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As widely expected, President Donald Trump will remain in office through the end of his term. The Republican-controlled Senate on Wednesday voted to acquit him of abuse of power and obstruction of Congress. Some Democrats are now second-guessing their strategy of impeaching him for seeking foreign interference with the 2020 campaign.
Here are today’s top stories
As part of his effort to get Ukraine to probe a political rival, Trump withheld almost $400 million in military aid appropriated by Congress for Ukraine’s defense against Russian aggression. Now, Democrats say Trump is withholding $823 million Congress allocated for a clean energy program aimed at countering the global climate crisis.
Scenes of chaos and despair emerge daily from China’s Hubei province, a landlocked region of 60 million people where the coronavirus was first identified. The province has seen a staggering 97% of all deaths and 67% of all patients. By effectively sealing it off, China hopes to contain the virus.
As recently as a few weeks ago, public health experts held out hope that the coronavirus could be largely contained within China. Now some believe a pandemic is likely and are planning for the worst.
Pete Buttigieg maintained a narrow lead over Senator Bernie Sanders in the Iowa caucuses as the state’s Democratic Party slowly released more results. We’re tracking the delegates here.
Tesla’s incredible six-day, 60% rally left some on Wall Street scratching their heads. It came to a screeching halt on Wednesday.
Made to withstand hurricanes and often as big as airplane wings, tens of thousands of wind turbine blades must be replaced each year. But they can’t be easily recycled. Guess where they end up?
What’s Joe Weisenthal thinking about? The Bloomberg news director wrote earlier this week about how many expect government spending to play a central role in stabilizing the U.S. economy during the next downturn. But in a new piece for Project Syndicate, the economist Kenneth Rogoff says this is all a fantasy.
What you’ll need to know tomorrow
U.S. stocks rallied to yet another all-time high. Jeff Bezos sold $1.8 billion of Amazon stock in two days. One of Nike’s newest running shoes isn’t banned—yet. New York City was the biggest loser of jobs in 2019. Bill Ackman sold his stake in Starbucks after a 73% return. Sanders leads in New Hampshire ahead of the state primary. These are the most romantic new spots for a Valentine’s getaway.
What you’ll want to read tonight in Hyperdrive
In the 1960’s the South Linden neighborhood of Columbus, Ohio was cut off from the rest of the city by the arrival of Interstate 71. More than a half-century later, autonomous technology is helping reconnect residents with the rest of Ohio’s capital. An electric-powered shuttle funded mostly by the federal government will give residents access to services that have slowly vanished from the area. It's one of several experiments arising from the Smart Cities Challenge, an Obama administration program aimed at encouraging midsize cities to develop advanced transportation modes using (among other new technology) electric and autonomous vehicles.
To contact the author of this story: Josh Petri in Portland at jpetri4@bloomberg.net
To contact the editor responsible for this story: David Rovella at drovella@bloomberg.net
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