Bloomberg News and Videos — Page 291

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.

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.

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."

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.

Fox Corp. agreed to acquire Roku Inc. in a deal valued at about $22 billion including debt, creating a new television juggernaut and marking a big push into ad-supported streaming.  The deal will blend Fox's sports, news and entertainment channels, including the free, ad-supported Tubi, with Roku's streaming platform of more than 100 million subscribers, the companies said in a statement Monday. The acquisition will create the third-largest player in the US television market by share of viewing, spanning broadcast, cable, local and streaming, the companies said. "This combination will transform the scope of our company into high-growth verticals and yield a step change in our overall growth profile," Fox Chief Executive Officer Lachlan Murdoch said in the statement. For more on Fox's acquisition of Roku, Bloomberg Intelligence Analyst on US Media, Geetha Ranganathan, joins Paul Sweeney and Scarlet Fu on "Bloomberg Intelligence."

Evelyn Farkas, executive director of the McCain Institute, said that the US may incentivize further talks with Iran by unfreezing some assets seized during the course of the conflict after a short-term deal is signed to extend a ceasefire and reopen the Strait of Hormuz. Talking with French President Emmanuel Macron ahead of the G7 summit, President Trump told reporters that his attention is also turning back to Russia and Ukraine now that that short-term deal with Iran is done. Farkas said Russians have never been weaker militarily, economically, and politically than they are now.

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Salesforce Inc. has agreed to buy Fin, a firm that develops artificial intelligence-powered customer agents, for about $3.6 billion as the software company works to win new business for enterprise AI. Fin's flagship product, AI Agent, handles customer queries via chat, email, WhatsApp, text message, phone and Slack. Bloomberg Intelligence Technology Analyst Anurag Rana joined Paul Sweeney and Scarlet Fu on "Bloomberg Intelligence."

"Data centers in space" may sound like science fiction, but as the SpaceX IPO augurs a space boom, tech giants and startups are betting orbital artificial intelligence is the next frontier.

Copper rallies as the U.S. and Iran strike an interim agreement to reopen the Strait of Hormuz, easing a key risk for commodity markets. Ivanhoe Electric CEO Taylor Melvin joins "Bloomberg Open Interest" to discuss the outlook for the metal ahead of President Trump's decision on copper tariffs.