A jury rejected Elon Musk’s claims that OpenAI under Sam Altman’s leadership betrayed its mission to benefit the public by morphing into a for-profit business, finding that he waited too long to bring his claims against the company.

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WTA player Caroline Wozniacki says that tennis tournaments are “moving in the right direction” as they increase prize money and accommodations https://bloom.bg/4r6ovvO

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On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu discusses the latest from the Trump Administration. On today’s show, Stonecourt Capital Partner Rick Davis, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Vice President of the Defense & Security Department at the Center for Strategic and International Studies Emily Harding.

Chapters
00:00:00 Balance of Power: Early Edition
00:00:50 Market Update: Chip Stocks Rally While Oil Pulls Back
00:02:25 U.S. and Iran Exchange New Strikes
00:04:20 Is the Iran Ceasefire Really Over?
00:06:20 Strait of Hormuz Shipping Disruptions
00:07:45 Graham Platner Suspends Senate Campaign
00:09:20 What Happens Next in Maine’s Senate Race?
00:13:55 Political Fallout from the Platner Controversy
00:18:55 Market Update: Semiconductors Lead the Rally
00:21:20 Tech Stocks Rebound Despite Geopolitical Risks
00:24:15 Micron Surges on AI Investment Plans
00:26:40 Markets Shift Focus to Earnings Season
00:27:15 CSIS on the U.S.-Iran Conflict
00:29:20 Are the U.S. and Iran Still Negotiating?
00:32:05 How the Pentagon Planned for a Strait of Hormuz Crisis
00:34:15 Military Success vs. Strategic Objectives in Iran
——–
More on Bloomberg Television and Markets

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On the early edition of Balance of Power, Bloomberg Washington Correspondent Joe Mathieu discusses the latest from DC. On today’s show, former US Ambassador to Iraq James Jeffrey, Stonecourt Capital Partner Rick Davis, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Quincy Institute for Responsible Statecraft Executive Vice President Trita Parsi.

Chapters
00:00:00 Balance of Power: Early Edition 
00:00:00 Market Update: SK Hynix Soars in U.S. Debut
00:03:15 Iran Ceasefire Confusion: Talks Continue?
00:04:30 Former Ambassador James Jeffrey on U.S.-Iran Strategy
00:07:20 Is the U.S. Tightening Pressure on Iran?
00:09:15 Behind-the-Scenes Diplomacy with Tehran
00:11:20 SK Hynix’s Record-Setting U.S. IPO
00:13:00 Why AI Memory Demand Keeps Growing
00:17:45 What to Watch for Tech Earnings Season
00:19:05 Market Update: Semiconductors Lead Again
00:21:15 Trump Refuses to Sign Housing Bill
00:23:45 Why the Housing Bill Still Becomes Law
00:27:10 Political Panel on Trump’s Housing Decision
00:32:35 Market Update: SK Hynix Extends Gains
00:34:50 Memory Chip Shortage May Last Beyond 2030
00:38:50 U.S.-Iran Talks Resume Amid Ongoing Strikes
00:40:20 Can the Ceasefire Still Be Saved?
00:43:10 Inside Iran: Public Opinion & the Regime
00:46:20 What Happens if the Ceasefire Collapses?
——–
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Today, Bloomberg’s Tyler Kendall reports the minutes from the first FOMC meeting of Kevin Warsh’s tenure as Fed chair. Then, Bloomberg Economics senior geoeconomics analyst Adam Farrar breaks down oil market reaction as the US threatens more strikes against Iran and a renewed blockade of the Strait of Hormuz. Plus, Stephanie Roth, chief economist at Wolfe Research, reacts to news that some Fed members initially saw the case to hike rates despite eventually falling in line with fellow committee members in holding rates. Then, Brian Dobson and Greg Pendy from Clear Street discuss their SpaceX buy rating and where they see the stock going. Finally, Bloomberg ‘Business of Sports’ podcast co-host Vanessa Perdomo-Maglione talks the Unites States’ exit from the World Cup and the future of soccer in the US.

Chapters
00:00:00 Bloomberg Businessweek Daily
00:00:00 Market Reaction to the Fed Minutes
00:01:15 Inflation Risks, AI Spending & Interest Rates
00:03:30 Markets Digest the Fed’s New Direction
00:04:20 Iran Conflict Escalates Again
00:05:45 Trump Questions the Future of Iran Negotiations
00:09:35 Stephanie Roth on the Fed’s ‘Family Fight’
00:10:55 Is AI Becoming an Inflation Driver?
00:12:20 Could the Fed Still Raise Rates?
00:14:05 Kevin Warsh’s New Communication Strategy
00:18:55 Market Update: Tech Holds Up, Oil Surges
00:21:15 Breaking Down SpaceX’s Valuation
00:23:00 Why Analysts Are Bullish on SpaceX
00:29:40 Starship, Growth Risks & Elon Musk
00:32:40 Market Update: Oil, Semiconductors & Airlines
00:34:40 World Cup 2026: Tournament Takeaways
00:36:40 Can Soccer Keep Growing in the U.S.?
00:39:15 Team USA’s Future After World Cup Exit
00:42:45 Market Update: Final Hour of Trading
00:44:15 Stocks on the Move
00:44:30 Broadcom Rallies on Expanded Apple Partnership
00:45:45 Energy Stocks Rise as Oil Jumps
——–
More on Bloomberg Television and Markets

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