The US and Iran plan to formally sign a memorandum of understanding on Friday in Switzerland. The interim deal would allow Iran to start oil exports immediately and gain access to a $300 billion economic development program following negotiations for a permanent peace agreement. Tyler Kendall reports on Bloomberg Television.
Hong Kong has overtaken Switzerland as the world’s largest cross‑border wealth centre, holding about US$2.95 trillion of foreign assets compared with Switzerland’s US$2.94 trillion.
Anthropic’s new US$965 billion post‑money valuation, following a US$65 billion raise, has pushed it ahead of OpenAI’s roughly US$852 billion and set up a high‑stakes race for a trillion‑dollar valuation.
OpenAI has confidentially filed to go public at a reported valuation between US$730 billion and US$850 billion, even after losing about US$44 billion last year.
BMW said its profit margin will fall to as little as 1% this year as weakening Chinese demand and fallout from the Middle East conflict take a growing toll. The German automaker plans additional cost savings beyond those already announced. Danny Lee reports on Bloomberg Television.
Artificial Intelligence industry leaders including OpenAI's Sam Altman and Anthropic's Dario Amodei are set to attend the Group of Seven Summit in France on Wednesday. Oliver Crook reports from Evian.
"The Mandalorian and Grogu” opened to about US$102 million domestic and US$165 million worldwide over the Memorial Day frame, matching its reported US$165 million production budget but delivering the lowest opening of any Star Wars film released under Disney, even below “Solo”.
Anna Edwards, Guy Johnson and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
SpaceX raised US$75 billion by selling about 555 million shares at US$135 each, valuing the company near US$1.8 trillion and making Elon Musk a paper trillionaire.
A US–Iran peace agreement to halt nearly four months of fighting, including in Lebanon, sent oil lower and global stocks higher as markets priced in a planned Friday signing.
Bass Oil (ASX:BAS) has completed the acquisition of a 100% interest in the Vanessa gas field, including a shut‑in well, gas processing facility and 5km pipeline into the Cooper Basin transmission network.
The company said Vanessa marks a step toward entering the east‑coast gas market at a time when it believes demand and pricing remain supportive for smaller, low‑cost operators.
Electro Optic Systems (ASX:EOS) said its MARSS command‑and‑control business has been selected as C2 provider for BAE Systems’ Anti Threat System, a next‑generation counter‑drone capability.
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