From Bloomberg Markets and Finance.
OpenAI is in early talks about a potential sale of stock for current and former employees at a valuation of about $500 billion, people briefed on the investment discussions said, marking an enormous gain in value for the artificial intelligence leader. The company is targeting a secondary stock sale in the billions of dollars, the people said, asking to remain anonymous because they weren’t authorized to discuss the matter publicly. If the deal goes ahead, it would elevate OpenAI’s on-paper price tag by roughly two-thirds. In trade news, President Donald Trump said he’d impose increased tariffs on countries buying energy from Russia while clarifying that levies on semiconductor and pharmaceutical imports would be announced “within the next week or so.” Meanwhile Swiss President Karin Keller-Sutter arrived in Washington to make a last-minute bid for a deal to lower the 39% tariff imposed by Trump last week.
Today’s guests: Kim Crawford, JPMorgan Asset Management Global Rates Portfolio Manager, Karsten Munk Knudsen, Novo Nordisk CFO
"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
00:00:58 – Swiss President in US to Make Tariff Appeal
00:03:45 – India Keeps Rates Unchanged as Tariff Uncertainty Looms
00:08:21 – US Services Activity Nearly Stagnates
00:12:02 – Kim Crawford, JPMorgan Asset Management Global Rates Portfolio Manager
00:19:09 – Karsten Munk Knudsen, Novo Nordisk CFO
00:35:14 – Russia Mulls Ukraine Air-Truce Offer to Trump
00:37:27 – Commerzbank CEO: Investor Talks With UniCredit are ‘Difficult’
00:46:43 – US Arrests China Nationals on Nvidia Chip Exports
00:47:42 – OpenAI Mulls Share Sale at $500B Valuation
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