Good News: Bloomberg Expands Parental Leave Policy from 18 to 26 Weeks of Fully Paid Leave for Primary Caregivers (Bloomberg LP)
“With this policy change, we are furthering our commitment to making Bloomberg a great place to work,” Mike Bloomberg wrote in a global memo to employees announcing the change.
The updated policy is double the average leave policy for U.S. communications and finance firms, and it’s 63% more than the average policy for tech firms, according to data from the Bloomberg Gender-Equality Index.
The average paid leave across industries in the U.S. is 16 weeks at technology companies, 13 weeks in the communications industry and 12 weeks at financial firms. Read about the announcement in Axios AM here or see Mike’s tweet on the announcement here.
Hot on the Bloomberg:
Trump Moves to Curb Huawei as Trade War With China Escalates (Bloomberg)
Trade War Response: China Has a $3.65 Trillion War Chest to Counter U.S. Tariffs (Bloomberg)
View from Iran: In Tehran, Economic Alarm Outweighs Fear of Conflict With Trump (Bloomberg)
Brexit Today: Theresa May to Set Timetable for Departure in June; Boris Johnson Confirms He’ll Run (Bloomberg)
Bloomberg Equality Summit in London: Santander Executive Chairman Ana Botin Sees Merit in Gender Quotas (Bloomberg)
Central Bank News: Ten Women Who Could Join the European Central Bank’s Top Table (Bloomberg)
The odds of the European Central Bank getting its first female president one day could improve if governments looked a little harder at the talent available, including Bank of Spain deputy governor Margarita Delgado, Bank of France deputy governor Sylvie Goulard, European Investment Bank’s Emma Navarro and more.
Cover Story: WeWork Wants to Become Its Own Landlord With Latest Spending Spree (Bloomberg Businessweek)
Rocky Start: Demonstrators Swarm Bill de Blasio 2020 Announcement on Good Morning America (WPIX 11 News)
A 17-year old politics junkie from St. Louis scooped the news.
Crypto Today: Bitcoin Rally Is Masking Capital Flight From Crypto Exchanges (Bloomberg)
Trading Future: Why Machines May Replace Active Bond Managers (Institutional Investor)
Art News: Steven Mnuchin’s Art-Dealer Dad Nabs $91 Million Record Jeff Koons Bunny (Bloomberg)
Taxi of the Future? World’s First All-Electric Vertical Takeoff and Landing Passenger Jet Unveiled for 2025 Launch (Bloomberg)
German startup Lilium aims to have a fleet of the five-seat, jet-powered taxis flying in cities worldwide by 2025. The aircraft, which can operate with a pilot or in drone mode, will provide a pay-per-ride service that will be emission-free, five times faster than a car and produce less noise than a motorbike. A short hop between JFK and Manhattan will cost about $70 per passenger.
Best of late night.
On news that an alligator in South Carolina was caught on video attempting to ring a doorbell of a home:
“I mean, can you imagine? Someone showing up at your door without texting first! That’s just rude.”
— James Corden
On a new study that reported ride-sharing cars aren’t so clean:
“According to new research, the back seat of a ride share vehicle has over 35,000 times more germs than the average toilet seat. Yeah, I know. They’re definitely losing at least half a star.”
— James Corden
“It’s pretty gross. In fact, the Government has now mandated that they change their name from ‘Uber’ to ‘Ewwwber’.”
— James Corden