Dan Schwartzman

It may be a long shot, though, as the U.S.

Supreme Court intervenes only on issues of federal law.

And the Supreme Court is leaving women's access to a widely used abortion pill untouched until at least Thursday, while the justices consider whether to allow restrictions on the drug.

In earnings news, HIMS and HERS Health reported a first quarter loss in sales that missed Wall Street estimates amid increasing competition in the weight loss drug market.

The results come as the company moves away from the copycat versions of weight loss medications that help fuel its growth, instead prioritizing partnerships with brand name products.

And 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.

The ceasefire between the U.S.

and Iran is on, quote, life support after President Trump rejected Tehran's latest peace offer.

We're told Iran responded to the U.S.

peace proposal by demanding a lifting of Washington's naval blockade and sanctions relief while maintaining control over traffic through the Strait of Hormuz.

Trump did not indicate whether the U.S.

would resume military attacks on Iran, as he previously has threatened if the Islamic Republic's leadership didn't agree to his terms.

Iran says it has deployed small submarines to act as a, quote, invisible guardian of the Strait of Hormuz amid rejected peace deals with the U.S.,

The submarines, known as Ghadir-class midget subs, are noisy and have maintenance issues, and their crews have limited experience.

Iran's decision to deploy the submarines came as President Trump told Fox News he was considering a revival of a plan to use the U.S.

military to escort ships.

The United Arab Emirates has carried out military strikes on Iran.