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Iran Pessimistic on Deal With US Before Midterms

Iranian officials have privately expressed pessimism about reaching a deal to end hostilities with the US before midterm elections in November, according to people familiar with the matter. The two nations made little progress during talks in New York on the sidelines of the United Nations General Assembly last week, the people said. Bloomberg's Paul Wallace breaks down the situation.

Read more: Iran Pessimistic on Deal With US Before Midterms
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Trump to Talk AI Risks and Threats With Tech CEOs

US President Donald Trump will hold a luncheon Tuesday with the Chief Executive Officers of Nvidia Corp., Anthropic PBC, and Palantir Technologies to discuss artificial intelligence risks. OpenAI President Greg Brockman is also expected to join the event, which Trump is holding with House Speaker Mike Johnson. Neil Campling reports on Bloomberg Television.

Read more: Trump to Talk AI Risks and Threats With Tech CEOs
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Goldman Sachs' Waldron Edges Closer to Top Job

The board of Goldman Sachs has discussed a plan for Chief Operating Officer John Waldron to succeed David Solomon as CEO as early as next year, according to the Wall Street Journal. With the latest plan, Waldron could take over toward the end of 2027 or in 2028, the Journal said. Bloomberg Opinion's Paul Davies breaks down the situation and its significance.

Read more: Goldman Sachs' Waldron Edges Closer to Top Job
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UK Needs 'Sovereign Level of Compute,' AI Minister Says

UK Artificial Intelligence Minister Kanishka Narayan discusses government policy around the adoption of AI and safety concerns about the technology. Britain needs a "sovereign level of compute," Narayan tells Bloomberg's Caroline Hepker on the sidelines of the governing Labour Party's annual conference in Liverpool. "The way we have to build data centers in this country has to be with a sense of control and a sense of British values," he adds.

Read more: UK Needs 'Sovereign Level of Compute,' AI Minister Says
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Swiss Regulator Ends Proceedings Against Julius Baer

Julius Baer has applied for permission to restart share buybacks after Swiss regulator Finma concluded its enforcement procedure against the wealth manager, removing a long-standing overhang that has weighed on the stock. Juilius Baer came under scrutiny following steep losses from dealings with Austrian property tycoon Rene Benko. Bloomberg's Tom Metcalf explains.

Read more: Swiss Regulator Ends Proceedings Against Julius Baer
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Ellawn: Brookfield Sees Many Mideast Opportunities

Brookfield closed its $2 billion Mideast fund in August and Jad Ellawn, their Managing Partner and Regional Head of Middle East says they're seeing multiple opportunities in the Middle East. He spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa and explained why they think there is a growth in the regional population based on the data received from their investments in the likes of payment platforms and school enrollments

Read more: Ellawn: Brookfield Sees Many Mideast Opportunities
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OpenAI Scraps Debut of Latest Astra Model

OpenAI is holding back a version of its Astra artificial intelligence model after the software failed to perform as well on safety evaluations as the current iteration. The version known as GPT-6.1 Astra improved with respect to so-called model laziness, which refers to things like failing to complete a task. Bloomberg's Neil Campling reports.

Read more: OpenAI Scraps Debut of Latest Astra Model