Bloomberg BusinessWeek

Outside Washington DC in mid-September, Lockheed Martin Corp. lifted the tarp on a futuristic stealth drone: all sleek edges, mysterious vents and not a single pane of glass.

Microsoft Corp.’s Azure and Amazon Web Services are set to be designated under the European Union’s strict rulebook for Big Tech.

The founder of RedBird Capital says the merger with Warner Bros. will be positive for the industry

Amazon.com Inc.’s latest attempt to address the intensifying blowback to an unprecedented buildout of computing infrastructure: a commitment to spend more than $1 billion over the next five years on initiatives for the communities near its server farms.

China and India account for the bulk of international grad students in the US — and increasingly they’re headed home.

New York’s artificial-intelligence boom is drawing massive investments and fueling a surge in office leasing, but it’s doing little for young workers trying to start their careers, according to a report by the Partnership for New York City.

Nidec Corp. is in talks with MUFG Bank Ltd. and Sumitomo Mitsui Banking Corp. to renew committed credit lines that currently total ¥600 billion ($3.8 billion), the company said on Thursday.

Chinese robotaxi operators Pony AI and WeRide face sustained operating losses through 2028 as domestic fleet utilization lags Waymo’s rate of more than 58%, Bloomberg Intelligence said.

Nexfibre Networks Ltd.’s £2 billion ($2.7 billion) deal for rival Netomnia Ltd. could reduce competition in the UK’s wholesale broadband networks, the country’s competition watchdog said on Friday, potentially threatening the first major consolidation in the crowded fiber market.

Amazon.com Inc. is exploring a deal to shift about $8 billion worth of top-end Nvidia Corp. chips off its balance sheet, according to the Financial Times.

Here are some of the key takeaways from Bloomberg’s two-day Screentime Conference in Los Angeles:

Federal prosecutors arrested a California man on Thursday on charges of smuggling computer servers containing $300 million worth of Nvidia Corp. artificial intelligence chips to China in violation of US export controls.

SoftBank Group Corp.’s equity investors are increasingly focused on the potential returns from its AI bets, helping the stock rebound even as the Japanese company faces higher borrowing costs.

Stripe Inc. is expanding operations at its Dublin office, a boost to a city hit by a spate of artificial intelligence-related job cuts.

Two new islands have appeared off Anak Krakatau, potentially the first in nearly a century to emerge within the caldera left by Krakatoa’s catastrophic 1883 eruption.

Data center operator Firmus Grid Ltd. is seeking a A$43.7 billion ($30.3 billion) valuation in its Australian initial public offering this month, the Australian Financial Review reported on Thursday, citing pricing sent to potential investors.

Constantine Alexandrakis, who leads Russell Reynolds Associates and wrote The Catalyst CEO, joins to discuss the leadership challenge and the idea that CEOs cannot drive transformation alone. The discussion broadens into a larger question about what kind of CEO is needed when a company requires both cultural repair and strategic disruption. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)

The Close 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 Ferguson CEO Kevin Murphy, Envestnet CEO Chris Todd, Nuveen CEO Bill Huffman, EY Global Vice Chair Andrea Guerzoni, Allspring Global Investments Head of Equity Investments Ann Miletti, Mastercard Economics Institute Chief Economist Michelle Meyer, CFRA Equity Analyst Zachary Warring, Sports Marketing Consultant Joe Favorito, Bata Shoe Museum Director & Senior Curator Elizabeth Semmelhack, & Russell Reynolds Associates CEO Constantine Alexandrakis. (Source: Bloomberg)

In an exclusive interview on Bloomberg The Close, Andrea Guerzoni, EY Global Vice Chair, discusses a pullback in EY Parthenon’s latest CEO outlook survey. Guerzoni points to the survey’s confidence reading falling from a record 62% to 51% and asks why that drop occurred, noting it is a decline but not a collapse. He speaks to Romaine Bostick & Emily Graffeo on "The Close." (Source: Bloomberg)

Kevin Murphy, CEO of Ferguson, joins the program to discuss broader manufacturing conditions. Murphy notes that manufacturing appeared to emerge from a multiyear slump earlier in the year, helped by several tailwinds, and asks whether that momentum is still holding as the final three months of the year begin. He speaks with Romaine Bostick & Emily Graffeo on "The Close." (Source: Bloomberg)