Warsh Confirmed by Senate to Lead Federal Reserve
The Senate confirmed Kevin Warsh as chair of the Federal Reserve with a 54-45 vote, the slimmest confirmation margin ever for a head of the central bank. Mike McKee reports.
The Senate confirmed Kevin Warsh as chair of the Federal Reserve with a 54-45 vote, the slimmest confirmation margin ever for a head of the central bank. Mike McKee reports.
Anthropic PBC is in early talks with investors to raise at least $30 billion in fresh financing, according to people familiar with the matter, setting the stage for what could be its largest funding round yet. The Claude maker would then be valued at more than $900 billion. Bloomberg's Ed Ludlow reports.
US business leaders including Apple Inc.'s Tim Cook and Tesla Inc.'s Elon Musk on Trump's first overseas trip since waging war in the Middle East a 36-hour visit with Xi Jinping that's expected to encompass the war, tariffs and the self-ruled island of Taiwan. The list of attendees until Tuesday had not included Huang, whose company makes the chips at the heart of the AI boom and has been pushing for greater leeway in a market he's identified as a $50 billion opportunity. Bloomberg's Ed Ludlow joins Bloomberg Businessweek Daily to discuss.
Douglas Holtz-Eakin, President of the American Action Forum and former Director of the Congressional Budget Office joins Balance of Power to discuss the recent inflation data and how this will effect the Fed's rate decisions. Warsh arrives just in time for two-year Treasury yields to touch 4%, their highest since June last year, buoyed by the strong market expectation that the fed funds rate cannot move far from where it is now but that the next move is now more likely to be a hike than a cut:
Kelly Grieco, Senior Fellow with the Reimagining US Grand Strategy Program at the Stimson Center joins Balance of Power to discuss the recent news reported that Iran may still have intact missile capabilities. Iran's missile capabilities brings more light to the Trump, Xi Summit as the conflict continues between the US and Iran. President Donald Trump arrived in Beijing for the first state visit to China by a US leader in nine years, as the world's two largest economies look to stabilize ties with a summit playing out against the backdrop of the Iran war. Air Force One touched down at the Beijing Capital International Airport slightly before 8 p.m. on Wednesday, where Chinese Vice President Han Zheng, a military honor guard, and hundreds of flag-waving children readied a red-carpet greeting ceremony for the US president.
Ian Nussbaum, partner at Latham & Watkins, joins Dani Burger and Michelle Davis on "Bloomberg Deals." They discuss sports media rights deals and the value of live entertainment to dealmakers.
Bloomberg's Chris Dolmetsch joins Dani Burger on "Bloomberg Deals." Lawyers from top mergers and acquisitions firms provided tips on some of the biggest deals of the last decade to an insider trading ring that made tens of millions of dollars in illegal profits, federal prosecutors said.
Representative Suzan DelBene, said Republicans won't get what they expected from redistricting because of voter anger with President Trump and Republicans in Congress. House Democrats may have lost the mid-decade redistricting battle. They still have the edge in the campaign for control of the chamber at the midpoint of President Donald Trump's second term. The US Supreme Court sharply limiting race-based redistricting and the Virginia Supreme Court voiding a Democratic gerrymander have made that task harder, but Democrats have history and political winds on their side. They control 215 House seats, three short of a majority, and the out-of-power party has gained House seats in 18 of 20 midterm elections since the end of World War II.
Agentic commerce and international expansion is the new focus for Affirm, which laid out a bold roadmap to $100 billion in annual volume at the company's 2026 Investor Forum. Affirm CEO Max Levchin joins Ed Ludlow and Caroline Hyde to break it down on "Bloomberg Tech."
David Trujillo, partner at PTG, joins Dani Burger on "Bloomberg Deals." OpenAI this week unveiled a new consulting and services business, aimed at driving higher adoption rates of its technology across companies. The new joint-venture is backed by billions of private equity dollars, and led by PE powerhouse TPG.
Bloomberg's Emily Graffeo joins Dani Burger on "Bloomberg Deals." Life insurance companies owned by private equity firms have quietly reshaped their portfolios, piling into higher-yielding alternative credit in a shift that's entangled the industry with the broader financial system, according to researchers at the Federal Reserve Bank of Chicago.
BeOne Medicines (NASDAQ:ONC) announced that Beqalzi is now authorized for MCL patients who have previously been treated with a Bruton’s tyrosine kinase (BTK) inhibitor.