AI Chipmaker Cerebras Systems Seeks $4.8 Billion in Upsized IPO

Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu-Carmen Reinicke, Bloomberg Equities Reporter, discusses Cerebras Systems seeking to raise as much as $4.8 billion in its initial public offering, offering 30 million shares for $150 to $160 each.The company's IPO has drawn orders for more than 20 times the number of shares available, and is expected to price on May 13.-Catarina Saraiva, Bloomberg News Federal Reserve Reporter, discusses the Bloomberg Big Take story: “Powell Exits With Legacy Built on Central Bank Independence.” Jerome Powell's term as Federal Reserve Chair ends on May 15. He will, however, remain a member of the Board of Governors until January 31, 2028, much to the chagrin of President Donald Trump, who has repeatedly called for lower interest rates and sought to remove Powell over the Fed's monetary policy stance. Bloomberg looks at some of the highlights to his legacy.-Sam Fazeli, Bloomberg Intelligence, Director of Research for Global Industries and Senior Pharmaceuticals Analyst, discusses the latest in the biotech sector. President Donald Trump plans to fire Food and Drug Administration Commissioner Marty Makary, according to a person familiar with the matter.  Repatriation flights of passengers aboard the MV Hondius cruise ship hit by a deadly hantavirus outbreak began on Sunday.  See omnystudio.com/listener for privacy information.