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China's rapid adoption of AI in the workplace has prompted an unusually blunt call from a state-run newspaper. The Workers' Daily, the official paper of China's umbrella trade union organization, called on regulators to protect labor rights as officials consider how to contain risks posed by the new technology.

The European Central Bank has hiked interest rates for the first time since September 2023 becoming the first major central bank to react to the war in Iran. ECB Governing Council Member and Slovenia Central Bank Governor Primož Dolenc says the move is "just enough for now." Dolenc spoke to Bloomberg's Oliver Crook in an exclusive interview just after the decision on Thursday.

LIXTE Biotechnology (NASDAQ:LIXT) entered into a definitive agreement to acquire 100% of NOMAD Transportable Power Systems, executing a complete structural transformation away from its legacy clinical-stage oncology pipeline into a dedicated public-market platform for AI and utility energy infrastructure.

GSK (NYSE:GSK) announced that momelotinib, its approved Janus kinase (JAK) inhibitor, has received Orphan Drug Designation from both the US Food and Drug Administration (FDA) and the European Medicines Agency (EMA) for the treatment of VEXAS syndrome.

Oil prices fell more than 2% on Friday, extending a downswing from the previous session after U.S. President Donald Trump canceled plans for targeted military strikes against Iran.

President Donald Trump pulled back threatened military strikes against Iran, a reversal that came after he vowed to hit the Islamic Republic "VERY HARD" and threatened to seize its oil infrastructure. Bloomberg's Jill Disis has the latest.

On this week's "The Debrief with Mario Parker," Mario breaks down how the relationship between President Donald Trump and Elon Musk has evolved. Earlier this month Trump said Musk is "a friend of mine again." Mario also talks about how some members of the Trump administration stand to gain financially from the SpaceX IPO. He reports on "Balance of Power."

Nell Minow, Chair of Value Edge Advisors and Former President of ISS, advised caution regarding SpaceX's IPO, which was priced at $135 per share in the largest debut ever. She highlighted significant corporate governance issues being raised by pension managers and investors. She speaks with Romaine Bostick & Katie Greifeld on "The Close."

SpaceX has made history with the largest IPO ever, pricing shares at $135 each and raising $75 billion. Dan Ives, Global Head of Technology Research at Wedbush Securities, discussed the overwhelming demand for the offering, how this is a bet on Elon Musk and the possibility of Tesla and SpaceX merging. He speaks on "Bloomberg The Close."

SpaceX has made history with the largest IPO ever, pricing shares at $135 each and raising $75 billion. Dan Ives, Global Head of Technology Research at Wedbush Securities, discussed the overwhelming demand for the offering, which Bloomberg reports is four times oversubscribed, including $100 billion in retail orders and significant institutional interest such as a $5 billion order from BlackRock. He speaks with Romaine Bostick & Katie Greifeld on "The Close."

Richard Clarida, Managing Director and Global Economic Adviser at PIMCO and Former Vice Chair of the Federal Reserve Board of Governors, discussed the significant impact of artificial intelligence (AI) on the economy and markets over the next five years. He emphasized AI as a potential disinflationary force due to increased productivity and possible wage compression, while also noting the financing risks associated with AI investments. He speaks with Romaine Bostick & Katie Greifeld on "The Close."

Bloomberg's Ed Ludlow and Bailey Lipschultz break down the final developments from SpaceX as the company prepares to go public with a record-breaking IPO on Friday. Elon Musk's aerospace company raised $75 billion in the IPO, pricing 555.6 million shares at $135 each, according to a statement on its website Thursday. When asked about what's driving the interest despite the lack of current profits, Ludlow says that many investors believe that profitable opportunities that SpaceX have set out for the future, including data centers in space, may occur even sooner that the company is predicting.