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Senate Weighs Vote on High-Stakes Crypto Bill Next Week

Senate Majority Leader John Thune is planning a vote on President Donald Trump's crypto market structure legislation as soon as next week, with the outcome expected to determine where the industry deploys its massive political warchest ahead of November's midterm elections. Senate Republicans released the updated bill text on Wednesday even though bipartisan talks have so far failed to reach a final deal. They would need at least seven Democrats to overcome procedural hurdles to ultimately pass the measure. Thune said he expected to vote on the legislation even if no deal with Democrats can be reached. We get reaction from Patrick McHenry, former Republican Congressman from North Carolina and former House Financial Services Committee Chairman.

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Bloomberg

Tesla's AI Spending Test

Wall Street is looking for signs Tesla is putting its AI ambitions into action. Investors want clarity on the EV maker's planned $25 billion in capex spending. TD Cowen analyst Itay Michaeli previews the earnings report on Bloomberg Open Interest.

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Bloomberg

Value Drives Back-to-School Shopping

Marc Rosen, CEO of Catalyst Brands -- the parent company of JCPenney, Brooks Brothers, Aéropostale, Eddie Bauer, Lucky Brand and Nautica -- says shoppers are making fewer trips but buying more per visit. He tells Dani Burger and Isabelle Lee on Bloomberg Open Interest that families continue to prioritize back-to-school purchases despite inflation.

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Bloomberg

OpenAI Hack Is Day One of AI Cybersecurity: HackerOne

OpenAI's AI hacking incident has sparked new questions about the future of cybersecurity, but HackerOne CEO Kara Sprague says the episode should be viewed as a success, not a failure. She joins Bloomberg to explain why stress-testing advanced AI models is essential, what defenders can learn from the incident, and why organizations need to prepare for a new era of AI-powered cyber threats. She joins Ed Ludlow on "Bloomberg Tech."

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Bloomberg

Apple to Launch Leasing Program to Spur Sales

Apple is preparing to launch a new hardware leasing program with Klarna that could make it easier and cheaper to upgrade to the latest iPhone, iPad, Mac and Apple Watch. Bloomberg's Mark Gurman explains why the initiative could reshape Apple's upgrade cycle, lock customers into its ecosystem, and pave the way for more expensive devices like the foldable iPhone. He joins Ed Ludlow on "Bloomberg Tech."

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Bloomberg

Trump's 100% Generic Drug Duty Threatens US Low-Cost Supply

Generic drug manufacturers must move production to the US or face a 100% import duty from August 2028, President Donald Trump said, threatening the supply of low-cost medicines that millions of Americans rely on. The move is aimed at "reshoring" generic pharmaceutical production in the US, and companies that don't build plants onshore will face levies that would then double, to 200%, in August 2029, Trump said in a social media post. Naomi Kresge, Bloomberg Health Reporter, joins to discuss.

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Bloomberg

Regulate AI Like We Do the Airline Industry Says Mukunda

The heads of America's leading artificial intelligence companies agree that the AI frontier needs regulation due to the potential risks from biological weapons. An American agency modeled after the Federal Aviation Administration is proposed as a necessary step to regulate AI and provide a standard for other countries to follow. Gautam Mukunda, Lecturer at Yale School of Management and Bloomberg Opinion contributor joined to discuss his column on the importance of AI regulation.

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