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Xanadu Quantum Technologies Inc. is set to receive as much as C$390 million ($287 million) in government financial aid to build the engineering and domestic manufacturing capabilities for its first quantum-powered data center in Ontario, a deal that's being negotiated just as the company is about to go public....

Buyers are joining special purpose vehicles to get a piece of the hottest companies before they go public. Sometimes the funds don't actually own any shares....

Citi Research Global Chief Economist Nathan Sheets discusses the impacts of the conflict in Iran on the economy, next steps for the Federal Reserve, and the possibility of seeing headline inflation 'move up over the coming months.' He talks with Romaine Bostick and Katie Greifeld on "The Close." (Source: Bloomberg)...

Conditions could be ripe for the first $20 billion-plus biopharma deal in more than three years, according to Centerview Partners Co-President Eric Tokat. Tokat and Paul Weiss's Krishna Veeraraghavan joined Dani Burger and Michelle F. Davis on “Bloomberg Deals” for a roundtable to discuss their outlooks for biopharma M&A. (Source: Bloomberg)...

Brokers to hedge funds and other institutional investors are moving to give clients access to Kalshi Inc.'s event bets, a sign of the growing push to open the nascent prediction market industry to Wall Street players....

President Claudia Sheinbaum's attempt to overhaul Mexico's electoral system fell short of the needed support for approval in the lower house on Wednesday, marking the first legislative setback in her agenda of priority reforms....

Bloomberg Opinion columnist Juan Pablo Spinetto explains why Latin America stands to benefit from higher oil prices. (Source: Bloomberg)...

KPMG Global Head of Oil & Gas Angie Gildea discusses 'unprecedented times' in the oil and gas industry, highlighting how the closing of the Straight of Hormuz would further limit options moving forward, and that releasing barrels would only be a temporary fix to the problem. She talks with Katie Greifeld and Romaine Bostick on "The Close." (Source: Bloomberg)...

Petco Health & Wellness Co. forecast annual earnings above analyst estimates, signaling that consumer pet spending remains durable despite tariff and economic uncertainty. The shares surged as much as 20% in postmarket trading....

Nathan Sheets, global chief economist at Citi Research, discusses the implications of persistently high oil prices on US inflation and the consumer economy. He notes that while core inflation remains relatively unaffected, headline inflation could rise by as much as half a percentage point in the coming months due to these elevated energy costs. (Source: Bloomberg)...

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)...

The European Union warned that its inflation rate could surpass 3% this year if the war in the Middle East causes Brent oil prices to remain around $100 per barrel and gas prices stay elevated for an extended period....

Apple Inc.'s forthcoming foldable iPhone will include updates to the iOS operating system that enable iPad-like layouts and side-by-side apps for the first time, enhancing the device's appeal for multitasking....

A more permissive regulatory environment and Big Pharma's need to replenish revenue pipelines could spur the first $20 billion-plus M&A drug deal in more than three years, according to Centerview Partners Co-President Eric Tokat....

Ares Management Corp. convened a town hall this week to reassure employees concerned about recent market volatility and emphasize the investment opportunities it created, according to Chief Executive Officer Mike Arougheti....

Bloomberg's Caroline Hyde and Ed Ludlow discuss Oracle's strong third quarter sales and full year outlook as demand for AI computing shows no sign of letting up. Plus, Meta plans to deploy four new generations of its in-house AI chips by the end of 2027 to help power its rapidly expanding AI workloads. And the CEOs of Uber and Zoox discuss their new partnership that will allow Uber customers to get robotaxis from Amazon's Zoox in Las Vegas, starting this summer. (Source: Bloomberg)...

A weekly, midday program that delivers high-impact, editorially driven coverage of the most important corporate transactions shaping the global market. Today's guests, Starboard Value's Co-founder Jeff Smith, PJT Partners CEO Paul Taubman, Centerview Partners Co-President of Investment Banking Eric Tokat, and Paul Weiss Global Co-head of M&A Krishna Veeraraghavan. (Source: Bloomberg)...

Moody's Ratings lowered its outlook on New York City to negative, citing “sizable and persistent” expected budget gaps....

Operations at Berlin Brandenburg international airport were temporarily suspended Wednesday evening following the sighting of an unidentified flying object in the area....

Billionaire Tilman Fertitta is in exclusive talks to buy Caesars Entertainment Inc. for about $7 billion after topping a competing bid from Carl Icahn, the Wall Street Journal reported, citing people familiar with the matter....