| Amazon Chief Executive Officer Andy Jassy says he’s going to streamline the world’s largest online retailer and cloud-computing company. Cutting management layers and ordering employees to return to the office five days a week are part of his plan. The shakeup comes amid stories of endless deliberations, unnecessary meetings and requirements for multiple approvals across the vast empire built by Jeff Bezos. Jassy called out some of those phenomena in a note, citing “pre-meetings for the pre-meetings for the decision meetings, a longer line of managers feeling like they need to review a topic before it moves forward, owners of initiatives feeling less like they should make recommendations because the decision will be made elsewhere.” Most of Amazon’s roughly 1.5 million employees around the world are hourly workers who retrieve items and ship packages—people for whom remote work was never an option. But the company employs hundreds of thousands of office workers—roughly 350,000 of them right before its largest-ever mass firing back in 2022. —David E. Rovella Amazon’s AWS has sent somebusiness Intel’s way, potentially bringing work to new plants under construction in the US and boosting efforts to turn around the embattled chipmaker. Intel and AWS will co-invest in a custom semiconductor for artificial intelligence computing. The work will rely on Intel’s 18A process, an advanced chipmaking technology. Intel shares jumped almost 10% in late trading after the announcement. They had been down 58% this year. Meanwhile, Intel confirmed earlier reporting that it’s eligible to receive as much as $3 billion in US government funding to manufacture chips for the military. The effort, called the Secure Enclave, aims to establish a steady supply of cutting-edge chips for defense and intelligence purposes. The suspect in a potential assassination attempt of Donald Trump, the second in as many months for the Republican presidential nominee, was charged Monday with violating federal gun laws. Ryan Routh, 58, a former shed builder, was charged with possession of a firearm by a convicted felon and possession and receipt of a firearm with an obliterated serial number. He’s likely to face additional counts. Trump, 78, who was unharmed, has attempted to apportion blame for the incident while seeking to use it to reverse the post-debate momentum of Vice President Kamala Harris.  Ryan Routh Photographer: AFPTV/Getty Images Boeing said it’s instituting a range of cost-cutting measures as it prepares for a drawn-out strike by workers at its main Seattle hub, including a hiring freeze and temporary furloughs. The sweeping measures also include a halt of non-essential travel, pausing any pay increase associated with promotions, cutting back outlays for air shows and charitable donations and “significant reductions in supplier expenditures.” Some 33,000 workers voted overwhelmingly last week to go on strike as Boeing’s first offer for a new pay package fell short of their expectations. Deutsche Bank is said to be exploring options to make it harder for UniCredit to buy Commerzbank as it considers how—or whether—to react to a potential deal that would create a huge competitor in its home market. Options that have come up included buying part or all of the German government’s remaining 12% stake in Commerzbank. The potential combination of UniCredit and Commerzbank would create a European banking giant that would rank ahead of Deutsche Bank in terms of German revenue. It would also exceed it in total assets. Eisler Capital has seen a fresh round of departures as its transformation into a multistrategy hedge fund faces a period of poor returns and an intense war for talent with peers. About 10 money managers are said to have left the $4 billion hedge fund firm in recent days. The exits are said to include people leaving voluntarily as well as those the firm has dismissed. With just two weeks under his belt as the new CEO of HSBC, Georges Elhedery has made it clear he’s looking to make his mark. Since he took over, he has considered what could amount to HSBC’s most significant restructuring in over a decade. He’s also considered disposing of non-core businesses and pleaded with staffers to keep costs in check. As central banks around the world cut interest rates—moves that will eat away at the revenue of big, global lenders like his—Elhedery will have to find a way to shave off $2 billion in costs to sustain a key measure of the bank’s profits. “Job cuts, further disposals and organization streamlining are all potential options on the table,” said Tomasz Noetzel, an analyst at Bloomberg Intelligence. For nearly 20 years, a plan has been brewing for a high-speed rail line connecting Las Vegas to southern California. But something was always getting in the way—from ballooning budgets to bureaucratic red tape. Like many US infrastructure projects, the dream of sleek, fast-moving trains connecting two of the country’s biggest entertainment meccas turned into a game of speculation, with nothing getting built. Now that shovels are finally in the ground on the $12 billion Brightline West project, there’s a new wrinkle: No US company is currently building trains that meet Brightline’s high-speed requirements. And to qualify for billions of dollars under a new infrastructure law, they have to be American made.  An illustration of a Brightline West high-speed train Source: Brightline Established automakers and newcomers alike have been rolling out new car models designed to recapture a visceral connection to driving; the manual transmission. Monterey Car Week, an annual automotive orgy in August, was full of them. Pagani SpA revealed a six-speed transmission in its $3.4 million Utopia roadster; Tuthill Porsche introduced the GT One, a version of Porsche’s 911 GT1 that offers a six-speed manual setup. Aston Martin Lagonda’s $2 million Valour, released in July, likewise pairs a six-speed transmission with its 705-horsepower engine. And there are more.  The interior of the Gordon Murray T.50 Photograph by Robin Trajano for Bloomberg Businessweek Get the Bloomberg Evening Briefing: If you were forwarded this newsletter, sign up here to receive Bloomberg’s flagship briefing in your mailbox daily. Bloomberg Tech: Humanity has always relied on technology to drive growth. With the emergence of artificial intelligence, society is being asked to trust tech with economies, media and health like never before. Join visionaries, investors and business leaders in London on Oct. 22 to discuss the risks and rewards of this new age. Speakers include Monzo CEO TS Anil, Cohere Co-Founder and CEO Aidan Gomez, ŌURA CEO Tom Hale and ASML President & CEO Christophe Fouquet. Buy tickets today. | 
