Bloomberg News Now January 1, 2026: NYC Mayor Mamdani Day One, Deadly Swiss Bar Blaze, More
Jan 2, 2026
Zoran Mamdani's historic inauguration as NYC's mayor brings ambitious promises for affordable services. His plans for free buses, childcare, and rent freezes face significant challenges. A tragic fire at a Swiss bar left nearly 40 dead, prompting the Swiss president to call for action to prevent future disasters. Meanwhile, Volodymyr Zelensky discusses the state of peace talks with Russia, while drone strikes in occupied regions escalate tensions. In domestic news, Trump delays tariff increases, and states plan to restrict SNAP purchases of unhealthy foods.
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New Mayor's Bold Policy Agenda
- Zoran Mamdani's inauguration marks multiple firsts for New York City, signaling demographic and generational change.
- His platform centers on affordability, free buses, rent freezes for some, and universal childcare as priorities.
Candle Sparked Deadly Swiss Bar Fire
- A candle on a bottle reportedly ignited the ceiling and caused a catastrophic overnight fire at a Swiss Alps bar.
- Officials recovered phones and interviewed witnesses to check safety procedures and emergency exits after dozens died.
Swiss Leader Calls For Accountability
- Swiss President Guy Parmalon called the blaze one of the country's worst tragedies and urged honoring victims' lives and preventing repeats.
- Investigations will focus on venue safety to ensure such disasters don't recur.