Tentative US-Iran Deal, Blue Origin Rocket Explodes, More

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Bloomberg News Now 9 min 10 speakers 2 chapters transcribed 3 months ago
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Stephen Carroll 0:00
Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.
Caroline Hepker 0:05
And I'm Caroline Hepke in London. We're the hosts of the Bloomberg Daybreak Europe podcast.
Stephen Carroll 0:10
We're up early every weekday, keeping an eye on what's happening across Europe and around the world.
Caroline Hepker 0:15
We do it early so the news is fresh, not recycled, and so you know what actually matters as the day gets going.
Stephen Carroll 0:21
From Brussels, I'm following the politics, policy and the people shaping the European Union right now.
Caroline Hepker 0:27
And from London, I'm looking at what all that means for markets, money and the wider economy.
Stephen Carroll 0:33
We've got reporters across Europe and around the globe feeding in as stories break.
Caroline Hepker 0:37
So whether it's geopolitics, energy, tech or markets, you're hearing it while it happens.
Stephen Carroll 0:43
It's smart, calm and to the point.
Caroline Hepker 0:45
And it fits into your morning.
Stephen Carroll 0:46
You can find new episodes of the Bloomberg Daybreak Europe podcast by 7am in Dublin or 8am in Brussels, Berlin and Paris on Apple, Spotify, YouTube or wherever you get your podcasts.
Caroline Hepker 1:00
News when you want it with Bloomberg News Now. I'm Caroline Hepker. The US and Iran have reached a tentative agreement to extend their ceasefire by 60 days. Sources tell us that under the plan, further talks on Tehran's nuclear program would continue during the extension period. While the agreement has yet to be signed off by President Trump, the news has raised hopes that the three-month conflict could be nearing a resolution. Speaking in the last few hours, US Vice President J.D. Vance told reporters that progress is being made.
JD Vance 1:36
If you look at what we've already accomplished here, assuming that we're able to get to a final agreement here, we're reopening the straits of Hormuz. We've already decimated their conventional military. And we're in a position where we can substantially set back their nuclear program, not just during the term of this president, but over the long term. That's a very, very good thing for the American people. So we're not there yet, but we're very close. We're going to keep on working at it.
Caroline Hepker 2:00
US Vice President J.D. Vance there. According to Axios, which first reported news of the deal, the proposal would guarantee that shipping through the Strait of Hormuz remains unrestricted. Iran would also be required to remove all mines from the Strait within 30 days. The latest developments came less than 24 hours after renewed clashes between the US and Iran, with both sides condemning the other for violating the truce. A Blue Origin rocket has exploded into a fireball during a late-night US launch pad test, shaking nearby homes. In a post on X, Blue Origin said that the New Glenn rocket experienced an anomaly during testing. The company was preparing the vehicle for its fourth launch, which was scheduled to deploy satellites for Amazon's rival to SpaceX's Starlink.
Caroline Hepker 2:59
Blue Origin and Amazon founder Jeff Bezos said that it was too early to determine the cause of the explosion and described it as a very rough day. The rocket is set to serve a key role in NASA's Artemis program, which aims to send humans back to the moon. Well, SpaceX, meanwhile, is currently targeting a valuation of at least $1.8 trillion in its initial public offering. Bloomberg understands that the firm is seeking to raise as much as $75 billion, which would make it the largest IPO ever. TMX Veta Phi's head of industry research, Roxana Islam, says the hype and valuation of SpaceX is already affecting ETFs.
Roxana Islam 3:44
This is a really interesting stock launch. I don't think I've ever seen a case where a stock hasn't even been public yet, but it's had such a huge impact on the ETF space.
Caroline Hepker 3:55
Roxana Islam adds that she's seen at least seven space themed exchange traded funds launch this year ahead of the IPO. The company is expected to start formal marketing for its IPO as soon as next week. Anthropic has raised a $65 billion in a funding round that valued the artificial intelligence company at $965 billion, eclipsing OpenAI for the first time. Bloomberg understands that funding was led by investors Altamira Capital, Dragoneer, GreenOaks and Sequoia Capital, which each put in more than $2 billion.

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