Eyes wide open .........................................

 

Bloomberg Businessweek

Ryan Haskins; Photos: Getty (1); Figs (11)

This $2 Billion Company Dresses HBO’s The Pitt Cast and Real Doctors Too

A vestige of the direct-to-consumer retail boom, scrubs seller Figs has outlasted other aughts startups and continues to grow.

By Srinidhi Ragavendran and Audrey Wan 

More from this issue:

Marco Rubio Is Trump’s Unapologetic EmissaryWelcome to the Age of AI Crime and PunishmentWhere Spirit Airlines Goes When It Dies

Why Trump Wants to Cryptofy the Futures Markets

Round-the-clock trading in perpetual futures already dominated crypto. Now it’s spilling over into mainstream assets.

Donald Trump’s Shock Factor on the Global Stage Is Wearing Thin

World leaders got pretty much what they expected from the US president at the UN.

GLP-1 Users Are Furious After Employers Drop Insurance Benefits

Nearly half of large US companies covered the popular drugs last year, but that number is beginning to fall as they grapple with the medications’ high prices.

Bloomberg Originals

76:09

Can’t Look Away: The Case Against Social Media

4:20

The Zombie Office Apocalypse

11:42

Weekly Docs

How Budget AI Is Giving China an Edge

11:30

Short Docs

How High Speed Traders Made Billions in India

Markets

Odd LotsETFsCryptoDeals

Al Drago/Bloomberg

Fed Unveils More Stablecoin Plans as Regulators Embrace Crypto

Treasury Rout Threatens Popular EM Carry Trade as Citi Pulls Back

BlackRock’s Model-Portfolio Shuffles Show AI Bets Are Evolving

• Top Securities

• Market Indices

• Rates & Bonds

S&P 500

7,704.13

0.02%

Nasdaq

26,939.37

0.01%

B500

2,790.54

0.00%

US 10 Yr

5.20

0.00%

Crude Oil

94.95

3.03%

FTSE 100

10,679.99

0.24%

Gold

4,307.10

0.26%

Euro

1.14

0.03%

Pound/Dollar

1.32

0.15%

Current Time 0:25

Watch: Trump Welcomes Xi to the White House

Trump, Xi Push Fierce US-China AI Rivalry Into Spotlight

Donald Trump and Xi Jinping addressed their intense competition over artificial intelligence on Thursday during a summit aimed at keeping ties between the world’s largest economies on track.

Live

Trump Hosts China’s Xi With Trade, AI, Taiwan in Focus

Xi Presses Trump to ‘Oppose’ Taiwan Independence in Stark Call

White House Says Banned Media Outlets Allowed to Return

Two Pandas Will Arrive at Atlanta Zoo in a Few Days, Xi Says

Bond Selloff Deepens After 30-Year Yield Hits Highest Since 2004

The latest milestone notched in an extended bond selloff driven by inflation and fiscal concerns.

Markets Wrap

Stocks Waver as Oil Rally Triggers Bond Volatility

David Paul Morris/Bloomberg

A Trump-Backed US Diesel Export Ban Would Cut Prices, at Least Initially

A potential US ban on diesel exports would slash domestic prices for the fuel at the outset, but the effect is likely to be short-lived, according to executives, traders and analysts.

CO1

3.97%

CL1

2.97%

Related

US, Iran Said to Be Exploring Phased Deal to Open Hormuz

Senate Rejects Iran Resolution as Alarm Grows Over Gas Prices

Current Time 0:08

Watch: Milei Says Argentina Isn't Facing a Growth Problem

Milei Rejects Recession Talk, Says He’s ‘Calm’ About Reelection

He downplayed concerns about Argentina’s stalling economy, touting consistent annual growth.

Related

Cybertruck Fan Javier Milei Defends Argentines Buying Chinese Cars

Trump Backs Argentina’s Landmark LNG Project in Win for Milei

Bloomberg Opinion

The Workplace War Over Iced Coffee Reveals a Bigger Issue

By Beth Kowitt, Columnist 

Zuckerberg’s ‘Tamagotchi-Like’ AI Could Be Meta’s iPod Moment

By Dave Lee, Columnist

The White House Press Fight Shows How Tricky Free Speech Can Be

By Noah Feldman, Columnist

Don’t Blame California for Folding on Paramount

By Erika D. Smith, Columnist

Nick Oxford/Bloomberg

Private Equity’s Path to Riches Is Getting Harder to Follow

Dealmakers are missing out on big windfalls as buyout firms hold on to companies longer, leading some of them to reconsider their jobs.

Related

Morgan Stanley Rushes to Check Fallout After Deal List Leak

CFA First Level Pass Rate Rises to 43%, Above Decade Average

David Paul Morris/Bloomberg

Exclusive

Anthropic Strikes $12 Billion AI Computing Deal With Akamai

Akamai will supply Anthropic access to central processing units, or CPUs, a type of generalist chip that’s seen renewed demand in data centers where it’s helping support AI services.

Meta’s Best Month Since 2013 Has It on Cusp of $2 Trillion Level

Antranik Tavitian; Jordan Vonderhaar/Bloomberg

Texas Republicans Splinter as MAGA Candidates Test Party Limits

Republican Joe Straus spent 10 years as the speaker of the Texas House of Representatives. Now he’s the latest to join a chorus of GOP leaders voicing doubts about US Senate nominee Ken Paxton.

Texas Attorney General Probes Data Center Projects Over Water Usage

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