Bloomberg News and Videos — Page 603

Oil declined after Israel and Iran agreed to stop attacking each other following a flare-up in violence, while new data shed light on the extent of a drop in Chinese imports. Amrita Sen, Founder and Director at Energy Aspects, discusses the latest moves in the energy market as US talks with Iran continue.

On this episode of Stock Movers with Alexis Christoforous: - Nuvalent (NUVL) shares are higher on news GSK agreed to buy Nuvalent for $10.6 billion, securing a US biotech firm developing treatments for lung cancer. - JM Smucker (SJM) shares are on the move after it posted fourth-quarter profits that beat Wall Street expectations as higher prices helped boost the packaged food company. - Vail Resorts (MTN) is dropping after the ski resort operator cut its net income guidance for the full year, attributing the reduction to "historically challenging" weather conditions in the western US. The guidance missed the average analyst estimate.

Airbus CEO Guillaume Faury comments on the planemaker's supply chain and orders during an interview with Bloomberg's Benedikt Kammel at the Berlin Aviation Summit.

Guneet Dhingra, head of US rates strategy at BNP Paribas, discusses the inflation risks he sees in markets and explains how the firm came to expect three rate hikes coming from the Federal Reserve.

Jack Caffrey, equity portfolio manager at JPMorgan Asset Management, examines the impact of oil prices on equity markets and what that means for both short-term traders and long-term investors.

China is planning to spend around 2 trillion yuan ($295 billion) over the next five years to build data centers across the country. Neil Campling reports on Bloomberg Television.

Wei Li, chief global investment strategist at BlackRock, says there is a "healthy debate to be had" about the durability of Artificial Intelligence earnings and sees the AI trade as a "space to be selective and active."

Sam Lynton-Brown, head of global macro strategy at BNP Paribas, speaks on Blomberg Television about the outlook for Federal Reserve and European Central Bank policy.

Intesa Sanpaolo CEO Carlo Messina discusses the lender's offer to buy Italian rival Banca Monte dei Paschi for 30.6 billion ($35.3 billion). "The only real offer now in the market is the Intesa Sanpaolo offer," Messina tells Bloomberg's Francine Lacqua, calling Banco BPM's proposal of a merger of equals merely a "love letter."

Ten years after Brexit, analysis published by Bloomberg on Tuesday shows that the UK's vote to leave the European Union may have already cost the British economy between 2% and 4% of gross domestic product. Dan Hanson of Bloomberg Economics explains.