Reps on Epstein File Redactions, Trump on US Economy, More
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News when you want it with Bloomberg News Now. I'm Doug Krisner. Today, members of Congress were allowed to review unredacted files on Jeffrey Epstein. Some key lawmakers are now pushing for more information on the sex trafficking probe of Epstein, and they're raising the prospect of new criminal prosecutions. Republican Thomas Massey and Democrat Ro Khanna said they believe there are six men whose names have not been revealed who could face criminal charges. Massey said he is willing to give the DOJ more time to make their names public.
I mean, what we're after is the men who Jeffrey Epstein trafficked women to. We want those names published. We're not out to embarrass people. And the problem is we went in there hoping to see that in 302 forms. What we found out is those 302 forms were redacted before they got to the DOJ.
That is Kentucky Republican Congressman Thomas Massey. Earlier in the day, Ghislaine Maxwell, the convicted accomplice of Epstein, refused to answer any questions from a House panel investigating his activities. She asserted her Fifth Amendment rights. Now, the fallout from the release of the Epstein files is spreading overseas. UK Prime Minister Keir Starmer is facing a call to resign. Starmer had been advised to appoint Peter Mandelson as ambassador to the U.S. Later, it was revealed Mandelson had ties to Epstein. Over the weekend, Starmer's chief of staff, Morgan McSweeney, quit, saying he took full responsibility for recommending Mandelson. But today, several of Starmer's cabinet members voiced support for their prime minister.
President Trump said his pick to lead the Fed, Kevin Warsh, can get the American economy to grow at a rate of 15%. Here is Trump speaking earlier to Fox Business.
If our new head of the Fed, who I think is going to be great, and he's a really high-quality person, but if he does the job that he's capable, we can grow at 15 percent. I think more than that.
President Trump speaking earlier to Fox Business. He went on to say that during the search for a new Fed chairman, he wanted a candidate who would lower interest rates. Trump also said he would not have picked Warsh if he advocated raising rates. Alphabet is going global to finance its ambitions on artificial intelligence.
What recent developments occurred in the Jeffrey Epstein case?
The company is raising $20 billion from a U.S. dollar bond offering. This was more than five times oversubscribed. Alphabet is also pitching what would be the first ever offerings in Switzerland and the U.K. Here is Bloomberg's Caroline Hyde.
They're tapping the Swiss market and the sterling market. In fact, they're looking to sell a really rare 100-year sterling bond as well. So Alphabet is out there across every type of part of the debt market.
That is Bloomberg's Caroline Hyde. Now, the four largest U.S. tech companies are planning to spend a total of $650 billion this year on building out AI infrastructure. Bitcoin traded on either side of $70,000 today after a roller coaster ride at the end of last week. Today, Fed Governor Chris Waller said the initial optimism that lifted crypto markets after President Trump was elected may now be fading.
These kind of ups and downs in the crypto world have become so common they actually have a name for them, winters.
How are lawmakers responding to the Epstein file redactions?
So when you start saying something's a season, you know it's going to be a regular phenomenon. That's part of the game. You get in, you make some money, you might lose some money. That's the nature of the beast in a lot of these things.
Waller was speaking at an event at the Global Independence Center. Now, he went on to say the recent volatility in crypto could be also driven by regulatory uncertainty and risk management moves. Novo Nordisk is suing Hims and Hers Health for making knockoffs of Novo's obesity medicines, even though Hims already scrapped plans to sell a copycat version of Novo's Wagovi pill.
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