AustraliaBreaking News

Samsung has unveiled a new lineup of foldable smartphones and offered a closer look at its upcoming smart glasses, developed with Google and partners. Bloomberg's Mark Gurman explains why Samsung's latest foldables preview Apple's own plans, and why privacy could become the biggest hurdle for the next generation of AI-powered wearables. He joins Ed Ludlow on "Bloomberg Tech."

Apple is preparing to launch a new hardware leasing program with Klarna that could make it easier and cheaper to upgrade to the latest iPhone, iPad, Mac and Apple Watch. Bloomberg's Mark Gurman explains why the initiative could reshape Apple's upgrade cycle, lock customers into its ecosystem, and pave the way for more expensive devices like the foldable iPhone. He joins Ed Ludlow on "Bloomberg Tech."

Generic drug manufacturers must move production to the US or face a 100% import duty from August 2028, President Donald Trump said, threatening the supply of low-cost medicines that millions of Americans rely on. The move is aimed at "reshoring" generic pharmaceutical production in the US, and companies that don't build plants onshore will face levies that would then double, to 200%, in August 2029, Trump said in a social media post. Naomi Kresge, Bloomberg Health Reporter, joins to discuss.

The heads of America's leading artificial intelligence companies agree that the AI frontier needs regulation due to the potential risks from biological weapons. An American agency modeled after the Federal Aviation Administration is proposed as a necessary step to regulate AI and provide a standard for other countries to follow. Gautam Mukunda, Lecturer at Yale School of Management and Bloomberg Opinion contributor joined to discuss his column on the importance of AI regulation.

Apple Inc. is preparing to debut new versions of every Mac it sells, across this fall and next year, seeking to capitalize on demand for powerful laptops and desktops fueled by the artificial intelligence boom. Mark Gurman reports on "Bloomberg Tech."

Wall Street investors bracing for the start of the megacap earnings season sent stocks lower, with the market also falling as worries about an escalation in the Iran war boosted oil prices. Phil Orlando, Chief Equity Strategist at Federated Hermes, discusses the recent equity rally and where he sees risk.

The US 30-year bond yield is trading above 5% for the longest stretch since the dawn of the financial crisis, echoing investor concerns about a growing debt pile and sticky inflation.  Tony Crescenzi, Executive VP, Market Strategist, and Generalist Portfolio Manager at PIMCO discusses what he's seeing in bonds.

On this episode of Stock Movers: - Super Micro Computer (SMCI) shares jumped after the company issued a business update that included raising its fourth-quarter gross margins outlook and saying the backlog was at a record. - AT&T (T) is gaining after the telecom company reported second-quarter results that beat expectations on key metrics, including wireless postpaid phone net adds and adjusted earnings. - Reddit (RDDT) shares are lower after the Wall Street Journal reported that the social forum company has discussed cutting off Google's access to its content for AI use.

Wells Fargo & Co. Chief Executive Officer Charlie Scharf says he's "big time bullish on the US." He talks about the state of the US consumer, the economy, earnings and where his employees want to live and work. He speaks exclusively to Romaine Bostick on "Bloomberg Open Interest."

Wells Fargo & Co. Chief Executive Officer Charlie Scharf says "these times are really good for banks." He also says the firm is being very disciplined about adding investment banking resources. He speaks exclusively to Romaine Bostick on "Bloomberg Open Interest."

AT&T CEO John Stankey discusses second-quarter results that added more monthly wireless phone subscribers than analysts expected. Stankey says he's "pretty confident we can keep that moving going forward" as he discusses the results, the competitive landscape in wireless and broadband technologies, and the company's use of AI.

Susan Bell, senior VP of commodity markets, oil at Rystad Energy, says stock levels of refined products are "much more critical" than oil reserves as she examines stockpiles of crude and crude products in the global market.