Bloomberg Daybreak: Europe Edition Fed's Cook Safe For Now, $500B Startup Record, AI’s Power Hunger
Oct 2, 2025
Stephen Chapchinski, a Bloomberg energy reporter, dives deep into the urgent turbine shortages affecting power generation due to skyrocketing AI-based electricity demands. He highlights the potential $400 billion risk to planned power plants and discusses how wealthier nations can pivot to renewables, while emerging economies might revert to coal. The conversation also touches on regional disparities in energy supply choices and the implications for gas-fired power plants as the backbone of reliability amid growing data center needs.
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Fed Independence Gets Temporary Shield
- The Supreme Court blocked President Trump from immediately firing Fed Governor Lisa Cook while her case proceeds.
- That ruling lets Cook continue voting on interest-rate decisions and delays a final outcome until January.
OpenAI Share Sale Spurs Talent Retention
- OpenAI completed an employee share sale valuing the company at a record $500 billion.
- The sale helps retain top AI engineers amid fierce competition for talent.
Theatre Economics: Broadway vs West End
- Alison Schrager's piece notes none of last year's 18 Broadway shows turned a profit so far.
- She contrasts Broadway's costly, risk-averse model with London's West End, where smaller theatres allow more experimentation.