Transocean Ltd. is in discussions to merge with rival offshore drilling contractor Seadrill Ltd. This move comes as oil explorers globally ramp up their activities in offshore drilling. Sources close to the matter have confirmed the talks.
Bloomberg's Romaine Bostick, Scarlet Fu, and Tim Stenovec provided comprehensive coverage of the U.S. market close today. They analyzed the key market movements and trends, offering insights into the economic factors influencing investor sentiment. Katie Greifeld contributed with updates on significant stocks and sectors making headlines. Tune in for in-depth discussions on Bloomberg Television, Bloomberg Radio, and YouTube.
The U.S. has urged its Group of Seven allies to think about imposing sanctions on Russian palladium and titanium, according to a source. This move comes as the Biden administration explores new strategies to pressure President Putin and his military efforts.
DC Fintech founder Chris Brummer, who also serves as the director of Georgetown's Economic Law Faculty, emphasized the importance of fintech companies making their case to lawmakers in Washington, D.C. He believes that for fintech to become mainstream, it needs to effectively communicate its benefits and address regulatory concerns. Brummer shared these insights during an interview with Sonali Basak and Tim Stenovec on "Bloomberg Crypto."
Arm is planning to end its chip licensing agreement with Qualcomm, a move that could disrupt some smartphone supply chains. Stacy Rasgon, a senior analyst at Bernstein Research, discussed the implications of this decision with Ed Ludlow on "Bloomberg Technology."
Siemens AG is in discussions to acquire software maker Altair Engineering Inc., according to sources close to the matter. If finalized, this deal could become one of Siemens' largest acquisitions to date.
Former FDIC Chair and Cravath, Swaine & Moore Partner Jelena McWilliams spoke on "Bloomberg Crypto," discussing cryptocurrency-based prediction markets in the context of the US election. She noted that while these markets can provide insights, most predictions tend to be flawed in some way. McWilliams shared her perspectives in a conversation with Sonali Basak and Tim Stenovec.
Cox Abg Group SA plans to price its initial public offering next month. They are currently waiting for approval from the Spanish securities regulator to move forward with the share sale, according to sources.
The dollar is set for its best month since 2022. Traders are adjusting their expectations for Federal Reserve actions and gearing up for a presidential election that could shake up the macro markets.
At the DC Fintech Week conference in Washington, Adrienne Harris, Superintendent of the New York Department of Financial Services, discussed the evolving landscape of financial technology. In her conversation with Bloomberg’s Sonali Basak and Tim Stenovec, she emphasized the importance of regulatory frameworks that adapt to innovation while ensuring consumer protection. Harris highlighted collaboration between regulators and fintech companies as crucial for fostering a safe and competitive market. The Superintendent also touched on the need for ongoing dialogue to address emerging challenges in the fintech space.
