Takaichi Set to Win Supermajority in Japan, Vonn Crashes, More
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The UK stands apart as a place to do business, not because of one advantage, but many working together. Over £10 trillion in capital, four of the world's top universities, a 10-year industrial strategy in action, its stability with dynamism, global reach with local depth. It all adds up to greater growth. Find out more at business.gov.uk slash growth.
News when you want it with Bloomberg News Now. I'm Monica Ricks. Japanese voters are hitting the polls to deliver a verdict on Prime Minister Sanae Takeuchi's government. And according to exit polls, Takeuchi is on track to win big with a two-third supermajority for the ruling Liberal Democratic Party. A victory would mean she'd likely pursue a proactive fiscal policy with a big focus on investing in rare earths and AI. Washington Post CEO Will Lewis has resigned just days after the newspaper laid off hundreds of staffers. Lewis was a former top executive at the Wall Street Journal before taking over the Post in early 2024, but his tenure has been rocky from the start, marked by big layoffs and a failed reorganization plan.
The Post's chief financial officer, Jeff D'Onofrio, will be taking over as acting publisher and CEO. A 180 this morning from Hims and Hers. Bloomberg's Ed Kalecki says the company's scrapping a copycat version of Wegovy's new weight loss pill.
Hims and Hers Health says it will stop selling its knockoff weight loss pill following an announcement by federal regulators that they were launching an investigation into the telehealth company. On February 6th, the FDA said it would crack down on copycat weight loss drugs like those marketed by HIMSS. The company had said Thursday it would sell a cheaper version of Novo Nordisk's new Wagovi weight loss pill. Ed Kalecki, Bloomberg Radio.
Jack Dorsey's Block plans to cut 10% of its staff. The company's in the process of notifying hundreds of employees right now that their jobs may be eliminated this month during annual performance reviews. It's part of a big efficiency push to boost profits. Savannah Guthrie and her siblings have released a new video offering to pay the ransom for their missing mother. We beg you now to return our mother to us so that we can celebrate with her.
This is the only way we will have peace.
The video followed a second message from Nancy Guthrie's kidnappers. They're reportedly demanding millions in Bitcoin for her return and gave a Monday deadline. White House border czar Tom Homan says he'd like to draw down the number of ICE agents in Minneapolis over the next two weeks, but only if he gets more cooperation from leaders and protesters.
I need some help from the governor and mayor to get the message out there to the public. And as the agitation, as the interference taps down, that allows me to release the security force quicker.
Homan speaking to ABC affiliate KSTP in Minneapolis there. Minnesota Governor Tim Walz has said it's a step in the right direction. A Democratic senator who once served in the CIA is now looking for assurances that the nation's spy chiefs are not being used against President Trump's political opponents.
What is the significance of Takaichi's potential supermajority in Japan?
We get more on that from Bloomberg's Nathan Hager.
Michigan Democrat Alyssa Slotkin sent a letter to CIA Director John Ratcliffe and Director of National Intelligence Tulsi Gabbard. She's raising concerns about Gabbard's involvement in the recent FBI raid on a Georgia election office and about a presidential directive on domestic terrorism, that she says could be turned against current and former officials. Slotkin's asking for answers by February 18th. The letter is likely to have little impact in the Republican-controlled Congress. In Washington, I'm Nathan Hager, Bloomberg Radio.
Plenty of economic data to watch for in the week ahead. Bloomberg's Karen Moscow has a preview.
U.S. retail sales may have moderated in December, according to Bloomberg Intelligence. And that report is out on Tuesday, along with small business optimism and the employment cost index. They get the January jobs report Wednesday, and it may show the jobless rate held at 4.4 percent, with non-farm payrolls rising about 70,000 for the month.
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