Trump To Ease Mileage Rules In Bid To Curb Rising Car Prices

Silver prices have stabilized near record highs after a significant rally of approximately 17% over the past week, driven by traders betting on lower interest rates and ongoing supply constraints in the market. Gold prices remained relatively flat during this period.

Vikram Malhotra, a senior partner at McKinsey, discussed the increasing rate of CEO turnover during an appearance on Bloomberg's 'The Close,' emphasizing the need for companies to proactively plan for leadership transitions. He highlighted the impact of artificial intelligence and performance pressures on these changes.

The Trump administration has canceled interviews with finalists for the position of Federal Reserve chair, indicating that President Trump has likely made a decision regarding the leadership of the central bank. This move comes as Trump publicly endorses Kevin Hassett, a longtime adviser, as a leading candidate for the role.

Shaun Donovan, CEO of Enterprise Community Partners and former HUD Secretary, stated that the affordability crisis in the U.S. has reached unprecedented levels, marking it as the nation's top economic issue. He made these remarks during an interview with Katie Greifeld and Romaine Bostick on Bloomberg's 'The Close.'

Brazilian President Lula and former U.S. President Donald Trump engaged in a phone call to discuss trade and sanctions, highlighting ongoing economic relations between Brazil and the United States. This conversation comes amid fluctuating tariff policies affecting Brazilian exports, particularly in the coffee and beef sectors.

Check Point Software Technologies Ltd. is set to raise $1.5 billion through the issuance of a five-year zero-coupon convertible bond, with a portion of the proceeds earmarked for share buybacks.

UltraGreen.ai is set to begin trading on Wednesday morning in Singapore, marking the largest initial public offering in the city-state since 2017, excluding real estate investment trusts. The IPO raised $400 million, highlighting the company's significant entry into the market.

Medline Inc. is set to begin marketing its initial public offering (IPO) valued at $5 billion as early as Monday, positioning itself for a significant entry into the public market. This IPO is anticipated to be one of the largest listings in the United States for the year, reflecting the company's growth ambitions.