Milken Latest: Barclays’s DeClark Says Markets Returning to Life
It’s the first full day of speakers at the Milken Institute Global Conference in Beverly Hills, California, which brings together everyone from dealmakers to celebrities.
Bloomberg Top News
Apple Is One Juror Shy of Defeating Masimo Trade-Secret Theft Case
Apple Inc. apparently is close to winning a trial in which Masimo Corp. claims Apple Watch models were developed using stolen trade secrets and is seeking almost $2 billion in damages.
US Supreme Court to Consider Curbing Authority of Federal Regulatory Agencies
The US Supreme Court will consider overturning a decades-old legal doctrine that has given federal regulators broad power to define their authority, accepting an appeal that aims to put new constraints on environmental, consumer-protection and financial-watchdog agencies.
IBM to Pause Hiring for Jobs That AI Could Do
International Business Machines Corp. Chief Executive Officer Arvind Krishna said the company expects to pause hiring for roles it thinks could be replaced with artificial intelligence in the coming years.
US to Permit Court-Ordered Auction of Citgo Parent’s Shares
The US will not block the court-ordered sale of shares of Citgo Petroleum Corp.’s parent company, PDV Holding, to pay off creditors who have sought payment from the Venezuelan state.
NXP Rallies After Maker of Automotive Chips Gives Rosy Forecast
NXP Semiconductors NV, a top supplier of chips to the automotive industry, gave a bullish forecast for the current period that it said indicates a “cautious optimism,” sending its shares climbing in late trading.
Musk to Pay $10,000 to Settle Defamation Lawsuit by Tesla Critic
Elon Musk agreed to pay $10,000 to settle a defamation lawsuit by a Tesla Inc. critic who became a hero to short sellers with his Twitter posts and then accused the CEO of smearing him with false allegations, according to lawyers for the plaintiff.
Meta Targets $7 Billion in Its Second Blue-Chip Bond Sale
Meta Platforms Inc. emerged as the first mega-cap technology company to tap the US investment-grade bond market amid turmoil in the financial sector that has toppled five banks since March.
Biden Close to Naming New Fed Vice Chair as He Faces Pressure From Menendez
The White House is considering promoting Federal Reserve Governor Philip Jefferson to vice chair and naming a Latino candidate to an open board slot in a shift from prior plans, according to people familiar with the matter.