Erika Herskowitz

And Brent crude is trading at $92 a barrel, down one and three-quarters percent.

Attorney General Pam Bondi is refusing to answer questions about Donald Trump's involvement in the release of case files on Jeffrey Epstein during a closed-door hearing with House lawmakers today.

Bondi cited her ability to decline questions because she agreed to appear before the committee voluntarily.

Lawmakers are trying to find out what decisions prosecutors have made about investigating Epstein associates and whether President Trump was involved in the process of releasing the Epstein case files.

Before the hearing, Chairman of the House Oversight Committee, James Comer, told reporters his goal is to hold people accountable and try to understand how the government failed.

Chairman of the House Oversight Committee, James Comer, the session is being held behind closed doors.

A federal judge in Virginia temporarily barred the Trump administration from acting on claims for payouts from the $1.8 billion anti-weaponization fund.

while she weighs a longer-term block as legal challenges continue.

The judge issued the order to ensure that no funds are irreversibly dispersed from the fund, which is part of an agreement to resolve a lawsuit brought by President Trump.

A hearing is set for June 12th to consider the request to stop officials from operating the fund while the litigation is pending, with the U.S.

Treasury Department set to transfer the full amount of the fund in mid-July.

Dell Technology shares are soaring 28% after the hardware maker gave an outlook for annual sales that far surpassed analysts' estimates, fueled by demand for servers that powered artificial intelligence work.

Dell CFO David Kennedy was a guest on Bloomberg Television.

Dell CFO David Kennedy, a guest on Bloomberg TV.

Gap is down nearly 17 percent.

Shares plunging after the apparel retailer lowered its sales outlook.

The latest setback for the company that has struggled with its product mix as it tries to win back shoppers.

We get more from Bloomberg's Charlie Pellett.

UBS Group has eliminated several hundred positions across its operations in Europe, the Middle East and Africa, marking the latest wave of reductions tied to the acquisition of Credit Suisse three years ago.

And Anthropix's latest funding round has added the company's seven founders to the ranks of the world's 500 richest people, the most from one company to be added in a single day in Bloomberg Billionaires Index history.