Pimco Economist Tiffany Wilding discusses findings of the firm's annual cyclical outlook. The report points to the key buffers for the US economy, booming investment in AI, the ability of consumers to absorb higher costs, and an incremental approach to monetary policy. She speaks on "Bloomberg Surveillance."
T. Rowe Price partner Emma Norchet says Anthropic is entering "act two" of its growth story, moving beyond its early success in coding toward becoming an AI layer through which businesses can execute entire workflows. With multi-billion-dollar positions in both Anthropic and OpenAI, Norchet explains why T. Rowe Price doesn't see frontier AI as a winner-take-all market. Norchet discusses where she sees the next opportunities for Anthropic, and why public-market investors will have an appetite for leading AI companies when they choose to IPO. She joins Ed Ludlow on "Bloomberg Tech."
University of Washington professor Emily Bender argues the AI safety debate is too focused on hypothetical existential threats while overlooking harms already happening today. She points to environmental costs, disruption to workers, surveillance, misinformation and chatbot dependence. She argues that incidents involving AI systems accessing outside networks should be viewed as the responsibility of the companies deploying them - not as autonomous models "going rogue." She joins Ed Ludlow on "Bloomberg Tech."
Paramount Skydance Corp. closed its acquisition of Warner Bros. Discovery Inc., combining two of the five largest Hollywood film studios and uniting major franchises such as Harry Potter and Mission Impossible. The new company, called Skydance, will be home to dozens of TV networks and two major subscription streaming services, Paramount+ and HBO Max, and will be led by David Ellison and Ynon Kreiz as co-chief executive officers. Bloomberg's Hannah Miller joins to discuss.
A pullback in oil prices drove stocks to all-time highs, with Wall Street also buoyed by enthusiasm about corporate resilience and the artificial-intelligence trade that has powered the bull market. The equity advance extended into a fourth straight day, sending the S&P 500 up nearly 1% and toward its first record close since August. Brian Belski, CEO and CIO at Humilis Investment Strategies, discusses the structural equity bull market and a little Vikings football.
Google parent Alphabet agreed to buy nuclear power from Constellation Energy Corp. in a 20-year power-purchase agreement that will drive more than $4.3 billion in investments to upgrade systems at 11 Constellation reactors. Bloomberg's Will Wade joins to discuss.
Johnson & Johnson Chairman & CEO Joaquin Duato says artificial intelligence is a force multiplier and has to be embraced. He's on this week's episode of The David Rubenstein Show: Peer to Peer Conversations. This interview was recorded on June 16 in Washington.
Federal Reserve Vice Chair for Supervision Michelle Bowman said the Fed will look later this year to update its rules for fixed-dollar asset thresholds in a bid to account for inflation and economic growth. "This will preserve the policy intent at the time the threshold was implemented," Bowman said Tuesday in remarks to a community banking research conference.
Paramount Skydance closed its $110 billion acquisition of Warner Bros. Discovery on Tuesday, completing one of the biggest media mergers of all time. Hannah Miller reports on "Bloomberg Open Interest."
WHP Global is bringing Toys "R" Us back to life with over 120 new US stores despite falling consumer confidence. Yehuda Shmidman, the founder, chairman and CEO of the brand licensing company WHP Global, joins Bloomberg Open Interest to explain why toy demand is surging, the rise of the "kidult" shopper, and how an asset light licensing model is powering billions in sales and potential IPO plans.
