AustraliaBreaking News

Johnson & Johnson reported $25.3 billion in revenue in the second quarter, surpassing the average estimate from analysts, but disappointing demand for its medical devices overshadowed better-than-expected drug sales. Madison Muller reports on Bloomberg Television.

Former US Ambassador to China Nicholas Burns speaks to Bloomberg News's David Gura on Tuesday at the Aspen Security Forum about the perils of Nvidia's advanced AI chips being shipped to China as well as the geopolitical and global market consequences in the wake of the collapse of the US-Iran interim peace deal. Speaking on the sidelines of the Aspen Security Forum in Colorado, Burns says President Trump is "making a major mistake" by allowing Nvidia to sell its products to one of the US's biggest rivals.

Morgan Stanley's stock traders beat expectations to set another quarterly record as the firm earned $6.3 billion from equity trading in the period, a 69% jump that topped its previous all-time high from the first quarter. Jonathan Ferro and Lisa Abramowicz examine the results on "Bloomberg Surveillance."

Dubai-based property tycoon Mohamed Alabbar is planning two large-scale housing and tourism developments in Syria worth at least $20 billion. He spoke to Bloomberg's Zainab Fattah.

US President Donald Trump vowed to intensify his bombardment of Iran until Tehran stops attacking ships in the Strait of Hormuz and agrees to open the waterway. The US launched more airstrikes on Iran on Wednesday, marking the fifth straight day of attacks. Tyler Kendall reports on Bloomberg Television.

Zoom CFO Michelle Chang joins Bloomberg's Vonnie Quinn and Nina Trentman on "Bloomberg Brief" to discuss what's next for the company as Zoom turns 15 years and her focus on revenue growth and shareholder value. She also talks about the use of AI in product development and the company's partnership with Anthropic.

McKinsey is on the edge of a possible "golden age" as companies seek help with issues such as artificial intelligence, according to Global Managing Partner Bob Sternfels. In an interview with Francine Lacqua on July 14, Sternfels said AI and geopolitical uncertainty were the "biggest issues facing us today", but added that they also come with opportunities.

Zoom CFO Michelle Chang discusses the use of AI in what comes next for the company in product development, their partnership with Anthropic, and her focus on revenue growth and shareholder value as CFO. She speaks with Vonnie Quinn and Nina Trentmann on "Bloomberg Brief."

Ethiopia is set to begin a month-long national dialogue aimed at addressing the country's deep political polarization and divisions to help steer it toward lasting peace and stability. The Ethiopian National Dialogue Commission has identified major areas that need to be discussed. Bloomberg's Fasika Tadesse reports.

Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."

Madison Faller, investment strategist at JPMorgan Private Bank, says that concentration and broadening can exist side-by-side in equity portfolios as investors assess the momentum of the artificial intelligence trade. "AI, and tech broadly speaking, is leading the strength it's doing more of the heavy lifting," Faller tells Bloomberg Television. "But at the same time we are seeing more sectors participate within that, with ten of eleven S&P 500 sectors expected to produce profit growth this quarter."

Andrew Balls, chief investment officer for global fixed income at Pacific Investment Management Co., says the Federal Reserve will "probably" keep rates on hold this year. Speaking on Bloomberg Television, he also discusses the outlook for Treasury yields.