Australia Breaking News

Silicon Quantum Computing secured a $20 million investment from the National Reconstruction Fund via a SAFE note.

Crusoe CEO Chase Lochmiller discusses the company's data center project in Abilene and the growing energy demands of AI infrastructure with Bloomberg's Julie Fine at CERAWeek in Houston.

The Australian Council of Trade Unions has launched a high-stakes bid for a 5% increase to the national minimum wage.

Oil fell sharply on Monday, again posting one of the biggest price swings on record, after US President Donald Trump said he was holding off on striking Iranian power plants and was negotiating a potential end to the war. Brent and West Texas Intermediate both tumbled more than 14% before clawing back some losses, with the global benchmark closing below $100 for the first time in almost two weeks. Trump's announcement on Truth Social kicked off a dramatic trading session, with the US president backing off a threat of hitting Iranian infrastructure. Iran, for its part, repeatedly denied it was negotiating with the US to end the conflict. Bloomberg News Managing Editor for Energy and Commodities Americas Simon Casey joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec.

The dollar fell after US President Donald Trump said he would postpone strikes against Iranian energy targets, prompting energy prices to decline. The Bloomberg Dollar Spot Index declined 0.4% Monday in New York trading, reversing gains from earlier in the session when it touched the highest level since December. Trump cited talks about ending the conflict that were later downplayed by Iranian media, but that was enough to bring relief. Brent crude fell sharply to below $100 a barrel and US Treasuries rebounded, sending yields across the curve lower on Monday, while stocks gained. TD Securities Head of FX Strategy Jayati Bharadwaj joins Bloomberg Businessweek Daily to discuss. She speaks with Carol Massar and Tim Stenovec.

Tim Cook, who's run Apple since taking over from co-founder Steve Jobs in 2011, probably doesn't expect to be in the room himself for another 15 years. While the tech giant's CEO has given no indication of an imminent transition, he's made it clear he wants his heir to come from within the company so he can serve as a mentor. The central candidate is John Ternus, senior vice president for hardware engineering, who oversees development of the devices that generate roughly 80% of Apple's revenue. At 50, Ternus is also younger than many of the company's other senior leaders, meaning he could be in the top job longer. Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec.

Elanco Animal Health CEO Jeff Simmons discusses global supply chains, the current protein 'craze,' and the robust outlook for US farmers. He talks with Katie Greifeld and Romaine Bostick on "The Close."

"We do think there's relief in sight," Julian Emanuel, Evercore ISI equity, derivatives and quantitative strategy senior managing director, says when asked about yields amid the rise in oil prices on "Bloomberg The Close."

Macerich President & CEO Jack Hsieh discusses the revival of brick and mortar establishments and the corresponding in-store shopping boom, demand being driven by a new generation, and why inventory is critical. He talks with Katie Greifeld and Romaine Bostick on "The Close."

One Beverly Hills has secured $4.3 billion of construction financing in a land development project spanning 17.5 acres in Beverly Hills, with the first phases expected to be completed ahead of the 2028 Los Angeles Olympics. Jonathan Goldstein, Chief Executive Officer of Cain, the project's lead developer, discusses the development, and the future of luxury real estate. He talks with romaine Bostick and Katie Greifeld on "The Close."

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.

Tesla and SpaceX will jointly run an advanced chip manufacturing facility in Austin, Texas, according to Elon Musk, the CEO of both companies. Bloomberg's Loren Grush joins Caroline Hyde and Ed Ludlow to discuss Musk's Terafab project on "Bloomberg Tech."