The new bipartisan college-sports bill is bad news for the richest NIL athletes. Here’s why.
The Protect College Sports Act bill could ‘materially harm the earnings potential of top college athletes,’ one sports attorney says.
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Canada Fintechs Wealthsimple, Questrade to Offer Pre-IPO Access
Canadian online brokerages Wealthsimple and Questrade Inc. are joining a wave of companies promising to offer access to firms planning initial public offerings, as startup funding rounds heat up.
Bessent Says Trump Won’t Accept a Bad Deal on Iran: Full Briefing
Treasury Secretary Scott Bessent said that President Trump will not make a bad deal with Iran amid reports of a 60-day truce extension waiting the president’s approval. Bessent, speaking at the White House press briefing, outlined President Trump’s conditions for a deal with Iran, saying that for a deal to happen the country must agree to open the Strait of Hormuz, turn over its enriched uranium and not to pursue a nuclear weapon. (Source: Bloomberg)
Very Bifurcated Market in High Yield: Pimco’s Forgash
David Forgash, managing director and head of leveraged finance at Pimco, joins Dani Burger on “Bloomberg ETF IQ.” They speak at the Goldman Sachs Annual Leveraged Finance Conference in Dana Point, California. (Source: Bloomberg)
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Drilldown: AdvisorShares Psychedelics ETF
Dan Ahrens, CIO & portfolio manager at AdvisorShares, joins Katie Greifeld and Eric Balchunas on “Bloomberg ETF IQ.” They discuss the AdvisorShares Psychedelics ETF (ticker: PSIL). (Source: Bloomberg)
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Index Rule Changes for SpaceX IPO ‘Odd’: Todd Sohn
Todd Sohn, ETF strategist at Strategas, joins Katie Greifeld and Eric Balchunas on “Bloomberg ETF IQ.” Nasdaq instituted a rule change that shortens the time for newly public companies to be added to its index, while S&P Dow Jones and FTSE Russell are considering similar changes. This comes ahead of expected mega IPOs from SpaceX, OpenAI and Anthropic. (Source: Bloomberg)
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Anthropic nears $1 trillion valuation, leapfrogging OpenAI
A $65 billion Series H funding round follows a sharp three-month revenue surge for the Claude creator, pushing Anthropic to a fresh $965 billion valuation.
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Lilly’s GLP-1 medications will soon be covered by CVS, potentially opening access for millions of Americans
That means millions more Americans may get access to Lilly’s new GLP-1 pill Foundayo or the GLP-1 injection Zepbound.
Commodity Risk Management Tools for Safer Tracking
Commodity risk management tools help traders, investors, and business teams track price swings across raw material markets. With the right setup, they can reduce confusion and support smarter decisions.
SocGen CEO Krupa Says Bank’s Efficiency Is ‘at Bottom of Class’
Societe Generale SA Chief Executive Officer Slawomir Krupa, who’s been at the top for three years, vowed to keep restructuring the bank as it continues to lag in some areas.