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Scott Bessent, founder and chief executive officer of Key Square Group LP, arrives for the morning session of the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, U.S., on Friday, July 12, 2019. The 36th annual event gathers many of America’s wealthiest and most powerful people in media, technology, and sports. Photographer: Patrick T. Fallon/Bloomberg via Getty Images

Dollar’s sizzling rally cools as Bessent nominated for Treasury

By Matthew Burgess, Michael G. Wilson, and others

Gautam Adani, chairman of Adani Group, speaks during a Bloomberg Television interview at the company’s headquarters in Ahmedabad, Gujarat, India, on Saturday, May 25, 2024. Gautam Adani says he’ll shift control to his scions in the early 2030s. Photographer: Sumit Dayal/Bloomberg via Getty Images

Adani summoned by US SEC to explain position in bribery case

By Satviki Sanjay and Bloomberg

RIYADH, SAUDI ARABIA – JANUARY 2003: Kingdom Center (Burj al-Mamlaka), the tallest skyscraper in Saudi Arabia, dominates the evening cityscape on January, 2003 in Riyadh, Saudi Arabia. The 300-meter tall high-tech luxury building was selected as the winner of the Skyscrapers.com Award 2002. Hosting a luxury hotel, a business centre, sports clubs, shops and a floor exclusively for women. (Photo by Reza/Getty Images)

Morgan Stanley joins US peers putting Mideast HQ in Riyadh

By Matthew Martin and Bloomberg

Howard Lutnick, Chairman and CEO of Cantor Fitzgerald and Co-Chair of the Trump 2024 Transition Team speaks at a rally for former US President and Republican presidential candidate Donald Trump at Madison Square Garden in New York, October 27, 2024. (Photo by ANGELA WEISS / AFP) (Photo by ANGELA WEISS/AFP via Getty Images)

Lutnick’s Cantor in talks with Tether about $2 billion Bitcoin lending project

By David Pan, Todd Gillespie, and others

HEDWIGENKOOG, GERMANY – MARCH 25: Northvolt CEO Peter Mikael Carlsson speaks at a press event prior to the ground-breaking for the new Northvolt Gigafactory electric car battery factory on March 25, 2024 in Hedwigenkoog, Germany. The factory, dubbed Northvolt Drei, will be powered by renewable energy and will eventually produce one million electric car batteries per year. (Photo by Gregor Fischer/Getty Images)

Goldman funds take $900 million hit on Northvolt, FT says

By Angela Cullen and Bloomberg

Elon Musk listens

Musk ducks sanction for choosing rocket launch over SEC meeting

By Malathi Nayak and Bloomberg

Russian President Vladimir Putin meets with workers at a plant, which is part of Russian missile manufacturer Almaz-Antey, in Saint Petersburg on January 18, 2023. – President Putin said on January 18, 2023 he had “no doubt” Moscow would emerge victorious in Ukraine, despite military setbacks in the nearly year-long offensive. (Photo by Ilya PITALEV / SPUTNIK / AFP) (Photo by ILYA PITALEV/SPUTNIK/AFP via Getty Images)

Europe is already facing its next energy crisis

By Anna Shiryaevskaya, Priscila Azevedo Rocha, and others

Scott Bessent, founder and chief executive officer of Key Square Group LP, arrives for the morning session of the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, U.S., on Wednesday, July 10, 2019. The 36th annual event gathers many of America’s wealthiest and most powerful people in media, technology, and sports. Photographer: Patrick T. Fallon/Bloomberg via Getty Images

US Treasury pick Bessent ‘is a fiscal hawk’: Wall Street reacts

By Liz Capo McCormick, Ye Xie, and others

Scott Bessent, founder and chief executive officer of Key Square Group LP, during an interview in Washington, DC, US, on Friday, June 7, 2024.

Trump team prepares to announce Scott Bessent as Treasury pick

By Saleha Mohsin, Nancy Cook, and others

Jensen Huang

Nvidia’s stock surge means CEO’s foundation must double giving

By Biz Carson and Bloomberg

Government Debt Ceiling and Federal Government Shutdown – Capitol, Congress and Senate – Budget Package

US debt sustainability now seen as top financial stability risk

By Craig Torres and Bloomberg

World’s top luxury group LVMH head Bernard Arnault (R) and his son, CEO of LVMH Holding Company, Antoine Arnault (L) attend the Vivatech technology startups and innovation fair in Paris, on June 15, 2023. (Photo by Ludovic MARIN / AFP) (Photo by LUDOVIC MARIN/AFP via Getty Images)

LVMH scion lays out plan to bring Paris football club to the top

By Benoit Berthelot and Bloomberg

PARIS, FRANCE – JUNE 15: Chairman and Chief Executive Officer of LVMH Moet Hennessy Louis Vuitton, Bernard Arnault attends the Viva Technology conference at Parc des Expositions Porte de Versailles on June 15, 2023 in Paris, France. Viva Technology, the biggest tech show in Europe but also in a unique digital format, for 4 days of reconnection and relaunch thanks to innovation. The event brings together startups, CEOs, investors, tech leaders and all of the digital transformation players who are shaping the future of the Internet. The annual technology conference, also known as VivaTech, was founded in 2016 by Publicis Groupe and Groupe Les Echos and is dedicated to promoting innovation and startups. (Photo by Chesnot/Getty Images)

French AI startup backed by Arnault plans to raise more funds

By Benoit Berthelot and Bloomberg

Sam Altman

OpenAI CEO received $76,001 in pay last year, filing shows

By Biz Carson, Rachel Metz, and others

Employees work on the production line of the 100% electric Ford Explorer at the Ford Electric Center Factory in Cologne, western Germany, June 4, 2024. (Photo by Roberto Pfeil / AFP) (Photo by ROBERTO PFEIL/afp/AFP via Getty Images)

Ford plans 4,000 more job cuts in Europe as EVs lose momentum

By William Wilkes, Jamie Nimmo, and others