Geopolitics & International Relations - India is extending a warm welcome to Russian President Vladimir Putin, despite Western democracies' efforts to isolate him [1] - Indian Prime Minister Narendra Modi describes the India-Russia relationship as "time-tested" and mutually beneficial [1] - The India-Russia relationship continues despite pressure from the U S [1] Media & Information - Bloomberg Government Reporter Sudhi Ranjan Sen discusses the India-Russia ties with Haslinda Amin on Bloomberg Television [1]

when you look about you know the European stock exchange I mean this is an idea that's been floating around uh by European leaders I don't know whether it gets anywhere but what are the actual benefits of that >> well um I think it you know the main concept is to basically create a single liquidity pool which is probably the most important dimension for a market u to basically deal with technological requirements so you have good advanced technology that you're able to you know share the cost across a bigge ...

Credit Market Error - In 2020, a situation occurred in credit markets where Citibank accidentally sent $900 million to lenders as a full prepayment for Revlon's loan instead of an interest payment [2][3] - The credit agreement lacked specific terms addressing such erroneous payments, leading to litigation [4] Erroneous Payment Deal Terms - Erroneous payment deal terms have emerged in credit deals to address the scenario of accidental overpayments [4] - Noetica's data indicates that 90% of deals now include this term as of the last quarter [4] - Deals lacking this term are considered significantly off-market, potentially involving hundreds of millions of dollars [5] Consumerism Analogy - The situation is analogized to a consumer experience at McDonald's, where receiving extra Chicken McNuggets is viewed as a benefit, highlighting the unexpected nature of the error [1][2][6]

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick alongside David Gura, taking you through to that closing bell with a global simulcast. It starts right now.Carol Massar in the radio booth. Alexis Christopher is in today For Tim Stenovec. Katie Greifeld on assignment.Welcome to our audiences across all of our Bloomberg platforms, including our partnership with YouTube. A mixed day on Wall Street. And a reminder, Carol, the last gasp of this earnings season coming after the ...

Project Status & Funding - Two major transit infrastructure projects in New York City are ongoing: a new Hudson Rail tunnel connecting Manhattan and New Jersey, and a Second Avenue subway extension into Harlem [1][2] - An $18 billion funding halt in October did not stop work or payment to workers on either project [2][3] - The federal government is reviewing the projects to ensure compliance with new rules [4] Regulatory Compliance - The MTA (Metropolitan Transportation Authority) and the Gateway project are communicating with the Trump administration to comply with new rules [5] - Contracts cannot give special priority to women and minority-owned projects, although they can still be considered part of the disadvantaged business enterprise program [5][6] - Both transit organizations state they can comply with the new rules without problems, allowing work to continue [6]

So, Maxwell you know, Governor Governor Gavin Newsom, you know, put the university under fire for shelving this project, but it's back now on. So what happened in the meantime. So it wasn't that Newsom was angry at the university. He was just angry at institutions across the country that were complying with the Trump administration's demands.But ultimately, why this deal was shelved in August was because the U.S. was still contemplating how they were going to respond to the Trump administration, and any pot ...

And a great story on the Bloomberg terminal, Mohammed, about you and your team and really just the decision making you guys had to make back in April, back in March. And, well, a lot of people were bailing or at least thinking about bailing on US assets. You stood firm and you've reaped the benefits.Explain why. Thank you, Romain. Thank you, David, for having me.I think the context is at that time there was plenty of uncertainty and the view was that this tariff related uncertainty will further add to the c ...

Tony COMPARTIO Bloomberg, Pentagon national security reporter who has his hands on the report. This is, what, 80 something pages long. 84 pages.Yeah. Now, you saw portions of this yesterday. Are we learning more today.We didn't see portions of this. We were given we were at someone who deferred to someone who saw it gave us and other media. It's I don't want to play overplay.Absolutely. But you're looking at these documents now. How much more of a complete picture do we have.It's somewhat more complete and ...

Book Banning Trends in the US - Pen America reports 23,000 active book bans in the United States [1] - A single parental objection can lead to a book's removal from school syllabi or libraries [1] - Banned books often include acclaimed works like Tony Morrison's "Beloved" and "To Kill a Mockingbird" [1] First Amendment and Legal Challenges - The removal of books is being challenged based on the defense of the First Amendment [1] - Court cases are often succeeding in opposing the book bans [1] Perspective and Representation - Many banned books share a common thread: they present America from the perspective of non-white individuals [3] - There is a perceived attempt to erase viewpoints of people who are not white [4]

It's a signal. And what's interesting about it is, as usual, as they think about the budget for 2026, they're going to make layoffs. They're going to cut about 10% across the entire business.That tends to be what happens at this time of year. But he gathered his top executives in his house in Hawaii to discuss, okay, where should most the resources be coming from. Because, remember, they are spending a ton on AI and people have been worried about that.How can he offset that. Well, 30% more cuts, therefore, ...