Jensen Huang speaks to reporters in Taipei about the high potential of South Korean tech companies. He speaks as Nvidia enters the PC market with a new chip aimed at loosening the stranglehold of Intel technology in that arena. (Source: Bloomberg)

It’s been a source of intrigue and confusion among currency traders for years. Just how does China decide each day where it’s going to set its fixing rate for the yuan — a reference point that determines its permitted trading range for the next session?

Google parent Alphabet Inc. is raising $80 billion through a package of equity offerings, including an investment deal with Berkshire Hathaway Inc., as the company races to fund its ambitious artificial intelligence spending plans.

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 RBC Capital Markets Equity Derivatives Strategist Amy Wu Silverman, Sidley Austin Partner Kai Liekefett, Union Square Advisors President & Co-Founder Ted Smith, Bancorp’s Stephen Philipson & BTIG CEO Anton LeRoy, New York Life Investment Management Global Market Strategist Julia Hermann, Susquehanna International Group Senior Equity Research Analyst Mehdi Hosseini, House of Lords Member Dambisa Moyo, & D-Wave Quantum President & CEO Dr. Alan Baratz. (Source: Bloomberg)

Anthropic PBC pulled ahead of OpenAI with its confidential IPO filing Monday, as the free-spending artificial intelligence startups battle for a fundraising edge that’s set to determine who will win the ultimate battle for computing power.

Elliott Investment Management LP has built a large stake in Australia’s biggest gold miner Northern Star Resources Ltd. and is pushing for a strategic review, including a potential sale.

vVardis Holding AG, a Swiss dental startup, is working with banks for a US initial public offering that could come this year, according to people familiar with the matter.

US equity-index futures edged lower and oil held gains as efforts to revive a peace deal with Iran showed little progress.

Gold held a decline as conflicting messages from the US and Iran on a diplomatic resolution to the war kept concerns over prolonged trade and geopolitical disruptions alive.

China is pitching itself as the global fulcrum for the next phase of artificial intelligence and a legion of robotics companies is lining up initial public offerings to test investor appetite.