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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, discusses Anthropic. Anthropic PBC has received offers from investors for a new round of funding that could value the company at about $800 billion or higher. The offers would more than double the $350 billion pre-money valuation Anthropic attached to its $30 billion fundraising in February. Anthropic has so far resisted the offers, and it's not clear if the company will accept investors' terms or raise money at an $800 billion value.

- Andrea Felsted, Bloomberg Opinion Columnist, discusses Hermès. Hermès shares tumbled as much as 14% as the disruption from the conflict in the Middle East dented the company’s sales growth. growth. Sales rose 5.6% at constant exchange rates in the first quarter, which was less than the 7.44% gain analysts had expected.

-- Steve Man, Bloomberg Intelligence Global Autos and Industrials Research Analyst, discusses Stellantis. Stellantis NV is discussing reviving a partnership with Dongfeng Motor Corp. that would involve joint car production in Europe and China. The companies are in talks about giving Dongfeng access to underused Stellantis factories in Europe, with Dongfeng possibly making cars from selected Stellantis brands in China.

-Herman Chan, Senior Analyst, US Banks for Bloomberg Intelligence, discusses U.S bank earnings. Bank of America Corp.'s stock-trading desk set a record, riding a wave of volatility that helped push the bank's earnings to the highest in nearly two decades. Morgan Stanley's stock traders had a record-breaking first quarter, with $5.15 billion from equity trading in the first three months of the year. PNC Financial Services Group Inc.'s $4.1 billion acquisition of FirstBank Holding Co. helped drive its revenue higher in the first quarter while impacting credit quality.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

- Michelle Davis, Bloomberg News Senior Deals Reporter, discusses Amazon.com agreeing to acquire satellite operator Globalstar in a roughly $11.6 billion deal to expand the services of its satellite system.

-- Sid Philip, Bloomberg Chief Correspondent for Global Aviation, discusses United Airlines Chief Executive Officer Scott Kirby floating a possible combination with American Airlines, which would face intense scrutiny due to antitrust concerns.

- Craig Trudell, Bloomberg Global Autos Editor, discusses Lucid Group naming Silvio Napoli as its new chief executive officer and announced $750 million of fresh investment from its two biggest backers.

-Herman Chan, Senior Analyst, US Banks for Bloomberg Intelligence, discusses U.S bank earnings. Wall Street banks reported at least $100 billion of exposure to private-credit firms, an industry with many investors on edge over credit quality and the growing impact of artificial intelligence.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

***Broadcasting Live from the New Jersey Institute of Technology***

-- Bailey Lipschultz, Bloomberg News Senior Equities Reporter, discusses Bill Ackman kicking off formal marketing for the US initial public offering of his closed-end fund and his hedge fund. The IPO for Pershing Square USA Ltd. is expected to price on April 28, and could raise as much as $10 billion, according to a statement.

-Neil Sipes, Bloomberg Intelligence Financials Analyst, discusses earnings from Goldman Sachs. Goldman Sachs Group Inc. shares fell after the bank reported a surprise drop in bond-trading revenue, with fixed-income, currency and commodities revenue of $4.01 billion for the first quarter.

-Cassie Hallberg, CEO of NJIT-backed startup PureTrace Labs, discusses PureTrace Labs. The company is commercializing the technology of NJIT professor Hao Chen to dramatically speed PFAS testing turnaround and reduce cost. The technology is Paper Spray MS (PS-MS) and Desalting Paper Spray MS (DPS-MS) for rapid PFAS screening across water, soil, and packaging. (MS stands for mass spectrometry.)

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Bloomberg Intelligence hosted by Paul Sweeney and Alexandra Semenova

-Katherine Chiglinsky, Bloomberg US Finance Team Leader, discusses Treasury Secretary Scott Bessent and Fed Chair Jay Powell summoning Wall Street leaders to an urgent meeting on concerns that the latest AI model from Anthropic PBC will usher in an era of greater cyber risk.

- Poonam Goyal, Senior U.S. E-Commerce and Retail Analyst at Bloomberg Intelligence, discusses the latest on Nike’s recovery.
According to Bloomberg Intelligence: Nike’s turnaround is taking longer than initially expected though it's coming into clearer focus, with momentum building in North America and a defined roadmap for China.

-Steve Man, Bloomberg Intelligence Global Autos and Industrials Analyst, discusses how the auto industry is being impacted by the Iran war. According to Bloomberg Intelligence: The Iran war could add as much as $385 per vehicle in aluminum-related cost pressure, though that impact alone is manageable.EV makers such as Tesla, Rivian and Lucid face greater exposure than GM and Ford because battery electric vehicles use 50-75% more aluminum.

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Bloomberg Intelligence hosted by Paul Sweeney and Isabelle Lee

-Randall Williams, Bloomberg Business of Sports Reporter, discusses news that the US Justice Department has opened an investigation into whether the National Football League is engaging in anticompetitive tactics that drive up the cost for consumers of watching games. That’s according to a person familiar with the matter. The Wall Street Journal reported earlier on the opening of the investigation.

-Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, discusses recent news of the DOJ’s NFL probe. She also discusses a recent report that Walt Disney is planning job cuts under its’ new CEO.

-Anurag Rana, Bloomberg Intelligence Technology Analyst, discusses Amazon CEO Andy Jassy’s letter to shareholders. He also discusses CoreWeave striking a $21 billion deal to supply computing power to Meta Platforms through 2032.

-Redd Brown, Bloomberg Consumer Reporter, discusses earnings from Constellation Brands. Constellation Brands projected slower-than-expected growth for its beer business this year, renewing concern that declines in alcohol consumption have yet to hit their floor.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, discusses earnings from Delta Airlines. Delta Air Lines expects to incur more than $2 billion in higher fuel costs through June because of the Iran war. The increase in fuel prices is forcing carriers to weigh how much of the higher expense they can pass on through fares without dampening bookings.

-Mary Ross Gilbert, Bloomberg Intelligence, Senior Equity Analyst, Covering Retail, discusses earnings from Levi Strauss. Levi Strauss & Co. raised its projections for the year after reporting better-than-expected quarterly results, citing strong demand in all regions.

-Max Chafkin, Bloomberg Businessweek Senior Reporter, discusses SpaceX’s planned IPO. Elon Musk is racing toward an initial public offering for SpaceX that could value it at around $2 trillion, despite the company's core business not changing much. Musk's attempt to capitalize on AI-related hype has led to a significant increase in SpaceX's valuation, with the company's revenue "approaching $20 billion" and its satellite internet service provider Starlink growing.

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Bloomberg Intelligence hosted by Paul Sweeney, Emily Graffeo, and Alexis Christoforous

-Matthew Bloxham, Bloomberg Intelligence Senior and Tech Analyst, discusses Bill Ackman's investment firm Pershing Square Capital Management pitching a deal to combine Universal Music Group with an acquisition vehicle publicly traded in the US.

-Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, discusses the latest on Broadcom. Anthropic confirmed plans to work with Broadcom and Google to power its operations.

-Sam Fazeli, Bloomberg Intelligence, Director of Research for Global Industries and Senior Pharmaceuticals Analyst, discusses the latest in the biotech sector. Gilead Sciences agreed to buy private German biotech Tubulis GmbH in a deal worth up to $5 billion to boost its portfolio in cancer drug development. Novo Nordisk will price its new high-dose Wegovy shot at $399 a month for cash-pay patients, undercutting the cost of most doses of rival Eli Lilly & Co.’s Zepbound.

-Lloyd Arnold, BNEF Data Center Reporter, discusses data centers. The digital infrastructure boom is continuing apace despite jitters in equity markets and fears of a “bubble”. The capital expenditure of the 14 largest publicly owned data center operators globally is seen close to $750 billion this year against a little less than $450 billion last year.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-- Tim Craighead, Bloomberg Intelligence Global Chief Content Officer, discusses 10 companies to watch right now in 2Q. Bloomberg Intelligence analysts have identified the most interesting names from their group of high-confidence Focus Ideas. Spanning sectors and regions, each scenario outlines a catalyst in the next few months.

- Youkyung Lee, Bloomberg Asia Stocks Reporter, discusses Micron Technology. Micron Technology is facing challenges in the stock market, with its shares down nearly 20% since hitting a high three weeks ago due to concerns about the memory sector and uncertainty in the broader market.

-Anurag Rana, Bloomberg Intelligence Technology Analyst, discusses Apple and how the company could boost its AI standing with the revamp of its Siri virtual assistant in June. Anurag also discusses Oracle naming Hilary Maxson as CFO, effective April 6th.

-Katherine Chiglinsky, Bloomberg US Finance Team Leader, discusses JPMorgan Chase CEO Jamie Dimon’s letter to shareholders Monday, saying the US needs to “get stronger” in order to maintain its military and economic might.

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