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President Donald Trump proposed a 44% raise for the Pentagon in his $1.5 trillion defense budget, a number that's already facing pushback from members of both political parties, including key congressional Republicans. Tyler Kendall reports on Bloomberg Television. (Source: Bloomberg)...

China Vanke Co.'s losses dragged on in the first quarter as the embattled developer faces a wall of upcoming debt maturities....

Diageo Plc Chief Executive Officer Dave Lewis is planning to streamline the British distiller's regional management teams as part of his turnaround plan, according to people familiar with the matter....

Citigroup Inc. has hired Karim Tannir, one of the most senior investment bankers in the Gulf, to lead its Middle East and Africa business as part of its efforts to make deeper inroads into a lucrative region....

Wingstop Inc. shares fell after the company lowered its full-year guidance and reported worst-than-expected results, confirming concerns that traffic to the chicken chain had significantly dropped off....

Bill Ackman's Pershing Square is finally going public after years of social media-hyping about building an empire modeled on Warren Buffett's, and even after raising $5 billion for his vision, the hedge-fund billionaire faces another test....

New residential construction in the US rose in March to the highest in more than a year as homebuilders boosted production despite ongoing affordability concerns....

US orders for business equipment increased in March by the most since mid-2020, extending a yearlong stretch of solid capital investment fueled by spending on artificial intelligence....

Euro area economic sentiment fell to 93 in April from 96.2 in March, marking a third consecutive monthly decline, European Commission data showed Wednesday....

The US signaled it would stick with a naval blockade of Iranian ports, as it tries to choke-off Tehran's oil exports and force it back to the negotiating table. Stock traders are buying the dip in technology shares as markets get ready for earnings from four juggernauts in a crucial test of whether this month's rally has room to run. Nasdaq 100 futures rebounded after the index slipped more than 1% in the previous session. Alphabet, Microsoft, Amazon.com and Meta Platforms are set to report after the close. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. Video edited at the 23:46 mark to remove an incorrectly worded question during the Santander interview. This was verbally corrected later in the show. (Source: Bloomberg)...

Hyperliquid, the decentralized crypto exchange that has emerged as one of the most active trading venues in digital assets, is proposing to add prediction markets to its platform — a direct challenge to Kalshi and Polymarket as the fast-growing sector draws new competitors....

The European Commission's plan to curb some duty-free sugar imports to bolster prices is pitting beet growers against cane refiners and multinational food giants, in a dispute that risks undermining the region's competitiveness....

A new crop of defense startups from drone makers to software developers are emerging on Wall Street as governments raise military budgets and refill depleting supplies amid intensifying geopolitical tensions....

Chinese AI chipmaker Cambricon Technologies Corp.'s first-quarter sales more than doubled, as Beijing's push for self-sufficiency in critical technologies including semiconductors has fueled local demand for its products....

Generic drug manufacturer Teva Pharmaceuticals Inc. beat Wall Street estimates on Wednesday for the first quarter on demand for its branded medications....

German inflation accelerated less than anticipated, supporting the European Central Bank's arguments to defer a decision on raising interest rates due to the Iran war....

Compass Datacenters is pulling out of a yearslong effort to build a key part of 2,100-acre data center corridor in Northern Virginia after the development faced intense pushback from local residents....

Angelo Zino, senior equity analyst at CFRA Research, is watching guidance on AI capex spending as the magnificent seven tech companies begin to report earnings. (Source: Bloomberg)...

US equity futures advanced on Wednesday as tech stocks climbed ahead of the earnings results from four megacap companies later in the day....

Ukraine said it hit an oil pumping station deep inside Russia, as well as a sanctioned tanker in the Black Sea, marking the latest strikes on its adversary's energy infrastructure....