Elliott Takes Short Position in Shell Amid BP Activist Campaign

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Media Bias by Omission: Bloomberg Doesn't Investigate Democratic Presidential Candidates

As of Nov. 2019, Bloomberg admits that it engages in bias by omission with a Lean Left bent. Mike Bloomberg, New York City mayor and founder of the financial software company that owns Bloomberg, officially entered the 2020 Democratic presidential race in Nov. 2019. According to a memo sent to editorial and research staff obtained by CNBC and verified by a Bloomberg spokesperson, Bloomberg News announced it would refrain from investigating Mayor Bloomberg and his Democratic rivals.

“We will continue our tradition of not investigating Mike (and his family and foundation ) and we will extend the same policy to his rivals in the Democratic primaries. We cannot treat Mike’s democratic competitors differently from him,” Editor-in-Chief John Micklethwait said in the memo.

In Dec. 2019, President Donald Trump's campaign announced it would stop credentialing Bloomberg News reporters for rallies and other events until the outlet resumed investigating Democratic candidates.

Mike Bloomberg is founder and 89% shareholder in Bloomberg LP, the financial software company that owns Bloomberg News.

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Elliott Investment Management Ltd., which is in the middle of an activist campaign at BP Plc, has taken a short position equivalent to 0.5% of shares in London-based peer Shell Plc. The short position, included in data published by the UK Financial Conduct Authority, is part of Elliott’s global hedging program, a person with knowledge of the matter said. The hedge fund has taken a large stake in BP, so short positions in other oil companies could help offset the risk of share moves driven by external factors, such as...