Treasury Secretary Scott Bessent will meet with his Chinese counterpart, He Lifeng, ahead of a summit between President Donald Trump and Xi Jinping. Bloomberg’s Stephen Engle has the latest.
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Hong Kong Chief Executive John Lee set out plans to almost double the city’s spending on innovation in coming years and offered greater financial support for new parents, as his government seeks to build new growth engines and arrest a decline in births. The target was announced Wednesday as Lee unveiled Hong Kong’s first five-year development plan.
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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 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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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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