Companies are already flip-flopping export-oriented supply chains out of the US, raising the risk tariffs force manufacturers to isolate America in the same way they did China. It's the latest reminder tariffs have unintended effects. My newsletter: www.bloomberg.com/news/newslet... @bloomberg.com

DOGE claimed to have wrought $8 billion in savings by killing one contract. Except it was worth $8 million, not $8 billion. For context, ICE's total annual budget is about $9 billion. www.bloomberg.com/news/article... via @bloomberg.com

🚨BIG SCOOP: Musk’s DOGE Teen Was Fired By Cybersecurity Firm for Leaking Company Secrets Edward Coristine posted online that he had retained access to the firm’s servers. Now he has access to sensitive government information. 🎁 www.bloomberg.com/news/article...

The thing about the conglomerate model is that it works until it doesn’t. And once investors decide it’s no longer working, it can be incredibly difficult to change that narrative. And so Honeywell is joining the breakup craze. This week's newsletter: www.bloomberg.com/news/newslet... @bloomberg.com

It's anyone's guess what Trump's ultimate plan is for tariffs but manufacturers are planning to respond with price increases — including on heaters and air conditioners. This week's newsletter: www.bloomberg.com/news/newslet... via @bloomberg.com

“If you're a defense contractor whose name doesn't end in X, you're probably worried — for good reason," says Rep. Seth Moulton. The more isolationist and penny-pinching America that Trump envisions will pose challenges for defense contractors. www.bloomberg.com/news/newslet... @bloomberg.com

Elon Musk and Vivek Ramaswamy are going to find it harder than they think to cut spending and regulations by firing federal workers, says @byjustinfox.bsky.social via @opinion.bsky.social www.bloomberg.com/opinion/arti...

Republicans may end up cutting the consumer EV tax credit but saving the manufacturing credits tied to jobs in their districts — in other words: ‘What do we want? No EVs! Where should we build them? Here!’ @opinion.bsky.social www.bloomberg.com/opinion/arti...

“Nobody knows what’s going to happen. We can project, but the projection isn’t so comforting.” CEOs are preparing for a repeat of the chaotic, transactional governance of Trump's first term. www.bloomberg.com/news/article... @bloomberg.com