AustraliaBreaking News

The IPO for Bill Ackman's Pershing Square is expected to raise about $5 billion, according to people familiar with the matter. Bloomberg's Bailey Lipschultz reports.

Markets are hitting all-time highs but Rebecca Patterson, a former chief investment strategist at Bridgewater who's now a senior fellow at the Council on Foreign Relations. is warning that  investors may be ignoring serious geopolitical risks. From the ticking clock on oil supply disruptions to the fragile AI boom, she explains why today's rally could face sudden reality checks if global tensions escalate or growth assumptions falter.

Qualcomm shares were on the rise Monday morning after an analyst suggested the chipmaker is working with artificial intelligence giant OpenAI on a smartphone. Ed Ludlow reports.

Microsoft and OpenAI have changed the terms of their deal when it comes to selling products. OpenAI can now pursue deals with cloud-computing rivals like Amazon. The revenue sharing agreement with Microsoft also changes. Ed Ludlow explains.

Critical Metals CEO Tony Sage joined Bloomberg Open Interest to explain why the real crisis in rare earths isn't mining, it's processing. With the US facing a dangerous shortfall in critical minerals used for defense and AI, Sage outlines how China's dominance, permitting delays, and limited refining capacity threaten national security, and how a global push is racing to fix it.

Manning & Napier Senior Investment Analyst Kelly Covley says there will be a high bar this week for tech companies to justify their level of AI capex spending. She speaks to Bloomberg's Matt Miller on 'Open Interest.'

Private credit isn't cracking, it's separating winners from losers according to Sound Point CEO Steve Ketchum. He joined Bloomberg Open Interest to argue that today's stress comes from bad deals, not broken markets. He explains why his firm dodged software risk before AI disruption, and reveals why this shakeout could be a massive buying opportunity for disciplined investors.

United Airlines Holdings Inc. Chief Executive Officer Scott Kirby said Monday that he approached American Airlines Group Inc., laying out the benefits of a merger, but talks have ended. The Bloomberg Surveillance team has more.

Stephen Schork, principal and editor at The Schork Group, offers his price outlook for gasoline and sees higher oil prices through the remainder of the year as demand increases with the US about to enter peak driving season.

China has decided to block Meta's $2 billion acquisition of agentic artificial intelligence startup Manus, sending a chill through China's burgeoning AI sector and happening weeks before a high-profile summit between US President Donald Trump and China's Xi Jinping. Bloomberg Intelligence's Matt Bloxham explains.

Lori Calvasina, head of US equity strategies at RBC, doesn't see the fallout of the conflict in the Middle East impacting the earnings of the AI and tech trade in the US.

Dubai has become one of the world's top real estate markets post-pandemic thanks to expats and foreign investors. But the market has declined as a result of the regional conflict. Bloomberg's Zainab Fattah reports on Horizons Middle East and Africa