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Bessent on AI, Hollywood Shaken by Tariff Threat | Bloomberg Technology

May 10, 2025
in AI & Technology
Reading Time: 1 min read
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Bloomberg’s Caroline Hyde discusses the drop in media stocks following President Trump’s proposal to impose 100% tariffs on foreign-produced movies. Treasury Secretary Scott Bessent, speaking from the Milken Institute Global Conference, says the US must win the race to develop artificial intelligence as China closes the gap. Daniel Morgan, senior portfolio manager at Synovus Trust, explains what’s behind the market dip after a four-day rally.
——–
“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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