Bloomberg News

Welcome to Bloomberg’s new Banking Industry Monitor, bringing to you the top news on the global banking industry with emerging trends, winners and losers and market opportunities. Sign up: bloom.bg/4e65HY2 From the first edition: The war for talent and coping with regulators were recurring themes this week, along with signs that the drought in deal-making is still a drag on profits. Read more: bloom.bg/3HwT1NE

On today’s Big Take podcast, Bloomberg’s Benedikt Kammel joins host Sarah Holder on what the crash of Boeing’s marquee 787 Dreamliner means for the company and the commercial aviation industry at large bit.ly/3FSISKD

US Senator Alex Padilla of California was forcibly removed from a press conference and handcuffed as he tried to confront Homeland Security Secretary Kristi Noem while she briefed reporters on a federal immigration crackdown in Los Angeles https://bloom.bg/4dX6IBq

US Senator Alex Padilla of California was forcibly removed from a press conference and handcuffed as he tried to confront Homeland Security Secretary Kristi Noem while she briefed reporters on a federal immigration crackdown in Los Angeles https://bloom.bg/4dX6IBq

President Donald Trump reiterated Thursday he did not plan to fire Federal Reserve Chair Jerome Powell, days after saying he would “soon” pick his nominee to lead the central bank next.

Canadian Prime Minister Mark Carney said he hopes to secure a commercial and security agreement soon with US President Donald Trump, though he tamped down expectations that a deal will be ready in time for the Group of Seven summit in a few days.

New York has quietly become the first state to ask companies to disclose when artificial intelligence plays a role in mass layoffs. The change is minor: a small checkbox added to a required WARN notice. But symbolically, it’s a big step. The update took effect in March, as part of Governor Kathy Hochul’s broader strategy for AI oversight. Companies must now indicate if “technological innovation or automation” contributed to the job cuts — and if so, name the tech, like AI or robotics. Legal experts say this kind of soft measure often paves the way for more serious regulation down the line, like requiring companies to pay to retrain workers they replace with AI. So far, no companies have blamed AI on their WARN forms. Experts caution, however, that reputational risk may lead to underreporting. New York’s measure could be a model for other states. Especially if, as some fear, the coming wave of AI disruption isn’t just hype. Link in the comments! #AI #FutureOfWork #LaborPolicy #MassLayoffs #AIlayoffs #TechRegulation

President Donald Trump conceded that his immigration crackdown was hurting US businesses and said policy changes will be made to address worker shortages.

Trade officials from India and the US have hardened their stance on some key issues as they race to conclude an interim deal before higher US tariffs take effect in July, people familiar with the matter said.

Live Q&A: Can Europe's Tech Startups Take On the US and China?