Alphabet's massive $15 billion debt issuance signals deepening commitment to artificial intelligence infrastructure as tech giants compete for AI dominance. The borrowing comes amid accelerating AI investments across the sector, with companies racing to build data centers and develop advanced models.

Meanwhile, the pharmaceutical sector sees turbulence as Hims & Hers withdraws its copycat version of Novo Nordisk's Wegovy weight-loss drug. Novo Nordisk's stock rebounds following the decision, highlighting the competitive pressures in the lucrative obesity treatment market. Goldman Sachs warns traders to prepare for market volatility as China pressures banks to reduce Treasury holdings.

Apollo Global Management shatters lending records, demonstrating robust demand for private credit solutions. The lending boom reflects broader market dynamics as companies seek alternative financing amid shifting monetary policies. An American activist investor has taken a position in Swiss watchmaker Swatch, adding pressure on the luxury goods sector.

Quick Fact: Alphabet borrowed fifteen billion dollars as the AI boom accelerates.