Alphabet's Bond Spree, Epstein's Confidante Takes the 5th, More

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What is the main topic discussed in this episode?

Unknown 0:00
The UK stands apart as a place to do business, not because of one advantage, but many working together. Over £10 trillion in capital, four of the world's top universities, a 10-year industrial strategy in action, its stability with dynamism, global reach with local depth. It all adds up to greater growth. Find out more at business.gov.uk slash growth.
Amy Morris 0:29
News when you want it with Bloomberg News Now. I'm Amy Morris. Sources tell Bloomberg that Alphabet has attracted more than $100 billion in orders for a bond sale that's expected to be about $20 billion. Bloomberg Tech host Caroline Hyde reports it's the latest salvo in an expected $650 billion AI spending spree from big tech this year.
Unknown 0:50
Bloomberg Intelligence is saying Google or Alphabet, the parent company, has a rock solid double A credit rating. It is best in class in terms of its overall balance sheet. You don't need to worry here.
Amy Morris 1:01
Bloomberg's Caroline Hyde. The demand is among the strongest ever seen for a corporate bond offering, showing investor hunger to buy debt that's tied to the artificial intelligence boom. Another rally in tech companies after last week's AI driven route drove stocks higher. We do check those markets for you all day long here at Bloomberg. The S&P 500 up 0.5%, NASDAQ up 1%, the Dow is little changed on the upside. 10-year Treasury yield at 4.2%, the 2-year yield at 3.48%. Spot gold now 1.5% higher, Bitcoin 0.6% lower. Chinese regulators have advised financial institutions to rein in their holdings of U.S. Treasuries, citing concerns over concentration risks and market volatility. A Hong Kong court, meanwhile, sentenced former media mogul and pro-democracy activist Jimmy Lai to 20 years in prison for collusion and sedition charges under a 2020 Beijing-imposed national security law.
Amy Morris 1:58
The sentence has prompted intense international scrutiny. Western governments are calling for Lai's release on humanitarian grounds. Ghislaine Maxwell refused to answer questions from a House committee invoking her Fifth Amendment rights. Committee Chair Congressman James Comer.
Unknown 2:13
As expected, Ghislaine Maxwell took the fifth and refused to answer any questions. This obviously is very disappointing. We had many questions to ask about the crimes she and Epstein committed.
Amy Morris 2:23
The former girlfriend and confidant of Jeffrey Epstein was to be questioned during a video call. to the federal prison camp in Texas where she is serving a 20-year sentence for sex trafficking. The fallout from the Jeffrey Epstein files is spreading overseas. UK Prime Minister Keir Starmer facing a high-profile call to resign after he appointed Peter Mandelson as U.S.

What significant bond sale is Alphabet undertaking?

Amy Morris 2:43
ambassador, despite his ties to the late sex offender.
Anas Sarwar 2:46
The distraction needs to end and the leadership in Downing Street has to change.
Amy Morris 2:53
Scottish Labour Party leader Anas Sarwar this morning. Two of Starmer's top aides have already resigned. Buckingham Palace says King Charles III will support UK police assessing reports that the former Prince Andrew gave confidential information to Epstein. The statement came after police said they were examining reports that the former prince sent those trade reports to Epstein back in 2010. Commerce Secretary Howard Lutnick is facing bipartisan calls to resign after he appeared in a recent batch of the Epstein files. Politico reports after Lutnick downplayed his relationship with Epstein, vowing to never again be in the same room with him, files released by the Justice Department show he continued their relationship, including planning a visit to his island.
Amy Morris 3:36
Novo Nordisk is suing hims and hers health, even after the telehealth firm scrapped plans to sell a copyright version of Novo's Wagobe weight loss pill.

How is Alphabet's bond offering related to the AI spending spree?

Amy Morris 3:45
Bloomberg Intelligence Senior Pharma Analyst Sam Fazelli says that reversal is already a reprieve for Novo.
Sam Fazelli 3:52
It could be a bigger reprieve if they decide to also not continue with the injectable version. That's a lot easier. There was a period where they were allowed to because there was lack of supply. Then the FDA, I think, didn't do much when supply came back on and the compounders still carried on.

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