Bloomberg News and Videos — Page 285

Despite Zhipu being the hottest stock on the HSTECH Index this year, Felix Wang of Hedgeye Risk Management says the fair value for the stock on the short side is HK$407. He adds that Zhipu lacks pricing power, particularly after the release of DeepSeek's V4 model, which has triggered a price war among Chinese AI firms. He spoke on "Bloomberg: The China Show."

Iran is set to receive broad financial incentives as part of its agreement with the US, including the right to sell oil immediately, according to a final draft of the deal. Bloomberg's Abeer Abu Omar reports from Dubai.

Aisa Ogoshi of JPMorgan Asset Management says "risk obviously is in the tech trade" due to the market concentration. But she adds that "there's more upside to the tech trade" in terms of the AI data center supply chain. Ogoshi also discusses the outlook for the Bank of Japan.

Parash Jain, Global Head of Transport and Logistics at HSBC, says shipping companies remain in "wait-and-see" mode as the Strait of Hormuz edges closer to reopening under a US Iran agreement. He notes the next 40 50 days will be critical in determining whether more vessels can pass through, as de-mining operations are still underway. He does not expect significant movement in the short term. He speaks with Shery Ahn and Haidi Stroud Watts on "Bloomberg: The Asia Trade".

Kalshi co-founder Tarek Mansour discusses the increased utilization of hedging at the Bloomberg Market Structure Conference.

US Senator Elizabeth Warren, a Massachusetts Democrat, says President Donald Trump "can't point to where we're better off" after the war in Iran. Speaking on "Balance of Power: Evening Edition," Senator Warren also discusses Defense Secretary Pete Hegseth's military budget request, her criticisms of Kevin Warsh as chair of the Federal Reserve, the state of housing and the SpaceX IPO.

David Roman, US medtech and healthcare IT research analyst for Goldman Sachs, said that AI play a 'significant' role in helping patients stay on top of their diabetes, with companies like Abbott and Dexcom using new technology to count carbohydrates and deliver the right amount of insulin. Roman, joined by Bloomberg health reporter Madison Muller, said that he came away from Goldman Sach's annual medtech conference 'very bullish' on innovation across the industry.

Larry Freedman, Co-President of the Los Angeles Football Club and Co-Chair of the LA 2026 FIFA World Cup host committee, reflected on the evolution of soccer in the United States from the 1990s to the present. He highlighted the significant difference between past World Cups and the upcoming 2026 tournament, noting that in the 1990s there were no first division professional leagues for men or women. He speaks with Romaine Bostick & Katie Greifeld on "The Close."

On June 16th, Valerie Jarrett, CEO of The Obama Foundation, discusses the opening of the Obama Presidential Center. She discusses the importance of opening this building, especially at the point in the county's history. She speaks with Romaine Bostick & Katie Greifeld on "The Close."

On the third day of trading, SpaceX's market capitalization surged to approximately $2.7 trillion, positioning the company to surpass Amazon in market value. Joining the discussion, Aswath Damodaran, Professor of Finance at NYU Stern School of Business, provided his valuation perspective. He explained that his recent analysis estimated SpaceX's enterprise value at around $1.2 trillion and equity value near $1.3 trillion, roughly half of the current market cap. He speaks with Romaine Bostick & Katie Greifeld on "The Close."