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Starboard CEO Smith Discusses CarMax Stake, Board Seats

Jeff Smith, CEO of Starboard Value, joins Dani Burger on "Bloomberg Deals" to discuss Starboard's $350 million stake in CarMax. Starboard Value has amassed a stake of about $350 million in CarMax and sees an opportunity to accelerate the used car retailer's turnaround under incoming CEO Keith Barr. The activist investor has nominated its own CEO Jeff Smith to the CarMax board.

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Bloomberg

Our Economy 'Hangs Off' the Strait of Hormuz says McHenry

Energy markets whipsawed for a second consecutive day as investors raced to interpret rapidly shifting comments from the Trump administration over the war in Iran. Oil prices plummeted after Energy Secretary Chris Wright erroneously posted and then deleted a message that the US Navy had escorted an oil tanker through the Strait of Hormuz, only for White House Press Secretary Karoline Leavitt to subsequently concede no such operation had occurred. But, the spokeswoman said, the US military was "drawing up additional options" to address any attempt by Iran to constrain trade through the vital artery. Patrick McHenry, Former Chairman of the House Financial Services Committee, Former Speaker Pro Tempore, Bloomberg Contributor joins to discuss on Balance of Power.

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Bloomberg

Circle Is Still in Its Early Days With Plenty of Growth Ahead, CEO Allaire Says

Jeremy Allaire, co-founder, chairman, and CEO of Circle discusses his motivation for building Circle, the world's largest regulated stablecoin network. Despite Circle's significant market capitalization and successful IPO, Allaire views the company as still being in its very early stages, with another 10 to 20 years of foundational work ahead to realize its full potential. He's on this week's episode of The David Rubenstein Show: Peer to Peer Conversations. This interview was recorded January 15 at the Economic Club of Washington, DC.

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Bloomberg

Fifth Third CEO: AI Writing 40% of Code

Fifth Third CEO Tim Spence says AI isn't hype. In fact, it's already writing 40% of his bank's code and helping double the company's size with fewer employees. He's seeing meaningful, long-term productivity gains and a faster path to growth. And he says the next phase is even bigger: AI that doesn't just support customers, but actually executes financial tasks on their behalf. Tim Spence joined Bloomberg Open Interest to talk about the AI revolution in banking.

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