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Lilly to Buy Merida for $2.88B in Autoimmune Push

Bloomberg's Michelle Davis joins Dani Burger on "Bloomberg Deals." Eli Lilly plans to buy Merida Biosciences Inc. for as much as $2.88 billion in cash to expand in autoimmune and allergic diseases, part of an effort to build beyond the weight-loss and diabetes markets that made it the largest pharmaceutical company in the world.

Read more: Lilly to Buy Merida for $2.88B in Autoimmune Push
Bloomberg
Financial

Altman Says AI Will Be Greatest Boom in Business the World Has Ever Seen

OpenAI Chief Executive Officer Sam Altman says artificial intelligence will be the greatest boom in business the world has ever seen. He speaks to US Commerce Secretary Howard Lutnick at a tech event in North Carolina hosted by the US for G20 members.

Read more: Altman Says AI Will Be Greatest Boom in Business the World Has Ever Seen
Bloomberg
Financial

Ouster's Physical AI Push

Ouster's technology gives machines the ability to see and navigate the world around them helping drive the rise of physical AI.The company is expanding into drone mapping through a partnership with GeoCue, while John Deere is bringing Ouster sensors to its GUSS autonomous vehicles. Ouster CEO and co-founder Angus Pacala discusses the company's push into new markets and the growing demand for physical AI on Bloomberg Open Interest.

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Bloomberg
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Expect to See a Lot More Humanoid Robots Soon: Barclays

Humanoid robots are moving out of the lab and into the real world, with deployments expected to surge in the years ahead. Zornitsa Todorova, head of Thematic FICC Research at Barclays, says the industry is entering a major scale-up phase, but a shortage of real-world training data remains a key hurdle. She joins Ed Ludlow on "Bloomberg Tech."

Read more: Expect to See a Lot More Humanoid Robots Soon: Barclays
Bloomberg
Financial

Dell Rises on Sales Outlook Boost

Dell raised its outlook for a fifth straight quarter as demand for AI and traditional servers continues to surge. Portia Capital Management President Michelle Connell explains why she sees more upside for Dell, where the next winners could emerge across the AI hardware stack, and how supply constraints are reshaping the semiconductor race. She joins Ed Ludlow on "Bloomberg Tech."

Read more: Dell Rises on Sales Outlook Boost
Bloomberg
Financial

Dell Boosts Sales Outlook by $25 Billion

Dell shares jumped after the company boosted its annual sales forecast by $25 billion in a further sign of surging demand for servers to run artificial intelligence tasks.  Revenue in the fiscal year ending in January 2027 will be about $192 billion, including $74 billion from the sale of AI servers, the Texas-based company said Tuesday in a statement. That's up from an outlook in May of about $167 billion and topped analysts' average projection of $173.8 billion, according to data compiled by Bloomberg. The AI server forecast represents a threefold increase over the prior year. This is the fifth straight quarter that Dell's fiscal year revenue outlook topped estimates. Bloomberg Intelligence Senior Hardware and Networking Analyst said memory inflation is factoring into their guidance.

Read more: Dell Boosts Sales Outlook by $25 Billion