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After two days of talks in Switzerland, trade negotiators for the US and China announced on Monday a major de-escalation in tariffs. You can follow Bloomberg News for developments as markets react. Meanwhile, over in Venice, the 2025 Architecture Biennale opened this weekend. Bloomberg Businessweek’s Europe editor David Rocks visited and gives his impression of a few highlights. Plus: In ICE towns, communities are convinced that financial survival depends on locking people up, and the CEO of Chomps talks about the popularity of meat sticks.

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Every two years, the world of architecture—from students to starchitects—descends on Venice for the Biennale. The 2025 edition opened this weekend with the likes of Norman Foster, Rem Koolhaas and Anne Lacaton on hand. Although the biggest themes are clearly designing for a warming world and creating a more circular construction economy to slow that warming, the 60-plus national pavilions and the vast central exhibition address topics from the microscopic to the extraterrestrial.

The Architecture Biennale runs through Nov. 23 and isn’t to be confused with the Art Biennale (which occupies the Venetian Giardini and the Arsenale in alternate years). I spent three days exploring the exhibition, and I’m sure I missed far more than I saw. (Bloomberg Philanthropies, the philanthropic organization of Bloomberg LP founder and majority owner Michael Bloomberg, is a sponsor of the Biennale.)

The US Pavilion. Photographer: Simone Padovani/Getty Images

Many of the exhibits seem as much art as architecture, which may be due to this year’s somewhat inscrutable theme: Intelligens. Natural. Artificial. Collective. The central exhibition, in the 1,000-foot-long hall where Venetian craftsmen once made rope, begins with a walk through an intensely hot and humid room, aimed at showing that the future of architecture lies not in “control over nature but in partnership with it as temperatures rise.” The exhibit, curated by Carlo Ratti, an Italian architect and professor at the Massachusetts Institute of Technology, includes hundreds of small installations showing, for instance, traditional, low-tech cooling techniques such as shading streets with strips of cloth in Spain. There are meditations on the growing role of artificial intelligence, with humanoid robots that dance, play a steel drum and chat (while I was there, a 5-year-old asked, “Do you like being a robot?” “It’s all I know,” came the response). At the far end, the focus turns to space, with a proposal for an orbiting greenhouse and the proposition that such initiatives might spur us to better appreciate Earth, which is infinitely more hospitable than anything beyond it.

In these tense times, of course, war and conflict play a central role in many of the national pavilions. Lebanon focuses on the “ecocide” the country has endured in generations of almost constant warfare. Poland points out that building is fundamentally about finding shelter from the elements but also offers a survey of technologies to stay safe from more human threats, such as fire extinguishers and bunkers. Ukraine’s exhibit is called “Dakh,” Ukrainian for “roof,” which is both the most fundamental form of shelter as well as the first thing hit in a war. The exhibit highlights how Ukrainians have retrieved structural elements from the rubble to create new homes. “We’re speaking about architecture without architects,” curator Bogdana Kosmina told me, “the local masters who transmit their knowledge of building.”

The Ukrainian Pavilion. Photographer: Simone Padovani/Getty Images

Several pavilions included sound installations; I highly recommend Luxembourg’s, where you can chill out to a rumbling rendering of various sounds that the authors say are aimed at counteracting “the hegemony of images.” Kosovo goes a step further in the dehegemonization of images, with an installation that envelops you in various smells from the country’s farmland. (It’s less gross than it sounds.)

The US focuses on the front porch—a feature that in the 19th and 20th centuries became one of the defining characteristics of American architecture. The curators have built a wooden “porch” in front of the 95-year-old pavilion building, to highlight it as transitional space from the public/street outside to the private/home inside. The idea is to offer a better understanding of this place where people “stop by, sit, converse and play music,” pavilion co-commissioner Susan Chin told me.

Some exhibits are difficult to make sense of, yet kind of cool. The Nordic countries’ pavilion, for instance, includes a graffiti-covered car with concrete pillars bashed through the hood and the rear windscreen. Um … what? Serbia features intricate textiles hanging from the ceiling that will be slowly unraveled over the next six months, returning to their original form of 125 balls of wool, to emphasize circularity and temporality. (So if you like weaving, it’s probably a good idea to visit sooner rather than later.)

If it’s all a little bit too much, you can always stop in at the Argentine Pavilion, which features a 100-foot-long pillow in a darkened room with ambient music superimposed on sounds of wind, waves, rainfall and birdcalls. “We wanted to offer a place for a siesta,” the attendant said as I puzzled over the exhibit’s meaning. “Just please take off your shoes.”

In Brief

Tension in Immigration Prison Towns

Photographer: Bianca Bagnarelli for Bloomberg Businessweek

The sun is still beating down on the scrubby New Mexico dirt when an army-green bus pulls into the parking lot of the Torrance County Detention Facility in the small town of Estancia. Behind barred windows, the silhouettes of dozens of men are just visible. Many of them have never been to New Mexico before. It’s March, and New Mexico is cooler, drier, browner than Florida, where they were this morning before being forced onto a plane, shackled at the wrists, waist and ankles, and flown here.

They’re in New Mexico because US Immigration and Customs Enforcement is running out of space. In the wake of President Donald Trump’s promise to pursue the biggest immigration crackdown in US history, men such as the ones on this bus are being targeted by ICE and local law enforcement in unprecedented ways. The detention facilities closer to home are overflowing. So ICE brings them here, to an ICE town.

John, who’s from the Tampa area, sits on the other side of those bars, watching the bus crawl closer to the sand-colored detention compound jutting out of the flat earth. His vision isn’t good right now; someone fell on him and broke his glasses while he was sleeping on the floor at an ICE facility in Miami. John, who asked to be identified by a pseudonym because he fears retaliation for talking to the press, was picked up at a regular check-in for a special program typically reserved for first-time offenders of nonviolent crimes. Now he’s almost 2,000 miles from home, from his grandmother, from his two dogs. He knew it was a bad sign when he overheard ICE officers talking about his impending transfer, but he didn’t know where he was going until the plane was ready for takeoff.

Over the next few weeks, John will spend sleepless nights shivering in his cell. He’ll join an impromptu Bible study with other guys in his unit and watch the younger ones share their coats with older men during recreation time. He’ll eat in a room with a floor covered in feces. He’ll ask, many times, for supplies to clean it up. He’ll see a nurse for his back and his vision and his climbing blood pressure. He’ll receive nothing but Tylenol. He’ll participate in a hunger strike. He’ll watch men drink water out of a trash can brought in when the facility’s water is shut off. And he’ll gradually start to long to be deported to El Salvador, a country he barely knows, where he hasn’t lived since he was a child. He’ll want this but won’t get it, because this is an ICE jail with hardly any ICE officers.

Keep reading from Rachel Adams-Heard, Polly Mosendz and Fola Akinnibi here: Trump’s Immigration Crackdown Hinges on Small Towns Hooked on Private Prisons

Americans Can’t Get Enough Meat Sticks

Chomps CEO Rashid Ali in Chicago. Photographer: Lucy Hewitt for Bloomberg Businessweek

The chief executive officer of Chomps—the wildly popular US meat snack brand—has been trying to cap his kids at two sticks a day. Rashid Ali, 44, set the same goal for himself, but it’s a hard promise to keep when your office is full of them. (Job postings at the snacking startup dangle benefits such as paid parental leave, unlimited time off and “enough meat sticks that if you wanted to eat your body weight in them you could.”) But while high-protein bites line the Chomps office in Chicago’s hip Fulton Market District—fittingly, the city’s historical meatpacking hub—most of its employees are conspicuously MIA. Why? Ali’s sales and strategy teams are spending three days at what he calls “Meat School,” a Chomps-designed course on meat-stick manufacturing at the University of Wisconsin at Madison, learning exactly why Chomps “is a very hard product to make.”

Understanding how the sausage is made will come in handy: The actual production of Chomps (not their distribution or marketing or anything else) is the company’s No. 1 priority in the next few years. It churns out 2 million of the individually wrapped sticks a day on average, but that’s not even close to fulfilling the demand from US consumers currently obsessed with on-the-go protein. Chomps can fill only about 84% of orders; it’s been forced to delay shelf-stocking requests from many retailers, including convenience stores, which sell more than twice as many dried meat snacks as grocery stores, according to market researcher Circana LLC. Any plans to push into other geographic markets—or even an earlier idea to develop a high-fiber snack—are off the table too until it can get caught up.

Deena Shanker visits with Ali as part of the series A Walk With: Two Million Meat Sticks a Day Isn’t Enough for Chomps’ CEO

Promises Made

$100 billion 
That’s how much SoftBank founder Masayoshi Son promised in January to invest “immediately” in AI infrastructure in the US. More than three months later, SoftBank has yet to develop a project financing template or begin detailed discussions with banks, private equity investors and asset managers.

Road Trip Summer

“It didn’t feel like the right time to spend so much money. Especially when groceries and rent got more expensive as well.”
Kristin Herman
37-year-old who lives in Portland, Oregon
Herman is among the many Americans opting for road trips over transcontinental flights as the US economy wobbles. This Memorial Day weekend, 39.4 million people are expected to drive, up 3.1% from last year.

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