Crypto Financial

On this episode of Stock Movers: - Akamai Technologies (AKAM) shares soar after the cloud provider inked a seven-year $11.6 billion deal to provide computing power to Anthropic. Analysts say the deal should boost Akamai's growth and its profitability profile looks attractive, given the contract is entirely focused on CPUs. - People (PPLI) shares jump on a report that MGM Resorts is discussing making a bid to purchase the Barry Diller-owned media giant. - Costco Wholesale (COST) quarterly profits surpassed Wall Street's estimates after the company recorded a benefit related to tariff refunds.

US and Iranian negotiators are exploring a phased deal that would see Tehran reopen the Strait of Hormuz and Washington lift its blockade of Iranian ports, similar to the memorandum of understanding struck in mid-June. Charles Gorrivan reports on Bloomberg Television.

Anthropic PBC has signed an $11.6 billion, seven-year contract with Akamai Technologies Inc. for computing power, building on a previous $1.8 billion computing deal that the two companies struck earlier this year. Mandeep Singh of Bloomberg Intelligence has more.

Torsten Slok, chief economist at Apollo, warns that inflation from rising diesel prices may not be taken into account by the Federal Reserve since "that is really entering elsewhere in the CPI basket than in the energy line." He speaks on "Bloomberg Surveillance."

Greek Prime Minister Kyriakos Mitsotakis says the situation in the Red Sea "has gone from bad to worse" in a discussion of global shipping issues, a potential US diesel export ban, and the race for the next leader of the European Central Bank.

Paraguay President Santiago Peña discusses increasing exports of the nation's beef to the US, saying, "they are demanding more and more, and Paraguay is a very reliable and strong partner." He speaks on "Bloomberg Surveillance."

After NSE's blockbuster IPO and stock market debut, CEO Ashishkumar Chauhan discusses the exchange's growth opportunities beyond derivatives. He explains plans to expand commodities, bonds and gold-linked products while broadening investor participation in India's capital markets.

China Beige Book COO and Managing Editor Shehzad Qazi examines the takeaways from US President Donald Trump's meeting with his Chinese counterpart Xi Jinping, with a focus on the tensions underneath the surface of US-China relations. He speaks on "Bloomberg Surveillance."

Subadra Rajappa, head of research at Societe Generale Americas, expects "a lot more volatility in the very long end" of the yield curve and questions whether the Federal Reserve can deliver on the rate hike expectations of markets. She speaks on "Bloomberg Surveillance."

Gilts have fluctuated wildly at the mercy of oil, but the case for hikes remains less clear than in the US thanks to the economy. Bloomberg's Morwenna Coniam joins Guy Johnson and Anna Edwards on 'Bloomberg: The Opening Trade'.

Anna Rosenberg, Amundi Investment Institute Head of Geopolitics, joins Bloomberg's Anna Edwards on "Bloomberg Brief" to discuss the key takeaways from the Trump-Xi Summit, suggesting the US is trying to buy time to reduce its dependence on China.

Max Kettner, chief multi-asset strategist at HSBC, says it is tough to call an end to rising bond yields as he sees them "incredibly correlated with oil." Kettner asks if there is really any point in buying duration as he looks to tech and equities due to strong earnings. He speaks on "Bloomberg Brief."