US-Iran Clashes Escalate, MA Primary Results, More
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What insights does James Reed share about building a lasting business?
Building a successful business is hard. Building one that lasts is even harder. The jobs market is tough. Industries are evolving. AI is advancing. How do you adapt and stay ahead? I'm James Reed, Chairman and CEO of Reed, and host of the All About Business Podcast. Every Monday, I sit down with founders, CEOs, and entrepreneurs who've built extraordinary businesses, the people who get things done. I ask them about the decisions that mattered, the risks they took, the mistakes they made, and what they'd tell you to do differently. Whether you're building a business, leading a team, or simply fascinated, By how successful people think. You'll hear honest conversations about the good, the bad, and the ugly of building something that lasts.
If you want top insights and actionable advice to apply to your career or business venture, listen to James Reed, All About Business. Listen on Apple, Spotify, YouTube, or wherever you get your podcast. See you next time.
News when you want it with Bloomberg News Now. I'm Nathan Hager.
And I'm Karen Moscow.
The U.S. has carried out a fresh wave of attacks on targets tied to Iran's Islamic Revolutionary Guard Corps. Iran says the strikes killed four members of the IRGC. It has retaliated, it says, with missiles on U.S. bases in Jordan and Bahrain. Iran is also accusing the U.S. of bombing a wedding ceremony, killing five people. President Trump is downplaying chances for a deal, writing on Truth Social, quote, I couldn't care less. If they sign a worthless to them agreement. We get more from Bloomberg Middle East correspondent Abir Abu Omar in Dubai.
Essentially what President Trump had said in his latest remarks was that he doesn't really care if Iran comes back to the negotiating table. He actually said that he thinks that the United States is in a good position right now. The response that that stoked from Iran was in the shape, of course, of a response from the president who was in Kyrgyzstan for a conference. He did say that Iran is willing to go back to the MoU concessions if the US were to go back to diplomacy and then And the Foreign Minister, of course, Abbas Archie had said that Iran is not taking away the diplomacy route completely. It is willing to go back there, but again, only if the United States were to seize its economic pressure campaign and also the military pressure campaign.
Bloomberg Zabir Abu Omar reports Treasury Secretary Scott Bessent is calling Iran's leaders panicked over their country's economic problems. He says at some point they'll be ready to negotiate.
Well Nathan, Secretary Bessant is hosting a G twenty finance ministers summit in Asheville, North Carolina this week. He says the gathering will not end with a traditional joint communique, and the reason why he says is China due to a dispute over the country's trade surplus.
It is clear that the country with the world's largest and unsustainable current account surplus, uh People's Republic of China, was the dissenter. And you know I I think that we we have uh nine nineteen other voices and as I said, uh my chairman's statement will echo that.
Treasury Secretary Scott Besson did release a statement saying China dissented on paragraphs related to shipping through the Strait of Horemuse, creating a task force on trade imbalances and provisions tied to debt restructuring. China released its own statements saying G twenty members should safeguard free trade and promote economic globalization. It did not address Besson's remarks directly.
Let's turn now to the latest in the race to the midterms. Karen, the results are in from last night's primary elections in Massachusetts. In the Democratic Senate race, eighty year old progressive incumbent Ed Markey beat back a challenge from forty seven year old moderate congressman Seth Moulton, sixty-five to thirty-five percent. Markey told his supporters last night his victory should be just the beginning.
We need to build more than just a democratic majority in Congress. We need to cement a progressive democratic majority, one that will use its political capital to take on the bosses, the billionaires, and the wannabe kings.
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