Bloomberg Daybreak: Europe Edition Gold's Decade-Sized Plunge, Europe's Ukraine Plan, UK Growth in The Sewer
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Oct 22, 2025 Ashley Furlong, a health reporter for Bloomberg, dives into the pressing infrastructure woes hindering Cambridge's life sciences sector, notably sewage and utility capacity issues. She exposes how Anglian Water's limits impact development and contribute to broader UK infrastructure challenges. The conversation also touches on corporate hesitance and the implications for drug pricing negotiations, illuminating the critical link between local resources and national healthcare innovations.
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Gold's Rally Faces A Real Test
- Gold's sharp sell-off marks the first major test of its year-long mega rally and suggests the market may be overheated.
- Central-bank buying and inflation fears drove gains, but speculative flows now risk making prices volatile.
Trump Leaves Summit Conditional
- President Trump signaled he won't hold a 'wasted meeting' with Putin and reiterated support for freezing the war along current battle lines.
- His stance complicates prospects for a summit, as Russia has rejected Kyiv conceding territory.
Europe's 12-Point Ukraine Peace Plan
- European countries and Ukraine are crafting a 12-point peace plan to freeze the war along current lines and create a peace board chaired by the US president.
- The plan ties gradual Russian sanction relief to prisoner exchanges, reparations funding, and a fast EU accession path for Ukraine.