Crypto Breaking News

Bloomberg's Scarlet Fu joins Dani Burger on "Bloomberg Deals." The Trump administration's $20.9 billion buying spree for equity stakes in private-sector companies is the biggest such push into strategic industries since the Second World War, according to research by the Council on Foreign Relations.

The US Justice Department is expected to reclassify marijuana into a less restrictive federal category as soon as Wednesday, according to a person familiar with the matter. The change could remove taxes for companies that sell marijuana. Shares of cannabis stocks rose on the news. Nathan Dean of Bloomberg Intelligence has more.

Bloomberg's Siddharth Philip joins Dani Burger and Scarlet Fu on "Bloomberg Deals." The Trump administration is nearing a rescue package for Spirit Airlines that could give the US government the option to own as much as 90% of the carrier once it emerges from bankruptcy, according to people familiar with the matter.

Rep. Seth Magaziner (R) Rhode Island said Anthropic is doing the right think by warning the world about what they discovered about Mythos and working with the Pentagon, but that Congress needs to develop a federal framework for AI. A small group of unauthorized users have accessed Anthropic PBC's new Mythos AI model, a technology that the company says is so powerful it can enable dangerous cyberattacks, according to a person familiar with the matter and documentation viewed by Bloomberg News. A handful of users in a private online forum gained access to Mythos on the same day that Anthropic first announced a plan to release the model to a limited number of companies for testing purposes, said the person, who asked not to be named for fear of reprisal. The group has been using Mythos regularly since then, though not for cybersecurity purposes, said the person.

Barbara Humpton, CEO of USA Rare Earth, joins Dani Burger on "Bloomberg Deals." USA Rare Earth agreed to acquire Brazil's Serra Verde Group in a $2.8 billion cash-and-stock transaction, marking one of the largest deals in the rare-earths industry.

Software maker Vast Data has raised a $1 billion Series F, tripling its valuation to $30 billion. Vast Data CEO Renen Hallak says the company is readying itself for an IPO. Hallak joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech."

The Trump administration is nearing a rescue package for Spirit Airlines that could give the US government the option to own as much as 90% of the carrier once it emerges from bankruptcy. Bloomberg Intelligence Senior Aerospace Analyst George Ferguson discusses on Bloomberg Radio.

Jeb Hensarling, the former US representative who is now an adviser to the Texas Stock Exchange, says the first initial public offerings on the startup bourse may come in 2027's first quarter.

Alex Conant, Partner at Firehouse Strategies and Republican Strategist says that as states finalize new Congressional districts neither party seems to be getting an advantage nationally. Virginia voters backed a Democratic plan to redraw the state's congressional districts in a way that could net them as many as four more US House seats in November's midterm elections, according to multiple projections.  With about 99% of the ballots in Tuesday's referendum counted, the "Yes" vote led the "No" side by 51.5% to 48.6%.  The vote marked one of the final acts in a yearlong national battle sparked when Republicans moved to change voting boundaries in Texas, in an effort to keep GOP control of the US House in the midterms. It also served as an early test for Democratic Governor Abigail Spanberger, who supported the referendum as a response to Republican moves in other states.

Rivian's new R2 model has begun rolling off the manufacturing floor in Normal, Illinois, despite damage to the factory from a tornado over the weekend. The smaller, more affordable SUV is seen as crucial to driving profitability for the electric vehicle maker. Rivian CEO RJ Scaringe joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech."

Revolut CEO and co-founder Nik Storonsky says the company didn't spend any money on marketing in its first five to seven years, relying entirely on word of mouth. He also discusses efforts to acquire a US banking license and Revolut's business today. This interview was recorded on April 14 at the Johns Hopkins Bloomberg Center in Washington, D.C.

Treasury Secretary Scott Bessent says that many Persian Gulf allies along with a number of Asian nations have requested foreign exchange swap lines with the US. He speaks during testimony before the Senate Appropriations Subcommittee on President Donald Trump's 2027 budget request.