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Bessent Urges Allies to Aggressively Enforce Iran Sanctions

Treasury Secretary Scott Bessent pressed US allies to join the US in enforcing sanctions on Iran and other malicious actors, saying, "Crushing the threat of terrorism compels all of you to step up and join us in rooting out the financing that sustains it." Bessent addressed the No Money for Terror conference on Tuesday, part of the meeting of the Group of Seven Nations in Paris.

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Bloomberg

Zak Brown On Racing's Triple Crown

McLaren CEO Zak Brown joined Bloomberg Open Interest to break down the team's hunt for motorsport's Triple Crown, why IndyCar still rewards elite driving talent, and how AI is changing Formula 1 strategy in real time. He also weighs in on controversial F1 regulations, fan growth, and the future of racing technology.

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Bloomberg

Behind the AI Debt Boom

JPMorgan's David De Boltz explains why Wall Street is pouring unprecedented money into AI infrastructure, data centers, and GPU financing, while abandoning parts of the software market. On Bloomberg Open Interest, he breaks down the $5 trillion AI buildout, why investors are still buying despite rising rates, and the hidden refinancing risks emerging in tech credit.

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Bloomberg

Inflation Angst Drives US Long-Dated Bond to 2007 High

Yields on the US Treasury's longest-dated bond rose to the highest level in almost two decades as investor concern over accelerating inflation fueled a selloff in global debt markets. The move represents a new high-water mark after a recent bond selloff pushed government yields around the globe to multiyear highs. Joe LaVorgna, Chief Economist at SMBC Nikko Securities, discusses the impact of higher inflation on rates, the US consumer, and President Trump's economic agenda.

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Bloomberg

Meta's AI Worker Shift; Home Depot Sales Fall Short | Stock Movers

On this episode of Stock Movers with Alexis Christoforous: - Shares of CoreWeave (CRWV) and other neo-cloud companies slump premarket after Alphabet agreed to create an artificial intelligence cloud business with Blackstone. Google agreed to create an AI cloud business with Blackstone. - Meta (META) shares are moving as it's reassigning workers to new jobs related to artificial intelligence as part of a broad corporate restructuring. The new corporate structure will be "flatter" and mean "smaller teams", according to Chief People Officer Janelle Gale. - Home Depot (HD) shares are moving in the premarket after sales at Home Depot locations open at least a year rose 0.6% during the three months ended May 3, slightly below the average of analysts' estimates. Home Depot's business has been hit by elevated interest rates and high housing prices, which have sparked a pullback in home purchases and upgrade projects.

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Bloomberg

ECB May Act As Iran Shock Persists

The European Central Bank may have to respond to the economic challenges arising from the conflict in the Middle East, according to Governing Council members Joachim Nagel and Francois Villeroy de Galhau, who spoke jointly to BTV's Oliver Crook on the sidelines of the G7 Finance Ministers meeting in Paris on Tuesday.

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Bloomberg

Moelis CEO: Starting To See Return To Normal In Mideast

Navid Mahmoodzadegan, who stepped into the chief executive role at Moelis last October, has described a "return to normal" in the Middle East following months of the Iran War. The global investment bank has been a key player in the region with a history of advising Gulf transactions including the Aramco IPO. Mahmoodzadegan, also the company's co-founder, told Bloomberg's Francine Lacqua that the company is committed to the Middle East over the long-term.

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