Thursday, April 25

ByKevin Sheekey

NRA Beset By Infighting Over Whether It Has Strayed Too Far (Associated Press)
As the group gathers for its annual convention this week in Indianapolis, the NRA may be facing its toughest foe in decades: its own members. NRA insiders and longtime observers describe an organization at war with itself over a central question: Has it strayed too far from its original mission of gun safety and outdoor shooting sports and become too political?

The NRA saw its political influence wane during the 2018 elections and got outspent by gun control groups headed by former Rep. Gabrielle Giffords and New York Mayor Michael Bloomberg. More than a dozen NRA-backed congressional candidates lost in last year’s midterms.

Hot on the Bloomberg:
Deutsche Bank, Commerzbank End Talks on Historic Combination as Lenders See Execution Risks Too Large

More: Germany Needs a Plan B After Deutsche Bank – Commerzbank Merger Deal Collapses (Bloomberg)

Post-Mueller: Deutsche Bank Begins Process of Providing Trump Financial Records to New York Attorney General Letitia James (CNN)

Hillary Clinton oped: We Need an Independent, Bipartisan Commission to Help Protect Our Elections (Washington Post)

Sri Lanka latest: Sri Lanka Calls Bombers ‘Well Educated’ and Warns of Ongoing Threat (New York Times)

Economy Watch:
-Hedge Funds Struggle: Delivering Returns Far Worse than Broader Stock Market
-South Korea Sounds Alarm for World Growth as Bellwether Economy Contracts (Bloomberg)

Oped: Hong Kong and Greater Bay Area Leading Us Into a ‘New Age’ of Investing (South China Morning Post – oped by Bloomberg LP chairman Peter Grauer)
As the financial sector enters a ‘new investing age’, Hong Kong, Macau and Guangdong, as part of the Greater Bay Area, can pool their strengths to bring investors to China’s financial markets, especially its bond market.

Video of the Day: Progress in Fighting The Most Dangerous Animals On Earth – Mosquitoes Carrying Malaria (Bloomberg Philanthropies)
For World Malaria Day today, watch this video that illustrates how the Johns Hopkins Malaria Research Institute has made substantial progress in helping cut annual deaths from malaria by half from 839,000 in 2000 to 435,000 in 2017.

Since 2001, Bloomberg Philanthropies has given $125 million to the Johns Hopkins Bloomberg School of Public Health to fund this state-of-the-art research facility where researchers have genetically modified mosquitoes in the lab to render them incapable of spreading malaria.

In Zambia, Hopkins researchers are using technology to geolocate malaria cases and stop them before they spread among families and communities, helping reduce malaria deaths in children under 5 by more than 95% in areas where they operate.

Learn something new today – don’t miss this video.

Surprise: Gen Z Loves The American Shopping Mall as Stores Race To Meet Their Needs (Bloomberg Businessweek)

The Star Power Expected for the White House Correspondents’ Dinner: Jay Leno (Washington Post)

Best of late night.

On the growing field of Democratic presidential candidates:

“Here’s the latest, there are now 20 Democrats running for president. 20! Yes, one more candidate and the fire marshall is going to step in and shut it down.”
— Conan O’Brien

On President Trump’s meeting at the White House with Twitter founder and CEO Jack Dorsey where he reportedly asked why he had lost followers on Twitter:

“Poor Jack Dorsey. He has to explain to a president that some of his followers were deleted because they were bots and spam accounts. It’s like breaking the news to a child that Santa isn’t real. It’s like, ‘Sir, you’re 72 now, so I think you’re old enough to know the truth: @MIKHAIL_62875 isn’t a real person.’”
— Trevor Noah

“In June, President Trump is going to visit the United Kingdom and have a state dinner with Queen Elizabeth. That’ll be the first night in history that Buckingham Palace will order take-out from KFC.”
— Conan O’Brien

For more best of late night from the New York Times, click here.

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