Raising Cane's CEO on the Restaurant Chain's Expansion

US Commerce Secretary Howard Lutnick announced expectations for a significant investment pledge from Taiwan during ongoing trade talks, highlighting the strengthening economic ties between the two regions. This development is seen as a positive step in enhancing trade relations and mutual cooperation.

GB Energy, the UK's new state-owned energy company, aims to mobilize £15 billion ($20 billion) in private-sector financing to develop 15 gigawatts of clean power and storage assets by 2030. This initiative reflects a significant commitment to renewable energy amidst growing concerns over energy security.

Argentine President Javier Milei's upcoming labor reform plan is reigniting tensions between the country's traditional banks and its rapidly expanding financial technology platforms. This development highlights the ongoing struggle for dominance in Argentina's financial sector as both entities vie for market share and regulatory influence.

David Sambur, co-head of private equity at Apollo, highlighted the transformative impact of artificial intelligence on public markets during an interview with Romaine Bostick on Bloomberg's 'The Close.' He noted that companies not leveraging AI may struggle to find a place in the public markets by 2026.

Alexandra Wilson-Elizondo, co-CIO of GSAM Multi-Asset Solutions, anticipates that the Federal Reserve may implement at most two interest rate cuts next year, contingent on incoming economic data. This perspective was shared during an interview with Romaine Bostick on Bloomberg's 'The Close'.

Capital Group, a prominent active-only money manager, is planning a significant shift towards private markets after nearly a century of maintaining a low profile. This change comes as the firm faces increasing pressure from competitors and the growing popularity of passive investment strategies, which have impacted its traditional mutual fund business.

Japan has experienced a significant decline in the number of listed companies, reversing a decade-long trend of growth. This year, the number of listed firms has sharply decreased, despite Japan having nearly as many listed companies as the US, which has a much larger economy.

Scott Bessent is being considered to lead the National Economic Council while continuing his role as Treasury Secretary, as reported by Bloomberg. This potential dual role highlights the administration's strategy to streamline economic policy leadership amid ongoing economic challenges.