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Rep. Don Beyer: Going to Try to Stop Triumphal Arch

President Donald Trump suggested he would modify plans for a large triumphal arch in the capital by including staging areas for US military snipers and to launch drones. The idea appears to be Trump's latest attempt to sell the idea of building a towering arch, which has spurred questions about whether it would dwarf Washington, DC's other memorials or pose a risk to air travel.  Trump is pushing to build the arch in Memorial Circle, which sits between Arlington National Cemetery and the Lincoln Memorial, and near Ronald Reagan Washington National Airport, raising safety questions, though the Federal Aviation Administration has cleared the project as long as it has safety lighting. Democratic Representative Don Beyer of Virginia speaks with Joe Mathieu and Kailey Leinz on Balance of Power.

Read more: Rep. Don Beyer: Going to Try to Stop Triumphal Arch
Bloomberg
Financial

UNGA Convenes While Questions Remain on Iran, Russia

Russia is set to extend a ban on most diesel exports beyond the end of September as Ukraine continues to attack its refineries, according to people familiar with the matter. Russia enacted the ban in July as a wave of Ukrainian strikes against its refineries dragged oil-processing rates to multiyear lows. This comes as President Volodymyr Zelenskyy said he'll meet President Donald Trump during the UN General Assembly week in New York as the embattled Ukrainian leader looks to shore up support to defend against stepped up Russian attacks. Zelenskyy said in a post on X that he had an "important conversation" with Trump and said their upcoming meeting could "change a lot." Heather Conley, a senior fellow at the American Enterprise Institute and a former deputy assistant Secretary of State speaks with Joe Mathieu and Kailey Leinz on Balance of Power.

Read more: UNGA Convenes While Questions Remain on Iran, Russia
Bloomberg
Financial

Calif. AG Bonta Says Settlement Is Not a 'Blessing' for Paramount Deal

California Attorney General Rob Bonta announced an antitrust settlement reached with Paramount Skydance that he says will protect jobs. This clears the way for Paramount to take over Warner Bros. Discovery. But Bonta says this deal is not a "blessing" for the merger.

Read more: Calif. AG Bonta Says Settlement Is Not a 'Blessing' for Paramount Deal
Bloomberg
Financial

Bitcoin Reaches Eight-Month High After Clarity Act Loss

Bloomberg Intelligence Senior US Policy Analyst Nathan Dean discusses the Securities and Exchange Commission giving the green light for digital versions of securities to start trading in the US. This plan could reshape traditional market structure after crypto legislation failed a key Senate vote on Tuesday. Also affecting the crypto space, Bitcoin surged past $85,000 to its highest since late-January, extending a sharp rebound as falling oil prices and a broader return of risk appetite helped cryptocurrencies move past setbacks on US crypto legislation and monetary policy. The original cryptocurrency climbed as much as 6.5% to $86,331 in New York trading, almost $10,000 above the lows touched last week after the Clarity Act stalled and the Federal Reserve raised interest rates. Even after that rebound, Bitcoin remains roughly a third below its record last October. Nathan Dean speaks with Bloomberg's Joe Mathieu on Balance of Power.

Read more: Bitcoin Reaches Eight-Month High After Clarity Act Loss
Bloomberg
Financial

Congressman Calls for National Data Center Strategy

Democratic Rep. Suhas Subramanyam of Virginia is calling for a national strategy to guide the rapid expansion of AI data centers, arguing the current state-by-state approach can leave communities bearing infrastructure costs. He discusses proposals to improve where data centers are built, measure their energy and water use, and require large electricity users to cover the grid upgrades needed to serve them. He joins Ed Ludlow on "Bloomberg Tech."

Read more: Congressman Calls for National Data Center Strategy