OpenAI aims to raise at least $30 billion from investors in a new round of funding, according to people familiar with the matter. The company is seeking a valuation of around $1.4 trillion, not including the money raised, said the people. This comes after the artificial intelligence startup pushed back its plans for an initial public offering. Bloomberg's Neil Campling reports.
Morella (ASX:1MC) identified high-grade rubidium and lithium targets from rock chip sampling at its Mac Well Project.
Vection Technologies (ASX:VR1) delivered full-year revenue growth of 13% to $22 million while boosting adjusted EBITDA by $3.8 million.
Biotech stocks in Hong Kong continue to rally amid hopes of AI-driven development. Bernstein senior analyst Rebecca Liang explains why investors are becoming more optimistic about biotech stocks than last year. She spoke on "Bloomberg: The China Show."
Crude oil flows from the Middle East are returning toward pre-war levels despite continued risks to shipping, according to separate estimates from JPMorgan & Goldman Sachs. Meanwhile the diplomatic stalemate between the US & Iran continues with Hormuz & nuclear weapons being the main sticking points despite mediation efforts from Qatar. Aniseh Bassiri Tabrizi, Associate Fellow MENA at Chatham House spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa on the impasse between the two sides.
Crude oil flows from the Middle East are returning toward pre-war levels despite continued risks to shipping, according to JPMorgan Chase & Co. and Goldman Sachs Group Inc. Shipments of crude oil have rebounded to 98% of pre-war levels, while flows of products such as diesel and gasoline were at 58%, according to JPMorgan. Meanwhile, Goldman Sachs said oil exports from the Persian Gulf had recovered to 23.3 million barrels a day over the last week, in line with the 2025 average. Bloomberg's Stuart Livingstone-Wallace breaks down the situation.
APA Group (ASX:APA) signed agreements with CS Energy to acquire an 80% stake in the $1.27 billion Brigalow Peaking Power Plant.
Rosanna Law, Hong Kong's Secretary for Culture, Sports and Tourism, discusses efforts to diversify the city's tourism offerings and boost visitor spending ahead of China's Golden Week holiday. She speaks with Yvonne Man and David Ingles on "Bloomberg: The China Show."
Imagion Biosystems (ASX:IBX) has secured central Institutional Review Board ethics approval from Advarra for its Phase 1b/2 clinical trial.
Lindian Resources (ASX:LIN) has confirmed its Kangankunde concentrate exports remain unaffected by Malawi's 2025 executive order.
Atlas Arteria (ASX:ALX) announced that the French government intends to raise tax rates on long-distance transport infrastructure operators for the 2027 draft Finance Bill.
The Australian Prudential Regulation Authority has proposed a package of reforms across eight key risk areas.
