Bloomberg President Donald Trump said a phase two trade deal with China isn’t under consideration, saying the relationship between Washington and Beijing has deteriorated too much. “I don’t think about that,” Trump said when asked about the possibility of a second round of trade agreements with China. “The relationship with China has been severely damaged.” Trump’s comments — made to ...

Bloomberg Jio Platforms Ltd., the digital services business controlled by billionaire Mukesh Ambani, completed the sale of 6% of its shares for about $4 billion. Saudi Arabia’s Public Investment Fund closed a deal for a 2.3 percent stake for 113.7 billion rupees ($1.5 billion), according to an exchange filing from Jio’s parent, Reliance Industries Ltd. Silver Lake purchased 2.1% of ...

Bloomberg Oil rebounded as a new virus treatment showed promising results, but rising Covid-19 cases continued to weigh on the market. Oil gained 2.4% in New York, but is still down for the week. The market followed stocks higher after Gilead Sciences Inc. said its remdesivir treatment cut Covid-19 mortality risk by 62%. Still, the coronavirus pandemic is far from ...