Summary
The weekend edition of Bloomberg This Weekend covers breaking news of a potential Iran deal to reopen the Strait of Hormuz, a shooting near the White House, a pause in $14 billion Taiwan arms sales, the Ebola outbreak in DRC, the Pope's first encyclical on AI, mega-IPOs from SpaceX and OpenAI, the Texas Senate primary runoff, and anti-AI protests on college campuses. No explicit investment recommendations are made, but the Iran deal and travel trends are discussed for their economic implications.
- White House says a deal with Iran to reopen the Strait of Hormuz will be announced shortly; details remain scarce.
- A 21-year-old man opened fire near the White House and was killed by Secret Service; President Trump was safe.
- The U.S. paused a $14 billion arms sale to Taiwan, sparking concern from Taipei's representative.
- Ebola outbreak in DRC is the second largest on record; funding and surveillance gaps hinder response.
- Pope Leo XIV releases his first encyclical on AI, focusing on moral and social impacts.
- SpaceX plans a $2 trillion IPO; OpenAI and Anthropic also aim for public listings this summer.
- Texas Senate runoff between Ken Paxton and John Cornyn tests President Trump's endorsement power.
- Gen Z sentiment toward AI is deteriorating, with protests at universities over job displacement and ethics.