Market News
- Novo CEO Says No Intention to Lower Wegovy Prices Further
on May 6, 2026 at 10:02 amNovo Nordisk CEO Mike Doustdar discusses the drugmaker's Wegovy obesity pill which fueled sales in the first quarter. Novo is "very optimistic" on the medication despite competition from Eli Lilly, Doustdar tells Bloomberg Television, and the firm doesn't anticipate any price reductions. (Source: Bloomberg)
- Gilt Yields Unlikely to Rise Further, BNP Paribas Says
on May 6, 2026 at 9:46 amSam Lynton-Brown, head of global macro strategy at BNP Paribas Markets 360, discusses the economic situation in the United Kingdom. Speaking on Bloomberg Television, he says BNP is not expecting UK long-term borrowing costs to go higher following the yield on 30-year gilts' jump to 5.78% earlier in the week. "We think that's actually one of the DM bond markets that should be a little bit more insulated given how cheap valuations already are," Lynton-Brown says. (Source: Bloomberg)
- US Oil Storage Tanks to Run Empty Around July 4, Currie Says
on May 6, 2026 at 9:41 amCarlyle Senior Advisor Jeff Currie discusses the ongoing disruption in oil markets, saying storage tanks will run empty in Europe "sometime in the month of May" and in the US "somewhere in that July 4th period." Speaking on Bloomberg Television, Currie also says that even if the Strait of Hormuz standoff were to be resolved now, "you're talking three-plus months to even start to get even a resemblance of this stuff beginning to flow." (Source: Bloomberg)
- Up 75% Already in 2026, Korea’s Stock Market Is Hotter Than Ever
by Sangmi Cha on May 6, 2026 at 9:40 amSouth Korean stocks are on the cusp of surpassing last year’s world-beating 76% gain, even though 2026 is less than five months old.
- Samsung Hits $1 Trillion Valuation
Samsung Electronics reached a $1 trillion market valuation, driven by the AI boom. This makes it […]
- Dollar Hits Lowest Since War Started on Report End Is Near
The dollar extended a decline, erasing its gains since the start of the war in the Middle East, […]
- Oil Slumps After Report US and Iran Near Deal to End War
Oil slumped for a second day after Axios reported that the US and Iran are getting close to a […]
- Adnoc Appears to Export Second LNG Shipment Through Hormuz
Abu Dhabi National Oil Co. appears to have been able to export a second liquefied natural gas […]
- BNP Banker Fired Over Bullying Allegations Loses His $2 Million Payout
A senior BNP Paribas SA banker who was fired for allegedly bullying his subordinates on the trading […]
- Stocks Rally, Oil Falls as Iran Deal Hopes Mount: Markets Wrap
Stocks rallied, led by technology companies, while oil prices and bond yields fell on optimism that […]
- Gold Jumps to One-Week High on Iran War Optimism, Weaker Dollar
Gold extended gains to a one-week high amid optimism that the US and Iran are getting close to an […]
- Indonesia Tightens Rule on FX Purchases After Rupiah Hit New Record Low
Indonesia further tightened rules on dollar purchases to support the beleaguered rupiah after the […]
political news
- A Fight Over Dirt in Utah Hints at the Future of America’s Public Lands
by Laura Bliss, Bobby Magill on May 6, 2026 at 10:00 amAs the Trump administration prepares to move the US Forest Service to Utah, it’s been opening the door for unprecedented control by state and local governments—and use by industry.
- Lula’s Election-Year Encounter With Trump Carries Risks
by Daniel Carvalho on May 6, 2026 at 9:59 amTensions over Venezuela and the Iran war have prompted the Brazilian leader to speak out more openly against Trump.
- US Boosts Diplomatic Efforts to End Iran War as Trump Pauses ‘Project Freedom’
on May 6, 2026 at 9:50 amThe US believes an agreement with Iran to end the near 10-week war is close, Axios reported, with Washington and Tehran working on a one-page memorandum of understanding that would set a framework for more detailed nuclear negotiations. Onur Ant reports on Bloomberg Television. (Source: Bloomberg)
- Greens’ Polanski Says Economic Plan Would Bring Down UK Debt
by Brendan Scott, Fran Wang on May 6, 2026 at 9:41 amThe Green Party is seeking to reduce the UK’s borrowing costs by tackling the climate crisis and reducing inequality, its leader Zack Polanski said a day before England-wide local elections at which his party is predicted to make strong gains.
- US Boosts Efforts to End Iran War as Trump Suspends Hormuz Plan
by Jennifer A Dlouhy, Omar Tamo on May 6, 2026 at 9:22 amThe US believes it’s close to an agreement with Iran to end the near 10-week war, Axios reported, as China added its voice to global diplomatic pressure to wrap up the conflict.
- Trump Pauses Plan to Guide Ships While Seeking Iran Deal
President Donald Trump said he would pause an effort to help stranded ships exit the Strait of […]
- Trump Ally Ramaswamy, Democrat Brown Win Primaries in Ohio
Voters in Ohio handily backed former presidential candidate Vivek Ramaswamy’s bid to be the […]
- Iran Foreign Minister Heads to China
Iran’s Foreign Minister Abbas Araghchi is traveling to Beijing for talks, marking the […]
- US Unveiled Plan to Reopen Hormuz Hours Before Trump Shelved It
Top US officials spent Monday and Tuesday offering new details on the role the US military will […]
- Australia, Fiji Agree New Security Treaty With Eye on China
Australia and Fiji have agreed on a new security and political deal, as Canberra looks to shore up […]
Wealth
- Lender Accused of Duping Billionaire Charged With Fraud
by Marcelo Rochabrun on May 5, 2026 at 9:14 pmA man who once lent more than $100 million to Mexican billionaire Ricardo Salinas before the business magnate accused him of theft has been charged with fraud by US prosecutors.
- Mauritius Targets 100 Wealthy Individuals a Year With Golden Visa Plan
by Kamlesh Bhuckory on May 5, 2026 at 3:30 pmMauritius expects to attract 100 high-net-worth-individuals a year through its golden visa program aimed at encouraging foreign investment and raising funds.
- Russia Court Orders State Seizure of Agriculture Tycoon’s Empire, RBC Says
by Dale Crofts on May 5, 2026 at 3:25 pmA Moscow court ordered the nationalization of billionaire Vadim Moshkovich’s stake in agricultural business Ros Agro Plc after prosecutors filed an anti-corruption lawsuit against him, according to local media outlet RBC.
- Get British Savers Investing - Bring Back Perks
by John Stepek on May 5, 2026 at 1:05 pmResearch suggests that offering perks can be good for share prices too.
- TCW's Koch Warns Private Credit's 'Easy Days' Are Over
on May 5, 2026 at 12:30 pm
Tech & Innovation
- Saudi Venture Firms Press Ahead With Fundraising Despite War
by Yassmin Jabri on May 6, 2026 at 10:00 amSaudi Arabian venture capital firms are pressing ahead with fundraising and deployment as they navigate disruptions from the regional conflict.
- SpaceX Proposes $55 Billion to Begin Terafab Project in Texas
by Debby Wu on May 6, 2026 at 9:55 amElon Musk’s SpaceX is proposing to spend $55 billion to begin construction of a new semiconductor production facility in Texas, taking steps toward realizing an ambitious project he’s dubbed Terafab.
- 'Project Freedom' Pause, Stocks Rally as AI Spend Drives Tech | The Opening Trade 5/6/2026
on May 6, 2026 at 9:44 amTechnology stocks are driving rallies in global equities as a wave of blockbuster earnings and deals highlights the relentless pace of investment in artificial intelligence. Investors’ optimism was also buoyed by US President Donald Trump touting “Great Progress” toward a final peace deal with Iran. At a time when crude flows through the Strait of Hormuz remain at a near standstill, Brent slid on expectations that a settlement may be near. Bond yields fell in the US and Europe, while the dollar retreated against all major peers. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)
- Thailand Clears $29 Billion Investments Led by TikTok Project
by Anuchit Nguyen on May 6, 2026 at 9:00 amThailand approved 958 billion baht ($29 billion) of investment projects, led by TikTok System (Thailand) Co.’s planned expansion of data infrastructure as the country pushes to become a regional hub for artificial intelligence and cloud services.
- AI Is Pushing Chipmaking to Its Limits
on May 6, 2026 at 8:00 amSemiconductors power modern technology, from AI to everyday devices. Now, global tensions and rising demand are forcing the chip supply chain to adapt. (Source: Bloomberg)
