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SpaceX Challenges AI Rivals For Control of $26.5 Trillion AI Market

Elon Musk's rocket, satellite and AI company is effectively basing its pitch for the biggest IPO in history on the idea that it can capture a huge share of the market from the likes of OpenAI, Anthropic PBC and Alphabet Inc.'s AI systems: technology that will eventually automate large swaths of white-collar and administrative work, creating a massive market for software that can perform digital tasks traditionally handled by humans. Nancy Tengler, Laffer Tengler Investments joins Bloomberg Businessweek Daily to discuss the flurry of IPO's.

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Bloomberg

Mortgage Rates Hit Highest Since August as War Fans Inflation

Diane Swonk, Chief Economist at KPMG joins Scarlet Fu on "Bloomberg Markets." US mortgage rates surged this week to the highest level since August, threatening a spring selling season that was just starting to get a pulse. The average rate for 30-year fixed loans jumped to 6.51% from 6.36%, the biggest weekly increase since the end of March, Freddie Mac reported on Thursday.

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Grafa

European regulators accept Teva and Medincell’s application for long-acting Schizophrenia injection

Teva Pharmaceutical Industries (NYSE:TEVA) and Medincell announced Thursday that the European Medicines Agency has accepted their Marketing Authorization Application for TEV-749, an investigational long-acting injectable formulation designed to treat adults living with schizophrenia.

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Bloomberg

Oil Gains as Iran's Uranium Stance Clouds Hormuz Outlook

Oil gained Monday as traders weighed conflicting reports on Iran's uranium enrichment, a key sticking point in peace negotiations with the US that could dictate the pace of reopening the vital Strait of Hormuz. West Texas Intermediate traded above $101 a barrel Monday after sliding 5.7% in the previous session. Prices pared some gains after Al Jazeera reported no new uranium directive had been issued, citing an unnamed Iranian official. Traders have been on high alert for clues on the status of negotiations between the US and Iran to parse when the strait subject to a double blockade by Tehran and the US military might reopen and to gird against a potential return to active fighting. The virtual closure of the waterway, a key global energy shipping route, has caused energy prices to soar. We get reaction from Mike McGlone, Senior Commodity Strategist for Bloomberg Intelligence.

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Bloomberg

The Startups Building on Nvidia Compute

A part of Nvidia CEO Jensen Huang's latest message to investors is that Nvidia isn't just selling chips to Big Tech anymore: it's supplying the picks and shovels for an AI gold rush, where startups are building everything from AI agents to humanoid robots and robotaxis on Nvidia compute. One of the key backers of that ecosystem is Sarah Guo, founder of AI-native venture firm Conviction. She joins Ed Ludlow on "Bloomberg Tech."

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