Australiavidtvbrief

Wall Street firms are paying two highly sought-after trainers in finance $25,000 a day to tell bankers what's missing from their AI plans. Matthew Bloxham of Bloomberg Intelligence has more.

Donald Trump's hand-picked candidate for a congressional seat in Northern Kentucky, Ed Gallrein, was victorious in one of the most expensive primaries on record, defeating the president's nemesis and longtime GOP House member Thomas Massie. Kate Ackley of Bloomberg Government has more.

Meta is alerting thousands of employees that they're being laid off, part of a previously announced restructuring aimed at reducing costs while the company invests heavily in artificial intelligence. The company began notifying workers around the world Wednesday morning, starting with employees across Asia, who got the note at 4 a.m. Singapore time. US-based staff are also expected to receive word during their morning, according to an internal memo. Bloomberg's Tom Mackenzie reports.

Wei Li, chief global investment strategist at BlackRock, discusses the market implications of the meeting between Donald Trump and Xi Jinping and how geopolitical fragmentation and AI demand will drive inflationary pressures.

Jane Foley, head of FX strategy at Rabobank, discusses the outlook for gilt markets as UK Prime Minister attempts to persuade the Labour Party that he is the right person to lead it following last week's heavy losses in local election results.

SoftBank is scaling back plans for a $10 billion margin loan backed by its OpenAI stake after creditors voiced some hesitation. Matthew Bloxham of Bloomberg Intelligence has more.

US President Donald Trump's 10% global tariffs were declared unlawful by a federal trade court just months after the US Supreme Court vacated earlier levies he'd imposed. Brendan Murray has the details on Bloomberg Television.

The Japanese yen surged about 1.8% in the span of a half hour during the afternoon of the Asia session and topped 155.04 per dollar, renewing speculation that the country is intervening in the market. The currency later pared some of the advance. David Savage reports on Bloomberg Television.

GameStop is proposing to buy eBay for about $56 billion in cash and stock, offering $125 per share in cash and stock for the online marketplace, or about a 20% premium to its Friday close. Neil Campling reports on Bloomberg Television.

Seema Shah, chief global strategist at Principal Asset Management, says earnings suggest there isn't as much exposure to the conflict with Iran as expected and sees US markets being able to keep the impacts "quite contained."