CryptoBreaking News

• Ethereum is evaluating 66 proposals for its upcoming Hegotá upgrade, with FOCIL already chosen as the consensus-layer headliner and other ideas targeting privacy, account abstraction and censorship resistance.
• Ethereum still dominates DeFi with about US$41.35 billion in TVL, well ahead of Solana ~US$4.82b, BNB Chain ~US$4.87b, Avalanche ~US$0.43b and Cardano ~US$0.06b.
• Each rival chain is also upgrading—Solana on speed and client diversity, BNB Chain via the Pasteur hard fork, Avalanche with Helicon execution/validator changes, and Cardano through on-chain governed hard forks - creating different trade-offs in speed, security, governance and scalability.

Chris Mecray, CFO at ITG, joins Bloomberg Businessweek Daily to discuss the company's performance since its July 1 IPO, and its role in the AI buildout as a fiber and communications company. Mecray says ITG is "the picks and shovels of the AI boom... with a long runway of opportunity associated with creating the connectivity that data centers require once the actual site itself is built." Mecray speaks with Carol Massar, Emily Graffeo, and Nina Trentmann, CFO Briefing Editor.

Scientists are on the cusp of fulfilling a decades-long quest: to use vaccines to teach the immune system to spot and destroy cancer cells. News that an mRNA cancer vaccine developed by Merck & Co. and Moderna Inc. kept melanoma from returning in a large, late-stage trial marks a critical next chapter for a technology beleaguered by post-pandemic political backlash and years of false starts before then. Bloomberg Opinion Columnist Lisa Jarvis writes "Moderna and Merck's Cancer Vaccine Is a Marvel."

President Donald Trump is aiming to deliver cost relief for some ground beef imports to lower prices for American consumers, by allowing up to 300,000 metric tons of product for ground beef to be imported with no out of quota tariff for the next 90 days. He also made a commitment that the beef will be sold at 25% below current market prices. Agriculture Reporter Ilena Peng and Howard Capital Management CEO Vance Howard -- who owns a ranch of his own -- discuss how much the tariff relief will impact costs, and what it may do to American farm businesses.

Mike Cessario, Founder and CEO of Liquid Death, joined the program to discuss the growing public sentiment against the rapid expansion of data centers. Despite widespread interest in AI investments, the mood around data center growth has been notably negative. He speaks with Romaine Bostick on "The Close."

Doctor Tsu-Jae King Liu, President of the National Academy of Engineering and Former Dean of UC Berkeley's College of Engineering, joined the program to discuss her influential role in the semiconductor industry. Having served on the board of Intel and contributed to the design of chips found in mobile phones, she shared insights into the technological advancements and impact of semiconductors in everyday devices. She speaks with Romaine Bostick on "The Close."

Kevin Gordon, head of macro research & strategy at Schwab Center for Financial Research, joins Scarlet Fu and Tom Keene on "Bloomberg Money."

Former Heavyweight Champion Mike Tyson discussed his new business venture partnering with Sugar Factory to produce high-protein sliders available in grocery stores. Tyson emphasized the health benefits of these sliders compared to typical frozen options that often contain unhealthy seed oils and excessive grams of fat. He speaks with Romaine Bostick on "The Close."

Scarlet Fu and Tom Keene discuss their must-read book on this week's edition of "Bloomberg Money." They discuss "Kitchen Confidential: Adventures in the Culinary Underbelly" by Anthony Bourdain and "The Greater Journey: Americans in Paris" by David McCullough.

Ken Griffin's Citadel has offloaded more than 80% of the aggregate risk associated with the Situational Awareness stock portfolio it acquired from the embattled AI hedge fund. Citadel struck a deal last month to buy stocks from the fund led by Leopold Aschenbrenner. Bloomberg's Hema Parmar reports.

Diane Swonk, KPMG Chief Economist, discusses expectations for the upcoming Federal Reserve speech at the Jackson Hole Economic Symposium. The speech is traditionally technical and focused on internal task forces, but markets are seeking clearer guidance on inflation and monetary policy. She speaks with Romaine Bostick & Sally Bakewell on "The Close."

Daan Struyven, Goldman Sachs Co-Head of Global Commodities Research, discussed the market reaction to potential new US sanctions on Iran during a live financial news segment. He noted that oil prices experienced only a modest increase following the announcement, largely because the existing blockade on Iranian ports and oil exports is already restricting Iranian oil from reaching the market. He speaks with Romaine Bostick & Sally Bakewell on "The Close."