Bloomberg News and Videos — Page 636

US Treasury Secretary Scott Bessent says the Trump administration has asked Congress to eliminate the gas tax during testimony before the House Ways and Means Committee.

Sports City is back, and this time Bloomberg News' Senior Reporter Randall Williams takes the viewers to the most watched sports showdown on Earth: The FIFA world cup. This year's games will be hosted in three countries - the US, Mexico and Canada - across 16 cities, with 48 teams competing, the most ever. Let's go!

Employees across industries continue to adopt AI tools at a rapid rate, yet the technology's impact on productivity and efficiency can be uneven and muddled. Dr. Rebecca Homkes, economist and lecturer at the London Business School, discusses the impact of AI adoption on the global economy and just how companies are using the technology to their advantage.

Exelon CEO Calvin Butler says the energy company needs to be diligent every day against cybersecurity threats to its grid. Butler spoke with Bloomberg's Tyler Kendall on the sidelines of the Edison Electric Institute 2026 Conference in Las Vegas.

Puget Sound Energy CEO Mary Kipp says that wildfires and Washington state's aggressive clean energy policies have led to higher costs to customers. Kipp spoke with Bloomberg's Tyler Kendall on the sidelines of the Edison Electric Institute 2026 Conference in Las Vegas.

Pinnacle West CEO Ted Geisler says that data centers will pay for the energy provider's new grid infrastructure. Geisler spoke with Bloomberg's Tyler Kendall on the sidelines of the Edison Electric Institute 2026 Conference in Las Vegas.

Entergy CEO Drew Marsh says that data centers are responsible for close to 10% of the company's industrial customer growth. Marsh spoke with Bloomberg's Tyler Kendall on the sidelines of the Edison Electric Institute 2026 Conference in Las Vegas.

The US is proposing new tariffs of at least 10% on imports from most major trading partners, citing forced-labor practices.  The 10% rate would apply to partners who prohibit forced labor imports, such as Canada, Mexico, the EU, Taiwan, and the UK. Ryan Majerus, Partner: International Trade Team at King & Spalding, discusses the path ahead for tariffs, Section 301 investigations, and where refunds stand.

On this episode of Stock Movers with Alexis Christoforous: - Petco (WOOF) shares tumble after the pet health and wellness company's adjusted Ebitda forecast for the second quarter came in below the average analyst estimate. - Five Below (FIVE) shares are down after the retailer reported results, and while the quarter was a "standout," the growth rate might be peaking, according to Jefferies. Citi said the unchanged 2H26 guidance feeds into the bear case that comps will slow over next year. - PVH (PVH) shares tumble after reaffirmed adjusted earnings-per-share guidance from the owner of the Calvin Klein and Tommy Hilfiger brands missed consensus estimates. Analysts note sustained pressures from the Middle East conflict.

ITC Holding CEO Krista Tanner says that there is a misconception that data centers increase costs for consumers. Tanner spoke with Bloomberg's Tyler Kendall on the sidelines of the Edison Electric Institute 2026 Conference in Las Vegas.