the company. Her departure creates a high-level vacancy just as Meta seeks to invest and compete aggressively in AI. Kurt Wagner reports on Bloomberg Television. (Source: Bloomberg)

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US Commerce Secretary Howard Lutnick has emerged as a key player in determining the future of United States Steel Corp., holding back-to-back meetings with rival bidders for the American steelmaker over the past week.

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