American's Hurt in Iran Attack, No Ceasefire Decision, More
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Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.
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News when you want it with Bloomberg News Now. I'm Dan Schwartzman. Several Americans were hurt in a missile attack on a Kuwaiti airbase. An Iranian ballistic missile strike on the airbase caused minor injuries to several Americans and seriously damaged two MQ-9 Reaper strike drones. That's according to a person with direct knowledge of the attack. Meanwhile, a White House meeting to discuss extending a ceasefire with Iran ended without conclusion despite President Trump's earlier suggestion that an agreement was near. Bloomberg's Wendy Benjaminson has more from Washington.
We haven't heard anything yet, although we are expecting that we will hear from him this morning, particularly about the injury to a handful of American troops at a U.S. base in Kuwait, that given the fact that he apparently wasn't ready to sign this agreements after the discussion in the Situation Room. I don't think this event will push him any closer toward being willing to sign an agreement with Iran.
That's Bloomberg's Wendy Benjaminson on Bloomberg this weekend. A White House official said Trump will only make a deal that satisfies his red lines, including Iran ending its nuclear program and reopening the Strait of Hormuz. A top American military officer held an unusual meeting with Cuban commanders at Guantanamo Bay as the Trump administration continues a virtual blockade of the island nation and demands drastic reforms. Military officials did not elaborate on the visit, but reportedly conducted security assessments of the naval base and discussed force protection, safety of service members and their families, and operational readiness with base officials. Anthropic updated its warnings about secondary markets for its shares, cutting the number of unauthorized platforms by half after its initial notice caused panic among investors and pushback from the companies it named.
The four firms are Opendoor Partners, Unicorns Exchange, Pachamama, and Upmarket. Anthropic's blog originally flagged eight firms as unauthorized to buy or sell the company's shares in violation of its transfer restrictions. The Trump administration says it plans to appeal a judge's authority to order across-the-board refunds of all tariffs ruled illegal by the Supreme Court. U.S. Customs and Border Protection launched a refund portal in April to pay back most of the $166 billion in tariffs, but the system didn't allow all importers to recover duties. Officials had suggested the government only needed to refund importers who sued. Ship owners are increasingly optimistic about a pickup in traffic through the Strait of Hormuz after more vessels left the waterway this week.
Some ships that have crossed belong to companies that haven't moved since the war started four months ago. The movement has the potential to boost the flow of everything from oil and gas to consumer goods. American military forces have advised ships on how best to navigate the waterway. That's according to at least two ship owners who asked not to be identified discussing sensitive information.
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