Mitsubishi in Talks for $8-Billion US Shale Acquisition
A potential $8 billion deal could give Mitsubishi Corp. control of major US shale gas operations, as the Japanese conglomerate pursues Aethon Energy Management‘s production and pipeline assets, Bloomberg reported on Monday, citing people familiar with the matter. The potential deal would provide Mitsubishi with major natural gas operations near the US Gulf Coast, giving […]
Trump Mobile Launch Rings Loud, But the Signal on Substance Is Weak
The Trump Organization on Monday unveiled Trump Mobile, touting a $47.45-per-month “47 Plan” and a $499 gold-plated T1 Phone it claims will be “designed and built in the United States.” Donald Trump Jr. promised an all-in-one bundle of 5G service, roadside assistance, tele-medicine and “unlimited texting to 100 countries,” framing the launch as the communications […]
Gold’s Wild Bull Run: Are Markets About to Break? | Mike McGlone
In this interview, Bloomberg’s Mike McGlone analyzes current market conditions for gold, Bitcoin, and copper, providing his outlook on price trends and key factors influencing these asset classes. The discussion covers precious metals fundamentals, cryptocurrency positioning, and base metals supply-demand dynamics. McGlone discusses broader macroeconomic trends affecting commodity markets and offers his perspective on investment […]
15,000 Sign Up for Trump’s $5M Immigration Program that Doesn’t Yet Exist
President Donald Trump launched a website last week for his proposed $5 million immigration program that would grant wealthy foreign nationals a pathway to US permanent residency, drawing about 15,000 initial sign-ups despite legal questions about the program’s viability. The website at trumpcard.gov allows people to register interest in what Trump calls the “Trump Card,” […]
Sponsored · Selkirk Copper Mines
Trump Tariffs Hurt Nearly 80% of US Manufacturers
Nearly 80% of US manufacturers report increased costs from President Donald Trump’s tariffs, with more than half saying the trade policies have dampened their business outlook, according to new survey data that undercuts the administration’s promise to revitalize American manufacturing. The National Association of Manufacturers survey, analyzed by Bloomberg, shows 79.7% of companies face higher […]
Treasury Secretary Backs Tax Tool to Control Capital Flows
Treasury Secretary Scott Bessent defended a Republican tax proposal that could impose escalating penalties on foreign investors, arguing the Biden administration “chose to outsource American sovereignty on tax matters” by participating in international tax coordination efforts. Testifying before the House Ways and Means Committee last week, Bessent said the so-called “One Big Beautiful Bill” would […]
Bank of America Raises Gold Target to $4,000 Over Next Year
Bank of America has issued its most bullish gold forecast to date, projecting the precious metal could rally to $4,000 per ounce within 12 months as escalating Middle East tensions drive demand for safe-haven investments. The precious metal climbed 1.3% to $3,428.10 per ounce on Friday, June 13, nearing its all-time peak of $3,500.05 reached […]
$450 Error Nukes Novo Nordisk’s Ozempic Patent, Opening Canada To Generics
Novo Nordisk (NYSE: NVO) has permanently forfeited Canadian patent protection for semaglutide—the blockbuster active ingredient in Ozempic and Wegovy—after failing to pay a routine $450 maintenance invoice in 2019. Under Canada’s Patent Act, once a missed-fee grace period lapses, rights “cannot be revived,” formally clearing the way for rival filings. Canadian maintenance charges start at […]
Sponsored · Selkirk Copper Mines
Trump Admin OKs US Steel Buyout With “Golden Share” For White House’s Perpetual Veto
In another challenge to the line between government and private interests, the Trump administration has cleared Nippon Steel’s $14 billion acquisition of US Steel, only after inserting a novel “class G” preferred share that gives any sitting president permanent veto power over major corporate decisions. President Donald Trump hailed the arrangement—codified under a national-security pact—as […]
Is Trump Moving Forward with Marijuana Rescheduling?
President Donald Trump reportedly pledged to advance marijuana rescheduling “soon” during a private meeting with House Republicans last week, even as other GOP lawmakers launch an investigation into how the previous administration handled the process. “We’ll be moving forward soon with rescheduling marijuana,” Trump told two House members during the closed-door meeting, according to a […]