Bloomberg This Weekend

Meta faces a landmark federal trial brought by 29 states over allegations that Facebook and Instagram were deliberately designed to addict young users and that the company improperly collected children’s data. The case could expose Meta to substantial penalties and potentially more consequential court-ordered changes to how its platforms operate.

Also this weekend, pet owners are spending money on experimental treatments they believe will help their pets live better and longer lives, including peptide injections, red-light therapy, and nutritional supplements. Some pet owners are giving their pets rapamycin, a drug that has shown promising anti-aging properties in st...

President Donald Trump downplayed concerns over conditions for sailors aboard the USS Abraham Lincoln, amid an uproar from service members' families as its deployment to the Middle East approaches nine months. Numerous relatives of the sailors and Marines aboard the aircraft carrier have voiced outrage at reports of food shortages, water contamination, moldy showers and long shifts in wartime aboard the vessel.

Also this weekend, Madison Square Garden Sports is proceeding with its plan to split the NBA's Knicks and the NHL's New York Rangers. The company has filed a public registration statement for the new Rangers...

The wait dragged on for an Iranian deal with Oman on the Strait of Hormuz, as the Islamic Republic’s top envoy said direct talks with the US were currently impossible.

Iranian Foreign Minister Abbas Araghchi, who said a pact to establish a temporary shipping route through the global energy chokepoint is “very close,” on Sunday criticized what he described as US violations of a short-lived interim peace agreement signed in June.

On today’s show, Bloomberg This Weekend hosts David Gura and Christina Ruffini speak with:

- Abeer Abu Omar, Bloomberg News, Middle E...

The US Senate confirmed Todd Blanche as attorney general, elevating President Donald Trump’s one-time personal defense lawyer to lead the nation’s top federal law enforcement agency.

Republicans closed ranks and supported Blanche, 52, in a 50-49 vote even after two GOP senators joined Democrats in opposition. Republican Senator Bill Cassidy of Louisiana, one of the holdouts, came out in support of Blanche after Senators Susan Collins of Maine and Lisa Murkowski of Alaska voted against him.

On today’s show, Bloomberg This Weekend hosts David Gura and Christina Ruffini speak with:

- Laur...

Governors from Oklahoma, Maryland and Delaware say states remain the nation's laboratories of democracy, sharing policy ideas on housing, education, child care and energy while arguing that affordability is the top concern for voters across party lines. They say states cannot control inflation or global energy prices but can lower costs through housing supply, consumer protections, child care investments and policies that encourage economic growth while managing the impact of AI and data centers.

Also this weekend, AI is dividing people not just over what the technology can do, but what kind of future they want to...

The Cockroach Janta Party, which led India’s biggest student protests in years, wants to build a nationwide movement to hold the government accountable for its promises to young people, one of its senior members said. The “Cockroach” party, which was created by a Boston University graduate Abhijeet Dipke, helped to channel youth anger over repeated exam paper leaks and other failures in the education system. Last week, the group drew tens of thousands of protesters onto the streets of New Delhi, with demonstrations quickly spreading to other cities across the country and opposition parties rallying behind its demands.

...

The US paused an almost two-week run of strikes against Iran for a second night while the Islamic Republic signaled it was refraining from any retaliatory attacks and held talks with Oman over the Strait of Hormuz. Skirmishes between Yemen's Houthi militants and Saudi Arabia have ratcheted up tensions, with the Houthis firing missiles and drones at Saudi facilities and the Saudi-led coalition responding with strikes on Houthi military positions.

Also this weekend, Miami's ultra-luxury real estate market is on track to shatter records in 2026, outpacing sales in New York City and the Bay Area as wealth...

President Donald Trump headlined a scaled-down White House Correspondents’ Dinner on Friday, three months after the original event was cut short by a gunman who allegedly sought to assassinate the president. Trump, in a long speech, at times criticized several reporters by name — sometimes in searing terms — while also saying he had respect for journalism and the press in the room.

Also this weekend, US measles cases in 2026 have already outpaced last year’s total and have reached a level not seen in more than three decades, with 2,318 confirmed infections reported. The US Centers for Disease Control and Prev...

Listen for instant reaction and analysis of megacap tech earnings from Alphabet and Tesla.

Alphabet reported second-quarter cloud revenue that far surpassed Wall Street’s expectations and said the division’s backlog of contracted business ballooned to more than $500 billion, offering fresh evidence that the company’s massive AI investments are paying off.

Meanwhile, Tesla missed Wall Street’s profit expectations even after a strong quarter of auto sales, a setback for the electric-vehicle maker as it looks to build out new lines of business in robotics, autonomy and AI.

To break down all of t...

President Donald Trump says Republicans should “add Iran to the Russian Sanctions Bill” in a post on Truth Social today. He adds it is what late Lindsey Graham “wanted to do, and it was going to happen”

Also this weekend, Lionel Messi’s Argentina will face off against European champions Spain in the World Cup final in New Jersey, a match that wraps up a tournament that shattered attendance records and has been hailed as a major economic victory for the region.

On today’s show, Bloomberg This Weekend hosts David Gura and Christina Ruffini speak wi...

Washington’s air improved slightly on Friday while New York City could be blanketed by more wildfire smoke later in the day. President Donald Trump alleged Canada is “responsible for the fact that they are not properly maintaining their Forests” and threatened to increase tariffs on Canada in response to the trans-border smoke.

Also this weekend, Moonshot AI released Kimi K3, a model that outperforms all rivals except for Anthropic’s Claude Fable 5 and OpenAI’s GPT-5.6 on overall capability. The release of Kimi K3 has stunned some AI watchers and investors, fueling concerns about whether the immense sp...

Netflix forecast a second consecutive quarter of slowing sales growth, feeding investor anxiety about the streaming giant’s future.

The company projected revenue of $12.9 billion in the current quarter and earnings of 82 cents a share, both a little shy of analysts’ expectations. The shares fell as much as 9% in after-hours trading.Second-quarter results were in line with Wall Street’s consensus, but most of the attention has been on future performance.

Shares in Netflix have declined more than 40% over the last year, as the company’s pursuit of Warner Bros. Discovery Inc. and subsequent financial results...

Lindsey Graham, the South Carolina senior senator and foreign policy hawk who changed from a Donald Trump skeptic to one of the US president’s strongest allies, died on Saturday. He was 71. The cause of death was “a brief and sudden illness,” Graham’s office said in a post on X. Emergency personnel responded to a call for “cardiac arrest” at Graham’s Capitol Hill home on Saturday night, NBC reported, citing police scanner audio.

Also this weekend, the US struck Iran for a third time in a week, prompting retaliatory attacks on at least five Arab nations. Iran...

The US is demanding that Iran issue a public statement that all channels of the Strait of Hormuz are open to shipping and that they will not attack transiting civilian vessels. US officials warned that failure to do so by Tehran would result in consequences.

Also this weekend, Russia and Ukraine attacked each other’s key grain export gateways overnight after shipping across the Sea of Azov was disrupted the previous day, triggering a spike in wheat prices. Ukraine targeted four vessels with drones in Taganrog Bay in the Sea of Azov following a strike on the ar...

Bloomberg’s David Gura hosts a special edition of Bloomberg Tech as SK Hynix starts trading on the Nasdaq, in what is the biggest-ever US listing by a foreign company. He recaps Ed Ludlow's sit-down interview with SK Group Chairman Chey Tae-won from the Nasdaq, and dives deeper into the listing's impact on the rest of the US chip sector.

See omnystudio.com/listener for privacy information.

President Donald Trump gave a speech on the National Mall after thunderstorms delayed the start of his remarks, celebrating the nation's 250th anniversary and highlighting his own political priorities.
Trump declared communism a "loser" and pushed for passage of a measure to restrict mail-in voting and require the use of voter identification for elections, while also inviting veterans to the stage.

Also this weekend, Trump Accounts arrive with a powerful promise: Give a child a head start, let decades of compound growth do the work and potentially build millions of dollars over a lifetime. Whether they...

Bloomberg This Weekend is on the USS Intrepid in New York to celebrate America's 250th birthday! New York Harbor welcomed more than 40 tall ships to mark the nation’s 250th anniversary, with the largest ships parading up the Hudson River.

On today’s show, Bloomberg This Weekend hosts David Gura and Christina Ruffini speak with:

- Documentary filmmaker Ken Burns, on how America's origin story matters in divided times.

- Maryland Governor Wes Moore (D), on what it means to be an American today and whether opportunity still exists for Americans.

- Br...

More opinions from the US Supreme Court are set for Monday, with key decisions yet to be announced on birthright citizenship and President Trump's attempt to fire Federal Reserve Governor Lisa Cook. This week, the Supreme Court found the government has broad power to act without judicial review, effectively allowing it to cancel Temporary Protected Status for 350,000 Haitians and 7,000 Syrians in the US.

Also this weekend, the White House wants to make Dulles International Airport great again, with President Donald Trump adding it to the list of venues and amenities in and around the capital he hopes...

The US attacked Iran one day after Tehran struck a commercial ship in the Strait of Hormuz, an exchange that threatened to break the fragile ceasefire between the two countries. US Central Command said that American aircraft on Friday hit Iranian missile and drone storage sites as well as coastal radar installations, calling it a “powerful response to yesterday’s attack.”

Also this weekend, artificial intelligence is barging into the workplace and transforming the battlefield. Now, it’s coming to the ballot box, promising to rewrite the DNA of politics.

On today’s show, Bloomberg This Weeke...

The US and Iran began talks on a permanent peace deal that seek to settle the issue of the Islamic Republic’s nuclear program and permanently reopen the Strait of Hormuz.

The first high-level meetings of US, Iranian, Qatari and Pakistani representatives commenced Sunday in the Swiss resort of Bürgenstock, with US Vice President JD Vance and Iranian Foreign Minister Abbas Araghchi among attendees.

But even as the meetings got underway, President Donald Trump threatened in a social media post Sunday to strike Iran again if it doesn’t “immediately stop their highly paid PROXIES...

Iran said it has closed the Strait of Hormuz for shipping transit due to what it called Israel’s violation of a ceasefire, even as Pakistan said US-Iran talks were set to open in Switzerland on Sunday.

The Hormuz action casts a new cloud over the talks, which are aimed at permanently ending a conflict that’s thrown the Middle East into disarray. The immediate impact on vessel traffic was unclear, but even before the recent ceasefire, millions of barrels of oil had been quietly escaping the waterway each day.

Iran’s joint military command said t...

Bloomberg's Lisa Abramowicz and Scarlet Fu discuss remarks from Fed Chair Kevin Warsh following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.

Warsh vowed to restore price stability following his first policy meeting since taking the helm of the US central bank, after officials left interest rates unchanged and signaled growing support for rate hikes this year.

“Persistently high prices are a burden for the American people, but the recent past need not be prologue,” Warsh said in his debut press conference as chairman. Officials “are unambiguous and unanimous. This commit...

US President Donald Trump said an interim deal to reopen the Strait of Hormuz and end the conflict with Iran would be signed on Sunday, a claim contradicted by Iran as the two sides still differ over key points, including management of the waterway and payments to the Islamic Republic.

“The Deal is scheduled to get signed tomorrow, and immediately after it is signed, the Hormuz Strait is OPEN TO ALL,” Trump said in a social media post on Saturday, while claiming that Iran “no longer wants a Nuclear weapon.”

Pakistan, which has served as a mediat...

Elon Musk and his executives had one overarching message for the army of people working on the SpaceX initial public offering over the past six months: Faster, move faster. 

As the gigantic space exploration startup barreled toward a public listing after 24 years as a private company, the urgency was apparent. The acquisition of a $250 billion artificial intelligence company in the middle of the process? Don’t let it slow you down. Why have everyone wait late into the evening for the final terms? Instead, close the deal during market hours.

The rush was driven by a c...

Shares of SpaceX climbed in their first day of trading on Friday following a $75 billion IPO that smashed records and instantly turned the crown jewel of Elon Musk’s empire into one of the most valuable public companies in the world. 

The stock climbed as high as $176.52, or 31% above its offering price, less than two hours after the shares started trading shortly before noon in New York. The jump in price turned Musk into the world’s first trillionaire and sent the company’s market capitalization above $2 trillion. 

For instant reaction and analysis, Bloomberg's Kailey Leinz sp...

Elon Musk's SpaceX is set to deliver the biggest ever IPO, more than doubling the size of Saudi Aramco’s $29.4 billion listing in 2019. The company is offering about 555.6 million shares at $135 each in a deal that could value it at roughly $1.8 trillion. The stock will make its debut on the NASDAQ on Friday.

Plus, the International Air Transport Association's Annual General Meeting. United Airlines CEO Scott Kirby said affluent travelers continue to spend on air travel despite a sharp rise in fares.

On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa...

President Donald Trump expressed interest in the US government holding equity stakes in leading artificial intelligence developers, saying that he planned to discuss the idea of a partnership with AI companies’ executives as soon as next week. Trump said he had already spoken to the companies about the idea, though he offered no specifics on those conversations. In his remarks, he addressed news reports that the administration would put the stock into a government-run wealth fund that would redistribute some of the financial windfall to the public and signaled his openness to that idea.

President Trump also sa...

New details emerged this morning about President Trump's meeting in the situation room last Friday. According to Axios, President Trump is asking for several amendments to a deal negotiated between his envoys and the Iranians. In particular, President Trump wants to strengthen the sections around Iran's nuclear material, including details on how the US gets that material, and when.

All this is happening while several Americans were hurt in a missile attack on a Kuwaiti air base as negotiations to extend the ceasefire with Iran dragged on without conclusion.

On today’s show, Bloomberg This We...

US Defense Secretary Pete Hegseth praised defense allies in Asia and hailed newly stable ties with China, while taking swipes at longstanding security partners in Europe. The comments, made Saturday at an Asia security forum in Singapore, are the latest sign of the Trump administration shifting attention toward the Indo-Pacific while expressing antagonism toward Europe and the NATO alliance. 

Hegseth singled out allies such as South Korea, Japan and the Philippines for “stepping up” on defense while lambasting European nations that “threw open their borders and hollowed out their militaries.” His comments and omission of Taiwan in his addre...

President Donald Trump said the US won’t “rush” into a deal with Iran, saying both sides must take their time to “get it right.” This comes after an earlier White House announcement that a deal with Iran to end the war and reopen the Strait of Hormuz is forthcoming.

A man was shot by US Secret Service agents near the White House on Saturday after he opened fire with a handgun, according to a statement from the agency. The man had been pacing along the street for some time before he approached a police checkpoint, pulled a pistol f...

Persian Gulf nations and Pakistan stepped up efforts to transform a fragile truce in the Iran war into a permanent peace deal, with US President Donald Trump again signaling that the conflict may end soon.  

Field Marshal Asim Munir, Pakistan’s army chief and the favored interlocutor between the US and Iran, visited Tehran Friday for discussions on an accord with Iranian Foreign Minister Abbas Araghchi that lasted late into the night. Araghchi held separate talks with his counterparts in Oman, Turkey, Qatar and Iraq, and United Nations Secretary General António Guterres, the Iranian Foreign Ministry said...

President Donald Trump and Health Secretary Robert F. Kennedy Jr. succeeded in their efforts to defeat Senator Bill Cassidy in Louisiana’s Republican primary.

Cassidy was one of seven GOP senators who voted to convict Trump on the charge of inciting an insurrection, and Trump said of Cassidy that "his disloyalty to the man who got him elected is now a part of legend, and it’s nice to see that his political career is OVER!"

On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with:

- Lesl...

President Trump returned to the White House after a summit in Beijing with Chinese President Xi Jinping. Xi warned that Taiwan could lead to "clashes" between the US and China, calling it a "highly dangerous situation" for the world's biggest economies. Trump must now decide whether to approve a $14 billion US arms sale to Taiwan, which could unleash a bipartisan backlash in Washington or face Beijing's wrath if the deal is approved.

The Long Island Rail Road, the nation’s busiest commuter line, suspended service for the first time in more than 30 years after labor groups and tra...

Iran submitted its response to the latest US proposal to end 10 weeks of war, the state-run Islamic Republic News Agency reported, without giving any further details. The proposal implies Iran’s acceptance would end the conflict, which has killed thousands of people across the Middle East and sent energy prices soaring. The two sides would still need to negotiate a deal over Iran’s nuclear program, which remains a critical sticking point.

In Spain’s Canary Islands, a cruise ship at the center of a deadly hantavirus outbreak is starting the process of evacuating passengers, almost a month...

The UK will deploy one of its warships to the Middle East as part of planning for a European-led mission to escort ships through the Strait of Hormuz once there’s a stable ceasefire. The move comes as Iran weighs a new proposal from the US to end the war, which has been going on for 10 weeks. The ship has just completed weapons system testing off the coast of Crete and was deployed to help defend Cyprus at the start of the conflict. 

Also this morning, a cluster of hantavirus infections linked to a cruise ship in the...

Efforts continued to broker an end to the Iran war, now into its third month, as President Trump suggested the Islamic Republic’s latest peace proposal might not be enough to satisfy him. Iran’s suggestions include setting a one-month deadline on talks for a deal to reopen the Strait of Hormuz and end both the US naval blockade and the fighting in Iran and Lebanon, Axios reported, citing two people familiar with the matter. 

Back in the US, Spirit Airlines is winding down operations after the troubled discount carrier buckled under the weight of surging fuel price...

Spirit Airlines is winding down operations after the troubled US discount carrier buckled under the weight of surging fuel prices and a government bailout dangled by President Trump fell through. All Spirit flights have been canceled, and passengers have been advised not to go to the airport, after the airline failed to secure a deal with the Trump administration for funding.

Transportation Secretary Sean Duffy spoke hours after Spirit ceased operations, leaving passengers and employees stranded across the US. He announced measures to support those passengers, saying several carriers including United, Delta, Southwest and JetBlue agreed to...

Apple delivered second-quarter revenue that edged past analysts’ estimates, helped by demand for the iPhone and Mac, while failing to produce the blowout results that some investors were anticipating. 

Revenue gained 17% to $111.2 billion during the period, which ended March 28, the company said in a statement Thursday. Analysts had anticipated $109.7 billion on average. Apple itself had projected sales growth of 13% to 16%.

The company is benefiting from a series of new products launched in March, including the MacBook Neo, iPhone 17e, updated iPad Air models and a fresh MacBook Pro. The $599 Neo — Apple’s first major push into low...

Four of the biggest companies in the US: Alphabet, Amazon, Meta and Microsoft all reported earnings after the bell.

- Meta Platforms shares slid after the company raised its spending outlook for the year, reigniting fears that the historic levels of investment it’s making to build artificial intelligence models won’t pay off.

- Microsoft's cloud business reported growth that narrowly beat analysts’ estimates, disappointing investors concerned that the company isn’t fully capitalizing on demand for AI services.

- Amazon spent more than anticipated to expand data center capacity in the quarter...

Bloomberg's Tom Keene and Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.

Federal Reserve Chair Jerome Powell said he’ll remain at the central bank as a governor after his term as chair ends. “After my term as chair ends on May 15, I will continue to serve as a governor for a period of time to be determined,” Powell said Wednesday at a press conference.

While Powell’s term as Fed chair ends on May 15, his seat on the B...