Weekly Washington Policy Pulse: Iran Update, Prediction Markets, AI (March 23, 2026)

An update of reports that the US and Iran are engaged in indirect negotiations over the conflict -- as well as the outlook for a potential $200 billion supplemental defense package -- led Bloomberg Intelligence's Washington Policy Pulse on March 23. While a defense package would benefit contractors like Lockheed Martin, we expect Congress to slow walk any ask. We also discussed forthcoming legislation seeking to ban prediction markets, as well as the Fed's recent Basel III endgame rule, which we expect will lower capital requirements for banks like JPMorgan and Bank of America. Finally, we reviewed the White House's policy framework on artificial intelligence.The Bloomberg Intelligence Financial Policy weekly call is designed to provide investors an opportunity to learn about the most recent relevant policy research, information regarding forthcoming political catalysts and other on-goings within Washington DC. The call is open to all and is held every Monday at 10:00 a.m. EST. You can register for the call here: https://bloomberg.zoom.us/webinar/register/WN__PqCkwY-S2m3hbQqvVC1_Q#/registrationSee omnystudio.com/listener for privacy information.