Bloomberg's Mark Gurman said that the foldable phone expected to be announced by Apple this week has been 'a long time coming' for the company after Tim Cook took inspiration from similar phones he saw on a 2020 trip to Asia. Gurman said that the stakes for Apple's new product releases are high because every issue a new product has could be detrimental to the brand and its reputation.
Mike Belshe, co-founder & CEO of BitGo, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." A company tied to World Liberty Financial, the Trump family's crypto venture, received preliminary conditional approval for a national trust bank charter from a federal regulator. It would no longer need its current issuer BitGo Bank & Trust.
Mike Belshe, co-founder & CEO of BitGo, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." They discuss the need for the passage of the Clarity Act in the US.
Melinda Haring, nonresident senior fellow at the Atlantic Council, said the war in Ukraine shows no signs of slowing and could drag on for another three to four years. Haring said that Putin is hoping to run out the clock on Ukraine by getting into complicated negotiations and undermining the idea of any Ukrainian sovereignty.
Morgan Krupetsky, vice president of Onchain Finance at Ava Labs, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." They the recent spat between AMC and Robinhood over tokenized trading and the different use cases for different tokenization models.
Bloomberg's Anna Irrerea joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." AMC CEO Adam Aron traded barbs with Robinhood CEO Vlad Tenev last week after discovering a token bearing the theater chain's name was trading on the brokerage's blockchain. AMC CEO dubbed it "outrageous" and demanded that Robinhood cease trading it.
Michigan Democratic US Senate candidate Abdul El-Sayed says US tax dollars should not be sent to Israel. But he says he'll stand up for Jewish safety in Michigan. El-Sayed also referred to President Donald Trump as Mike Rogers' "Daddy." Rogers is El-Sayed's Republican opponent. El-Sayed speaks on "Balance of Power."
Healthcare automation startup Forus has raised $150 million at a $3 billion valuation, tripling its value just months after its previous funding round. CEO Sahir Jaggi explains how the company uses AI agents to help patients and doctors navigate insurance coverage, affordability, and drug fulfillment. He also explains how the new capital will help Forus expand beyond autoimmune diseases into areas including oncology and neurology. He joins Bloomberg's Riley Griffin on "Bloomberg Tech."
Amazon's expanded relationship with Qualcomm is reigniting debate over "circular financing" in the AI boom. Advisors Capital Management Partner and Portfolio Manager JoAnne Feeney discusses how the deal gives Amazon another source of custom chips and could reduce its reliance on Nvidia, while giving Qualcomm greater confidence to invest in capacity. She joins Bloomberg's Riley Griffin on "Bloomberg Tech."
Millennium Management's assets have hit $97 billion, more than double what the firm oversaw six years ago, and is speeding toward $100 billion. The firm's founder, Izzy Englander, is ramping up an unusual model of seeding dozens of smaller would-be rivals to give his firm more capacity to take on investor cash, with $22 billion of new commitments set to close on Oct. 1. Bloomberg's Hema Parmar joins to discuss.
Saudi Arabia halted several energy facilities in the south, as the Iran-backed Houthi militants claimed fresh strikes on the kingdom. The Yemen-based Houthis said they targeted Saudi Aramco's facilities in Abha, Najran and Jazan with ballistic missiles and drones, the group's military spokesperson said in a statement. The attacks caused fires at several locations, and efforts were ongoing to contain the blazes, the Saudi energy ministry said on X, without naming the facilities. While the targets appear to include infrastructure that supply the local Saudi demand, repeated attacks on Jazan, where a major refinery is located, are a concern for the oil market. For the latest, we speak with Becca Wasser, Defense Lead for Bloomberg Economics.
Julie Macklowe, the Founder of the luxury whiskey brand Macklowe, joined Bloomberg Open Interest to talk about how tariffs on liquor ultimately punish American consumers through higher prices, and may even be contributing to younger generations drinking less. She also explains why convenience is driving her latest bet: a premium, ready-to-serve whiskey cocktail designed to make the traditionally "snobby" category more accessible.
