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Why Are Multinationals Like P&G, GSK and Sanofi Leaving Nigeria?

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Nigeria’s currency crisis has triggered an exodus of businesses from the country. At least four multinationals, including GSK, Bayer and Sanofi, have announced they’re ending production, as a scarcity of dollars, a naira in freefall and rampant inflation slashes profits. Bloomberg’s Jennifer Zabasajja reports.

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Carney Says Canada Welcomes EU Associate Membership Idea

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Prime Minister Mark Carney addresses European lawmakers in Strasbourg, France, calling for a closer alliance between Canada and the European Union. “Yesterday President Von der Leyen spoke of moving beyond CETA [Canada-European Union Comprehensive Economic and Trade Agreement] to an alliance for the future, opening the door to Canada becoming the European Union’s first associate member,” Carney said during his speech. “Canada welcomes this ambition.”
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California AG Bonta on Paramount-Warner Bros., Meta and AI

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California Attorney General Rob Bonta discusses his opposition to Paramount Skydance’s $110 billion takeover of Warner Bros. Discovery. Speaking on “Bloomberg The Close,” Bonta also comments on the child safety settlement with Meta Platforms, the future of AI, prediction markets and the Supreme Court ruling on mail-in ballots.
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Big Take: Big Money Isn’t Guaranteeing Wins in the Midterms

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This US midterm election season is on track to be the most expensive on record. Federal PACs have already brought in $4.7 billion. But in some races, big spending is backfiring. On the latest Big Take, where that money might show up.
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What Could Trump and Xi Talk About at Summit?

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President Donald Trump and Chinese President Xi Jinping have no shortage of topics to cover when they meet at the White House on Thursday. Bloomberg’s Tyler Kendall has more on what to watch for.
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Ed Yardeni Lowers Year-End S&P 500 Target to 7,900

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Edward Yardeni, president at Yardeni Research, points to geopolitical developments and higher-for-longer oil prices, among other factors, that led him to lower his year-end target for the S&P 500. He says his previous target of 8,400 is more likely to be reached by the middle of next year.
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