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Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, Bloomberg Businessweek, Bloomberg Markets, Bloomberg.com and Bloomberg's mobile platforms. Since 2015, John Micklethwait has served as editor-in-chief.Source
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Earth Needs Fewer People to Beat the Climate Crisis, Scientists Say

Earth Needs Fewer People to Beat the Climate Crisis, Scientists Say

More than 11,000 experts sign an emergency declaration warning that energy, food and reproduction must change immediately. Forty years ago, scientists from 50 nations converged on Geneva to discuss what was then called the “CO2-climate problem.” At the time, with reliance on fossil fuels having helped trigger the 1979 oil crisis, they predicted global warming would eventually become a major environmental challenge. The scientists got to work, building a strategy on how to attack the problem and laying the groundwork for the Intergovernmental Panel on Climate Change, the world’s preeminent...

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Eric Roston
Nov 5
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Tofu Goes Mainstream in America Thanks to Big Meat’s Covid Crisis

Tofu Goes Mainstream in America Thanks to Big Meat’s Covid Crisis

Sales of the once-niche soybean product jumped as U.S. consumers navigated poorly stocked meat aisles. Producers hope they’ll stick around. The coronavirus made American meatpacking plants even more dangerous than usual, with outbreaks forcing shutdowns that in turn led to producers euthanizing livestock. Consumers suddenly found themselves in empty meat aisles, searching for protein. Enter tofu. Made from soybeans and little else, the plant-based protein—like the growing field of faux meat—has been in ascendance among Americans. In the U.S., it’s historically been a niche product, while...

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Jun 11
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Elizabeth Warren’s Brother Dies of Coronavirus

Elizabeth Warren’s Brother Dies of Coronavirus

Elizabeth Warren’s oldest brother died of coronavirus on Tuesday night in Oklahoma, three weeks after testing positive for the virus, the former presidential candidate said on Twitter on Thursday. Donald Reed Herring, 86, was admitted to intensive care on April 15 and died six days later, according to the Boston Globe. He was not on a ventilator. “I’m grateful to the nurses and frontline staff who took care of him, but it’s hard to know that there was no family to hold his hand or to say ‘I love you’ one more time — and no funeral for those of us who loved him to hold each other close,”...

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Misyrlena Egkolfopoulou
Apr 23
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‘President Cuomo’ Is New Daydream for Those Fretting Over Biden

‘President Cuomo’ Is New Daydream for Those Fretting Over Biden

While Americans are stuck at home, the Democrat dominating the airwaves to counter President Donald Trump’s messaging about the coronavirus is not the one seeking to replace him in the Oval Office -- it’s New York Governor Andrew Cuomo. And that’s causing some daydreaming for political junkies with time on their hands. Joe Biden, the presumptive Democratic nominee, is also holding daily briefings that are scoring high marks for empathy, sound advice about physical and mental health, and for offering a solid plan about what he would do if he were not a private citizen waiting out the virus...

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Ryan Teague Beckwith
Mar 29
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Carry-Trade Losses Smash Records Amid Mad Dash Into Dollars

Carry-Trade Losses Smash Records Amid Mad Dash Into Dollars

The greenback soared against emerging-market currencies as investors made another stampede into haven assets on fears that the coronavirus will send economies into freefall. Losses in Asia were led by the Indonesia rupiah and Korean won, which are particularly sensitive to global growth. Both slid about 3% as the number of countries shuttering borders and imposing self-isolations soars. Thailand’s baht and the Malaysian ringgit dropped around 1% after S&P warned the epidemic could cost the Asia-Pacific region $620 billion in economic losses. “In an almost synchronized run for safety most...

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Chikako Mogi
Mar 23
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Google Pulls Down Political Ads as Candidates Keep Pushing Limits

Google Pulls Down Political Ads as Candidates Keep Pushing Limits

Google has rejected dozens of ads from Donald Trump’s presidential campaign for violating its ad policies in the week leading up to Super Tuesday, as well as a Bernie Sanders ad and two from a political action committee supporting Joe Biden, according to data released by the company Tuesday. A spokeswoman for Alphabet Inc.’s Google declined to comment on its decision to remove any specific ads. It has removed the content from its database of political ads, so it’s impossible to know exactly what rules were broken. The company has a policy against making a “false claim” in a political ad,...

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Mark Bergen
Mar 4
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Sheriffs’ Ads Slammed Drug Imports, and Big Pharma Helped Pay the Tab

Sheriffs’ Ads Slammed Drug Imports, and Big Pharma Helped Pay the Tab

Two-year campaign opposing cost-saving plans featured secret payments, a widely criticized consultant's report and celebrity drug cops.

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Ben Elgin
Feb 12
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Cheap Natural Gas Could Add 500 Million Tons to U.S. Emissions

Cheap Natural Gas Could Add 500 Million Tons to U.S. Emissions

Access to cheap natural gas has helped displace coal and cut greenhouse gas emissions. But it’s also incentivized a massive buildout of fossil-fuel infrastructure along the U.S. Gulf Coast that one study says could increase carbon emissions by half a billion metric tons a year. A long list of petrochemical plants, liquefied natural gas terminals and other facilities have been proposed or permitted on the Texas and Louisiana coasts as companies including Exxon Mobil Corp., Phillips 66 and Qatar Petroleum seek to tap cheap shale gas from nearby oilfields. If all of them are built, they could...

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Akshat Rathi
Jan 15
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Trump Sows Doubt on Trade Talks With Pushback on Tariff Unwind

Trump Sows Doubt on Trade Talks With Pushback on Tariff Unwind

President Donald Trump said that the U.S. hasn’t agreed to roll back all tariffs on China, diluting hopes the U.S. would make such a concession to secure a trade deal. “They’d like to have a rollback, I haven’t agreed to anything,” Trump told reporters Friday. “China would like to get somewhat of a rollback -- not a complete rollback, because they know I won’t do it.” U.S. bonds rallied and stocks slipped after the president’s remarks reduced some of the optimism that had been increasing around the prospects for a truce. On Thursday, signs were pointing toward a first-phase deal that...

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Josh Wingrove
Nov 8
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France Set to Roll Out Nationwide Facial Recognition ID Program

France Set to Roll Out Nationwide Facial Recognition ID Program

France is poised to become the first European country to use facial recognition technology to give citizens a secure digital identity -- whether they want it or not. Saying it wants to make the state more efficient, President Emmanuel Macron’s government is pushing through plans to roll out an ID program, dubbed Alicem, in November, earlier than an initial Christmas target. The country’s data regulator says the program breaches the European rule of consent and a privacy group is challenging it in France’s highest administrative court. It took a hacker just over an hour to break into a...

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Helene Fouquet
Oct 17
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Bloomberg - Are you a robot?

Bloomberg - Are you a robot?

To continue, please click the box below to let us know you're not a robot.Please make sure your browser supports JavaScript and cookies and that you are not blocking them from loading. For more information you can review our and .For inquiries related to this message please and provide the reference ID below.Block reference ID:

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Oct 6
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Trump’s Impeachment Saga Stems From a Political Hit Job Gone Bad

Trump’s Impeachment Saga Stems From a Political Hit Job Gone Bad

The irony of President Trump’s sudden impeachment peril is that it’s the unintended result of an effort to help him: a political hit job aimed at a likely opponent (Joe Biden) and funded by a major right-wing donor (Rebekah Mercer) that Trump and his lawyer (Rudy Giuliani) impatiently hijacked, with consequences that could turn out to be disastrous for them. To understand how Trump wound up the target of a House impeachment inquiry, it’s first necessary to understand why he was so obsessed with finding dirt on Biden that he pressured Ukraine’s president in a July 25th phone call to “do us...

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Joshua Green
Oct 3
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U.S. Unleashes Military to Fight Fake News, Disinformation

U.S. Unleashes Military to Fight Fake News, Disinformation

Fake news and social media posts are such a threat to U.S. security that the Defense Department is launching a project to repel “large-scale, automated disinformation attacks,” as the top Republican in Congress blocks efforts to protect the integrity of elections. The Defense Advanced Research Projects Agency wants custom software that can unearth fakes hidden among more than 500,000 stories, photos, video and audio clips. If successful, the system after four years of trials may expand to detect malicious intent and prevent viral fake news from polarizing society. “A decade ago, today’s...

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Pete Norman
Sep 1
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The World’s Wealthiest Family Gets $4 Million Richer Every Hour

The World’s Wealthiest Family Gets $4 Million Richer Every Hour

The numbers are mind-boggling: $70,000 per minute, $4 million per hour, $100 million per day. That’s how quickly the fortune of the Waltons, the clan behind Walmart Inc., has been growing since last year’s Bloomberg ranking of the world’s richest families. At that rate, their wealth would’ve expanded about $23,000 since you began reading this. A new Walmart associate in the U.S. would’ve made about 6 cents in that time, on the way to an $11 hourly minimum. Even in this era of extreme wealth and brutal inequality, the contrast is jarring. The heirs of Sam Walton, Walmart’s notoriously...

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Aug 11
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Trump Says `Hate Has No Place' in U.S. After Two Mass Killings

Trump Says `Hate Has No Place' in U.S. After Two Mass Killings

Two mass shootings within 24 hours put the nation’s focus back onto gun control and, given the alleged anti-immigrant views of a shooter in Texas, elevate the issue of the dangers of hate speech. Gun control has been a mostly peripheral theme on the Democrats’ 2020 campaign trail until now. Some have written it off as a lost cause after years of violent incidents with little policy response from lawmakers or others. The topic dominated Sunday political talk shows, with presidential candidates including Beto O’Rourke, the former Congressman from El Paso, South Bend Mayor Pete Buttigieg and...

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Ros Krasny
Aug 4
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How Hedge Funds (Secretly) Get Their Way in Washington

How Hedge Funds (Secretly) Get Their Way in Washington

With swept-back silver hair and a prestigious résumé, James K. Glassman cuts the classic figure of a Washington wise man. He’s a former undersecretary of State, think-tank founder, and best-selling author, with a considered opinion on just about any Beltway issue. In July 2014, when a House subcommittee held a hearing on Latin American economies, its members asked Glassman to speak first. “Thank you, Mr. Chairman,” he said, and began to testify: “A stable and prosperous Latin America is critical, not just to Latin Americans themselves, but to all of us here in the United States.  … ” ...

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Zachary Mider
Jul 19
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India’s Worsening Drought Is Forcing Doctors to Buy Water for Surgery

India’s Worsening Drought Is Forcing Doctors to Buy Water for Surgery

Along with other doctors in Indian cities facing unprecedented water shortages, T.N. Ravisankar in Chennai is praying for rain—and soon. Treating patients will “depend on God’s mercy” if water supplies in India’s fourth-largest metropolis aren’t replenished shortly, said Ravisankar, the chairman of Sudar hospitals, a chain of four clinics with 150 beds. Piped water at his hospitals has already dried up, and even the more expensive water trucks he now relies on may be unavailable soon in the state of Tamil Nadu.

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Archana Chaudhary
Jul 10
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Pharma’s Secret to Lobbying for Higher Drug Prices?

Pharma’s Secret to Lobbying for Higher Drug Prices?

The U.S. Rural Health Network has a slogan on its website that seems obvious: “We’re fighting for rural health.” But it’s not that simple. The two-year-old nonprofit hasn’t had much impact in rural health circles, where experts say they’ve never heard of it. It’s also active in a different area: fighting proposals that would cut the cost of prescription drugs. This year, it joined scores of other groups to oppose letting Medicare negotiate prices with drugmakers.

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Ben Elgin
Jul 8
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Pharma-Funded Charity Touted ‘Higher Profits’ for Drugmakers

Pharma-Funded Charity Touted ‘Higher Profits’ for Drugmakers

About 20 years ago, a teenaged arthritis sufferer created an online community to help patients like himself. It grew into a global charity, with a lucrative side effect: It also helped drug companies make money. The mission of the Global Healthy Living Foundation—improving the quality of life for those with chronic diseases—included motivating people to take, and keep taking, their prescription drugs. Doctors call that “compliance.’’ For the charity’s founder, no longer a teenager, it meant opportunity.

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Ben Elgin
Jul 8
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Journalism Job Cuts Haven’t Been This Bad Since the Recession

Journalism Job Cuts Haven’t Been This Bad Since the Recession

The news business is on pace for its worst job losses in a decade as about 3,000 people have been laid off or been offered buyouts in the first five months of this year. The cuts have been widespread. Newspapers owned by Gannett and McClatchy, digital media companies like BuzzFeed and Vice Media, and the cable news channel CNN have all shed employees. The level of attrition is the highest since 2009, when the industry saw 7,914 job cuts in the first five months of that year in the wake of the financial crisis, according to data compiled by Challenger, Gray & Christmas Inc., an...

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Gerry Smith
Jul 1
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Bloomberg - Are you a robot?

Bloomberg - Are you a robot?

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Jun 19
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YouTube Executives Ignored Warnings, Letting Toxic Videos Run Rampant

YouTube Executives Ignored Warnings, Letting Toxic Videos Run Rampant

A year ago, Susan Wojcicki was on stage to defend YouTube. Her company, hammered for months for fueling falsehoods online, was reeling from another flare-up involving a conspiracy theory video about the Parkland, Florida high school shooting that suggested the victims were “crisis actors.” Wojcicki, YouTube’s chief executive officer, is a reluctant public ambassador, but she was in Austin at the South by Southwest conference to unveil a solution that she hoped would help quell conspiracy theories: a tiny text box from websites like Wikipedia that would sit below videos that questioned...

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Mark Bergen
Apr 2
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Skeptical of Artificial Intelligence? You Can Blame the Media This Time

Skeptical of Artificial Intelligence? You Can Blame the Media This Time

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Feb 16
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Tesla’s CEO Pay Ratio Hits Stratosphere With $2.28 Billion Grant

Tesla’s CEO Pay Ratio Hits Stratosphere With $2.28 Billion Grant

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Feb 16
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Your Smart Light Can Tell Amazon and Google When You Go to Bed

Your Smart Light Can Tell Amazon and Google When You Go to Bed

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Feb 13
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