ACCC triggers Phase 2 Peter Warren Automotive review
The Australian Competition and Consumer Commission has escalated its scrutiny of Peter Warren Automotive's (ASX:PWR) proposed acquisition of Wakeling Automotive Group.
The Australian Competition and Consumer Commission has escalated its scrutiny of Peter Warren Automotive's (ASX:PWR) proposed acquisition of Wakeling Automotive Group.
Former US Ambassador to Morocco and Senior Iran Adviser to President Obama, Puneet Talwar, discussed the complexities surrounding ongoing US-Iran negotiations for an interim deal. Despite reports of suspended talks due to fighting in Lebanon, President Trump remains optimistic about continuous conversations with Iran. He speaks with Romaine Bostick & Katie Greifeld on "The Close."
Ed Zitron, CEO at EZ Primary Research, said that the risk of balancing the equity market on record public offerings for AI companies that have never reported profit is a dangerous proposition and that those companies should not be allowed to IPO. Zitron, an AI skeptic, said that many of these companies will not last in the long term.
Adam Back, co-founder and CEO of Blockstream, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Back is often considered to be the creator of Bitcoin, which he has repeatedly denied.
Jared Bernstein, former chair at the Council of Economic Advisors and now a senior fellow at the Center for American Progress, discusses the role of economic issues in the upcoming primary elections. With several states, including California, holding primaries on June 2nd, Bernstein addresses whether economic concerns are motivating voters to participate in the primaries. He speaks with Romaine Bostick & Katie Greifeld on "The Close."
Gary Marcus, NYU Emeritus Professor of Psychology and Neural Science and founder of Robust.AI and Geometric.AI, joined the program to discuss the recent executive order on AI regulation. He described the order as a significant reversal from the previous administration's hands-off approach, which he viewed as untenable. He speaks with Romaine Bostick & Katie Greifeld on "The Close."
Bloomberg's Ira Boudway joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Traders on prediction markets fare worse than traditional sports bettors on increasingly popular multi-leg wagers, according to an analysis by Citizens.
Michael Shaulov, CEO of Fireblocks, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Fireblocks, the crypto infrastructure company launched Fireblocks Flow today as part of the Money 20/20 conference in Amsterdam.
Axel Merk, founder and CIO of Merk Investments, said that while gold remains a relatively 'calm' investment, the world around the commodity and the geopolitical and economic 'crosscurrents' including AI investment and the war with Iran have created volatility in markets.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
Denelle Dixon, CEO of Stellar Development Foundation, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." The Depository Trust & Clearing Corporation said last week it plans to connect its tokenized securities platform to the Stellar network.
Wendy Stewart, president of Global Commercial Banking at Bank of America, said that middle market businesses are driving the economy right now, driving growth and hiring and firing amid an uncertain economic environment. Stewart also said that global supply chains still exist, but that businesses have to be flexible given the geopolitical landscape.