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Bulgaria Faces More Political Turmoil Just as It Adopts the Euro
Bulgaria faces a fresh wave of political turmoil after street protests over rampant corruption led to the resignation of the prime minister just weeks before the country joins the euro.
Texas Files Antitrust Suit Against Epic Systems Over Health Data
Texas Attorney General Ken Paxton sued Epic Systems Corp. for antitrust violations, accusing the healthcare software company of leveraging its control over patient medical records to maintain dominance in the market.
Brazil’s Business Elite Keeps Hope Alive for Centrist Candidate
A key member of one of Brazil’s most prominent business groups is holding out hope for a centrist candidate to emerge in next year’s presidential election, criticizing the left and right for failing to address the South American nation’s economic and social challenges.
Kenya Court Halts $1.6 Billion Health Deal as US Courts Uganda
A Kenyan court temporarily froze the nation’s health deal with the US after a lobby group raised data-privacy concerns, even as President Donald Trump courts more African countries with similar pacts.
Moderna Founder Warns US Doubts on Science Threaten Biotech Edge
The US risks falling behind in biotechnology as the government cuts funding and skepticism over vaccines grows, according to Moderna Inc.’s co-founder and Chairman Noubar Afeyan.
Bulgarian Protests Throw Euro Area’s Next Member Into New Crisis
A wave of street protests against ruling class graft is destabilizing Bulgaria just weeks before the Balkan nation is set to join the euro.
Warner Bros. Merger Fight Draws Fire Across US Political Divide
The battle for Warner Bros. Discovery Inc. has already lit a fire in Hollywood, with unions decrying the potential job losses, theaters sounding an alarm about the future of film releases and actors worrying about free speech.
US Agrees on $1.7 Billion Health Funding Package With Uganda
The US and Uganda have agreed on a $1.7 billion health financing, part of a program that seeks to wean African nations off aid.
NY Warns 950,000 People to Lose Health Coverage Under Trump Cuts
Nearly 1 million New Yorkers are expected to lose health coverage as a result of President Donald Trump’s federal budget, a shift that will strain the city’s struggling public hospital system.
Amazon Bets on Color and AI With Its Priciest Kindle to Date
Review: Amazon’s $630 pen-enabled device is a tough sell for most people.
NYC Democrats Fight for Congressional Seat Showing Israel Divide
Dan Goldman is proud of his work taking on President Donald Trump — whether on immigration, Ukraine or the US Constitution. The Democratic congressman even led the first impeachment proceedings against Trump before winning election in 2022 to represent a wealthy, liberal New York City district.
French Government Says Budget Talks Could Continue Into January
France’s efforts to adopt a budget could roll into next year as divisions remain among lawmakers and senators despite a breakthrough on the social security bill, the government said.
Finland Needs More Reforms to Pay for Health Care, Report Says
Finland needs to fine tune how it provides basic health-care services in the midst of deeper budget deficits, according to a report assessing an overhaul carried out two years ago.
Safran Agrees to Sell In-Flight Entertainment Unit to Kingswood
French aircraft engine maker Safran SA, which supplies Airbus SE and Boeing Co., entered into a definitive agreement to sell its in-flight entertainment and connectivity business to private equity firm Kingswood Capital Management LP.
Supreme Court Questions Spending Curbs on Political Parties
The US Supreme Court weighed Republican calls for a fresh rollback of campaign-finance regulations, questioning federal caps that limit spending by political parties in coordination with candidates.
Exxon CFO Kathy Mikells to Retire Feb. 1 Due to Health Condition
Kathy Mikells, the first outsider to join Exxon Mobil Corp.’s inner circle of top executives, will retire next year as she battles a serious but non-life threatening health condition.
Political Shake-Up Hits Hedge-Fund Trade as Brazil Markets Swoon
As Brazil’s markets rallied, month after month, and global investors kept flooding in, the gains were big enough to overshadow the risks from a presidential election that’s still almost a year away.
The Imperfect Science of Home Climate Risk Scores
Zillow’s climate risk scores have disappeared from home listings, but the risks themselves are very real. Modeling those threats down to the home level, though, is challenging.
US Small-Business Optimism Rises on Brighter Sales Outlook
Sentiment among US small businesses increased in November, largely due to a surge in optimism about the sales outlook.
Australian Business Confidence Slides Ahead of Final RBA Meeting
Australian business confidence declined further in November ahead of the Reserve Bank’s final policy meeting of the year, when it is widely expected to keep its key interest rate unchanged.
Non-Banks Are Now a Big Banking Business
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it's contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting.
Google Says First AI Glasses with Gemini Will Arrive in 2026
Alphabet Inc.’s Google said it’s working to create two different categories of artificial intelligence-powered smart glasses to compete next year with existing models from Meta Platforms Inc.: one with screens, and another that’s audio focused.
Tylenol Maker Isn’t Registered to Operate in Texas, Judge Says
Tylenol-maker Kenvue Inc. must comply with a Texas law requiring out-of-state businesses to register with the state or risk being barred from conducting business in Texas, a judge ruled.
Wall Street Gets a 3-Second Head Start Over Retail in Event Bets
In the fast-moving world of sports betting, a few seconds can mean everything. On Crypto.com’s prediction market, those seconds now belong to the pros.
AI Browsers Aren’t Smart Enough Yet to Take Over the Internet
A crop of under-baked new products is splitting the internet into two lanes, forcing website developers to rethink who their pages are for.
Why Bill Gates Thinks Donald Trump Cares About Global Health
Philanthropist is talking to US president as report shows childhood deaths will rise.
Economists Judge Brexit Bill to Be Worse Than Ever Just as Politics Is Shifting
It’s true the most dismal predictions about Brexit didn’t come true — immediately.
Anwar to Cut Small Business Costs After Poor Poll, Bernama Says
Malaysian Prime Minister Anwar Ibrahim announced measures to help reduce cost burdens for small and medium enterprises in the Southeast Asian country, according to a Bernama report, days after his coalition performed poorly in state legislative elections in Sabah.
Will UK Politics Pay a Price For Farage’s £9 Million Crypto Donor?
The record-biggest single donation comes as some in Westminster seek a cap on political spending.
Masters in Business: JP Morgan's Paul Zummo
Barry Ritholtz looks at the people and ideas that shape markets, investing and business.
Johnson Health Bill Next Week Unlikely to End Obamacare Standoff
Speaker Mike Johnson is pushing to unveil a Republican health care bill in the coming days for a vote by the end of the month, but the move is unlikely to resolve a congressional deadlock over expiring Obamacare subsidies.
First Brands’ Business Flails as Customers Don’t Know Who to Pay
As First Brands Group makes its way through bankruptcy court, the auto-parts supplier is bumping up against an unexpected snafu: Its customers don’t seem to know who to pay.
Trump Says Europe Risks Being Wiped Away Unless Societies Change
The Trump administration said that European civilization is at risk of “erasure” as a result of decades of economic decline, political censorship and immigration.
Boehly’s Eldridge and Arctos to Manage Sports and Media Retail Fund
Eldridge and Arctos are teaming up to give individual investors access to the typically exclusive world of sports and media, the latest effort from major money managers to jump into the space.
One Retracted Study Doesn’t Cancel Climate Science
It’s hard enough for most of us to predict what we’re having for dinner tonight, much less how the the world will look in 2100. By that time we might have cured cancer and started building giant space brains. Or maybe we’ll be nothing but batteries for our robot overlords. Or spraying crops with a sports drink.
Temasek-Backed Fullerton Winds Down China Hedge Fund Business as Global Managers Struggle
Fullerton Fund Management Co., controlled by Temasek Holdings Pte, is winding down its China private fund businesses including an eight-year-old hedge fund unit, according to people with knowledge of the matter.
MUFG Seeks to Extend Morgan Stanley Ties to Asset Management Business
Mitsubishi UFJ Financial Group Inc. plans to team up with Morgan Stanley in asset management, deepening their 17-year partnership.
Wells Fargo Adds Key Front-End Traders to Grow Markets Business
Wells Fargo & Co. hired two short-duration traders from Deutsche Bank AG, part of efforts to expand its markets business after the Federal Reserve lifted an asset cap on the bank earlier this year, according to people familiar with the matter.
The Rise of AI Reasoning Models Comes With a Big Energy Tradeoff
Nearly all leading artificial intelligence developers are focused on building AI models that mimic the way humans reason, but new research shows these cutting-edge systems can be far more energy intensive, adding to concerns about AI’s strain on power grids.
Farage Supporters Set to Launch New Lobby Group for Business
Affiliates of Nigel Farage’s Reform UK are preparing to launch a business lobby group, as the upstart political party tries to match its lofty poll ratings with credibility around governance.
Colombia’s Political Elite Is Embracing China Ahead of Elections
More and more lawmakers from the South American nation are visiting Beijing instead of Washington as Trump and Petro trade barbs.
Merz in Danger With Business Warning Germany Is in ‘Free Fall’
German Chancellor Friedrich Merz’s unwieldy ruling alliance with the Social Democrats is facing an existential crisis of its own making that could trigger its demise after only seven months in office.
Apple Design Executive Alan Dye Poached by Meta in Major Coup
Meta Platforms Inc. has poached Apple Inc.’s most prominent design executive in a major coup that underscores a push by the social networking giant into AI-equipped consumer devices.
Lula and Senate Tensions Continue Over Court Pick
Tensions between President Luiz Inacio Lula da Silva’s government and Congress continued to escalate Tuesday, when Senate leader Davi Alcolumbre canceled a hearing for Supreme Court nominee Jorge Messias.
French Business Activity Rises for First Time in Over a Year
France’s private sector grew for the first time in more than a year thanks to strength in the services industry, defying an initial assessment that it stagnated.
Egypt Business Gauge Hits Five-Year High After Pound Strengthens
A key gauge of business activity in Egypt expanded for the first time since February, as greater demand and a stronger local currency helped boost the import-reliant economy.
AquaBloom Bets on Growth in China Sports Investment
The global boom in sports deals could be coming to China
Imran Khan In Good Health After Concerns Mounted for Weeks
Pakistan’s jailed former Prime Minister Imran Khan is in good health after concerns mounted since nobody met him for more than three weeks, according to his sister.
Meredith Whitney Sees Affordability as Top Political Issue
Meredith Whitney Advisory Group CEO Meredith Whitney warns about the debt of the "avocado toast" generation and sees affordability being the top political issue in 2026. She speaks on "Bloomberg Open Interest." (Source: Bloomberg)
Mom-and-Pop Business Bankruptcies Hit a Record as Debts Pile Up
A six-year-old federal program designed to help the smallest American businesses cut debt and get a fresh start has set a record for the number of cases filed, court data show.
Health Insurer Curative Valued at $1.28 Billion in Fund Raise
Curative, a startup health insurance company that aims to reduce costs by encouraging people to get preventative care, has raised more than $150 million in a bid to redesign how employer health benefits work.
French Premier’s Budget Push Faces Key Stretch Ahead of Vote
France’s National Assembly is starting a second reading of the 2026 social security budget bill on Tuesday in a crucial test of Prime Minister Sebastien Lecornu’s plan to shepherd contested financial legislation through a divided parliament.
Mexico Political Risk Hits Peru Level as Sheinbaum Support Sags
Mexico’s political risk has crept up to levels seen in Peru, as Mexicans voice mounting frustration over cartel-fueled crime, corruption and a stagnant economy.
Samsung Debuts Its First Trifold Months Ahead of Folding iPhone
Samsung Electronics Co. unveiled its first so-called trifold smartphone, flaunting its engineering prowess in foldable devices even as the broader category has yet to catch on with mainstream consumers.
Apple Artificial Intelligence Head to Leave After AI Struggles
Apple Inc. artificial intelligence head John Giannandrea plans to step down from the job, ending a challenging stint at the iPhone maker.
Elon Musk Is Building Out His Next Company Town With Science Center, Gym
The billionaire has a construction boom planned for his rural Texas compound known as Snailbrook.