US-China tensions, Stocks Slide | Open Interest 6/2/2025

Get a jump start on the US trading day with Matt Miller, Katie Greifeld and Sonali Basak on "Bloomberg Open Interest." Stocks slide after a weak manufacturing report. President Trump said he would double tariffs on on steel and aluminum to 50% from 25%, sending shares of metal manufacturers soaring today. And big deals in biotech. Sanofi will buy Blueprint Medicines for $9 billion, while Bristol-Myers Squibb announcing it will license a next-generation cancer drug from BioNTech for $11 billion. And we talk to the Starz CEO about the streaming company's first report since its separation from Liongate.

Chapters:
00:00:00 - Open Interest
00:03:53 - Trump: China Violated Our Agreement
00:06:31 - Trump To Hike Steel, Aluminum Tariffs
00:11:57 - HIGH INTEREST
00:14:23 - Air Travel Industry Weigh Trump Tariffs
00:23:31 - Trade Tensions Erode Risk Appetite | Stuart Kaiser, Citi
00:28:59 - Bristol to Pay Biontech Up to $11.1B in Cancer Deal
00:33:50 - Starz Adds $530K Streaming Subscribers in 4Q | Jeffrey Hirsch, Starz CEO
00:41:40 - Markets Fall After ISM Data
00:56:04 - Wall Street Beat | Private Credit
01:03:09 - Synthetic Stones Crash Natural Diamond Market | Ankur Daga, Angara
01:15:24 - Ernst Faces Blacklash over Medicaid Comments
01:17:10 - Trump's Tax Bill Faces Senate Hurdles | Henrietta Treyz, Veda Partners
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