Bloomberg News and Videos — Page 228

President Donald Trump said Iran will only be able to use funds released from frozen accounts to purchase food and medical supplies from the US, seeking to ease concerns about peace negotiations that both sides say are making progress.  Brett Bruen, President of the Global Situation Room and former White House Director of Global Engagement joined Balance of Power to discuss.

US tech stocks join a global selloff as investors reassess the AI trade. Amanda Agati, Chief Investment Officer at PNC Asset Management Group, says the tech pullback is a healthy reset after an extraordinary run. She speaks on "Bloomberg Open Interest."

When Dave Ricks became chief executive officer of Eli Lilly & Co. in 2017, he was facing an industry under siege. Americans held drug companies in lower esteem than airlines, law firms and even the federal government. President Donald Trump, then starting his first term, was excoriating them for their high prices. A mounting number of reports showed that soaring costs were even forcing some diabetics to ration insulin. Ricks, the 11th CEO in Lilly's 150-year history, concedes that one was a public-relations nightmare. Almost a decade later, the mood at Lilly has shifted dramatically. The company's hit diabetes shot, Mounjaro, and obesity shot, Zepbound, have transformed its fortunes and, in many ways, its public image. We speak with Madison Muller, Bloomberg News Healthcare Reporter, for a closer look.

SpaceX has drawn about $89 billion of demand for its debut US bond sale, according to people with knowledge of the matter, setting the stage for one of the biggest deals in the US investment-grade market this year. Elon Musk's rocket, satellite and AI conglomerate is seeking to raise between $20 billion and $25 billion from the five-tranche offering in a deal that's expected to price on Tuesday. At the lower of that range, demand would exceed the bond size by more than four times. Debt investors, who tend to be more conservative than those in the equity market, are betting on Musk's ability to deliver on his promises even as the company is projected to burn significant amounts of cash over the next few years. For more, we speak with Robert Schiffman, Senior Tech Credit Analyst for Bloomberg Intelligence.

AI is moving beyond chatbots and onto the factory floor, helping manufacturers boost productivity. Siemens CEO Roland Busch joins Ed Ludlow on "Bloomberg Tech" to discuss the trend and AI's role in Europe's industrial future.

Meta, which helped popularize smart glasses through partnerships with Ray-Ban and Oakley, is going down-market by launching lower-priced models under its own brand for the first time. Bloomberg's Mark Gurman joins Ed Ludlow on "Bloomberg Tech."

Porsche AG confirmed its profit outlook for the year as it pushes to become leaner to revive margins battered by US tariffs and weak demand in China. David Welch has more on "Bloomberg Open Interest."

Oil steadied while tankers become more overt in transiting the Strait of Hormuz following an agreement between Iran and the US to end their conflict. Ellen Fraser, Partner and Energy expert at Baringa Partners, discusses the recent moves in oil as the US greenlights Iran to sell on the open market.

Tributes to former Federal Reserve Chairman Alan Greenspan poured in after the news of his death early Monday, many from former colleagues and market players who had a front-row seat during his 18-year tenure atop the US central bank. Bill Dudley, Bloomberg Opinion Columnist and former NY Federal Reserve President, discusses the passing of Greenspan and how his role has influenced the Federal Reserve beyond his time there.

A global rout in tech stocks began in Asia where a selloff in Korean chipmakers stoked concerns about the sustainability of the artificial-intelligence driven rally. Bloomberg's Carmen Reinicke reports.