Asset manager Hillhouse Investment is in talks with banks for a loan of about $600 million to fund its investment in data center operator DayOne Data Centers Ltd., according to people familiar with the matter.

A pair trade is emerging in China’s artificial intelligence sector, with investors piling into the perceived winner and betting against its rival seen as losing ground in the race to build commercially viable AI models.

BWX Technologies Inc. has struck a deal to license its design for a small modular reactor, after activist investor Ananym Capital Management pushed the nuclear technology company to consider commercializing it.

Microsoft Corp. has built a big business selling AI models to Chinese companies despite the growing rivalry between the US and China over artificial intelligence.

Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are DoubleLine Capital Portfolio Manager Ken Shinoda, Former Federal Reserve Vice Chair Alan Blinder, The Conference Board Chief Economist Dana Peterson, Former FDIC Chair Sheila Bair, & Barings’ High Yield Portfolio Manager Kelly Burton. (Source: Bloomberg)

Ho K. Nieh, chair of the US Nuclear Regulatory Committee, said that the NRC has taken 'major steps' to reform its framework for licensing nuclear plants and how it conducts regulatory checks as the Trump administration looks to increase the amount of nuclear energy projects in the United States. Nieh said that despite reforms the NRC remains a 'strong regulator' and could not yet reveal which regulations were under review. (Source: Bloomberg)

Sheila Bair, former FDIC Chair and Senior Fellow at the Center for Financial Stability, shared her assessment of Federal Reserve Chair Kevin Warsh's first meeting and press conference. Bair commended Warsh for his measured and judicious communication, particularly his firm commitment to price stability and cautious approach to economic projections. She speaks with Romaine Bostick & Katie Greifeld on "The Close." (Source: Bloomberg)

Should Elon Musk merge SpaceX and Tesla, into one company? There’s huge conflicts of interest here, Bloomberg Opinion columnist Liam Denning says. (Source: Bloomberg)