Business Bible News Market Minute: May 13 @ 4:00PM ET

This is a Business Bible News Market Minute for Wednesday May 13 at 4:00 PM Eastern Time. According to Bloomberg, Arm Holdings and its majority owner SoftBank Group attempted to acquire Cerebras Systems, an AI computing firm, just weeks before its anticipated initial public offering. Global markets are up today. In overseas trading, the Nikkei is up 814 points. The Nasdaq is up 316 points to 26,404. Oil is trading at $101 per barrel while gold is at $4,696 per ounce. Today's Daily Principle is BUSINESS, specifically dealing with Lending. This principle is found in Deuteronomy 28–12. The verse reads: "He will send rain in season from his rich storehouse in the sky and bless all your work, so that you will lend to many nations, but you will not have to borrow from any." Learn more at businessbible.com where Daily News meets Daily Principle.