Julie Macklowe, the Founder of the luxury whiskey brand Macklowe, joined Bloomberg Open Interest to talk about how tariffs on liquor ultimately punish American consumers through higher prices, and may even be contributing to younger generations drinking less. She also explains why convenience is driving her latest bet: a premium, ready-to-serve whiskey cocktail designed to make the traditionally "snobby" category more accessible.
Speaking after inaugurating the Global Fintech Fest, India's prime minister Narendra Modi said the country's reforms express will continue.
Katrina Dudley, Senior Investment Strategist at Franklin Templeton Public Markets, discusses the returns on AI spending being pushed out further and the justification for infrastructure spending. She speaks to Bloomberg's Vonnie Quinn and Bailey Lipschultz on "Open Interest."
Apex Group CEO Peter Hughes joins Bloomberg Open Interest to explain why family offices need better access to quality private-market deals. He also makes the case that regulated tokenization could transform private credit, bringing 24/7 access, secondary-market liquidity and a potential end to traditional seven-to-10-year lockups.
On this episode of Stock Movers: - Novartis (NOVN) shares are lower as it suffered its third clinical-trial setback in a week after a treatment for a rare muscle-wasting disease failed a late-stage study. - Boston Scientific (BSX) shares are moving on news it said that fallout from a cybersecurity incident has impacted its ability to ship its products to customers and will cause the medical devices company to miss its sales growth and earnings estimates for the year. - Intel (INTC) is rising on a report that the company could raise computer chip prices next month.
Qualcomm said it signed up Amazon.com as a data center chip customer in a deal that gives Amazon the right to acquire as much as $4 billion in shares. Mandeep Singh of Bloomberg Intelligence has more.
Samantha Dart, co-head of global commodities research at Goldman Sachs, says that gasoline and diesel prices can remain elevated into "the whole of next year" as tightness in refining capacity is not being resolved. She speaks on "Bloomberg Surveillance."
Earl Davis, fixed income and money markets head at BMO Global Asset Management, looks ahead to US CPI data on Friday and explains why he's watching mortgage convexity sellers. He speaks on "Bloomberg Surveillance."
"The next couple of months are likely to be pretty rocky with only modest gains to be had for the rest of the year," says Seema Shah, chief global strategist at Principal Asset Management. Shah says a possible series of hikes by the Federal Reserve can provide some resistance for equities.
Amazon.com mandated banks for a debut sterling bond offering, with the deal expected to launch as soon as Wednesday. The company plans to offer tranches ranging from three years to 19 years. Neil Campling reports on Bloomberg Television.
Novartis saw a treatment for a rare muscle-wasting disease fail a late-stage study, the third clinical-trial setback in a week. The medicine was the centerpiece of Novartis's $12 billion takeover of Avidity Biosciences and raises questions about the drugmaker's growth prospects. Fabienne Kinzelmann reports on Bloomberg Television.
The sheer volume of AI-related debt issuance could pressure spreads, according to Miriam Wheeler, global head of leveraged finance at Goldman Sachs. "If you look at the last couple weeks in the market on the non-IG [investment grade] side, we have seen some spread widening, particularly in the AI space," Wheeler tells Bloomberg Television.
