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The disruptive potential of AI has rattled markets for weeks in what traders are calling the "AI scare trade." Among the companies hit hardest were trucking and logistics stocks, which tanked after Algorhythm, a former karaoke company, said that its AI logistics platform is helping to make trucking more efficient. Gary Atkinson, the CEO of Algorhythm, joined Bloomberg Open Interest to talk about the disruption. (Source: Bloomberg)...

Holders of notes issued by Tricolor Holdings sued JPMorgan Chase & Co., Barclays Plc and Fifth Third Bancorp., accusing the banks of helping to perpetuate a fraud at the now-bankrupt used-car dealer and lender....

An options trader who bet big on a Netflix Inc. rally is sitting on a roughly $16 million paper gain as shares soared after the streaming giant pulled its bid for Warner Bros. Discovery Inc....

In the days since the US Supreme Court declared most of President Donald Trump's global tariffs illegal, more than 100 companies filed new lawsuits, underscoring widespread concerns that the administration won't readily refund the billions of dollars it's already collected....

Prediction markets have never been bigger — or more controversial. On this episode of the Everybody's Business podcast, Stacey Vanek Smith and Max Chafkin sit down with Jacob Goldstein and Robert Smith of the Business History podcast to unpack how betting on real-world events went mainstream — and why platforms like Kalshi and Polymarket are reshaping the way people trade on everything from politics to pop culture. (Source: Bloomberg)...

Heightened anxiety about the threat from artificial intelligence and suddenly shaky bets on private credit delivered another bruising selloff in shares of banks and asset managers....

RXR and Rajeev Misra's One Investment Management are forging ahead with a more-than $500 million plan to convert a troubled office tower in downtown Manhattan into nearly 800 apartments....

The Welsh club's valuation has surged 17,000% since Ryan Reynolds and Rob Mac bought the team in 2021....

Petroleos Mexicanos posted an annual loss of 45.2 billion pesos ($2.6 billion), stoking concerns that President Claudia Sheinbaum's massive financial support package isn't turning around the debt-burdened oil giant....

The US government has filed a forfeiture complaint for a seized oil tanker holding 1.8 million barrels of crude, alleging the ship transported oil from Iran and Venezuela to rogue regimes....

Anthropic PBC got a vote of support from Silicon Valley workers for its increasingly contentious public-relations battle with the Pentagon over how the military can use artificial intelligence....

NASA is shaking up its Artemis mission to the moon, cancelling a huge Boeing upgrade and moving up an Artemis III launch. This is NASA Administrator Jared Isaacman speaking to reporters. (Source: Bloomberg)...

Monroe Capital Chair and CEO Ted Koenig discusses the state of the private credit market and expresses his concern about private assets in 401(k) plans on "Bloomberg Open Interest." (Source: Bloomberg)...

Private credit manager Invico Capital Corp. has crafted a plan for one of its funds to deal with redemption requests from large investors, as firms face elevated withdrawal pressure across the broader market....

Pearson Plc has been unfairly punished by short-term investors as the education publisher gets caught up in a broader artificial intelligence selloff, according to its chief executive officer....

Swiss authorities revoked the license of MBaer Merchant Bank AG over evidence it helped clients evade sanctions, saying it had been a risk to the country and its financial system....

One of the longest-running franchises in video gaming is once again hoping to catch them all....

Okapi Partners CEO Bruce Goldfarb reacts to Netflix dropping out of the fight to buy Warner Bros. Discovery and Elliott Investment Management building a stake of more than 10% in Norwegian Cruise Line Holdings. Speaking on "Bloomberg Open Interest," Goldfarb also discusses the outlook for proxy season and the current regulatory environment. (Source: Bloomberg)...

Merck & Co. is cutting staff at a US plant that makes its HPV vaccine Gardasil amid a decrease in global demand for the cancer-preventing shot....

NASA is shaking up its Artemis mission to the moon, canceling a multibillion-dollar Boeing Co. upgrade to the centerpiece SLS rocket and slotting in a test flight closer to Earth as the program remains beset by delays and cost overruns....