Caroline Hepker

In a statement, he said he, quote, "...exercise terrible judgment in maintaining contact with them and feels deep sorrow for the pain they inflicted on their victims."

Hyatt named its president and CEO, Mark Hoplamazian, to succeed Pritzker as chairman, effective immediately.

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

I'm Caroline Hepker.

And I'm Caroline Hepker.

Expectations are low for any breakthrough on discussions to end the war in Ukraine in Geneva.

Western officials and analysts say that President Vladimir Putin believes time is on his side and support for Ukraine will peter out.

The spokesperson for President Putin, Dmitry Peskov, says that Russia is taking the talk seriously.

Dmitry Peskov there speaking via a translator.

Russia has for months repeatedly struck Ukrainian cities, leaving hundreds of thousands of people without power in a bid to bring the country to its knees.

But Bloomberg analysis suggests that the war's human and economic cost to Russia is stark.

Both sides say that any potential progress today would need to be agreed by their leaders before it was accepted.

Bloomberg has learnt that Elon Musk's SpaceX is competing in a US military contest to produce autonomous drones.

The company and its subsidiary, XAI, are hoping to break into the weapons sector by winning a secretive $100 million contest to build voice-activated drones.

The news comes as Anthropix talks about extending a contract with the Pentagon.

are being held up.

Bloomberg understands the company wants guardrails that prevent Claude from being used to develop weapons or spy on Americans being removed.

U.S.

Secretary of State Marco Rubio has praised Hungarian Prime Minister Viktor Orban during a visit to Budapest.

The U.S.