Amy Morris

NASDAQ up 0.4%.

The Dow little changed on the upside.

10-year Treasury yield at 4.39%.

The two-year yield...

at 3.92%.

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% from five years ago.

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

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 will not abandon the responsibility of leading his 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 party, with Labour's MP saying they did not 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.

Republicans are using the budget reconciliation process to circumvent the 60-vote threshold in the Senate so they don't need Democratic votes to pass the measure.

The measure surges the cost of the ballroom by another $72 billion for immigration enforcement and border security.

Democrats may argue that that violates procedural safeguards.

The Senate parliamentarian, Elizabeth McDonough, may need to weigh in on whether the language is extraneous and non-budgetary.