Today, reaction to President Trump's tariff threats on Canadian goods. Bloomberg's Tariff Tsar Brendan Murray talks the obscure 1930 law Trump is invoking, and the legal fight the Administration likely faces ahead. Then, Bloomberg Economics Chief Geoeconomics Analyst Jennifer Welch has the latest on growing international concerns from US allies about the global costs of the war with Iran and conflict in the Strait of Hormuz. Plus, Charles Schwab CEO Rick Wurster sits down with Carol Massar and Tim Stenovec after the company reported better than expected Q2 earnings, including a new record for daily average revenue trades. Finally, Cytokinetics President & CEO Robert Blum talks America's declining investment in biotech, as China and other nations expand focus. Chapters: 00:00:00 - Businessweek Daily Begins 00:02:30 - Business Flash 00:04:35 - Bloomberg News' Brendan Murray on Trump Vowing 50% Tariffs on Canadian Goods 00:12:29 - Bloomberg News' Jennifer Welch on US-Iran Strikes Extending to 10th Day 00:19:03 - Business Flash 00:20:47 - Rick Wurster, Charles Schwab CEO 00:32:37 - Business Flash 00:34:36 - Robert Blum, Cytokinetics CEO 00:42:50 - Bloomberg News' Norah Mulinda -------- Get more on the Bloomberg Businessweek Podcast On Apple: http://bit.ly/3IPl60i On Spotify: http://bit.ly/3WGFd6B Anywhere: http://bit.ly/42xo9kZ Follow us on X: https://twitter.com/BloombergRadio Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake