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."
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.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Isabelle Lee, Carol Massar and Emily Graffeo.
A.J. Rohde, senior partner at Thoma Bravo, joins Dani Burger on "Bloomberg Deals." They discuss how Thoma Bravo has kept up an intense pace of dealmaking closing three deals in six weeks. The most recent example is Thoma Bravo's more than $4 billion take-private of Accelerant, the insurance risk exchange, earlier this month. (Corrects spelling of Rohde)
Jaguar Health (NASDAQ:JAGX) reported second-quarter 2026 net revenue of $1.2 million, down 59% year over year, following the U.S. commercialization transfer of Mytesi and Canalevia-CA1 to Future Pak affiliate Woodward Specialty.
Desiree Carlo, senior vice president, client services at Laurel Hill, Christian Nagler, partner, capital markets at Kirkland & Ellis, and Betsy Cohen, chairman and co-founder at Cohen Circle, join Dani Burger on "Bloomberg Deals." They discuss the uptick in the number of SPAC deals.
BILL Holdings (NYSE:BILL) reported fiscal 2026 total revenue of $1.7 billion, up 13% year over year, while core revenue increased 16% to $1.5 billion.
President Donald Trump says when the country does well economically, interest rates should come down, but he says they go up. He says the system is unfair. He speaks at the White House.
SpaceX approached Cognition AI Inc. about a potential acquisition to gain ground in the AI race, according to people familiar with the matter. Ed Ludlow has more on "Bloomberg The Close."
Estée Lauder Cos. Chief Executive Officer Stéphane de La Faverie says the company is expanding margin and has great momentum going forward. The beauty and makeup giant reported revenue and earnings for the fiscal fourth quarter that topped estimates. He speaks on "Bloomberg The Close."
Bloomberg's Ryan Gould joins Dani Burger on "Bloomberg Deals." Copart is in talks to acquire CCC Intelligent Solutions Holdings Inc., the car-insurance software provider that has been weighing selling itself, according to people familiar with the matter.
Bloomberg's Anthony Hughes joins Dani Burger on "Bloomberg Deals." Anthropic is on track to generate annualized revenue of more than $65 billion based on its current performance, according to people familiar with the matter, up more than sevenfold from its pace at the end of last year.
