Subject: What's Next for Uber (and the Unicorns)
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Fri, 3 Jun 2016 05:01:31 -0400 (EDT)

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Saudi Arabia's unprecedented $3.5 billion investment in the world's biggest unicorn has raised pundits' hopes, fears and eyebrows. Leonid Bershidsky says Uber is on track to become profitable, but it still needs cash to keep growing, while Megan McArdle doubts the massive investment will have much of an effect on other highly valued startups.
Conflicts of Interest? Trump's Would Be Tremendous!
The Donald has more than 500 businesses, and lots of stuff he likes to sell. Could the first commander in chief with a signature cologne end up hawking his wares from the White House? Trump biographer Tim O'Brien says current laws and norms might not be enough to stop him. 
We're Still Not Sure What Causes Big Recessions
Do slowdowns happen when asset bubbles pop, or when people take on too much debt? Noah Smith takes stock of a quiet but important debate taking place in the economics profession. 
Currency Trader, Police Thyself
The Bank of International Settlements recently issued a code of conduct designed to clean up global currency markets. It may not have the force of law, but that doesn't mean it's toothless: Stephen Mihm says voluntary standards aimed at changing economic behavior have been surprisingly successful over the past 150 years.
Draghi's Memo to European Political Leaders
Speaking on Thursday, European Central Bank President Mario Draghi had a message for Europe's governments: It's time to start carrying more of the policy burden. Mohamed A. El-Erian breaks his argument down into four points the continent's political leaders should heed.
Ritholtz's Reads

Alpha female fund managers (Citywire)
Thinking about buying gold? Think again (Kiplinger)
How the Feds pulled off the biggest insider-trading investigation in U.S. history (Bloomberg)

(Read Barry Ritholtz's full daily news roundup.)
Bloomberg Gadfly 

Uber is the Peter Pan of startups
Fed governors throw new "known unknown" at big banks
Indonesia's risks are declining (no matter what the rating agencies say)

(Read more from BV's sister site for fast business commentary.)                                                                                                                                                                                                                                                               For more information, email [email-masked].                                                     For media inquiries, contact Jill Watanabe at +1-212-617-1610 or [email-masked].                                                                                                                                                              You received this message because you signed up for Bloomberg View newsletters.                                                                                   bloomberg.com/view | 731 Lexington Avenue, New York, NY 10022 | Contact Us | Unsubscribe                   <a href="http://link.mail.bloombergview.com/click/6857667.23099/aHR0cDovL3d3dy5tYWlsLmJsb29tYmVyZ3ZpZXcuY29tIg/55086a4c3b35d051538c37ccBf55992c1><img src="http://link.mail.bloombergview.com/img/55086a4c3b35d051538c37cc42zer.htn/adea24b3.gif" alt="" border="0" /></a>                                                                             

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