Your Evening Briefing

Here are today's top stories

Want to receive this post in your inbox every afternoon? Sign up here.

Twenty minutes after Bloomberg News dropped the scoop that there were no recordings of conversations between President Trump and fired FBI Director James Comey in the Oval Office, the president took to his favorite social media platform to have his say. Ending weeks of speculation about the existence of the tapes he’d referred to in May, Trump tweeted: “I have no idea whether there are 'tapes' or recordings of my conversations with James Comey, but I did not make, and do not have, any such recordings.” And so ends that saga.

On to the next: the Senate today released its Obamacare replacement proposal. Here’s a look at how it would change health care.—Katie Robertson

Senate health care plan relies on subsidies the GOP has faulted. Senate Republicans’ proposal to replace Obamacare, released Thursday after months of closed-door meetings, would provide an additional $50 billion over four years to stabilize insurance exchanges, relying on a mechanism Republicans have criticized in the past as a way to keep insurers in the marketplace. The draft bill was immediately opposed by a group of four GOP senators.

Is your job about to disappear? Some economists think there won’t be enough jobs to go around in the not-too-distant future, as robots and artificial intelligence become increasingly capable of performing human tasks. With nearly half of all U.S. jobs estimated to be at risk in the coming decades, you can check out the forecast for your occupation

Oil's least favorite day of the week. With investors focused on the question of oversupply in the oil market, a familiar pattern is emerging in the price of crude. On Wednesdays – when the Energy Information Administration releases its latest data for U.S. production and inventories – oil prices take a tumble.

Buffett’s lifeline to Home Capital comes with a sweetener that could juice his returns: discounted stock in the embattled Canadian lender. Berkshire Hathaway is providing a C$2 billion ($1.5 billion) credit line at 9 percent interest, and also agreed to acquire a 38 percent equity stake for about C$400 million, which will make Warren Buffett the company’s largest stockholder.

There could be ketamine in your "natural chicken." "Special K" has long been a drug of choice for clubgoers, but it could also be in Sanderson Farms’ "100% Natural" chicken products, according to a new lawsuit brought by consumer advocacy groups. The complaint says government testing found ketamine and other questionable substances during inspections of Sanderson Farms’ locations.

Reno is starting to look more like Silicon Valley. Not long ago, the Nevada city was a home foreclosure capital and fading casino town. A run-the-robots manufacturing base anchored by Tesla’s gigafactory has helped slash unemployment, though not everyone is seeing the upside.

Ivanka Trump’s spas are her last luxury brand. The First Daughter's White House role as an unpaid government employee, which makes her legally bound to ethics rules, hasn’t stopped her from capitalizing on her name. Two recently opened outposts of the Spa by Ivanka Trump, located at Trump hotels in Vancouver and Washington, offer up pricey diamond brightening and citrus drenches. While the spas are the swankiest thing still attached to her brand, the rest of Ivanka Trump’s commercial enterprise has gone decidedly down-market.

    Before it's here, it's on the Bloomberg Terminal.
    LEARN MORE