Bloomberg

Record M&A volumes are being driven by AI, abundant capital, and a more deal-friendly regulatory environment, but Jones Day's Robert Profusek says private equity is still on the sidelines because sellers' expectations remain too high. He also warns that AI valuations are reaching unprecedented levels, raising questions about whether today's deal boom can last.

Hedge funds posted a strong first half with Lone Pine Capital posting a 43% gain and David Tepper's Appaloosa Management returning 32%. Sridhar Natarajan has more on "Bloomberg Open Interest."

Element Solutions CEO Ben Gliklich joins Open Interest to break down why Solstice's $14.5 billion takeover offer was too compelling to pass up, explaining how the combined company could become a bigger player in semiconductor materials, AI data-center cooling and critical US  supply chains.

BlackRock Investment Institute Global Head Jean Boivin joined Open Interest to talk about how AI is fueling the biggest investment transformation in history, making private credit one of the biggest long-term beneficiaries. He explains why investors don't need to pick AI winners to profit, why balance sheet quality matters more than ever, and why comparisons to the dot-com bubble or 2008 miss what's happening today.

As SpaceX prepares to enter major indexes, wealth managers say clients are increasingly asking how to avoid owning the company because of Elon Musk's polarizing reputation.  Ellevest head of wealth management Emily Green joined Open Interest to discuss the  real cost of excluding stocks from index portfolios, why direct indexing is gaining traction, and what passive investors may not realize about changing index dynamics.

A selloff in chipmakers dragged down stocks on concerns over whether massive artificial-intelligence investments will justify lofty valuations. Julian Emanuel, Chief Equity & Quantitative Strategist at Evercore ISI, discusses his S&P 500 call amid recent volatility.

On this episode of Stock Movers: - Fiserv (FISV) is climbing as the Wall Street Journal reports big banks including JPMorgan Chase, Bank of America, Wells Fargo and PNC Financial Services Group have held preliminary discussions about a deal to acquire a network owned by the financial-technology company Fiserv. - Crinetics Pharmaceuticals (CRNC) is soaring after Vertex Pharmaceuticals agreed to buy Crinetics for $10 billion in cash to expand into endocrinology. - SpaceX (SPCX) is lower even though at least six brokers, including Morgan Stanley and Goldman Sachs, have started coverage of SpaceX with buy-equivalent ratings. SpaceX's addition to the Nasdaq 100 should provide considerable support to the stock, considering the number of funds that track the tech-heavy benchmark.

Amazon.com is looking to raise at least $25 billion from a US dollar bond sale, its latest funding push as the company ramps up investment in AI infrastructure. Robert Schiffman and Ed Ludlow have more on "Bloomberg Open Interest."

SpaceX joins the Nasdaq 100 Index Tuesday and many analysts are saying buy the stock. But Nicholas Owens of Morningstar has a sell rating and price target of $62. He says shares are overvalued. He speaks on "Bloomberg Surveillance."

Julian Emanuel, Evercore ISI chief equity and quantitative strategist, doesn't believe the Federal Reserve will move on interest rates this year. Emanuel is maintaining his S&P 500 year-end price target of 7,750 even though stocks have become more volatile. He speaks on "Bloomberg Surveillance."