United StatesBreaking News

Pfizer (NYSE:PFE) has been dismissed from a large U.S. antitrust lawsuit in which multiple states accused drugmakers of fixing prices for generic medications.

Tuesday's stock-market slide was what one Wall Street strategist called a "chip-wreck." The semiconductor companies that have led this year's stock-market advance with triple-digit percentage gains were suddenly hit with a wave of doubts about the sustainability of the AI-driven rally. Daniel Ives, Global Head of Technology as Wedbush Securities, discusses the broader tech landscape as investors remain jittery on high-flying tech stocks.

Led by Bloomberg's Emily Chang and Tom Giles, Bloomberg Tech 2026 brought together the leading CEOs, investors, and innovators who are harnessing technology to change the world around us.

Chemours Company (NYSE:CC) announced a settlement with the U.S. Environmental Protection Agency and West Virginia regulators to resolve claims related to PFAS discharges at three operating sites.

Jason Thomas, head of global research and investment strategy at Carlyle, discusses how US policies and the AI buildout are shaping markets. He notes nominal GDP growth is driven too heavily by inflation, and that the Federal Reserve's stance has shifted so much that simply holding rates steady now qualifies as dovish. Thomas speaks on "Bloomberg Open Interest."

On this episode of Stock Movers with Alexis Christoforous: - Cerebras (CBRS) shares are lower after the company gave an annual sales forecast that disappointed investors. Revenue in 2026 will be $855 million to $865 million, Cerebras said, while analysts projected $824.8 million. - FedEx (FDX) is dipping after it reported profit that beat Wall Street's expectations as the courier navigated tumultuous trade policies and rising costs. The company's profit margin for the past quarter declined to 8.4%, below analysts' expectations, due to "significant headwinds." - Hertz (HTZ) shares are tumbling after the rental car company reported preliminary second-quarter adjusted corporate Ebitda that missed the average analyst estimate. Additionally, Hertz filed to offer $100 million of stock, lent to JPMorgan via a share lending agreement. The company won't receive any proceeds from the sale of borrowed shares.

Gargi Chaudhuri, BlackRock's chief investment and portfolio strategist, Americas, says there are "tremendous" opportunities in the front-end and belly of the yield curve on "Bloomberg Open Interest."

OpenAI has unveiled its first custom-designed AI chip, called Jalapeño, developed in partnership with Broadcom (NASDAQ:AVGO).

OpenAI and Broadcom Inc. have developed a custom artificial intelligence chip called Jalapeno. OpenAI is now testing the samples. The companies say this chip can cut costs by 50%. Ed Ludlow reports.

Alibaba Group Holding (NYSE:BABA) has filed a federal lawsuit in San Jose, California, against the U.S. Department of Defense, challenging its designation on a list of companies alleged to have ties to China’s military.

Darrell Cronk, Wells Fargo Wealth and Investment Management CIO, says zero interest rate hikes by the Federal Reserve are baked into their forecast that says the S&P 500 will reach 7,900 by the end of this year. He says markets are not in a selloff, he says this is a "rotation within equities." He speaks on "Bloomberg Surveillance."

US President Donald Trump ordered the Department of Justice to look into gasoline prices, saying in a Truth Social post, "Prices better start going down a lot faster than what I'm seeing!" Tyler Kendall reports on Bloomberg Television.