Everybody's Business: The AI Hate Is Existential (Podcast)
The latest episode of *Everybody’s Business* tackles the growing AI backlash, illustrated by a Molotov cocktail thrown at Sam Altman's home and bullets fired at a councilman who approved a data center. Bloomberg tech reporter Sarah Frier joins hosts Max Chafkin and Stacey Vanek Smith to dissect the drivers of consumer frustration and outright rage toward artificial intelligence. The show also explores how Gen Z is confronting a tougher entry‑level job market in an AI‑driven economy, and highlights a sneaker company’s pivot to AI technology. A controversial economic term is briefly examined, rounding out the discussion on AI’s societal impact.
Obesity Treatment Firm Kailera Upsizes IPO to Raise $625 Million
Kailera Therapeutics Inc., a clinical‑stage biotech specializing in obesity treatments, announced an upsized initial public offering. The company sold roughly 39 million shares at $16 each, raising $625 million, the largest U.S. biotech listing since 2021. The offering was priced at the...
Bloomberg Law: Tariff Challenges & NFL Antitrust Probe (Podcast)
In a Bloomberg Law podcast, trade lawyer Timothy Brightbill of Wily Rein outlines the legal arguments being presented in the U.S. Court of International Trade to overturn President Trump’s most recent tariff measures. Concurrently, NYU Law antitrust scholar Harry First...
Iran War Drives up Australian Home Construction Costs
The ongoing US‑Iran conflict is pushing Australian home‑building costs higher as supply chain disruptions raise material prices and labor expenses. At the same time, the Australian dollar has surged to its strongest level since June 2022, strengthening import capacity but also...
Anthropic Draws Investor Offers at Over $800 Billion Value
Anthropic, the AI startup behind Claude, has attracted multiple investor offers that could more than double its pre‑money valuation to roughly $800 billion, positioning it among the most valuable private tech firms. The surge in interest coincides with rising demand for...
India Gets Fertilizer Offers Near $1,000 as War Stokes Costs
India’s latest urea tender, the world’s largest nitrogen‑fertilizer buyer, received bids hovering around $1,000 per metric ton. More than two dozen suppliers, including Aramco Trading Co. and Ameropa Asia, submitted offers as the conflict in Iran pushes global fertilizer costs...
Bloomberg Daybreak: Trump Says Iran War End in Sight (Podcast)
President Trump signaled that the six‑week Iran conflict could be winding down, sparking optimism in equity markets and easing pressure on global oil prices. He suggested peace talks may resume within two days and hinted that the recent two‑week cease‑fire...
Merryn Talks Money: The Contrarian Case for London (Podcast)
Merryn Somerset Webb and John Stepek note that UK house prices have barely outpaced inflation over the last ten years, with London’s real‑price values actually declining. Guest Daniel Austin, CEO of ASK Partners, argues that despite high transaction costs and policy uncertainty, prime central‑London...
Market Calm Endures Ahead of Possible US-Iran Talks
Investors are holding their breath as a possible second round of US‑Iran cease‑fire talks keeps markets unusually calm. Oil prices and major currencies are flat, while S&P 500 futures remain steady and Asian equities post modest gains after Wall Street’s overnight...
Telix Pharma Upsizes Convertible Bond Deal to $600 Million
Telix Pharmaceuticals Ltd., Australia’s largest cancer‑drug developer, expanded its convertible bond offering to $600 million AUD (about $396 million USD), surpassing the original $550 million target. The bonds were priced at a $13.85 AUD conversion price per share (roughly $9.15 USD), representing a 37.5% premium...
Amazon Nears Deal for Globalstar in Push to Rival Musk’s Starlink
Amazon.com Inc. is in advanced talks to acquire satellite operator Globalstar Inc., a move that would accelerate its Project Kuiper satellite broadband rollout. The deal, expected to be announced as early as Tuesday, would give Amazon access to Globalstar’s low‑Earth‑orbit...
Bloomberg Daybreak Asia: US-Iran Eye More Talks (Podcast)
Asian stocks rose as artificial‑intelligence shares regained momentum, while Middle‑East tensions eased after President Donald Trump signaled openness to renewed talks with Iran. Brent crude fell 1.5% to $97.85 a barrel as the United States and Iran explored a fresh...
Goldman, Ardian Bought CIC’s $1 Billion US Private Equity Stake
Goldman Sachs and French private‑equity firm Ardian have each acquired a portion of a $1 billion U.S. private‑equity stake sold by China Investment Corp. (CIC). The transaction closed after CIC sought to trim its exposure to private‑market assets, with Ardian buying...
Oil Prices Have Higher to Go, IEA Warns
The International Energy Agency warned that current oil prices do not yet reflect the depth of the supply shock caused by the Iran‑Israel war, which has taken roughly 13 million barrels per day offline and damaged over 80 facilities. Brent and...
US Blockade of Strait of Hormuz Begins As New Talks Weighed
The United States has initiated a naval blockade of the Strait of Hormuz, aiming to halt tanker traffic as a pressure tactic against Iran. Washington and Tehran are scrambling to negotiate a new cease‑fire before the current one lapses next...