 This is Bloomberg Daybreak Europe for this Thursday, the 11th of July in London, coming up today. With friends like these, once heavyweight supporters of Biden go cold on the president's bid for re-election as a first Democratic senator calls on him to withdraw. Rewriting the rules, the UK regulator overhauls its listing regime in a major push to lure more IPOs to London. Guilty, our key gospel, Wang is convicted of fraud and market manipulation after his actions led banks to lose $10 billion.