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Chapter 1: What is the main topic discussed in this episode?
The Big Take podcast from Bloomberg News keeps you on top of the biggest stories of the day.
My fellow Americans, this is Liberation Day.
Stories that move markets.
Chair Powell opened the door to this first interest rate cut.
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.
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.
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.
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Chapter 2: What recent developments are there regarding the US-Iran deal?
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.
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.
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.
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Chapter 3: How might the US-Iran deal impact the Strait of Hormuz?
But not everyone agrees. Several states could now sue to stop it, including California, which claims the deal would result in fewer jobs, higher production costs, and less choices for audiences. Measles is spreading quickly across the U.S. now, with the CDC reporting more than 2,000 confirmed cases so far.
And that's on top of the Ebola battle growing in Africa, as visitors from all over the world gather in North America now for the World Cup. Dr. Amesh Adalja is an infectious disease expert with Johns Hopkins.
This is going to be where people are interacting, so things have to be able to spread efficiently. And when it comes to Ebola, yes, it's deadly and scary, but it doesn't spread very efficiently from person to person.
That's Dr. Amesh Adalja on Bloomberg this weekend. He says the U.S. is also dealing with a New World screwworm outbreak that's been detected in six cattle so far in Texas. But a facility that breeds sterile flies to help suppress it won't start operating till November of 2027.
And that's raising alarms at a difficult time for the cattle industry, which is already dealing with drought and high production costs. After a bit of a weather delay, workers at the Kennedy Center started pulling President Trump's name off the building early this morning. Democratic Congresswoman Joyce Beatty of Ohio had been fighting for this change.
This is only the beginning, but I think this is a good start.
A judge ruled only Congress can make changes to the venue's name. The New York Knicks are now just one win away from a championship. They'll take on the San Antonio Spurs in Game 5 later tonight in Texas. The Knicks lead the series three games to one. And if you're following the World Cup, the U.S. scored a big win to open the tournament, beating Paraguay 4-1 yesterday in Los Angeles.
Today, Qatar takes on Switzerland, Brazil battles Morocco, and Haiti will play Scotland. All of those games are happening across the U.S. And that's news when you want it with Bloomberg News Now. I'm Monica Ricks. And this is Bloomberg. The Big Take podcast from Bloomberg News keeps you on top of the biggest stories of the day.
My fellow Americans, this is Liberation Day.
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