Caroline Hepker

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

The US is doubling down on its support for the populist leader as the country prepares for elections next month.

Speaking in Budapest, Rubio said that President Trump would provide assistance to Hungary if it ever ran into financial trouble.

He said the two countries are entering a golden era of relations.

Secretary of State Marco Rubio there.

After President Trump gave his personal endorsement of Orban this month, despite the Prime Minister's party trailing in the opinion polls ahead of the vote on the 12th of April.

Bloomberg has learned 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 secret $100 million contest to build voice-activated drones.

SpaceX and XAI didn't respond to requests for comment.

The news comes as Anthropix talks about extending a contract with the Pentagon are being held up.

But Newbeck understands that the business wants guardrails that prevent Claude from being used to develop weapons or to spy on Americans.

Now, the executive chairman of Hyatt Hotels, Tom Pritzker, says that he is retiring from his position at the company and won't stand for re-election to its board.

Pritzker cited an association with the disgraced financier Jeffrey Epstein and Ghislaine Maxwell.

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.