ASML Holding NV and Taiwan Semiconductor Manufacturing Co. have ways to disable the world’s most sophisticated chipmaking machines in the event that China invades Taiwan. bloomberg.com/news/articles/…

(Bloomberg) -- Seafood restaurant chain Red Lobsterfiled for bankruptcy, succumbing to onerous leases, high labor costs and a disastrous unlimited shrimp promotion.

Nippon Steel is pressing ahead with a charm offensive to try and seal its purchase of the iconic U.S. Steel. The union is unswayed and Biden’s opposition looms large.

Via James Attwood , Jennifer Jacobs and me:

bloomberg.com/news/articles/…

Remember DHS's troubled intelligence unit that failed to adequately warn about Jan. 6 & collected intel on US journalists in 2020 protests?

It's undergoing a fresh overhaul. I talked with Under Secretary Ken Wainstein about the shift:

news.bgov.com/bloomberg-gove…

Biden's campaign is leaning into an issue that his White House rarely does: stock market record highs.

RFK Jr.'s running mate, Nicole Shanahan, donated $8 million to the campaign in April, per a statement. The campaign says it now has enough funding for its push to get on the ballot in all 50 states & DC.

(Bloomberg) -- Jamie Dimon said he’s still more worried about inflation than markets appear to be.

bloomberg.com/news/articles/…

The White House has also been deflecting questions about its own executive order plans on the border, signaling it wants to see the final fate of this bill first.

The S&P 500 notched its 23rd record high of 2024 on Wednesday. bloomberg.com/news/articles/…

Biden said “I am” just now when asked by Danny Kemp in the cabinet room if he was looking forward to the debates with Trump.

Biden is meeting now with Joint Chiefs and Combatant Commanders, and said they’ll discuss a range of issues. “I do want to kick it off with one comment — Thank you, thank you, thank you, thank you,” he said.

Romney says he’s looking forward to Trump and Biden debating.

“It’ll be entertaining, informative. Like the two old guys on the Muppets.”

The presidential debates no one thought would happen are happening (for now)

via Laura Davison + Stephanie Lai + Gregory Korte
bloomberg.com/news/articles/…

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