Arm CEO's Immigration Call & Billionaires Shift To Abu Dhabi

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Arm's CEO Rene Haas told Bloomberg that whoever wins the next election, further restrictions on skilled migration will hurt growth.

(2) The Prime Minister is due to answer questions at the Covid inquiry today. Last month, the government's former chief scientific officer told the hearing it was "obvious" Rishi Sunak's Eat Out to Help Out scheme would fuel the spread of the virus.

(3) The S&P 500 Index will hit a record high in 2024 as the US avoids sinking into a recession, although a weaker consumer will mean the index gains less than this year's 20% surge, according to Bloomberg's latest Markets Live Pulse survey.

(4) University of Pennsylvania president Liz Magill and Board chair Scott Bok resigned this weekend. It comes days after Congressional testimony in which Magill declined to say that calling for the genocide of Jews always violates the university's code of conduct.

(5) For decades, many of the world's richest people chose to safeguard their assets in overseas locales ranging from the Cayman Islands to Switzerland and the British Virgin Islands. But a new wealth hub is becoming wildly popular with billionaires — the skyscraper-studded emirate of Abu Dhabi.

See omnystudio.com/listener for privacy information.