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Bloomberg’s Caroline Hyde discusses the drop in media stocks following President Trump’s proposal to impose 100% tariffs on foreign-produced movies. Treasury Secretary Scott Bessent, speaking from the Milken Institute Global Conference, says the US must win the race to develop artificial intelligence as China closes the gap. Daniel Morgan, Senior Portfolio Manager at Synovus Trust, explains what's behind the market dip after a four-day rally. See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information. Bloomberg Technology is the only daily news program focused exclusively on technology, innovation and the future of business. Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts Listen to more of Bloomberg Technology: • Bloomberg Technology #Bloomberg #Podcast #Technology #Tech Visit us: https://www.bloomberg.com/podcasts Follow Bloomberg Podcasts on Twitter: / podcasts Visit our other YouTube channels: Bloomberg Television: / @markets Bloomberg Originals: / bloomberg Quicktake: / @bloombergquicktake For coverage on news, markets and more: http://www.bloomberg.com/video Bessent Says US Must Win on AI and Quantum; Hollywood Shaken by Tariff Threat