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Sam Palmisano says the AI boom is built on long-cycle bets in data centers, chips and energy, even as AI software changes at breakneck speed. If adoption slows or cheaper Chinese open-source models gain traction, Big Tech may have to rethink the spending plans behind today's AI race.
Chief Justice John Roberts temporarily allowed construction of President Donald Trump's White House ballroom to continue while the Supreme Court considers whether to grant a longer stay, after lower courts said the project required congressional authorization. Bloomberg News Supreme Court Reporter Greg Stohr joins hosts David Gura and Christina Ruffini on Bloomberg This Weekend to explain that the court also weighs challenges involving Trump's mail ballot order and the administration prepares for expected litigation over its new Canada tariffs.
US-Canada trade talks collapsed late Friday, triggering 50% US tariffs on about $20 billion of Canadian goods and a pledge from Prime Minister Mark Carney to retaliate dollar for dollar. Joining Bloomberg This Weekend are Bloomberg White House Correspondent Jeff Mason and Bloomberg Markets and Economic Columnist Jonathan Levin to discuss how the dispute could deepen a lasting rupture between the allies while tariff-driven inflation, rising Treasury yields and the $40 trillion US debt load complicate the administration's economic message ahead of the midterms.
Chris Mecray, CFO at ITG, joins Bloomberg Businessweek Daily to discuss the company's performance since its July 1 IPO, and its role in the AI buildout as a fiber and communications company. Mecray says ITG is "the picks and shovels of the AI boom... with a long runway of opportunity associated with creating the connectivity that data centers require once the actual site itself is built." Mecray speaks with Carol Massar, Emily Graffeo, and Nina Trentmann, CFO Briefing Editor.
Scientists are on the cusp of fulfilling a decades-long quest: to use vaccines to teach the immune system to spot and destroy cancer cells. News that an mRNA cancer vaccine developed by Merck & Co. and Moderna Inc. kept melanoma from returning in a large, late-stage trial marks a critical next chapter for a technology beleaguered by post-pandemic political backlash and years of false starts before then. Bloomberg Opinion Columnist Lisa Jarvis writes "Moderna and Merck's Cancer Vaccine Is a Marvel."
President Donald Trump is aiming to deliver cost relief for some ground beef imports to lower prices for American consumers, by allowing up to 300,000 metric tons of product for ground beef to be imported with no out of quota tariff for the next 90 days. He also made a commitment that the beef will be sold at 25% below current market prices. Agriculture Reporter Ilena Peng and Howard Capital Management CEO Vance Howard -- who owns a ranch of his own -- discuss how much the tariff relief will impact costs, and what it may do to American farm businesses.
Mike Cessario, Founder and CEO of Liquid Death, joined the program to discuss the growing public sentiment against the rapid expansion of data centers. Despite widespread interest in AI investments, the mood around data center growth has been notably negative. He speaks with Romaine Bostick on "The Close."
Doctor Tsu-Jae King Liu, President of the National Academy of Engineering and Former Dean of UC Berkeley's College of Engineering, joined the program to discuss her influential role in the semiconductor industry. Having served on the board of Intel and contributed to the design of chips found in mobile phones, she shared insights into the technological advancements and impact of semiconductors in everyday devices. She speaks with Romaine Bostick on "The Close."
Kevin Gordon, head of macro research & strategy at Schwab Center for Financial Research, joins Scarlet Fu and Tom Keene on "Bloomberg Money."
Former Heavyweight Champion Mike Tyson discussed his new business venture partnering with Sugar Factory to produce high-protein sliders available in grocery stores. Tyson emphasized the health benefits of these sliders compared to typical frozen options that often contain unhealthy seed oils and excessive grams of fat. He speaks with Romaine Bostick on "The Close."
