Snowflake CEO Shares M&A, Partnership Approach

Snowflake CEO Sridhar Ramaswamy discusses the company's latest acquisition of Crunchy Data and its partnership with the LA Olympics. Ramaswamy joins Bloomberg's Caroline Hyde ahead of the Snowflake Summit. (Source: Bloomberg)

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Bloomberg

20 minutes ago

• Bloomberg

Netherlands Defence Minister: NATO-wide 5% defence spend would be "historic"

Ruben Brekelmans, Netherlands Minister of Defence said they and their European partners support President Donald Trump's calls to encourage Iran to the negotiation table in order to "come to a sustainable solution". Speaking about the upcoming NATO meeting, he told Bloomberg's Oliver Crook "if we agree to 5% spending on core defence and defence-related matters, that would be a historic step" and said it would be of particular significance "if 32 allies in unity agree on this". (Source: Bloomberg)

Yahoo

30 minutes ago

• Yahoo

Israel Ups Iran Attacks as World Awaits Response to US Strikes

(Bloomberg) -- Israel ratcheted up attacks on Iran even as Tehran vowed to retaliate against US strikes on its nuclear facilities over the weekend, fueling fears of a wider war in the Middle East and rattling global markets. Bezos Wedding Draws Protests, Soul-Searching Over Tourism in Venice One Architect's Quest to Save Mumbai's Heritage From Disappearing NYC Congestion Toll Cuts Manhattan Gridlock by 25%, RPA Reports Israel launched a fresh attack on Iran's Fordow nuclear site to obstruct access routes, its military said. It also struck targets including airports and an internal-security headquarters run by the Islamic Revolutionary Guard Corps, Defense Minister Israel Katz said. Israel, he said, is acting with 'unprecedented force.' The Islamic Republic fired another missile against Israel on Monday, though its attacks appear to be waning. Subscribe to the Bloomberg Daybreak Podcast on Apple, Spotify and other Podcast Platforms. Tehran has yet to announce whether or how it might strike American targets in the Middle East. Its envoy for the International Atomic Energy Agency said the weekend strikes have delivered an 'irreparable blow' to the Nuclear Non-Proliferation Treaty, rendering it ineffective. He did not specify whether Iran would look to leave the NPT, something that would probably mean the United Nations' nuclear watchdog can no longer inspect the country's atomic facilities. US President Donald Trump's decision to deploy bunker-busting bombs and cruise missiles on the country's three main nuclear sites on Sunday pushed the Middle East into uncharted territory and boosted risks in a global economy already facing severe uncertainty over his trade wars. After a nervous start to the trading week, in which Brent crude advanced as much as 5.7%, oil prices ended up fluctuating and US equity futures inched higher on bets that Iran's response to the US strikes won't ultimately disrupt the flow of energy from the Middle East significantly. Global bonds still fell on concern the conflict could fan inflation. 'An expanding conflict adds to the risk of higher oil prices and an upward impulse to inflation,' said Bloomberg Economics analysts including Ziad Daoud. Major airlines including British Airways and Singapore Airlines Ltd. canceled flights to the Persian Gulf, disrupting air traffic to critical hubs such as Dubai. The extensive US operation — which targeted nuclear sites at Fordow, Natanz, and Isfahan — included 125 aircraft, strikes by Tomahawk missiles from a submarine and the use of 14 Massive Ordnance Penetrator bombs, the first time the large bunker busters were used in combat. It also marked the US entry into the war that began on June 13 when Israel unleashed attacks on Iran's nuclear and military facilities, and killed senior commanders and atomic scientists. US Defense Secretary Pete Hegseth said the strikes had a 'limited' objective, focused on destroying Iran's atomic program. At the United Nations on Sunday, Iranian Ambassador Amir Saeid Iravani told an emergency Security Council meeting that the 'timing, nature and scale' of Tehran's response 'will be decided by its armed forces.' The IRGC which answers to the Iran's Supreme Leader Ayatollah Ali Khamenei, said it would continue targeting Israel and cited American bases in the region as a vulnerability for the US, without openly threatening them. Trump said he would respond with 'far greater' force to any Iranian retaliation on US assets. He also floated the possibility of regime change in Iran, although US officials, including Secretary of State Marco Rubio, have said that's not their objective. Israeli officials have said that while toppling Iranian government isn't a war objective, their attacks could undermine the government so much as to ensure that happens. Fordow Damage Trump said the three nuclear sites US bombers hit were 'totally obliterated.' Others were more cautious, especially in the case of the enrichment site at Fordow that's deep underground. Hegseth and Dan Caine, the chairman of the Joint Chiefs of Staff, were among the US officials who said the extent of the damage wasn't yet clear. The head of the International Atomic Energy Agency, which officially has the task of monitoring Iran's program, on Monday said that 'very significant damage is expected to have occurred' at Fordow. 'Craters are now visible,' Director General Rafael Grossi said. One concern for the IAEA is that it no longer knows the location of Iran's more than 400 kilograms of uranium enriched to 60%, a level not far off what's needed to make a nuclear bomb. Hormuz Traffic A key area of focus for global markets fretting about Iran's possible venues for retaliation is the Strait of Hormuz, a major artery for the world's oil and gas. Iran's parliament called for the closure of the strait, according to state-run TV on Sunday. But such a move — unprecedented in the Islamic Republic's nearly five-decade history — could not proceed though without the approval of Khamenei, the supreme leader. His office controls decisions of this magnitude, typically in coordination typically with the Supreme National Security Council. Naval forces in the region warned that ships, especially US-linked ones, could be at heightened risk. Greece, home to more oil-tanker capacity than any other nation, cautioned its vessels owners to think again if they're considering entering the Persian Gulf. Two supertankers both capable of hauling about 2 million barrels of crude U-turned in the strait on Sunday. They entered the waterway and then abruptly changed course. One factor that may complicate Iran's decision on how to retaliate is that it is largely isolated on the world stage. Its top allies — Russia and China — are offering only rhetorical support, while the militia groups Tehran has armed and funded for years are refusing or unable to enter the fight. Russian officials have made it clear that a cooperation treaty the two countries signed in January doesn't include mutual-defense obligations. And China, which gets many of its oil and liquefied natural gas imports from the Gulf, including Iran, said it's willing to join international efforts to restore peace in the Middle East. Iranian Foreign Minister Abbas Araghchi met Russian President Vladimir Putin in Moscow on Monday. Putin denounced 'absolutely unprovoked aggression' against Iran. Italian Foreign Minister Antonio Tajani, meanwhile, said he had spoken with Rubio and invited Washington and Tehran to Rome for peace talks. He added he would soon speak to Araghchi. Rome, which enjoys good relations both with the US and Iran, hosted two rounds of nuclear talks between the two countries this year. --With assistance from Donato Paolo Mancini and Henry Meyer. Luxury Counterfeiters Keep Outsmarting the Makers of $10,000 Handbags Is Mark Cuban the Loudmouth Billionaire that Democrats Need for 2028? Ken Griffin on Trump, Harvard and Why Novice Investors Won't Beat the Pros The US Has More Copper Than China But No Way to Refine All of It Can 'MAMUWT' Be to Musk What 'TACO' Is to Trump? ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Bloomberg

an hour ago

• Bloomberg

Dollar Surges as Mideast Escalation Spurs Inflation Risk

The dollar rose to the highest level in nearly a month as US strikes on Iran spurred demand for the haven currency while underscoring the risks posed by climbing oil prices. The Bloomberg Dollar Spot index gained as much as 0.6% to hit levels last seen on May 30 as investors worried that higher oil prices could stoke inflation and prevent the Federal Reserve from cutting interest rates. The greenback jumped more than 1% versus the yen, extending gains during London trading on reports that Israel had launched a fresh attack on a key Iranian nuclear site.