European Council president António Costa said that new, EU-wide taxes could shield German taxpayers from sending more money to Brussels. With less than four months to go until an informal deadline to reach a deal on the EU’s 2028-2034 budget, Costa signaled that new levies would reduce national contributions to the EU’s coffers. This is a key aim for Germany, which finances a quarter of the cash pot.
Chime CEO Chris Britt joins Scarlet Fu on "Bloomberg Deals." Chime Financial struck a deal to buy Stride Bank for $590 million in cash, snapping up its longtime partner as the fintech streamlines its operations.
Enbridge Inc., the Canadian energy infrastructure giant, is in advanced talks to buy a major crude oil pipeline in the US from Blackstone Inc.’s Tallgrass Energy for about $2 billion, according to people familiar with the matter.
Bloomberg's Mengqi Sun joins Scarlet Fu on "Bloomberg Deals." A significant shareholder in Xerox is pushing the company to take action to unlock shareholder value and is asking for a strategic review of its financial services business.
