Ed Kalecki

In good times, that debt can juice returns and make private credit funds more enticing.

In bad times, it risks exposing banks to losses.

Ed Kalecki, Bloomberg Radio.

News when you want it with Bloomberg News Now.

I'm Ed Kalecki.

From the pages of Jules Verne to a modern day mission to the moon, a new chapter of the exploration of our celestial neighbour is complete.

Integrity's astronauts back on Earth.

And with that, welcome from Mission Control.

A NASA crew of four astronauts returned to Earth and splashed down in the Pacific off California Friday evening, capping the historic lunar return by the U.S.

The Lockheed Martin-built Orion crew capsule carrying the Artemis II crew took a fiery plunge through the planet's atmosphere before touching down under parachutes into the much cooler waters of the Pacific Ocean.

This is Lori Leshin, University Professor of Space Futures at Arizona State University.

And Bloomberg space reporter Lauren Grush.

And Lauren Grush says this mission was a dress rehearsal.

NASA says the crew are all fine.

President Trump ramped up pressure on Iran as Vice President Vance traveled to Pakistan for talks to end the war, with Israeli airstrikes in Lebanon and the Strait of Hormuz's effective closure looming over diplomatic efforts.

Trump posted on social media Friday that Tehran's only leverage is short-term extortion of the world.

by using international waterways, a reference to Hormuz, a critical shipping lane for oil and natural gas that remains largely shut, raising global energy prices.

Trump declared that the Iranians don't seem to realize they have no cards.

Speaking to reporters at Joint Base Andrews on Friday, the president expressed confidence that the Strait of Hormuz would be reopened fairly soon.

The New York Times then reported that Iran has been unable to open the Strait of Hormuz to more shipping traffic because it cannot locate all of the mines it laid in the waterway and lacks the capability to remove them.