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Election Administrators 'Confident' With Early Midterm Voting Underway, Says Morelle

New York Democrat Representative Joe Morelle said that despite scrutiny on election security, local and state election administrators are confident in election integrity with early voting already underway in some states. Morelle, who serves as the ranking member on the Committee on House Administration, said that lawmakers are willing to push back on any efforts taken by the DOJ to 'impair anyone's right to vote.'

Read more: Election Administrators 'Confident' With Early Midterm Voting Underway, Says Morelle
Bloomberg
Financial

$1,500 Heating Bills at Center of Maine Senate Race

Brooke Sutherland, Bloomberg's Boston bureau chief, said that Maine residents are 'getting it at all ends' as they contend with surging heating oil prices and rising housing costs ahead of the midterm elections. Some Mainers are paying about $1,500 to fill up their home heating oil tanks. Sutherland breaks down the race between the Republican incumbent for Senate Susan Collins and her Democrat challenger Troy Jackson.

Read more: $1,500 Heating Bills at Center of Maine Senate Race
Bloomberg
Financial

GOP, Dems Pull Back Spending From North Carolina Senate Race

Republican Representative Brad Knott of North Carolina said Michael Whatley, the GOP nominee for Senate, is running against a "very tough" Democratic candidate but expects him to 'close the gap.' Knott, who serves on the House Homeland Security Committee, also discussed terror threats amid active conflicts in the MidEast and said that while there are 'absolutely terror cells in the United States,' the government is working to prevent them from operating in the US.

Read more: GOP, Dems Pull Back Spending From North Carolina Senate Race
Bloomberg
Financial

OpenAI, Anthropic Lead Consumer AI Spending: A16z

Andreessen Horowitz partner Olivia Moore says consumer AI adoption is growing, but fewer than 5% of consumers are paying for even one AI product. She discusses why OpenAI and Anthropic dominate spending, with a small group of power users paying as much as $1,000 a month, and why AI's next consumer opportunity could come from new business models and categories beyond productivity - including social, entertainment, health and other "multiplayer" experiences. She joins Ed Ludlow on "Bloomberg Tech."

Read more: OpenAI, Anthropic Lead Consumer AI Spending: A16z
Bloomberg
Financial

Pimco Sees Three Buffers Supporting US Economic Resilience

Pimco Economist Tiffany Wilding discusses findings of the firm's annual cyclical outlook. The report points to the key buffers for the US economy, booming investment in AI, the ability of consumers to absorb higher costs, and an incremental approach to monetary policy. She speaks on "Bloomberg Surveillance."

Read more: Pimco Sees Three Buffers Supporting US Economic Resilience
Bloomberg
Financial

Anthropic, OpenAI Can Both Win AI Race: T. Rowe Price

T. Rowe Price partner Emma Norchet says Anthropic is entering "act two" of its growth story, moving beyond its early success in coding toward becoming an AI layer through which businesses can execute entire workflows. With multi-billion-dollar positions in both Anthropic and OpenAI, Norchet explains why T. Rowe Price doesn't see frontier AI as a winner-take-all market. Norchet discusses where she sees the next opportunities for Anthropic, and why public-market investors will have an appetite for leading AI companies when they choose to IPO. She joins Ed Ludlow on "Bloomberg Tech."

Read more: Anthropic, OpenAI Can Both Win AI Race: T. Rowe Price