Bloomberg News and Videos — Page 9

Ten Cap co-founder and Lead Portfolio Manager Jun Bei Liu breaks down the difficulty of intervening in the bond market at a time when AI firms are pouring massive capital into capital expenditure.

Known as India's 'Queen of Biotech', Kiran Mazumdar-Shaw built Biocon from a rented garage almost 50 years ago. Today, her multibillion-dollar company is one of the world's biggest producers of insulin, and a leading force in biosimilars. As she looks at handing over her life's work to successors, Mazumdar-Shaw talks to Bloomberg's Haslinda Amin about her pioneering journey as a female entrepreneur in India, her mission to deliver life-saving therapies to patients and what she believes India must do to tackle an AI future.

Known as India's 'Queen of Biotech', Kiran Mazumdar-Shaw built Biocon from a rented garage almost 50 years ago. Today, her multibillion-dollar company is one of the world's biggest producers of insulin, and a leading force in biosimilars. As she looks at handing over her life's work to successors, Mazumdar-Shaw talks to Bloomberg's Haslinda Amin about her pioneering journey as a female entrepreneur in India, her mission to deliver life-saving therapies to patients and what she believes India must do to tackle an AI future.

Alibaba Group Holding Ltd.'s profit plunged more than 75% after the company increased quarterly capital spending to almost $10 billion to safeguard its position in the global AI arena. Bloomberg's Minmin Low reports.

The curated online marketplace Maisonette is expanding it to what it describes as an untapped market by launching a new platform targeted to tweens and teens. President AJ Nicholas saying the company is looking to tap into the demographic of kids that "start to exert some independence and autonomy and really have a say over their style." As Maisonette has been around for 9 years, Nicholas says its important that the company grows organically as its customers' families grow up as well, allowing them to expand further into the more than $225 Billion industry.

Broadcom Inc. is in talks with a group of lenders to raise more than $60 billion in debt for an AI chip financing deal that will benefit Anthropic PBC and other companies, according to people with knowledge of the matter. The financing, which is still being ironed out, may also include a roughly $30 billion junior debt tranche, said some of the people, who asked not to be identified because the information is private. Bloomberg News Deals Reporter Ryan Gould breaks down the significance of a potential deal, and who the players may be.

Allie Miller, CEO of Open Machine, shared insights on how top technology companies are managing their AI investments to balance cost and return. She explained that frontier companies typically divide their AI efforts into two groups: one focused on raising the baseline capabilities across departments like finance, legal, marketing, and sales with modest subscription-level spending, and a second, smaller 'frontier' team that operates with significantly higher budgets and greater experimentation freedom. She speaks with Romaine Bostick on "The Close."

Dan Fachner, CEO of J&J Snack Foods, discussed the company's strategic focus on the food service segment, which accounts for 60% of its business. He emphasized the strong recovery and growth potential in experiential venues such as theaters, theme parks, and ballparks, where iconic brands like ICEE, Dippin' Dots, and Super Pretzel are popular. He speaks with Romaine Bostick on "The Close."

Pauline Brown, former chairman of LVMH North America, discussed evolving trends in the luxury market. She highlighted that while traditional luxury spending correlates with strong economic indicators like housing and low unemployment, today's consumers are more discerning. She speaks with Romaine Bostick & Sally Bakewell on "The Close."

Bill Dudley, a Bloomberg Opinion columnist and former New York Fed President, explains why he thinks US the equity market is in bubble territory. Speaking with Romaine Bostick on "Bloomberg The Close," Dudley also comments on the economic impact of AI and the rise in bond yields.