Bloomberg Daybreak: US Edition Former FBI Director Comey Charged, $14 Billion TikTok US Valuation
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Sep 26, 2025 Former FBI Director James Comey faces legal challenges after being charged with lying to Congress, stirring debates on political influence in the judiciary. President Trump responds with new tariffs on pharmaceuticals and heavy trucks, including a steep 100% duty on patented drugs. Meanwhile, TikTok's valuation drops to $14 billion, raising eyebrows about its worth compared to traditional industries. The hosts delve into these critical political and economic shifts, highlighting their impacts on the current landscape.
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Comey Indictment Intensifies Political Legal Battles
- James Comey faces charges for alleged false testimony and obstruction related to 2020 leaks in the Clinton probe.
- The indictment intensifies Trump’s pattern of pursuing legal action against perceived political enemies.
Act Now On Tariff Exposure
- Expect wide and uncertain effects from the new tariffs across pharmaceuticals, heavy trucks, and furniture.
- Companies should review U.S. manufacturing plans and supply chains immediately to avoid sudden 100% or high duties.
TikTok Deal Emphasizes Algorithm Control
- The U.S. framework would allow Oracle to audit TikTok's algorithm and give U.S. investors control.
- Vice President J.D. Vance estimated the U.S. TikTok business at about $14 billion, far below prior valuations.