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Zambia's talks with the US over a new $2 billion health-aid deal stalled because the proposed agreement included data sharing that would violate citizens' privacy rights and was conditional on first agreeing to preferential access to mineral resources, the nation's foreign minister said....

Oaktree Capital Management Co-Chief Executive Officer Armen Panossian warned that markets have been too quick to shrug off a slew of fundamental issues, which are prompting his firm to preserve cash for when a correction comes....

A cluster of companies led by artificial-intelligence chipmaker Cerebras Systems Inc. started formally marketing their US IPOs Monday, as firms weighing second-quarter debuts look to get ahead of SpaceX's potentially record-breaking listing....

Two years ago, Indian Prime Minister Narendra Modi was dealt a humbling blow in national elections, failing to win a majority for the first time since he came to power....

PJT Partners Chair and CEO Paul Taubman says M&A activity isn't accelerating but at healthy levels. Speaking with Bloomberg's Dani Burger at the Milken Institute Global Conference in Beverly Hills, California, Taubman calls the private credit market's issues a “public relations” challenge. (Source: Bloomberg)...

Apollo Asset Management Co-President John Zito discusses financial market conditions and investment strategies around the growth of AI. He speaks with Dani Burger at the Milken Institute Global Conference in Beverly Hills. (Source: Bloomberg)...

Another line that's going up....

Raw sugar futures rose to the highest in more than a month as investors trim bearish bets on expectations that mills at top supplier Brazil will focus on producing sugar-cane ethanol instead of the sweetener....

Abigail Watt from UBS joined the program to discuss the current economic environment and its capacity to support higher prices. She highlighted that consumer spending is expected to remain somewhat stronger in the second quarter, although this outlook depends on the balance between rising gasoline prices and the impact of tax refunds. (Source: Bloomberg)...

When President Donald Trump disclosed in April that the US was considering offering the United Arab Emirates financial support through a currency swap line, observers in financial and policy circles were puzzled. Why would the UAE, one of the world's wealthiest countries, suddenly need economic assistance? Were the discussions connected to the Iran war? Would a deal also benefit the US? And, for those unfamiliar with the esoteric financial tool, what in the world is a swap line?...

PJT Partners Inc. Chief Executive Officer Paul Taubman said the private credit market's issues are a “public relations” challenge as investors started to fully realize that many of the products weren't fully liquid....

Bank of America Corp. said shareholders on Monday approved a slate of 12 directors the company nominated for its board....

Strategic Value Partners founder Victor Khosla expects years of elevated defaults in credit markets and is preparing to take advantage of opportunities created by greater dispersion among private credit managers....

With Portugal's foreign population reaching unprecedented levels, the country's president has signed into law a bill that will double the amount of time needed for foreigners to obtain citizenship....

The United Arab Emirates on Monday issued a missile threat warning for the first time since a ceasefire between the US and Iran took hold about a month ago, underscoring the fragility of diplomatic efforts to end a war that has killed thousands and disrupted global energy supplies....

Bolivia is gauging investor interest for its first dollar bond sale in four years after the new market-friendly government avoided a default on external debt payments in March....

Spirit Aviation Holdings Inc. is set to start an orderly wind-down process to sell its assets, capping the downfall of the low-cost carrier that has filed for bankruptcy twice in recent years and failed to clinch a last-minute US government rescue....

Jennifer McKeown, chief global economist at Capital Economics, discussed the near-term outlook for central bank policy, highlighting that the European Central Bank appears more likely to raise interest rates soon compared to the Bank of England or the Federal Reserve. (Source: Bloomberg)...

US transportation stocks plunged Monday morning after Amazon.com Inc. announced expanded logistics offerings that will turn it into a major competitor for parcel carriers and air freight companies, and also impact truckers and third-party brokers....

"It's a little bit of a head-scratcher as to why the markets are as robust as they are," Armen Panossian, co-CEO and head of performing credit at Oaktree, says. Speaking with Bloomberg's Dani Burger at the Milken Institute Global Conference in Beverly Hills, California, Panossian says investors are underestimating the fundamental risks facing the credit market. (Source: Bloomberg)...