Bloomberg - Evening Briefing - ‘Three-time loser’

Citadel’s billionaire founder Ken Griffin called Donald Trump a “three-time loser” and said he hoped the former president would “see the writing on the wall” and make way for Florida Governor Ron DeSantis. “I’d like to think that the Republican Party is ready to move on from somebody who has been for this party a three-time loser,” Griffin said, citing Trump’s 2020 defeat, the loss of Georgia Senate seats in 2021 and this year’s midterms. Trump was expected to announce his candidacy for the 2024 presidential nomination as soon as Tuesday evening, but the timing may be inauspicious. Party candidates endorsed by Trump lost key midterm races as voters rejected election-deniers and others with extreme positions on issues like abortion rights and education. —David E. Rovella

News reports that Russian rockets struck across the Ukraine border in NATO member Poland’s territory, killing two, immediately raised the specter of a potential confrontation between Russia and the defensive alliance. Pentagon officials said they couldn’t confirm the explosions were from Russian weapons and Moscow strenuously denied they were. It did however launch a wide ranging assault on Ukraine Tuesday as part of its campaign to degrade the country’s infrastructure. 

Estee Lauder agreed to buy Tom Ford for about $2.8 billion in its largest-ever deal, as the cosmetics group solidifies an existing licensing agreement for the designer’s fragrances and makeup. With the acquisition, Estee Lauder is ensuring that it holds on to the valuable partnership the company has had with Tom Ford’s fragrance and beauty lines since 2005.

He might have lost his company, his wealth and his credibility, but former FTX.com Chief Executive Officer Sam Bankman-Fried isn’t shying away from the spotlight.

Goldman Sachs paid out well over $12 million to a veteran executive who complained internally about a toxic workplace for women in the highest echelons of Wall Street’s most prestigious firm. The bank is said to have settled with the departing partner two years ago, in a deal that kept secret her detailed account of senior executives making vulgar and dismissive comments about women. The upper rungs of the firm were rattled by the remarks she described and the roster of people allegedly behind them, including Chief Executive Officer David Solomon.

David Solomon  Photographer: Hollie Adams/Bloomberg

FBI Director Christopher Wray made plain the bureau’s national security concerns about Chinese-owned video app TikTok, telling Congress that the agency is sharing its views with officials weighing a deal that would allow it to keep operating in the US.

New York City cab riders will see a 23% increase in metered fares, the first hike since 2012. Passengers will also face an increase in rush hour and overnight surcharges, as well as airport flat rates. And before you even think about it, the increases will also affect per-mile and per-minute rates for Uber and Lyft. 

Early Wednesday, NASA will try for a third time to get the Artemis I moon mission off the ground with the debut launch of its massive new rocket, the Space Launch System. If the rocket lifts off as scheduled, it will draw to a close more than two months of delays caused by technical glitches and uncooperative weather. It will also mark the culmination of roughly a decade of development and kick off the first of several planned Artemis missions, with the goal of sending people back to the moon and eventually beyond.

Artemis I  Photographer: Kevin Dietsch/Getty Images North America

Bloomberg continues to track the global coronavirus pandemic. Click here for daily updates.

• The great inflation trade is finally faltering.
• Stephanomics: Global pillars of prosperity are getting increasingly shaky.
• US opens investigation of alleged Israeli killing of American journalist.
• Musk’s SpaceX is in funding talks that would value it at over $150 billion.
• The wrong Americans are buying electric cars.
• Bloomberg Opinion: Mass firings by Big Tech are a big mistake.
• Chimamanda Ngozi Adichie assails “cancel culture’ and Elon Musk.

Toto Wolff, the co-owner, chief executive and team principal of the Mercedes-AMG Petronas Formula 1 team, doesn’t drive cars on a racetrack anymore, at least not professionally. Yet owing to the exploding popularity of the F1 circuit, and a star turn on Netflix’s hit documentary series Drive to Survive, the 50-year-old Austrian has become a head-turning celebrity across the sports world. But his team, which had made winning seem pro forma, has recently lost its mojo. He says that’s a good thing.

Toto Wolff  Photographer: Drew Gibson/Getty Images Europe

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