Trump Welcomes Xi With AI Concerns at Forefront

• US 30-year bond yields hit highest since 2004, driven by inflation fears and government debt, leading to a 'buyer strike' in bond markets.
• US-China relations remain tense with fierce competition in AI, despite diplomatic overtures like President Trump welcoming President Xi.
• Mozilla's CFO discusses balancing business models with privacy and user control in AI, while other experts warn of AI's existential risks and the need for global governance.
• Starbucks announces closure of 250 underperforming locations, while PepsiCo raises prices on some products.

The Bloomberg Businessweek Daily discusses rising US bond yields to multi-decade highs, driven by inflation fears and government debt. Analysts debate whether this signifies a return to 'normal' higher interest rates or a temporary 'buyer strike.' The US-China relationship and AI's impact on business and geopolitics are also key topics, with concerns about AI's existential risks and the need for responsible development.