Trump Says He’ll Sign Iran Deal Sunday to Reopen Hormuz, More
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News when you want it with Bloomberg News Now. I'm Ed Kalecki. President Trump says an interim deal to reopen the Strait of Hormuz and end the conflict with Iran will be signed on Sunday. A claim contradicted by Iran as the two sides still differ over key points, including management of the waterway. and payments to the islamic republic pakistan which has served as a mediator says it's preparing for an electronic signing of the peace deal followed by technical level talks next week those talks would last up to 60 days and focus on iran's nuclear program the president said iran would not get any money in the deal while tehran was still insisting that it be paid for damage from the war and be able to reclaim its own assets that were frozen by the u.s after the 1979 revolution
Iranian Foreign Minister Abbas Arachi echoed Trump's expectations for a signing in a speech carried by state television on Friday, but a spokesman ruled out a signing on Sunday. According to a European official familiar with the matter, the terms of the accord still need to be approved by Iranian Supreme Leader Khamenei. The information reports Amazon CEO Andy Jassy was among the tech leaders who raised concerns to senior Trump administration officials this week about security risks in Anthropic's most advanced models. The calls between the head of Amazon, one of Anthropic's biggest investors and vendors, and the officials in the last few days helped trigger the Trump administration's new export restrictions on Anthropic's Claude Mithos 5 and Fable 5 models late Friday night, citing national security concerns.
The restrictions suspend access to those models to foreign nationals. Anthropix said it disabled access to the models for all customers to comply. Elon Musk is spending this Saturday as the world's first trillionaire after SpaceX hit the Nasdaq for its long-awaited IPO. the largest in history at $2.1 trillion. Bloomberg Tech co-host Ed Ludlow says it's a big bet on Musk.
They need money to fund a bit of a pivot in the business, which is they're going from launching satellites for customers in the private sector, in the government, and a Starlink satellite constellation themselves. You basically can get very good Wi-Fi that instead of coming from terrestrial cables and beamed to you via a box, comes from a satellite. Great business working really well their future looks so different.
Bloomberg's Ed Ludlow on Bloomberg this weekend. SpaceX stock closed Friday 19% higher at $160 a share. Wall Street wrapped up the week with gains for stocks. That story from Bloomberg's Charlie Pellett.
The S&P 500 index was up this week by 0.7% with hopes for a diplomatic breakthrough to end the war in Iran, lifting stocks as U.S. oil declined to settle below $85 a barrel. The U.S.
What announcement did President Trump make regarding the Iran deal?
said an interim peace deal that reopens the Strait of Hormuz and ends Iran's nuclear weapons ambitions looks increasingly likely and could be signed within days. Also giving a lift to sentiment was the SpaceX IPO. This week, the NASDAQ 100 index gained 2.3 percent, while the Dow this week was up by 0.7 percent. In New York, Charlie Pellett, Bloomberg Radio.
Canadian Prime Minister Mark Carney says Trump administration officials have been clear that they don't want to trigger a vote in Congress by changing the fundamental architecture of the North American free trade deal. Carney said the three countries in the United States, Mexico, Canada agreement are currently holding separate bilateral talks and a variety of trade irritants in part because no side wants to make sweeping changes to the existing deal.
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