Bloomberg Daybreak: Europe Edition Trump-Musk Plan Fails, US Shutdown Looms & Why Firms Aren't Listing
Dec 20, 2024
A proposed funding plan faces rejection, inching the U.S. closer to a government shutdown and revealing deep party tensions. In the UK, discussions of stricter political donation rules surface amid concerns over Elon Musk's potential influence on party funding. Meanwhile, the Bank of England adjusts its strategy as the UK grapples with rising inflation and a significant drop in car production. Companies like SpaceX opt to remain private, navigating the challenges of high valuation and regulatory hurdles, while the landscape of public versus private ownership continues to evolve.
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Funding Plan Rejected
- The Republican-led House rejected a US government funding plan backed by Trump.
- Over 38 Republicans voted against the proposal, risking a government shutdown.
Mandelson as Ambassador
- Peter Mandelson may become the UK's ambassador to the US.
- This appointment aims to mitigate potential trade tariffs under a Trump presidency.
Election Finance Rules
- The UK government considers stricter election finance rules.
- This comes amid rumors of a substantial donation from Elon Musk to the Reform UK party.