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Escalating Trump's DC Takeover: Republican-led States to Send Hundreds More National Guard Troops to D.C. (Washington Post)
The new deployments, marking a major escalation of Donald Trump’s efforts to take over law enforcement in the nation’s capital, came amid indications that the troops may soon be carrying weapons, a reversal of their initial orders.
Read This: Trump’s Domestic Deployments Are Dangerous. For the Military. (New York Times - David French)
Trump isn’t just deploying America’s military into the streets; he’s deploying it into the American culture war. And he’s threatening to expand his campaign into blue cities in blue states
where homicide rates are actually far lower than in many cities in red states. In fact, a large number of the most dangerous cities in the nation are in red states.
Financial News: Apollo’s Fox Hedge Is Taking Financial Wizardry to a New Level (Bloomberg)
Private capital firms are going to remarkable lengths to squeeze out more returns for their regulated insurance companies.
Travel Alert: Air Canada Delays Resuming Flights as Strikers Defy Sunday Stop Order Deadline (Bloomberg)
An Air Canada union defied a government order to return to work, forcing the airline to delay a plan to restart operations over the weekend. The carrier now expects to resume service at 4 p.m. Toronto time today but was forced to suspend its financial guidance through
year-end amid the flight cancellations.
Mideast Latest: Israel's Prime Minister Benjamin Netanyahu Slams Anti-War Protests as Gaza City Operation Looms (Bloomberg)
AI Market Watch: AI Boom Seen Driving Next Decade of Emerging Markets Performance (Bloomberg)
Encouraged by the success of Chinese AI developer DeepSeek and Asia’s powerhouse semiconductor firms, asset managers like AllSpring Global Investments and GIB Asset Management are concentrating more of their portfolio in AI stocks. That’s been a winning trade, with AI companies being the six biggest contributors to the rally in Bloomberg’s EM stocks index this year.
Americans Expect Higher Unemployment: Job Market Gloom Hits 62 Percent, Highest Since the Great Recession (Axios)
About 62% of Americans believe unemployment will worsen in the year ahead, according to the widely watched Michigan Index of Consumer Sentiment. Fears about joblessness have surged since Donald Trump unveiled plans to impose steep tariffs on foreign goods. Researchers also say that Americans' concerns about higher unemployment are paired with worries about an inflation resurgence.
Creating A New Economic Blueprint: Singapore Prioritizes Jobs Amid Fragmenting World, Rise of AI (Bloomberg)
The impact of the US-China rivalry, Donald Trump’s tariff war and threats to workers from new technologies were the key challenges Prime Minister Lawrence Wong highlighted in his annual National Day Rally speech on Sunday, marking the country’s 60th year.
Health Care At Risk: As Medicaid Cuts Loom, North Carolina Shows the Stakes (Washington Post)
Donald Trump's 'One Big Beautiful Bill Act' will cut more than $900 billion from Medicaid over the next decade. Those cuts are colliding with state budget challenges, imperiling the future of Medicaid in states such as North Carolina where roughly 650,000 people have signed up for Medicaid since the legislature expanded it 18 months ago.
Climate Politics: Global Plastic Talks Fail as ‘Hardline Positions’ Block Deal (Bloomberg)
Over six rounds of negotiations, delegates struggled to bridge a divide between two groups. The majority of countries favored a treaty that would cap the amount of plastic produced and set limits on certain toxic chemicals, while a smaller group led by oil-producing countries including Saudi Arabia and Kuwait wanted to keep the agreement’s focus on plastic waste collection and better recycling. During the most recent set of talks, the US aligned itself with this second group, saying it opposed any restrictions on business and commerce.
Without more ambitious policies, the amount of plastics produced around the world is set to reach 736 million tons by 2040. Of the 16,000-plus chemicals in plastics, more than one-fourth are known to be hazardous to human health
Climate Consequences: Wildfire Fighters, Unmasked in Toxic Smoke, Are Getting Sick and Dying (New York Times)
The U.S. Forest Service has fought decades of efforts to better protect its crews — sending them into smoke without masks or warnings about the risks.
Climate Emergency: Spain’s Prime Minister Pedro Sanchez Urges National Climate Pact as Fires Rage (Bloomberg)
Wildfires have broken out across southern Europe in the recent days as heat waves baked vegetation into kindling, with strong winds spreading flames quickly through dry brush, forests and crops. Almost all of Spain was under extreme risk of wildfires on Sunday, with numerous active blazes in northwestern, central and southern regions. Temperatures in some areas were forecast to reach
44C (111F).
Presidential Election in Bolivia: Voters End Two Decades of Socialist Party Rule in Bolivia (Bloomberg)
Justice for Sandy Hook Families? Infowars Conspiracist Alex Jones Is a Big Step Closer to Losing His Studio and Brand (NPR)
A state judge in Texas Wednesday ordered Infowars' assets to be turned over to a newly-appointed state receiver, who will sell them to pay the families of the Connecticut children killed in the 2012 Sandy Hook Elementary School shooting. The move paves the way for the receiver — or sheriffs — to start the process of seizing cash and property owned by Infowars and its parent company, Free Speech Systems, within days. The families, who've spent some three years in federal bankruptcy court trying to collect what Jones owes them, could start seeing their first payouts through the state court in weeks or months.
Don't Miss Today's Daily Read Podcast: Click here to listen to the latest episode of the AI-generated companion of today's newsletter on Spotify. It's also available on Apple Podcasts. Take a listen today.
Major Exhibition in London: Last Chance to See Ed Atkins Show at Tate Britain (Tate Britain)
Ed Atkins, best known for his computer-generated videos and animations, is one of the most influential British artists working today. See his career-spanning exhibition before it closes in one week on August 25. The show features moving image works from the last 15 years alongside writing, paintings, embroideries and drawings. See the exhibition guide here. And download the Bloomberg Connects
app for exclusive audio guides and more.
Bringing Ancient History to Life: London Mithraeum Schools Program Lets Young Learners Explore Roman Sites (London Mithraeum)
London Mithraeum Bloomberg SPACE, located on the site of Bloomberg's European headquarters, is a free-to-visit cultural hub that showcases the ancient Temple of Mithras, a selection of remarkable Roman artefacts found during the site's excavation, and a series of contemporary
art commissions responding
to one of the UK’s most significant archaeological sites.
London Mithraeum also offers an education program, facilitated by experts, that features fun, multi-sensory sessions that can be enjoyed either on-site or virtually from the classroom. The program aims to encourage exploration, imagination, and collaboration.
On-site workshops are already booked for the 2025-26 academic year but you can sign your school up on the waitlist, and to be notified if there is a cancellation, here. Bookings are open for the interactive virtual workshops. Sign up here.
And to learn more about London Mithraeum, including the Roman Temple of Mithras, check out Bloomberg Connects.
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