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The average price for a gallon of diesel in the US blew past $5 this week for only the second time in history. (Russia's 2022 invasion of Ukraine marked the fuel's first foray into previously unfathomable territory.) Although most consumers are far more concerned with the price of gasoline, it's the even sharper increase in diesel that has businesses on alert. That's because it powers nearly every industry, from the tractors plowing the fields to the machinery erecting buildings to the semitrucks, trains and buses that transport goods and people coast-to-coast. Diesel is the trucking industry's second-largest expense, after driver pay, accounting for about a fifth of operating costs, according to Bob Costello, chief economist at American Trucking Associations. Bloomberg News Oil Reporter Nathan Risser joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec.

Kalshi was temporarily barred by a judge from offering its prediction market contracts in Nevada, after state regulators said the company didn't have a gaming license. District Court Judge Jason D. Woodbury in Carson City signed a temporary restraining order Friday blocking Kalshi event contracts for sports, election and entertainment for as long as two weeks, according to a copy of the order provided by the Nevada Gaming Control Board. A spokesperson for Kalshi declined to comment. Ian McGinley, Partney at Sidley Austin and former Director of Enforcement at the Commodity Futures Trading Commission, joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec.

Bloomberg Intelligence's Mandeep Singh discusses the recent developments surrounding Super Micro Computer, highlighting new charges from US authorities and the resignation of co-founder Yih-Shyan "Wally" Liaw from the board. He speaks on "Bloomberg The Close."

Pivotal Ventures Managing Director of Investment Erin Harkless Moore discusses accelerating social progress through investment in overlooked companies, the care economy, and trends for 2026. She talks with Katie Greifeld and Romaine Bostick on "The Close."

US President Donald Trump appears to be losing control of the war with Iran that he started. More than three weeks in, Tehran remains defiant and has lashed out more fiercely at Gulf neighbors than Trump expected. The Strait of Hormuz is still effectively closed, and even America's closest allies have refused his request to help reopen it. Israel has launched attacks on Iran's energy infrastructure  Trump claims  without Washington's knowledge, prompting an attack on Qatar that has taken 17% of its LNG export capacity offline for three to five years. So where does that put Trump? The conflict's current trajectory looks untenable as the economic, political and military costs mount. Bloomberg Economics Senior Geoeconomics Analyst for Asia-Pacific Adam Farrar joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec.

Pimco Portfolio Manager David Forgash discusses the recent parallel increase in Treasury yields across the curve, highlighting underlying concerns about general funding conditions. Speaking on "Bloomberg The Close," Forgash notes that while the short end of the curve reflects market expectations of rate cuts, the simultaneous rise in longer-term yields indicates broader market stress.

JPMorgan Wealth Management CEO Kristin Lemkau discusses a new initiative designed to help support professional athletes in managing their finances, from high school all the way through retirement. She talks with Katie Greifeld and Romaine Bostick on "the Close."

President Donald Trump speaks to reporters at the White House about the war with Iran and fully reopening the Strait of Hormuz. "I don't want to do a ceasefire. You know, you don't do a ceasefire when you're literally obliterating the other side," he said. "We're not looking to do that." Bloomberg's Joe Mathieu has the latest.

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.

Bloomberg's Erin Hudson, joins Scarlet Fu on "Bloomberg Real Yield." A Los Angeles private school with ties to famous junk bond investor Michael Milken is looking to sell $63 million in municipal bonds to fund a campus expansion.

Conservative Leader Pierre Poilievre says Canada has real trade leverage over the US and should use that to their advantage. He talks about how he'd handle negotiations with President Donald Trump in an interview with Bloomberg This Weekend anchor David Gura.

NASA is revising its moon-landing plans, reducing Boeing's role while elevating SpaceX's Starship rocket to do the job of propelling astronauts to lunar orbit, according to sources. Caroline Hyde and Ed Ludlow discuss the news with Bloomberg's space reporter Loren Grush and Laurie Leshin, Arizona State University Professor of Space Futures and former director of NASA's Jet Propulsion Laboratory. They speak on "Bloomberg Tech."