DealBook Newsletter

Highlights

  1. If Not President Biden, Then Who?

    Democrats and donors are pondering who could be the best alternative to take on Donald Trump after faltering attempts to calm nerves following last week’s debate.

     By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch, Ephrat Livni and

    Cracks are beginning to appear in the Democratic Party’s support of President Biden after last week’s debate debacle.
    Cracks are beginning to appear in the Democratic Party’s support of President Biden after last week’s debate debacle.
    CreditYuri Gripas for The New York Times
    1. Should a Gusher of Donations Calm Democrats?

      President Biden’s campaign said it had raised $127 million last month, but big donors are still anxious after his debate performance.

       By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and

      President Biden’s camp is hoping to allay fears about his health and stoke worries about a Trump re-election.
      President Biden’s camp is hoping to allay fears about his health and stoke worries about a Trump re-election.
      CreditDoug Mills/The New York Times
    2. What Will Biden Donors Do Now?

      Some wealthy supporters have offered positive assessments of the president after his disastrous debate, but others worry that the ticket is on the path to defeat.

       By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and

      President Biden tried to put distance between himself and last week’s rough debate performance, but some Democrat donors need convincing.
      President Biden tried to put distance between himself and last week’s rough debate performance, but some Democrat donors need convincing.
      CreditElizabeth Frantz/Reuters
  1. Biden? Trump? The Politics of Talking About It at the Office.

    Some companies have banned political discussions at work, but that might be easier said than done.

     By Sarah Kessler and

    President Biden and former President Donald J. Trump faced off in this year’s first presidential debate on Thursday.
    CreditKenny Holston/The New York Times
  2. Democratic Donors’ Big Question: What’s Plan B?

    An unsteady debate performance by President Biden has scrambled the thinking among some donors about whether the party needs to find an alternative.

     By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and

    After an unsteady debate performance by President Biden, Democrats wonder what’s their next step.
    CreditRuth Fremson/The New York Times
  3. A Debate Cheat Sheet for Business

    Tax policy, inflation, the economy and markets will be some key issues for corporate America and Wall Street in tonight’s showdown between President Biden and Donald Trump.

     By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and

    Economy, inflation and the fitness of both President Biden and Donald Trump will be in focus during tonight’s presidential debate.
    CreditJim Wilson/The New York Times
  4. Why Many C.E.O.s Are Silent on the Biden-Trump Rematch

    The C-suite has been relatively quiet about the presidential election, as executives fear becoming a political target.

     By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and

    Corporate leaders have largely gone quiet on both candidates, who will debate on Thursday for the first time since 2020.
    CreditErin Schaff/The New York Times
  5. Inside Nvidia’s $500 Billion Wipeout

    The chipmaker’s stock has tumbled in recent days, a reminder that the artificial intelligence stock boom could be tough to sustain.

     By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and

    Jensen Huang of Nvidia has seen the chip maker shrink in value in recent days.
    CreditRitchie B Tongo/EPA, via Shutterstock
  1. Apple’s European Headache

    The iPhone maker is the first U.S. tech giant charged with breaching the European Union’s Digital Markets Act, potentially exposing it to huge fines.

     By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and

    Margrethe Vestager, the European Union’s competition chief, called the bloc’s charges against Apple a “very important” moment for policing market abuses in the digital age.
    CreditPool photo by Francisco Seco, Reuters.
  2. Going After the Middleman

    Assistant Attorney General Jonathan Kanter, the Justice Department’s top antitrust official, talked with DealBook about the agency’s focus on middlemen companies and the challenge of A.I.

     By Lauren Hirsch and

    Assistant Attorney General Jonathan Kanter said in a DealBook interview that “our system is premised on the notion that competition yields better outcomes.”
    CreditJose Luis Magana/Associated Press

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  1. Powell Cheers Markets Looking for Signs on Rate Cuts

    The S&P 500 winning streak rolled on after the Fed chair made encouraging comments about inflation and the state of the labor market.

    By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni

     
  2. Biden Pushes Back Against Big Donors

    The president’s joined a call intended to soothe wealthy backers’ worries and tried to shift the focus to attacking Donald Trump.

    By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni

     
  3. Biden’s Wall Street Donors Are Increasingly ‘Concerned’

    Major backers in finance spent the weekend discussing whether to stick with the president, or to call on him to withdraw.

    By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch, Ephrat Livni, Vivienne Walt and Benjamin Mullin

     
  4. How Billionaires Are Reshaping the Presidential Race

    Wealthy donors including Timothy Mellon helped Donald Trump’s campaign out-raise President Biden’s last month, but Democratic supporters are still spending.

    By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni

     
  5. Inside Elon Musk’s Mission to Win Back Advertisers

    The billionaire met with senior brand executives at the Cannes Lions advertising festival this week, after crudely telling them off last year.

    By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni

     
  6. Boeing’s Bumpy Ride Isn’t Over

    Dave Calhoun, the embattled company’s C.E.O., heads to Capitol Hill amid new whistle-blower accusations and questions over succession.

    By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni

     
  7. Is Social Media the New Tobacco?

    Vivek Murthy, the U.S. surgeon general, wants warning labels on the tech platforms, arguing that they are fueling a mental health crisis among teens.

    By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch, Ephrat Livni and Vivienne Walt

     
  8. The Business of Being Lorne Michaels

    For 50 years, Michaels has managed both the weekly circus of producing “Saturday Night Live” and the broader task of keeping it relevant. How does he do it?

    By Lauren Hirsch

     
  9. What Elon Musk’s Convincing Win Means for Tesla

    Investors voted overwhelmingly to reinstate the C.E.O.’s multibillion-dollar compensation package, inextricably tying the car maker’s future to the tech billionaire.

    By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni

     
  10. Why Investors Don’t Believe the Fed

    Markets appear to be dismissing the central bank’s more pessimistic take on inflation, as the S&P 500 nears a new high.

    By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch, Ephrat Livni, Benjamin Mullin and Vivienne Walt

     
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