Amy Morris

During a separate event in the Oval Office, the president asked Agriculture Secretary Brooke Rollins about beef prices.

We're working on it.

In February, the administration allowed more beef imports from Argentina to try to bring down those prices.

The White House is reportedly considering removing current FDA Commissioner Marty McCary and naming FDA Deputy Commissioner Kyle Diamantes as acting commissioner.

Senior Pharmaceutical Analyst Sam Fazelli 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 would contest any leadership challenge as he battled to save his premiership in a speech earlier today.

Starmer hinted at a policy offering to turn his party's fortunes around, vowing to rebuild the UK's relationship with Europe.

He also said he would legislate to take full ownership of British steel.

Former Minister Catherine West withdrew her threat to force an immediate leadership contest, but said she would still push for a timetable for Starmer's exit.

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

I'm Amy Morris and this is Bloomberg.

News when you want it with Bloomberg News Now.

I'm Amy Morris.

The ceasefire between the U.S.

and Iran is on massive life support after President Trump rejected Tehran's latest peace offer.

Iran has demanded a lifting of Washington's naval blockade and sanctions relief while maintaining control over traffic through Hormuz in response to the U.S.

peace proposal.

Bloomberg reporter Dan Williams is based in Jerusalem.

Bloomberg reporter Dan Williams on Bloomberg Intelligence.