Bloomberg Law

Bloomberg Law is a news site that provides news and analysis on legal issues, focusing on US law. The site covers a range of topics including corporate law, intellectual property, antitrust, and securities law. The articles are written by experienced journalists who provide in-depth reporting and analysis on current legal developments. The site also includes an About Us section that provides information about the company's history and mission.

86%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermines the credibility of the source. It is calculated as:
Analysis.OverallConflictOfInterestScore * 0.3F + Analysis.OverallBiasScore * 0.3F + Analysis.DeceptivenessScore * 0.3F + Analysis.ReadabilityScore * 0.1F

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

The Daily's Verdict

This news site has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on its reporting.

Bias

85%

Examples:

  • Texas Attorney General Ken Paxton’s desire to force out incumbent judges that ruled he can’t prosecute voter fraud has pulled his billionaire donors into an otherwise low-profile judicial election for the state’s highest criminal court.
  • The article portrays Ken Paxton's desire to force out incumbent judges who ruled he can prosecute voter fraud as a recent development when in fact it has been ongoing for more than two years. This is deceptive because the reader is led to believe that this issue only recently came up.
  • Two Texas billionaires opened their wallets to Paxton-aligned Texans for Responsible Judges: Dan Wilks, a west Texas oil man, and Excel Communications founder Kenny Troutt. Each contributed $50,000 to the PAC.

Conflicts of Interest

95%

Examples:

  • The article portrays Paxton supporters as being motivated by political revenge when in reality they are simply trying to unseat judges who have ruled against him. This is deceptive because it implies that their actions are driven solely by personal animosity rather than a legitimate desire for justice.
  • The author fails to disclose the financial ties between Holcim and the analyst covering the deal, creating an appearance of conflict of interest.

Contradictions

95%

Examples:

  • The article portrays Ken Paxton's desire to force out incumbent judges as a recent development when in fact it has been ongoing for more than two years.
  • The author states that Miljan Gutovic has been named as CEO but fails to disclose who he is replacing, creating a false impression of continuity in leadership without providing context or information about the previous CEO's departure.
  • The title suggests Holcim will be spinning off its North America unit for $30 billion value when it only mentions listing next year and does not mention any valuation.

Deceptions

80%

Examples:

  • The article portrays Ken Paxton's desire to force out incumbent judges who ruled he can prosecute voter fraud as a recent development when in fact it has been ongoing for more than two years. This is deceptive because the reader is led to believe that this issue only recently came up.
  • The title suggests Holcim will be spinning off its North America unit for $30 billion value when it only mentions listing next year and does not mention any valuation.

Recent Articles

  • Bobby Jain Raises $5.3 Billion for New Multistrategy Hedge Fund: Competing with Private Credit Firms

    Bobby Jain Raises $5.3 Billion for New Multistrategy Hedge Fund: Competing with Private Credit Firms

    Broke On: Monday, 24 June 2024 Bobby Jain raises $5.3 billion for new multistrategy hedge fund, Jain Global, marking the biggest fundraising haul since ExodusPoint Capital Management. Focuses on US equities, quant, fixed income and macro strategies with 210+ hires from Citadel, Balyasny and Morgan Stanley. Competes with private credit firms despite initial target of $10 billion.
  • Tesla Shareholders Vote on Elon Musk's Record-Breaking $56 Billion Pay Package Amid Concerns Over Profitability and Growth

    Tesla Shareholders Vote on Elon Musk's Record-Breaking $56 Billion Pay Package Amid Concerns Over Profitability and Growth

    Broke On: Thursday, 06 June 2024 Tesla shareholders are set to vote on Elon Musk's $56 billion pay package, which could make him the most highly compensated CEO in history. The package was voided earlier this year due to procedural errors but is now being reapproved with full disclosure of the court-identified flaws. While some investors express concerns about Tesla's profitability and growth, early voting suggests that the pay package could still be approved at the annual meeting on June 13th. Approval may help lift a stock overhang and carry momentum into an expected Aug. 8 Tesla event.
  • Ticketmaster Data Breach: 560 Million Customer Records Stolen and Sold Online

    Ticketmaster Data Breach: 560 Million Customer Records Stolen and Sold Online

    Broke On: Tuesday, 28 May 2024 In a major data breach, hacker group ShinyHunters claimed responsibility for stealing and selling the personal information of over 560 million Ticketmaster customers online. The compromised data includes full names, addresses, phone numbers, and partial credit card details. The FBI is assisting Australian authorities in their investigation.
  • Potential Buyer in Talks to Save China's Evergrande EV Unit from Insolvency

    Potential Buyer in Talks to Save China's Evergrande EV Unit from Insolvency

    Broke On: Sunday, 26 May 2024 Liquidators in talks with potential buyer for Evergrande New Energy Vehicle Group Ltd., extending credit to support production and potentially saving the embattled EV unit from severe financial struggles, despite fierce competition in China's EV market.
  • Major US Airlines Sue Transportation Department Over New Regulations Mandating Up-front Disclosure of Fees

    Major US Airlines Sue Transportation Department Over New Regulations Mandating Up-front Disclosure of Fees

    Broke On: Monday, 13 May 2024 Major US airlines and their trade group, Airlines for America, have filed lawsuits against the Transportation Department over new regulations requiring up-front disclosure of fees. The lawsuit argues that the rules are an overreach and could confuse customers. The regulations, set to go into effect on July 1, aim to save consumers $500 million annually by ending 'bait-and-switch' tactics and making it easier for travelers to compare flight costs.
  • Judge Blocks CFPB's New Credit Card Late Fee Rule: A Legal Battle Over Junk Fees

    Judge Blocks CFPB's New Credit Card Late Fee Rule: A Legal Battle Over Junk Fees

    Broke On: Saturday, 11 May 2024 Judge Pittman of the Northern District of Texas issued a preliminary injunction blocking the CFPB's new rule capping late fees for large credit card issuers, drawing opposition from business and banking organizations. The CFPB aimed to ease financial burdens by eliminating junk fees, with one in five Americans having paid a late fee in the previous year. However, Pittman expressed concerns about potential mischief and venue issues, canceling a hearing after ordering the case transferred to the Washington federal trial court.
  • German Chancellor Olaf Scholz's Call for Fair Competition During His Visit to China in 2024

    German Chancellor Olaf Scholz's Call for Fair Competition During His Visit to China in 2024

    Broke On: Monday, 15 April 2024 German Chancellor Olaf Scholz's April 2024 visit to China emphasized open markets and fair competition for German businesses, addressing concerns over Chinese car imports and intellectual property infringements. Despite investment challenges, Scholz advocated for local production facilities to level the playing field amidst EU-China tensions.
  • Texas Attorney General Ken Paxton's Revenge: Endorsing Candidates in Upcoming Primary Election to Take Down State House Speaker Dade Phelan

    Texas Attorney General Ken Paxton's Revenge: Endorsing Candidates in Upcoming Primary Election to Take Down State House Speaker Dade Phelan

    Broke On: Sunday, 03 March 2024 Texas Attorney General Ken Paxton seeks revenge against those who impeached him by endorsing over 70 candidates in the March 5th primary election, including former President Donald Trump. His top target is state House Speaker Dade Phelan, whom he believes oversaw his impeachment effort.
  • Holcim Announces Spin-Off of North American Business for $30 Billion Valuation

    Holcim Announces Spin-Off of North American Business for $30 Billion Valuation

    Broke On: Wednesday, 31 January 2024 Holcim, a Swiss cement maker, plans to spin off its North American business into a separate US-listed entity. The company's CEO Jan Jenisch will remain chairman of the new entity and Miljan Gutovic has been named as CEO of Holcim's European head. The North American business is expected to be valued at more than $30 billion in a New York flotation, which could take up to 15 months to complete.

  • Trump on Trial in New York for Alleged Fraud: Expert Witness Testifies

    Broke On: Thursday, 07 December 2023 The trial centers around a $250 million civil lawsuit filed by New York Attorney General Letitia James, accusing Trump and other top Trump Organization executives of engaging in a decade-long scheme to inflate Trump's net worth. Expert witness Eli Bartov, an accounting professor at New York University, received $900,000 in compensation for his work on the case, split between the Trump Organization and Trump's Save America PAC.