Nepal Warns of More Floods, Nancy Grace Telescope Launch | Bloomberg This Weekend: Aug 30, 2026

Summary

Bloomberg This Weekend covers the Nepal flood disaster and rescue efforts, Iceland's referendum rejecting EU membership talks, the NASA Nancy Grace Roman Space Telescope launch aboard SpaceX's Falcon Heavy, and the US-Venezuela oil deal. The program also discusses US-Canada trade tensions, G20 AI policy meetings, a Shein Hong Kong IPO, and investor interest in new hair-loss treatments.

• Nepal catastrophic flooding from a glacial collapse has killed hundreds and left thousands missing, with rescue efforts threatened by rising water.
• Iceland narrowly rejected reopening EU membership talks with 52.8% voting no.
• NASA's Nancy Grace Roman Space Telescope launched on SpaceX's Falcon Heavy to study dark energy and dark matter.
• The US-Venezuela oil deal is framed as a strategic reserve boost that could build confidence for US oil majors.
• US-Canada trade and political tensions continue, including the Lake Ontario naming dispute.
• Shein prepares a Hong Kong IPO at a reduced valuation with investor skepticism over geopolitical and regulatory risk.
• Analysts and investors are watching early-stage hair-loss drug developers including Cosmo, Verodmix, and Absi.
• Stephen Moore highlights the oil price as the key economic indicator and argues the Fed should not cut rates now.