Bloomberg News and Videos — Page 754

US transportation stocks plunged Monday after Amazon.com Inc. announced expanded logistics offerings that will turn it into a major competitor for parcel carriers and air freight companies, and also impact truckers and third-party brokers. Bloomberg's Lee Klaskow joins Bloomberg Intelligence to discuss.

Pershing Square founder and CEO Bill Ackman says succession at the company is already in place. Speaking with Bloomberg's Dani Burger at the Milken Institute Global Conference in Beverly Hills, California, Ackman also discusses his bid for Universal Music Group, the rise of prediction markets and offers his views on New York City Mayor Zohran Mamdani.

GameStop Corp. is trying to buy eBay Inc. for about $56 billion in cash and stock, a bold attempt by Ryan Cohen to take over a storied e-commerce name several times larger. Bloomberg's Spencer Soper joins Bloomberg Intelligence to discuss.

Greg Abel lead the Berkshire Hathaway Inc. shareholders meeting on Saturday for the first time as CEO. It was very different compared to when Warren Buffett ran the program. Matthew Palazola of Bloomberg Intelligence was there and came on Bloomberg Radio to talk about what he saw.

Eurasia Group's Ian Bremmer says President Donald Trump doesn't have the ability to reopen the Strait of Hormuz right now. But he does say Iran is desperate. He speaks to Joe Mathieu and Carol Massar at the Milken Global Conference.

PJT Partners Chair and CEO Paul Taubman says M&A activity isn't accelerating but at healthy levels. Speaking with Bloomberg's Dani Burger at the Milken Institute Global Conference in Beverly Hills, California, Taubman calls the private credit market's issues a "public relations" challenge.

"It's a little bit of a head-scratcher as to why the markets are as robust as they are," Armen Panossian, co-CEO and head of performing credit at Oaktree, says. Speaking with Bloomberg's Dani Burger at the Milken Institute Global Conference in Beverly Hills, California, Panossian warns investors are underestimating the fundamental risks facing the credit market.

The US says a Navy ship was not hit by Iranian missiles then forced to retreat near the Gulf of Oman. Meanwhile, the White House says the US will escort any stranded ships trying to go through the Strait of Hormuz. Bloomberg's Tyler Kendall has the latest.

Bill Dudley, former New York Fed President and Bloomberg Opinion columnist, explains the reasons he sees for the Federal Reserve to not cut interest rates at this time and discusses expected changes under Fed Chair nominee Kevin Warsh and Jerome Powell's decision to continue to serve as a Fed governor when his term as chair expires. His opinions are his own.

Emaar Properties CEO Mohamed Alabbar says that Dubai's property market remains resilient despite regional tensions, citing strong buyer confidence and stable collections across customers. While acknowledging short-term supply chain disruptions linked to the Strait of Hormuz closure, Alabbar expects a quick regional rebound. He spoke with Bloomberg TV's Joumanna Bercetche from the sidelines of MIITE in Abu Dhabi.