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Why metals producers are shifting capital out of upstream aluminium

  • South32 (ASX:S32) has agreed to sell its aluminium value chain assets to Alcoa (NYSE:AA) for up to US$5.6 billion.
  • The structural asset reallocation ties the valuations of upstream mining firms directly to base metal production growth.
  • Geopolitical instability and evolving raw supply pipelines remain the primary operational risks facing global smelting networks.
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Grafa
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Amazon faces heavy Australian regulatory penalties over unfair streaming contracts

  • The Australian Competition and Consumer Commission has initiated Federal Court proceedings against Amazon, alleging unfair contract terms following the 2024 introduction of ads on its Prime Video service.
  • Amazon faces this lawsuit amid a broader 2026-27 ACCC compliance push targeting standard form contracts and cancellation policies, which currently underpin the revenue models for global streaming services.
  • Streaming platforms now operate under stricter 2026 legislation requiring consistent investment in Australian content, forcing providers to balance increased production costs against rising subscription fees.
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Bloomberg

Moore: American Dream Still Worth Fighting For

Maryland Gov. Wes Moore said patriotism should unite rather than divide Americans, arguing that service and sacrifice not politics define love of country and remain essential to fulfilling the nation's founding promise. While speaking with Bloomberg This Weekend hosts David Gura and Christina Ruffini Moore also urged leaders to focus on delivering tangible results on affordability, education and economic opportunity, saying voters are looking for action over ideology.

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Bloomberg

Coney Island Boardwalk Set for $1 Billion Upgrade

The executive director of the Alliance for Coney Island Daniel Murphy joins Lisa Mateo of Bloomberg This Weekend to explain how Coney Island is entering a new phase of growth with a permanent business improvement district and a planned $1 billion investment to rebuild the boardwalk and support local businesses. He says the upgrades are intended to strengthen Coney Island as a year-round community while preserving its identity as "the people's playground."

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Bloomberg

Jim Beam Maintains 230 Years of Tradition and Evolution

7th and 8th generation Master Distillers Fred and Freddie Noe sit with Bloomberg This Weekend host Christina Ruffini and share insights into the rich history and enduring tradition of Jim Beam bourbon. While the original 230 year old recipe for the flagship bourbon is still used, unchanged, the Noes explain how the company continues to grow, including entering the non-alcoholic space.

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Bloomberg

USO Marks 85 Years Supporting US Troops

USO CEO Michael Linnington says the organization has expanded far beyond its World War II roots, operating at 260 locations worldwide to provide deployed service members with connectivity, comfort and entertainment while strengthening ties to home. Linnington also explained to Bloomberg This Weekend hosts David Gura and Christina Ruffini how the USO is still largely funded by public donations and volunteer entertainers.

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Bloomberg

Polls Say American Pride Depends on How You Ask

Between June 8th and 11th, NPR/PBS/Marist conducted a poll of 1,340 adults and found thatAmericans remain broadly proud of their country, but views on patriotism, the nation's future and trust in government are increasingly divided along partisan lines, even as overall levels of national pride have changed little over time. Director at the Eagleton Center for Public Interest at Rutgers Ashley Connan and Puck News writer Abby Livingston join Bloomberg This Weekend and analyze more of the poll data with hosts David Gura and Christina Ruffini.

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Bloomberg

AI Teddy Roosevelt Greets Library Visitors

The Theodore Roosevelt Presidential Library has opened in Medora, North Dakota, featuring AI-powered exhibits and a design meant to immerse visitors in the Badlands landscape that Roosevelt credited with shaping his life and presidency. Museum Director Robbie Lauf is on Bloomberg This Weekend and explains to hosts David Gura and Christina Ruffini that the library aims to use modern technology to connect new generations with Roosevelt's legacy of conservation, leadership and public service while making history engaging for younger visitors.

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Bloomberg

USS Intrepid's History Spans War, Space and 9/11

President of the Intrepid Sea, Air, and Space Museum Susan Marenoff-Zausner joins Bloomberg This Weekend to share the vessel's history in World War II, the Cold War, Vietnam War, and 9/11. Marenoff-Zausner emphasized the museum's appeal, attracting over a million visitors annually, and highlighted that the true significance of the Intrepid lies in the stories and history contained within its steel walls.

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