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JPMorgan Chase CEO Jamie Dimon says the risks raised by Anthropic PBC's Mythos AI model are a "real issue" that the US government is on top of now. He speaks at Senator Dave McCormick's Pennsylvania Defense and Innovation Summit.

Bloomberg's Michelle Davis joins Dani Burger on "Bloomberg Deals." The FCC is poised to repeal a nationwide audience cap that historically has limited the number of TV-viewing households a single broadcaster could reach.

Bloomberg's Michelle Davis joins Dani Burger on "Bloomberg Deals."  States suing to block Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery asked a judge for a court order putting the deal on hold until the case is resolved, a delay that could last months.

US economic activity increased at a slight to moderate pace in recent weeks and prices increased moderately overall, according to the Federal Reserve's Beige Book survey of regional business contacts released Wednesday. Michael McKee reports on Bloomberg Television.

Meghan O'Sullivan, Director, Belfer Center for Science and International Affairs warns that Iran is going to continue to try and sporadically strengthen its position in the Strait of Hormuz and that people are adapting to the reality the Strait will remain a chokepoint for quite some time. President Donald Trump backed away from his plan to impose a 20% charge on cargo shipments through the Strait of Hormuz after US allies in the Gulf urged him to drop it. Trump announced the decision Tuesday, one day after rolling out the fee, saying that the expected revenue would be replaced by forthcoming direct investments in the US from Gulf states. He did not specify a dollar amount or which countries would participate.

Anja Manuel, Executive Director, Aspen Strategy Group sat down with David Gura at the Aspen Security Forum warned that the technology race with China is no longer just about chips but open source models like DeepSeek are 'nearly as good' as Anthropic's Mythos.

Republicans on the House Budget Committee released a resolution that would tee up a party-line bill spending as much as $95 billion on priorities such as defense and election security. Patrick McHenry, a former Republican congressman from North Carolina, joined Balance of Power and he said a government shutdown "is more likely than not" on September 30.

Former US Commerce Secretary Gina Raimondo says the US needs more than leading AI technology to win the global race. She says without a strategy to retrain workers and address concerns over jobs, energy costs and infrastructure, the U.S. risks falling behind despite advances in chips and data centers.

US Export-Import President and Chairman Bank John Jovanovic spoke with Bloomberg's Tyler Kendall on the sidelines of the Pennsylvania Defense & Innovation Summit. Jovanovic says that they are focusing on delivering energy dominance to the US, as well as the future of AI import and export regulation.

Senator Dave McCormick says the U.S. must modernize its defense industrial base by accelerating procurement and investing in next-generation technologies like drones and AI alongside traditional military capabilities. Speaking to Bloomberg's Tyler Kendall on the sidelines of the Pennsylvania Defense & Innovation Summit, McCormick says that procurement reform is critical as the current acquisition process is overly bureaucratic. He also applauds the Trump administration's efforts to cut red tape and increase competition.

Gecko Robotics CEO Jake Loosararian says the company's AI and robotics platform is helping the US Navy reduce ship inspection and maintenance timelines, with the goal of improving fleet readiness and strengthening the defense industrial base. Joining Bloomberg's Tyler Kendall at the Pennsylvania Defense & Innovation Summit, Loosararian says that faster deployment of robotics, AI and resilient energy infrastructure is critical for the US to compete with China.

Hanwha CEO Michael Colter and CSO Alex Wong say the company is investing $5 billion to expand the Philadelphia Shipyard while bringing South Korean shipbuilding technology and workforce training to the US in an effort to rebuild domestic industrial capacity. Speaking to Bloomberg's Tyler Kendall at the Pennsylvania Defense & Innovation Summit, they say that bipartisan support for defense manufacturing, stronger US-South Korea industrial ties and faster Pentagon procurement are underpinning investments in shipbuilding, munitions and artillery production.