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Todd Harrison, Founding Partner & Chief Investment Officer at CB1 Capital said the reclassification of marijuana as less dangerous was the biggest news for the cannabis industry since Nixon. The US Justice Department reclassified state-regulated marijuana as a less dangerous drug, a major shift that could increase legal cannabis sales and help a struggling industry. The directive signed by acting Attorney General Todd Blanche moved licensed marijuana products from Schedule I the same federal category as heroin and LSD to the less strictly controlled Schedule III. The action stops short of fully legalizing the drug for recreational use nationwide, but it meets the demands of many advocates who have long argued for looser restrictions.

The wars in Ukraine and Iran have underscored the growing importance of autonomous air and sea vehicles. Erin Price-Wright, general partner at Andreessen Horowitz, says the conflicts have also been wake-up calls for defense procurement, driving interest in startups building those crafts. She joins Ed Ludlow on "Bloomberg Tech."

Amazon-backed, nuclear energy firm X-Energy raised $1.02 billion in an upsized initial public offering, the latest sign of renewed enthusiasm for the IPO market. X-Energy CEO J. Clay Sell joins Ed Ludlow on "Bloomberg Tech."

Meta and Microsoft are planning layoffs or announcing buyouts that could affect as many as 23,000 jobs as they pivot spending to artificial intelligence. Bloomberg's Brody Ford and Riley Griffin join Ed Ludlow on "Bloomberg Tech" to break down the wider impact the cuts could have on the tech workforce.

President Donald Trump is sending special envoy Steve Witkoff and his son-in-law Jared Kushner to Pakistan to hold another round of talks with Iran. This as Israel and Lebanon extend their own ceasefire. Bloomberg's Dan Williams has more from Jerusalem.

A US Army soldier, Gannon Ken Van Dyke, was charged with using classified information to bet on if then-Venezuelan President Nicolás Maduro would be removed from office. Prosecutors say Van Dyke used Polymarket's prediction market and made more than $400,000. Van Dyke was part of the US team that eventually arrested Maduro in Venezuela. Matt Miller and Dani Burger discuss.

Baker Hughes beats on earnings, sees outlook hold despite Mideast disruption. Lorenzo Simonelli, president and CEO of Baker Hughes, says the "outlook for the business fundamentals remains unchanged," excluding the ongoing impacts in the Middle East. He spoke with Dani Burger and Matt Miller on Open Interest.

Baker Hughes beats on earnings, sees outlook hold despite Mideast disruption. Lorenzo Simonelli, president and CEO of Baker Hughes, says the "outlook for the business fundamentals remains unchanged," excluding the ongoing impacts in the Middle East. He spoke with Dani Burger and Matt Miller on Open Interest.

Google will invest $10 billion now in Anthropic PBC at a $350 billion valuation. Google could invest another $30 billion later. Bloomberg's Shirin Ghaffary explains this deal with Ed Ludlow on "Bloomberg Tech."

US Representative French Hill, chair of the House Financial Services Committee, discusses the recent decision by the Department of Justice to drop the criminal investigation into the Federal Reserve's building costs. Speaking on Bloomberg Television, Rep. Hill says the criminal probe was a distraction that could have delayed the appointment of a new Federal Reserve chair.

The Justice Department is ending a controversial investigation into building-renovation cost overruns by the Federal Reserve, potentially clearing a path to confirmation for Kevin Warsh, President Donald Trump's pick to be the next Fed leader. Bloomberg's Michael McKee breaks the news on "Bloomberg Intelligence."

Pakistani officials expect to host another round of peace talks between Iran and the US. Iran's top diplomat is going there, but it's not clear if a US delegation is as well. Retired US Army Colonel Wayne Sanders, a Bloomberg Intelligence analyst, is on Bloomberg Open Interest.