Tempus AI宣布以约15亿美元收购癌症检测公司Personalis，但交易结构与盘中反应偏负面

【实时直播转录 · Bloomberg TV+】
来源:Bloomberg TV+(bloomberg 直播间 btv_us) · 标题:Bloomberg TV+
时段:2026-07-21 02:30–03:00(Asia/Shanghai),共 210 段
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[02:30] And others not, where is Israel and all of this and how much is are they- I don't, you know, their role?
[02:30] K of creating kind of where we are today Well, I would argue three years into a regional warm.
[02:30] Three years into a regional war, Israel is much worse off than it was at the outset before October 7th.
[02:30] There was a wave of Arab normalizations occurring with Israel, the UAE and Bahrain had already normalized and there was.
[02:30] talk of Saudi Arabia, the crown jewels of normalization also establishing ties with Israel now a few years later.
[02:30] That is absolutely off the table, Saudi Arabia, even if it wanted to, even if the crown prince wanted to go ahead with normalization with it.
[02:30] He wouldn't be able to do it simply because domestically it is so taboo right now, and that really speaks to how the region.
[02:30] Vis Israel, the populations, Arab populations in the Middle East view Israel, but also some of the leadership of the Gulf fair.
[02:31] States who now see Israel as a threat equal to, if not superior to Iran, because it is enabled.
[02:31] By the United States and a way that Iran just simply isn't So what fixes this diplomacy, war, war to the bitter end.
[02:31] Or nothing, you know, I did in a silly mood or just I don't know, thinking about, oh my gosh, you know, reading the headlines this morning.
[02:31] A poll on X, and I'm like, does it just kind of keep going on for a little bit longer the end?
[02:31] And soonon or is it the forever war, like I don't know.Honestly, I think right now we are on track.
[02:31] Towards this becoming the beginning of another forever war, both sides are being very stubborn in terms.
[02:31] Of ensuring the respect of their red lines in terms of shaping the negotiations, so they don't want to return to the negotiating table until those red lines.
[02:32] Have been established, and the other side understands them, and neither side seems to want to deescalate. And, of course, the only way to.
[02:32] EnThe only way to end this really is through diplomacy. More war will not resolve anything It may destroy.
[02:32] Infrastructure, it may destroy capabilities, but at the end of the day, it will only give more bitterness, more anger amongst the leadership.
[02:32] The countries that are facing this kind of war and ensure that they rebuild and this all restarts again and not scientific, I'm looking at my exp poll.
[02:32] One day, but I respect everybody who responded, it was U.S and Iran over soon, 13% continues to take longer.
[02:32] 42% forever war 45% so Dina, they agree with you Dina, what happened to the Iranians who?
[02:32] In February, the president thought would rise up and would sort of lead a new government or a lease.
[02:32] Show that there was some sort of resistance movement that would help to make a transition toward.
[02:33] A country that at least this this United States government wants to see well, they've been distracted.
[02:33] They've been distracted by facing incoming bombs and missiles for the better part of the last two, three months that will.
[02:33] sure that the Iranian population doesn't focus on the shortcomings of their government, but rather on the fact that they are facing war.
[02:33] And they are facing a dire economic situation and unemployment and hopelessness, so their attention has been refocused on something.
[02:33] the other thing that's happened, and this is pretty normal for a wartime situation is that war has allowed the Islamic republics.
[02:33] Leadership to regain control of the streets under the guise of war, they have re establishedablished checkpoints throughout the country.
[02:33] They have reestablished some control ensuring that people no longer come out and demonstrates.
[02:34] So expressions of discontent have really been quelled, which means that essentially what this war did was by the government time.😊
[02:34] I'm looking forward to your next PhD paper because I am curious to see where this all goes.
[02:34] Just pretty amazing and just even also to see shifting US sentiment when it comes to something like Israel, there's a lot of great statistics and research.
[02:34] In this piece, Dina, we knew we wanted to talk to you, so thank you so much, we know it's later over there in Geneva, but thank you so much, always, always.
[02:34] Appreciate your time that of course, is Dina Ependiri, she is geoeconomics analyst, she focuses specifically.
[02:34] On the Middle East, so highly recommend to you check out this story by our team, it was a Bloomberg big take and it is on the Bloomberg and at Bloomberg do.
[02:34] She of course is with the bloomberg economics team joining us from Geneva mayy coming up next wall Street alchemists are tapping insurers to unfreeze private.
[02:34] Markets have we seen something like this before?
[02:35] Western countries, all of them are cutting funding to Africa.
[02:36] 🎼Some of these programs were supported by funding coming from Western countries, like for human resources for.
[02:36] Testing for transportation of samples and suddenly African countries have to think.
[02:36] 🎼How to fund money and to cover this gap, but it takes some time.
[02:36] 🎼all of these factors are fueling this mistrust that we see at community level.
[02:36] 🎼The support we got and we are still getting from the US and we think that if we continue to work together and.
[02:36] 🎼There is no reason for the US network of Africa CDC, Africa CDC is the leader in terms of public health in Africa.😊
[02:36] 🎼Bringing you up to the minute space news whenever and wherever it happens.😡
[02:36] 🎼I'm Ed Ludlow at NASA's Kennedy Space Center in Florida and this is Bloomberg in case you missed it on Daybreak here.
[02:37] 🎼We're talk going with the EU regulator on this though Look, as I told you, I interact a lot with Americans and Chinese players.
[02:37] And we see Trump fighting for their companies all the time. We see the Chinese fighting for their companies all the time. here in Europe, I feel I'm fighting against Europe.
[02:37] regulatorulators, not that they are fighting for us. They are fighting against us. It's a big mistake because we need to have really big global tech leaders in Europe.
[02:37] 🎼week.
[02:37] People have written that your bank re is worth $75 billion. Have you ever thought of taking your organization.
[02:37] 🎼the way I think about it, kind of will be ready probably in two years time, but then again depends.
[02:37] How good the market is, since you don't have an IPO, how does people who work for you make some money you make a market for people to sell?
[02:38] 🎼shares internally, so we do secondaryaries every one or two years when people can sell certain portion of the.
[02:38] So you've done secondary sales for your employees so employees can then get some liquidity Duke.
[02:38] Ex before you go public, you'll do any more of those or you just want to wait to go public before you liquy any more stock so we.
[02:38] 🎼As well before we do IPO because we do it every one or two years, so we might do second result All right, well if anybody wants to sell their.
[02:38] Let me know and have any investment bankers told you why they're the best to do the IPO for you best.
[02:38] You're not in a rush to do it, you don't need the money so we're a bank and then for the bank it's super important to have trust.
[02:38] And then public companies are trusted more compared to private companies, so there's the reason.
[02:38] Asia is at the forefront.
[02:39] 🎼U some of the world's biggest stories and we're here where the action starts in Sydney and in Tokyo, yet ahead as the global trading D.
[02:39] 🎼The Asia trade Weekdays only on Bloomberg next week on leaders with me Franie Laqua.
[02:39] I speak to Vialkaur, the chief executive of Honeywell about his family's reaction to him getting the top job to get.
[02:39] His advice for workers in dealing with the growth of AI as humans, we have to always raise our skills and how he's learning about management today.
[02:39] You can watch a lot, you know, YouTube so tune into the podcast version of leaders with Franine Laqua listen and watch on Bloomberg television.
[02:39] Wherever you get your podcasts bringing you up to the minute geopolitical news whenever and wherever it happens.
[02:39] Andw hourn in Annkra Turkey, this is bloomloberg.
[02:40] It's 240 on Wall Street, we do check markets all day along here at Bloomberg.
[02:40] S& change Semi stocks are rallying oil is higher, but we got to begin with the big business story today that involves paramount.
[02:40] Warner Brothers federal judge in Oakland has temporarily paused paramounts $110 billion.
[02:40] over of warner Brothers discovery, the judge ordered the companies to hold off on consummating the deal for 14 days paramount.
[02:40] Walner Brothers had hoped to close this deal as soon as July 22, you'll recall that California and 11 other states sued to block.
[02:40] Hollywood Mega mergerger on July 13th shares of both companies are trading lower Paramount Sky dance down now by3 tenth0s of 1%.
[02:40] Wner Brothers discoveryy Lauren Al by 3% stocks have halted back to back losses as chip makers bound.
[02:40] Right now, the S&P up barely up by half a point, the Dow in the red by 278 points down 5 tenth0 to1%.
[02:41] S&P just turning lower by one point now Nasdaq holding onto a gain of 64 points up by about 3 tenths of 1%.
[02:41] Semis are advancing well off session highs with the socks, the Philadelphia Stock Exchange semiconductorduct index up now by 1.3.
[02:41] We've got the10 year yielding 4.59% with a two year, 4.21% goal down to $11 a year.
[02:41] D3 tenth0 of 1% and West Texas intermediatecced it's been bouncing around the WTF 1.2%.
[02:41] 849l brent, 8944 by 15 percent newsi.
[02:41] A technology company developing AI for the healthcare industry has agreed to buy personals that's a fellow biotech company focused on.
[02:41] Cancer testing shares of both companies are lower right now we got temps down by 7% trading lower.
[02:42] By 13.1% on demand news 24 hours a day, to Bloomberg wherever you get your.
[02:42] Cas Carolyn Tim, thats a Bloomberg business fly. All right Charlie, thanks so much. Hey, a story that caught our attention this morning about a product that bundles.
[02:42] Stakes and private credit funds into a bond with a target rate of A2 from Moy's backed by a rare kind of insurance.
[02:42] Nesting doll it's exactly pink, but not every nesting, doll, maybe you should get an A2 rating.
[02:42] it's a rapidly evolving realm of fund to finance where creative bankers and advisors devise ways to unlock cash tied up in private assets.
[02:42] It's investment grade debt that can be sold to insurers and pension systems Yeah, it has an oddly familiar feel to it, but we're not saying everything oranges.
[02:42] Maybe it's not oranges to oranges, but it does have us wondering what could possibly go wrong here, Tim.
[02:42] about their reporting and it's a Bberg exclusive, the story today's Bberg big take, s Carpenter iss here with us, he's a bloomberg news credit reporter he's here in the studio.
[02:43] Also in the Bloomberg LA Bureau, Davidvi de Shiluo, he's Bloomberg New chief correspondent for Private capital, big welcome to both.
[02:43] Scott, you're here with us, so I'm going to give you the first one, what is going on here, walk us through it sure.
[02:43] So private credit funds and private equity funds need cash, they've been slow to sell investments, that's a story where I'll probably fit.
[02:43] This is one of the innovative ways that they're doing it. It's a universe called fund finance. They take share.
[02:43] Funds, they put them into special vehicles, they issue bonds, so you're turning equity with the shares of the funds into debt.
[02:43] In doinging that, you enable a lot of investment into the fund, and that's exactly what they want, they need a new source of dollars.
[02:43] So he said innovative, Dovaate, come on in on this, tell us about a specific deal that kicks off this story that UBS is up to.
[02:44] Yeah, we've reported about a deal that UBS has proposed, similar one that partnersner group has executed already on.
[02:44] Of everything that Scott just described, we have an insurance policy written by nationwide that ensures the majority of that.
[02:44] Action against losses. And what that does is it boosts the rating all the way up to82. these deals typically.
[02:44] Either are not rated or if they're rated, they would get a mix of like tripleB, single B ratings, so the insurance policy is what really.
[02:44] Charges this transaction and gives it a much higher rating, allowing other insurance companies on the other hand, to buy it more easily.
[02:44] Greatade A2 from Moody's the bundling all of it. And yet you guys write in the story, quote, yet potential buyers needed only a few moments to.
[02:44] lip through the presentation and realize Davaday, it was no routine deal. What did they see?
[02:44] Insurance wrapping as this structure is called, is still quite rare in the world of fund finance. So you see a lot trends.
[02:45] Where there is the slicing and dicing in different tranches, very few where a majority of the transaction gets a single a rating.
[02:45] LikeIn this case Okay, yeah, go ahead, what could possibly go wrong, Scott, No, help me out here, I'm being silly and funny because I've lived there.
[02:45] We've all lived through the great financial crisis and we just want to be smart here we already when we talk private credit, a lack of transparency now.
[02:45] Those who issue private credits said listen, you know, there are good private credit issuers and there are those who don't and there are those who really are only going to get involved in.
[02:45] SmarSo I don't know. there's so much money sloshing around that says to me there's going to be a lot of deals that don't deserve that top.
[02:45] That rating of a2 sure, yeah, a couple of things for one thing, it's important to point out this.
[02:45] This deal was only a proposal, and so we don't know if it sort of reached conclusion and actually.
[02:46] Moooy's and nationwide say they did not have anything to do with this, so this was a proposal what it shows you is.
[02:46] There's an appetite for it, and they're doing different things. The other thing is the purpose of this.
[02:46] Is to bring in insurance investors, there is a ton of insurance money out there right now. a lot of people are retiring.
[02:46] And they're buying annuities, those that cash needs to be invested in something that's investment grade, This allows you to turn something into.
[02:46] And then get it investment grade. That's the goal. Are there parallels to precris, This is a big question that comes up a lot.
[02:46] In structured finance, which is an area that I write about. And I would say it's worth paying attention.
[02:46] And there are people that look at this and have some concerns, but there's a lot less of it going on.
[02:46] Than before, specifically the insurance stuff, go on Well, I was going to say you say it's worth paying attention to I'm getting a comment from.
[02:47] listening or watching right now, he says, this sounds wild to me only in a bull market, he argues.
[02:47] Is he right that it's wild, it definitely shows you something that people are innovating.
[02:47] Really, really want to connect these two universes. On the one hand, you've got the funds that need cash on the other hand.
[02:47] Insurance companies that have cash. You need to connect them. And that's the financial engineering that's happening. Okay, so Dava day come on back, is this about investors.
[02:47] Chasing a good investment or about an investment chasing investors because private credit issuers need to put money to work.
[02:47] arges a little bit of both. You can make a case that financial markets are there to distribute kind of risk and returns to investors who willing.
[02:47] To take it, so the point of structure finance and securitization is to do that and allocate risk, I think one issue that people.
[02:48] I've highlighted here is that if there is a proliferation of these deals and all of a sudden nationwide is taking a lot of exposure in this time.
[02:48] Of transactions, they're actually creating a connection between two parts of the financial system that wasn't there before. So if something were to happen to nationwide and their.
[02:48] A rating that has nothing to do with private credit or private markets, and they get downgraded. all of a sudden, all of the issuances that they have.
[02:48] Rrapped would get downgraded as well. Carol, you always remind us about the rating agency's role in this stuff.
[02:48] Is there the same you always bring that up is there the same conflict of interest potentially the conflict of interest with?
[02:48] You want to get business, you know you have an incentive to, that's a yes, well, I mean, it's there, I mean the ratings.
[02:48] Agencies, of course, have different divisions, and so in theory, they are insulated from that, but it's, I suppose it's an open question do.
[02:48] We just got to wrap up and just got about 30, 40 seconds, Scott, you know, in doing this story, you and the team, what do you think?
[02:49] Auds who listens to us talk about private credit day in and day out, what should they be kind of watching out for or take away from this just quickly?
[02:49] of whether we see the innovations continue to push into these new directions.
[02:49] This is not completely out of the blue, like we have had seen these before. We're seeing more of it, we're seeing more of an appetite. So if we see continued more.
[02:49] More of the risk taking in this area in fund finance, that's something to pay attention to for sure. Dava day,10 seconds, is UBS going to do this deal?
[02:49] 🎼Have you heard anything from them We've been told the deal is still in progress and yeah we'll have to see over the next few weeks or months.
[02:49] that typically take a very long time to put together, so it's not surprising that it hasn't quite crossed the finish line yet.
[02:49] Sp at private capital and of course Scott Carpenter excuse me Scott Carpenter Bloomberg newss Crit reporter, check out this story, it is on the Bloomberg.
[02:50] And atlenberg.com.
[02:51] Are you a different president?
[02:51] I have to be it's a different time there's fundamental lessons that I still hold close to my heart.
[02:51] But in terms of the practical things that you do, very few of those things apply any longer.
[02:51] Oh she's in her 90s Yeah, but I always say she's 95 years old, she didn't get the memo she doesnt she doesn't.
[02:51] Be she's 95 and she's still very active, I mean I still get calls from her and she says she says you need to do this.
[02:51] You need to do that and she doesn't let her age hold her back but she try to advise you.
[02:51] I always learned something new with my mom in my family, she's the real politician.
[02:52] 🎼He said natural. My father was the intellect. He was a statesman, and we always said that he lived.
[02:52] His head, you know, it was very, very very deep thinker. That that's what learned my mother on the other hand, she has this.
[02:52] Honey ability to connect with any kind of person, any person she runs into in the street King.
[02:52] side, anyone, her childhood friend, she doesn't know how to fight, she's very bad at conflict.
[02:52] He investors, top executives, global innovationnova.
[02:52] Join me for in depth conversations with the biggest newsmakers on the day's top stories.
[02:52] Has linda on him only on bloomom.
[02:52] it happens i'm mat Miller in detroit and this is bloomberg.
[02:53] Bloomberg Business Week Daily with Carol Masser and Tim stovk on Bloomberg radioio and television.
[02:53] It is Bloomberg business Week daily, that's Carol Maser I'm Tim Stennik, it's Monday, July 20th, 2026, we got a big week earnings.
[02:53] Coming up, Carol, there was a big week last week too alphabet Tesla the list goes on I think I heard Tom.
[02:53] ICte some statistic in terms of how many companies are reporting this week, just how many companies20% of the.
[02:53] Ex why we have Jes men here next week's the biggest week, next week's a third of the companies, Okay so that's the killer week this is sort of the killer week.
[02:53] So two week stretch though, most important two week stretch trip for season there we go, Su Toquien wasn't wrong I don't know.
[02:53] I'll let you talk to him about that the S&P right now is flat but lower the NaSdaq composite down about two tenths of one%.
[02:54] w down about six tenths of 1% I'm Carol masssser longer Timstead, let's get to some stocks on the move and with us, of course is.
[02:54] And she is Bloberg news senior Eties reporter she's here in studio all right, let's start with a name that I have to say, I don't feel like we talked about much.
[02:54] Much, much, I'm hungry, a name that we didn't talk about much, but when it was.
[02:54] Name to go into the Nasdaq 100 all of a sudden it caught our attention., so this is an optical equipment maker. and of course, anytime we.
[02:54] Chip semiconductor stocks rallying or declining it's part of that group so this is the top the leader board and the Nasdaq 100 and it's actually off.
[02:54] Down over 25% from its may highigh, but LITs the taker on this, it's up about 6% today so on pay for's best days since July.
[02:54] 14th, but actually barclays ended up upgrading the stock to overweight from equal weight, so they were talking about how the underlying fundamentals from the.
[02:54] Sver laser demand, they still think that's optimistic, the price market' is actually $1,000, so if that would imply close to a 40%.
[02:55] Increase from where the stock closed on friday, but in general, if you think more broadly what's been happening today, the stocks, of course entered a bear market on friday.
[02:55] a lot of those chip makers rebound today, so not just lument that's higher right now, but Sandisk, Marvel, microron, Western digital.
[02:55] Of course Intel has earnings on Thursday I'm so glad for Sandisk it's had such a tough year and what's interesting about this too.
[02:55] B performer in the first had being I'm glad you brought it up if you use the comp function, if you look at where the socks peaked in.
[02:55] JuSandisk is down more than 30% and that span microns down more than 20%, but invidia only down about23%.
[02:55] It's spanned over the last month or so, but also didn't up as much No, and it's only, I mean, if you think about year to date, that performance, of course, you're to your point, Sandisk micro on the two.
[02:55] Best performers in the NAdaq 100 the first this year, I'm going to say 300%.
[02:56] Above that 495% and if you looked from June of last year to the end of this year, it was like fourth.
[02:56] crazy from one tech name to another tech name and another one in the Nasdaq 100, talk to us about it.
[02:56] So Apple AAPL is the ticker on this down, just only 2% the worst days since it's not that long ago, June 25th, but that's also the same.
[02:56] Da Mark gman had that story and that he reported on the price increases for the max, other home devices, but in that span, the stock had been up.
[02:56] More than 20% but of course, on Friday that's when it briefly overtook invidia for the world's most valuable company, so today there's not a ton of reasons why you.
[02:56] A little bit of run though, but also it's only 2% off of that all time high that it hit just last week so you're seeing a little bit of a trade so that's why it's looking at the point decliner space.
[02:56] for the S&P, that's why you're seeing the index more broadly flat right now, because if you look at on a point basis, it's a market cap weighted index.
[02:56] Tesla biggest point to clners and then you have Microsoft up there one of the best point to clner or point gainers rather today Okay did you go the movies this?
[02:57] So I did not, I didn't have time, however, I did pass by the AMC near Lincoln Center last weekend, so I saw everything.
[02:57] For the premier was about to go on for the odysies, so AMC's the ticker on this if you look at this stock first Am.
[02:57] The entertainment up 25% so that would be its best day since May 14th, 2024, it's also in the Russell tooth.
[02:57] And so it's one of the top gainers there too, so it's up more than 55% year to date, clearly outpacing the Russell 200s%.
[02:57] And gain year to date, a 40 foot Trojan horse statue I saw that we to see that in front of the upper west side.
[02:57] Don't I know how that sort of story ends. They had everything blocked off to for streets Did they get security to look at that?
[02:57] the Odyssey, ended up being performing very well, so if you look at the US and in Canada this weekend, $125 million in tickets.
[02:58] SalesSo the number one film obviously over the weekend, so the CEO of AMC talking about this is some of the strongest growth they've seen.
[02:58] And obviously since post pandemics, so we'll see if that can continue, but you also have Spiderman coming up, a lot of other big blockbusters potentially this summer.
[02:58] I big celebrities and it's also Chris Nolan right directly so big name and also I wanted to point out other peers like Cinema and I can't leave out IMax.
[02:58] Because this movie was the first one to be completely filmed on IMax cameras, so I am AX is the ticker symbol for IMax, but also that stuck.
[02:58] very well today as well I actually down a little bit. So it actually gave up then some of the. that 4 and kind of reverse that.
[02:58] Yeah, but you see No I'll see it when it gets the streaming service in a few I would love to.
[02:58] 't really see I think I'm going to go see it, when I have time, but maybe next weekend with a little class trip.
[02:58] yeah, we should all go together guys, not available between two and five and other times were good to know just met and thank you so.
[02:59] Check out our Stock Mors podcast, five minute episodes, big winners and losers in the stock market you can find it on Apple Spotify or anywhereitch.
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