Bloomberg Money Minute: US-China Trade, Amex Card, OpenAI, Meta Parental Controls

US-China Trade Relations

• 📈 Investors are closely monitoring the US-China trade war as the November deadline for the current trade truce approaches.
• 🤝 Treasury Secretary Scott Bessen is scheduled to speak with China's vice premier tonight, with a potential meeting in Malaysia next week.

American Express Card Launch

• 💳 American Express has seen a significant increase in signups for its refreshed platinum credit card, with initial signups doubling compared to the previous version.

OpenAI's Deepfake Video Policy

• 🚫 OpenAI has paused user-generated deepfake videos of Martin Luther King Jr. in its text-to-video tool Sora, citing that such content is disrespectful.
• 🗣️ OpenAI explained that public figures should have control over the use of their likenesses, especially when free speech interests are involved.

Meta's Parental Controls

• 🔒 Meta is introducing new parental controls on Instagram and Facebook to restrict children's access to one-on-one chats with characters.
• 🎛️ The update also allows parents to block all interactions with specific characters.