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Australia introduces the Treasury Laws Amendment Bill 2026 to double fines for fuel price gouging amid shortages.

Japan warns Australia that a proposed LNG windfall tax could cripple investment and strain relations amid the Middle East energy crisis.

The Albanese Government announced a temporary suspension of entry for Iranian citizens travelling to Australia, effective March 26.

Prologis CEO Dan Letter joins Bloomberg Businessweek Daily to discuss the state of global logistics and shipping as geopolitics and associated risk impacts the firm's customer base. However, Prologis is optimistic about its data center business. Letter says the company's strong relationship with hyperscalers is ongoing, bolstering "a fortress of a balance sheet" as Prologis continues to secure longer-term power capacity. Letter speaks with Carol Massar and Tim Stenovec.

OpenAI plans to discontinue its Sora AI video generator six months after the high-profile launch of a standalone app for the service, as the company works to simplify its portfolio of artificial intelligence products. The ChatGPT maker and Walt Disney Co. are also winding down their partnership, which had centered on Sora, OpenAI said Tuesday. Disney had previously agreed to license iconic characters including Mickey Mouse and Cinderella to OpenAI for use on Sora and to take a $1 billion stake in the startup. The deal was entirely in stock warrants rather than a cash licensing fee, Bloomberg has reported. Bloomberg News AI Reporter Rachel Metz joins Bloomberg Businessweek Daily to discuss. She speaks with Carol Massar and Tim Stenovec.

The White House insisted that peace talks with Iran are ongoing, even as Tehran publicly rejected US overtures and issued fresh conditions of its own to end the conflict that's wreaked havoc across the Middle East and global markets. "The United States has been engaged over the last three days in productive conversations," White House Press Secretary Karoline Leavitt told reporters on Wednesday. "You're beginning to see the regime look for an exit ramp." Bloomberg News Middle East Reporter Dan Williams joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec.

BlackRock Inc.'s Rick Rieder says the Federal Reserve should cut interest rates, renewing his call for looser monetary policy. He speaks with Bloomberg's Julie Fine in Dallas.

Federal Reserve Governor Stephen Miran says he doesn't think Fed policy needs to be "slamming on the gas" to accelerate the economy but also doesn't need to be holding the economy back during remarks at the Digital Asset Summit in New York.

S&P Global Energy President Dave Ernsberger discusses the 'massive but delayed' effects the war in Iran is having on the global energy market, saying that physical markets are bearing the brunt now, but futures markets will start feeling the pressure next. He talks with Romaine Bostick and Katie Greifeld on "The Close."

BMO Chief FX Strategist Mark McCormick discusses the merits of staying long on the US Dollar, citing carry, growth, and safe-haven demand. He talks with Katie Greifeld and Romaine Bostick on "The Close."

Apollo Global Management CEO Marc Rowan said he only dealt with Jeffrey Epstein in his capacity as tax adviser for the firm's co-founder Leon Black. Also at Bloomberg Invest on March 3, Rowan reiterated that Apollo did no business with the sex offender.

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.