Bloomberg News

Welcome to Bloomberg’s new Banking Industry Monitor, bringing to you the top news on the global banking industry with emerging trends, winners and losers and market opportunities. Sign up: bloom.bg/4e65HY2 From the first edition: The war for talent and coping with regulators were recurring themes this week, along with signs that the drought in deal-making is still a drag on profits. Read more: bloom.bg/3HwT1NE

Hims & Hers went from a scrappy startup to a telehealth powerhouse worth almost $11 billion in just a few years. Madison Muller explains how the company became the king of knockoff weight-loss drugs bloom.bg/4nKfGXb

Russia rejects pressure from Donald Trump after he threatened to impose stiff economic penalties on Moscow if it doesn’t end hostilities with Ukraine

Tesla’s Model Y made a quiet entry into India. But thanks to import tariffs, it’s already rocking a $70,000 price tag. Alisha Sachdev breaks it down: http://bloom.bg/4eSma2b

Mexico City's red-hot food scene has been made the unexpected scapegoat for gentrification. That's a big risk for the city's tourist-friendly image check out my new column for Bloomberg Opinion 🎁 link https://lnkd.in/d9CMTKJW

ICYMI: "We are going to have to change what we eat, because what grows where is completely impacted by climate." The James Beard Foundation's Anne E. McBride #BloombergGreen ⏯️ https://bloom.bg/4eO95ad

ICYMI: "Conveying stories are so imperative, not just to climate, but for any social movement...it goes back to our evolution. The way that we survived was through telling stories," Good Energy Founder & CEO ✨ Anna Jane Joyner #BloombergGreen ⏯️ http://bloom.bg/4eO95ad

US President Donald Trump asked Volodymyr Zelenskiy whether Ukraine could strike Moscow if provided with US long-range weapons, FT reported

For years, investors have found themselves at the whim of President Donald Trump’s social-media posts. Now, traders are being forced to pay attention to an unlikely official: Federal Housing Finance Agency head Bill Pulte. Find out why: bloom.bg/4nN9nCl 📷: Al Drago/Bloomberg

Earnings season is starting up again, and the focus remains squarely on trade. For corporate finance chiefs, it’s all about profit margins. More in the latest edition of CFO Briefing: https://lnkd.in/eNvp3uYN > Expectations going into the second-quarter reporting period have been weak, with analysts forecasting just 2% earnings growth and a net income margin contraction for companies in the S&P 500, according to Bloomberg Intelligence. > CFOs who had hoped for tariff clarity by President Trump’s previous July 9 deadline are now facing the challenge of having to update their projections on very short notice, knowing full well that the next tariff announcement from the White House might render their statements out of date. > “We need to be able to react quickly,” said Eva Scherer, CFO of truck manufacturer Daimler Truck AG Truck. “We have templates for deliveries into certain locations so that we can plug in the tariff rates and see how the forecast changes.” Here’s how CFOs think about their upcoming results and their companies’ profit margins. Thank you to Gina Martin Adams, Wendy Soong, Eva Scherer, Helene von Roeder, Harmit Singh, Dave Marberger, Okazaki Takeshi, Scott Chronert, Mark Cazares, Laurent Douillet and, as always, Beth Williams Liou! https://lnkd.in/eBJwQ2Vs #tariffs #secondquarterearnings #profitmargins #guidance #scenarioplanning