Hydrogen has long been touted as the fuel of the future, but it’s never quite taken off. Meet the scientists and entrepreneurs who are making it a reality.
Bloomberg Best features the best stories of the day from Bloomberg Radio, Bloomberg Television, and 120 countries around the world.
It’s thought that many planetary bodies in our solar system contain liquid water deep below their icy surfaces. NASA is sending a probe, called Europa Clipper, to investigate the potential habitability of one of these ocean worlds.
Serena Williams Loses to Tomljanovic in US Open Farewell
NASA Ready for Second Attempt to Launch Artemis 1 Moon Mission
Wendy’s-Linked E. Coli Outbreak Spreads to New York, Kentucky
Yankee Candle Founder’s $23 Million Massachusetts Compound Comes With Bellagio-Inspired Water Park
Self-Driving Tech Company Floats Possible Sale to Apple or Microsoft
Biden Weighing Actions to Curb US Investment in China Tech
Megawide Plans Bus Terminals, Data Centers From Sale of Airport
US Deals Heavy Blow to China Tech Ambitions With Nvidia Chip Ban
Rajapaksa Returns to Sri Lanka Weeks After Losing Power, AP Says
Trump Misses Filing Deadline in Conspiracy Suit Against Clinton
Citigroup Cuts Dozens of Mortgage Staffers After Housing Market Slows
Yankee Candle Founder’s $23 Million Massachusetts Compound Comes With Bellagio-Inspired Water Park
Jane Fonda Says She Has Cancer, Is Dealing Well With Chemo
New York DA Is Seizing ‘Looted’ Ancient Artifacts From the Met
A Job Market Anomaly Begins to Correct
Subtle Job Growth Shift Exposes Cracks in Labor Market
California Steamin’ on Such a Summer’s Day
The ESG Crown Is Slipping, and It’s Mostly the Fund Industry’s Own Fault
A New Contaminant Found in Popular Drugs Could Cost Big Pharma Millions
The Anti-ESG Crusader Who Wants to Pick a Fight With BlackRock
Serena Williams Forever Changed How Brands See Female Athletes
US Women’s Employment Nears Level Not Seen Since February 2020
Bankers at CIBC London Had Book of Sexual Jokes About Women
Californians Asked to Conserve Power Amid Brutal Heat Wave
California Faces Blackout Risks Through Labor Day Holiday
Texas Sees Historic 26% Surge in Tax Revenue as Inflation Soars
Berlin’s New Fleet of Electric Buses Can’t Come Fast Enough
In a First for Architects, a New York City Firm Forms a Union
Crypto Firms Are Still Investing Big in Sports
Bankrupt Celsius Seeks to Return $50 Million of Locked Crypto
A Dozen Crypto ETFs That All Act the Same: An Industry Identity Crisis
Carmen Arroyo
President Joe Biden’s student loan forgiveness program could upend a more than $100 billion market for bonds which repackage older student debt, rerouting funds to a small suite of other floating-rate structured products instead.
The administration revealed a raft of student-loan relief measures last week, which will forgive as much as $20,000 in federal debt held by some 43 million Americans. But the plan is also likely to incentivize borrowers to swap older, bank-owned loans that don’t qualify for the benefits for new loans that do qualify under the Direct Loan program. This would slash in half the existing Federal Family Education Loan Program (FFELP) asset-backed securities market financed by those older loans predating 2010, according to BofA Securities.
About Author
