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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world President Donald Trump approved plans for South Korea to build a nuclear-powered submarine at a US shipyard about a day after Seoul pressed Washington to obtain nuclear fuel for submarines. “Our Military Alliance is stronger than ever before and, based on that, I have given them approval to build a Nuclear Powered Submarine, rather than the old fashioned, and far less nimble diesel powered Submarines that they have now,” Trump said in a social mediaBloomberg Terminal post Thursday.