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Michael Best, high yield portfolio manager at Barings, joins Scarlet Fu on "Bloomberg Real Yield." Attractive yields and tight spreads produced a supply surge in the US high yield market this week.

Marc Pinto, global head of private credit at Moody's Ratings, joins Scarlet Fu and Olivia Fishlow on "Bloomberg Real Yield." Private credit funds with outsized exposure to software and tech loans face rising refinancing and credit risks as a wave of debt maturities loom from 2028, according to Moody's Ratings.

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.

Marc Pinto, global head of private credit at Moody's Ratings, joins Scarlet Fu and Olivia Fishlow on "Bloomberg Real Yield." Private credit funds with outsized exposure to software and tech loans face rising refinancing and credit risks as a wave of debt maturities loom from 2028, according to Moody's Ratings.

Vantagescore President & CEO Silvio Tavares discusses the impacts of Fannie Mae & Freddie Mac moving to implement Vantagescore 4.0 and the rising competition in the US mortgage market. He talks with Katie Greifeld and Romaine Bostick on "The Close."

Scott Alvarez, former general counsel at the Federal Reserve Board and adjunct professor at the George Washington School of Law, joins Scarlet Fu on "Bloomberg Real Yield." The Justice Department is ending a controversial investigation into building-renovation cost overruns at the Federal Reserve, potentially clearing a path to confirmation for Kevin Warsh, President Donald Trump's pick to be the next chair of the central bank.

Amb. Michael Herzog, former Israeli Ambassador to the US, said the decisions from the US and Iran to send envoys back to Pakistan signal that they countries 'don't want to go back to war. ' resident Donald Trump will send envoys to Pakistan with the intention of meeting with Iranian officials, while Tehran sounded a pessimistic tone on the prospects for talks to end the eight-week war roiling the global economy. Special envoy Steve Witkoff and the president's son-in-law Jared Kushner are set to depart Saturday for talks this weekend, White House Press Secretary Karoline Leavitt said in a Fox News interview on Friday. The New York Times reported that Iranian Foreign Minister Abbas Araghchi plans to meet with Witkoff and Kushner in Islamabad, citing unnamed Iranian officials. The foreign minister intends to present a written response to a US peace proposal, according to the paper.

Todd Harrison, Founding Partner & Chief Investment Officer at CB1 Capital said the reclassification of marijuana as less dangerous was the biggest news for the cannabis industry since Nixon. The US Justice Department reclassified state-regulated marijuana as a less dangerous drug, a major shift that could increase legal cannabis sales and help a struggling industry. The directive signed by acting Attorney General Todd Blanche moved licensed marijuana products from Schedule I the same federal category as heroin and LSD to the less strictly controlled Schedule III. The action stops short of fully legalizing the drug for recreational use nationwide, but it meets the demands of many advocates who have long argued for looser restrictions.

The wars in Ukraine and Iran have underscored the growing importance of autonomous air and sea vehicles. Erin Price-Wright, general partner at Andreessen Horowitz, says the conflicts have also been wake-up calls for defense procurement, driving interest in startups building those crafts. She joins Ed Ludlow on "Bloomberg Tech."

Amazon-backed, nuclear energy firm X-Energy raised $1.02 billion in an upsized initial public offering, the latest sign of renewed enthusiasm for the IPO market. X-Energy CEO J. Clay Sell joins Ed Ludlow on "Bloomberg Tech."

Meta and Microsoft are planning layoffs or announcing buyouts that could affect as many as 23,000 jobs as they pivot spending to artificial intelligence. Bloomberg's Brody Ford and Riley Griffin join Ed Ludlow on "Bloomberg Tech" to break down the wider impact the cuts could have on the tech workforce.

President Donald Trump is sending special envoy Steve Witkoff and his son-in-law Jared Kushner to Pakistan to hold another round of talks with Iran. This as Israel and Lebanon extend their own ceasefire. Bloomberg's Dan Williams has more from Jerusalem.