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TSMC booked a 58% surge in profit, a sign that the Middle East war in its first few weeks did not depress booming AI investment. Bloomberg's Charlotte Yang reports.

US manufacturing activity expanded in March by the most since 2022, while input prices continued to surge amid the war with Iran. Mike McKee reports on "Bloomberg Open Interest."

As NATO scales up defense spending, Slovakia is turning into a critical ammunition powerhouse. Over the past four years, exports of defense products have risen 2,200% to 2.4 billion ($2.9 billion). Bloomberg's Daniel Hornak reports.

Max Kettner, chief multi-asset strategist at HSBC Global Investment Research, says investors are too focused on the artificial intelligence trade. "We're probably missing that, under the hood, there is some proper cyclical recovery going on," Kettner tells Bloomberg Television. "The smaller, manufacturing-driven economies, all of them actually have been starting to see a real pickup in the last two months," he adds.

Private-sector activity in the euro area surpassed expectations as manufacturers recorded their best performance since 2022 thanks to surprise growth in Germany. Bloomberg's Alex Weber reports.

Airbus CEO Guillaume Faury says that Pratt & Whitney's engine delivery outlook for 2026 is "significantly behind their previous commitments." He speaks to Bloomberg's Guy Johnson after the aircraft manufacturer said monthly production of A320 aircraft may fall short of 75 units by the end of next year because Pratt isn't able to keep up with demand.

"We believe that demand is high for the next 10-15 years," Rheinmetall AG Chief Executive Officer Armin Papperger tells Bloomberg's Oliver Crook. He also says that while he wishes peace in Ukraine, it will have "absolutely zero impact" on the company's business and the potential seizing of Russian assets in Europe could be an "accelerator" for the domestic defense industry.