Australia Breaking News

Rocket Lab will acquire Iridium, a pioneer in satellite telephones, for $54 a share in a cash-and-stock transaction as smaller players in the orbital economy try to catch up with market leader SpaceX. Rocket Lab CEO Peter Beck explains how the deal came together with Ed Ludlow on "Bloomberg Tech."

Del Monte Corporation Chairman and CEO Mohammad Abu-Ghazaleh joined Bloomberg Open Interest to explain why the iconic food brand reunited after nearly four decades and discusses easing supply chain pressures. He also reveals some surprising pharmaceutical research using pineapple-derived compounds

The race to own the NBA's next expansion franchise is heating up. Bloomberg's Randall Williams joins Open Interest to break down why Las Vegas is attracting a crowded field of billionaire bidders, when Adam Silver could make a decision, and how private equity could reshape the economics of professional sports ownership.

This year's World Cup is the first since prediction markets like Kalshi and Polymarket exploded to popularity as a new way to bet on sports. Chad Beynon, Senior Gaming, Lodging, and Theaters Analyst at Macquarie, talks about how the World Cup is impacting the US sports betting market and which stocks stand to benefit.

On this episode of Stock Movers with Alexis Christoforous: - Comcast (CMCSA) is rising after it announced its intention to separate into two independent publicly traded companies through a tax-free spin-off of NBCUniversal and Sky. Upon completion of the transaction, Comcast shareholders will own shares in both Comcast and NBCUniversal. - Iridium (IRDM) is moving on news Rocket Lab will acquire the company in a deal that focuses on vertically integrating space and satellite capabilities. - SpaceX (SPCX) is up in the premarket as it will become a component of the Nasdaq-100 Index prior to market open on July 7, 2026, Nasdaq announces.

The US Supreme Court refused to let President Donald Trump immediately fire Federal Reserve Governor Lisa Cook. In a 5-4 vote, the high court said Cook can stay in her job while she fights Trump's bid to oust her over unproven mortgage fraud allegations. Michael McKee reports on Bloomberg Television.

Intercontinental Exchange Inc. is adding new futures contracts tied to global monetary-policy decisions and US natural gas storage. Sridhar Natarajan has more on "Bloomberg Open Interest."

Comcast said it plans to spin off NBCUniversal and Sky into a new publicly traded company as it looks to separate its media businesses from its cable-TV and internet operations. Kelcee Griffis reports on Bloomberg Television.

Alicia Levine, chief investment officer at BNY Wealth, expects an upswing in volatility over the next few months, but sees a broadening of earnings driving the S&P 500 to 8,000 by the end of the year.

Andy Burnham, who is likely to be the UK's next prime minister following Keir Starmer's decision to resign, outlines plans to decentralize power in a bid to boost the economy and raise living standards. "I am going to give Britain the circuit breaker it needs by building a more collaborative politics," Burnham says during a speech in Manchester.

Commercial traffic through the Strait of Hormuz this weekend persisted at a reduced level as a handful of vessels made open transits. Traffic was still higher than for most of the US-Iran war, but attacks on two ships raised fresh concerns about the ability and willingness of shipowners to traverse the waterway. Alaric Nightingale reports on Bloomberg Television.

Israel, Lebanon, and the US reached an initial trilateral framework agreement aimed at paving the way for ending the conflict between Israel and Lebanon and ultimately reaching a peace settlement. Bloomberg's Dan Williams reports.