US-Iran Deal Could Be Finalized Soon, SpaceX Record IPO, More

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Bloomberg News Now 7 min 3 speakers 3 chapters transcribed 3 months ago

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What is the main topic discussed in this episode?

Monica Ricks 0:00

The Big Take podcast from Bloomberg News keeps you on top of the biggest stories of the day.

0:05

My fellow Americans, this is Liberation Day.

Monica Ricks 0:08

Stories that move markets.

0:10

Chair Powell opened the door to this first interest rate cut.

Monica Ricks 0:14

Impact politics. Change businesses. This is a really stunning development for the AI world. And how you think about your bottom line. Listen to The Big Take from Bloomberg News every weekday afternoon on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. News when you want it with Bloomberg News Now. I'm Monica Ricks. Pakistan says we could be 24 hours away from a deal between the U.S. and Iran, raising expectations now that both sides could be closer to a broader agreement that could reopen the Strait of Hormuz and end Iran's nuclear ambitions. Bloomberg's Laura Davison has more from Washington.

0:52

A senior administration official had a briefing call with reporters yesterday to prep the press for this potential deal, saying that it was possible that 80 to 85 percent that something could come together over the next couple of days, whether that be on Sunday or into next week. I want to know what the actual contours of this deal and what could be signed It's still quite uncertain.

Monica Ricks 1:10

That's Bloomberg's Laura Davison on Bloomberg this weekend. Pakistan says it's preparing for an electronic signing with more technical level talks set to follow next week. This also comes as the U.S. intercepts more attacks in the Strait of Hormuz. U.S. Central Command confirmed overnight that it shot down multiple Iranian drones. President Trump says the U.S. military killed the leader of the Tren de Aragua gang with help from Venezuela this week. His post on social media says it was a swift and lethal kinetic U.S. strike that killed Nino Guerrero. The cartel had been labeled as a terrorist organization responsible for countless crimes, including extortion and drug trafficking. Elon Musk is waking up as the world's first trillionaire today after SpaceX hit the Nasdaq for its long-awaited IPO, the largest in history, hitting $2.1 trillion.

Monica Ricks 2:01

Bloomberg Tech co-host Ed Ludlow has more.

Ed Ludlow 2:03

Their future looks so different. You know, it is basically part one, put data centers in space, become an AI company, sell AI software like OpenAI and Anthropic do, and still the original goal of getting humans to Mars. It's all in there.

Monica Ricks 2:18

That's Bloomberg's Ed Ludlow on Bloomberg This Weekend. SpaceX shares close up 19 percent Friday. Markets rallied yesterday thanks to SpaceX and on hopes of a possible deal with Iran that caused oil prices to fall about 3 percent.

What recent developments are there regarding the US-Iran deal?

Monica Ricks 2:32

Brent crude closed at $87 a barrel. Anthropix's latest AI models are now offline after the company says the U.S. limited its foreign access. Bloomberg's Ed Kalecki has details.

2:44

Anthropic says the U.S. government has issued an export control directive to suspend all foreign access to its Fable 5 and Mythos 5 artificial intelligence models. Anthropic said in a post on X, the U.S. government, citing national security authorities, has issued an export control directive to suspend all access to Fable 5 and Mythos 5 by any foreign national, whether inside or outside the United States, including foreign national Anthropic employees. Bloomberg Radio.

Monica Ricks 3:15

That directive, by the way, adds to pressure Anthropic was already facing from the U.S. government. Earlier this year, the Pentagon labeled the company a supply chain risk following a contracting dispute over cybersecurity guardrails. OpenAI is now under investigation by a coalition of state attorneys general who requested information from the company on a wide range of topics. A spokesperson for the company says it's cooperating and taking these concerns seriously, but didn't say what the probe was about. After eight months of review, Paramount Skydance's $110 billion bid for Warner Bros. Discovery has been cleared by the Justice Department, with the DOJ saying the deal is not likely to hurt consumers or competition in the field and television industry.