Jim Forbes, Brian Shook, Dorothy Tapper discussed on Bloomberg Best


All the money sees by the services criminal investigation unit over the past fiscal year was cryptocurrency Brian shook reports The unit recovered $3.5 billion in crypto over the fiscal year which equals to 93% of overall seizures This comes as crypto has become the main form of payment in criminal related cases from which the agency sees money Most of the $3.5 billion is from a select handful of high profile cases The IRS said next year the agency could seize even more cryptocurrency than this fiscal year I'm Bryan shook A New Yorker is netting tens of millions of dollars for a first edition copy of the U.S. Constitution Jim Forbes has the details Dorothy tapper sold it for more than $43 million through an auction on Thursday The new owner remains a mystery Seth of he says it's one of only 13 surviving copies of the constitution from the first printing and believed to be a record high sale for any document Sotheby says the money will go toward the foundation named after tapper that promotes the understanding of democracy I'm Jim Forbes President Biden on Friday upheld a long-standing White House tradition by pardoning a Turkey before Thanksgiving Peanut butter and jelly were selected for the two turkeys The one named peanut butter got the official pardon while jelly became the understudy Both birds will live out their lives at Purdue university in Indiana Biden noted that pardoning Thanksgiving turkeys dates back to the Truman administration Martin Scorsese is making a film about the Grateful Dead The untitled biopic will star Jonah Hill as Jerry Garcia the last time he worked with Scorsese in The Wolf of Wall Street he earned an Oscar nomination for best supporting actor Hill and Scorsese will also be producing the film for Apple the Grateful Dead's bob wear Phil Lesh Mickey Hart and Bill kreutzmann will serve as executive producers on the film I'm Julie Ryan And I'm Susanna Palmer in the Bloomberg news room Two of Europe's banking giants picked the leaders who will help them navigate their next era UBS group today nominated former Morgan Stanley president colm Kelleher to succeed axel Weber as chairman next year A day earlier Deutsche Bank proposed a Dutch insurance veteran Alexander wyden's four chairman replacing Paul ack leitner Patrick Orlando whose status as an operator of blank check firms skyrocketed last month when he reached a deal to bankroll former president Donald Trump's media company is scrapping one of his earlier ventures for hunting such transactions Orlando's special purpose acquisition company Yong Hong international plans to dissolve and liquidate It will redeem public shares at 10.31 cents apiece that according to a regulatory filing on Friday Yong Hong based in Wuhan China basically said it couldn't drum up enough business ahead of a deadline in the company's by laws Milk output in the U.S. is on an historic week streak potentially signaling climbing costs for dairy products More from Bloomberg's Charlie pellet Production per cow was less than a year ago for the third month in a row according to government data the last time that happened was more than 20 years ago according to Nate Don a director of dairy market inside its StoneX Group He says farmers are probably feeding their animals less the cost of grains like corn is soaring because of drought storms and robust demand labor and energy costs are also more expensive It's all hurting farmers bottom lines making it more difficult to afford feed Charlie pellet Bloomberg radio Amid the inflation surge that's rippling through the U.S. economy one of the more obscure products seeing a surge as the price of firewood Talked to firewood vendors in state after state and they'll all tell you the same thing sales are booming on the eve of winter and prices are soaring Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts in more than 120 countries I'm Susanna Palmer This.

Coming up next