Head of U.S. Public Policy Strategy Ariana Salvatore and U.S. Thematic Strategist Michelle Weaver, alongside Senior Economist and Strategist in Morgan Stanley’s Private Wealth Management Sarah Wolfe, examine the economics of the AI data center boom, the pushback and the policy implications. Tune into the latest Thoughts on the Market.

Our U.S. Public Policy Strategist Ariana Salvatore joins our Deputy Global Head of Research Michael Zezas to consider the consumer outlook and how it may impact the November midterm elections.

Ariana Salvatore, Head of U.S. Public Policy Strategy at Morgan Stanley joined Bloomberg Surveillance to discuss the potential impact of Michigan's progressive primary win on the 2026 electoral map, and the role the U.S. economy is likely to play in the midterm elections.

Recent polls show that a majority (or near-majority) of Californians think the state is headed in the wrong direction rather than the right one. The most recent detailed data comes from the Public Policy Institute of California (PPIC) Statewide Survey conducted May 14–18, 2026: • Among adults, about 42% said things in California are generally going in the right direction, while 57% said the wrong direction (with ~1% don’t know Among likely voters, roughly half (52%) said wrong direction The question becomes what should we do about it? Im tired of the Republicans losing elections in California why most Californians agree its not working What should we do differently this cycle coming at us rapidly?

AI is about more than models. Ariana Salvatore, Head of Public Policy Research at Morgan Stanley, explains why control of the AI stack is becoming a strategic priority. Listen to more on Thoughts on the Market.

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Trade policy is once again in the news with the announcement of new tariffs. Our Head of Public Policy Research Ariana Salvatore digs into why tariffs may not be a disruptive factor for markets this time. Tune into the latest Thoughts on the Market.

FM Speaker Highlight: Henry Lin Henry Lin is an Attorney at Lin & Partners Attorneys-at-Law and Honorary Chairman of the Bitcoin and Virtual Asset Development Association, specializing in blockchain, virtual assets, and emerging technology law. He is widely recognized as one of Taiwan's few legal professionals with sustained, in-depth involvement in virtual asset regulation and public policy advocacy. We can't wait to welcome him to the FM26 stage. FUTUREMODE 2026 📍 Taipei Expo Dome | Sep 4–6, 2026 🌐 🏟 Get Your FM26 Pass Local - International -

Want a front row seat to crypto policy in Washington? We’re hiring a Government Relations Operations Coordinator to help execute Capitol Hill briefings, member fly-ins, policymaker meetings, and advocacy efforts that advance clear rules for digital assets. This is a great role for an organized, detail-oriented early-career professional looking to build a career at the intersection of crypto and public policy. Apply here:

Yesterday, I was delighted to be invited to present inside Dáil Éireann as part of the Women’s Coalition on Immigration. The coalition has one simple request: publish crime data by nationality. This is not radical. It is standard practice in several European countries, including Denmark, Sweden and the Netherlands. Public policy should be based on evidence, not guesswork. This fits in with a wider demand for transparency from Govt, on housing lists, public funding etc.. We have already that this Govt is allergic to transparency when Benefacts, was forced to shut down after State support was withdrawn. A Government that withholds basic data cannot then lecture the public about “disinformation”. Transparency is not dangerous.. secrecy is.