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Kentucky Senator Mitch McConnell, who has been absent from the Senate since a June fall at his home, has been released from a rehabilitation center to continue his recovery at home. Listen to that and the latest stories from Bloomberg News Now.

McConnell Home from Rehab, Hormuz Deal Bans US, Israeli Ships - BloombergBloomberg News Now is a comprehensive audio report of today's top stories. Hear the latest news, updated throughout the day, covering global business stories in just a few minutes.bloom.bg

AI data centers are costing billions to build, but their volatile appetite for power is damaging critical equipment bloom.bg/4btxH7N

Just days after his hedge fund was on the brink of collapse, Leopold Aschenbrenner has made a $400 million return to the investing scene, sources say. See what it reveals about his strategy to pick up the pieces of Situational Awareness: bloom.bg/45HI6cx 📷: Josh Edelson

President William Ruto needs to secure buy-in for his grand plans to turn Kenya into a developed economy within three decades

Ruto’s Future Hinges on a 30-Year Dream to Reshape KenyaKenyan president targets developed-nation status.bloom.bg

Here’s the latest news and analysis on the oil market.

Oil Holds Three-Day Drop as Iran, Oman Reach Hormuz AgreementOil switched between modest gains and losses after Iran said it reached an agreement with Oman on a proposed shipping route through the Strait of Hormuz, leaving traders to assess the prospects for eased energy flows.bloom.bg

Trump's trade war has put the small Indonesian island of Batam, off the coast of Singapore, on the global factory map

Trump Trade War Puts Indonesia’s Batam on Global Factory MapThe island is now home to a huge Apple facility and movie studio.bloom.bg

President William Ruto needs to secure buy-in for his grand plans to turn Kenya into a developed economy within three decades

Ruto’s Future Hinges on a 30-Year Dream to Reshape KenyaKenyan president targets developed-nation status.bloom.bg

Qdoba pulled jalapenos from its more than 800 locations and said it’s cooperating with US authorities investigating a salmonella outbreak that has sickened hundreds of people across the country

Qdoba Pulls Jalapenos as US Officials Probe Salmonella OutbreakQdoba Restaurant Corp. pulled jalapeños from its more than 800 locations amid a salmonella outbreak that has sickened hundreds of people across the US.bloom.bg

For decades, this Indonesian island in close proximity to Singapore barely registered with global investors. Now, it’s gaining traction as an emerging manufacturing hub thanks to US President Donald Trump. Read more: bloom.bg/4fFZ9ld 📷️: Muhammad Fadli/Bloomberg

Microsoft generates most of its artificial intelligence revenue from OpenAI, according to new disclosures from the company.

Microsoft’s AI Sales Mostly Come From OpenAI, Disclosures ShowMicrosoft Corp. generates most of its artificial intelligence revenue from OpenAI, according to new disclosures from the company.bloom.bg

Demis Hassabis, the head of Google DeepMind, is moving to a chairman role at Alphabet’s AI lab in a major reshuffle at the internet giant

Google AI Veterans Depart During Seismic Leadership ShiftAlphabet Inc.’s Google is losing some of its most prominent artificial intelligence veterans in a seismic overhaul that is casting doubt over leadership of a critical area of growth right as competition intensifies. Alphabet shares fell 4% on the news.bloom.bg

As the US and Japan join forces to support the yen, Treasury Secretary Scott Bessent wants the Federal Reserve to expand an obscure lending program. Here's what to know.

Why Bessent Wants a Bigger Fed Backstop to Support the YenOn the heels of one of the most dramatic currency‑market interventions in decades — a joint Japanese‑US effort beginning in late July to bolster the weakening yen — US Treasury Secretary Scott Bessent surprised financial markets by urging the Federal Reserve to expand an obscure lending program to aid Tokyo’s efforts to defend its currency.bloom.bg

Alphabet’s Google is losing some of its most prominent AI veterans in a seismic overhaul that is casting doubt over leadership of a critical area of growth right as competition intensifies. More here: bloom.bg/4wJ3rOU 📷: David Paul Morris/Bloomberg

EBay reported second-quarter sales and profit that beat expectations, boosting confidence that its purchase of used clothing marketplace Depop strengthens its position against upstart Vinted

EBay Reports Second-Quarter Sales, Profit That Beat ExpectationsEBay Inc. reported a solid second quarter but said its purchase price for second-hand clothing marketplace Depop was $200 million more than initially announced, which could weigh on earnings in the current period.bloom.bg

Qantas Airways international pilots voted in favor of potential strikes as part of years-long negotiations over pay and conditions

Qantas Pilots Approve Potential Strikes as Pay Talks ContinueQantas Airways Ltd. international pilots voted in favor of potential strikes as part of years-long negotiations over pay and conditions.bloom.bg

Meta said one of its AI models accessed the internet and hacked into an outside service’s systems during cybersecurity testing, following similar breaches by OpenAI and Anthropic models

Meta AI Model Accessed Internet, Hacked Outside Firm in TestingMeta Platforms Inc. said one of its artificial intelligence models accessed the internet and hacked into an outside service’s systems during cybersecurity testing, following other recent incidents across the AI industry that have escalated concerns about companies’ control over their technology.bloom.bg

Meta apologized to Indian officials for temporarily restricting a Facebook post of Prime Minister Narendra Modi, seeking to assuage the government’s concerns in a key growth market

Meta Apologizes to Indian Officials Over Removal of Modi’s VideoMeta Platforms Inc. apologized to Indian officials for temporarily restricting a Facebook post of Prime Minister Narendra Modi, seeking to assuage the government’s concerns in a key growth market.bloom.bg

Expats are returning to Hong Kong by the thousands, pushing up rents and creating a squeeze for spots at top schools. More here: bloom.bg/45buaaF 📷: Paul Yeung/Bloomberg

President Donald Trump accused Michigan Democrat Abdul El-Sayed of being a “communist” who “hates” Jews and Israel, taking aim at the candidate running in one of the country’s highest-profile US Senate races

Trump Calls El-Sayed a ‘Man of Hate’ After Michigan Primary WinPresident Donald Trump accused Michigan Democrat Abdul El-Sayed of being a “communist” who “hates” Jews and Israel, taking aim at the candidate running in one of the country’s highest-profile US Senate races.bloom.bg

As US gasoline prices linger above $4 a gallon, President Donald Trump is starting to sound like Joe Biden in his criticism of Big Oil’s profits, writes Kevin Crowley

Trump Borrows From Biden Playbook With Attack on High Gas PricesPresident’s criticisms of Big Oil echo the strategy used by his predecessor.bloom.bg