Amy Morris

So now Senator Elizabeth Warren is criticizing Defense Secretary Pete Hegseth for his threats against Anthropic.

Hegseth threatened to cut Anthropic out of the Pentagon supply chain or invoke the Defense Production Act unless Anthropic gave the military unfettered access to its AI model.

Warren, along with other Democrats, released a statement calling that threat extortion.

Richmond Fed President Tom Barkin says if AI disrupts business and the labor market, interest rate policy should not be used to counter that.

At an event in northern Virginia, Barkin says such disruption is part of the essence of capitalism.

He calls it creative destruction, which he says has been happening for hundreds of years, and interest rate policy is not the answer.

Kansas City Fed President Jeff Schmidt says AI may help the workforce as the population ages and fewer people enter the workforce.

Schmidt said AI could create higher productivity per person.

He spoke at his bank's Denver branch.

St.

Louis Fed President Alberto Mosalem says the U.S.

central bank's benchmark interest rate is near neutral and well positioned to balance risks to employment and inflation.

St.

Louis Fed President Alberto Masalem spoke at an event in St.

Louis.

That's news when you want it with Bloomberg News Now.

I'm Amy Morris and this is Bloomberg.

News when you want it with Bloomberg News Now, I'm Amy Morris.

Cuba's Interior Ministry says their Coast Guard shot four people dead and injured six others in a speedboat registered in the U.S.

The ministry says the Florida speedboat was in Cuban territorial waters when a vessel from Cuba's Coast Guard approached the boat to identify the passengers.