Elon Musk is seeking to have OpenAI Chief Executive Officer and board member Sam Altman removed from his roles at the artificial intelligence startup as part of the billionaire’s legal challenge to the ChatGPT maker’s conversion to a for-profit company.

A pro-Iranian cybercrime group has claimed responsibility for cyberattacks on Chime Financial Inc. and Pinterest Inc. that knocked the websites of both companies offline.

Coinbase Global Inc., the largest US cryptocurrency exchange, said it plans to expand into equity trading and payments in Australia after receiving a financial services license.

Marathon Asset Management Chair and CEO Bruce Richards explains why he sees a correction in direct lending. Speaking on "Bloomberg The Close," Richards says software has the biggest problems in direct lending, expecting the default rate to go to 15% in that sector. (Source: Bloomberg)

Bloomberg’s Caroline Hyde and Ed Ludlow discuss Intel’s plan to join Elon Musk’s Terafab project with Tesla, SpaceX, and xAI. Plus, Broadcom and Google expand an agreement with Anthropic to power the AI startup’s burgeoning operations. And Bill Ackman looks to make a deal for the world’s largest music company, Universal Music Group. (Source: Bloomberg)

President Trump has announced a two-week, two-sided cease-fire with Iran, suspending earlier threats to strike Iranian civilian infrastructure. The truce is explicitly conditional on Tehran reopening the Strait of Hormuz, a key waterway whose closure amid a war that began over five weeks ago has disrupted global markets. Bloomberg's Jeff Mason has the latest. (Source: Bloomberg)

US Securities and Exchange Commission fines and investor relief doubled to $17.9 billion in the 2025 fiscal year, a surge bolstered by enforcement actions at the end of the Biden administration that likely won’t continue as priorities shift under President Donald Trump.

Chinese bank shares have outpaced the broader market since the war in Iran broke out, with attractive dividend yields and improving earnings prospects likely to provide further tailwinds, according to analysts.

Vietnam will be included in FTSE Russel’s secondary emerging markets group for the first time, propelling one of Asia’s fastest growing economies into the same league as China, India and Indonesia.

President Donald Trump has postponed by two weeks his threat to attack civilian infrastructure across Iran, as negotiators inch closer to a ceasefire deal that could see Tehran reopen the Strait of Hormuz. (Source: Bloomberg)