Bloomberg

KKR just made a bold $300M move to rescue a struggling private credit fund hit by rising bad loans and falling value. With dividend cuts, a junk rating, and growing pressure on the sector, Bloomberg Credit Editor Bruce Douglas explains what's going wrong, and whether KKR's intervention is confidence or damage control.

US citizens who were on the Hondius cruise ship hit by a hantavirus outbreak are now being isolated in Nebraska. One person is in a specialized biocontainment unit after testing positive for the rare respiratory disease. Shares of Moderna are rising after the company said it's working on a vaccine. Sam Fazeli of Bloomberg Intelligence has more.

KKR & Co. is injecting $300 million into a private credit fund it manages with Future Standard, investing $150 million in preferred equity and tender for $150 million of FS KKR Capital Corp. Bruce Douglas reports on Bloomberg Television.

Matt Hornbach, global head of macro strategy at Morgan Stanley, offers his outlook for this week's US inflation data and what it can mean for Federal Reserve policy.

"We're cautious, but not bearish," says Ian Harnett, chief investment strategist at Absolute Strategy Research, as he doesn't see a convincing argument for stagflation to have a negative impact on markets.

Former French Finance Minister Bruno Le Maire argued that Europe urgently needs a stronger more competitive economy and that companies like TotalEnergies should not be more taxed because they benefit from higher oil prices. He also warned about far-left extremism in France, one year ahead of the French presidential elections. Le Maire spoke exclusively with Bloomberg's Francine Lacqua from London.

The US and Iran remain far apart on a framework to end their war and reopen the Strait of Hormuz, as President Donald Trump rejected the Islamic Republic's response to his proposed peace plan, but stopped short of declaring a resumption of fighting. Mica Soellner of Bloomberg Government has more.

Latvia will work with Ukraine and its allies to better handle defense against drones that stray into its territory, Latvian Foreign Minister Baiba Braze said, after two drones crashed last week in the country's east, forcing Defense Minister Andris Spruds to resign late on Sunday. Braze spoke to BTV's Oliver Crook on Monday ahead of the Foreign Affairs Council in Brussels.

Lithuanian Foreign Minister Kestutis Budrys said that Vilnius welcomes US troops "wherever they are" on the continent, though said the closer those forces are to Russia the more effective their role in deterrence. He made the comments in an interview with BTV's Oliver Crook on Monday morning, ahead of the Foreign Affairs Council in Brussels.

Jane Foley, head of FX strategy at Rabobank, discusses the outlook for gilt markets as UK Prime Minister attempts to persuade the Labour Party that he is the right person to lead it following last week's heavy losses in local election results.