published Jun 26th 2016, 9:00 am, by Noah Feldman (Bloomberg View) — The Supreme Court’s decision to uphold the University of Texas’s race-conscious admissions process leaves affirmative action in higher education as a surviving remnant of the major social policy innovations that accompanied the civil rights movement. It’s been almost

published Jun 26th 2016, 6:38 pm, by Joseph Ciolli and Anna-Louise Jackson (Bloomberg) — The selling continued in American stocks after investors suffered the worst day since August on Friday following the U.K. referendum. Index futures on the S&P 500 Index fell 0.6 percent to 2,005.75 as of 7:31 p.m.

Can you hear those dice rolling? Great Britain just took a mighty spin of the wheel or whatever gambling metaphor you prefer by voting to leave the European Common Market. The immediate effect of the vote, in which Britons voted to leave the 28-nation bloc by a 52-48 margin, was

published Jun 22nd 2016, 9:04 am, by Luke Kawa and Tim Hlavacek (Bloomberg) —Elon Musk stared at the sun and envisaged a clean energy behemoth. “Blindingly obvious” was how the Tesla Motors Inc. chief executive officer and chairman of SolarCity Corp. described the plan to combine the two companies. The proposed deal

published Jun 23rd 2016, 5:00 am, by Suzanne Woolley (Bloomberg) — The largest U.S. banks found out today if they passed one of the Federal Reserve’s annual stress tests. The goal is to be judged strong enough to weather the economic fallout from a major financial crisis like the one

published Jun 23rd 2016, 7:40 pm, by Min Jeong Lee and Yuko Takeo (Bloomberg) — Japanese shares pared gains as early results from the U.K. referendum on European Union membership showed better-than-expected support for the “Leave” camp. The Topix index rose 0.2 percent to 1,300.83 as of 9:37 a.m. in

published Jun 22nd 2016, 1:14 pm, by Jennifer A. Dlouhy (Bloomberg) —The Obama administration will fight a federal judge’s ruling overturning its effort to regulate hydraulic fracturing on public lands, a decision that struck another blow to the president’s environmental legacy. “We’ll continue to make our case in the courts,”

published Jun 22nd 2016, 3:34 pm, by Billy House (Bloomberg) — Democrats staged a sit-in on the U.S. House floor Wednesday in an effort to force Republicans to allow a vote on a plan to ban suspected terrorists from buying guns. “Now is the time for us to find a

published Jun 21st 2016, 12:46 pm, by Suzanne Woolley (Bloomberg) —Poor millennials. If the data-hungry survey firms pursuing them were piranhas, the whole generation would be reduced to a bunch of skeletons. The behavior and attitudes of people age 18-34 have been scrutinized every which way. Much of that focus makes good business sense, since

published Jun 21st 2016, 11:27 am, by Noah Feldman (Bloomberg View) — The Supreme Court declined to get involved in a hot-button national issue when it refused Monday to hear a challenge to Connecticut’s ban on assault rifles. Yet at the same time, the justices took two cases highly relevant