US lawmakers confirmed fintech billionaire and SpaceX astronaut Jared Isaacman to run NASA on Wednesday, ending a prolonged and whipsawing nomination process that had left the space agency without a permanent administrator for most of the year.
US IPO volume is poised to exceed $40 billion this year, with Medline Inc.'s IPO shares surging 30% in their trading debut after the medical supplier raised $6.26 billion in the year’s biggest initial public offering Wednesday. As the calendar flips to 2026, there’s also hope that some of the world’s biggest private tech companies, such as SpaceX, might also go public. PwC US IPO Leader Mike Bellin joined Carol Massar, Tim Stenovec, and Natalia Kniazhevich on 'Bloomberg Businessweek Daily' to br
The dark-money arm of Donald Trump’s sprawling political operation entered 2025 with $84 million in the bank, highlighting the president’s fundraising prowess and offering insight into his war chest ahead of crucial midterm elections.
Former Republican Representative Patrick McHenry, who served as chair of the House Financial Services Committee, and is a Bloomberg Contributor says Republicans have failed to create a successful message to counter the Democrats' strength on the Affordable Care Act. Four Republican lawmakers have signed onto House Democrats’ effort to force a vote on a three-year clean extension of Affordable Care Act subsidies, an act of defiance against GOP leaders as moderates grow frustrated over health ca
Bloomingdale’s terminated the employee who inserted a slip of paper with the phrase “Free Palestine” into a package that had Hanukkah-themed pajamas, according to a person close to the company.
Rep. Suhas Subramanyam (D-VA) tells Balance of Power he expects Congress to be able to vote on an extension of Obamacare subsidies "at some point." Moderate House Republicans have revolted against Speaker Mike Johnson and joined with Democrats to force a vote in January on expiring Obamacare subsidies. The rebellion comes after Johnson blocked swing-district Republicans from having a floor vote this week on their plan to tie a one or two-year extension of the subsidies to cost saving changes t
A federal appeals court will allow President Donald Trump to keep National Guard troops in Washington in the coming months, finding the administration had shown that it has a strong chance of winning a legal fight over the deployment.
Partnership for New York City President and CEO Kathryn Wylde joined ‘Bloomberg Businessweek Daily’ to discuss her role on Zohran Mamdani’s transition team, his proposed policies, and the willingness of business leaders to work with the mayor-elect. She speaks with Myles Miller, Carol Massar, and Tim Stenovec. (Source: Bloomberg)
The Trump administration is weighing an executive order that would pressure defense contractors to spend less on stock buybacks and dividends while boosting investment in infrastructure and weapons production, a person familiar with the matter said.
The leaders of two small Caribbean countries say they were blindsided by a White House decision to issue travel restrictions over their so-called “golden passport” programs — even as the US works to create its own pay-for-residency initiative.
