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SpaceX Shares Jump in Second Day of Trading After Record IPO

Bloomberg's Bailey Lipschultz and David Bauer, head of equity capital markets Americas at JPMorgan, discuss SpaceX's success on the company's second day of trading after a record IPO Friday. Bauer said he sees a real 'investment thesis' driving SpaceX as the company contributes to reindustrializing America with 'new ecosystems' and the emergence of space as an industry.

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Bloomberg

Rieder Says No Forward Guidance Is a Good Thing

Rick Rieder, BlackRock global fixed income CIO, says if the new Federal Reserve Chair Kevin Warsh eliminates forward guidance, it will be good for markets. He speaks about how other changes Warsh makes could impact stocks, the state of private credit and where he sees the price of bitcoin heading. He appears on "Bloomberg ETF IQ."

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Bloomberg

May Inflation Data Might Be Peak as US-Iran Make Deal, Says Jason Draho

Jason Draho, head of asset allocation at UBS Chief Investment Office, said that even though oil flows and energy prices aren't expect to drop back to normal right after a deal between the US and Iran does into effect, May's inflation print may be the peak for year over year measure. Draho said that as energy prices go lower, inflation will start to level out and then dissipate.

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Bloomberg

SpaceX Capable of Building Orbital Data Centers, Says Former Meta CTO

Mike Schroepfer, former CTO of Meta and founding partner of Gigascale Capital - a venture firm making early-stage bets on companies focused on climate impact - says SpaceX is the only company capable of building orbital data centers. He also shares how ocean data centers are 100x cheaper than orbital ones. He joins Ed Ludlow on "Bloomberg Tech" to discuss.

Read more: SpaceX Capable of Building Orbital Data Centers, Says Former Meta CTO
Bloomberg

Cohere Seeing Inbounds After Washington's Anthropic Scrutiny

Cohere Chief AI Officer Joelle Pineau says Cohere has seen a huge number of inbounds after Anthropic was ordered by the US government to disable access to its most advanced AI platforms for all foreign nationals, with governments and investors alike now seeking non-US models as Washington steps up its AI oversight. She joins Ed Ludlow on "Bloomberg Tech."

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Bloomberg

US Oil Reserve Hits 43-Year Low as Trump Tries to Limit Iran Fallout

Bob McNally, president of Rapidan Energy Group, said that countries across the world are going to up their demand for oil to fill strategic reserves depleted by conflict in Iran and the closure of the Strait of Hormuz. McNally said that demand in Asian countries like China will be higher than before, because of the crude 'crash diet' the region was on without access to oil supply chains.

Read more: US Oil Reserve Hits 43-Year Low as Trump Tries to Limit Iran Fallout