Bloomberg News and Videos — Page 17

Bloomberg's Mark Chediak joins Dani Burger on "Bloomberg Deals." Virginia Governor Abigail Spanberger won't support NextEra Energy's $67 billion Dominion Energy takeover without a six-year freeze on residential power rates, raising the bar for a utility mega-deal that's facing increasing skepticism.

Kuwait Petroleum Corporation CEO Sheikh Nawaf Al-Sabah said that company told customers that it would do 'everything possible' to ensure shipments of crude would continue despite the closure of the Strait of Hormuz. Al-Sabah said that the company has been able to produce over 2 million barrels a day and is looking into future pipelines to move crude.

Bloomberg's Bailey Lipschultz joins Dani Burger on "Bloomberg Deals." Nscale is facing opposition to the valuation target it's pursuing in its initial public offering, according to people familiar with the matter, after a series of market setbacks for artificial intelligence companies.

Kai Liekefett, partner & co-chair of shareholder activism practice at Sidley Austin, and Rebecca Van Derlaske, partner in the shareholder activism group at Olshan Frome Wolosky, join Dani Burger on "Bloomberg Deals." They take us inside what really happens amid activism fights.

President Donald Trump has talked about replacing the White House press briefing room with an indoor swimming pool. This is according to the New York Times. The outlet says he's been considering the move since August. Trump has been at odds with some in the press over what he calls unfair coverage. Bloomberg's Catherine Lucey reports.

Madhu Namburi, managing director, co-head of creation fund at General Catalyst, joins Dani Burger on "Bloomberg Deals." They discuss how AI is affecting dealmaking and investments.

Brian Schwartz, CEO of H.I.G. Capital, joins Dani Burger on "Bloomberg Deals." They discussed how private equity managers have struggled to sell assets amid higher borrowing costs and weaker valuations.

Kyle Kondik, managing editor of Sabato's Crystal Ball at University of Virginia's Center for Politics, said that the upcoming midterm elections will be about 'overall environment' than about developments in individual races. Sabato's Crystal Ball moved 28 House ratings toward Democrats earlier this week and Kondik said that Democrats will do 'quite well' in swing House districts, while control of the Senate is still 'up in the air.'

Elon Musk says combining SpaceX and Tesla makes sense. "There's a lot to be gained from cooperating on developing superintelligence software," he said during the SpaceX earnings webcast on Tuesday. Musk, who is chief executive officer of both companies, says he won't take part in any committee discussions about the idea.

SpaceX is building the means of production for intelligence, says Chad Anderson, CEO of Space Capital. Anderson, an early investor in SpaceX, explains why he sees the company as a modern version of the vertically integrated giants of the Industrial Revolution, how much room it has to grow, and how the neocloud, connectivity and AI segments all fit into the space business. He speaks with Ed Ludlow on "Bloomberg Tech."