Guzman y Gomez exits US to refocus domestic operations
Guzman y Gomez (ASX:GYG) announced an immediate exit from the United States market, shutting down its Chicago restaurants.
Guzman y Gomez (ASX:GYG) announced an immediate exit from the United States market, shutting down its Chicago restaurants.
Helix Resources (ASX:HLX) completed the acquisition of a 50% interest in the Weerianna Gold–Lithium Project from Western Metals.
Connexion Mobility (ASX:CXZ) entered into a definitive agreement to acquire 100% of the assets of Hallam Road Automotive.
MaxiPARTS (ASX:MXI) issued a trading update, reporting that global geopolitical headwinds have slowed recent activity.
Monadelphous Group (ASX:MND) secured a suite of new construction and maintenance contracts valued at approximately $120 million.
Preliminary negotiations reportedly have commenced between the Albanese Government and the Greens over contentious property tax legislation.
Oceania Healthcare (ASX:OCA) reported a 20% rise in proforma underlying EBITDA to NZ$97.7 million for FY26.
ASIC has lodged an appeal with the Full Federal Court following the total dismissal of its disclosure and misleading conduct case against intelligence software provider Nuix (ASX:NXL).
Tripp Hornick, principal at Quince Street Strategy, said that the US allowed the mining and manufacturing of rare earth elements to be pushed overseas because investors felt it was too expensive and 'dirty' to back. Now, the US is facing the consequences of moving that supply chain process overseas, as the US and other world powers race to build a system that is not reliant on China for minerals that are key to national security.
Yann LeCun & JP Vert discuss artificial intelligence and LLMs, and how they can translate into the physical world in the future. The two talk about the new techniques and infrastructures that will need to be built, as well as where some of the physical AI components can be built. They speak with Roman Bostick on "The Close."
Gerber Kawasaki Wealth and Investment Management co-founder and CEO Ross Gerber sees a really exciting time for tech as space and AI converge. He speaks on "Bloomberg The Close."
Elon Musk's rocket, satellite and AI company is effectively basing its pitch for the biggest IPO in history on the idea that it can capture a huge share of the market from the likes of OpenAI, Anthropic PBC and Alphabet Inc.'s AI systems: technology that will eventually automate large swaths of white-collar and administrative work, creating a massive market for software that can perform digital tasks traditionally handled by humans. Nancy Tengler, Laffer Tengler Investments joins Bloomberg Businessweek Daily to discuss the flurry of IPO's.