Erika Herskowitz

with the U.S.

Treasury Department set to transfer the full amount of the fund in mid-July.

Dell Technology shares are soaring 28 percent after the hardware maker gave an outlook for annual sales that far surpassed analysts' estimates, fueled by demand for servers that powered artificial intelligence work.

Dell CFO David Kennedy was a guest on Bloomberg Television.

Dell CFO David Kennedy, a guest on Bloomberg TV.

Gap is down nearly 17 percent.

Shares plunging after the apparel retailer lowered its sales outlook.

The latest setback for the company that has struggled with its product mix as it tries to win back shoppers.

We get more from Bloomberg's Charlie Pellett.

Anthropic's latest funding round has added the company's seven founders to the ranks of the world's 500 richest people, the most from one company to be added in a single day in Bloomberg Billionaire's index history.

The founders each own less than 1% of the company, but their individual stakes are worth about $8 billion after Anthropic raised $65 billion at a $965 billion valuation.

Anthropix founders have pledged to give away 80% of their fortunes, with the company's CEO expressing concern about the concentration of wealth that could come out of the AI industry and its potential effect on society.

A thanks but no thanks, Universal Music Group rejected an unsolicited offer from Bill Ackman's Pershing Square, saying it's not in the best interest of its shareholders or artists, who include Taylor Swift and Drake.

We check markets for you all day long here at Bloomberg.

And stocks are slightly higher on Wall Street as investors await approval of a truce with Iran.

The Dow is up a half percent.

The Nasdaq up a fraction.

The S&P ahead a tenth of a percent.

The 10-year Treasury yield at 4.45 percent.

The two-year Treasury yield at 4.01 percent.