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President Donald Trump was sued in Florida by a small retail stationery business which claims it will suffer “severe” harm from his “unconstitutional” tariffs on China.

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, New York Governor Kathy Hochul discusses the economic impact of the Trump administration's tariffs. Andrew Hale, Senior Policy Analyst for Trade Policy at the Heritage Foundation, shares his thoughts on President Trump's reciprocal tariffs announcement and states that if these tariffs are maintained the United States may get a recession and high inflation. Rep. Tim Burchett (R) Tennessee discusses the market & economic reaction following President Trump's reciprocal tariffs unveiling, and says there will be some short time pain, but in the long term it will be positive. (Source: Bloomberg)

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Rep. Tim Burchett (R) Tennessee discusses the market & economic reaction following President Trump's reciprocal tariffs unveiling, and says there will be some short time pain, but in the long term it will be positive. He talks about how these tariffs may benefit Americans, why the President rather than Congress is working on trade policy, and if he will vote for the Senate's budget plan. Rep. Burchett speaks with Kailey Leinz and Joe Mathieu on the late edition on Bloomberg's "Balance of Power." (Source: Bloomberg)

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Democrat-led US states filed a lawsuit challenging President Donald Trump’s executive order requiring major changes to the way Americans vote, escalating a legal showdown that started earlier this week with complaints filed by party leaders and nonprofits.

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Andrew Hale, Senior Policy Analyst for Trade Policy at the Heritage Foundation, shares his thoughts on President Trump's reciprocal tariffs announcement and states that if these tariffs are maintained the United States may get a recession and high inflation. Hale also discusses how he believes these tariffs could deter President Trump's agenda, create victories for the Democratic party, and affect Trump's MAGA base. Andrew Hale speaks with Kailey Leinz and Joe Mathieu on the late edition on Bloomberg's "Balance of Power." (Source: Bloomberg)

While much of modern advertising is based on age-old principles, Neuro-Insight Global CEO Pranav Yadav believes his company’s method of measuring brain response may drive more effective marketing. (Source: Bloomberg)

Oversea-Chinese Banking Corp.’s private-banking arm is considering adding between 20 and 30 relationship managers this year for its Greater China team, marking a substantial expansion in one of the world’s major wealth centers.

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Tariffs the Trump administration announced on US trading partners would likely push the US and possibly the global economy into a recession in 2025 if they remain in place, according to JPMorgan’s top economist.

A federal judge said there’s a “fair likelihood” that Trump administration officials violated his order to immediately halt deportations of Venezuelans suspected of being gang members, adding he may cite them for contempt.

Good morning, it’s Amy in Melbourne with your Friday newsletter. I’ll bring you up to speed on markets and — closer to home — local reaction to tariffs and the election campaign. Today’s must-reads:• Wall Street’s trading desks stunned on tariffs• Your election guide on the Bloomberg Australia podcast   • Microsoft hits pause on data centers

Good morning. The S&P 500 suffers its worst day since 2020 after Donald Trump’s tariff shock. The math behind them? Less about levies and more about trade balances. And one CEO had a colorful reaction as his company’s shares plunged. Listen to the day’s top stories.

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Berkshire Hathaway Inc.’s stock sailed through a turbulent trading session Thursday, falling only slightly while indexes across the globe plummeted on President Donald Trump’s sweeping tariff plans.

Donald Trump says he wants to use big fees on Chinese ships to reboot US shipbuilding. Experts warn the move likely won’t work, and instead would raise prices for consumers and damage the US economy. (Source: Bloomberg)

Welcome to Bloomberg’s California Edition—covering all the events shaping one of the world’s biggest economies and its global influence. Join us each week as we put a unique lens on the Golden State. Sign up here if you’re not already on the list.

None of Seven & i Holdings Co.’s shareholders submitted proposals to be voted upon at the company’s annual meeting next month, despite previously issuing strong calls for the retailer to engage in merger talks with Alimentation Couche-Tard Inc.

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