China Blocks Meta’s $2 Billion AI Deal; DeepSeek Slashes Prices | The Pulse 4/25

Bloomberg Markets and Finance
Bloomberg Markets and FinanceApr 27, 2026

Why It Matters

China’s block on Meta’s AI deal reshapes the global AI landscape, while Iran’s Hormuz proposal and energy‑supply risks directly influence commodity markets and central‑bank strategies.

Key Takeaways

  • China halts Meta's $2 billion AI partnership, citing security concerns.
  • DeepSeek cuts AI model prices by up to 90%, intensifying competition.
  • Iran proposes reopening Strait of Hormuz, linking to nuclear talks.
  • White House dinner attacker arrested, raising security protocol questions.
  • Central banks brace for energy‑supply risks amid Middle‑East tensions.

Summary

The Pulse highlighted a series of high‑stakes developments shaping global tech and finance. Beijing’s regulators abruptly blocked Meta’s $2 billion AI joint‑venture, invoking data‑security and market‑fairness concerns, while Chinese AI startup DeepSeek announced a dramatic price cut—up to 90% on its large‑language‑model services—to win market share against rivals like OpenAI and Google.

Simultaneously, diplomatic maneuvering intensified as Iran’s foreign minister met President Putin, proposing to reopen the Strait of Hormuz in exchange for concessions on its nuclear program. The proposal, though tentative, underscores the strategic link between energy flows and geopolitical risk. In Washington, a 31‑year‑old California man was arrested after breaching security at the White House Correspondents’ Dinner, prompting officials to reassess event‑security protocols.

Analysts noted that the AI regulatory shock could delay Meta’s generative‑AI rollout in China, while DeepSeek’s pricing strategy may accelerate adoption of Chinese models globally. Iran’s overture, if successful, could ease oil‑price pressures that central banks are monitoring closely. The White House incident highlighted vulnerabilities in high‑profile event security, potentially influencing future protective measures.

For investors, the confluence of AI market realignment, Middle‑East energy uncertainty, and heightened security concerns creates a volatile backdrop. Companies reliant on AI talent or data pipelines must navigate Chinese regulatory scrutiny, while energy‑sensitive sectors watch for any shift in Hormuz traffic that could reshape commodity pricing and central‑bank policy decisions.

Original Description

China has decided to block Meta’s $2 billion acquisition of agentic AI startup Manus, a surprise move to unwind a controversial deal that’s drawn fire for the leakage of technology to the US.
Meanwhile DeepSeek is aggressively pitching low-priced-plans for its just-released flagship model, intensifying competition across a Chinese artificial intelligence industry trying to take on Silicon Valley’s best.
Today's guests:
Simon Dangoor, Goldman Sachs Asset Management, Fixed Income Deputy CIO & Fixed Income Macro Strategies Head; Julie Norman, University College London, Professor; Evie Aspinall, British Foreign Policy Group, Director.

"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 - The Pulse with Francine Lacqua
00:00:41 - Iran's FM in Russia to meet with Putin amid US talks stalmate
00:03:38 - Gunman in DC gala attack to be arraigned Monday
00:06:21 - Simon Dangoor, GS Asset Management, Fixed Income CIO
00:16:55 - Julie Norman, UCL Professor
00:23:55 - Monday headlines
00:24:47 - UK-US roundtable: Bloomberg's Joe Mayes & British Foreign Policy Group's Evie Aspinall
00:33:15 - China blocks Meta's $2 billion acquisition of Manus
00:38:27 - Leaders with Francine Lacqua: Emma Grede, Good American CEO & Co-founder
00:44:45 - HSBC reviews school fee perks for Hong Kong bankers
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