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Crypto Breaking News

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Bloomberg

Goldman Hikes Oil Forecasts Again as Hormuz Shock Builds

Daan Struyven, Goldman Sachs Co-Head of Global Commodities Research, joins Bloomberg Businessweek Daily to discuss his team's latest oil outlook. Struyven and his team upgraded Brent to $90/barrel by the fourth quarter, citing lower Persian Gulf production, and ongoing Strait of Hormuz disruption. They now assume a normalization in Gulf exports by the end of June (vs. a prior forecast of mid-May) and see a slower recovery for Gulf production. However, a global recession is not in the team's base case unless the strait remains mostly closed in a "severely adverse" scenario. Struyven speaks with Carol Massar and Tim Stenovec.

Read more: Goldman Hikes Oil Forecasts Again as Hormuz Shock Builds
Bloomberg

Spelman's Roz Brewer: Need to Run Colleges Like a Business

Former Cam's Club CEO and Spelman College Interim President Roz Brewer discusses launching a $500 million 'Spelman Forward' campaign aimed at helping students prepare for their future after graduation, and her focus on creating the best eduction for black women in the country. She talks with Romaine Bostick for "The Close."

Read more: Spelman's Roz Brewer: Need to Run Colleges Like a Business
Bloomberg

Sergey Brin Sparked a Political War to Influence California

Eliyahu Kamisher reports on the latest in the California's race for governor and Sergey Brin's role. It was late in the evening at a Christmas party hosted by crypto titan Chris Larsen featuring singer Janelle Monáe and a towering abominable snowman with glowing red eyes when Brin and his partner, Gerelyn Gilbert-Soto, confronted Newsom about a new proposal to tax billionaires in California, according to people who've spoken with the governor. Such a levy could hit Brin's stake in Alphabet Inc. and his $272.6 billion fortune. Newsom, who opposes the wealth tax, was still telling people about the lengthy exchange at the party months later, complaining of a lingering cold the pair had given him, according to the people, who asked not to be named discussing private conversations with the governor.

Read more: Sergey Brin Sparked a Political War to Influence California