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On "Balance of Power: Evening Edition," Bloomberg's Michael Shepard discusses a forthcoming executive order from the Trump administration aimed at addressing AI security concerns without imposing mandatory pre-release reviews of AI models by government agencies.

Jerome Powell's term as Federal Reserve Chair ends on May 15, but he is not leaving completely. Powell says he'll stay on as a governor "for a period of time to be determined." President Donald Trump has been calling on him to leave for months and for being "too late" in cutting rates. Bloomberg looks at the legacy of Powell at the Fed.

President Donald Trump plans to fire FDA Commissioner Marty Makary, following months of chaos at one of the country's most important health agencies, according to a person familiar with the matter. Jeff Mason has more.

Federal Reserve Bank of Chicago President Austan Goolsbee said it was a "pretty stable" month for job growth. He says inflation is the "topic of the moment" though for policymakers. He speaks to Bloomberg's Michael McKee.

Jeffrey Rosenberg, portfolio manager of the Systematic Multi-Strategy Fund at BlackRock, reacts to the April US jobs report as he sees a trade-off in the data between a strong headline number and weakness in income.(Corrects title of guest.)

Jeffrey Rosenberg, portfolio manager of the Systemic Multi-Strategy Fund at BlackRock, reacts to the April US jobs report as he sees a trade-off in the data between a strong headline number and weakness in income.

The US and Iran clashed overnight near the Strait of Hormuz and the Iranian army seized an oil tanker carrying a cargo of the Islamic Republic's oil. Iran's Ministry of Foreign Affairs released a statement Friday saying US action is accompanied by contradictory statements and misleading propaganda by senior officials. Tyler Kendall reports on Bloomberg Television.

SoftBank is scaling back plans for a $10 billion margin loan backed by its OpenAI stake after creditors voiced some hesitation. Matthew Bloxham of Bloomberg Intelligence has more.

US President Donald Trump's 10% global tariffs were declared unlawful by a federal trade court just months after the US Supreme Court vacated earlier levies he'd imposed. Brendan Murray has the details on Bloomberg Television.

Federal Reserve Bank of San Francisco President Mary Daly downplayed division in the central bank's policy statement, pointing to the agreement by the Fed's rate-setting committee to holding rates steady. Daly says it is too early to tell if the central bank is at the end of its rate-cutting cycle and explains what she is watching for on inflation expectations from consumers and producers.