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Bloomberg

Middle Market Businesses 'Real Driver of Economy' Says Wendy Stewart

Wendy Stewart, president of Global Commercial Banking at Bank of America, said that middle market businesses are driving the economy right now, driving growth and hiring and firing amid an uncertain economic environment. Stewart also said that global supply chains still exist, but that businesses have to be flexible given the geopolitical landscape.

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Bloomberg

Redistricting in Focus As Six States Hold Primaries

Kyle Kondik, Managing Editor of Sabato's Crystal Ball at University of Virginia's Center for Politics joined Balance of Power as six states with 74 congressional districts hold primaries today. In California, this is the first election under the state's revamped congressional map enacted by Democrats last year in response to mid-decade gerrymandering in Texas and other Republican states. California Democrats could win up to 48 districts, a net gain of five that would lift their chances of winning a House majority.

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Bloomberg

Anthropic's First-Mover IPO Edge Set to Widen Lead Over OpenAI

Anthropic PBC pulled ahead of OpenAI with its confidential IPO filing Monday, as the free-spending artificial intelligence startups battle for a fundraising edge that's set to determine who will win the ultimate battle for computing power. The oneupmanship in the firms' private funding rounds, and now their progress toward going public, isn't just about bragging rights. The risk for both firms is that the first to tap the US market's unparalleled depth and liquidity will gain an immediate advantage in securing access to the chips, data centers and talent needed to build their AI models. With Elon Musk looking to turbocharge SpaceX's nascent AI offerings by strapping them to a hyperscaler with a chipmaker joint venture and doing an IPO, OpenAI and Anthropic can't risk falling behind. Bloomberg Intelligence's Matthew Bloxham takes a closer look.

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