German Chancellor Friedrich Merz is scrambling to contain the fallout from the far-right AfD’s victory in state elections.

Oliver Crook explains.
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From foldable iPhones to AirPods with cameras to smart glasses, Apple has a whole lineup of major product launches planned for the coming two to three years.

Bloomberg’s Mark Gurman joins Max Chafkin and Stacey Vanek Smith on the Everybody’s Business podcast to unpack the latest products the company will be releasing at the start of John Ternus’ tenure and which product he is most excited about.
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Jul.13 — Bloomberg Surveillance: Early Edition, live from London, Berlin and New York. Francine Lacqua, Matt Miller, and Kailey Leinz deliver the latest news and analysis on the markets with leaders in global finance and economics. DNB CEO Kjerstin Braathen says the shipping industry will have to undergo restructuring to achieve net zero carbon emissions by 2050. Goldman Sachs Managing Director of Portfolio Strategy and Asset Allocation Christian Mueller-Glissmann and Fidelity International Global Head of Macro and Strategic Asset Allocation Salman Ahmed discuss outlook for the markets ahead of earnings and inflation data. Dr. Amesh Adalja, Johns Hopkins Center for Health Security senior scholar, discusses the warning added to Johnson & Johnson’s Covid-19 vaccine and the potential need for a third vaccine booster dose.

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Olives were a low-stress crop for millennia, but climate change has made the harvest much less predictable. Now, thefts are on the rise — which makes growing regions increasingly desperate.
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AI developers including Anthropic and OpenAI are clashing with the Trump administration over their calls for an industrywide slowdown in AI development. Bloomberg News Senior Editor of Technology & Strategic Industries Mike Shepard explains the increasing tensions. It comes as President Trump continues to clash with Canada’s Mark Carney. Bloomberg News Executive Editor for Canada Derek Decloet breaks down the latest news. Then, Vertical Aerospace CEO Stuart Simpson talks about growing the eclectic aviation industry to become more commercialized. Plus, Bloomberg’s Mike Mckee breaks down why the 10-year yield is breaching 5% and what is means for the FOMC meeting  this week. Finally, Bloomberg’s Dani Burger interviews Bank of America CEO Brian Moynihan as shares drop on news that trading revenue will be “relatively flat” in the third quarter compared to last year. All on the latest episode of “Bloomberg Businessweek Daily.

Chapters
00:00:00 Bloomberg Businessweek Daily
00:02:42 Markets: Chip Stocks Fall, Oil Rises
00:04:47 AI Leaders Call for Slower Development
00:05:35 Trump, AI Safety & the Race With China
00:08:32 Microsoft Joins the Push for AI Guardrails
00:10:21 Mark Carney on the U.S.-Canada Trade War
00:13:17 Can the U.S. and Canada Reach a Deal?
00:15:44 Canada’s $1 Trillion Investment Push
00:21:07 The Future of Electric Flying Taxis
00:22:29 Manhattan to JFK by Air Taxi
00:26:45 Vertical Aerospace’s Funding Challenge
00:31:19 Treasury Yields Break Above 5%
00:33:51 What to Expect From the Fed
00:35:03 Bank of England & Bank of Japan Rate Decisions
00:39:50 Bank of America CEO Brian Moynihan
00:43:43 Moynihan on AI Safety & Regulation
00:51:34 How an AI Slowdown Could Impact Wall Street
00:54:08 Moynihan on Rates, Inflation & the Economy
——–
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