Tech optimism is back

Bloomberg Morning Briefing Americas  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

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Good morning. AI stocks are back in the spotlight. OpenAI prepares its biggest consumer hardware push yet. And we explore Copenhagen’s must-visit restaurants. Listen to the day’s top stories. — Hellmuth Tromm and Emily Nicolle Market Snapshot S&P 500 Futures 7,605.00 +0.2% Nasdaq 100 Futures 29,931.75 +0.5% WTI Crude Oil Futures $80.16 +1.0% Market data as of 06:32 AM ET. Data is subject to provider delays. Your watchlist Wall Street looks set for a stronger open as AI optimism got another boost from chip-making machine manufacturer ASML’s upbeat outlook. South Korea’s Kospi Index surged, with SK Hynix soaring almost 10% and the premium for the chipmaker’s US depositary receipts topping 50% just three days after their debut. But some investors are warning the nation’s AI-fueled rally is becoming detached from fundamentals, and even President Lee Jae Myung is urging caution. Chinese hedge funds that won big on AI are starting to look for exits. Oil is climbing for a third day after fresh US strikes near the Strait of Hormuz and tighter sanctions on Iran. Only a handful of vessels braved transits following a renewed naval blockade, with the UN’s maritime chief warning that the waterway remains too dangerous. Asian refiners are meanwhile scooping up US crude. The AI data center battle is playing out in Trump’s backyard. Palm Beach County officials will vote today on whether to allow the construction of a digital infrastructure hub about 20 miles from Mar-a-Lago, which residents say would drive up power and water bills while bringing noise and heat. The project has become the latest flashpoint in a nationwide fight over AI data centers, despite Trump’s executive order aimed at thwarting state-level regulation. The stakes are real: data centers have pushed power supply costs on the largest US grid up by more than 60%. OpenAI is getting ready to bring ChatGPT into your living room. The company is developing a screen-free smart speaker designed to serve as an AI companion that can answer questions, control your home and play media, people familiar said. The device is a critical next step for OpenAI as it prepares for an initial public offering in the coming months and the company believes the product is distinct enough to withstand Apple’s legal challenge. Noem Courted by Critical Minerals Firms After DHS Ousting Read more Flash Sale: Save 60% Don't miss out on crucial business stories this summer. Subscribe for $399 $149 for your first year and get unlimited access to trusted reporting, data tools, watchlists, podcasts, exclusive newsletters, live TV, subscriber-only events, Q&As and more. Offer expires July 22, 2026 11:59 PM EST. Unlock 60% off Deep Dive: Plastic Dreams Photo Illustration: Joel Arbaje/Bloomberg/Getty Images Polystyrene is attempting a comeback. Used in foam cups, packaging peanuts and furniture cushioning, supporters are mounting a campaign to rehabilitate the much-maligned plastic’s image. Long criticized as harmful to sea life, difficult to recycle and potentially carcinogenic, polystyrene has become a symbol of plastic pollution and is rejected by most US curbside recycling programs. New laws may go further. States and cities have steadily built a patchwork of bans on single-use plastic since the 1980s, while Democrats recently introduced a bill deeming polystyrene unsafe for food packaging. The industry says the US has it wrong. Advocates point to European Union regulators, who say polystyrene poses no health risk when made and used properly, while countries such as Japan continue to embrace the material. Several US states now have laws requiring producers to help pay for waste collection, sorting and recycling. An industry alliance is pushing to earn the coveted “widely recyclable” label, with some formats expected to approach it by 2030. The Big Take Illustration by Ricardo Tomas Once a hard-charging private equity shop, Apollo is now competing with banking stalwarts like JPMorgan and Goldman Sachs for blue-chip deals. Inside the firm, executives believe its playbook is primed for the artificial intelligence boom. Big Take Podcast The Footballing Paradox in Xi’s China Opinion Uber and Waymo logos in Austin, Texas. Photographer: Robin Marchant/Getty Images North America A future of widespread robotaxi availability may arrive sooner than anticipated, Liam Denning writes. One leading indicator is the gathering lobbying battle between frenemies Uber and Waymo. More Opinions Thomas Black SpaceX’s Blow-It-Up Testing Won’t Fly on Starship Bloomberg’s Editors Affordable Homes Should Come From Factories Play Alphadots! Our daily word puzzle with a plot twist. Play now! Before You Go The Kobmagergade shopping street in Copenhagen, Denmark. Photographer: Luke MacGregor/Bloomberg Summertime in Copenhagen boasts over 17 hours of daylight, strolls along harbor fronts and seasonal Nordic dishes from a glut of Michelin-starred restaurants. Recently picked as the world’s most livable city, check out our guide on the Danish capital’s standout dining spots. A Few More Argentina, England Clash at World Cup as Strains Over the Falkland Islands Reemerge Social Media Has Created a ‘Wild West’ For Home Medical Testing How Water Parks Are Shaking Off Stigma and Becoming a Luxury Amenity More From Bloomberg Enjoying Morning Briefing Americas? Get more news and analysis with our regional editions for Asia and Europe. 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