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Apple Inc. named hardware chief John Ternus as the iPhone maker's next leader, with Chief Executive Officer Tim Cook shifting to the role of executive chairman.  Ternus will become CEO on Sept. 1, the company said in a statement Monday. The Apple veteran was head of hardware engineering since 2021 and has spent 25 years focused on product development at the iPhone maker. Bloomberg News previously reported that Ternus was Cook's heir apparent.

FDA Commissioner Dr. Marty Makary discusses President Trump's Executive Order aimed at faster research and access to psychedelics, citing promising research and calling this an 'historic moment.' He talks with Romaine Bostick and Katie Greifeld on "The Close."

BMO Chief FX Strategist Mark McCormick says the right trade is to be long dollar for now. He speaks on "Bloomberg The Close."

Michael Baron, co-president and portfolio manager at Baron Capital, joins Katie Greifeld, Scarlet Fu, and Eric Balchunas on "Bloomberg ETF IQ." They discuss Baron Capital's entrance into the ETF space and the firm's investment in SpaceX.

Apple says hardware chief John Ternus will become the next CEO on September 1. Current CEO Tim Cook will shift to the role of executive chairman. Mandeep Singh of Bloomberg Intelligence has more.

Andrew Gosden, partner at Apollo Management, joins Katie Greifeld, Scarlet Fu, and Eric Balchunas on "Bloomberg ETF IQ." They discuss the State Street IG Public & Private Credit ETF (ticker: PRIV). The fund has amassed more than $800 million in assets since its launch in February of 2025.

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.

PGIM Co-Head and Global COO of Real Estate Cathy Marcus discusses how the AI data center boom is testing buildout limits, the 'serious' issue with housing supply in the US, and why we're seeing some office-to-housing conversion. She talks with Katie Greifeld and Romaine Bostick on "The Close."

Bloomberg's Stuart Paul said that a preview of prepared remarks from Trump's pick for Fed Chair Kevin Warsh show that he will focus mainly on the Fed's monetary independence in his confirmation hearing Tuesday. Paul described Warsh's view that the fed is responsible for all inflation, even if it is driven up by external forces, as 'shockingly hawkish' but explained that it could stem from the pressure he will face from the White House to deliver rate cuts.

QXO CEO Brad Jacobs explains why the company is acquiring insulation company TopBuild Corp. for about $17 billion on "Bloomberg The Close."

Bloomberg Intelligence's Jake Silverman joins Katie Greifeld, Scarlet Fu, and Eric Balchunas on "Bloomberg ETF IQ." The Roundhill Memory ETF (ticker: DRAM) has the most concentrated exposure to the three dominant memory stocks: SK Hynix, Micron, and Samsung. The ETF already has over $1 billion in assets since it's launch on April 2nd.

Although Chinese car brands are virtually nonexistent on US roads, that hasn't kept them from breaking through online, showing inflation-weary Americans what they're missing.