Trump Open to Iran Sanctions Relief, SpaceX Ends Mission Early, More

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What is the main topic discussed in this episode?

David Weston 0:00

Hi, I'm David Weston. Join me every week for the Wall Street Week Podcast to hear stories of capitalism from around the world. From geopolitical tensions and central bank decisions to artificial intelligence, energy, and infrastructure, we sit down with the CEOs, economists, policymakers, and thought leaders whose decisions are shaping markets everywhere we find them. Subscribe to the Wall Street Week Podcast on Apple, Spotify. Five or anywhere you listen.

Will Trump offer Iran sanctions relief in exchange for nuclear and Strait of Hormuz concessions?

Amy Morris 0:30

News when you want it with Bloomberg News Now, I'm Amy Morris. President Trump says he's open to sanctions relief for Iran in exchange for progress on the nuclear issue. But Iranian officials have privately expressed pessimism that they'll be able to make a deal before the midterms. Michael Allen is managing director of Beacon Global Strategies. He explains this timeline.

Michael Allen 0:51

I think there is something magic about the midterms because I think the Iranians believe that that would be a gift to President Trump. I think in their minds they're playing a contributing role to the prospect, the possibility, the likelihood that the president might lose the House of Representatives and possibly even the Senate. And they probably are thinking to themselves they don't want to forestall that because they think they have leverage.

Amy Morris 1:14

Peak in global strategies managing director Michael Allen on balance of power. The U.S. government has told mediators it wants Iran to make firm commitments on reopening the strait and concessions regarding its nuclear program. In exchange for sanctions relief and the release of frozen funds. Crude oil moving higher, but off-session highs, WTI nearing $93 a barrel, Brant Crude more than $105 a barrel. Saudi Arabia has also started exporting oil using a key cross-country pipeline after that link was repaired after drone strikes earlier this month.

What did SpaceX achieve with Starship’s first orbital launch, and why did the mission end early?

Amy Morris 1:48

A major achievement for SpaceX. It successfully launched its start. Starship rocket into orbit for the first time, where it was able to deploy 26 next generation Starlink V3 satellites. Bloomberg's Ed Ludlow.

2:01

The latest generation operational Starlink satellites that will contribute to the constellation that powers SpaceX's space-based internet service. So that is a meaningful commercial and operational milestone for SpaceX.

Amy Morris 2:16

SpaceX brought the Starship rocket home early. It had planned a 10-hour trip, they called it after three, shares of SpaceX less than 1% lower.

How do Nvidia’s new AI security tools protect AI agents from cyberattacks?

Amy Morris 2:25

Nvidia has introduced a new double-layered artificial intelligence security system. It says would have prevented the recent high-profile breach of Hugging Face by OpenAI's models. The system includes two open source software security tools: OpenShell and NVIDIA. Nvidia Century that can be run on NVIDIA's hardware to control what AI agents can access in real time. And shut them down when they break the rules.

Unknown 2:54

There has to be more innovation around the security and especially around agentic security in order to give continued confidence and adoption of these key technologies. So I do think that this provides an excellent opportunity for many of the cybersecurity software names, but I also think that having a security aspect to the platform is going to be table stakes.

Amy Morris 3:17

Science and technology partner CIO Eric Clower on Bloomberg Tech. NVIDIA also increased the size of its share buyback plan by $150 billion, increasing the total remaining amount authorized to $235 billion. NVIDIA shares now more than two percent higher.

Why are Meta shares falling as the company expands its AI business?

Amy Morris 3:34

Meta shares are lower for a second consecutive day. Chief Executive Mark Zuckerberg announced plans for a meta enterprise platform focusing on selling its AI products to businesses. Investors are sizing up the risk of competition, including competitors like Alphabet, Apple, and smaller startups like Instinct. Meta shares nearly 4% lower. Tech stocks are tumbling, Nasdaq and SP lower because of Higher oil prices and a higher dollar. We check those markets for you all day long here at Bloomberg. The S P five hundred down a half percent, NASDAQ down six tenths of a percent, the Dow down four tenths of a percent.