Bloomberg Daybreak: Europe Edition US Targets Russian Oil, Musk Hijacks Tesla Earnings, Deepseek in Africa
Oct 23, 2025
US sanctions on major Russian oil producers aim to cripple Putin's economy amidst the ongoing war in Ukraine. Meanwhile, Elon Musk passionately advocates for his staggering $1 trillion pay package during Tesla's earnings call, while criticizing shareholder advisory firms. The EU is pushing for tighter regulations to enhance competitiveness, and Huawei's DeepSeek emerges as a compelling AI alternative for African startups despite concerns over data access and Chinese law. Innovative market moves and government responses are shaping the global landscape.
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US Targets Russia's Oil Core
- The US sanctioned Russia's top oil producers Rosneft and Lukoil, signaling a major policy shift to pressure Vladimir Putin.
- Markets reacted immediately with Brent rising over 3% as traders weigh the sanctions' slow-burning but potentially large fiscal impact on Russia.
Prepare For Possible Tech Export Limits
- The US is keeping all tech export control options on the table, including software and engines, and likely will coordinate with G7 allies.
- Monitor policy discussions ahead of the US-China presidential meeting for potential combined restrictions.
Musk Hijacks Tesla Earnings Call
- Elon Musk used Tesla's earnings call to personally attack shareholder advisory firms and plead for support for his $1 trillion pay package.
- He called ISS and Glass-Lewis "corporate terrorists" while warning about being ousted if investors followed their recommendations.