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PJM Grid Misses Power Supply Target Amid AI Surge

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PJM Interconnection LLC said its auction to procure power for the year starting June 2028 fell 6.8 gigawatts short of what it will need to guarantee system reliability during demand spikes, according to a statement. Will Wade has more on “Bloomberg The Close.”
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Visa’s Plan for India’s Payment Future

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Visa is looking beyond plastic cards in India. From agentic commerce to tokenization, Haslinda Amin explains how the payments giant plans to keep up with the changing ways Indians pay.
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US-China continue talks in New York, Meta’s Muse Agent Sparks Chip Rally

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“Bloomberg: The Asia Trade” brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets.

Chapters:
00:00:00 – Bloomberg: The Asia Trade begins
00:01:20 – AMD hits $1T market cap for the first time
00:05:40 – Meta’s Muse tops US app charts
00:10:46 – US Trade Representative Jamieson Greer on US-China trade ties
00:14:41 – Greer: Trade truce extension talks to continue
00:18:38 – UN General Assembly debate set to begin in New York
00:26:21 – Former Australian Ambassador to China Geoff Raby on US-China talks
00:33:12 – EXCLUSIVE: Vietnam President To Lam says close to sealing US trade deal
00:37:16 – Australia bets on AI to spur growth
00:42:07 – South Korea’s early exports rise to record as chip boom extends
00:47:25 – Markets open in South Korea and Australia
00:51:24 – Meta’s Muse opens fresh revenue opportunities
00:53:49 – US-China trade truce set to expire in November
01:01:01 – BofA’s Savita Subramanian on US market strategy
01:08:13 – EXCLUSIVE: Vietnam President To Lam on trade outlook, growth target
01:12:54 – China, US discuss AI and investment in second day of talks
01:16:01 – VeriSilicon Chairman and CEO Wayne Dai on global strategy
01:24:25 – AUSTRALIA AHEAD: ANZ’s Richard Yetsenga on economic outlook, AI push
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What’s the Cost of the Premier League’s Global Success?

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The Premier League has become a global phenomenon — but at what cost?

Adam Blenford explains why some fans are feeling pushed out.
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Tech Rally Loses Steam In Europe as Oil Rises

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A rally in technology stocks came to a halt as oil resumed its role in setting the tone for markets, with Brent heading for its first gain in a week as investors tracked diplomatic efforts to end the US-Iran war. Earlier, stocks got a lift after Meta’s new artificial intelligence agent, Muse, quickly rose to the top of mobile app charts.

The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards and Guy Johnson.

Correct: Graphic edited at 01;00;19;11, 01;27;09;02, 01;34;40;22 to clarify that Ermotti said fee pools in banking are going be down, with UBS in-line with market trends.

Chapters:
00:00:00 – The Opening Trade
00:00:28 – Market Check
00:03:28 – Tech Stocks Soar, Meta’s Muse AI Agent
00:05:47 – Oil Price Rises
00:06:57 – Trump’s UN General Assembly Speech
00:14:10 – CPU Rally Leads Semiconductors
00:18:45 – German Chancellor Merz on Elections
00:25:30 – Novo CEO Mike Doustdar
00:40:06 – Trump, Xi Jinping Summit
00:46:48 – Stocks to Watch: Tech, Roche, Kingfisher
01:00:57 – UBS CEO Ermotti on AT1 Proposals
01:04:26 – Meta’s Muse AI Agent
01:09:03 – Novo’s 2030 Ambitions
01:13:56 – Roche Obesity Shot Cuts Body Weight 15.5%
01:28:32 – China and US Discuss AI, Investment
01:32:56 – Brent Crude Price
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AI Gives Tech Firms New National Security Power

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Author Sharon Weinberger tells Bloomberg This Weekend that Silicon Valley’s relationship with the defense industry has transformed as technology companies and investors increasingly embrace national security work. Speaking with host Christina Ruffini, Weinberger says the growing power of AI and defense technology companies is testing the government’s ability to provide effective regulation and oversight.
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