Business
OpenAI Trims Target Value & Volvo Cars Cuts 2,500 Jobs
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from Brussels, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins.
On today’s show, the global tech rout deepened after the Nasdaq’s worst day since June. In another of concern over AI spending, Bloomberg has learnt that OpenAI is cutting its valuation target by $150 billion, as it seeks to raise $30 billion in its latest funding round.
And Volvo Cars is planning to cut another 2,500 jobs, as cratering sales in China and tariffs in the US complicate the Swedish automaker’s turnaround.
Today’s guest: Håkan Samuelsson, Volvo Cars, CEO.
Chapters:
00:00:00 – Bloomberg Daybreak Europe | 10/23/2026
00:02:15 – Asia Market Check
00:05:10 – AI Selloff
00:09:00 – Treasuries Surge
00:12:25 – Volvo Cars CEO Håkan Samuelsson
00:20:51 – Blackstone Chairman & CEO Stephen Schwarzman | Leaders with Francine Lacqua
00:26:33 – Pressure Mounting on French Bonds
00:30:23 – Saudi Aramco Said To Evacuate HQ
00:33:24 – Israeli Elections Next Tuesday
00:36:52 – Corporate News: Gucci, Moderna-Merk, SpaceX
00:38:13 – European PMI Data Preview
00:43:48 – Chart Talk
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Business
Anthropic IPO, AI Financing & Markets Rally
The Close brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today’s guests are Russell Investments President & CIO Kate El-Hillow, Harbor Capital Advisors Portfolio Manager Justin Menne, ValueEdge Advisors Chair Nell Minow, Strategic Value Partners Founder & CIO Victor Khosla, Moderna CEO Stéphane Bancel, Barclays Head of US Equity Strategy, Global Equity Linked Strategies Venu Krishna, The IPO Initiative Director Jay Ritter, Willow Wealth CEO Mitch Caplan, Duke’s Mayo Company E. Yuri Hermida, Once Upon a Farm Co-Founder & Chief Brand Officer Jennifer Garner, & Edward Jones Head of Policy, Regulatory & Government Relations Andy Blocker.
Chapters:
00:00:00 Bloomberg The Close
00:03:10 Russell Investments on Anthropic, AI Risk & Diversification
00:08:29 Fed Outlook, Higher Rates & the Cost of Capital
00:10:01 Anthropic’s Growth, Valuation & AI Ecosystem
00:16:38 Anthropic Governance, Shareholder Risk & IPO Concerns
00:22:07 DoorDash-Instacart Deal Talks & Breaking M&A News
00:23:10 Strategic Value Partners on Credit Risk & the AI Economy
00:29:38 Moderna CEO on Cancer Vaccine Data & FDA Approval
00:34:43 DoorDash, Instacart & Markets Head Toward the Close
00:37:31 Barclays on AI Financing, Meta Debt & CoreWeave
00:43:29 The Closing Bell
00:47:01 Market Movers: Microsoft, Bloom Energy & Instacart
00:52:46 Anthropic IPO: Inside the S-1, Growth & Risks
00:56:40 Anthropic Valuation, Competition & IPO Outlook
01:02:12 Private Markets, Anthropic & Democratizing Access
01:08:44 Duke’s Mayo CEO on National Expansion & Brand Growth
01:15:55 Jennifer Garner on Once Upon a Farm & Healthy Kids
01:21:10 Affordability, WIC & Jennifer Garner’s Mission
01:24:23 Midterm Elections, Affordability & Investor Impact
01:29:00 What to Watch
——–
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Business
Farage Quits as MP Vowing To Contest By-Election
Nigel Farage has quit as an MP — vowing to fight the resulting by-election in Clacton.
The shock announcement comes after increasing scrutiny over undeclared gifts the Reform UK leader received in the run-up to the 2024 general election.
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Business
NSE CEO on Growth After Landmark India Stock Market Listing
After NSE’s blockbuster IPO and stock market debut, CEO Ashishkumar Chauhan discusses the exchange’s growth opportunities beyond derivatives. He explains plans to expand commodities, bonds and gold-linked products while broadening investor participation in India’s capital markets.
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Business
Blackstone’s Schwarzman Discovered the AI Revolution by Accident
Blackstone CEO Stephen Schwarzman explains how Jack ma helped him discover the AI revolution “by accident” in 2015. He shares his story on the next “Leaders With Francine Lacqua.”
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Business
OpenAI Targets $1.25 Trillion Valuation in New Funding Round
A rout in the artificial intelligence trade faded, offering global stock investors some respite in the final session of a volatile week, with further gains in oil prices keeping sentiment cautious.
Bloomberg has learned OpenAI, which is seeking to raise around $30 billion in a fresh funding round, is now targeting a valuation of $1.25 trillion during the final stages of negotiations.
French authorities are bracing for a new round of protests Saturday, rolling out the military to back up police in a bid to prevent a repeat of last weekend’s riots and reassure markets unnerved by the violence.
Today’s guests: Geoff Yu, BNY Senior Market Strategist; James Murray, Financial Secretary to the UK Treasury; Martin Quencez, German Marshall Fund of the United States Senior Fellow & Special Adviser to the President; Oskar Lewnowski, Orion Resource Partners Founder & Group CEO
—
“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 – Tech trade under pressure
00:03:00 – Oil rises as Middle East tensions ratchet up
00:04:25 – Treasuries surge as worldwide worries spark rush to safety
00:07:39 – France braces for more protests
00:16:58 – BlackRock’s Schwarzman on AI buildout
00:19:40 – Interview: James Murray, Financial Secretary to UK Treasury
00:28:54 – US midterms lookahead
00:32:07 – Israel gears up for elections
00:39:34 – Earnings in focus: Kering slumps
00:43:26 – Critical minerals race intensifies
——–
More on Bloomberg Television and Markets
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