Bloomberg Businessweek 29th Annual Milken Institute Global Conference Special: Day One
6 snips
May 4, 2026 
Senator Angela Alsobrooks, Maryland senator focused on housing, banking and crypto consumer protections. Bill Ackman, activist investor and Pershing Square CEO, on firm structure, UMG strategy and markets. Ian Bremmer, geopolitical analyst and Eurasia Group founder, on Iran, Gulf realignment and China’s role. Short, punchy conversations about geopolitics, market structure and economic opportunity.
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Deals Take Months Not Days To Restore Flows
- Even a negotiated deal would take months to implement because inspectors must be staged and funds transferred for compliance and verification.
- Bremmer warns markets shouldn't expect an immediate reopening of flows even after a 'yes' is reached.
The Gulf Will Fragment Into Competing Strategies
- The war is reshaping Gulf geopolitics: UAE aligns more openly with Israel while Saudi Arabia positions as long-term regional anchor.
- Bremmer predicts the Gulf lacks a singular strategy and the GCC may be unfit for purpose going forward.
Xi Summit Is Unlikely To Solve The Strait Crisis
- China won't be a simple fix for the Strait; Beijing will push its own commercial and political counters and can retaliate against US measures.
- Bremmer says a Trump-Xi summit is unlikely to produce a breakthrough on Iran's blockade.