Chinese hardware technology stocks have been on a tear. The next challenge is showing the earnings to back it up.

Lingyi iTech Guangdong Co. a Chinese maker of electronic devices, is set to begin trading in Hong Kong on Friday after raising HK$8.3 billion ($1.06 billion) in a share sale, part of the city’s busiest month for listings this year.

The Trump administration has asked OpenAI to stagger the release of an upcoming powerful artificial intelligence model, according to a person familiar with the matter, nearly two weeks after rival Anthropic PBC suspended its most capable offerings from the market under regulatory pressure.

Elon Musk is expanding access to digital payment venture X Money to a subset of premium users on social network X, part of his bid to turn the platform into an “everything app.”

H.B. Fuller Co. agreed to acquire Advanced Medical Solutions Group Plc, a British maker of tissue-healing medical products, for £659 million ($870 million).

BHP Group’s incoming Chief Executive Officer Brandon Craig has announced changes to the company’s leadership team before he officially assumes the role on July 1.

Stocks in Asia were set for a mixed start on Friday after a volatile session on Wall Street, where renewed selling in megacap technology shares offset gains fueled by bullish reports from chipmakers.

Qatar has joined other Persian Gulf nations in reviving crude oil sales, with regional producers cranking up activity as peace talks between the US and Iran progress.

Oil held the bulk of a gain after a cargo ship was attacked in the Strait of Hormuz, renewing concerns about safe passage through the crucial waterway following a recent uptick in transits.

Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Citi Wealth Head of Portfolio Construction & Analytics Olaolu Aganga, Moderna CEO Stéphane Bancel, 248 Ventures Chief Investment Strategist Lindsey Bell, JPMorgan Asset Management Global Market Strategist Stephanie Aliaga, Fundstrat Global Advisors Head of Technical Strategy Mark Newton, Tenstorrent CEO Jim Keller, HB Fuller CEO Celeste Mastin. (Source: Bloomberg)