Bloomberg

The Strait of Hormuz oil shock has yet to crash demand as the rich world borrows from its stocks and pays up to secure supply. Traders are now sounding the alarm that a harsh adjustment is coming. S&P Global Vice Chairman Daniel Yergin joins David Gura and Christina Ruffini on Bloomberg This Weekend to discuss.

Iran has played down expectations of direct talks with the United States over ending the war as US envoys are expected to travel to Islamabad, Pakistan but this time without Vice President JD Vance, the lead negotiator. US Navy Retired Vice Adm. Kevin Donegan joins David Gura and Christina Ruffini on Bloomberg This Weekend to discuss.

The world's richest man may soon also be the world's first trillionaire as Elon Musk's SpaceX targets an IPO with a valuation of around $1.5 Trillion in what would be the largest IPO ever. Muskism: A Guide for the Perplexed authors Ben Tarnoff and Quinn Slobodian join David Gura and Christina Ruffini on Bloomberg This Weekend to discuss "Muskism," referring to the ideology and worldview that shaped Musk. They say it is "an operating system for the 21st century."

The Justice Department said it would end its criminal investigation of Federal Reserve Chair Jerome Powell, an attempt to clear the obstacle that has stalled Kevin Warsh's confirmation as his possible successor. Bloomberg News Justice Department Reporter Chris Strohm and Reporter Enda Curran join David Gura and Christina Ruffini on Bloomberg This Weekend to discuss.

President Donald Trump has sent envoys to Pakistan with the intention of meeting with Iranian officials, while Tehran sounded a pessimistic tone on the prospects for talks to end the eight-week war roiling the global economy. Bloomberg News Deputy UAE Bureau Chief Abeer Abu Omar, Washington Correspondent Josh Wingrove and Senior Reporter Dan Strumpf join David Gura and Christina Ruffini on Bloomberg This Weekend to discuss.

Anthropic says its newest AI system can detect serious cybersecurity risks, but the new technology is so powerful that the company is holding back public release. The nearly autonomous system can detect banking software vulnerabilities and spawn sub-agents that operate without human oversight at unprecedented speed. Treasury Secretary Scott Bessent and Fed Chair Jay Powell took the unusual step of calling in major bank leaders to discuss the risks raised by the new model. Experts weigh in on whether regulation and open-source tools can keep the financial system safe.

USA Rare Earth recently announced a $2.8 billion acquisition of Brazil's Serra Verde Group, which is expected to close in the third quarter. It comes as comes as the US and its allies scramble to secure alternative supplies of rare-earth elements, a market long dominated by China. The minerals are used in high-strength magnets employed in consumer electronics, cars and defense systems. Barbara Humpton, CEO of USA Rare Earth, joins Bloomberg Businessweek Daily to discuss, calling the deal "transformative," adding that it will make USA Rare Earth "the global leader" in the space. Humpton speaks with Carol Massar and Tim Stenovec.

Kentucky Representative Thomas Massie, a committed libertarian, is the rare Republican willing to publicly criticize Donald Trump over domestic spending, the war in Iran, the president's efforts to bury the Jeffrey Epstein files. And he's done this while running for an eighth term in Kentucky's deep-red 4th Congressional District, which gave Trump two-thirds of the vote in 2024. Bloomberg Businessweek National Correspondent Josh Green joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec.

Grindr CEO George Arison joins Bloomberg Businessweek Daily to discuss the dating app's inaugural White House Correspondents' Dinner party, plus the company's presence in Washington, DC focused on HIV treatment and other health initiatives. Arison also discusses the company's newest tiers, including AI features. He speaks with Carol Massar and Tim Stenovec.

Former Federal Reserve Governor Betsy Duke discusses the Department of Justice dropping its investigation into Jerome Powell, what a possible Kevin Warsh led Fed could look like, and previews Wednesday's rate decision. She talks with Romaine Bostick and Katie Greifeld on "The Close."