Bloomberg News and Videos — Page 667

The AI data center boom is becoming an industrial arms race. CyrusOne CEO Eric Schwartz joined Bloomberg Open Interest to explain why the future of AI depends on power grids, skilled labor, and trillion-dollar infrastructure bets.

Wall Street's AI boom is spilling into credit markets. As hyperscalers' issue huge amounts of debt, banks are buying protection to manage exposure, while hedge funds sell that protection for what looks like easy money. But if the AI race starts producing winners and losers, this quiet CDS trade could become much riskier.

Eli Lilly is developing a groundbreaking one-time gene-editing treatment that could permanently lower bad cholesterol and reduce heart disease risk. Bloomberg's Madison Muller joins Open Interest to break down the science, the risks, and why Lilly is racing to expand beyond obesity drugs into its next major growth era.

Ferrari's first fully electric car is already dividing fans. Critics say the $640K EV looks more like a Nissan Leaf or "a bar of soap" than a Ferrari, but the company may not care. Bloomberg's Craig Trudell joins Open Interest to explain why Ferrari only needs a handful of wealthy buyers to make the Luce a success, and how the brand could use the EV to unlock access to future supercars.

Eli Lilly & Co. is buying three clinical-stage vaccine developers for as much as $3.8 billion as it looks to become a leader in infectious diseases. The drugmaker has been using cash from its obesity drugs to expand into other disease areas. Bloomberg's Gerry Smith reports.

On this episode of Stock Movers: - AutoZone (AZO) shares fall after the retailer of automotive replacement parts posted comparable sales for the third quarter that fell short of Wall Street's expectations. - Ferrari (RACE IM) shares fell almost 8% after critics panned the look of its first fully electric vehicle, a setback for the Italian super-car maker's controversial push into EVs. - Eli Lilly (LLY) agreed to buy three vaccine developers for as much as $3.8 billion, marking the drugmaker's re-entry into the infectious disease space.

Space and satellite stocks are surging as SpaceX begins its IPO roadshow. Elon Musk's company filed last week for what stands to be the biggest initial public offering ever. On Friday, the company's Starship launched and successfully deployed mock satellites before returning to Earth safely. Bloomberg's Ed Ludlow reports.

UBS raised its price target on Micron to a Street-high view of $1,625, up from $535. Mandeep Singh has more on "Bloomberg Open Interest."

Gregory Daco, EY-Parthenon chief economist, says he thinks former Federal Reserve Chair Jerome Powell will not be afraid to dissent as a member of the board of governors. Daco speaks on "Bloomberg Surveillance."

Bill Dudley, former New York Fed President and Bloomberg Opinion columnist, examines the effectiveness of Federal Reserve policy and the central bank's credibility on inflation. His opinions are his own.