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Insight and analysis of top stories from our award winning magazine “Bloomberg Businessweek”.
On this week’s episode of IDEA GENERATION, Scooter Braun takes us on a journey from his days as a college dropout and party promoter in Atlanta, to becoming one of the most successful music executives on the planet. From his time as manager of Justin Bieber and Asher Roth, to his part in acquiring Big Machine Records, to selling his own company for $1 billion, Braun has built one of the most impressive resumes in music. And it all started with one idea.
Gas Price Plunge Brings Relief to Europe After Energy Panic
China Jet to Rival Airbus, Boeing Makes First Commercial Flight
Chinese Tourist Arrivals in Thailand This Year Reach 1 Million
Australian Trade Chief Eyes China Export Breakthrough for Barley
Argentina Economic Chief to Fly to China for Swap Line Talks
LVMH Won’t Proceed With Beverly Hills Hotel as Vote Falls Short
Here’s Why Buying a Chunk of America Can Be an Inflation Hedge
Iranian Border Guards Killed in Taliban Clash Amid Water Dispute
South Korea’s Naver to Offer AI to Foreign Governments: FT
Sunak Looks to Cap Basic Food Prices in Fight Against Inflation 
Italy Still Mulling Whether to Pull Out of China Pact: Meloni
Can Big Tech Gains Turn London’s Luxury Property Bears Into Bulls?
Apollo Helps Finance Purchase of Manhattan Apartment Building
Schofield Denied Rumours of a Relationship in 2020, ITV Says
How Summer Air Travel Got So Crowded and Expensive
Don’t Pitch Jets Against Pets
Private School DEI Lawsuits Are Destined to Fail
America’s Bling Budget Is Shrinking – and LVMH Knows It
You’re the CEO and Your Company Got Hacked—What Now?
Jazz Struggles on Streaming, But Vinyl Sales Give the Genre Hope
Sergey Brin Has a Secret Plan to Put Airships Back in the Skies
UK Army Officers Forced Electric Shock Treatment on Gay Soldiers
Harris Is First Woman to Deliver Commencement Speech at West Point
Debt-Limit Deal Omits Broad Overhaul to Speed Up Energy Permits
6 Ads Banned for Greenwashing by the UK’s Advertising Watchdog
Ireland’s New Rugby Museum Scores Win for Georgian Architecture Fans
Berlin’s Efforts to Reduce Driving Stalled by German Car Culture
Chicago Readies ‘Peacekeepers’ to Prevent Memorial Day Crime Wave
Binance to Launch New Platform for Japan Residents in Summer
Bitcoin’s Volatility Drops to Lowest Since 2020 While AI Tokens Take Off
Silvergate Void Sparks Rush for Crypto-Savvy Compliance Workers
To win a coveted New York casino license, he’s ‘hired the best team that money can buy.’ 
Hedge fund titan and New York Mets owner Steve Cohen is pursuing a coveted casino license for a gaming facility he wants to build next door to Citi Field in Queens.
Photographer: Thomas A. Ferrara/Newsday/Getty Images
Laura Nahmias and
Gregory Korte
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Steve Cohen likes to boast that he’ll spend whatever it takes to win.
He did it over three decades building his $27.2 billion investment business, buying the New York Mets for $2.4 billion in 2020 and then assembling a team to win the World Series at such incredible cost — his $353 million payroll is the highest in MLB history — that rival owners dubbed a penalty teams must pay when their payroll exceeds a certain level the “Cohen tax.” (The Cohen Mets haven’t won a World Series yet.)

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