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"We Are In an Era of Warped Entrepreneurship," Says Makunda

A New York Times investigation found that DraftKings Inc. built a machine-learning model that scored customers by how much they would lose for each free bet or bonus they received. The model raised concerns that the company was targeting problem gamblers, with a data analyst saying "the best investment would be a problem gambler" due to financial logic. Bloomberg News Opinion Contributor and Lecturer at Yale School of Management, Gautam Mukunda argues regulations against predatory capitalism could protect good companies and steer entrepreneurs' talents in socially beneficial directions.

Read more: "We Are In an Era of Warped Entrepreneurship," Says Makunda
Bloomberg
Financial

Need Energy, Water Solutions With Data Centers: Jan Vesely

Jan Vesely, partner, head of AI infrastructure and transition infrastructure at EQT, Tenzin Seldon, founder & managing partner at Pulse Fund, and Vinay Shandal, global head of sustainable investing at BCG, join Dani Burger on "Bloomberg Deals." They discuss the climate investing and how data center companies must present solutions for higher energy and water costs.

Read more: Need Energy, Water Solutions With Data Centers: Jan Vesely
Bloomberg
Financial

Some Oura IPO Investors Were Said to Push Back Citing Valuation

Bloomberg's Anthony Hughes joins Dani Burger on "Bloomberg Deals." Some investors approached about potentially buying shares in Oura's now-delayed IPO decided not to go forward because of concerns including the health and fitness ring-maker company's target valuation, according to people familiar with the matter.

Read more: Some Oura IPO Investors Were Said to Push Back Citing Valuation
Bloomberg
Financial

Saronic CEO: 'Speed Is Everything' in Shipbuilding

Saronic is breaking ground on what it says will be the largest and most advanced shipyard in America. Saronic co-founder and CEO Dino Mavrookas joins Ed Ludlow to discuss how its Port Alpha in Brownsville, Texas, is at the center of the defense tech company's push to rapidly scale production of autonomous ships. He speaks on "Bloomberg Tech."

Read more: Saronic CEO: 'Speed Is Everything' in Shipbuilding
Bloomberg
Financial

Ackman Says Markets Are Narrowly Focused on Big IPOs

Pershing Square CEO and founder Bill Ackman says markets are narrowly focused on big initial public offerings. Ackman says Anthropic is one of the greatest business stories he's ever seen, but would not say if it's a company he would invest in. The Claude developer is expected to go public this year. Ackman speaks on "Bloomberg Deals."

Read more: Ackman Says Markets Are Narrowly Focused on Big IPOs
Bloomberg
Financial

US Consumer Spending Jumps by Most in a Year

US consumer spending rose in August at the fastest pace in over a year, helping to power the economy through persistent inflation.  Inflation-adjusted personal spending climbed 0.6% in August from a month earlier, according to Bureau of Economic Analysis data released on Wednesday. That was the biggest monthly jump since March 2025. Eric Winograd, Chief Economist at AllianceBernstein, reacts to the PCE data.

Read more: US Consumer Spending Jumps by Most in a Year
Bloomberg
Financial

Robinhood to Offer Weekend Equities Trade; Cal-Maine Falls on Sales Miss | Stock Movers

On this episode of Stock Movers: - Cal-Maine (CALM) shares fell after the egg producer reported net sales for the first quarter that missed the average analyst estimate, and said it won't pay a cash dividend in the first quarter. - Concentrix (CNXC) shares are sliding after the software company's reported revenue forecast for the fourth quarter missed the average analyst estimate. - Robinhood (HOOD) is on the move as it plans to offer weekend trading for equities in a first for modern US markets, allowing customers to trade a selected list of stocks and exchange-traded funds over the weekend.

Read more: Robinhood to Offer Weekend Equities Trade; Cal-Maine Falls on Sales Miss | Stock Movers
Bloomberg
Financial

Why KKR Says AI Buildout Needing $8 Trillion in New Capital

KKR has released a new report arguing that financing the global AI buildout will require about $8 trillion in capital expenditures, far more than traditional public equity and debt markets can supply on their own. Christopher Sheldon, KKR's co-head of credit and markets, discusses the report on "Bloomberg Open Interest."

Read more: Why KKR Says AI Buildout Needing $8 Trillion in New Capital