Good morning. Apple’s launch event today is expected to showcase a skinnier version of the iPhone. M&A advisers are having a good day. And the Chicago Bears are abandoning the city for the suburbs. Listen to the day’s top stories.

— Marcus Wright

Apple’s launch event takes place today, and the star of the show is expected to be the iPhone 17 Air, the first major new iPhone design in several years. But Mark Gurman explains why the new model won’t be the right purchase for most customers. Instead he sees the iPhone 17 Pro line as the big driver, with a new design on the back and a substantial upgrade to the camera.

Agents leaving an ICE processing center in Broadview, Illinois on Sept. 8.  Photographer: Talia Sprague/Bloomberg

Donald Trump began his immigration crackdown in Chicago, with federal agents stepping up enforcement in an escalating campaign in Democratic-run cities.  The move drew a rebuke from Illinois Governor JB Pritzker, a potential presidential hopeful in 2028, who accused Trump of needlessly sowing fear.

Deals bankers are having a good day. Anglo American will buy Teck to create a $50 billion company in one of the biggest mining deals in more than a decade. And Microsoft struck a multiyear deal worth nearly $20 billion to draw AI cloud computing power from Nebius Group, the technology company spun out from Russian internet giant Yandex.

Help is wanted at the Bureau of Labor Statistics—a lot of help. A third of high-level roles at the agency that produces key numbers on US jobs and inflation are vacant, according to the BLS website. The White House is preparing a report critical of the agency, the WSJ reported. And the BLS is expected to reveal today that it overstated payrolls with some saying it could lower its estimates by up to a million jobs in the year through March.

Mark Zuckerberg and Donald Trump at the White House on Sept. 4.  Photographer: Will Oliver/EPA

A group funded by Apple and other major tech companies is starting an initiative to strengthen the frayed relationship between Democrats and Silicon Valley ahead of the 2026 midterm elections. Though Washington is currently dominated by tech-friendly Republicans, the move allows the industry to prepare for potential Democratic wins next year.

Bloomberg Screentime: Join us in LA on Oct. 8-9 for the definitive gathering of leaders driving the future of entertainment, media and technology, an event where big-picture ideas meet new opportunities. Discuss and debate the future of Hollywood studios, the boom in sports and live music and the impact of artificial intelligence on the creative industries. Learn more.

Deep Dive: The Aftermath of ICE’s Georgia Raid 

Employees waiting to have their legs shackled at the Hyundai Motor plant in Georgia, in an image from a video provided by US Immigration and Customs Enforcement on Sept. 4. Photographer: Corey Bullard/US Immigration and Customs Enforcement/AP

South Korea will send a chartered plane to the US tomorrow to bring home as many as 300 workers held in a US immigration raid on a Georgia electrical vehicle site that’s rocked diplomatic ties.

• Last week’s raid at the planned EV battery plant jolted South Korea, a staunch ally and one of the largest investors and trading partners with the US.
• The country is caught between two of Trump’s key policies: re-industrialization and curbing immigration. 
• For South Korean President Lee Jae Myung, this represents the biggest diplomatic challenge of his young presidency, soon after he secured one of the most favorable US tariff deals in the world.
• It’s hard to see any upside for the US, Mary Ellen Klas writes. Automakers are counting on EV battery deliveries to meet demand, and Trump is hoping to stimulate foreign investment. The Georgia raid helps achieve neither.

The Big Take

Environmental activists unveil a new logo to rename the Environmental Protection Agency as "U.S. Environmental Pollution Agency" during a protest on August 7 in Washington, DC. Photographer: Alex Wong/Getty Images

The Trump administration’s sweeping assault on climate science will limit America’s ability to predict and adapt to worsening heat waves, wild fires and floods. It also has the potential to cede clean energy leadership to China.

Bloomberg Green New York: Join us on Sept. 25 for a solutions-focused look into a new era of climate action during Climate Week NYC. On the heels of the 80th United Nations General Assembly, we’ll hear how top leaders in business, finance and government are approaching climate issues during times of geopolitical uncertainty. Learn more.

Opinion

Susan Monarez Photographer: Kayla Bartkowski/Getty Images

Susan Monarez’s 28-day tenure as the nation’s top public-health official highlights a dilemma that any successor will face, Bloomberg’s editors write. Under Robert F. Kennedy Jr., no serious scientist can hold the job. The risk this vacuum of expertise may pose to Americans’ health and safety is significant. 

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