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The Magnificent Seven technology giants suffered their biggest one-day drop since the tariff tantrum in April 2025 on Thursday, with an index of the group falling 4.8% and wiping out $797 billion in market value. The selloff pushed the S&P 500 Index down 1.2%, while the tech-heavy Nasdaq 100 Index sank 1.9%. Bloomberg MLIV's Ven Ram breaks down the situation.

Hope of hostilities easing between the US and Iran are fading quickly with neither side backing down or saying it's time for new negotiations. The conflict also faces a fresh threat of escalation as Iran-backed Houthis claimed their first attack on commercial ships in recent months. Investors and central banks are now confronting the possibility that the attack could effectively close another maritime chokepoint vital to energy markets. The Opening Trade spoke to guests about what the rebound in oil prices could mean for companies as Europe stares down the barrel of dwindling gas supplies.

The US will collect duties of between 10% and 12.5% on imports from most major trading partners. The new levies follow an investigation into the alleged failure of around 60 economies to prevent forced labor in their supply chains to the detriment of American workers. The move aims to reconstruct President Donald Trump's tariff wall that was pierced by the Supreme Court. Bloomberg's Rosalind Mathieson reports.

Cambodian Deputy Prime Minister Sun Chanthol says his government is pleased with the 10 percent duty currently imposed by the United States on imports from Cambodia. He speaks with Avril Hong from Phnom Penh on "Insight with Haslinda Amin."

Dangote Group's Mariya Dangote confirms that the conglomerate is preparing for a secondary listing targeting London by the end of the year, while Fatima Dangote says the refinery business shows how Africa can execute mega projects.

Nobuo Tanaka, Former Director at the International Energy Agency, discusses his views on mass adoption for nuclear energy, as countries look for alternative sources to fuel surging demand from economies, and technology like AI. He speaks with Shery Ahn on "Bloomberg Tech Asia".

Ratu Mataira, Founder and CEO of New Zealand government backed startup, OpenStar Technologies, discusses the company's business outlook and growth strategy, as he aims to scale up the technology to commercialisation by the 2030s. He speaks with Shery Ahn on "Bloomberg Tech Asia".

MannKind (NASDAQ:MNKD) received FDA approval for Furoscix ReadyFlow, an 80 mg/mL autoinjector treating edema in adults with heart or kidney disease.

Intel delivered a blockbuster quarter and strong forecast fueled by soaring CPU and data center growth. The record demand is driving the company to raise its CapEx past $20 billion, with CEO Lip-Bu Tan telling Bloomberg Tech's Ed Ludlow that current supply still can't keep up.

The US will collect duties of between 10% and 12.5% on imports from most major trading partners after President Donald Trump's tariff wall was struck down by the Supreme Court. Bloomberg's Jon Herskovitz and Chris Kennedy discuss.

The US administration has imposed a 12.5% import tariff on Australian products following a Section 301 trade investigation.

Shares of Huntington Bancshares were under pressure after the regional bank's second quarter earnings, specifically net interest margin, failed to meet expectations. CFO Zach Wasserman says that despite this, the bank's consumer base is still operating normally, with mass affluent customers maintaining spending and demand. Wasserman also weighs in on the current interest rate environment and Federal Reserve rate path, expecting a higher-for-longer regime. He speaks with Carol Massar, Tim Stenovec, and Bloomberg News CFO Briefing Editor Nina Trentmann on Bloomberg Businessweek Daily.