SAN FRANCISCO (Reuters Breakingviews) - Investors worried about a dispute over this year's U.S. presidential election had better plan for months of market maneuvers. The Bush v. Gore legal fight 20 years ago is a tame example. A confused, knife-edge late 19th century battle may be more relevant: The winner emerged only in March, just before the inauguration.
SAN FRANCISCO (Reuters Breakingviews) - Whoever wins the U.S. presidential election in November will face unprecedented challenges. The Federal Reserve expects a slow recovery after the pandemic-induced setback. The new boss will need a team of experienced aides providing sound advice to help him nurse the economy back to health. Joe Biden, the Democrat and former vice president, may have an advantage over Donald Trump in the war for talent, Breakingviews’s latest edition of the Economic Dream Team Machine shows. (Click here to build your teams: https://tmsnrt.rs/2Rf8mol)
SAN FRANCISCO (Reuters Breakingviews) - Donald Trump just got a chance to do his biggest favor yet for business. The death of Justice Ruth Bader Ginsburg on Friday hands the U.S. president his third Supreme Court pick since he took office in 2017. He has already appointed 25% of active federal judges too. The resulting anti-regulation bias could last a generation – long after other pro-capital measures like his generous tax cuts have faded into memory.
SAN FRANCISCO (Reuters Breakingviews) - A slimmed down deal for TikTok will ring in the ears of cross-border dealmakers. The ByteDance unit hopes to avoid a sale by forging a tech partnership with Oracle. It hardly amounts to the clean break from its Chinese owners that U.S. President Donald Trump demanded, which is why several Republican senators on Wednesday told the White House they’re against the deal. But political maneuvering had a big influence. That makes Washington approvals even less predictable for would-be foreign buyers of U.S. assets.
SAN FRANCISCO/NEW YORK (Reuters Breakingviews) - The presumptive Democratic candidate to challenge Donald Trump for the presidency chose California Senator Kamala Harris as his running mate. Gina Chon and Rob Cox discuss the parallels with corporate succession planning and what the choice says about economic policy.
SAN FRANCISCO/HONG KONG (Reuters Breakingviews) - The U.S.-China tech spat is a less costly fight than the trade war. The two nations will review their deal that reduced tariffs as the White House refocuses on purging Chinese technology. The latter is nothing to celebrate, but at least the economic implications are more limited than sweeping import levies.
SAN FRANCISCO (Reuters Breakingviews) - Joe Biden’s vice presidential pick will face stiff competition to succeed him. The Democratic nominee chose U.S. Senator Kamala Harris of California as his running mate. His age gives the role more standing. But other White House wannabes may also land senior government jobs if Biden wins in November against President Donald Trump.
HONG KONG/SAN FRANCISCO (Reuters Breakingviews) - Washington’s Chinese firewall is a tall order. U.S. Secretary of State Mike Pompeo wants to purge America’s internet of Chinese telecoms, apps, cloud services and more. In effect he is trying to put an information ring-fence around the People’s Republic, and wants other countries to join in.
SAN FRANCISCO (Reuters Breakingviews) - Microsoft may finally get its social-media breakthrough. The least cool technology giant is in talks to buy parts of TikTok, the wildly popular Chinese-owned video app. Owning it could finally bring buzz and more advertising dollars. But there are political risks, and buying only a portion of the ByteDance unit may be messy.
SAN FRANCISCO (Reuters Breakingviews) - TikTok is finding out the hard way that the Oval Office may hold the trump cards in deals that raise national security concerns. President Donald Trump pushed for a sale of the popular video app, then threatened to ban it, prompting a call between him and suitor Microsoft’s Chief Executive Satya Nadella to salvage talks. The seller, parent company Beijing-based ByteDance, and other potential buyers have much to worry about.