Investors' Skepticism of AI Valuations Rise

Snowflake's CEO, Sridhar Ramaswamy, highlights the benefits of their 'pay for consumption model' in a recent discussion on Bloomberg Tech. He shares insights about exciting new partnerships with tech giants Google and SAP, emphasizing how these collaborations enhance the utility of Snowflake's AI products for customers.

Kathy Wylde, the president and CEO of Partnership for New York City, reassures that a potential win by NYC Mayoral frontrunner Zohran Mamdani won't lead to a crisis for businesses or a mass departure of wealthy residents from the city.

New Yorkers are heading to the polls as Bloomberg Markets covers the latest market movements and key issues affecting Wall Street. Today's discussion features insights from former EPA Administrator Gina McCarthy and Bloomberg's Madison Muller and Myles Miller.

Senator Cynthia Lummis expressed her satisfaction with SEC Chair Gary Gensler during a recent interview on Bloomberg Crypto. She highlighted the passage of the GENIUS Act, which supports the broader use of stablecoins in the financial system, and discussed the upcoming crypto market-structure bill aimed at enhancing oversight of digital assets.

Grab's CFO Peter Oey recently shared insights on the company's impressive earnings, which have been driven by innovative product offerings. He joined Caroline Hyde and Ed Ludlow on Bloomberg Tech to discuss how their money-saving rides and delivery services are contributing to significant growth.

The Norway Wealth Fund, the largest sovereign wealth fund globally, has voted against Tesla's proposed $1 trillion pay package for Elon Musk. This decision raises questions about the implications for the upcoming shareholder vote, as discussed by Bloomberg's Craig Trudell with Caroline Hyde and Ed Ludlow.

Palantir's outlook has been raised by BofA Securities Analyst Mariana Perez Mora, who believes the company will thrive even if the AI bubble bursts. She shared insights on Palantir's strong earnings and its unique position in the AI sector during a discussion with Caroline Hyde and Ed Ludlow on Bloomberg Tech.

As New Yorkers prepare to vote for a new mayor, Democratic candidate Zohran Mamdani is leading in the polls against independent Andrew Cuomo. Mamdani expressed that any victory would be seen as a mandate, highlighting the significance of the upcoming election.

Kennedy-Wilson has received an exciting buyout proposal from its CEO and Fairfax Financial, indicating strong confidence in the company's future and potential growth.

Lilly and Novo are reportedly close to agreements that could lower the prices of obesity drugs and improve access to Medicare. This development is seen as a positive step towards making essential medications more affordable for those in need.

AMD has announced significant increases in both profits and sales for the third quarter, driven by its expansion into AI data centers and a rise in personal computer processor sales.

Today's trading day reflects the ongoing uncertainties in US politics, with investors closely monitoring market trends and economic indicators. The political landscape continues to influence trading decisions, leading to a cautious approach among market participants.

Ramaco Resources is set to launch a $300 million offering of convertible notes, signaling a strong move to attract investment and bolster its capital. This initiative reflects the company's confidence in its growth potential and aims to enhance its financial flexibility.

Apollo CEO Marc Rowan has reassured investors by addressing concerns about the market's health, highlighting the positive earnings in the private-credit sector.