The biggest primary day of the election year is over, and it looks like the Democratic Party can whistle a happy tune, having surmounted a key obstacle in its quest to reclaim control of the U.S. House of Representatives. But the path to November has lots of potholes. —David E.Rovella Here are today's top storiesYou're gauging company fundamentals all wrong. As the global economy changes, accounting standards that made sense for shipbuilders and oil drillers may be losing relevance. In America's shale country, energy companies are using big bonuses to hire anyone they can find. The problem is that, in nearby towns, there's not enough workers left to go around. Google’s decision not to renew a Pentagon contract to develop artificial intelligence was a defeat for U.S. national security and limiting civilian casualties, Michael R. Bloomberg writes. Oscar, Casper, Marcus—it seems as if every startup these days is branding itself with a single human name. There's a method to the mononym madness. Speaker Paul Ryan joined fellow Republican Trey Gowdy in rejecting President Donald Trump's claim that the FBI spied on his campaign. Both Ryan and Gowdy have said they're retiring. Strong criticism of the EPA by two Republican senators from the Midwest may have less to do with Scott Pruitt's ethics problems than with protecting ethanol. What's Joe Wiesenthal thinking? The Bloomberg news director is wondering whether the surge in technology stocks represents an indiscriminate approach to investing in that red hot sector. What you'll need to know tomorrowSam Zell, a billionaire real estate investor, used a vulgarity to refer to women.Telekom Malaysia CEO Mohammed Shazalli Ramly is planning to resign.This billionaire's hedge fund gained 37 percent last month.Could Brazil be the next emerging market domino to fall?Mercedes-Benz wants to sell you a subscription for cars.Iran is the biggest winner in the Qatar embargo.Toys “R” Usdidn't have to die. What you'll want to read tonightPlanning that summer vacation? Then you'll want to read all about the pain we experienced on your behalf. That way, you can select your airline and destination with care. Like Bloomberg's Evening Briefing? Subscribe to Bloomberg All Access and get much, much more. You'll receive our unmatched global news coverage and two in-depth daily newsletters, The Bloomberg Open and The Bloomberg Close. 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. |