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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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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Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins.

South Korea unveiled an ambitious plan aimed at cementing its status as a technological powerhouse, with companies led by Samsung and SK Hynix initiating large-scale investments in memory chips, data centers and robotics.

The US and Iran agreed to stop attacking each other before peace talks resume this week over the Strait of Hormuz and other issues, paving the way to end days of tit-for-tat attacks that tested a fragile truce.

And Andy Burnham will pledge the biggest devolution of power in England in modern times in his first major speech since confirming his intention to succeed Keir Starmer as prime minister.

Today’s guest: Fabricio Bloisi, CEO, Prosus and Naspers Group.

Chapters:
00:00:00 – Daybreak Europe
00:03:22 – Nikkei Slumps on AI Durability Worries
00:05:40 – US, Iran to Halt Attacks Ahead of Talks
00:10:16 – Traders Fully Price Fed Rate Hike This Year
00:13:39 – Anthropic Mythos 5 Cleared by US for Wider Use
00:16:00 – Lee: Massive Competition in Chips, AI Sectors
00:19:58 – Samsung, SK Hynix to Build 2 Chip Fabs Each in 800T Won Project
00:23:09 – Reeves Suggests Burnham Will Remove Her as UK Chancellor
00:26:21 – Andy Burnham Sets Out 10-Year-Mission to Raise Living Standards
00:29:43 – China’s State Media Say EU Risks ‘Freezing’ of Ties Over Trade
00:34:42 – Greenland’s Uneasy Investment Landscape
00:41:01 – Fabricio Bloisi, CEO, Prosus and Naspers Group
——–
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The USMNT remains competitive heading into its Round of 16 match against Belgium despite the suspension of striker Folarin Balogun, while France remains the tournament favorite led by Kylian Mbappé. Bloomberg News Senior Sports Reporter Randall Williams joins David Gura and Christina Ruffini on the couch of Bloomberg This Weekend and explains that the expanded FIFA World Cup has shattered attendance records and delivered a significant tourism and economic boost to host cities across the US, with packed stadiums and fan zones driving spending.
——–
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