UEFA Threatens World Cup Boycott, Jersey Mike's Sinks in Debut, More
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news when you want it with bloomberg news now i'm amy morris uefa members have agreed to boycott the world cup if fifa moves forward with a planned sale bloomberg business of sports reporter randall williams says this will have an impact so you think about the members of uefa it is the world champion spain it is one of the final four two of the final three of the final four now that i think about it it is england it is france it is croatia it is
Portugal, where Cristiano Ronaldo plays. And so a lot of these superpowers in the global business of football and the global sport of football are saying, you do this and we're out. That strips the World Cup of a lot of its popularity.
Hear more from Randall Williams on the Bloomberg Intelligence podcast. FIFA's plans were to raise as much as $4.2 billion from a new holding company of external investors, including Thrive, which is owned by Joshua Kushner, a venture capitalist with family ties to President Trump. Jersey Mike's shares slumped nearly 9% in their trading debut after the company and some of its shareholders raised a billion dollars in an IPO that priced at the midpoint of its marketed range. Bloomberg's equity capital market reporter, Anthony Hughes.
We've got a situation here where this is a company that was bought by Blackstone in early 2025 and they're already looking to take it public and crystallize some gains. On the face of it, it looks like the IPO valuation is not too much higher than the price at which they paid for it.
Bloomberg's Anthony Hughes on Bloomberg Intelligence. Jersey Mike's now trading under the ticker symbol JMKE. Shares now down more than 4%. President Trump says he may withdraw and delay Todd Blanch's nomination as Attorney General until Republican Senators John Cornyn and Tom Tillis leave office. Cornyn and Tillis want assurances in writing that spell a final end to an anti-weaponization fund created to resolve Trump's lawsuit against the IRS. Senator Tillis tells CNN that someone is steering the president wrong.
The president's getting bad advice. He should listen to Blanch and others who think if it's dead, it should be rendered completely dead. What do you mean he's getting bad advice? Somebody's telling him to not do what Blanche said they were going to do.
President Trump posting on social media he has no problem with temporarily withdrawing Blanche's name and then re-nominating him after Cornyn and Tillis leave office next year. A year after his falling out with President Trump, even threatening to launch his own third party, Elon Musk is reportedly ready to jump back into politics. Sources tell The New York Times that Musk has authorized his super PAC to spend up to $120 million on a new field program in Alaska, Iowa, Maine, Michigan and Ohio, with talks about North Carolina, Georgia and Texas to elect Republicans in November. A rebound in giant chip makers lifted stocks on speculation that the AI trade has more room to run. Microsoft shares 17% higher after posting its fastest cloud growth in four years.
Meta shares are 9% lower after having to defend its AI bets to skeptical investors.
Why are UEFA members threatening to boycott the World Cup over FIFA's proposed sale?
Meta says it has already committed almost $700 billion in future spending through long and short-term agreements. related to AI data centers, cloud computing, and more. Assets at the hedge fund Situational Awareness have slumped to about $10 billion after Ken Griffin Citadel stepped in to buy the bulk of its public stock bets. Situational Awareness had more than $20 billion in assets as of late May. and it still has private stakes, including in Anthropic.
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