Market News

Tricolor Holdings founder Daniel Chu, who faces federal fraud charges related to the collapse of the subprime auto-loan firm, won court approval to use company insurance policies to pay for his defense costs, a judge ruled Wednesday.

Paul Singer’s Elliott Investment Management Inc. asked a judge to dismiss a lawsuit by a Texas private equity firm that claims “tens of millions of dollars” are being withheld after the sale of oil and gas assets.

Business leaders, labor groups and transit advocates are calling on the Trump administration to restore funding to a $16 billion rail tunnel that links New Jersey and Manhattan as work on the project is set to shut down on Friday absent federal dollars.

Colombia’s antitrust authority is pressing companies to disclose detailed information on profit margins and discount strategies, to address concern over possible price fixing in the wake of the country’s recent record minimum wage hike.

An oil exchange traded fund posted its biggest daily inflow since the pandemic as investors bet that prices will continue to rally as tensions between the US and Iran simmer.

Sullivan & Cromwell Global Head of M&A Melissa Sawyer tells Bloomberg that deal volume will be the key signal that M&A are truly coming back. She says renewed activity in the IPO market is an early indicator that private equity sponsors may soon feel confident enough to exit portfolio companies and recycle capital into new deals. Sawyer adds that a shift in tone from Washington has helped restore confidence among companies considering transactions. She joined the conversation on "Bloomberg Deals" with Dani Burger. (Source: Bloomberg)

Argentina, Guyana and Brazil remain poised to drive oil production growth in South America for years to come despite the US push for investment in Venezuela, Rystad Energy says.

Warner Bros. Discovery would consider a revised and higher takeover offer from Paramount Skydance, Andrew Nussbaum, a Warner Bros. legal adviser and partner at Wachtell Lipton Rosen & Katz, said on Bloomberg Deals with Dani Burger. Nussbaum also mentions that Netflix’s agreement to buy the studio and streaming assets of Warner Bros. offers “speed and certainty” for shareholders. (Source: Bloomberg)

The threat of artificial intelligence has hammered the debt of some software companies on concerns that their businesses could be upended.

Warner Bros. Discovery would consider a revised and higher takeover offer from Paramount Skydance, Andrew Nussbaum, a Warner Bros. legal adviser and partner at Wachtell Lipton Rosen & Katz, said on Bloomberg Deals with Dani Burger. Nussbaum also mentions that Netflix’s agreement to buy the studio and streaming assets of Warner Bros. offers “speed and certainty” for shareholders. (Source: Bloomberg)

A unit of Aon Plc agreed to settle a class-action lawsuit alleging that calculation errors and faulty investment advice caused Pennsylvania public school teachers to make millions of dollars in extra contributions to their pension fund.

Within the span of 19 hours, weight loss drugmakers Novo Nordisk A/S and Eli Lilly & Co. offered wildly divergent views on where business is headed. After Novo shocked the market by warning sales could decline by as much as 13% this year, Lilly followed with a surprise to the upside, forecasting an as much as 27% rise.

Dozens of refurbished condominiums are hitting the market in Malibu, California, marking the first new condo inventory in two decades in the anti‑development enclave favored by celebrities and the ultra-rich.

A weekly, midday program that delivers high-impact, editorially driven coverage of the most important corporate transactions shaping the global market. Today's guests: Brookfield CEO Bruce Flatt, Wachtell Lipton Executive Committee Co-Chair Andrew Nussbaum, Solomon Partners Head of Media and Entertainment Mark Boidman and Sullivan & Cromwell Global Head of M&A Melissa Sawyer. (Source: Bloomberg)

Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." AI fears shake markets—pressuring software, ads, and Wall Street. Pharma splits as Eli Lilly surges and Novo Nordisk warns of a drop. Dealmaking roars back. Wells Fargo’s Mike Mayo on bank consolidation, plus Meredith Whitney and MNTN CEO Mark Douglas on markets, AI, and Google. (Source: Bloomberg)

Shares of hair-restoration drug developer Veradermics Inc. soared 122% in the company’s trading debut after it raised $256.3 million in an initial public offering.

A brutal rout in software stocks has rattled investors across Wall Street, but it’s provided a boon to those betting against the group.

Hollywood’s biggest merger is under fire. Movie theaters warn fewer films, higher prices, and lost choice. Cinema United’s CEO Michael O'Leary joins Bloomberg Open Interest to explain why the possible Netflix, Warner Brothers deal could reshape movies forever. (Source: Bloomberg)

A vote Friday to allow advertisements on college sports uniforms opened a new revenue stream for athletic departments, as schools look to generate tens of millions of dollars to cover the rising costs of paying student athletes. Kevin White Former Vice President and Director of Athletics at Duke University and Bloomberg's Janet Lorin joins to discuss. (Source: Bloomberg)

Meta’s Reality Labs has tapped startup Auger to provide the operating system for its supply chain, a key test for the one-year-old firm founded by a former Amazon logistics chief Dave Clark. Clark joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)