Bloomberg Opinion

For the first time in almost a century, 1.4 billion Indians will name their caste in a census. It's a crucial step toward equality — and successful competition with China, says Andy MUKHERJEE. Read more from his column: https://lnkd.in/e7bZcmx8

For Bloomberg Opinion I wrote about Trump’s “Most Favored Nation” policy which hasn’t led to immediate price cuts, but the market’s worried reaction hints at problems ahead. The order pushes drug makers to lower their prices to the much cheaper levels available in other countries or face a new system forcing that outcome. https://lnkd.in/e-5FAkJm

Buried in the House Energy tax bill markup is something akin to the world’s most ridiculous protection racket. Section 41007 would allow developers of “covered energy projects” to buy insurance against the federal government revoking permits or otherwise changing rules and regulations that could make a project unviable. It sounds, superficially, like a novel way to break the logjam on US energy infrastructure construction and give developers peace of mind. But those “covered” projects specifically exclude renewables and batteries - you know, the things that account for 81% of the new capacity entering the power grid this year. New thinking on streamlining US energy development would be welcome. Another partisan spanner in the (already broken) works would not. Read about it here at Bloomberg Opinion https://lnkd.in/eXkWyWxk

The Fintech Boom Alone Won't Make Mexico a Digital Paradise my take for Bloomberg Opinion after Mexico's banking convention in Nayarit last week https://lnkd.in/dCxBtWTt

Free to read! So many surprises this year from China’s tech and high-end manufacturing sectors. Here is another one. My latest for Bloomberg Opinion

So much for MAGA cronyism, which is the opposite of ``good to great'' capitalism. America's most innovative companies, which appreciated more than $4.5 trillion when Joe Biden was president, saw more than $2.7 trillion of that accumulated wealth vanish in Trump's first 100 days. https://lnkd.in/eDWBQwd4

President Donald Trump, still touring the Middle East, keeps saying how “very happy” he’d be if he could make a deal with Iran. Iran, meanwhile, needs such a deal to avoid being bombed by Israel and strangled economically by the resumption of United Nations sanctions later this year. If reports out of Tehran are correct, those pressures may have motivated Iranian leaders to come up with an unconventional idea that deserves a hearing: They want to work with their enemies, not against them, to build Iran’s nuclear program. Their brainstorm envisions a kind of joint venture among Iranians, Saudis and Emiratis, as well as private investors including US companies. This new consortium would enrich uranium, a fissile material that can be used to generate electricity or make medical isotopes — and to build nuclear bombs. Because Iranians, Arabs, Americans and others would be working together, it would be easy to verify that this atomic program remains civilian rather than military. At first blush, the idea seems outlandish. How could mortal enemies (Tehran’s theocracy is based in large part on wishing death to America as well as Israel) collaborate around the very material that has brought them to the brink of war? At second glance, though, the notion’s sheer audacity — let’s call it chutzpah — may be exactly what these nuclear negotiations need to get unstuck. In a way, the Iranian proposal reminds me of the European Coal and Steel Community, set up in 1951 by six founding nations and led by France and Germany, who had fought three bitter wars in one lifetime and struggled to imagine each other as anything other than enemies. To prevent a fourth war, ... (Read this whole column with this gift link) Bloomberg Opinion https://bloom.bg/3GUh7Bw

Not to get all middle-school essay on you, but the US heartland — from Texas up to North Dakota and out to the Great Lakes — will be a study this week in the contradictions of climate policy in the Trump 2.0 era: An increasingly hostile nature argues for urgent attention and action while politicians serving the fossil-fuel industry argue the opposite. Nature has the stronger case. Gift link to my column for Bloomberg Opinion https://lnkd.in/ecuDmp-u

Elon Musk’s commitment to Tesla’s Robotaxi-driven future made me think about the type of organizational culture that Tesla needs to ensure that its self-driving cars are as safe as they need to be. Physical safety requires psychological safety, because only when employees feel free to speak up can you fix all the problems that lead to safety issues. What’s more, safety and financial performance go hand in hand. Boeing used to be legendary for its safety performance, but when it abandoned psychological safety in the pursuit of short-term shareholder returns, its safety collapsed, and then its stock price followed. Alcoa, on the other hand, under legendary CEO Paul O’Neill, vastly improved its safety—and saw its stock price go up by a factor of nine. Although Musk often talks about the importance of speaking up at Tesla, he often seems to stifle disagreement and punish dissent. If he doesn’t want to take the same path Boeing did, Musk needs to change his approach. 🔗 Read my column on Bloomberg Opinion on why the culture produced by Musk’s leadership style may be the greatest threat to Tesla’s future: https://lnkd.in/e_qhZuq6 🎥 Or watch the video version

Are you still planning a European summer? With US airlines and hotels bearing the brunt of Trump’s trade policies and declining consumer confidence, the dream could be over this year for many Americans, says Andrea Felsted. See the latest data: https://lnkd.in/ecdBiTFv