The European Central Bank lowered interest rates for the seventh time since last June as trade tensions threaten to derail the region’s economic recovery, as Lizzy Burden reports. (Source: Bloomberg)
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President Donald Trump’s tariff war has hammered stocks and bonds, and shuttered the traditional IPO market. Yet even with risk appetite on hold, the area that could benefit most from the rampant volatility is among the most speculative: The SPAC market. https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iq3ekIpNNLdk/v3/1200x-1.png Optimism is building that a game-changing fund design that will help asset managers shrink clients’ tax bills and grow their ETF businesses will soon be approved by the US securities regulator. https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iHq5_b3NiU5w/v3/1200x-1.png Fitch Ratings upgraded its credit grade on both Bausch + Lomb Corp. and its parent company Bausch Health Cos., but said the eye care unit’s ratings will continue to be under pressure unless the two separate. https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i0Df9ew1zal0/v0/1200x-1.jpg Shares of Chagee Holdings Ltd. climbed as much as 43% in their debut session after the Chinese tea chain raised $411 million in its US initial public offering, defying a market besieged by trade-war volatility. https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i20Cir1YOPvo/v0/1200x-1.jpg Brazil’s state-controlled oil producer Petroleo Brasileiro SA is reducing diesel prices for the second time this month after a recent downturn in the global oil market and amid political pressure for price relief at the pump. https://assets.bwbx.io/images/users/iqjWHBFdfxIU/im_j.LQ_LyYQ/v0/1200x-1.jpg US critical minerals stocks have soared this week, getting a boost from signs that the Trump administration will favor a sector that’s become a flashpoint in the trade standoff between the US and China. https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iA9BmExjnOhM/v1/1200x-1.jpg A group of small business owners are urging exemptions from the Trump Tariffs. 40 women founders and CEOs joined forces to pen the letter – saying the taxes pose a threat to the vitality of their businesses. Allison Luvera is the Co-Founder and CEO of the boxed wine maker Juliet Wine. She is behind the small business movement and she joined Bloomberg Open Interest to talk about her concerns. (Source: Bloomberg) https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i0Ussl0NkIug/v3/1200x-1.jpg Tanzania will impose trade barriers on agricultural imports from South Africa and Malawi if the two countries don’t lift restrictions on shipments from the East African nation. https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ig9_K_kUQzBE/v1/1200x-1.jpg Nvidia Corp. Chief Executive Officer Jensen Huang arrived in Beijing Thursday, shortly after the Trump administration barred the company from selling H20 AI chip to China. Bloomberg’s Ed Ludlow reports on what the trip means. (Source: Bloomberg) https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i_wbdEBAA.T8/v3/1200x-1.jpg
SPACs Set to Capitalize on IPO Freeze With $1 Billion Deal Burst
Pimco, T. Rowe Bet on SEC Shift With Push for Tax-Savvy Funds
Fitch Upgrades Bausch + Lomb, Bausch Health But Keeps Both Junk
Chinese Tea Chain’s US Shares Rise 43% as IPO Defies Volatility
Petrobras Cuts Fuel Prices Amid Oil Slump, Government Pressure
Critical Mineral Stocks Rally on Signs Trump Supports Sector
Small Business Owners Ask for Tariff Relief
Tanzania Threatens to Block South Africa, Malawi Farming Imports
Nvidia CEO Visits China After US Bars Some Chip Sales
