Latest News Updates From Bloomberg News

Government, Business

Lawmakers Agree to More Than $100 Billion in Disaster Relief

Congress reached agreement on more than $100 billion in emergency relief funding for victims of a series of disasters, including hurricanes Helene and Milton and the Baltimore bridge collapse.

December 18, 2024
Government, Business, Private

Agriculture Industry Talks With Trump Team on Immigration

The U.S. agriculture industry has started talks with Donald Trump’s transition team in a bid to advocate for the food business as the president-elect pledges tariffs and mass deportations.

December 13, 2024
Government, Business, Technology

Trump’s Push to Eliminate EV Tax Credits Hits Red States

President-elect Donald Trump’s vow to repeal subsidies for electric vehicles risks pushing Republican congressional allies into conflict with their home-district economic interests.

December 12, 2024
Government, Business, Technology

Experts Call Trump’s Energy Tariff Plan ‘Hugely Destructive’

Charging 25% levies on oil and gas from Canada and Mexico would spike gasoline prices in the Midwest and raise electricity costs along both U.S. coasts.

December 12, 2024
Government, Business, Fuel

US Considers New Russia Oil Sanctions to Weaken Putin

The Biden administration is weighing new, harsher sanctions against Russia’s lucrative oil trade, seeking to tighten the squeeze on the Kremlin’s war machine.

December 11, 2024
Business, Private

Hershey’s Main Owner Rejects Mondelez’s Offer as Too Low

The main owner of chocolate maker Hershey has rejected a preliminary takeover offer from Mondelez International Inc., people familiar with the matter said.

December 11, 2024
Business, Private

Hershey Could Be More Open to Mondelez Takeover

Mondelez International’s latest overture to Hershey underscores the challenges posed by high cocoa prices and penny-pinching consumers, which could make the company more open to a deal.

December 11, 2024
Government, Business, Technology

China Benefits as Europe’s Big Battery Ambitions Are Failing

Europe’s bid to build a homegrown battery industry to break China’s dominance in electric vehicles is failing.

December 10, 2024
Government, Fuel

Trump’s Energy Nominee Chris Wright Champions Fossil Fuels

Liberty Energy CEO Chris Wright is President-elect Donald Trump's nominee to head the Department of Energy. He favors fossil fuels and has doubts about electric vehicles.

December 4, 2024
Business, Fuel

OPEC+ Firms Up Deal for Three-Month Delay to Output Hike

OPEC+ is making progress toward an agreement to delay its oil-production revival by another three months, delegates said.

December 3, 2024