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SpaceX IPO Terms Due & Trump’s New Tariffs | The Pulse 6/3/2026

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Bloomberg has learnt that SpaceX is planning to set out the terms of its IPO as soon as Wednesday, while Reuters reports that it’s hoping to raise a record $75 billion.

The US is proposing new tariffs of at least 10% on imports from most major trading partners.
It follows an investigation into goods allegedly produced by forced labor, as President Trump seeks to rebuild his flagship trade policy. China says there is no forced labor in the country, describing the investigation as a “pretext for political manipulation.”

Plus, the fragile Middle East ceasefire is under fresh strain after US forces intercepted Iranian missiles fired towards neighboring countries, including Kuwait and Bahrain.

Today’s guests: Patrick Armstrong, Plurimi, CIO; Beata Javorcik, European Bank for Reconstruction and Development, Chief Economist; Julien Barnes-Dacey, European Council on Foreign Relations, Middle East and North Africa Programme Director.


“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
00:00:49 – SpaceX IPO and AI Trade
00:08:57 – Trump Rebuilds Tariff Wall
00:17:05 – IMF Growth Forecasts Revised Down
00:24:38 – US-Iran Peace Deal Hopes Dim
00:27:35 – Fresh Strikes Test Fragile Ceasefire
00:36:34 – Exclusive: Jens Stoltenberg
00:40:00 – BOJ To Keep Raising Rate: Ueda
00:45:39 – Inditex Sales Growth Quickens
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Why South Korea’s retail investors are banking on risky bets #luxury #asia #shorts

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Unlike their parents’ generation, many young South Koreans can’t afford to buy a home, especially in Seoul. One solution, for some, has been to dabble in risky assets like crypto and leveraged ETFs. But does the promise of a windfall outweigh the potential losses? Bloomberg’s Haram Kim reports.

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Odyssey Returns to the Cultural Spotlight

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University of Pennsylvania classics professor Emily Wilson says Christopher Nolan’s adaptation of The Odyssey is introducing a new generation to Homer, driving a surge in book sales, library checkouts and interest in studying the classics. Wilson says diverse audiences and fresh perspectives continue to enrich the interpretation of ancient texts, while emphasizing that every translation begins with the original Greek rather than previous English versions.
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UN Needs Rules on AI Weapons, Grossi Says

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Rafael Mariano Grossi, the Argentine head of the International Atomic Energy Agency in Vienna, says there needs to be guardrails around how countries could use autonomous weapons, but innovation can’t be stifled. He speaks during a town hall event moderated by Bloomberg Television in the UN’s General Assembly chamber.
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‘The Chinese Won’: Steven Rattner on Lessons From Trump’s Trade War

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President Trump says tariffs will rebuild American manufacturing, shrink the deficit, and strengthen America’s hand against China. But after court challenges and months of new data, have they delivered? Steven Rattner of Willett Advisors breaks down what’s actually happened, and what it means for investors, businesses, and the US economy.
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Trump Drops Hormuz Fee as US Strikes on Iran Continue

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US President Donald Trump backed away from his plan to impose a 20% charge on cargo shipments through the Strait of Hormuz, but resumed its blockade on Iranian shipping. Meanwhile, US Central Command said it completed a seven-hour wave of strikes against dozens of targets near the strait and along Iran’s coast. Bloomberg’s Abeer Abu Omar reports.
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