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

A divided Supreme Court lifted a judge’s order that required Trump’s administration to give people 10 days notice and a chance to object before they are deported to a so-called third country

Residential real estate brokerage Compass sued Zillow, alleging that the home-search website is using “anticompetitive tactics” with its plan to restrict certain listings.

The first heat wave of the year is set to send temperatures in the city soaring above 100F on primary day, just as the longest lines are expected at poll sites across the five boroughs.

NEXT MONTH: This year’s #BloombergGreen Seattle will spotlight groundbreaking strategies, policy shifts, and industry action—all aimed at accelerating meaningful climate solutions. Be part of the conversation that’s reshaping the climate agenda.🌍   https://bloom.bg/3GdTS5c

The Trump administration's push to slash regulation could fulfill one of Wall Street’s longstanding wishes: an easing of capital requirements for banks. Here's what to know.

A group of Harvard University alumni urged the school not to cave to the Trump administration’s demands as it restarts talks with the White House.

Republican lawmakers claim their proposal to cut hundreds of billions of dollars from Medicaid is designed to protect the country’s most vulnerable — that by focusing on work requirements, they’re simply eliminating waste from the bloated program and ensuring the money goes to those who truly need it. In reality, anyone who relies on public insurance could be affected by the prosed cuts in the Big Beautiful Bill, including about 37 million kids, nearly half of all American children. Some of those kids would lose out either because they are dropped from coverage or because the services they depend on are pared back as states grapple with the cuts. For others, the impact will be more indirect. Perhaps they can’t obtain mental health services because fewer providers accept Medicaid. Or maybe the pediatric dialysis clinic they use is forced to close. Or their caregiver loses coverage, and a medical emergency plunges their family into financial crisis. Read more in my latest for Bloomberg Opinion (gift link): https://lnkd.in/gEgGPdDz

NEXT MONTH: This year’s #BloombergGreen Seattle will spotlight groundbreaking strategies, policy shifts, and industry action—all aimed at accelerating meaningful climate solutions. Be part of the conversation that’s reshaping the climate agenda.🌍   https://bloom.bg/3GdTS5c

Tesla’s self-driving taxis appeared to violate traffic laws during the company’s first day offering paid rides.