The US Securities and Exchange Commission is getting closer to making a decision about whether asset managers can offer ETFs as share classes of mutual funds, according to Kaitlin Bottock, assistant director at the regulator’s division of investment management.



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On today’s episode of Bloomberg Businessweek Daily, Lisa Mateo and Jess Menton discuss President Donald Trump appealing judge’s order blocking him from firing Federal Reserve Governor Lisa Cook. Bloomberg’s Michael McKee drops by to break it down. Also on today’s show, BMO Capital Markets Senior Economist Jennifer Lee talks an unexpected PPI print as investors await August CPI, Bloomberg Tech co-host Caroline Hyde discusses Oracle and OpenAI signing a $300 billion computing deal as Larry Ellison surpasses Elon Musk to become the world’s richest person. Bloomberg’s Bailey Lipschultz talks Klarna shares climbing after an impressive IPO, and MARA Holding Chief Executive Officer Fred Thiel analyzes the energy needs and regulatory outlook for crypto. (Source: Bloomberg)



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Colombia concluded the purchase of some $9.3 billion in assets to serve as collateral for a series of complex swap transactions, according to a person familiar with the matter.



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