Mangione Pleads Guilty, Anthropic Revenue Surges, More
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News when you want it with Bloomberg News Now, I Mid Kaleggi. Luigi Mangioni Friday pleaded guilty in a federal case over the fatal shooting of United Health Executive Brian Thompson in December twenty twenty four. Mancioni admitted to two counts of stalking and that he shot Thompson outside an investor conference at a midtown Manhattan hotel. He did not make a plea deal with prosecutors and faces a maximum sentence of life in prison. The guilty plea is the first admission of wrongdoing by Mancion, who fled Manhattan after the shooting, setting off a furious manhunt that ended five days later when he was arrested at a McDonald's in central Pennsylvania.
The Claude Chatbot Maker reported a preliminary revenue figure of more than eleven and a half billion dollars in its latest completed quarter, compared to seven hundred eighty-seven million in the corresponding period in twenty twenty-five and four point seven three billion. In the first quarter of this year. Second quarter of twenty twenty six saw Anthropic report positive adjusted operating income. Jane Street posted roughly fifteen billion dollars of losses in July, its first monthly slump in about a decade, as AI focused hedge fund situational awareness swooned and dragged down asset prices across equity markets. Jane Street, which invests in situational awareness and directly invests in AI ventures, suffered a rare and severe downturn.
The company's investment in the hedge fund as well as wrongway bets in Asian equity markets drove part of the losses. Harvard has disclosed a $2.2 billion stake in SpaceX showing how the university's endowment has profited from an early bet on Elon Musk's giant rocket company.
holders of the stock. SpaceX is the largest single stock disclosed in the filing, which shows Harvard held four point three billion dollars of U.S. equities. Harvard oversaw 57 billion as of June 2025, the latest publicly available figure. The Trump administration plans to announce unprecedented economic measures against Iran. Retired General Mark Kimmet suggested on Bloomberg's balance of power that military action has not done the job.
It shows yet again the fallacy of winning a war through air campaigns alone. There hasn't been an air campaign that's won a war since the airplane has come into the air. So I think what they're doing is turning up the knob on the economic sanctions, turning down the knob on the military a little bit while still trying to work the diplomatic simultaneously.
Retired General Mark Hibbett on balance of power. President Trump has sought U.S. Supreme Court approval to keep building his massive new White House ballroom after two lower courts said he was flouting the law by proceeding without congressional authorization. In a filing made public Friday, Trump asked the justices for an emergency order letting construction continue without restrictions while a legal fight continues. An appeals court ruling blocking most above ground work will take effect August 21st unless the Supreme Court intervenes. Flock safety CEO Garrett Langley says police technology needs stronger guardrails calling for tougher auditing, shorter data retention periods. Speaking to David Gora on Bloomberg Open Interest, Langley says elected officials also have a critical role in setting rules around police technology and that regulators need to
to catch up as use expands.
Why did Luigi Mangione plead guilty to the fatal shooting of a United Health executive?
We also shouldn't skip over the role that our elected officials have in all of this. Um regulation of police technology is critical. We called yesterday for our state regulators to catch up.
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