It's the big question. If everything is going so well, why aren't wages rising? Is the old model broken? Or is something else at work? Bloomberg Businessweek talked to U.S. employers, asking how they're handling the disconnect. Their answers may surprise you. —David E. Rovella

Here are today's top stories

President Donald Trump said the conviction of two former associates Tuesday didn't involve collusion with Russia. That may be, but one of them, Michael Cohen, is ready to sing about "conspiracy to collude and corrupt the American democracy system in the 2016 election."

Trump didn't consult his current lawyer about hush-money paid to women who said they had extramarital affairs with the president.

Meanwhile, someone is trying to follow Russia's example from 2016 and hack into the Democratic National Committee. The DNC said it told the FBI and repelled the assault.

Why does the U.S. military have so many different uniforms? Rivalry, utility and inertia are a few of the answers. Now the Pentagon wants a more unified look for some of the services.

JPMorgan is cutting 100 workers across its global asset-management division following a review of its business.

Some American CEOs are paid hundreds of times (or more) what their lowly workers make, but it's the gender pay gap that seems to be drawing all the rage, Bloomberg Businessweek reports.

Priced out of health insurance, desperate Americans have been forced to jury-rig their own safety nets with patchwork plans.

What's Joe Weisenthal thinking about? The Bloomberg news director is rolling out some Keynes, noting that his famous theory of "animal spirits" as market driver could be what's behind the continued expansion.

What you'll need to know tomorrow

Sponsored by Purdue Pharma

We make prescription opioids. And we want to limit their use.

For over 25 years, we’ve developed opioid medications for patients with chronic pain, and we are acutely aware of the public health risks they can create. As such, we believe the country needs a new approach to prescribing opioids.

What you'll want to read tonight

Your First World Vending Machine Now Doles Out Steaks

M&M’s, potato chips, Oreos, soda—those are the sorts of things one would expect to come out of a vending machine. Newer innovations such as the cupcake ATM or the salad-stocked Farmer’s Fridge might appeal to some as well. But raw steaks? That may require a few rolls of quarters.

Don’t miss this exclusive offer. Subscribe to Bloomberg All Access today and get unmatched global news coverage, two premium newsletters, The Bloomberg Open and The Bloomberg Close, Bloomberg Live events access and much more.

How climate science and the future of energy reshape our world. Sign up for Bloomberg's weekly Climate Changed newsletter to get the best of our coverage about climate science and the future of energy, straight to your inbox.

Download the Bloomberg app: It's available for iOS and Android.