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SpaceX approached Cognition AI Inc. about a potential acquisition to gain ground in the AI race, according to people familiar with the matter. Ed Ludlow has more on "Bloomberg The Close."

Estée Lauder Cos. Chief Executive Officer Stéphane de La Faverie says the company is expanding margin and has great momentum going forward. The beauty and makeup giant reported revenue and earnings for the fiscal fourth quarter that topped estimates. He speaks on "Bloomberg The Close."

Bloomberg's Ryan Gould joins Dani Burger on "Bloomberg Deals."  Copart is in talks to acquire CCC Intelligent Solutions Holdings Inc., the car-insurance software provider that has been weighing selling itself, according to people familiar with the matter.

Bloomberg's Anthony Hughes joins Dani Burger on "Bloomberg Deals." Anthropic is on track to generate annualized revenue of more than $65 billion based on its current performance, according to people familiar with the matter, up more than sevenfold from its pace at the end of last year.

Bloomberg's Norah Mulinda joins Dani Burger on "Bloomberg Deals." Fast-fashion retailer Shein is targeting a valuation in the range of $26 billion to $27 billion in its initial public offering in Hong Kong, according to people familiar with the matter, a sharp drop from its peak value.

Bloomberg's Katherine Chiglinsky joins Dani Burger on "Bloomberg Deals." Goldman Sachs struck its second deal in a week as the firm pushes ahead with plans to grow its $4 trillion money-management arm.

Bloomberg's Sridhar Natarajan joins Dani Burger on "Bloomberg Deals." Mark Walter offered to pledge his stake in his prized financial assets as part of a broader effort to raise billions of dollars in quick order.

Former Governor of New Jersey Chris Christie said that issues around voting registration and administering elections should be left up to states and does not see evidence from recent years that the federal government would run elections better than Governors in individual states. Christie, who is now a strategic advisor to the American Gaming Association, also weighed in on prediction market regulation and said that he is glad prediction market executives were left out of a White House meeting because they are 'illegal actors.'

Several Federal Reserve officials favored an interest-rate hike last month and many indicated that policy tightening would be necessary if inflation didn't decline, a record of the central bank's most recent policy debate showed. The next Fed decision comes in September. Bloomberg's Michael McKee reports.

Daniel Fried, former US ambassador to Poland, said 'Iranians have little incentive in the near term' to allow the Strait of Hormuz to open and that a solution to the conflict will require patience. Fried, who also served as the assistant Secretary of State for Europe, also said that when it comes to assisting Ukraine in war against Russia, the US is leaving 'perfectly good leverage on the table' because Ukrainian success also means success for the US.

Fuse has raised $100 million to accelerate development and commercialization of its fusion technology. CEO JC Btaiche joins Bloomberg to discuss why the company is focused on building generators faster, and why he sees private companies as critical to helping the US compete with China in the race for fusion energy. He joins Ed Ludlow on "Bloomberg Tech."

Could the AI boom become a new source of inflation for the UK? KPMG UK Chief Economist Yael Selfin discusses how rising chip and AI model costs are filtering through the economy and why higher household energy costs remain a much bigger concern for the Bank of England. She joins Ed Ludlow to discuss on "Bloomberg Tech."