The Federal Trade Commission recently launched an antitrust investigation into the rising costs of fertilizer in the US, the agency’s head said at an event in Texas on Thursday.

Federal Reserve Bank of St. Louis President Alberto Musalem says the central bank is missing on the inflation side of its mandate during an interview with Bloomberg's Stephanie Flanders at a central banking conference in Iceland. (Source: Bloomberg)

Pacific Investment Management Co.’s leveraged finance chief urged investors to be cautious with the high-yield debt that finances data centers, where winners and losers are starting to emerge as issuance booms.

Acquisition expands Myrtle Beach portfolio to three properties Acquisition expands Myrtle Beach portfolio to three properties

S&P 500 and Nasdaq reach highs as US and Iran agree to extend ceasefire Reuters

Focus: Baton Rouge to Melbourne: Iran war and rising prices upend jet fuel trade Reuters

Blockade in Strait of Hormuz has removed up to 13mn barrels a day from global markets and drawn down ‘shock absorbers’

Dan Ahrens, CIO & portfolio manager at AdvisorShares, joins Katie Greifeld and Eric Balchunas on "Bloomberg ETF IQ." They discuss the AdvisorShares Psychedelics ETF (ticker: PSIL). (Source: Bloomberg)

David Forgash, managing director and head of leveraged finance at Pimco, joins Dani Burger on "Bloomberg ETF IQ." They speak at the Goldman Sachs Annual Leveraged Finance Conference in Dana Point, California. (Source: Bloomberg)

Treasury Secretary Scott Bessent said that President Trump will not make a bad deal with Iran amid reports of a 60-day truce extension waiting the president's approval. Bessent, speaking at the White House press briefing, outlined President Trump's conditions for a deal with Iran, saying that for a