Category: Business

The global gold market relies on a network of banks, refineries and couriers that can fly bullion between key trading hubs at a moment’s notice in pursuit of the highest prices. On Friday, a shock US ruling suggesting that the metal would be subject to tariffs plunged that system into chaos. Source: Bloomberg Markets.

On July 4, as the US celebrated Independence Day, Switzerland’s top circle of ministers also had reason to rejoice. They’d secured a deal to avoid punitive tariffs from Donald Trump — or so they thought. Source: Bloomberg Markets.

Codelco secured the approval of Chile’s mining authority to resume some underground activities at its biggest copper mine, a week after a fatal accident led to work being halted. Labor regulators still need to sign off on the plan. Source: Bloomberg Markets.

Some of the world’s biggest investors in private equity are worried they could lose their special status as thousands of retail investors get invited into an asset class that had been reserved for sophisticated clients. Source: Bloomberg Markets.

CureVac NV has settled a long-running patent dispute over mRNA vaccines with Pfizer Inc. and BioNTech SE in the US, which will see CureVac’s former collaborator GSK Plc receive as much as $500 million and 1% of royalties from future vaccine sales. Source: Bloomberg Markets.

Apple is engaging in some amount of “political theater” with its latest $100 billion US investment announcement, says Creative Strategies Principal Analyst Carolina Milanesi. She joins Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg) Source: Bloomberg Markets.

Wes Edens needed a win. Source: Bloomberg Markets.

Prime Minister Narendra Modi pledged to safeguard the interests of farmers, a day after President Donald Trump doubled tariffs on Indian goods, with pressure mounting on New Delhi to open up its markets to US exports. Source: Bloomberg Markets.