A true honor and a privilege to welcome a group from Military Veterans in Journalism to Bloomberg HQ yesterday for a tour, panel discussion and networking event. Great group of working and aspiring journalists with something special to offer the newsroom. And a true full circle moment for me.

Musk now controls 5 companies that intersect with government policy to varying degrees, giving him unmatched global clout to go with his enormous wealth. For today's Big Take Saleha Mohsin, Jennifer Jacobs and I explore why that makes some people nervous

bloomberg.com/news/features/…

Thank you SABEW for the honorable mention for our coverage of Russian sanctions. Nick Wadhams Daniel Flatley the fearless Daryna Krasnolutska Todd Gillespie and many more from the fantastic team at Bloomberg

Ex-LA Mayor Eric Garcetti’s Nomination as India Ambassador Advances. Story w/ ⁦Iain Marlow⁩ bloomberg.com/news/articles/…

SCOOP Australia’s new fleet of nuclear-powered submarines will be based on a modified British design with US parts, as the countries press ahead with a security partnership meant to counter China bloomberg.com/news/articles/… via Bloomberg Politics

NEWS: The US has confronted the Chinese government with evidence that suggests some state-owned companies may be providing support for Russia’s war effort in Ukraine, as it’s assessing if Beijing is aware of those activities. w/ ⁦Peter Martin⁩ bloomberg.com/news/articles/…

Bit of Professional/Personal News: excited to share that I've taken on an expanded role here Bloomberg Bloomberg Politics helming our newly merged White House & Politics Team as we enter the 2024 presidential campaign cycle. As always, tips welcome!

NEW: The emerging deal Kevin McCarthy is discussing to make him House speaker would propose a roughly $75 billion cut in defense spending. bgovgo.com/nR5abBp

Today we salute our colleague Daniel Flatley and celebrate with him the birthday of the US Marine Corps, where he served for five years before eventually joining the Bloomberg ranks

.⁦Secretary Antony Blinken⁩ leans to the left in front of ⁦Nick Wadhams⁩ ⁦Bloomberg⁩ in a forum this afternoon

Experts say that deploying the Committee on Foreign Investment in the US to investigate Elon Musk’s dealings is unlikely to work and would face legal challenges trib.al/3Q2PuPp

Scoop: Biden admin officials are discussing whether US should subject some of Elon Musk’s ventures to national security reviews, including his deal for Twitter Inc., and the Starlink satellite network, sources tell Saleha Mohsin and me. Bloomberg TV

security experts tell us that even with the solutions being discussed, it's really hard to prevent US TikTok user data from being accessed by China: bloomberg.com/news/articles/…

The US is increasingly using targeted economic measures to achieve its foreign policy goals—and becoming more willing to impose them on bigger countries trib.al/4fh2EZz

Here's the G7 statement. Paragraphs relevant to the price cap on Russian oil are 5-11.

Graf 6 acknowledges that unanimity among the 27 EU nations is required to amend the 6th round of sanctions.

Graf 7 says the actual cap level will be set 'based on a range of technical inputs'

DNI Avril Haines @ODNIgovt confirmed this scoop today: 'The one thing we did not anticipate in the intelligence community [was] the degree to which companies and industry would actually sort of self sanction.'

*Professional* note, part 2: As of today, I’m a diplomatic and national security correspondent for Bloomberg. Excited to get to work!

Biden’s sanctions headache, with ⁦Daniel Flatley⁩ and ⁦Saleha Mohsin⁩: the admin underestimated the amount of self-sanctioning companies would do, a fact that’s contributing to inflation. bloomberg.com/news/articles/…

Scoop w/ Nick Wadhams Saleha Mohsin: US officials surprised by companies pulling out of Russia are worried the move could worsen other problems, like inflation bloomberg.com/news/articles/…

NEW: Some Biden officials privately express concern that rather than dissuade the Kremlin as intended, US sanctions have instead exacerbated inflation, worsened food insecurity and punished ordinary Russians more than Putin or his allies

w/ Daniel Flatley + Nick Wadhams