United States Financial

House Budget Chairman Jodey Arrington said 'Republicans and Democrats are going to have to come together' on a debt reduction plan to counteract the demographic challenges of increasing Social Security and Medicare beneficiaries. Arrington also discussed the pushback against AI data centers around the country, saying that the US has win the AI race but there should be guardrails on drawing on energy and water resources to do so.

Bloomberg's Randall Williams discusses billionaire Stan Kroenke expanding his sports empire with the addition of the Los Angeles Angels. Kroenke Sports & Entertainment bought a controlling stake with a valuation at $4 billion.

The outlook for the economy was "positive," according to the Federal Reserve's Beige Book survey, though sentiment was mixed across sectors amid uncertainty about energy prices and geopolitics. Michael McKee reports.

Bloomberg's Allison McNeely joins Dani Burger on "Bloomberg Deals." KKR is set to reap a $3.3 billion windfall from its deal to sell USI Insurance Services to Aonfor $17 billion, a significant exit for a unit that's invested its balance sheet in long-term private equity bets.

Bloomberg's Michelle Davis joins Dani Burger on "Bloomberg Deals." Eli Lilly plans to buy Merida Biosciences Inc. for as much as $2.88 billion in cash to expand in autoimmune and allergic diseases, part of an effort to build beyond the weight-loss and diabetes markets that made it the largest pharmaceutical company in the world.

Bloomberg's Liana Baker joins Dani Burger on "Bloomberg Deals."  S&P Global is considering spinning out its flagship data and research platform Capital IQ Pro, in a move that could create a standalone firm worth billions of dollars.

OpenAI Chief Executive Officer Sam Altman says artificial intelligence will be the greatest boom in business the world has ever seen. He speaks to US Commerce Secretary Howard Lutnick at a tech event in North Carolina hosted by the US for G20 members.

DJ Deb, co-founder and CEO of Francisco Partners, joins Dani Burger on "Bloomberg Deals." They discuss the fallout from the stress around software companies, and the money backing the numerous firms tied to AI.

Aarti Kapoor, managing director, consumer & retail group at Cascadia Capital, and Maria Watts, head of global consumer investment banking and head of global financial sponsors group at Baird, join Dani Burger on "Bloomberg Deals."

Dorothee Blessing, global co-head of investment banking at JPMorgan, joins Dani Burger on "Bloomberg Deals." They discuss the factors driving the record pace of global dealmaking in 2026.

US Commerce Secretary Howard Lutnick calls on other countries to utilize US artificial intelligence technology during an interview with Joe Mathieu at the G20 Innovation Ministerial in Chapel Hill, North Carolina.

Ouster's technology gives machines the ability to see and navigate the world around them helping drive the rise of physical AI.The company is expanding into drone mapping through a partnership with GeoCue, while John Deere is bringing Ouster sensors to its GUSS autonomous vehicles. Ouster CEO and co-founder Angus Pacala discusses the company's push into new markets and the growing demand for physical AI on Bloomberg Open Interest.