Stocks Hit by AI and War Jitters as Oil Tops $100: Markets Wrap
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(Bloomberg) — A surge in oil spurred by the escalating Iran war sent stocks and bonds lower, with Wall Street also rattled by renewed concerns over whether massive artificial-intelligence investments will pay off.
Kuehne+Nagel Weighs Options For Apex Logistics Unit
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(Bloomberg) — Kuehne+Nagel International AG is considering strategic options for its Apex Logistics unit, an Asia-focused freight forwarder, people with knowledge of the matter said.
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(Bloomberg) — Nestle SA reported weaker volumes in North America, disappointing shareholders betting on a turnaround under Chief Executive Officer Philipp Navratil and sending shares tumbling.
Stocks Churn Late as Big-Tech Earnings Kick Off: Markets Wrap
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(Bloomberg) — Wall Street traders sent stocks wavering in late hours as they sifted through results from megacaps for clues on whether their massive artificial-intelligence investments are paying off.
Trump’s 100% Generic Drug Duty Threatens US Low-Cost Supply
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(Bloomberg) — Generic drug manufacturers must move production to the US or face a 100% import duty from August 2028, President Donald Trump said, threatening the supply of low-cost medicines that millions of Americans rely on.
AI Borrowers Are Pushing a Niche Credit Market to Its Limits
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(Bloomberg) — Data center developer PolarDC Group Ltd. discovered an unlikely source of cash for its AI ambitions back in May: the Nordic high-yield bond market.
PIDG to Launch $100 Million Guarantee Firms Across India, Africa, Vietnam
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(Bloomberg) — The Private Infrastructure Development Group, which is owned by some of the world’s richest countries, aims to set up local currency guarantee firms across Africa and Asia with a combination of equity and callable capital.
Stocks Climb as Rebound in Chipmakers Gathers Pace: Markets Wrap
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(Bloomberg) — Wall Street staged a comeback as dip buyers emerged, boosting stocks amid a rally in chipmakers on bets the artificial-intelligence trade that’s powered the bull market has more room to run.
Novartis Profit Beats Estimates, Pointing to Growth
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(Bloomberg) — Novartis AG reported higher-than-expected profit last quarter as newer cancer medicines offset the aging blockbuster Entresto’s loss of sales to generic rivals.
Stocks, Bonds Fall as US-Iran Risks Whipsaw Oil: Markets Wrap
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(Bloomberg) — A renewed bout of oil volatility sent stocks lower, with concerns about an escalation in Middle East hostilities outweighing attempts to bring about a pause in the war.
Samsung Biologics to Buy PolyPeptide in $1.8 Billion Deal
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(Bloomberg) — Samsung Biologics Co. agreed to acquire Switzerland’s PolyPeptide Group AG in an all-cash deal that values the contract drugmaker’s equity at about 1.46 billion Swiss francs ($1.8 billion), expanding its manufacturing capabilities.
Partners Group Raises $15 Billion for New Infrastructure Vehicle
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(Bloomberg) — Partners Group Holding AG raised more than $15 billion of new commitments for its direct infrastructure strategy, a win for the Swiss firm as it’s grappled with heightened redemption requests across some funds in recent months.
Spain Clinches Second World Cup Title in 1-0 Win Over Argentina
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(Bloomberg) — Spain won its second World Cup title, defeating Lionel Messi’s Argentina 1-0 thanks to substitute Ferran Torres’ strike in extra time before a sold-out crowd in New Jersey.
Clash of Titans to Cap World Cup Hailed as NYC Economic Win
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(Bloomberg) — Lionel Messi’s Argentina will face off against European champions Spain in the World Cup final in New Jersey on Sunday, a match that wraps up a tournament that shattered attendance records and has been hailed as a major economic victory for the region.
Chip Stocks Slide Into Bear Market in AI Unwind: Markets Wrap
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(Bloomberg) — A selloff in chipmakers gathered pace, driving the high-profile group of stocks to a bear market on worries that the artificial-intelligence spending spree is becoming harder to justify.
Chip Stocks Get Hit as AI Spending Anxiety Builds: Markets Wrap
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(Bloomberg) — A selloff in chipmakers dragged down stocks amid concerns over whether massive artificial-intelligence investments will justify lofty valuations, with a resurgence in geopolitical risks also weighing on sentiment.
Partners Group Slumps as Popular Funds Weigh on Asset Growth
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(Bloomberg) — Partners Group Holding AG shares slumped after the Swiss manager of private equity and credit funds said client redemptions from its popular evergreen vehicles weighed on growth in the first half.
SNB Saw No ‘Immediate’ Need to Respond to Inflation Risks
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(Bloomberg) — Swiss National Bank officials determined last month that risks to inflation have increased, but they still didn’t deem it necessary to respond for now.
ABB Buys UK’s Rotork in $5.5 Billion Deal for Automation Boost
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(Bloomberg) — ABB Ltd. agreed to buy British industrial components company Rotork Plc for an enterprise value of around $5.5 billion to expand its electrification and automation businesses.
Greer Praises Swiss Investments as US Weighs Tariff Decision
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(Bloomberg) — Trade Representative Jamieson Greer offered praise for Switzerland’s stance in trade negotiations and its investments in the US, a positive sign for the European nation as it looks to secure a 15% tariff and avoid further confrontation with President Donald Trump.
