Aerospace startup Northwood raises $375 million at a $2 billion valuation to expand its production and deployment of the ground infrastructure needed by the space industry. CEO Bridgit Mendler speaks with Bloomberg's Ed Ludlow on…
Ahead of its blockbuster public market debut, Anthropic revealed it plans to spend more than $895 billion in the years ahead. The Claude chatbot maker also disclosed that its quarterly revenue rose twelve-fold over from the prior year…
Former Representative from North Carolina Patrick McHenry said that there is a lot pressure on GOP incumbents to perform in their districts as voters feelings turn 'quite sour' on the Republican party leading into election day. McHenry…
— When Will We Know Who’s Won the Midterm Elections? — Yardeni Says Market Hasn’t Fully Priced a Blue Wave — Trump’s DOJ Turns to Supreme Court in California Ballot Case — Anthropic Revenue Surges Ahead of IPO — Marvell to Buy Lumentum in…
New York’s Medicaid spending is projected to rise to nearly $134 billion in the current fiscal year, about $45 billion more than the state spent five years ago, driven by an aging population, rising medical costs, and growing enrollment in…
Linda Ma, director, ETFs & financial products research at National Bank of Canada Capital Markets, joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." (Source: Bloomberg)
Harvard University won dismissal of a government lawsuit seeking detailed records on hundreds of thousands of applicants, dealing a setback to the Trump administration’s efforts to ensure that the school isn’t using race as a factor in…
Democratic Representative Haley Stevens of Michigan shocked her state when she endorsed Republican Mike Rogers for Senate, over Democratic nominee Abdul El-Sayed. Stevens lost to him in the state's primary. El-Sayed's campaign raised…
Dan Weiskopf, portfolio manager at Subversive ETF, joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." They discuss the Subversive Congressional Democrats Trading ETF (ticker: NANC). The fund invests primarily in equities that…
Qatalyst Partners, the boutique investment bank serving the tech industry, has just landed its biggest-ever deal after diverting from its normal focus on selling companies.
Paisley Nardini, head of investment strategy at Tema ETFs, joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." They discuss Anthropic's upcoming IPO and concentration risk. (Source: Bloomberg)
As development costs soar, studios face growing financial risks and fewer opportunities to experiment. Bloomberg Opinion columnist Gearoid Reidy says AI could make game development cheaper and help revive creativity across the industry…
John Cole Scott, president and & CIO of CEF Advisors, joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." Anthropic filed on Oct. 26 for an IPO that’s set to take place before Thanksgiving. Anthropic is seeking to meet or exceed the…
Timing is everything when you’re trying to pull off a mega-deal. And it’s hard to think of a worse moment for semiconductor designer Marvell Technology Inc. to unveil a takeover of laser specialist Lumentum Holdings Inc. at a $115 billion…
Prime Minister Mark Carney faces a wave of court challenges to his decision to fast-track a pipeline project under a legal mechanism his government devised to speed up construction of major infrastructure.
Many business empires have been built on the idea that a trusted name justifies charging considerably more than it costs to produce. But decades after “Made in China” became synonymous with shoddy workmanship, Chinese companies are…
Millennium Management is redeeming more than $1.5 billion of leveraged cash from two external hedge funds that the multistrategy investment firm backed last year.
Oracle Corp. is leading a charge of 17 companies rushing to sell bonds in the US high-grade market on Monday ahead of the US midterm elections, in the longest lineup since September.
Governor Gavin Newsom proposed expanding California’s film and television tax credit program from $750 million to at least $1 billion to lure more production back to Hollywood’s home state.
Traders expecting the US midterm elections to be a clearing event for stocks may find themselves coming up against an artificial intelligence “wall of worry” that keeps the market from moving higher, according to Wolfe Research.
In late 2020, a group of senior OpenAI employees unhappy with what they saw as the company’s failure to adequately prioritize AI ethics and safety left the firm to form Anthropic PBC. Just a few years later, the younger company has become…
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