Karen Moscow

Sources tell Bloomberg OpenAI is close to finalizing the first phase of a new funding round that's likely to bring in more than $100 billion.

It's a record-breaking financing deal that would give the startup additional capital to build out its artificial intelligence tools.

For the first time, Steve Cohen, the billionaire owner of the New York Mets, tops Bloomberg's annual list of the world's best-paid hedge fund managers.

Cohen's take from his hedge fund, .72 Asset Management, totaled a cool $3.4 billion in 2025.

according to Bloomberg calculations.

Oil is extending its biggest daily gain since October on concerns that the U.S.

and Iran are inching closer to a fresh conflict.

Axios reported that a major U.S.

military operation in the Middle East could begin soon and that Israel's government is pushing for a scenario targeting regime change in the Islamic Republic.

NYMEX crude oil is up 2.3% at $66.70 a barrel.

Brent is at $71.82.

Meanwhile, futures are lower, with S&P futures down 0.25%.

So are Dow futures.

NASDAQ futures down 0.3%.

10-year Treasury yield 4.09%.

And at the Olympics, Norway continues to lead the medal count with 33 overall.

15 of them are gold.

The U.S.

is in third.

It has seven gold medals and 24 overall.