Trump To Meet Xi, $38B AI Data Center Deal | Bloomberg The Pulse 10/24/2025

Trade tensions ease between Washington and Beijing on a plan for Donald Trump to meet Xi Jinping next week in South Korea. But The White House relationship with Canada takes another turn, as President Trump says he will terminate all trade negotiations with Canada. Bloomberg understands banks are preparing to launch a $38 billion debt offering that will help fund data centers tied to Oracle, in what would be the largest such deal for AI infrastructure. Private-sector activity unexpectedly jumped in Germany to its highest level since May 2023, but a less positive picture in France, with the sector contracting over the budget and fiscal uncertainty. Today's guests: Wei Li, Chief Global Strategist at Blackrock Investment Institute, Oleksandr Bornyakov, Ukraine's Deputy Minister of Digital Transformation, Bernie Mensah, International President of Bank of America, Libby Cantrill, Head of Public Policy at PIMCO. (Source: Bloomberg)