Yahoo Finance
MarketWatch
Rising yields are a threat to the “Magnificent Seven.” Here’s why that could hurt U.S. consumers.
Bloomberg Markets
House Budget Chairman Jodey Arrington said 'Republicans and Democrats are going to have to come together' on a debt reduction plan to counteract the demographic challenges of increasing Social Security and Medicare beneficiaries. Arrington also discussed the pushback against AI data centers around the country, saying that the US has win the AI race but there should be guardrails on drawing on energy and water resources to do so. (Source: Bloomberg)
Bloomberg Markets
Bloomberg's Randall Williams joins Dani Burger and Scarlet Fu on "Bloomberg Deals." Billionaire Stan Kroenke is expanding his sports empire with the addition of the Los Angeles Angels. Kroenke Sports & Entertainment bought a controlling stake with a valuation at $4B. (Source: Bloomberg)
Bloomberg Markets
Bloomberg's Allison McNeely joins Dani Burger on "Bloomberg Deals." KKR is set to reap a $3.3 billion windfall from its deal to sell USI Insurance Services to Aonfor $17 billion, a significant exit for a unit that’s invested its balance sheet in long-term private equity bets. (Source: Bloomberg)
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Bloomberg Markets
Bloomberg's Michelle Davis joins Dani Burger on "Bloomberg Deals." Eli Lilly plans to buy Merida Biosciences Inc. for as much as $2.88 billion in cash to expand in autoimmune and allergic diseases, part of an effort to build beyond the weight-loss and diabetes markets that made it the largest pharmaceutical company in the world. (Source: Bloomberg)