Bloomberg News and Videos — Page 767

Bloomberg's Scarlet Fu on "Bloomberg Deals" discusses travel demand as fuel prices soar amid the Iran War. This week JetBlue, Booking Holdings, and Hilton gave mixed commentary on future demand for travel.

"The Fed would be nuts not to move to a symmetrical posture," Bob Michele, global head of fixed income at JPMorgan Asset Management, says on Bloomberg Television.

Bloomberg's Scarlet Fu on "Bloomberg Deals" wraps up recent pharma dealmaking. Eli Lilly agreed to buy closely held Ajax Therapeutics for as much as $2.3 billion in cash. Sun Pharmaceutical Industries has agreed to acquire New York-listed women's health-care company Organon.

Bob Michele, global head of fixed income at JPMorgan Asset Management, says the inflation risk posed by the Iran conflict means the Federal Reserve can stay on hold through year-end on Bloomberg Television.

The Federal Reserve leaves interest rates unchanged in a range of 3.5% to 3.75%. But four officials voted against the decision. It's the first time since 1992 that there were four dissents. Bloomberg's Michael McKee reports.

SoFi shares fell after the company released its quarterly results. SoFi CEO Anthony Noto says investors appear to be reading its decision to maintain its full-year guidance as a sign of uncertainty. Noto speaks with Caroline Hyde and Ed Ludlow on "Bloomberg Tech."

Republican Senator Shelley Moore Capito joined Balance of Power to discuss the tension in around talks in the Middle East as well as looming FISA expiration. Sen. Moore Capito said the section of the Foreign Intelligence Surveillance Act that is about to expire is an essential tool for the US to investigate and head off foreign threats.

Aradhana Sarin, AstraZeneca CFO, joins Dani Burger and Katie Greifeld on "Bloomberg Deals." AstraZeneca's profit grew more than expected in the first quarter, bolstered by demand for its blockbuster cancer medicines.

Bloomberg's Liana Baker joins Dani Burger on "Bloomberg Deals." Kone agreed to acquire TK Elevator for $34.4 billion including debt, transforming the Finnish company into the industry's dominant player and putting new pressure on its rivals.

Bloomberg's Michelle Davis joins Dani Burger on "Bloomberg Deals." Jack Daniel's owner Brown-Forman and Jameson whiskey maker Pernod Ricard SA terminated their merger talks, marking an abrupt end to a potential transatlantic deal that was aimed at contending with the industry's downturn.