Amy Morris

The S&P 500 is 0.3% higher.

NASDAQ 0.3% higher.

The Dow 0.2% higher.

The 10-year Treasury yield at 4.4% and the two-year yield at 3.93%.

The Trump administration is opening the way to import more steaks and ground beef from overseas.

The Wall Street Journal reports the administration plans to temporarily reduce tariffs on beef imports as soon as today and that the White House will direct the Small Business Administration to increase loans and access to capital for U.S.

ranchers while reducing protections for gray and Mexican wolves.

Ground beef prices are up 40 percent from five years ago.

FDA Commissioner Marty McCary may soon be ousted from his role.

Senior Pharmaceutical Analyst Sam Pizzelli with Bloomberg Intelligence says McCary's potential removal follows months of turbulence at the FDA.

Bloomberg's Sam Fazelli on Bloomberg Intelligence.

UK Prime Minister Keir Starmer says he will not abandon the responsibility of leading that country as he battled to save his premiership in a make-or-break speech.

Starmer's speech appeared to do little to subdue the rebellion's brewing within his own party, with Labour MPs saying they just didn't see the Prime Minister's performance as improving his chances.

That's news when you want it with Bloomberg News Now.

I'm Amy Morris and this is Bloomberg.

A new chapter in global growth is being written and much of it is happening in Africa.

I'm Jennifer Zabasaja.

Every week on the Next Africa podcast, we track capital flows and political shifts shaping the continent's future.

Listen to Next Africa on Apple, Spotify or wherever you get your podcasts.

News when you want it with Bloomberg News Now.