Australia Financial

Neocloud provider Firmus is targeting a $43.7 billion valuation through an initial public offering priced at $11 per share.

Wealth management firm Ord Minnett appointed former HSBC Australia boss Antony Shaw as its new CEO to lead its national operations.

Commonwealth Bank of Australia (ASX:CBA) has pledged to maintain its regional branch network until December 2030.

Noel Fisher, actor & founder of Prototype Productions, joins Bloomberg Businessweek Daily to discuss the economics of streaming and artificial intelligence's growing presence in the entertainment industry. Fisher speaks with hosts Carol Massar and Tim Stenovec on the sidelines of Bloomberg Screentime in Hollywood.

Constantine Alexandrakis, who leads Russell Reynolds Associates and wrote The Catalyst CEO, joins to discuss the leadership challenge and the idea that CEOs cannot drive transformation alone. The discussion broadens into a larger question about what kind of CEO is needed when a company requires both cultural repair and strategic disruption. He speaks with Romaine Bostick on "The Close."

Elizabeth Semmelhack says Nike's legacy in sneakers like Jordans, Dunks and Air Force Ones still carries major cultural weight. She noted that the brand helped define sneaker culture for decades and that its presence remains visible across American cities. But she argued the market is now far more crowded than in the 1970s, 1980s and 1990s, with many more brands competing for the same cultural attention. She speaks with Romaine Bostick on "The Close."

In an exclusive interview on Bloomberg The Close, Andrea Guerzoni, EY Global Vice Chair, discusses a pullback in EY Parthenon's latest CEO outlook survey. Guerzoni points to the survey's confidence reading falling from a record 62% to 51% and asks why that drop occurred, noting it is a decline but not a collapse. He speaks to Romaine Bostick & Emily Graffeo on "The Close."

CFRA Equity Analyst Zachary Warring discusses Nike's latest quarterly results and strategic shift. Speaking on "Bloomberg The Close," Warring says that despite maintaining a buy rating, he calls the quarter and full-year guidance disappointing, noting double-digit revenue declines and earnings per share below his expectations.

Nuveen has completed its acquisition of Schroders, forming a combined asset manager with $2.6 trillion in assets under management and operations in more than 40 markets. In an exclusive interview, Bill Huffman said the deal brings together two strong firms to create a global platform that can serve clients across a wider range of market conditions. He speaks to Romaine Bostick on "The Close."

Kevin Murphy, CEO of Ferguson, joins the program to discuss broader manufacturing conditions. Murphy notes that manufacturing appeared to emerge from a multiyear slump earlier in the year, helped by several tailwinds, and asks whether that momentum is still holding as the final three months of the year begin. He speaks with Romaine Bostick & Emily Graffeo on "The Close."

"I don't currently see an urgent need for further action," Federal Reserve Vice Chair for Supervision Michelle Bowman says after being asked about the future of monetary policy during an event hosted by the Atlantic Council in Washington.

Federal Reserve officials weigh in on the sharp rise in Treasury yields after the 10-year hit a 24-year high. Minneapolis Fed President Neel Kashkari appeared on Bloomberg Surveillance Thursday, while Boston Fed President Susan Collins and Kansas City Fed President Jeff Schmid spoke in Asheville, North Carolina. And Fed Vice Chair Philip Jefferson discussed monetary policy at the University of Virginia.