Trump Says Pharma Companies Commit To Lowering Prices | Balance of Power 08/31/2026

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Rep. Tim Moore (R-NC) says the votes are there to pass a continuing resolution that would keep the government open through mid-December. Rebecca Patterson, Senior Fellow at CFR and former Chief Investment Strategist for Bridgewater Associates, lays out four ways to bring down long-term bond yields: open the Strait of Hormuz, address the fiscal deficit, Treasury intervention, or an economic slowdown that no one wants. Dan Brouillette, former Energy Secretary during President Trump's first term, says additional Venezuelan oil will not lower US gas prices in the near term, arguing that the US needs more refining and pipeline capacity. Chapters: 00:02:05 Bloomberg's Mica Soellner on Trump Weighs More US Strikes on Iran 00:04:20 Rep. Tim Moore (R-NC) on Government Funding and Shutdown Risk 00:05:16 Rep. Tim Moore (R-NC) on US Debt and Federal Spending 00:08:28 Rep. Tim Moore (R-NC) on Russia Sanctions, Ukraine, and NATO 00:11:08 Rep. Tim Moore (R-NC) on AI Data Centers and Energy Demand 00:14:35 Power Moves: Top Financial Moves 00:17:27 Rebecca Patterson, Senior Fellow at CFR and Former Chief Investment Strategist for Bridgewater Associates, on Rising Bond Yields 00:20:43 Rebecca Patterson on AI Infrastructure Competes for Capital 00:22:32 Rebecca Patterson on the US Fiscal Outlook and Social Security 00:25:12 Dan Brouillette, Former Energy Secretary During President Trump's First Term, on Venezuela Oil Deal 00:26:11 Dan Brouillette on Refining Bottlenecks and the Impact on Gas Prices 00:27:49 Dan Brouillette on Questions Over Investment in Venezuela's Oil Industry 00:31:05 Dan Brouillette on Strait of Hormuz Security and Oil Shipping 00:34:41 Bloomberg's Bill Faries on Midterm Campaign Heats Up in Michigan & Massachusetts Senate Primary Takes Shape 00:37:32 Political Panel Reacts: Michigan and Midterm Turnout, Trump Administration's Drug-Pricing Push, Army Secretary Dan Driscoll Resigns -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts