July 28, 2026: US Intercepts Iran Attack on Bases, SK Hynix Profit Disappoints, More
episodePreviously titled “US Intercepts Iran Attack on Bases, SK Hynix Profit Disappoints, More” — renamed by the publisher on Aug 2, 2026
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What is the main topic discussed in this episode?
AI is entering its most consequential phase where scale, safety and sovereignty will determine who leads and who lags. Join Bloomberg Tech in London on November 2nd and 3rd as global leaders across business, finance and policy examine the defining trade-offs shaping the future of AI. Thank you to our presenting sponsor, Salesforce, and supporting sponsors, IDA Ireland and Schneider Electric. Learn more at BloombergLive.com slash TechLondon.
News when you want it. With Bloomberg News Now, I'm Doug Krisner. Crude oil prices are rallying after a flare-up of military action across the Middle East. Earlier, Iran-backed militias in Iraq fired drones at oil facilities in Saudi Arabia's eastern region. And at the same time, Axios reported Iran launched missiles toward a U.S. military base in Jordan. Then we had CENTCOM reporting that all missiles targeting U.S. service members have been intercepted. And now the U.S. military is saying both American and Saudi forces have struck weapon sites used by Iran-backed militias in Iraq. President Trump and Israeli Prime Minister Benjamin Netanyahu met today at the White House. This was their first meeting since the beginning of war with Iran.
Trump also met with Ukrainian President Volodymyr Zelensky. Now, Zelensky said they discussed licenses for Patriot interceptor production and other ideas to help Ukraine defend against Russian missile and drone strikes. These meetings, by the way, took place before the funeral service for the late Senator Lindsey Graham, where President Trump gave the eulogy.
Lindsey Graham believed in a strong America, wanted a strong America. He had unwavering faith in the righteousness of American power and prayer. He was extremely hawkish, I will tell you. He never saw war that he didn't like. Only his true friends would understand that, but he wanted it for the good of our country.
Then later in the day, the U.S. Senate voted overwhelmingly to support legislation to allow President Trump to impose more restrictions on major buyers of both Russian and Iranian energy. Trump signaled support for this measure, which had been championed by the late Senator Graham. Now, this bill has a strong chance of passing the Senate this week. However, it would not become law until September at the earliest, since the House of Representatives has left for the August recess. The Senate has confirmed Jay Clayton as Director of National Intelligence. He will replace Interim Director Bill Pulte. Clayton is the former top federal prosecutor in Manhattan. His nomination process did raise concerns, however, including his refusal to say who won the 2020 election.
In South Korea, chipmaker SK Hynix reported operating profit for the second quarter below expectations.
How did US and allied forces intercept missiles and drones in the latest Iran strike reports?
In local currency terms, quarterly profit rose 557%. That was smaller than expected. Later in the call with analyst, SK Hynix remained bullish on the outlook for memory chip demand in 2027. Here is Bloomberg's Winnie Hsu.
Investors really like the fact that the company has finalized these long-term agreements with their key 10 customers. So even our Bloomberg intelligence analysts were saying that they see this growth to be more sustainable going forward from third quarter because of these longer-term contracts and that this will likely going to be able to support the key pack spending that the company has been putting in.
That is Bloomberg's Winnie Su. NVIDIA CEO Jensen Huang defended open-weight AI systems as being crucial to developing the nascent artificial intelligence industry. Huang's remarks came after a meeting with U.S. lawmakers in Washington as the government considers how to respond to a surprise breakthrough from the Chinese AI startup Moonshot. Here is Huang.
We need open weight for the American industry. We need open weights for security. We need open weights for safety. And it's really important for the vibrancy of the whole industry.
That is Nvidia CEO Jensen Huang. Now, Axios is reporting that Huang also met with Commerce Secretary Howard Lutnick as the Trump administration investigates potential violations involving sales of Nvidia chips to China.
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:00–2:55
2
How did US and allied forces intercept missiles and drones in the latest Iran strike reports?
2:55–5:27
3
What details emerged about US and Saudi strikes on Iran-backed militia weapon sites in Iraq?
5:27–6:02
4
What meetings did President Trump hold with Netanyahu and Zelensky and what were the outcomes?
6:02–7:26
Speakers
7 identifiedMore from Bloomberg News Now
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