Bloomberg - Evening Briefing - Musk wants it all

Bloomberg Weekend Reading

Unsatisfied with just being Twitter’s largest investor and one of its most followed users, the world’s richest man now wants to buy the company outright. Elon Musk told the board he thinks Twitter isn’t meeting its free speech “societal imperative” and should become a private company.  But as Timothy O’Brien notes in Bloomberg Opinion, Musk’s aim isn’t freedom of expression but control. Adding to the attention: A Twitter shareholder sued Musk (who already has a Plan B). For its part, Twitter adopted a poison pill to thwart any hostile takeover bids. Meanwhile, company founder Jack Dorsey has ascended to the rank of Bitcoin spiritual adviser.

What you’ll want to read this weekend

As Russia repositions its forces in Ukraine for a potential new offensive, U.S. President Joe Biden announced $800 million in additional military aid for Kyiv and the European Union agreed to provide more cash for weapons. Russia’s flagship Black Sea missile cruiser sank this week in what Ukraine said was a missile strike, another blow to Vladimir Putin’s war efforts. And OPEC+ warned that the war could curtail world oil demand and supply.

China says it will keep its “Covid-zero” policy, leaving Shanghai’s 25 million people under lockdown despite the growing risk of unrest. U.K. Prime Minister Boris Johnson and Chancellor of Exchequer Rishi Sunak did in fact break lockdown rules, the police said, and were fined. In the U.S., the mask mandate for air travelers will be extended while a decline in testing could render future outbreaks harder to detect.

The availability of goods in Shanghai has been strained by a lack of couriers to deliver to residents barred from leaving their homes. Above, Covid-19 testing is performed in the city on April 14. Photographer: Qilai Shen/Bloomberg

As many companies, including Alphabet-owned Google, bid to get workers back in offices, a new study identifies the “sweet spot” for hybrid work that some employers won’t like. Even if managers are eager to get people back at their desks, “corporate leaders would be wise not to overstate the case for in-office work,” Sarah Green Carmichael writes in Bloomberg Opinion.

Ford knew it needed something special for the electric version of its F-150 pickup: it’s called the “frunk,” and comes with a handy drain for iced beverages. But can this truck persuade adherents of the gas-guzzling version to go green? The New York International Auto Show will showcase another big one: GM’s Hummer. And Mercedes’s new Smart, which once defined the urban microcar, is now an SUV in its electric incarnation, competing with a crowd of plus-sized EVs.

Golf enthusiasts in New York have reason to party—literally. London-based Swingers is opening a “crazy golf” club in Manhattan, with three 9-hole courses, six bar areas and a DJ booth. And if you’ve ever dreamed of traveling to Galápagos National Park but thought you couldn’t handle it without a butler, a new luxury cruise makes that possible.

A rendering of the Windmill course at Swingers NoMad in New York. Source: Bloomberg

What you’ll need to know next week

  • French President Macron, far right-rival Le Pen face off in debate.
  • Hong Kong is set to begin lifting Covid-19 restrictions.
  • Tesla and Netflix highlight another busy week for earnings.
  • BNEF Summit addresses everything from batteries to climate crisis.
  • Queen Elizabeth II celebrates her 96th birthday.

What you’ll want to read in Businessweek

How To Crack a $100 Million Maritime Mystery

Two British private investigators were suspicious of a man they dubbed X-Ray. X-Ray said he had critical information about an unsolved $100 million case of high-seas piracy. Determined to find out whether the information was real, the pair set out to learn what he could tell them about the 2011 hijacking—and whether an elaborate conspiracy had played out on board.

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More than 10,000 dead

Monday, April 11, 2022

Bloomberg Evening Briefing View in browser Bloomberg Ukraine's allies in Europe are pivoting away from an emphasis on sanctions in response to Russia's war and instead focusing on urgently

Sidestepping sanctions

Saturday, April 9, 2022

Bloomberg Weekend Reading View in browser Bloomberg Follow Us Get the newsletter The European Union will ban coal imports from Russia in its first move targeting Moscow's crucial flow of energy

Train station carnage

Friday, April 8, 2022

Bloomberg Evening Briefing View in browser Bloomberg Having spent more than a month of war destroying residential areas and cities across Ukraine, potentially killing thousands, and now the subject of

New evidence surfaces

Thursday, April 7, 2022

Bloomberg Evening Briefing View in browser Bloomberg German intelligence reportedly intercepted radio exchanges between Russian soldiers who discussed killing Ukrainian civilians outside Kyiv,

Hypersonic missile gap

Wednesday, April 6, 2022

Bloomberg Evening Briefing View in browser Bloomberg Ukraine's government urged people living in the regions of Kharkiv, Donetsk and Luhansk to immediately leave those areas as military officials

🤓 Should you cash in on Coinbase?

Sunday, May 22, 2022

Brits are numbing the pain | China says "cut" | TOGETHER WITH Hi Reader, here's what you need to know for May 23rd in 3:04 minutes. 💥 You – yes, you – are invited to the first-ever NFT

🚀 Navigating a new market

Sunday, May 22, 2022

Plus, announcing a16z's investment in Locale! ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Longreads + Open Thread

Saturday, May 21, 2022

Regulatory Arbitrage, Mean Reversion, Replication, Bees, Specialization, Snap ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Best Colleges in America Right Now

Saturday, May 21, 2022

And the best college is... ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ May

Home Depot just crushed earnings. We visited a store and saw first-hand why.

Saturday, May 21, 2022

Rising home prices are good for Home Depot's business because homeowners invest in improving their homes. View in browser Business Insider Business Insider Business Insider Subscribe Business

Bright side of a bad week

Saturday, May 21, 2022

Bloomberg Weekend Reading View in browser Bloomberg Follow Us Get the newsletter US recession warnings are mounting in some quarters as the ties that bind the global economy look to be unraveling. Wall

Elon tweets, Tesla twists

Friday, May 20, 2022

Bloomberg Evening Briefing View in browser Bloomberg Tesla is limping to the finish line, as the stock's 14% decline this week makes it the second-biggest drag on the S&P 500 Index over the

In Search of Stability

Friday, May 20, 2022

Plus: Banking in the 70s, Goldman Sachs, Block ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

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Friday, May 20, 2022

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26 billionaires, including Elon Musk and Jeff Bezos, paid just a fraction of the taxes the average American owes

Friday, May 20, 2022

A new analysis finds that Elon Musk had an average tax rate of just 2.1% on his wealth growth from 2013 to 2018. View in browser Business Insider Business Insider Business Insider Subscribe Business