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Bloomberg Intelligence's Vincent Piazza joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." They discuss the VanEck Oil Refiners ETF (ticker: CRAK), which is outperforming the broader market amid the Iran War. The fund only holds $136 million in assets. (Source: Bloomberg)
Source
Bloomberg Markets
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The war in Iran gives Argentina an opportunity to present itself as a safe source of energy to the world, Pampa Energia Chair Marcelo Mindlin says on Bloomberg Businessweek Daily. Mindlin also says the acquisition of InterCement was a "once-in-a-lifetime opportunity." (Source: Bloomberg)
Before the U.S and Israel began their war against Iran, about 20% of the world's oil was shipped through the narrow Strait of Hormuz.
Bloomberg's Scarlet Fu puts Isabelle Lee, Athanasios Psarofagis, and Eric Balchunas to the test on "Bloomberg ETF IQ" in this week's edition of "IQ Test." (Source: Bloomberg)
Activist fund MAK Capital, led by Michael A. Kaufman, has urged the leadership of German biotech firm Evotec SE to list its US unit and speed up its cost cutting program after the shares have lost about 85% over the past five years.