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Bessent Says US Must Win on AI and Quantum; Hollywood Shaken by Tariff Threat
Published 9 months, 2 weeks ago
Description
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.
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