Even as governments around the world criticize Israel’s conduct in Gaza, many are still purchasing Israeli defense technology at record levels. Defense exports reached historic highs as demand surged from Europe, the United States, and India for missile defense, drones, and battlefield-tested systems. Bloomberg speaks with author Dan Senor, Israel Aerospace Industries CEO Boaz Levy, Elbit Systems CFO Kobi Kagan, Defense Ministry official Colonel Yishai Cohen, and startup founders Udi Oster and Moshiel Biton to explain the global demand for defense technology that Israel is feeding.
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The US government has removed export controls on Anthropic’s Fable 5 AI model, clearing it for wider distribution after the startup resolved the Trump administration’s safety concerns. Bloomberg’s Tom Mackenzie and Anna Edwards report.
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“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Leon Panetta, former US Secretary of defense and CIA director, says the U.S. and NATO should provide Ukraine with the missiles it needs to keep pressure on Russia, arguing Vladimir Putin “only understands force.” Jessica Taylor, Senate and Governors Editor for the Cook Political Report, says it “absolutely” would be best for Graham Platner to withdraw from Maine’s Senate race after allegations of nonconsensual sexual behavior that he denies. Democratic Congressman Jared Huffman of California, the ranking member of the House Natural Resources Committee, discusses a report released by Democrats on the committee alleging possible fraud.

Chapters:

00:02:07 Bloomberg’s Wendy Benjaminson on trump Prepares to Depart for NATO Summit
00:05:13 Leon Panetta, Former US Secretary of Defense and CIA Director, on Trump Heads to NATO Summit to Face Wary Allies
00:08:46 Leon Panetta on Rutte Condemns Latest Russian Attack on Ukraine
00:17:12 Power Moves: Top Financial Moves
00:21:05 Jessica Taylor, Senate and Governors Editor for the Cook Political Report, on Platner Denies Accusations of ‘Non-Consensual’ Behavior
00:24:23 Jessica Taylor on Progressive Mallory McMorrow Suspends Michigan Senate Campaign
00:30:01 Representative Jared Huffman (D-CA) on House Dems Investigate Trump’s Running of US 250 Celebrations
00:37:08 Rep. Jared Huffman (D-CA) on FIFA Allows US Star to Play VS Belgium After Trump Appeal
00:40:18 Bloomberg’s Randall Williams on Trump: I Asked FIFA to Review Red Card Suspension
00:43:03 Political Panel Reacts: FIFA Trump Appeal, Trump Heads to NATO Summit, Maine Democratic Party Leadership Calls on Platner to Withdraw
——–
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Parents can now begin contributing to newly launched Trump Accounts, which provide a $1,000 government-funded investment for eligible children born between 2025 and 2028. Bloomberg’s Sarah Foster joins David Gura and Christina Ruffini on Bloomberg This Weekend and explains that financial advisers still generally favor 529 plans for education savings and that questions remain about the new accounts’ tax treatment, withdrawal rules and future investment options.
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China is one of the global frontrunners in the development of Advanced Driver Assistance Systems (ADAS) technology. These systems are now being used by most of China’s biggest logistics companies across 85 percent of China’s highways, including SF Express and YTO Express, plus international brands like Budweiser and Nestlé. Bloomberg’s Chief North Asia Correspondent Stephen Engle hitched a ride with an ADAS truck driver to report more on trucking logistics.
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