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Fortescue (ASX:FMG) and its partner Formosa Steel launched legal action against subcontractors over alleged contract breaches on a 240-kilometre water pipeline.

Clarity Pharmaceuticals (ASX:CU6) completed recruitment for the main group of its Phase 1/2a SECuRE trial evaluating 16 patients with metastatic castration-resistant prostate cancer.

Baiju Bhatt, Cowboy Space's Founder and CEO, says the company is developing an energy grid in orbit. Its first satellite, Reason 1, reached orbit on a SpaceX rideshare, and the team has made contact and is communicating with it daily. He speaks with Romaine Bostick on "The Close."

True Religion CEO Michael Buckley discusses the brands comeback, noting its origins as a premium women's denim brand in the early 2000s and its recent pivot toward more affordable offerings. Gen Z interest and attention from celebrities have helped revive the brand. He speaks with Romaine Bostick on "The Close."

Patagonia CEO Ryan Gellert, discusses the company's approach to environmental activism, Gellert's views on growth and profitability, and where he believes leaders across the industry stand. He speaks with Romaine Bostick on "The Close."

Stuart Haselden CEO of Arc'teryx discusses the company's aims to nearly double revenue over the next five years by building on two strategic priorities. The company has focused on technical innovation and performance products, while divesting lifestyle products it believed diluted its brand authority. He speaks with Romaine Bostick on "The Close."

Suzanne Shank discussed how Siebert Williams Shank has expanded since launching in 1996 as a municipal bond underwriter. The firm now works across corporate debt markets, serves 80 of the Fortune 100, and remains active in municipals, with growth supported by mergers and acquisitions. She speaks with Romaine Bostick & Jess Menton on "The Close."

Applied Digital shares fell about 2.5% after its earnings report, despite first-quarter revenue rising more than 320% year over year and beating estimates. Founder and CEO Wes Cummins said that gap should narrow faster over the next 12 months, with all contracted capacity expected to be online in roughly 20 to 22 months. He speaks with Romaine Bostick & Jess Menton on "The Close."

Shares of Chipotle Mexican Grill jumped after the Financial Times reported that Starbucks Corp. has worked with advisers in recent months on a takeover proposal for the burrito chain. The status of the takeover plans couldn't be immediately learned and a mega deal of this size might never get off the ground, the FT said, citing people familiar with the matter. Brian Niccol, Starbucks' chief executive officer since 2024, previously spent six years as the top executive at Chipotle, where he spearheaded a period of rapid growth. For more, we speak with Redd Brown, Bloomberg News Consumer Reporter.

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Jess Menton, Carol Massar and Stacey Vanek Smith.

Bloomberg's Wendy Benjaminson said that President Trump is balancing shoring up support from tech firms for his vision of an AI future with a base that remains anti-immigration, as the Trump administration suspends an immigration program for multiple tech firms including Microsoft. Benjaminson also discussed President Trump's announcement on Truth Social that the US would not be striking Iran until after the midterm elections, saying that even without strikes voters aren't going to forget the impact of war with Iran on affordability.

Brij Khurana, senior managing director and fixed income portfolio manager at Wellington joins Scarlet Fu on "Bloomberg Real Yield."