The AI startup Manus, once a high-profile success story, is turning into a cautionary tale for Chinese entrepreneurs after Beijing authorities ordered Meta to unwind its $2 billion takeover of the company. Newley Purnell reports.
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“Bloomberg: The Asia Trade” brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg …

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The UK is facing fresh political uncertainty as Prime Minister Keir Starmer fights to remain in Downing Street.

From the pound to gilts, Mishal Husain breaks down what to watch.
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Get a jump start on the US trading day with Matt Miller and Dani Burger on “Bloomberg Open Interest.” China’s President Xi presses President Trump on Taiwan, warning of potential clashes if tensions are mishandled. Tech stocks extend their rally as Cisco jumps on a strong forecast and AI restructuring plan. Cerebras raises $5.55 billion in the year’s biggest IPO. Plus, Invesco CEO Andrew Schlossberg, Rezilient CEO Dr. Danish Nagda, and Ford’s potential $10 billion energy breakout.

Chapters:
00:00:00 – Open Interest
00:03:39 – Trump Invites XI to White House in September
00:07:36 – US Approved Alibaba, Tencent for Nvidia H200S: RTRS
00:10:45 – Ai Chipmaker Cerebras Raises $5.55B in IPO
00:14:42 – Senate Confirms Kevin Warsh to Lead Fed
00:15:59 – Marija Veitmane State Street Global | Stocks Holds Gains on Retail Sales as Cisco Surges
00:22:43 – Stocks to Watch | Cisco, Nvidia
00:23:41 – Stephanie Aliaga JPMorgan Asset | Stocks Holds Gains on Retail Sales as Cisco Surges
00:32:15 – Top Calls | Starbucks, Yeti, Ford
00:33:34 – Ford Energy Could Soon be Worth $10B Morgan Stanley
00:39:52 – Ai Chipmaker Cerebras Raises $5.55B in IPO
00:44:40 – XI Warns Trump of Danger to US Ties Over Taiwan
00:48:52 – Jamie Salter Authentic Brands Group, Nir Bar Dea Bridgewater Associates, Fran Katsoudas Cisco | Global Citizen Panel on AI-Powered Workforce
00:58:53 – Andrew Schlossberg Invesco | Invesco’s Next Chapter with Katie Greifeld
01:10:40 – Dr. Danish Nagda Rezilient Health | New Model For Primary care Emerges
01:19:09 – Johnson Sees Big Opportunity in Private Credit
01:24:31 – High Interest | Starmer Rival Quits, Retail Sales, LIRR
01:26:14 – Bessent: US, China Eye “Board of Investment” for Some Deals
——–
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Xi Jinping welcomes President Donald Trump to Beijing.

The US and China discussed various topics, including expanding market access for US businesses, purchasing US energy and agriculture, and addressing the flow of fentanyl precursors, but Xi’s comments on Taiwan stood out to observers.

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