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Bloomberg News Andean Bureau Reporter Andreina Itriago is on Bloomberg This Weekend explaining concerns that the official casualty figures in Venezuela after the earthquake are likely underreported, with many more deaths expected as rescue efforts continue and bodies are recovered. Itriago explains to hosts David Gura and Christina Ruffini that the government's capacity to conduct search and rescue operations is described as very limited, with much of the initial response carried out by local citizens rather than state forces.

Despite a ship being struck in the Strait of Hormuz on Thursday and another incident over the weekend, some vessels continue to travel the strait on both the Iranian and Omani sides. However, overall traffic remains significantly reduced compared to pre-conflict levels, with daily ship movements down from over 140 in February to approximately 30-40 currently. Bloomberg News Energy & Commodities Reporter Stephen Stapczynski joins Bloomberg This Weekend to explain to hosts David Gura and Christina Ruffini that safety concerns persist, causing ship owners, captains, and energy exporters to reassess the risks of passage through this critical waterway.

Catch up on all the headlines with BTW. Lisa Mateo, Christina Ruffini and David Gura dive into the headlines you may have missed on Bloomberg This Weekend. Watch the show LIVE every Saturday and Sunday morning.

Europe has been experiencing a record-breaking heat wave, with temperatures soaring to historic highs, particularly in France where temperatures were above 110 degrees Fahrenheit. Bloomberg News Weather & Climate Reporter Joe Wertz and Climate Reporter Emma Court are on Bloomberg This Weekend to warn that such extreme heat events are likely to become more frequent globally, potentially driving up costs and contributing to what is being termed 'climate inflation,' placing additional financial burdens on consumers.

Technology stocks closed out a volatile week sharply lower as investors reassessed the sustainability of the AI trade, with concerns over rising semiconductor costs, memory pricing and capital spending. Bloomberg Intelligence Global Head of Technology Research Mandeep Singh and Bloomberg News Macro Strategist Cameron Crise also explain to hosts of Bloomberg This Weekend David Gura and Christina Ruffini the evolving US restrictions on advanced AI models, the cooling IPO market, and questions over whether AI companies can generate enough revenue to justify soaring valuations amid rising costs.

As the United States, Canada, and Mexico prepare to renegotiate the USMCA trade deal, one industry sits squarely at the center of the debate: automobiles. Companies like Linamar depend on highly integrated supply chains that send components across borders multiple times before a vehicle is completed. Nobel laureate Paul Krugman argues that competition from China demands some trade barriers, while Council on Foreign Relations expert Shannon O'Neil says the region's manufacturing strength depends on cross-border production. Supporters of the agreement warn that uncertainty poses the biggest risk to investment, jobs, and the future of a trade relationship that supports over a trillion dollars in annual commerce.

As Ebola cases rise in the Democratic Republic of Congo and Uganda, Africa CDC's Director General Jean Kaseya says more funding from Western governments is needed to contain the outbreak. Kaseya warns that closing borders won't stop the virus from spreading.

• Micron Technology reported $41.46 billion in quarterly revenue as the firm capitalized on surging data center component demand.
• The semiconductor manufacturer recorded a GAAP net income of $28.24 billion and declared a quarterly dividend of $0.15 per share.
• Global hardware manufacturers must carefully secure raw materials to execute aggressive revenue projections amid volatile enterprise capital expenditures.

• FedEx reported $25 billion in fourth-quarter fiscal 2026 revenue while executing a spin-off of its freight division to consolidate core operations.
• The logistics provider exceeded cost-cutting targets by securing over $1 billion in structural savings and achieving an adjusted earnings per share of $6.60.
• Global transportation firms face mounting pressure to offset mixed profitability trends by heavily reducing capital spending and divesting secondary business units.

• AbbVie agreed to acquire Apogee Therapeutics in a $10.9 billion all-cash transaction, paying a 60% premium to secure a late-stage immunology pipeline.
• The company will pay $135.11 per share, with executives projecting the deal will not become accretive to adjusted earnings until 2032.
• Large pharmaceutical manufacturers face intense capital pressure to acquire unproven, long-acting biologics to offset impending revenue losses from patent expirations.

• Federal authorities are investigating WiseTech Global (ASX:WTC) executive chairman Richard White over visa fraud and human trafficking allegations.
• The ongoing controversy triggered a sharp market sell-off, pulling the WiseTech share price down to $36.88.
• Institutional investors are reassessing sector governance and operational risk amid wider software industry headwinds.

The CEOs and co-founders of Earn Your Leisure, Rashad Bilal and Troy Millings, explain their educational platform that looks to help individuals gain financial freedom and generational wealth. They discuss how to ride the tech stock wave with Romaine Bostick and Katie Greifeld on Bloomberg's "The Close."