Michael Bloomberg

Beijing as the new Davos? Inside Bloomberg’s plan

New York City mayor Michael Bloomberg delivers a speech at the High-level Dialogue on U.S.-China Economic Relations in New York, the United States, on June 14
Former New York City Mayor Michael Bloomberg delivers a speech at the High-level Dialogue on U.S.-China Economic Relations in New York in 2017. Photo: Xinhua/Wang Ying via Getty Images

Amid President Trump's trade war with China, billionaire and former New York City Mayor Michael Bloomberg is putting on a major global economic event this November — in Beijing.

The big picture: Bloomberg's New Economy Forum, in partnership with the China Center for International Economic Exchanges, on Nov. 20–22 will draw about 500 business and technology leaders, academics and government officials from dozens of countries.

Michael Bloomberg launches $160M initiative to ban flavored e-cigarettes

Former New York City mayor and billionaire Michael Bloomberg
Michael Bloomberg. Photo: Roy Rochlin/Getty Images

Billionaire and former New York City mayor Michael Bloomberg's philanthropic arm announced plans on Tuesday to spend $160 million over 3 years in an attempt to ban flavored e-cigarettes in the U.S., saying tobacco companies "are preying on America's youth."

Why it matters: Though Bloomberg Philanthropies has backed efforts to curb tobacco use around the world before, this is reportedly the organization's first time financing an anti-tobacco initiative in the U.S., per the Washington Post. The pledge follows state and federal investigations into multiple deaths from an unknown lung illness linked to vaping.