Karen Moscow

Tensions between the U.S.

and Iran remain high, with the two engaged in talks to avert American strikes on the Islamic Republic.

Israel may join in on any attack and be targeted by Iranian retaliation.

U.S.

and Iranian officials have agreed to resume nuclear talks next week in Vienna as the U.S.

continues to build up its military presence in the region.

Jennifer Welch is chief geoeconomics analyst for Bloomberg Economics.

And as Bloomberg economics analyst Jennifer Welch on Bloomberg surveillance, Iran has said it will not allow any of its highly enriched uranium to be moved out of the country, but U.S.

officials have signaled the country would have to send stocks of uranium to another nation or dilute them.

Pakistan declared, quote, open war with Afghanistan and a major escalation in fighting between the two countries.

This comes as both sides carried out cross-border strikes reaching as far as the Afghan capital and leaving at least dozens dead.

And again to the markets, the final stretch of a turbulent Wall Street month is ending with losses in stocks as that inflation data reinforced bets that the Federal Reserve will not cut rates anytime soon while geopolitical risks lift bonds as oil jumps and gold at top $5,200 an ounce.

The S&P 500 again down nine-tenths of a percent.

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

I'm Karen Moscow and this is Bloomberg.

news when you want it with bloomberg news now i'm karen moscow and we begin with some breaking news with open ai saying it has finalized a record-breaking 110 billion dollar funding round at a 730 billion dollar valuation not including the money raised

fueling the chat GPT makers' costly push to secure more computing power and talent for AI development.

Amazon.com is investing $50 billion in the financing round.

SoftBank Group and NVIDIA each invested $30 billion.

And we get more with Mandeep Singh of Bloomberg Intelligence.