Your Evening Briefing
Your Evening Briefing
(Bloomberg) --
U.S. Senate Majority Leader Mitch McConnell said on Tuesday he won’t be an “impartial juror” during any impeachment trial of President Donald Trump—despite what legal experts say is an oath requiring him to be one. The Republican from Kentucky is seeking to quash Democratic requests for White House witnesses as part of a strategy to end the proceeding swiftly, and with an acquittal. Over in the House, lawmakers were passing a $1.4 trillion spending plan loaded with gifts for lobbyists, including tax breaks and rollbacks of parts of Obamacare. On Wednesday, they could vote on whether to impeach Trump.
Here are today’s top stories
Noah Feldman writes in Bloomberg Opinion that the White House might be settling on a “so what” defense: That there’s nothing wrong with trying to get a foreign government to interfere in a U.S. presidential campaign.
The money began to flow about a decade ago, just as the U.S. government cracked down on Purdue Pharma. This is how the Sackler family shifted billions of dollars from opioids to trusts.
Rick Gates, a former Trump campaign aide who became a star witness for Special Counsel Robert Mueller in his investigation of Russia’s interference in the 2016 election, was sentenced to 45 days in jail.
As Boeing halts production of its grounded 737 Max, Airbus is grappling with a very different problem: It can’t build its rival A320neo fast enough.
Bankrupt utility PG&E removed a requirement that California Governor Gavin Newsom sign off on its settlement with wildfire victims.
Amazon’s global logistics chief Dave Clark liked to lurk in the shadows of warehouses and scope out employees he could fire. On Sunday, he once again showed his ruthlessness by essentially firing FedEx.
What’s Lorcan Roche Kelly thinking about? The Bloomberg cross-asset reporter said a missed opportunity at the recent climate talks in Madrid was the failure to agree on a mechanism to price carbon. Goldman Sachs CEO David Solomon, writing in the Financial Times, urged governments to do exactly that. The problem, Lorcan says, is that without a single global policy there can be no level playing field.
What you’ll need to know tomorrow
- WeWork obtained $1.75 billion in financing with Goldman’s backing.
- Disney is betting nostalgia will pull Star Wars out of a dive.
- The hottest job in Argentina is helping the 1% hide their cash.
- Senator Elizabeth Warren backs away from Medicare-for-All.
- There are global market forces at work on the vanilla of Madagascar.
- Craft beer got extremely weird (and cutthroat) in 2019.
- New York’s Billionaire’s Row is the world’s top luxury street.
What you’ll want to read in Bloomberg Pursuits
Washington, despite what you may have heard, is the most exciting food destination in America. The nation’s capital isn’t an obvious choice: Los Angeles has become a glittery hot spot and New York is a regular contender. D.C., however, has a restaurant scene that mirrors its World Series-winning Nationals—a group of underdogs who are fun to watch as they raise their city to championship levels.
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