United Statesexe

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.

Iran "should" provide a response on Friday to the US proposal to end the war, Secretary of State Marco Rubio says. He spoke to reporters in Rome after meeting with Italian Prime Minister Giorgia Meloni.

White House National Economic Council Director Kevin Hassett says the April jobs report should not make the Federal Reserve want to raise interest rates. He also talks about bringing down the national debt and President Trump's trip to China next week. He speaks on Bloomberg Open Interest.

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.

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.

Dr. Mehmet Oz, administrator of the Centers for Medicare & Medicaid Services, talks about how the White House is making prescription drugs more affordable, fighting fraud in healthcare, and the future of Medicare. He speaks to Bloomberg Television at the Milken Global Conference.

US President Trump and Chinese President Xi will discuss China's purchases of Iranian oil, Trade Representative Jamieson Greer said on "Bloomberg Surveillance." The two leaders are scheduled to meet in Beijing on May 14 and 15.

US Trade Representative Jamieson Greer says he expects the European Union to keep "its side of the trade deal" that was agreed to in July. The EU has not ratified the package yet. Greer also says President Donald Trump will discuss China's purchases of Iranian oil when he meets with Xi Jinping next week. Greer speaks on "Bloomberg Surveillance."

Iran is evaluating a new US proposal to end their war, with a response from Tehran expected via mediator Pakistan in the next two days. US President Donald Trump posted on social media on Wednesday, "If they don't agree, the bombing starts." Tyler Kendall reports on Bloomberg Television.