Australia Breaking News

Oil gained Wednesday as hostilities intensified from Russia to the Middle East, threatening supply flows that only recently recovered to near pre-war levels. Brent traded above $106 after Iran-backed Houthi rebels launched missile and drone strikes across Saudi Arabia, including a hit that damaged Saudi Aramco's headquarters. That added to an escalation in Iranian attacks on tankers in the Strait of Hormuz that's threatening a rebound in Gulf supply. We discuss the latest energy headlines with Rob Barnett, Senior Energy Analyst for Bloomberg Intelligence.

Apple is planning to launch Apple Intelligence in mainland China in December. This is a huge market for the company. Bloomberg's Mark Gurman broke the news and has more on "Bloomberg The Close."

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

Nina Naydenova, head of FIG M&A for the Americas at Jefferies, and Elyse Reilly, partner at EY-Parthenon Financial Services, join Scarlet Fu on "Bloomberg Deals."

Nvidia Corp. Chief Executive Officer Jensen Huang says his company would stop selling chips to a customer that was developing unsafe AI software. He talks extensively about AI safety and how the industry is growing with Bloomberg's Emily Chang in London.

Bloomberg's Chris Palmeri joins Scarlet Fu on "Bloomberg Deals." Actress Reese Witherspoon is repurchasing her film and TV production company Hello Sunshine from Candle Media in partnership with Mediawan, according to a statement from the French entertainment firm.

Bloomberg's Daniela Sirtori joins Scarlet Fu on "Bloomberg Deals." Starbucks said it's not buying Chipotle Mexican Grill, tamping down speculation about what could have been one of the restaurant sector's largest-ever deals.

Bloomberg's Liana Baker joins Scarlet Fu on "Bloomberg Deals." Dating-app provider Bumble is in talks to be sold to upstart investment firm Ithaca Holdings for around $1 billion, according to people familiar with the matter.

Bank of America Corp. Chief Executive Officer Brian Moynihan addresses the $1.2 billion in fines levied against the company by the US government. He says the bank takes the fines seriously and there is accountability at the firm. He says costs associated with these fines are in the company "baseline." He speaks to Bloomberg's Jonathan Ferro.

GTA VI is set to release on November 19th, expected to be one of the biggest entertainment releases in history. The game, created by Rockstar Games, a development studio owned by Take-Two, is expected to generate more than $3 billion dollars in its first four months. Bloomberg's Jason Schreier joins Ed Ludlow on "Bloomberg Tech" with the details of the making of the highly anticipated game.

Europe is emerging as a key battleground for the global robotaxi industry as US and Chinese companies look to expand autonomous driving beyond their home markets. Frank McCleary, a partner at Arthur D. Little, discusses Europe's fragmented but evolving regulatory landscape, why Chinese operators see an opportunity there as the US remains largely closed to them, and whether experience gained deploying autonomous vehicles in China translates to cities overseas. He joins Ed Ludlow on "Bloomberg Tech."

AI cloud startup Modal has raised $750 million at a $15.75 billion post-money valuation as demand surges for the infrastructure needed to build and run AI applications. CEO Erik Bernhardsson discusses the company's more than 3 billion AI sandboxes, growing demand for inference and reinforcement learning, and why increasingly capable agents will need secure virtual environments where they can execute code and eventually take on longer-running tasks. He joins Ed Ludlow on "Bloomberg Tech."