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Senate Weighs Vote on High-Stakes Crypto Bill Next Week

Senate Majority Leader John Thune is planning a vote on President Donald Trump's crypto market structure legislation as soon as next week, with the outcome expected to determine where the industry deploys its massive political warchest ahead of November's midterm elections. Senate Republicans released the updated bill text on Wednesday even though bipartisan talks have so far failed to reach a final deal. They would need at least seven Democrats to overcome procedural hurdles to ultimately pass the measure. Thune said he expected to vote on the legislation even if no deal with Democrats can be reached. We get reaction from Patrick McHenry, former Republican Congressman from North Carolina and former House Financial Services Committee Chairman.

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Bloomberg

Tesla's AI Spending Test

Wall Street is looking for signs Tesla is putting its AI ambitions into action. Investors want clarity on the EV maker's planned $25 billion in capex spending. TD Cowen analyst Itay Michaeli previews the earnings report on Bloomberg Open Interest.

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Bloomberg

Value Drives Back-to-School Shopping

Marc Rosen, CEO of Catalyst Brands -- the parent company of JCPenney, Brooks Brothers, Aéropostale, Eddie Bauer, Lucky Brand and Nautica -- says shoppers are making fewer trips but buying more per visit. He tells Dani Burger and Isabelle Lee on Bloomberg Open Interest that families continue to prioritize back-to-school purchases despite inflation.

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Bloomberg

OpenAI Hack Is Day One of AI Cybersecurity: HackerOne

OpenAI's AI hacking incident has sparked new questions about the future of cybersecurity, but HackerOne CEO Kara Sprague says the episode should be viewed as a success, not a failure. She joins Bloomberg to explain why stress-testing advanced AI models is essential, what defenders can learn from the incident, and why organizations need to prepare for a new era of AI-powered cyber threats. She joins Ed Ludlow on "Bloomberg Tech."

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Bloomberg

Apple to Launch Leasing Program to Spur Sales

Apple is preparing to launch a new hardware leasing program with Klarna that could make it easier and cheaper to upgrade to the latest iPhone, iPad, Mac and Apple Watch. Bloomberg's Mark Gurman explains why the initiative could reshape Apple's upgrade cycle, lock customers into its ecosystem, and pave the way for more expensive devices like the foldable iPhone. He joins Ed Ludlow on "Bloomberg Tech."

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