US billionaire Bill Ackman has made a $64.7 billion bid for Universal Music Group — home to Taylor Swift and Drake.

Benoit Berthelot explains.
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Investors are bracing for the next potential hit to SpaceX shares when $101 billion worth of stock becomes available for trading on Thursday with the scheduled ending of a lockup agreement restricting insider share sales. Leen Al-Rashdan reports on Bloomberg Television.
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Julian Emanuel, Evercore ISI chief equity & quantitative strategist, says the odds of a Federal Reserve interest rate hike may keep rising ahead of the next decision that comes in September. Emanuel says that could cause some volatility in markets. He speaks on “Bloomberg Surveillance.”
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Turkey wants to attract the wealthy away from Dubai and London with a range of new tax incentives.

Benjamin Stupples explores whether Istanbul can really rival the established wealth hubs.
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Rebecca Patterson, Council on Foreign Relations senior fellow, talks about how volatility in the bond market is impacting retail investors on “Bloomberg Money.”
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