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Isomorphic Labs' $40B Valuation; WHO Urges Russia Plague Transparency

2 days 13 hours ago
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from Brussels, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show, the global stock rally ground to a halt, as Brent crude climbed above $102 a barrel on renewed Middle East tensions. The EU is striking a more assertive approach with China ahead of trade chief Maroš Šefčovič's meeting with Chinese Commerce Minister Wang Wentao. The bloc is seeking to address a trade deficit that exceeds $1 billion a day. Bloomberg has learnt that Isomorphic Labs, the AI-powered drug discovery startup spun out of Google DeepMind, is in early talks to raise new funds at a valuation of at least $40 billion. Today's guest: Elvire Fabry, Jacques Delors Institute, Trade and Economic Security Program Director. (Source: Bloomberg)

Oil Gains as US Said to Consider Iran Strike Options

2 days 13 hours ago
Oil rose after a report that the Trump administration asked the Pentagon to draw up strike options against Iran that could be executed before the midterm elections, and as a hurricane forced some US output to shut. Bloomberg's Stephen Stapczynski has more. (Source: Bloomberg)

EU Striking Harder Line on China's Trade Gap

2 days 14 hours ago
The European Union is striking a more assertive approach to China as the bloc's trade chief, Maros Sefcovic, heads into two days of negotiations in Beijing. The EU is preparing safeguards to limit imports of Chinese hybrid cars after their sales surged in Europe, which may be seen as an escalation. Bloomberg's Minmin Low and Oliver Crook break down the situation. (Source: Bloomberg)
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