Bloomberg Politics: news on page 731

RenTech’s Robert Mercer to Exit as Co-CEO, Sell Breitbart Stake

RenTech’s Robert Mercer to Exit as Co-CEO, Sell Breitbart Stake

Renaissance Technologies’ Robert Mercer plans to step down as co-chief executive officer effective Jan. 1, as he tries to distance himself from controversy over his political ties to associates of
House GOP Bill Would Tax University Endowment Income at 1.4%, Source Says

House GOP Bill Would Tax University Endowment Income at 1.4%, Source Says

The House tax bill would tax university endowment income at 1.4 percent, according to a Republican aide.
May Seeks to Steady Ship as U.K. Moves From Crisis to Crisis

May Seeks to Steady Ship as U.K. Moves From Crisis to Crisis

U.K. Prime Minister Theresa May bought herself breathing space Thursday as she parachuted in ultra-loyalist Gavin Williamson to replace Defence Secretary Michael Fallon, but her respite could be
Palestinians Threaten U.K. Court Action on Balfour Declaration

Palestinians Threaten U.K. Court Action on Balfour Declaration

Palestinians plan to sue the U.K. in pursuit of an apology and compensation for its promotion of a “national home for the Jewish people” in Palestine 100 years ago through the Balfour Declaration.
Menendez Sold His Office to a Top Donor, Prosecutors Argue

Menendez Sold His Office to a Top Donor, Prosecutors Argue

Senator Robert Menendez sold his office to a top donor, prosecutors argued at the end of his corruption trial.
Tax Bill Cuts Mortgage Deduction in Half for New Homes

Tax Bill Cuts Mortgage Deduction in Half for New Homes

The House GOP talking points for its tax bill says it would cap the mortgage interest deduction for newly purchased homes at $500,000 -- a departure from the current cap of $1 million for couples
US, Russia Offer Rival Measures to Pursue Syria Violations

US, Russia Offer Rival Measures to Pursue Syria Violations

Russia would welcome the extension of the U.N.-sponsored investigations into chemical weapons use in Syria, but considers it necessary to amend the ground rules for them to include on-site
U.K. Probes Russian Social Media Influence in Brexit Vote

U.K. Probes Russian Social Media Influence in Brexit Vote

The U.K. elections regulator is looking at whether Russia tried to use social media to illegally influence the Brexit referendum campaign.
Trump Campaign Aide Invokes Fifth Amendment at House Committee

Trump Campaign Aide Invokes Fifth Amendment at House Committee

A former foreign policy adviser to Donald Trump’s presidential campaign invoked the Fifth Amendment in refusing to produce documents during a private interview Thursday with the House Intelligence
France Names Philippe Leglise-Costa as New Ambassador to the EU

France Names Philippe Leglise-Costa as New Ambassador to the EU

France’s government named Philippe Leglise-Costa, current head of the European affairs directorate, as the country’s new ambassador to the European Union.
Trump Appears to Backtrack on Wish to Send Suspect to Guantanamo

Trump Appears to Backtrack on Wish to Send Suspect to Guantanamo

President Donald Trump said Thursday the suspect in the deadliest terror attack in New York City since 2001 should be executed, and backtracked from an earlier call to send him to the military
New Jersey’s First Lady Gets a Ticket for Driving With a Cellphone

New Jersey’s First Lady Gets a Ticket for Driving With a Cellphone

New Jersey's first lady has been ticketed in a statewide distracted driving crackdown that was ordered by her husband's attorney general.
Mayor of London Launches Drive to Keep City as Europe's Startup Hub

Mayor of London Launches Drive to Keep City as Europe's Startup Hub

Mayor of London Sadiq Khan has announced a new program of investment days for London startups, as he tries to maintain the U.K.’s position as a European hub for young tech companies.
U.K. Open to Talking About Associate Citizenship After Brexit

U.K. Open to Talking About Associate Citizenship After Brexit

Brexit Secretary David Davis said he has spoken to the European Parliament’s negotiator Guy Verhofstadt about creating so-called associate citizenship that could allow visa-free working rights to
The Marijuana Machine Rolls Ahead

The Marijuana Machine Rolls Ahead

The billion-dollar bud faces new momentum and problems as three more states legalize it.
May Names Williamson U.K. Defense Secretary After Fallon Quits

May Names Williamson U.K. Defense Secretary After Fallon Quits

U.K. Prime Minister Theresa May named Gavin Williamson as her new defense minister, replacing Michael Fallon, who resigned late Wednesday following allegations of sexual harassment.
Balance of Power: Trump Puts His Stamp on Economy With Fed Pick

Balance of Power: Trump Puts His Stamp on Economy With Fed Pick

It’s a huge day for Donald Trump’s economic agenda.
Xi’s ‘New Era’ Risks Boosting Tension Between China and the West

Xi’s ‘New Era’ Risks Boosting Tension Between China and the West

The ruling Communist Party committed to the more assertive policy during a twice-a-decade reshuffle that ended last week, contrasting with a relatively restrained approach over the past three decades.
Meet the Judge Presiding Over the Manafort and Gates Case

Meet the Judge Presiding Over the Manafort and Gates Case

U.S. District Judge Amy Berman Jackson is a Harvard Law School graduate appointed by Barack Obama.
Westminster Scandal ‘On the Radar’ for Pound as Fallon Resigns

Westminster Scandal ‘On the Radar’ for Pound as Fallon Resigns

The sexual harassment scandal engulfing Westminster is a tail risk for the pound, according to Nomura International Plc and Mizuho Bank Ltd.