Bloomberg has learned Anthropic is set to finalize an expansion of its revolving credit facility to $15 billion, clearing a hurdle before the artificial intelligence firm’s public filing for its highly anticipated IPO.

Volkswagen shares gained as much as 9.7%, the biggest intraday move since March 2023, after the carmaker’s supervisory board backed a sweeping restructuring that includes 50,000 additional job cuts.

US stocks and Treasuries held steady as traders waited to see whether Friday’s payrolls report will offer the Federal Reserve enough justification to hold off on an interest-rate hike in September.

Today’s guests: Nouriel Roubini, Roubini Macro Associates CEO; Enrico Letta, Institut Jacques Delors President & Former Italian Prime Minister; Arancha González Laya, Sciences Po Dean of International Affairs & Former Spanish Foreign Minister

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“The Pulse With Francine Lacqua” is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.

Chapters:
00:00:00 – The Pulse with Francine Lacqua Live from Cernobbio
00:02:49 – Nouriel Roubini, Roubini Macro Associates, CEO
00:11:44 – Anthropic finalizing $15 billion pre-IPO credit facility
00:13:01 – Altman: Will do what is best for society
00:15:22 – Meloni’s leadership milestone
00:16:02 – Enrico Letta, Institut Jacques Delors President & Former Italian PM
00:25:10 – Friday headlines
00:25:41 – Volkswagen approves plan to cut 50,000 more jobs
00:27:36 – Germany’s far-right stirs fears ahead of state election
00:31:55 – Reform UK denies wrongdoing over donation sting
00:32:16 – Ireland’s Martin on ‘reckless’ Russia
00:33:02 – Vance says Iran conflict isn’t war
00:33:36 – US retail diesel prices hit record as Hormuz crises drag on
00:38:14 – Arancha Gonzalez Laya, Former Spanish Foreign Minister
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SW Retail Advisors President and founder Stacey Widlitz discusses Lululemon Athletica lowering its full-year outlook for a second straight quarter on “Bloomberg The Close.”
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Apple CEO John Ternus is preparing for his first major product event since succeeding Tim Cook, with a foldable iPhone expected to headline the September 9 launch. Bloomberg Intelligence Senior Hardware Analyst Woo Jin Ho joins Christina Ruffini and Jeff Mason on Bloomberg This Weekend and says Ternus’ engineering background could bring renewed focus to hardware and expanding Apple’s ecosystem as smartphone upgrades become increasingly incremental.
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Africa has seen lots of economic growth in the last few years. According to the United Nations, growth across the continent is expected to reach 4.0% in 2026.

Joe Studwell, author of How Africa Works: Success and Failure on the World’s Last Developmental Frontier, joins Tracy Alloway and Joe Weisenthal on the Odd Lots podcast to discuss what is driving this economic growth and how it compares to Asian counterparts.
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President Donald Trump suggested the Pentagon will start targeting drug cartels with strikes on land in Venezuela and beyond.

Trump said the US could target any country trafficking illegal narcotics into the US, mentioning both Colombia and Venezuela.

Trump has previously said he wanted to widen the US military attacks against drug cartels that have fueled a deadly domestic opioid crisis.

Read more: https://www.bloomberg.com/news/articles/2025-12-02/trump-said-us-will-soon-do-land-strikes-on-drug-traffickers

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