Cryptopoli

China has decided to block Meta's $2 billion acquisition of agentic artificial intelligence startup Manus, sending a chill through China's burgeoning AI sector and happening weeks before a high-profile summit between US President Donald Trump and China's Xi Jinping. Bloomberg Intelligence's Matt Bloxham explains.

China has decided to block Meta's $2 billion acquisition of agentic AI startup Manus, in a surprise move to unwind a controversial deal. The decision is likely to send a chill through China's AI sector and emerged just weeks before a summit between US President Donald Trump and China's Xi Jinping. Bloomberg's Neil Campling reports.

Ifo President Clemens Fuest says Germany could be "at the beginning of a stagflationary shock" after the institute's expectations index dropped to 83.3 in April from a revised 85.9 the previous month the lowest level since August 2023. He speaks on Bloomberg Television.

Chancellor Friedrich Merz said he plans to convene Germany's national security council, adding that the council is empowered to take immediate action to ensure the nation's energy security if needed. Meanwhile, Germany's sovereign wealth fund, known as Kenfo, is abandoning long-held restrictions on investing in weapons manufacturers. Bloomberg's Oliver Crook reports.

Prediction markets like Kalshi and Polymarket are booming. They also face a widening legal battle with US states and criticism over alleged user insider trading. Here's how they got so controversial.

Federal Reserve Chair Jerome Powell made it clear the US central bank won't cut interest rates again until inflation starts cooling again. Speaking at a press conference Wednesday, Powell also said it was still too soon to gauge the effects of a surge in oil prices on the US economy. Bloomberg's Mark Cranfield breaks down the situation.

As oil prices remain above $100 per barrel, markets will be looking for guidance from central banks as to how they view the inflationary threat and the path ahead of monetary policy. Bloomberg's Morwenna Conium discusses with Anna Edwards on The Pulse on Bloomberg Television.

Bundesbank President & ECB Governing Council Member Joachim Nagel tell Bloomberg's Lizzy Burden that the duration of the Iran war will likely be the main driver of the inflation outlook, but that it is "much too early" come to a conclusion on what the impact will be across all sectors of the economy yet.

The Supreme Court's decision blocking Donald Trump's tariff strategy has thrown US trade policy into turmoil. As he scrambles for a new path, we look at what his trade war has accomplished.