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Senator Elizabeth Warren (D-MA) discusses the upcoming Senate Banking Committee’s examination of Stephen Miran’s appointment to be a governor of the Federal Reserve, a nomination made by President Donald Trump. She spoke to Bloomberg's Joe Mathieu and Kriti Gupta.
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Massachusetts Governor Maura Healey said a halt to federal research funding is threatening the state’s knowledge-based economy, warning that the cuts will undermine jobs and the highly educated workforce. “It has a disproportionate effect on Massachusetts,” Healey said in an interview with Bloomberg News in Boston. “Donald Trump has only hurt American workers.” A freeze on billions of dollars in research grants threatens Boston’s sprawling health-care and higher education sectors, Healey said. US research funding sparks more than $16 billion of economic activity in the state each year, according to the Donahue Institute at the University of Massachusetts.
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Alphabet’s Google will have to share some of its search data with competitors, but will not have to sell its popular Chrome web browser, a federal judge ruled Tuesday in the Justice Department’s landmark antitrust case against the search engine.
The ruling allows Google to avoid one of the most severe remedy requests from the US government after the court found the company had an illegal monopoly in the search market. Judge Amit Mehta did bar Google from entering into exclusive contracts for internet search.The finding follows Mehta’s ruling last year that Google illegally monopolized the markets for online search and search advertisements. Mehta held a three-week hearing in April to determine a fix.
The order is one of the most monumental court decisions affecting the tech sector in more than a quarter century, and could offer a blueprint for other judges who may end up weighing similar choices in cases against Meta Platforms, Amazon and Apple.
For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:
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Crypto.com CEO Kris Marszalek speaks on his company and Trump Media partnership for a "Crypto Treasury." He speaks with Bloomberg's Caroline Hyde and Ed Ludlow
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Most of President Donald Trump’s global tariffs were ruled illegal by a federal appeals court that found he exceeded his authority in imposing them, but the judges let the levies stay in place while the case is subject to further review.
The US Court of Appeals for the Federal Circuit on Friday upheld an earlier ruling by the Court of International Trade that Trump wrongfully invoked an emergency law to issue the tariffs. But the appellate judges sent the case back to the lower court to determine if it applied to everyone affected by tariffs or just the parties involved in the case.
Friday’s 7-4 decision by the Federal Circuit could extend the suspense over whether Trump’s tariffs will ultimately stand. The case had been expected to next go to the Supreme Court for a final ruling. The administration could now turn to the justices, who have largely backed the president on other matters. But the White House could also let the Court of International Trade revisit the matter first.
“ALL TARIFFS ARE STILL IN EFFECT!” Trump said in a post on Truth Social shortly after the decision was issued.
For instant reaction and analysis, Bloomberg Balance of Power cohost Joe Mathieu speaks with Harvard Kennedy School's Ash Center Democracy Visiting Fellow Jeanne Sheehan Zaino and Stonecourt Capital Partner Rick Davis, both Bloomberg politics contributors.
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Former Kansas City Fed President Esther George discusses the Trump-Cook Saga with Bloomberg's Scarlet Fu and Bailey Lipschultz.
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SEC Commissioner Mark Uyeda discusses the regulatory changes affecting the crypto industry, the recent launch of Project Crypto and more with Bloomberg's Caroline Hyde.
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Nicholas Burns, Harvard University Belfer Center Professor & former US Ambassador to China, discusses his concern with the Trump Administration possibly allowing Nvidia to sell Blackwell chips to China. Burns also talks about whether or not he believes America is mortgaging our national security by potentially allowing Nvidia to sell advanced chips to China, and the impact President Trump's 50% tariffs on India are having. Nicholas Burns speaks with Joe Mathieu on the late edition of Bloomberg's "Balance of Power."
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New York State Comptroller Thomas DiNapoli discusses the Empire State and its rising deficit issue. He is joined by Bloomberg's Scarlet Fu.
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Gita Gopinath, first deputy managing director at the International Monetary Fund, advises governments to “tread carefully” as she discusses increasing debt levels throughout the global economy.
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