Bloomberg News and Videos — Page 126

President Donald Trump said generic drug manufacturers will have two years to move production to the US or face a 100% import duty. Bloomberg's Mica Soellner reports on what could come next.

Charles Schwab Corp. reported earnings that topped estimates as retail investors continued to jump in and out of the market amid volatility sparked by geopolitical uncertainty. Schwab reported a record 11.9 million daily average revenue trades in the second quarter, a 57% increase from a year earlier. Trading revenue also rose, climbing 28% to $1.2 billion. President and CEO Rick Wurster joins Bloomberg Businessweek Daily to discuss, saying clients are trusting the platform not just for investing but also for "help with their financial lives." Wurster also discusses continued demand from retail and younger traders, AI use cases in investing, the impact of this summer's SpaceX IPO, prediction markets, crypto, and more. He speaks with Carol Massar and Tim Stenovec.

Frank Cooper III, Chief Marketing Officer at Visa, shared insights on the significant spending increase during the World Cup, highlighting a 16% year-over-year rise in cross-border transactions throughout the tournament. San Francisco led U.S. metro areas with a 15% spending growth, while visitors from the United Kingdom showed the largest jump, particularly in Boston with a 50% increase. He speaks with Katie Greifeld & Sally Bakewell on "The Close."

Jozy Altidore, Former US Men's National Soccer Team forward and current Telemundo Soccer Broadcaster, joined the program to discuss the recently concluded 2026 FIFA World Cup. He described the tournament as one of the most successful in history, highlighting strong fan engagement and flawless organization by the US, Canada, and Mexico. Altidore emphasized the positive impact of hosting the World Cup in North America, noting the significant difference from the 1994 event due to the presence of Major League Soccer (MLS), which now offers fans numerous opportunities to stay engaged with the sport. He speaks with Katie Greifeld & Sally Bakewell on "The Close."

A $200 million surge in unusual bets has hits prediction markets. Bloomberg News Cross-Asset Reporter Denista Tsekova deep dives into new age of online betting in predictions markets, popularized by platforms like Polymarket and Kalshi. A Bloomberg review found that at least 34,000 trades on Polymarket between August 2025 and June 2026 were flagged as potential insider trades. Tsekova explains that while Polymarket has implemented new rules regarding insder trades recently, "the market has changed their opinion a lot on what constitutes insider trading."

Bloomberg Intelligences Dushyant Shahrawat joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." A proposed merger of three crypto firms has been scrapped, with one of their leaders stepping down and another consolidating power across the Tether-backed franchise.

Blue Macellari, head of digital assets at T. Rowe Price, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." They discuss the launch of the T. Rowe Price Active Crypto ETF (ticker: TKNZ). The fund is the first actively managed multi-token spot exchange-traded product.

Bloomberg's Nathaniel Popper joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." During the World Cup overall prediction-market trading surged, far outpacing the growth at traditional sportsbooks and driving home the threat that companies like Kalshi now pose to the sports-gambling industry.

Sonali Theisen, global head of digital assets platform, FICC E-Trading, and markets strategy investments at Bank of America, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Bank of America last week elevated Theisen to a new digital-asset position as it expands its leadership team to capture growth in the rapidly evolving digital-assets market and AI industry.

Bloomberg Intelligences Nathan Dean joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Digital assets are gaining alongside crypto stocks after Treasury Secretary Scott Bessent said the Clarity Act is at the '1-Yard Line'.