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Bloomberg

Private Aviation 'Immunized' from Fuel Cost Spikes, Says Wheels Up's George Mattson

George Mattson, CEO of private aviation company Wheels Up, said that his company is 'immunized' from the impact of fuel cost spikes because they are able to pass off surcharges to customers willing to pay a premium. Mattson discussed Delta's investment in the private sphere and said the airline company sees Wheels Up as an extension of its growing premium commercial strategy.

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Bloomberg

AI Chipmaker Cerebras Climbs 68% After Year's Biggest IPO

Cerebras Systems Inc. shares jumped 68% in its trading debut after raising $5.5 billion in the year's largest IPO, illustrating investors' surging appetite for artificial intelligence data centers and the chips running them. Shares of the Sunnyvale, California-based company pared earlier gains to close at $311.07 each on Thursday in New York, above the $185 IPO price, after being halted earlier for volatility. Cerebras' first-time share sale raised nearly 60% more than its target when it launched, and priced above a marketed range that was revised higher on Monday. Bloomberg's Ed Ludlow joins to discuss.

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Bloomberg

How Epstein Built His Sprawling Web of Influence

Jeffrey Epstein's emails, appointment books and message logs reveal how the disgraced financier built a sprawling web of rich, powerful and influential contacts. He was a relentless networker, regularly introducing his acquaintances to each other and treating those introductions like business deals always putting himself at the center of the transaction. Bloomberg's Lizzie Fournier joins to discuss.

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Bloomberg

China Renews Import Permits for US Beef Plants as Xi, Trump Meet

hina has renewed import licenses for hundreds of US beef plants, reviving trade in the meat as the leaders of the world's two biggest economies meet in Beijing to stabilize commercial and geopolitical relations. The permits were renewed on Thursday and are usually valid for five years, according to people with direct knowledge of the matter, who asked not to be named as they're not authorized to speak to media. Senator Steve Daines, Republican from Montana joins Balance of Power to discuss.

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