Norway Sovereign Wealth Fund Backs BP Management Ahead of AGM
Norway’s sovereign wealth fund, Norges Bank Investment Management, announced it will back the re‑election of BP Plc chairman Albert Manifold and a slate of other management proposals. The fund also said it will support the board’s plan to discard two climate‑reporting resolutions at BP’s annual general meeting on April 23. With $2.2 trillion under management, the fund’s voting stance carries significant weight with shareholders. The move underscores BP’s current strategic direction and its handling of ESG issues.
Australia Signs Deal For First Batch of Warships From Japan
Australia has finalized a contract for the first three of 11 advanced warships it will acquire from Japan, marking the inaugural batch of the Mogami‑class stealth frigates. The signing ceremony in Melbourne was attended by Australian Defence Minister Richard Marles...
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...
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...
Hormuz Blockade, Australia Acts to Secure Urea
After US‑Iran peace talks collapsed, President Trump announced a full naval blockade of the Strait of Hormuz, heightening fears of oil and commodity disruptions. In response, Australia created a government‑industry working group to protect its urea supply, noting that roughly...
Trump Vows to Blockade Hormuz After Iran Talks Fail
Donald Trump announced a full naval blockade of the Strait of Hormuz beginning Monday after US‑Iran talks in Islamabad stalled, raising immediate concerns for global oil flows. Japan is pouring $16 billion into Rapidus to revive its AI‑chip manufacturing capability, while Apple...
Fonterra Promotes Ingredients Head Richard Allen to Be Next CEO
Fonterra Cooperative Group announced that Richard Allen, who has led its ingredients division since 2022, will become chief executive on May 1, succeeding Miles Hurrell. The change comes as the dairy giant finalizes the sale of its consumer‑facing business and doubles...
Oracle Hire Shows CFOs’ Growing Role in Global AI Boom
Oracle Corp. announced the appointment of Hilary Maxson as its new chief financial officer, underscoring finance’s expanding influence in the artificial‑intelligence surge. Maxson will oversee a multi‑billion‑dollar data‑center build‑out designed to support Oracle’s AI‑driven cloud services. The hire signals that...
Bloomberg This Weekend: US-Iran Talks in Pakistan (Podcast)
The United States launched a diplomatic push in Islamabad on April 11, 2026, sending Vice President JD Vance, special envoy Steve Witkoff and Jared Kushner to discuss ending the six‑week Middle‑East conflict with Iran. Iran’s Fars agency confirmed talks had begun, though it did not...
Merryn Talks Money: Are LLMs Hitting a Ceiling? (Podcast)
In a Bloomberg UK podcast, Merryn Somerset Webb interviews Janusz Marecki, CEO of Fractal Brain and AI partner at Ahren Innovation Capital, about whether large language models (LLMs) are approaching fundamental limits. Marecki argues that the pool of high‑quality internet...
Iran Ceasefire Eases Markets, Not Singapore’s Concerns
A cease‑fire in the Iran conflict has steadied global risk assets, but Singapore’s foreign affairs minister warned that the worst‑case energy‑supply shock is not fully priced in. Singapore responded with about S$1 billion (≈ $785 million) of support measures and urged reduced electricity...
Former OpenAI Stargate Leaders Plan to Join Meta Platforms
Three senior executives who drove OpenAI’s massive "Stargate" data‑center build‑out are set to join Meta Platforms, according to insiders. Peter Hoeschele, who oversaw the expansion of hundreds of billions of dollars in AI‑focused compute capacity, will be accompanied by Shamez...
Weekend Law: Kalshi, the 'God Squad' & Social Media (Podcast)
Bloomberg Law’s Weekend Law podcast episode, hosted by June Grasso, dives into three timely legal topics. First, it examines Kalshi, the first federally regulated exchange for event contracts, and its implications for speculative trading and investor protection. Second, the discussion...
Balance of Power: US, Iran Prepare for Talks (Podcast)
Bloomberg’s daily podcast “Balance of Power” aired an episode on April 9, 2026 focused on the United States and Iran preparing for diplomatic talks. Hosts Joe Mathieu and Kailey Leinz brought together a panel of experts—including Bloomberg correspondent Tyler Kendall, Chatham House...
NLB Joins Raiffeisen in Bidding Battle for Balkans Lender Addiko
Nova Ljubljanska banka (NLB) announced a €29‑per‑share offer for Addiko Bank, valuing the Balkan consumer‑lending specialist at €566 million (about $663 million). The bid directly challenges Raiffeisen Bank International’s earlier €23.05 offer. NLB’s proposal aims to secure a controlling stake in Addiko’s...
Buy Bitcoin at Night
A long‑standing market anomaly shows that most risky assets generate the bulk of their returns when markets are closed, while intraday performance is flat or negative. Researchers Haghani, Ragulin and Dewey document over three decades of 100%+ annualized overnight gains...
Oil Slides as US, Iran Agree Two-Week Ceasefire
The United States and Iran have agreed to a two‑week cease‑fire that reopens the Strait of Hormuz, allowing over 800 trapped vessels to resume transit. Crude oil prices plunged about six percent, marking the steepest drop in nearly six years...
Aerospace, Defense Parts Maker Arxis Seeks $1.06 Billion in IPO
Arxis Inc., a Connecticut‑based supplier of electronic and mechanical components for aerospace and defense customers, filed to raise up to $1.06 billion in a U.S. IPO. The company will offer 37.7 million shares at $25‑$28 each, which could value Arxis at roughly...
Rezolve AI to Make Hostile Bid for Commerce.com as Talks Fail
Rezolve AI Plc has moved to a hostile takeover of Commerce.com Inc. after direct negotiations with the target’s board broke down. The AI‑driven firm is offering shareholders one Rezolve share for every two Commerce.com shares, a less generous ratio than...
Stock Movers: Delta, Exxon Mobil, Carnival (Podcast)
Delta Air Lines said it will absorb more than $2 billion in additional fuel expenses through June as the Iran‑Israel conflict drives jet‑fuel prices higher, but the airline left its full‑year profit outlook unchanged. Exxon Mobil reported that 6 % of its...
Retail Investors Keep Fleeing Private Credit, and Some Firms Are Ready to Pounce
Retail investors are rapidly redeeming their stakes in non‑traded business development companies (BDCs), a key segment of private credit. Moody's has responded by downgrading the outlook for BDCs from stable to negative, signaling heightened credit risk. The redemption surge is...
France to Expand Munitions Stocks in €36 Billion Defense Boost
France announced a €36 billion ($42 billion) defense boost over five years starting in 2026, with a heavy emphasis on drones and munitions. The revised spending bill earmarks €8.5 billion ($10 billion) for a 54% increase in munitions and €2 billion ($2.3 billion) for drone programs....
Finland Is Working Toward IPO of Gambling Company Veikkaus
Finland is preparing a potential initial public offering for state‑owned gambling operator Veikkaus Oy, though several regulatory and operational milestones remain. The government plans to introduce a licensing regime in July 2027 that will end Veikkaus’s monopoly over online sports betting...
Stock Movers: Soleno, Tyson, Applied Opto (Podcast)
Soleno Therapeutics (SLNO) jumped up to 32% in pre‑market trading after the Financial Times reported that Neurocrine is in advanced talks to acquire the biotech for a price in the low‑to‑mid $50s per share, valuing the company at more than...
Prediction Markets Create New Insider Trading Headaches for Executives
Prediction markets such as Kalshi Inc. and Polymarket let users bet on corporate events, turning public speculation into a potential conduit for material nonpublic information. As executives discuss earnings, product launches, or mergers, the risk of inadvertently feeding these platforms...
Bloomberg This Weekend: Downed F-15 Airman Missing (Podcast)
An U.S. F‑15E fighter was shot down over Iran, leaving one crew member missing as search‑and‑rescue efforts continue. A second U.S. combat plane reportedly crashed in the Persian Gulf the same day, underscoring escalating tensions. The incidents come as the...
Pentagon Budget Seeks 85 Lockheed F-35s in Boost to Program
The Pentagon’s FY 2027 budget request calls for 85 Lockheed Martin F‑35 jets, up from 47 in the prior proposal. The allocation includes 38 F‑35A aircraft for the Air Force, 10 F‑35B short‑takeoff/vertical‑landing models for the Marine Corps, and 37 carrier‑capable F‑35C...
A Subprime Lender’s Woes Raise Bigger Concerns About Canadian Households
Goeasy, a Canadian sub‑prime lender, disclosed a sharp rise in net charge‑offs stemming from its LendCare unit, which supplies auto‑dealer and powersports loans and represents 43% of its portfolio. The fallout triggered staff cuts, a leadership shuffle and a renewed...
Instant Reaction: Trump Threatens Iran Escalation (Podcast)
President Donald Trump announced in a rare prime‑time address that the U.S. war against Iran is "very close" to achieving its core objectives, including the destruction of Iranian ballistic missiles, drones, air force, navy, and industrial infrastructure. He claimed the...
RBI’s Latest Attempt to Shield Rupee May Bring Near-Term Rebound
India’s central bank has moved to curb speculation on the rupee by prohibiting banks from offering non‑deliverable forwards (NDFs) to both resident and non‑resident clients, effective immediately. The RBI also reinforced a $100 million daily position limit for banks, aiming to...
Tech Disruptors: Mastercard on Stablecoins and Agentic Commerce
Mastercard is deepening its foray into stablecoin infrastructure, highlighted by a proposed acquisition of BVNK, a firm that provides fiat‑on‑ramp services for digital assets. The move aligns with the company’s broader strategy to embed its trust‑centric network into emerging payment...
Lenders to Vista's Software Firm Solera Form Pact as Loans Near Maturity
Senior lenders to Solera Holdings, including Apollo Global Management and Pacific Investment Management, have engaged White & Case as a joint legal adviser as the company’s 2028 debt matures. The lenders signed a cooperation agreement that binds all participants together for...
Are Algae Securities Fraud?
Algae‑based fuel startups are pitching genetically engineered algae as a breakthrough renewable energy source, promising massive returns. Founders often embellish technical viability to attract venture capital, leading investors to question whether claims are realistic. The article highlights the tension between...
AI Disruption Fears Hitting Secondaries Portfolios Along With War
AI‑driven disruption and heightened geopolitical risk are prompting secondary market investors to re‑evaluate private‑equity fund portfolios. Sellers face tighter pricing as buyers demand deeper due‑diligence on AI‑exposed assets. War‑related supply chain shocks further compress valuations, especially in consumer‑focused funds. The...
Former FBI Agents Seek Class-Action Suit Against Bureau, DOJ
Former FBI agents have filed a class‑action lawsuit alleging that the bureau fired employees since January 2025 for perceived political affiliation, denying them due process. The complaint was lodged in U.S. District Court in Washington against the FBI, its director Kash...
Dubai’s Hedge Fund Boom, Property Surge in Focus as Iran War Continues
Hedge funds are markedly increasing their exposure to Dubai and Abu Dhabi, signaling renewed confidence in the UAE’s financial hub despite the ongoing Iran‑Israel conflict. At the same time, property developers in the Emirates have launched a concerted outreach to...
Credit Crunch: GSAM’s McClain on High Yield Risks, Resilience
Goldman Sachs Asset Management’s high‑yield co‑head John McClain says the post‑COVID high‑yield market remains robust, with scarce new issuance, minimal downgrades and strong investor demand anchored by elevated base rates. Credit spreads are holding at reasonable levels, reflecting solid underlying...