Bloomberg News Now July 19, 2025: WSJ: Bessent Made Case for Powell, Astronomer CEO Resigns, More
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Jul 20, 2025 Discover key insights on Treasury Secretary Scott Bessent's support for Jerome Powell and the unexpected resignation of Astronomer's CEO Andy Byron. Dive into vital updates on Ukraine's peace proposals and the ongoing Jeffrey Epstein case. Explore BP's strategic shift back to oil and gas as it divests from wind energy, and get the latest on the Open Championship, highlighting the role of integrated technology solutions in business.
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Bessent's Case Against Powell Ouster
- Scott Bessent advised President Trump against ousting Fed Chair Jerome Powell to avoid economic and market disruption.
- He highlighted the hurdles of political and legal challenges along with an impending Fed interest rate cut.
Astronomer CEO Resignation Incident
- Astronomer CEO resigned after a controversial 'kiss cam' hug with HR director at a Coldplay concert went viral.
- The company emphasized its standards for conduct and accountability were not met.
Hollywood Car Crowd Incident
- A car deliberately struck a crowd near a Hollywood nightclub after the driver got into conflicts inside the venue.
- The chaotic incident injured dozens and ended with the driver being beaten and sustaining a gunshot wound.