Pony AI, Uber plan 2,000-plus Europe robotaxis
Pony AI (NASDAQ:PONY) and Uber Technologies (NYSE:UBER) plan to deploy more than 2,000 robotaxis across five European cities under an expanded partnership.
Pony AI (NASDAQ:PONY) and Uber Technologies (NYSE:UBER) plan to deploy more than 2,000 robotaxis across five European cities under an expanded partnership.
RCM Technologies (NASDAQ:RCMT) reported second-quarter revenue of $93.8 million, up 20%, while GAAP net income rose to $4.9 million.
Pfizer (NYSE:PFE) and Valneva (NASDAQ:VALN) said the EMA validated their PF-07307405 Lyme vaccine application after Phase 3 efficacy exceeded 70%.
Diversified Energy (NYSE:DEC) confirmed preliminary discussions about acquiring Birch Resources, but said talks remain early and no transaction has been agreed.
Gerry Fowler, chief European equity strategist and head of derivates at UBS, explains why he thinks markets are in an "unprecedented growth era." Speaking on Bloomberg Television, Fowler says the recent bout of de-risking "appears to now be over," and that he expects investors to "lean back" into the tech trade as they return from vacation.
Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
An auction of 10-year and 30-year US treasuries lured decent appetite from investors demanding more compensation to finance the US government. The sales followed a subdued core inflation print, easing pressure on the Federal Reserve to raise interest rates next month. But with soaring government spending, a swelling budget deficit and an investment boom driven by AI demand showing no sign of slowing, investors are questioning whether elevated yields can be sustained. The Opening Trade spoke to guests about the outlook for the US bond market.
The US will soon announce what it bills as unprecedented economic measures against Iran, Treasury Secretary Scott Bessent said, intensifying the Trump administration's effort to force Tehran's capitulation through financial pressure. Bloomberg's Stuart Livingstone-Wallace breaks down what we know about the plans.
The US government sold 30-year bonds at the highest interest rate in a quarter century, a testament to investors' demand for greater compensation to finance the nation's growing deficit. Standard Chartered CIO for North Asia, Raymond Cheng, discusses how long such yields will remain sustainable.
Winston Cheng, CFO at Lenovo, discusses the company's business strategy as it expects to grow revenue to $100 billion this fiscal year. He speaks with David Ingles and Stephen Engle on "Bloomberg: The China Show."
Robin Tsai, Managing Partner at VMG Partners, discussed the recent uptick in consumer space IPOs following notable debuts like Jersey Mike's and Reformation. He outlined VMG Partners' investment strategy, which focuses on established consumer brands with existing revenue, scale, and profitability, rather than early-stage ventures. He speaks with Romaine Bostick on "The Close."
Anant Bhalla, CEO of 1823 Partners and Chief Investment Officer at JAB Holdings, discussed the strategic integration of insurance businesses within private markets to enhance liquidity and return cash to clients. He highlighted the complementary nature of consumer and insurance businesses in varying interest rate environments, with insurance thriving when rates are higher. He speaks with Romaine Bostick on "The Close."