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President Donald Trump said he would set levies on semiconductors in the coming two weeks, the latest indication he’s readying a substantial expansion of his tariff regime.

As the American economy wobbles under the weight of tariffs, the business world takes comfort in the stewardship of Scott Bessent. Brad Stone shares what to expect from the September issue of Businessweek, which features a lengthy conversation with the US Secretary of the Treasury bloom.bg/4mi7FaR

🎙️ LISTEN: Nvidia and AMD have found themselves caught in the middle of a US-China chips showdown. What do we know so far and what’s next as both countries race toward AI supremacy? Bloomberg reporters discuss here ⤵️

Vladimir Putin’s meeting today in Alaska with Donald Trump hands the Russian president his best chance to reset relations with Washington since he ordered the 2022 full-scale invasion of Ukraine.

Facing a crippling dollar shortage, Bolivia’s central bank is turning to gold — buying local supply and flipping it abroad to pay debt and import fuel, even as miners warn of lax oversight and environmental threats. Read more: https://bloom.bg/3V05OeL 📷: Marcelo Pérez del Carpio

DEEP DIVE: While Meta is investing billions in improving and accelerating the development of artificial intelligence, the most comprehensive showcase of its efforts — the Meta AI app — is an under-personalized and inconsistent experience, showing how far the company has to go in order to meet or exceed what rivals already offer. With Samantha Murphy Kelly Dana Wollman Gift link here: https://lnkd.in/ey2Whrt3

Donald Trump and Vladimir Putin will measure success at their summit in Alaska very differently, even as both leaders are already looking toward a second meeting

Is sports betting ruining games https://lnkd.in/eV8npKKb Randall Williams joins Max Chafkin and Stacey Vanek Smith on the Everybody's Business podcast to discuss the booming business of prop bets.

"The game's in great shape." Gary Neville pushes back against criticism of foreign investment in English football, describing US investors as "some pretty smart people." bloom.bg/41DH4fZ