Bloomberg News and Videos — Page 439

Bloomberg's Josh Wingrove says the long-awaited Gordie Howe International Bridge opens after Canada and the Trump administration reach a side agreement that gives the US a share of future bridge revenue while leaving the original Canada-Michigan financing agreement intact. He says the bridge adds critical capacity for North America's busiest trade corridor, though questions remain about the future of cross-border auto manufacturing and broader US-Canada trade relations.

Bloomberg Economics' Becca Wasser says the Iran conflict is placing growing strain on US air defense interceptor stockpiles, limiting military options as Washington balances continued strikes, maritime security and the risk of a wider regional war. Bloomberg Economics' Chris Kennedy says simultaneous disruptions in the Middle East and Ukraine are tightening global energy markets, with declining inventories, constrained LNG exports and pressure on oil and diesel supplies increasing economic risks for Europe and beyond.

Bloomberg Intelligence Senior Commodities Strategist Mike McGlone says Florida's tax advantages continue to attract people and businesses from higher-tax states, helping fuel Miami's rapid growth even as housing, insurance and other living costs climb. He says affordability pressures are increasingly weighing on renters and middle-income residents, while elevated home prices and a construction boom suggest Miami's real estate market may be nearing a peak.

Political scientist Mark Lawrence Schrad says Russia's high alcohol consumption is rooted less in culture than in centuries of state policy, arguing successive governments used vodka monopolies to raise revenue, strengthen autocratic control and shape society. He says those historical patterns continue to influence modern Russia, cautioning against assuming economic hardship alone will quickly weaken President Vladimir Putin's grip on power.

Former Deputy National Security Adviser Victoria Coates says sustained economic pressure, combined with targeted military action, offers the best chance of forcing Iran back to negotiations, arguing the country's worsening economy is becoming the regime's greatest vulnerability. She also says President Donald Trump's flexible approach to foreign policy allows him to adapt quickly to changing battlefield dynamics, pointing to Ukraine's military gains as a factor reshaping US engagement with President Volodymyr Zelensky.

President Trump says tariffs will rebuild American manufacturing, shrink the deficit, and strengthen America's hand against China. But after court challenges and months of new data, have they delivered? Steven Rattner of Willett Advisors breaks down what's actually happened, and what it means for investors, businesses, and the US economy.

Midcoast Villager Deputy Editor Alex Seitz-Wald says Maine Democrats quickly coalesce behind Troy Jackson after Graham Platner's withdrawal, allowing the party to move past a chaotic primary and shift its focus to challenging Sen. Susan Collins. He says Jackson now faces the task of introducing himself to voters and donors while Republicans seek to tie him to Platner's scandals in one of the nation's most closely watched Senate races.

The White House has announced additional 50% tariffs on nearly $20 billion in Canadian imports, including dairy products, beer, hockey sticks and plywood, while exempting energy and potash. Former Canadian Deputy Prime Minister Chrystia Freeland says the move undermines the USMCA and argues Canada still has leverage as a major US export market and a supplier of energy, aluminum and potash, particularly as conflict near the Strait of Hormuz pressures global fertilizer markets.

Bloomberg's Courtney Subramanian and Lisa Odenheimer say the Trump administration is using a pause in military strikes to push Iran back toward negotiations while warning that all options remain on the table if attacks continue in the Strait of Hormuz or against US allies. They say Prime Minister Benjamin Netanyahu's visit to Washington and meetings surrounding Sen. Lindsey Graham's funeral are expected to focus on Iran, regional security and the future of the proposed US-Saudi civilian nuclear agreement.

Grad PLUS loans were created in 2006, allowing graduate students to borrow up to the full cost of attendance. Total borrowing rose from about $2 billion in the program's first year to over $15 billion in 2024 25, but beginning July 1, 2026, new borrowers will face annual loan caps, leaving a funding gap for students and universities alike. Supporters say the limits will curb overborrowing and tuition growth; critics warn they could push students toward private loans and reduce access to lower-paying fields.