Stephen Carroll

In his State of the Union address, President Trump claimed Iran was working to reconstitute its nuclear program even as it negotiates with Washington.

And I'm Stephen Carroll.

And this is Bloomberg.

And I'm Stephen Carroll.

Cuban forces say they have killed a number of people who have opened fire from an American-registered speedboat.

The country's Interior Ministry said the vessel, which had 10 people on board, approached the Cuban coast.

Four were killed in the confrontation, while six others were injured and are now understood to be in custody.

Cuban authorities claim that the occupants were armed and intended to enter the country to fight against the government.

U.S.

Secretary of State Marco Rubio said officials are looking into the incident.

Marco Rubio speaking there as the episode threatens to escalate an already tense standoff between the U.S.

and Cuba.

And WPP has announced plans to cut annual costs by half a billion pounds by 2028 as part of sweeping restructuring aimed at strengthening its AI capabilities.

The move comes as the British-based advertising giant reported full year earnings that fell short of estimates.

The company is also slashing its 2025 dividend by 62% to 15 pence per share, down from 39.4 pence in 2024 onwards.

Once the world's largest advertising agency, WPP has seen its share price fall over 65% over the past year as it struggles with the loss of several major clients.

WPP shares opening up 2% in London.

US and Iranian officials are meeting in Geneva today for the latest round of nuclear talks.

Ahead of those discussions, the US government imposed sanctions on more than 30 entities that support Iranian oil and weapons sales.

Republican Senator Steve Davies says Iran's leadership presents a threat.