Dan Schwartzman

President Trump praising Palantir technology in a post on Truth Social, saying it has, quote, proven to have great warfighting capabilities and equipment.

Just ask the enemy.

Palantir shares pair their decline to about two and a half percent.

After Trump's post, shares had been down as much as six percent.

Round two of the Masters ongoing at Augusta National.

Defending champion Rory McIlroy and Tyrell Hatton are atop the leaderboard at five under.

Wyndham Clark, Justin Rose, Sam Burns and Patrick Reed are right behind at four under.

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

I'm Dan Schwartzman and this is Bloomberg.

News when you want it with Bloomberg News Now.

I'm Dan Schwartzman.

Shipping through the Strait of Hormuz remains curtailed, with transits over the past 24 hours consisting almost exclusively of ships linked to Iran.

Several supertankers moved toward the waterway but have yet to make the crossing out of the Persian Gulf, despite a U.S.

and Iran ceasefire taking effect this week.

The U.S.

has said the truce is conditional on Iran unblocking Hormuz.

Since Thursday morning, just nine ships have been observed passing through the strait, with five heading out of the Gulf and four going in the opposite direction.

Ahead of the Pakistan talks, President Trump is making new threats over the Strait of Hormuz.

Bloomberg's Tyler Kendall has more on that from Washington.

That's Bloomberg's Tyler Kendall.