Bloomberg Daybreak: Europe Edition
Oil Back Above $100, Tesla’s $25B Robot Bet, Drugs Kept From Europe
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Show notes
On today's podcast:
(1) Oil rose for a fourth day as the US and Iran remained locked in a battle for control of the Strait of Hormuz after failing to meet for a fresh round of peace talks.
(2) Tesla anticipates billions of dollars in additional spending this year to support Elon Musk’s ambitions to transform the electric-vehicle pioneer into an AI and robotics company.
(3) The Swiss government outlined plans that would add billions of dollars to UBS' capital requirements, deepening a showdown with the lender over its proposed banking reforms.
(4) European Central Bank Chief Economist Philip Lane said there’s a logical fiscal case for the region’s nations to issue joint bonds, though such a move would need to be underpinned by trust.
(5) UK workers were hit with the highest increase in tax rates on wages of any wealthy country last year, according to a new report, as the Labour government has come under pressure to lighten Britain’s tax burden.
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