Country Music Icon Dolly Parton Dies, US-Canada Trade Fight Intensifies, More
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Building a successful business is hard. Building one that lasts is even harder. The jobs market is tough. Industries are evolving. AI is advancing. How do you adapt and stay ahead? I'm James Reed, Chairman and CEO of Reed, and host of the All About Business Podcast. Every Monday, I sit down with founders, CEOs, and entrepreneurs who've built extraordinary businesses, the people who get things done. I ask them about the decisions that mattered, the risks they took, the mistakes they made, and what they'd tell you to do differently. Whether you're building a business, leading a team, or simply fascinated, By how successful people think. You'll hear honest conversations about the good, the bad, and the ugly of building something that lasts.
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News When You Want It with Bloomberg News Now, I'm Doug Chrisner. We begin with sad news from Nashville. Dolly Parton, the queen of country, has died. Parton emerged from extreme poverty in rural Tennessee to become one of America's most distinguished songwriters and wealthiest self-made women. Her career spans seven decades and she sold over one hundred million records worldwide.
What can I do by what a way to make living better get and by it's all
Jake? That is from the soundtrack of the nineteen eighties comedy film Nine to Five. Parton was inducted into the Country Music Hall of Fame as well as the Rock and Roll Hall of Fame, and she received the Kennedy Center honors in 2006. Dolly Parton was 80 years old. Canada is reciprocating with new tariffs in its trade war with the U.S. Prime Minister Mark Carney unveiled levies on a American steel and aluminum products at a fifty percent rate. Now that matches what the U.S. has implemented, and there will be new Canadian tariffs on American made milk, furniture, clothing and apparel, as well as video game consoles, smartphones, and other electronics.
trying to destroy key Canadian industries such as steel, aluminum, and auto manufacturing. Here is Doug Ford, the Premier of Ontario Province.
I think it'd be more productive if we actually sit down and the Prime Minister and and the President sit down and have a fair deal for everyone because right now there's uh there's there's not certainty in either country, there's not stability. I talked to a lot of governors and senators and congresspeople. Uh they need certainty. Their constituents need certainty. And the way you do it is by signing a fair uh trade deal. And I told the Prime Minister, uh no deal is uh better than a bad deal. And we have to go tariff for tariff and And uh dollar for dollar.
That is Ontario Premier Doug Ford speaking on Bloomberg's balance of power. Now Canada's retaliatory tariffs are set to take effect September 8th. Prime Minister Carney also unveiled today new programs to support Canadian businesses hurt by the trade war.
Wave of leadership departures ahead of a planned IPO. Now separately, OpenAI said its new processor known as Jalapeno performed better than the latest lineup from NVIDIA. OpenAI created Jalapeno in partnership with Broadcom. Here is Richard Ho, Vice President of Hardware at OpenAI. It's a really good chip. Uh it should drop it by
Uh a lot. Like, you know, it the the performance per watt that we're seeing, which is a good proxy for how much token will cost, is somewhere in the region between you know 1.8 to 4x better than other existing chips right now. Um and so we should see that ultimately when this rolls out into production, customer token prices should come down. That's a big you know drive that we've had at OpenAI for a little while now. Um, and this really is part of that strategy. And again, it goes back to attacking not only in the software, but attacking all the way down into the hardware and even into the data centers as well.
That is Richard Ho, Vice President of Hardware at OpenAI. Now the company is planning to begin using these new chips to support its AI models later this year.
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