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ASML's Surge Masks Lowball Valuation Relative to Peers

ASML's ascent to fresh record highs has been a highlight for European markets, yet it's done little to improve what is the semiconductor firm's cheapest relative valuation in years. Its forward price-to-earnings ratio relative to major peers is at the lowest in more than a decade. Bloomberg's Dasha Afanasieva reports from Amsterdam.

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Bloomberg

Expect Strong Second Half of Year for Private Equity: Carlyle's Steve Wise

Carlyle's Co-Head of American Private Equity, Steve Wise, says activity is starting to pick up in private markets, with credit markets in good shape and a good backdrop for M&A. In an interview on "The Pulse with Francine Lacqua" on June 9, Wise also discussed the strength of the US economy and why Carlyle is investing in the defense and industrial industries.

Read more: Expect Strong Second Half of Year for Private Equity: Carlyle's Steve Wise
Bloomberg

Google's Backstops Underpin $35 Billion Anthropic Chip Deal

Anthropic is leasing powerful computer chips at five data centers with help from Google, one of the artificial intelligence firm's earliest investors. Google has agreed to backstop lease payments at each location, helping Anthropic obtain what amounts to a $35 billion loan. Bloomberg's Neil Campling explains.

Read more: Google's Backstops Underpin $35 Billion Anthropic Chip Deal