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

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 White House has reportedly asked the Pentagon to draw up strike options against Iran that could be executed before the midterm elections. 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. And the WHO has called on Russia to provide more information about the death of a researcher at a plague lab. President Trump is due to have a phone call with President Putin about the case. Today's guest: Elvire Fabry, Jacques Delors Institute, Trade and Economic Security Program Director. Chapters: 00:00:00 - Daybreak Europe 00:01:01 - Stocks Rally Halts as Oil Gains 00:05:20 - EU Plans Import Cap on Chinese Hybrid Cars 00:08:41 - China Stocks Slide as Tepid Holiday Spending, Tech Losses Weigh 00:11:50 - Isomorphic Labs in Funding Talks for Over $40 Billion Value 00:16:29 - US May Order Fresh Strikes on Iran 00:18:55 - Oil Gains as Iran Attack Risks and Hurricane Deliver Dual Boost 00:21:42 - Fed Minutes Show Hawkish Unity Behind September Rate Hike 00:25:22 - Trump May Order Iran Strikes Before Midterms: Reports Say 00:28:12 - Europe's Widening Trade Imbalance With China 00:32:46 - Elvire Fabry, Jacques Delors Institute, Trade and Economic Security Program Director 00:39:59 - Suspected Case of Pneumonic Plague in Siberia 00:43:08 - Zara Billionaire Who Shuns Wealth 's Trappings Set to Boost Clout -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts