Bloomberg

Bloomberg's Olivia Fishlow joins Dani Burger and Scarlet Fu on "Bloomberg Deals." Federal prosecutors are scrutinizing valuation practices at a BlackRock private credit fund, according to people with knowledge of the matter.

Iran warned it would retaliate beyond the Middle East if the US or Israel attacks it again, following renewed threats from President Donald Trump. Rachel Whitlark, Georgia Tech Sam Nunn School of International Affairs Associate Professor joins Balance of Power to discuss.

Bloomberg's Randall Williams joins Dani Burger on "Bloomberg Deals." The Cleveland Browns said it sold a stake to Arctos Partners. The total investment is said to be for 10% of the club at a valuation of more than $9 billion, according to people familiar with the matter.

Doug Ostrover, the billionaire co-founder of Blue Owl Capital is unloading his stake in the NFL's Washington Commanders. Also, Tech billionaire Michael Dell and Hollywood superagent Ari Emanuel are among a group of investors purchasing a minority stake in the Las Vegas Raiders football team. Scarlet Fu reports on "Bloomberg Deals."

OpenAI is preparing to file for an initial public offering in the coming weeks and is targeting a public debut sometime in the fall. The exact timing remains uncertain. The ChatGPT creator, co-founded by Sam Altman, is one of the world's most valuable and powerful AI companies. Bloomberg's Ed Ludlow has all the details.

A majority of Federal Reserve officials warned the central bank would likely need to consider raising interest rates if inflation continued to run persistently above their 2% target, minutes of the April 28-29 Federal Open Market Committee meeting showed. Mike McKee reports.

Acting US Attorney General Todd Blanche made the announcement Wednesday in Miami. The charges stem from the downing of two civilian aircraft in 1996. They were operated by a Florida-based exile group called Brothers to the Rescue. Bloomberg's Myles Miller reports.

Kurt Anderson, Senior Vice President, Strategy & Business Development, Kyndryl U.S. kicks off the Building an AI Future-Ready Business event in New York by discussing new ways to enable continuous enterprise transformation and a competitive edge with AI.

A jury rejected Elon Musk's claims that OpenAI under Sam Altman's leadership betrayed its mission to benefit the public by morphing into a for-profit business, finding that he waited too long to sue the company. In a post on X this week, Musk said that he will be filing an appeal with the Ninth Circuit court, noting "the judge and jury never actually ruled on the merits" of the case. For a closer look, we speak with Matthew Schettenhelm, media litigation analyst for Bloomberg Intelligence.

Target Corp.'s turnaround gained traction last quarter, but the retailer worried investors after striking a more cautious tone about the coming months. The company that has been struggling to revive growth after a pandemic-fueled boom showed Wednesday that it's making progress. Comparable sales jumped 5.6% last quarter, the biggest increase since the end of 2021 and triple the gain analysts were expecting. The chain also raised its annual revenue guidance by 2 percentage points to about 4%. Target is looking to win back increasingly selective shoppers amid resurgent concerns about inflation as the conflict in the Middle East boosts gas prices. Competitors such as Walmart Inc. and Costco Wholesale Corp. have been gaining market share with low prices, increased online options and expanded selections. For more on Target's results, we speak with Jennifer Bartashus, Senior Retail Staples Analyst for Bloomberg Intelligence.