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REG

Moderate Republicans Defy House Leaders in Health Subsidy Bid

A band of House Republicans joined several Democrats on Thursday to support a compromise plan to renew expiring health care subsidies amid fears from some swing-district GOP lawmakers an impending spike in insurance premiums will trigger a public backlash.

A band of House Republicans joined several Democrats on Thursday to support a compromise plan to renew expiring health care subsidies amid fears from some swing-district GOP lawmakers an impending spike in insurance premiums will trigger a public backlash.
Bloomberg Politics • Dec 4, 4:01 PM
CAP

IMF Sees Argentina Meeting Year-End Reserves Target Challenging

The International Monetary Fund urged Javier Milei’s government to build up its foreign reserves as it acknowledged Argentina meeting its end-year accumulation target will be “challenging.

The International Monetary Fund urged Javier Milei’s government to build up its foreign reserves as it acknowledged Argentina meeting its end-year accumulation target will be “challenging.”
Bloomberg Markets • Dec 4, 4:00 PM
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EU Reviews Tariffs on Volkswagen’s Made-in-China Electric SUV

The European Union is reviewing tariffs on an electric SUV that Volkswagen AG produces in China, raising the prospect of relief for the German automaker from the bloc’s heightened levies.

The European Union is reviewing tariffs on an electric SUV that Volkswagen AG produces in China, raising the prospect of relief for the German automaker from the bloc’s heightened levies.
Bloomberg Politics • Dec 4, 3:59 PM
CAP

Brazil Fuel Scheme Crackdown Sparks Rally in Distributor Shares

A sweeping crackdown on organized crime in Brazil’s energy sector is helping the country’s fuel distributors claw back business from illegal operators, sending their stock prices soaring.

A sweeping crackdown on organized crime in Brazil’s energy sector is helping the country’s fuel distributors claw back business from illegal operators, sending their stock prices soaring.
Bloomberg Markets • Dec 4, 3:58 PM
CAP

Michael Sacks Helps Fund Ads Against Chicago’s Big Payroll Tax

A group backed by financier Michael Sacks has started funding ads against Chicago’s plan to bring back a tax on large corporate payrolls, drawing the ire of Mayor Brandon Johnson.

A group backed by financier Michael Sacks has started funding ads against Chicago’s plan to bring back a tax on large corporate payrolls, drawing the ire of Mayor Brandon Johnson.
Bloomberg Markets • Dec 4, 3:46 PM
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David Rubenstein Show: Kevin Hassett

National Economic Council Director Kevin Hassett said he told President Donald Trump he would accept the nomination to replace Jerome Powell as Fed chair if the job was offered, adding that he would prefer a larger interest-rate cut when policymakers meet in December.

National Economic Council Director Kevin Hassett said he told President Donald Trump he would accept the nomination to replace Jerome Powell as Fed chair if the job was offered, adding that he would prefer a larger interest-rate cut when policymakers meet in December. He also discussed the negative impact of the recent government shutdown on GDP and the administration's strong legal standing on tariffs. Hassett appears on this week's episode of "The David Rubenstein Show:...
Bloomberg Politics • Dec 4, 3:39 PM
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Bond Investors Cast Doubt on Hassett as Fed Chair

Some bond investors are worried that Kevin Hassett would cut interest rates too aggressively according to the Financial Times.

Some bond investors are worried that Kevin Hassett would cut interest rates too aggressively according to the Financial Times. President Donald Trump has signaled Hassett will be his choice to replace Chair Jerome Powell. Ed Mills of Raymond James and Nela Richardson of ADP talk about Trump's choices on "Bloomberg Surveillance." (Source: Bloomberg)
Bloomberg Markets • Dec 4, 3:21 PM
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Nigel Farage’s Reform UK Party Opens Bank Account With Lloyds

Reform UK has opened an account with Lloyds Banking Group Plc, another sign that the party is moving into the mainstream just two years after Nigel Farage said his personal bank account was closed because of his political views.

Reform UK has opened an account with Lloyds Banking Group Plc, another sign that the party is moving into the mainstream just two years after Nigel Farage said his personal bank account was closed because of his political views.
Bloomberg Politics • Dec 4, 3:10 PM
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Nvidia Can't Degrade Chips That Go to China, Huang Says

Nvidia CEO Jensen Huang says his company cannot “degrade chips” that it sells to China and that he doesn’t know if China will accept H200 chips.

Nvidia CEO Jensen Huang says his company cannot “degrade chips” that it sells to China and that he doesn’t know if China will accept H200 chips. Huang visited lawmakers on Capitol Hill yesterday. Bloomberg's Ed Ludlow reports. (Source: Bloomberg)
Bloomberg Politics • Dec 4, 3:04 PM
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Trump, Sheinbaum to Meet for First Time at World Cup Draw

Mexico President Claudia Sheinbaum said she will hold a short in-person meeting with Donald Trump this week in Washington, as they continue to negotiate over US tariffs on her nation’s goods.

Mexico President Claudia Sheinbaum said she will hold a short in-person meeting with Donald Trump this week in Washington, as they continue to negotiate over US tariffs on her nation’s goods.
Bloomberg Politics • Dec 4, 2:59 PM
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Trump, Sheinbaum to Meet for First Time at World Cup Event

Mexico President Claudia Sheinbaum said she will hold a short in-person meeting with Donald Trump this week in Washington, as they continue to negotiate over US tariffs on her nation’s goods.

Mexico President Claudia Sheinbaum said she will hold a short in-person meeting with Donald Trump this week in Washington, as they continue to negotiate over US tariffs on her nation’s goods.
Bloomberg Politics • Dec 4, 2:59 PM