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Bloomberg
Financial

Abdul El-Sayed Narrowly Beats Haley Stevens in Michigan Senate Primary

Kyle Kondik, managing editor of Sabato's Crystal Ball at University of Virginia's Center for Politics, said that progressives candidates winning primary races may cost Democrats success in winnable seats, but that he is not taking it for granted that those candidates will underperform, and if they do, that they will also lose.

Read more: Abdul El-Sayed Narrowly Beats Haley Stevens in Michigan Senate Primary
Bloomberg
Financial

Kalshi Not Running 'a Casino' Says Head of Enforcement

Robert DeNault, Kalshi's head of enforcement and legal counsel, responded to a lawsuit brought New York State, saying that he is concerned about overreach coming from Attorney General Letitia James's office. DeNault defended Kalshi's operations saying that his company is platforming open marketplaces, not functioning as a casino or a sportsbook.

Read more: Kalshi Not Running 'a Casino' Says Head of Enforcement
Bloomberg
Financial

Anthropic Backer G Squared Raises $2.3 Billion for Seventh Fund

Larry Ashchebrook, founder and managing partner of G Squared, said it is his job to get involved in the 'companies of tomorrow' before they're household names and that his company took a 'contrarian' view to get involved with Anthropic, Polymarket and Nscale, early on. Aschebrook also talked about the macro environment, saying that he sees some macro headwinds in the next few months, including the US election and a potential interest rate hike.

Read more: Anthropic Backer G Squared Raises $2.3 Billion for Seventh Fund
Bloomberg
Financial

Debate Over Democrats' Future Won't Be Settled Until 2028, Says Lara Brown

Lara Brown, political scientist and author of the forthcoming book: Jefferson's Landmark Deal: The Politics of the Louisiana Purchase, said that Democrats are experiencing 'completely normal cycle' for a party that lost the last presidential election, as it searches for its new path forward. Brown said that Democrat primaries last night, including Abdul El-Sayed's win over Hailey Stevens in Michigan, don't paint a major narrative other than the role of the economy.

Read more: Debate Over Democrats' Future Won't Be Settled Until 2028, Says Lara Brown
Bloomberg
Financial

Iran Says No Decision Yet on Second Stage of US Talks

Former Assistant Secretary of State Barbara Leaf said that a potential deal between the US and Iran on the Strait of Hormuz would simply reset the negotiating table for more detailed discussions on the wider war and that she does not believe there is credibility to President Trump's threats that this is Iran's 'last chance' to come to the table. Leaf said that in terms of negotiation timeline, she believes it would be 'exceptionally difficult' to reach durable agreements by November.

Read more: Iran Says No Decision Yet on Second Stage of US Talks
Bloomberg
Financial

SpaceX's AI Cloud Business Is Taking Off, Says Deutsche Bank

SpaceX's AI cloud business is emerging as one of the company's fastest-growing businesses, according to Edison Yu, head of Global Space & Aerial Mobility at Deutsche Bank. He explains why leasing AI compute capacity could soon become SpaceX's biggest revenue driver, how the company is progressing toward orbital data centers, and why Starship remains the key to unlocking its long-term ambitions. He joins Ed Ludlow on "Bloomberg Tech."

Read more: SpaceX's AI Cloud Business Is Taking Off, Says Deutsche Bank