| Wall Street will regret ignoring consumer sentiment: “Over the 79 years of the [University of Michigan’s consumer sentiment] survey, a drop this large this fast has almost always predicted a recession.” — Ben Steverman, Bloomberg Businessweek The global economic outlook is improving, slightly: “Bank of America has upgraded its global growth forecast in response to the de-escalating trade war between the US and China” and now expects “the global economy to grow 3% in 2025 and 2026 and 3.3% in 2027.” But it also cautions that “we are hardly out of the woods.” — Mark Niquette, Bloomberg News Nvidia could become the first company worth $4 trillion: “Two years after Nvidia Corp. made history by becoming the first chipmaker to achieve a $1 trillion market capitalization, an even more remarkable milestone is within its grasp.” — Ryan Vlastelica, Bloomberg News A Putin war with NATO would cost the world $1.5 trillion: That estimate, from Bloomberg Economics, includes “the direct cost of destruction in the warzone, higher energy prices as supply from Russia is cut off, and a selloff in financial markets.” — Bloomberg Politics Fake meat’s future is in Europe: Plant-based burger companies are struggling with falling sales, “yet there is still one place that remains a relatively bright spot for the industry that wants to push shoppers away from eating animals.” — Agnieszka de Sousa, Bloomberg News Florida won’t replace New York, mayoral politics notwithstanding. The reason is simple: “Florida’s attractiveness will always be a direct corollary of its proximity and easy access to New York.” — Jonathan Levin, Bloomberg Opinion The fight over genetically modified “superbabies” is coming soon: A California startup says it’s raising money to work on genetically editing human embryos, while scientists and ethicists say the technology is “unproven and potentially dangerous” and “could usher in a new era of eugenics.” — Sophie Alexander and Ike Swetlitz, Bloomberg News “AI is doing 30% to 50% of the work at Salesforce now,” CEO Marc Benioff told Bloomberg. That’s not a prediction exactly, but it sure seems Forecast-y! — Brody Ford and Emily Chang, Bloomberg News | 