Dan Schwartzman

Court of International Trade panel found that President Trump's use of Section 122 of the Trade Act of 1974 to impose the tariffs was invalid, although the court only immediately blocked enforcement for two companies that sued, along with Washington state.

The government's appeal of that decision is pending before the U.S.

Court of Appeals for the Federal Circuit.

with the administration poised to make an emergency request to the Supreme Court if necessary.

Virginia has asked the Supreme Court to restore its voting map, which was voided last week by the Virginia Supreme Court.

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.

Yes, labels on those are not awesome.

News when you want it with Bloomberg News Now.

I'm Dan Schwartzman.

President Donald Trump labeled Iran's latest response to his proposal to end the 10 week conflict with the U.S.

as, quote, totally unacceptable as a two side struggle to maintain a fragile ceasefire.

Iran offered to transfer some of its stockpile of highly enriched uranium to a third country.

but did reject the idea of dismantling its nuclear facilities, the Wall Street Journal reported earlier.

Iran, though, disputed the report, according to Iran's semi-official news agency Tasnim.