Bloomberg Tesla Inc. could be on the verge of a quarterly record for vehicle deliveries, though the electric carmaker will need to go “all out” in the last few days of the month, Chief Executive Officer Elon Musk wrote in an internal memo. “There is a lot of speculation regarding our vehicle deliveries this quarter,” Musk told employees in an ...

Bloomberg Oracle Corp.’s shares climbed after the world’s second-largest software maker returned to sales growth and gave a forecast indicating the momentum may continue. For investors, the results were a reprieve amid the company’s uneven transition to cloud-based computing. Revenue increased 1.1 percent to $11.1 billion in the period ended on May 31 from a year earlier, the Redwood City, ...

Bloomberg A group of creditors angling for control of PG&E Corp. is pushing to scuttle the bankrupt utility’s $31 billion restructuring plan. An ad hoc committee of unsecured lenders filed a motion to terminate the period of exclusivity that PG&E has to file a plan for emerging from Chapter 11, according to a court filing. That period ends on September ...

Bloomberg Bristol-Myers Squibb Co. agreed to divest one of Celgene Corp.’s most lucrative drugs in order to close their planned $74 billion merger. Under an agreement with the Federal Trade Commission, Bristol-Myers will sell off the psoriasis pill Otezla to appease antitrust regulators’ concerns, the company said in a statement. Bristol- Myers shares fell 7.6 percent to $45.57 in New ...

Bloomberg Iran’s supreme leader scorned the idea of negotiations to ease his country’s tense standoff with the US in his first comments since being sanctioned by Donald Trump. “If we agree in negotiations to their demands, they will make the nation miserable,” Ayatollah Ali Khamenei said, arguing Washington was attempting to strip Iran of its economic and defense capabilities. “And ...

Bloomberg Ethiopian Prime Minister Abiy Ahmed vowed to press ahead with his reform agenda, saying he won’t be deterred by attacks on the country’s leadership. “We will learn from the obstacles to prevent it from happening again,” Abiy said in a statement posted on his office’s Twitter account. “We will not steer away from our reforms, not even for a ...

Bloomberg Secretary of State Michael Pompeo said in a visit to Afghanistan that the US is close to finishing a draft deal with the Taliban to ensure the country doesn’t become a terrorist haven, paving the way for talks on withdrawing American troops after 18 years of war. Pompeo made the remarks from the US embassy in Kabul during the ...

Bloomberg Brazil’s Supreme Court postponed a decision on whether to release former President Luiz Inacio Lula da Silva from jail while rejecting other requests that could have freed him temporarily. Five justices from the second chamber of the nation’s Supreme Court initially ruled against a habeas corpus for the former president, who has been imprisoned since April last year. A ...

Bloomberg Boris Johnson toughened his Brexit rhetoric with a “do or die” pledge to leave the European Union on October 31 as Jeremy Hunt, his underdog rival to become UK prime minister, battled to persuade Tory party members the strategy is flawed. The front-runner challenged Hunt to match his commitment to leave “come what may” in a letter posted on ...

This week’s G-20 summit in Japan will showcase both what’s best and most frustrating about this once-promising construct for coordinating global policy. A simple institutional fix could address many of the problems. All that’s required is some bold leadership on the multilateral stage. Founded in 1999 to include 19 countries and the European Union, the G-20 was the result of ...