Bitcoin steadied after a rally toward $100,000 fizzled just shy of the historic level, as traders assess whether optimism stemming from President-elect Donald Trump’s support for crypto is becoming stretched. More here: https://bloom.bg/499mgQm

In a bland north Austin neighborhood dominated by anonymous corporate office towers, Amazon engineers are toiling away on one of the tech industry’s most ambitious moonshots: loosening Nvidia’s grip on the $100-billion-plus market for artificial intelligence chips.

Take a first look inside the tech giant’s massive chip-making effort: https://bloom.bg/4i59AOj

📷: Chona Kasinger/Bloomberg

Japan's hottest stock is a 139-year-old company that's up 430% this year. More here: https://bloom.bg/4fKzDsK

Sony is in the early stages of developing a portable console that would play its PlayStation 5 games on the move. The product is aimed at expanding Sony’s reach and competing with Nintendo in the portable gaming market, according to people familiar with its development. Read more: https://bloom.bg/3VaYe1p

📷: Kiyoshi Ota/Bloomberg

🚨 LIVE NOW: US prosecutors charged Gautam Adani with helping drive a $250 million bribery scheme. Nearly $30 billion was wiped off the Adani Group’s market value.

Join Bloomberg reporters Menaka Doshi, Sanjai P R, Patricia Hurtado, Chiranjivi Chakraborty for a Live Q&A on the far-reaching impact. Ask your questions here: https://bloom.bg/3Z7b2Y1

Economic growth: Nigeria’s economy grew faster than anticipated in the third quarter, buoyed by its services and oil sectors. https://bloom.bg/3V71uen

Deep pockets: South African property group Attacq has earmarked $1.1 billion to further develop its flagship Waterfall City hub on the outskirts of Johannesburg. https://bloom.bg/4g3LKRq

Corruption unit: South Africa should set up a single agency to fight graft, according to the OECD, which led a review of the nation’s procurement practices. https://bloom.bg/40ZmjMx

Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday

BREAKING: Donald Trump says the US will impose an additional 10% tariff on Chinese goods on top of all existing levies. More here: https://bloom.bg/3AWmlKu

📷: Brandon Bell/Getty Images

Walmart, the world's biggest retailer, is scrapping some diversity, equity and inclusion initiatives after being targeted by a conservative activist. More here: https://bloom.bg/4g6TbHx

📷: Dustin Chambers/Bloomberg

Qualcomm’s takeover interest in Intel has cooled, upending what would have been one of the largest technology deals of all time, according to people familiar with the matter. https://bloom.bg/4fHdX0l

📷: Ariana Drehsler/Bloomberg

European Union proposes to sanction several Chinese firms that it claims helped Russian companies develop attack drones. More here: https://bloom.bg/493Hxed

Kim Dotcom, the internet entrepreneur facing extradition from New Zealand to the US, said he is recovering from a “serious stroke.” More here: https://bloom.bg/4eLPxld

📷: Brendon O'Hagan/Bloomberg

Bitcoin posted its longest losing streak since Donald Trump’s US election victory, following a failed run at $100,000 and as fervor over his embrace of crypto cools. Read more: https://bloom.bg/413v7kw

📷: Paul Yeung/Bloomberg

Three young men walk on stage in a ballroom in Singapore for a 10-minute pitch, riffing through 12 slides of pure quantitative-trading nerdery: Hierarchical tree. Co-kurtosis. Vector neutral.

The finance esoterica would be lost on most audiences but it’s catnip for this crowd at the International Quant Championship hosted by WorldQuant. Read more on the SharkTank-style showdown to crowdsource excess returns from finance whiz kids: https://bloom.bg/3CGsuem

📷: WorldQuant

British Airways plans to introduce a new first class on its A380 double-decker jets in mid 2026.

From a 32-inch TV to a personal luggage storage space, take a sneak peek inside: https://bloom.bg/40YhIKu

📷: British Airways

Hong Kong has become a center for financial crime as Beijing tightened its grip on the city, US lawmakers said, highlighting the worsening ties between the former British colony and Washington. Read more: https://bloom.bg/3ZkO0y2

📷: Paul Yeung/Bloomberg

Rates hike: Nigeria's central bank raises interest rates again, intensifying its bid to curb inflation and support the battered naira. https://bloom.bg/3B0SqAU

Historic vote: Namibia is about to vote in its most hotly contested election since gaining independence in 1990 and Netumbo Nandi-Ndaitwah is expected to become the country's first female leader. https://bloom.bg/3ZdXTMS

Inflation cools: Zimbabwe’s monthly inflation rate fell for the first time in four months with the ZiG helping to keep prices under control. https://bloom.bg/3Ov3IAc

Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday

Vietnamese prosecutors have told property tycoon Truong My Lan she must repay an estimated $11 billion if she wants to avoid execution by lethal injection. More here: https://bloom.bg/3COe8Zq

📷: AFP/Getty Images

Chinese cars are rapidly replacing Japanese brands in key markets. Here's how once-dominant brands like Honda and Nissan are losing share at a worrying rate: https://bloom.bg/3Z5rJCV

Photography for illustration: iStock/Getty Images Plus

NEW: Wall Street billionaire Howard Lutnick must address the future of his sprawling business empire before he prepares for his first boss in decades as Trump’s Commerce secretary pick.

Read The Big Take https://bloom.bg/4ePagEw

Election unrest: Mozambique is facing renewed unrest after the main opposition leader called for more protests. https://bloom.bg/3CJrJBh

Disqualified candidates: Tanzanians voted in local government elections on Wednesday that the main opposition said was rigged after thousands of its candidates were disqualified from running. https://bloom.bg/415ePHE

Big deal: A South African minister is appealing an order by the nation’s Competition Tribunal that blocked Vodacom's $730 million deal to buy a stake in Remgro’s fiber businesses. https://bloom.bg/3ZfApaa

Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday

Why global hedge funds and private equity firms are piling into Japan’s $165 billion hidden property trade.

The potential for unrealized gains stems from an accounting quirk: https://bloom.bg/49d0vig