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Bloomberg
Financial

PGIM's Greg Peters on Bessent's Debt Buyback Boost

Greg Peters, Co-CIO of Public and Private Fixed Income at PGIM, discussed the Treasury's recent decision to boost debt buybacks for 10-year to 30-year securities. The cap on buybacks has been doubled from $2 billion to $4 billion, reflecting an aggressive move to manage the debt portfolio. He speaks with Romaine Bostick & Isabelle Lee on "The Close."

Leia mais: PGIM's Greg Peters on Bessent's Debt Buyback Boost
Bloomberg
Financial

Gravis Robotics CEO on Softbank Backing, Construction

SoftBank has made a $200 million investment in Gravis Robotics, a construction technology startup specializing in retrofitting existing excavators and heavy machinery with autonomous and semi-autonomous capabilities. Ryan Luke Johns, CEO and Co-Founder of Gravis Robotics, explained that the funding reflects SoftBank's strong confidence in the physical AI space, particularly in automating earth-moving equipment critical to infrastructure projects such as roads, quarries, and mines. He speaks with Romaine Bostick on "The Close."

Leia mais: Gravis Robotics CEO on Softbank Backing, Construction
Bloomberg
Financial

Ramp Co-CEO on $44B Valuation, $1B Saved, AI Spending

Eric Glyman, Ramp Co-Founder and Co-CEO, discussed the rapid growth in AI-related expenditures, noting that companies have increased their AI spending by nearly 21 times over the past year. This unprecedented surge is driven by both the significant returns AI can deliver and concerns among businesses about inefficient or excessive spending by employees. He speaks with Romaine Bostick & Isabelle Lee on "The Close."

Leia mais: Ramp Co-CEO on $44B Valuation, $1B Saved, AI Spending
Bloomberg
Financial

Mark Walter Explores Selling Stake in Chelsea FC

Bloomberg's Randall Williams joins Dani Burger on "Bloomberg Deals." Billionaire CEO of Guggenheim, Mark Walter, has explored selling his stake in Chelsea FC to Clearlake Capital, the majority owner of the London-based football club. This comes just after Walter's record-breaking sale of the Los Angeles Lakers to Josh Kushner and Bob Iger for a price of $12.5 billion.

Leia mais: Mark Walter Explores Selling Stake in Chelsea FC