Your Evening Briefing
(Bloomberg) -- Want to receive this post in your inbox every afternoon? Sign up here.
It's that time again: the arrival of sweeping lists that take stock of the last year, whether you want to relive it or not. For some, it's especially jarring to look back on January or February (or even September or October) and realize that what felt like five years ago was actually a few months ago. The Bloomberg 50 examines 2017's most influential executives, entrepreneurs, and entertainers, and it's filled with names that aren't always on those lists. —Megan Hess
One step closer to passing the GOP's tax overhaul. Republican Senator John McCain of Arizona said he's decided to support the Senate tax overhaul bill. No one was taking his vote for granted after he voted no on his party's attempt to demolish the Affordable Care Act this summer. The Dow surged more than 300 points, extending its climb past 24,000, after McCain said he would back the bill. A final vote is expected by the end of the week.
Get ready for concealed guns in all 50 states. The NRA has called the concealed carry bill, which would make it easier for gun owners to keep their firearms hidden when crossing state lines, its “highest legislative priority in Congress.” Despite concerns raised by Democrats about states' rights and domestic violence, the Republican-controlled Congress has pushed the proposal closer to becoming law.
The White House is weighing a plan to replace Rex Tillerson. The secretary of state would be dropped in favor of CIA Director Mike Pompeo, three administration officials said. It's unclear when the shakeup will happen, but White House staff have been debating the move since at least September, according to one official. Tillerson and President Donald Trump have clashed repeatedly since the summer, when their relationship began to sour.
A Christmas miracle, after a Christmas snafu. American Airlines said it has found pilots to staff all but “a few hundred” flights over the December holidays, easing concerns of major disruptions a day after an embarrassing glitch showed staffing where there wasn't any. It raised the possibility that as many as 15,000 flights wouldn't have pilots — so the airline offered 1.5 times normal pay to take the unassigned flights.
Nancy Pelosi and Paul Ryan called on Representative John Conyers to resign after allegations that he sexually harassed members of his staff. Congress is requiring members and staff to undergo sexual harassment training, but it probably won't help: Three states have already taken a similar approach, and the track record is not encouraging.
Your Apple Watch could tell when you're having a stroke. A device embedded in a new wristband for the watch uses artificial intelligence to warn you when danger is imminent. The KardiaBand from AliveCor analyzes heart rate based on the wearer's history and a trove of medical data, and instead of applying a generic range, it determines what's abnormal for you.
The Bloomberg 50. From finance and politics to tech and entertainment, these people defined global business in 2017. They deserve applause and recognition—or, in some cases, just recognition. So if you don't know who Yoshiaki Koizumi, Marty Chavez, Luhan Yang, Luisa Ortega Díaz, and Agnes Gund are, that's OK. Keep reading. And then check out the people to keep an eye on next year.
©2017 Bloomberg L.P.
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
-
Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
-
India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.
-
When Everyone Has AI, What Gives You An Edge?
India's young workforce is entering an uncertain world of work where powerful AI tools are becoming widely accessible. The advantage will belong to those who combine deep expertise with digital fluency, and the distinctly human capabilities that technology cannot manufacture.
-
Wrong Labels, High Pesticide Residues Holding Back Agri Exports | The Reason Why
India needs stronger domestic food-safety and labelling standards, with best practices becoming part of everyday business for farmers, traders and food companies.