Bloomberg News

A federal judge ordered the Pentagon to temporarily exempt Alibaba from a lobbying restriction tied to its inclusion on a Defense Department blacklist of Chinese military companies, allowing the firm to retain lobbyists while the court assesses the law's constitutionality. The Pentagon added Alibaba to the 1260H list in June, prompting lobbying firms to sever ties with the company under the new law.

Onitsuka Tiger is seeking to operate as an independent brand separate from Asics. OT GROUP CEO Ryoji Shoda discussed his vision for the brand's future in an interview with Bloomberg News.

Corporate profits in India reached a record high despite struggling stocks. Prime Minister Narendra Modi’s upcoming budget is expected to prioritize job creation and economic protection from global uncertainties, based on a Bloomberg News survey of economists.

Bloomberg News retracted a June 2 story due to an incorrect analysis by Bloomberg Economics, which used same-day domestic gold prices instead of the previous day’s London Bullion Market Association price. The error led to a misrepresentation of the Reserve Bank of India’s gold reserves, which remained unchanged in May.

President Donald Trump said he’s making a 'final determination' on a preliminary deal to extend a ceasefire with Iran, as mixed messages from both sides over when an agreement might be struck continued to confuse the outlook for a breakthrough.

Eli Lilly and Company is acquiring three vaccine developers for up to $3.8 billion. The transaction highlights the company's expansion into vaccine development and biotechnology innovation.

Israel is seeking a 'conclusive' deal with Iran to address nuclear threats and counter Hezbollah's influence. The article highlights the ongoing conflict involving the US, Iran, and Israel, as reported by Bloomberg News from Jerusalem.

Chinese billionaire Leaf Li lost $1.7 billion, reducing his fortune to $4.7 billion, following Beijing's crackdown on online brokerages offering unauthorized cross-border trading. The stock of his US-listed company, Futu Holdings, plummeted amid the regulatory action.

Chinese billionaire Leaf Li's wealth dropped by $1.7 billion after Beijing cracked down on unauthorized cross-border trading by online brokerages, causing a stock rout for his company Futu Holdings. His fortune, primarily tied to his stake in US-listed Futu, has halved since October.

National gas prices are nearing a record high, affecting Americans' perception of the president's success. The impact on gasoline prices is more significant to individual Americans than broader military campaigns. Bloomberg News Senior US Oil Reporter Kevin Crowley discusses the issue.

Sojitz Corp. is exploring Southeast Asia for new rare earths supply. Makoto Shibuya, Chief Financial Officer of Sojitz Corp., discussed this with Bloomberg News. The company's move into Southeast Asia aims to diversify its supply chain.

The FDA proposed a rule to remove references to 'gender' from its regulations, sparking concerns about research on gender minority populations. Louisiana urged the US Supreme Court to prevent abortion pills from being prescribed through telemedicine. The FDA also announced a program for one-day inspections.

HSBC is reviewing a private school fee perk for senior bankers in Hong Kong, which provides nearly £30,000 annually per child. The bank, under CEO Georges Elhedery, is considering scrapping the benefit for new employees or adjusting compensation structures, though no final decisions have been made.

EU leaders are meeting in Cyprus as the foreign minister urges European countries to increase strategic involvement in the Middle East and seek an end to the Iran war. Bloomberg's Oliver Crook discusses the implications on a weekend news segment.

The Strait of Hormuz oil shock has not yet caused a demand crash as wealthy nations draw from reserves and pay higher prices to secure supply. Traders warn of an impending harsh adjustment. Bloomberg journalists discuss the situation in a political context.

China's State Council released two sets of regulations in late March and early April designed to protect supply-chain security and counter foreign extraterritorial jurisdiction, raising concerns among multinational corporations that routine business decisions could trigger retaliation. The vague provisions in these regulations could expose foreign companies to penalties including import/export restrictions, fines, asset seizures, and visa cancellations for complying with U.S. sanctions or making supply-chain adjustments.