Bloomberg News and Videos — Page 747

African ports are struggling to capitalize on a surge in shipping traffic as the Middle East conflict disrupts other key global trade routes. Bloomberg's Chief Africa Correspondent Jennifer Zabasajja explains on Horizons Middle East & Africa.

US Ambassador to the EU Andrew Puzder says President Donald Trump could go ahead with a 25% tariff on European cars and trucks "relatively soon" if there is no progress on the bloc's ratification of a a trade deal that the two sides initially reached last July. Puzder talks with Bloomberg's Oliver Crook in Brussels.

Novo Nordisk said this year's declines won't be as bad as initially expected thanks to the new Wegovy pill, which helped fuel sales in the first quarter. For the year, the worst drop for both profit and sales will be 12%, compared with 13% earlier. Bloomberg's Sanne Wass reports from Copenhagen.

President Donald Trump said he would pause an effort to help stranded ships exit the Strait of Hormuz to see if the US can reach an agreement with Iran to end the war. Bloomberg's Stuart Livingstone-Wallace has the latest.

Jason Pang of JPMorgan Asset Management says that "higher oil for longer will translate into a more hawkish bias" among central banks in Asia. He also tells Bloomberg Television that "Malaysia, local, remains a good exposure for investors."

Samsung Electronics Co. has reached a $1 trillion market valuation following booming demand for its chips used in artificial intelligence. Bloomberg's Sangmi Cha reports.

President Donald Trump said he would pause a US-led effort to help stranded ships exit the Strait of Hormuz to see if an agreement with Iran to end the war could be finalized. Bloomberg's Derek Wallbank breaks down the developments.

Advanced Micro Devices gave a strong forecast for the current period while Super Micro Computer shares gained in extended trading after the company reported improved margins. Michael Shepard reports on "Balance of Power: Evening Edition."

Billionaire Nvidia Corp. director Mark Stevens and his wife Mary are gifting $200 million to the University of Southern California to advance AI research and education across the school. USC President Beong-Soo Kim details how the donation will be used on "Bloomberg The Close."

"There's a lot of attractive opportunity to invest," Pimco CEO Emmanuel Roman says while discussing data center financing and the company's debt deal pipeline at the Milken Institute Global Conference in Beverly Hills, California.