Charlie Pellett

Powell will remain on the Fed's board of governors.

His term as a governor doesn't expire until January of 2028.

Vice President Mike Pence is slamming the Justice Department's new, quote, anti-weaponization fund as deeply offensive.

And with that story, here's Bloomberg's Monica Ricks.

Berkshire Hathaway will acquire Taylor Morrison Home Corp in a cash deal worth around $6.8 billion.

The offer of $72.50 a share represents a 24% premium to the homebuilder's latest closing price on Friday.

That deal is expected to close in the second half of the year.

Number one at the box office this week was back rooms.

Look, I know how this sounds, but you've got to understand it's massive in there.

I'm going to come back here with proof.

Backrooms debuted to 81.4 million at the U.S.

and Canada box office, setting a record for independent distributor A24.

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

I'm Charlie Pellett and this is Bloomberg.

Hi, I'm Tom Keen, inviting you to join me for the Bloomberg Surveillance Podcast.

It's about making you smarter every business day.

News when you want it with Bloomberg News Now.

I'm Charlie Pellett.

Crude oil is moving higher with Brent crude back over $93 a barrel as the U.S.

and Iran traded messages over the weekend seeking changes to a draft agreement that would extend a ceasefire and open the Strait of Hormuz.