Bloomberg Intelligence

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Bloomberg Intelligence hosted by Scarlet Fu & Stacey Vanek Smith

- Hannah Miller, Bloomberg Media Reporter, discusses Paramount Skydance closing its acquisition of Warner Bros. Discovery, combining two of the five largest Hollywood film studios and uniting major franchises such as Harry Potter and Mission Impossible. The new company, called Skydance, will be home to dozens of TV networks and two major subscription streaming services, Paramount+ and HBO Max, and will be led by David Ellison and Ynon Kreiz as co-chief executive officers.

- Natalie Lung, Bloomberg Tech Reporter, discusses Uber Technologies buying ezCater for $2.3 billion in a cash deal to help the Uber Eats delivery platform reach a more corporate clientele. The purchase will boost Uber’s food delivery business, which makes up about nearly half of the company’s overall gross bookings. ezCater generated over $2.5 billion in gross bookings over the trailing 12 months and works with more than 140,000 restaurants nationwide.

-- Ed Ludlow, Bloomberg Tech Host, discusses top tech stories. Nvidia is nearing a $6 trillion market capitalization as investors return to the artificial-intelligence chipmaker after a disappointing start to the year.
Moonshot AI has closed the final round of private fundraising at a valuation of about $50 billion and is heading toward an initial public offering in Hong Kong in the first quarter of next year.
DeepSeek is close to securing at least 80 billion yuan in its latest round of funding, ahead of a landmark initial public offering in early 2027.

-- Will Wade, Bloomberg News Energy Reporter, discusses Google parent Alphabet agreeing to buy nuclear power from Constellation Energy Corp. in a 20-year power-purchase agreement that will drive more than $4.3 billion in investments to upgrade systems at 11 Constellation reactors. The agreement will add 890 megawatts of new reactor capacity and the electricity will start arriving on the grid as soon as 2028. The deal is part of a trend of tech companies investing in nuclear energy to support their operations, with other companies such as Amazon.com Inc., Walmart Inc., and Microsoft Corp. also signing agreements with Constellation and other nuclear power producers.

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Bloomberg Intelligence hosted by Scarlet Fu, Stacey Vanek Smith, & Norah Mulinda

-Lee Klaskow, Bloomberg Intelligence Senior Transport, Logistics and Shipping Analyst, discusses CH Robinson Worldwide agreeing to buy trucking brokerage firm RXO in a deal centered around a bet that artificial intelligence can help the companies improve efficiency in a challenging freight market. CH Robinson aims to diversify its business and capitalize on RXO’s abilities in expedited and last-mile delivery through a cash-and-stock transaction valued at about $5.8 billion.

-Sam Fazeli, Bloomberg Intelligence, Director of Research for Global Industries and Senior Pharmaceuticals Analyst, discusses AstraZeneca investing $2 billion in US biotech Summit Therapeutics Inc. to collaborate on a promising new cancer medicine that could be combined with the British drugmaker’s other treatments. The investment will speed up development of Summit’s experimental ivonescimab, a bispecific antibody drug that aims to better attack cancer cells and stop them growing, and targets two proteins called PD-1 and VEGF.

-- Robert Schiffman, Senior Tech Credit Analyst for Bloomberg Intelligence, discusses his latest credit research on Micron Technology. According to Bloomberg Intelligence: Micron's AI-driven cash surge could make its credit profile materially less cyclical than in prior memory upturns, as stronger pricing, strategic customer agreements and rapidly expanding margins improve earnings visibility. Fiscal 2026 revenue rose 256% to $133.2 billion and adjusted free cash flow reached $62.3 billion, while Bloomberg consensus points to roughly $271 billion of revenue and about $141 billion of free cash flow in fiscal 2027.

-- Dylan Sloan, Bloomberg Wealth Reporter, discusses his story about how the world's tech billionaires gained a combined $845 billion through Sept. 30. That’s the most ever for the first nine months of a year, according to the Bloomberg Billionaires Index. Tech billionaires are now worth a combined $4.6 trillion, accounting for 36% of the index's wealth despite making up only about a fifth of its members.
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Bloomberg Money takes the pulse of your financial life, powered by the reporting of our global newsroom.
Today's guests:
Suzy Welch, NYU Stern School of Business Professor
Torsten Slok, Apollo chief economist
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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Craig Trudell, Bloomberg Managing Editor of Global Business Coverage, discusses Tesla deliveries. Tesla Inc. reported better-than-expected sales for the third quarter, delivering 486,532 vehicles worldwide in the period. The results are a boon for Tesla following a period of declining auto sales and a lagging stock, with competition in the crucial China market and sluggish demand in the US pressuring the company.

-Poonam Goyal, Senior U.S. E-Commerce and Retail Analyst at Bloomberg Intelligence, discusses Nike earnings. Nike Inc. is cutting jobs and overhauling the business as results deteriorate, with a restructuring plan expected to save $2.5 billion over the next five years. The company announced weaker-than-expected sales for the latest quarter and a disappointing outlook for this fiscal year, with a high-single-digit revenue decline expected.

-Matthew Bloxham, Bloomberg Intelligence Senior Media and Tech Analyst, discusses top tech stories. Anthropic PBC is seeking to go public as soon as the middle of November, with formal marketing for its IPO potentially starting the week of Nov. 9. The company still expects to make its debut no later than the end of the year, despite deliberations being ongoing and the timeline potentially shifting.

-Lindsay Dutch, Bloomberg Intelligence Consumer Hardlines & Beauty Retail Senior Analyst, discusses Mattel takeover interest. Mattel Inc. has drawn takeover interest from Authentic Brands Group, the Wall Street Journal reported Thursday. Authentic has been discussing an offer that could value Mattel at more than $20 a share, the Wall Street Journal reported, citing unnamed people familiar with the matter.
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The US added fewer jobs than expected in September and wage growth slowed, signaling some caution among employers amid rising costs.
Nonfarm payrolls increased 29,000 last month after a downward revision to the prior two months, according to Bureau of Labor Statistics data out Friday. That missed all estimates in a Bloomberg survey of economists.
The unemployment rate rose to 4.2%, partly reflecting a growing workforce.
Bloomberg’s Tom Keene and Paul Sweeney get reaction from:
Claudia Sahm, Chief Economist at New Century Advisors
Rebecca Patterson, Senior Fellow at Council on Foreign Relations
Kristina Campmany, Senior Portfolio Manager at Invesco
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