US & Iran Hail Progress in Talks, More Epstein Fallout, More
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News when you want it with Bloomberg News Now. I'm Nathan Hager.
And I'm Karen Moscow.
Karen, we begin with progress reported this morning in nuclear talks between the U.S. and Iran. Iran says it had reached a, quote, general agreement on the terms of a potential nuclear deal that would lift sanctions on Tehran and ease the risk of a broader Middle East war. Here's Iran's foreign minister, Abbas Arachi.
We are hopeful that negotiation will lead to a sustainable and negotiated solution at the same time as demonstrated during the aggression of 13 June 2025. Iran remains fully prepared to defend itself against any threats.
Iranian Foreign Minister Abbas Arachi made those comments in Geneva and Vice President J.D. Vance spoke about the talks with Fox News.
You know, in some ways it went well. They agreed to meet afterwards. But in other ways, it was very clear that the president has set some red lines that the Iranians are not yet willing to actually acknowledge and work through. So we're going to keep on working it. But of course, the president reserves the ability to say when he thinks that diplomacy has reached its natural end, we hope we don't get to that point. But if we do, that'll be the president's call.
That was Vice President J.D. Vance. Iran and the U.S. will each draft and exchange texts for a deal before setting a date for a third round of talks.
Also happening in Geneva, Nathan, Ukraine and Russia concluded a second day of U.S. brokered talks. The talks lasted about two hours. In a post on social media, Ukrainian President Volodymyr Zelensky accused Russia of dragging out negotiations. He did say both sides did agree the U.S.
What progress has been reported in US-Iran nuclear talks?
will help monitor a truce if the war ends.
Well, Karen, Japan plans to invest $36 billion in U.S. oil, gas and critical mineral projects. It's the first tranche of a $550 billion commitment under Japan's trade agreement with President Trump. The most significant investment is a natural gas facility in Ohio that's expected to generate a power equivalent of nine nuclear reactors. Bloomberg's Laura Davison has more from Hong Kong.
There are some questions just about the size and scope of this project, just because it would be the biggest energy project of its kind. There are also two other projects. One is a crude export facility in the Gulf of Mexico off the Texas coast, as well as a project that would produce synthetic diamonds. Those are used in the manufacturing of semiconductors, energy and automobiles as well.
Bloomberg's Laura Davison says the announcement comes weeks before Japanese Prime Minister Sanei Takeuchi is set to meet with President Trump in Washington.
Well, there's more fallout this morning from the Jeffrey Epstein files. Nathan and Bloomberg's Alexis Christophorus has the latest from New York.
Two teachers unions are asking the Securities and Exchange Commission to look at a 2021 statement from Apollo Global Management about its contact with the late sex offender and whether it could be considered materially false or misleading.
What statements did Iran's foreign minister make about the negotiations?
The Justice Department's latest files show Epstein corresponded with Apollo's then-CEO Leon Black, its current CEO Mark Rowan, and others in the firm. The American Federation of Teachers says Apollo's statement claims Black never promoted Epstein's services to other senior executives. An Apollo spokesman says no one at the firm, other than Black, had a personal or business relationship with Epstein. Meanwhile, the House Oversight Committee is set to hear a closed-door deposition today from billionaire Les Wexner. The 88-year-old founder of L Brands has spent years answering for his decades-long relationship with Epstein. Wexner has long denied any knowledge of Epstein's crimes,
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