Your Evening Briefing
Bill Browder’s Hermitage Capital sent an Austrian bank’s stock tumbling after the fund said signs of Russian money laundering were going unheeded. The allegation added to a breathtaking, multibillion dollar scandal that’s expanding amid fresh reports that dirty money tied to Russian criminal activity has sullied western banks. And Browder, Vladimir Putin’s bête noire, warned there are more yet to come.
Here are today’s top stories
Meanwhile, EU President Donald Tusk warned “external forces” may be trying to influence the bloc’s elections, just as they did during the Brexit referendum and other national votes. He didn’t specify who, exactly.
Main Street appears ready to try markets again as individuals increased their exposure to U.S. equity indexes for the first time in five months.
Aon is considering an offer to buy rival insurance brokerage Willis Towers Watson in what could be the industry’s largest-ever merger.
America sees India as a bulwark against an increasingly aggressive China. So it may have come as a surprise when President Donald Trump started picking another trade fight, this time with the world’s largest democracy.
As if that country of 1.3 billion doesn’t have enough problems. Of the top 10 cities measured by air pollution, seven are in India.
It’s hard to find value from airlines these days, what with shrinking seats and rising fees. That is, except when redeeming frequent-flyer points.
What’s Joe Weisenthal thinking about? The Bloomberg news director is excited about nonfarm payrolls. In particular, he’s looking to see if sluggish wages edge up some more, given the effect that may have on the Fed.
What you’ll need to know tomorrow
- Michael R. Bloomberg: Our Highest Office, My Deepest Obligation.
- The Republican tax overhaul fed a 77 percent jump in the deficit.
- The good times may be ending for the United Arab Emirates.
- Russia runs to Maduro’s aid as U.S. sanctions kick in.
- Extreme heat warnings across America may not be working.
- Bloomberg Businessweek asks how did the stock market get so old?
- Tesla stock takes a hit after Elon Musk moves toward online sales.
What you’ll want to read in Bloomberg Pursuits
The world’s fastest supercar has a successor. The Jesko, which debuted Tuesday at the Geneva Motor Show, is the successor to the 1,360-horsepower Agera RS, the car that broke the world record for land speed last year. Koenigsegg, which makes both, says its new addition will help it defeat Ferrari in the fight for customers looking for hand-made hypercars that go for north of $1 million.
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