In April, the price of tomatoes was around $2.69 per pound — the highest seen in some four decades. So what’s driving the price spike?

Jacob Krempel, senior vice president of procurement and merchandising at the wholesale food distributor Baldor, joins Tracy Alloway and Joe Weisenthal to unpack why consumers are paying more and more at the grocery store.
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“Bloomberg Crypto” covers the people, transactions, and technology shaping the world of decentralized finance. Today’s guests: Ice-OKX Joint Venture Co-Chair & Former New York Governor Andrew Cuomo, Figure Co-Founder Executive Chairman Mike Cagney, BitGo CEO Michael Belshe, and Lyn Alden Investment Strategy Founder Strategist Lyn Alden.

Chapters:
00:01:30 – Andrew Cuomo on Joining OKX, ICE & the Future of Tokenized Equities
00:05:46 – Why Tokenized Stocks Could Transform the New York Stock Exchange
00:07:41 – Cuomo on Crypto Regulation, OKX, and the Future of U.S. Digital Assets
00:09:58 – The CLARITY Act, Washington Politics & Why Crypto Rules Are Taking So Long
00:16:24 – Ethics in Crypto: Trump, Public Officials & Financial Conflicts of Interest
00:19:19 – Robinhood Rolls Out Perpetual Futures In Europe
00:24:19 – Money Rewired: Stablecoin Consortium Takes Aim at Circle
00:28:25 – Figure CEO Mike Cagney on Blockchain Lending & the Kiavi Acquisition
00:30:09 – Can Blockchain Replace Traditional Mortgage Infrastructure?
00:34:29 – BitGo CEO on Crypto Infrastructure, Custody & the Future of Digital Assets
00:36:44 – Layoffs, AI Productivity & Building a Sustainable Crypto Business
00:38:49 – Quantum Computing Risks & Preparing Crypto for the Next Security Era
00:41:09 – Lyn Alden on Strategy Selling Bitcoin & What It Means for Investors
00:42:54 – Is Strategy Still Bitcoin’s Most Important Corporate Holder?
00:44:46 – Treasury Companies, Bitcoin Strategy & Final Market Outlook
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UK Chancellor of the Exchequer Rachel Reeves didn’t rule out further tax increases in this parliament, after announcing a £26 billion ($34.4 billion) revenue-raising package to stabilize Britain’s public finances. She spoke with Bloomberg’s Lizzy Burden Wednesday https://bloom.bg/4p39UAd

The budget included a more-than-doubled buffer of £22 billion and increased welfare spending by £16 billion, with decisions such as scrapping the cap on child benefits earning praise from left-wing Labour MPs.
The Office for Budget Responsibility said the budget would have “no significant impact on output by 2030”, and the UK tax burden is expected to hit 38% of GDP, the highest since records began just after the second world war.

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Microsoft Corp.’s Xbox plans to eliminate 3,200 jobs, or around 20% of its staff over the next year, as part of a massive reorganization to spur growth in the struggling gaming division. Jason Schreier reports on “Bloomberg Open Interest.”
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The Pros and Cons of a Pennsylvania Data Center
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