,...World’s Rich Boost Conflict-Economy Bets Amid Asset Swings,...How Ketamine Spawned a $1.7 Billion J&J Blockbuster Drug,..FedEx, UPS Shares Sink on ‘Watershed’ Amazon Logistics Move

         

Amirhosein Khorgooi/ISNA/AP Photo

U.S. and Iran Trade Fire in Gulf, Shaking Four-Week Ceasefire

The US military fought off attacks from Iranian drones, missiles and armed small boats as it facilitated the passage of two US-flagged vessels through the Strait of Hormuz, Central Command said.

CO1

5.38%

CL1

3.28%

Markets Wrap

Stocks Fall, Oil Rises on Hormuz Tension Flare-Up

US Has Opened a Passage Through Hormuz, Central Command Says

Bessent Calls on China, Allies to Join US Operation in Hormuz

US Denies Iran Report That Naval Ship Was Hit by Missiles

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Paranoia, Turmoil and Backlash: Inside the FDA Under Marty Makary

Insiders say one more high-profile misstep could put the commissioner’s job in jeopardy.

Earlier

US Senator Investigates FDA Over Rare-Disease Drug Denials

FDA Push for Fake Brain Surgery Trial Spurs Ethical Concerns

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Watch: Shipping Security in Hormuz Is a Concern, Chevron CEO Says

Milken Live

Chevron CEO Warns of Tightening Global Oil Supplies

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Thoma Bravo is closely watching for any “motivated selling” among business-development companies that have been beset by a wave of

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As the turmoil in the $1.8 trillion private credit market raises questions about whether retail investors who fueled its growth ac

The AI Race

The Iran War and AIAltman Versus MuskGemini Mac App

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Brockman Says His Stake in OpenAI Worth Nearly $30 Billion

AI Boom to Add Hidden Extra Cost to Northeast US Power Bills

Blackstone’s Jon Gray Sees AI Creating ‘Huge Boom’ in Blue Collar Jobs

Bloomberg Opinion

Spirit May Be Gone, But Flyers Still Need a Low-Cost Airline

By Thomas Black, Columnist 

 

 

 

 

 

 

 

Johnson’s Grip Is Slipping. So Is the GOP’s Majority

By David M. Drucker, Columnist

Dress Codes Are No Way to Fix What Is Broken

By Beth Kowitt, Columnist

Warren Buffett Can’t Bequeath Abel Patient Investors

By Jonathan Levin, Columnist

GameStop

 

 

 

 

 

 

GameStop's Cohen Sees New Target and Big Possible Payday in eBay

The CEO who helped define the meme-stock era has proposed a brash, unsolicited $56 billion offer for the online commerce company.

EBAY

4.98%

GME

10.34%

GameStop’s ‘Highly Confident’ $20 Billion TD Letter Echoes Drexel

FedEx, UPS Shares Sink on ‘Watershed’ Amazon Logistics Move

Amazon announced expanded logistics offerings that will turn it into a major competitor for parcel carriers and air freight companies, and also impact truckers and third-party brokers.

AMZN

1.23%

Amazon Shipping Services Repackage Sparks UPS, FedEx Selloff

Retirement

How to Retire RichThe $1 Million ProblemMaximizing a Roth IRA

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The Big Take

Trillions in Retirement Dollars Flow Into Opaque Trusts

A little-talked about investment product is taking over the 401(k) world, and offering asset managers a way to increase exposure to private markets.

Bloomberg Originals

11:44

Weekly Docs

How a Secretive Trading Empire Is Taking Over Wall Street

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How Ketamine Spawned a $1.7 Billion J&J Blockbuster Drug

24:01

The Deal with Alex Rodriguez and Jason Kelly

How NFL Legend Steve Young Built a $10 Billion Fund

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Bloomberg Primer

The Race to Merge AI With Humanoid Robots

Space

SpaceX Tapped for Industry Group Developing Golden Dome Software

Canada Unveils Space-Launch Bill Aimed at Cutting Reliance on US

NASA’s New Space Suits May Not Be Ready by 2028 Moon Landing

AST Drops as Blue Origin Rocket Places Satellite in Wrong Orbit

Technology

AICybersecurityScreentime

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Thoma Bravo Is Combing Every BDC Book for Software Loan Bargains

Khosla Warns Software Pain Will ‘Taint Everything’ Across Credit

Euro Finance Chiefs Want Mythos Access to Prepare Defenses

Newsletter: Power On

Apple Signals New CEO Ternus Will Invest Cash Differently Than Cook

Newsletter: Tech In Depth

Musk Sketches Apocalyptic Vision in Bid to Block OpenAI’s Transition

Wealth

Apollo’s Zito Calls Credit Safer Bet in High-Volatility Times

Blackstone Data Center REIT Seeks to Raise $1.75 Billion in IPO

RBC Is Launching a Public Debt Fund as Retail Investors Flee Private Credit

World’s Rich Boost Conflict-Economy Bets Amid Asset Swings

Politics

UKEuropeMiddle EastAsia

Anna Moneymaker/Getty Images

White House Eyes Vetting AI Models Before Release, NY Times Says 

 

 

Russia Warns Ukraine of Retaliation If May 9 Parade Targeted

Judge ‘Disturbed’ by Alleged Gala Shooter’s Jail Conditions

 

Former NYC Mayor Giuliani in Critical Condition, Trump Says 

 

China’s Unprecedented Defiance of US Sanctions Triggers S