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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Ed Ludlow, BTech Co-Anchor, discusses news that Microsoft and OpenAI have agreed to drop the software giant’s exclusive right to sell the startup’s AI models. The new pact simplifies a complicated relationship and allows OpenAI to pursue deals with cloud-computing rivals like Amazon.com Inc.

-Bailey Lipschultz, Bloomberg News Senior Equities Reporter, discusses news that Billionaire Bill Ackman’s IPO of his closed-end fund and his alternative asset management company is expected to raise about $5 billion, the low end of the targeted fundraising range.

-John Butler, Bloomberg Intelligence Senior Telecom Analyst, discusses Verizon Communications reporting a gain of mobile subscribers, with 55,000 net new mobile phone customers, a year-over-year improvement of 340,000.

-Sid Philip, Bloomberg Chief Correspondent for Global Aviation, discusses news that United Airlines Chief Executive Officer Scott Kirby confirmed he approached American Airlines Group and that merger talks have ended.