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Chapter 1: What is the main topic discussed in this episode?
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News when you want it with Bloomberg News Now, I'm Erika Herskowitz. Vice President J.D. Vance says talks with Iran over the weekend were very, very good as the sides attempt to reach a peace deal within two months and formally end the war. Vance spoke to reporters in Switzerland this morning and dismissed criticism of last week's interim agreement between the U.S.
and Iran and said it would bring relief to Americans in the form of lower energy prices.
There was a little bit of threatening, there was a little bit of whining, but at the end of the day, the talks continued and we made great progress.
Fans said one of the goals of the current round of talks with Iran was to build a mechanism for keeping the Strait of Hormuz open, and that has been done. We get more from Bloomberg's Tyler Kendall.
We did hear from CENTCOM over the weekend confirming that 55 tankers carrying 17 million barrels of oil transited through on Saturday.
And new this morning from Bloomberg News, we got this data showing that four empty LNG tankers linked to Qatar are starting their transit through the Strait, marking the highest number that we've seen of empty LNG tankers trying to return back so that these Middle East exporters can restart again.
Bloomberg's Tyler Kendall. Vance also said Iran has agreed to invite inspectors from the International Atomic Energy Agency into the country, but Iranian officials, who also cite progress, challenged that claim, saying Vance's assertion was false and does not reflect reality. Today, the U.S.
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Chapter 2: What progress has been made in the talks with Iran?
And Andy Burnham, as I say, could be prime minister in July. He'll have a lot of work to do getting ready for that. Who's going to be his top team? Who's going to be handling the machinery of government? What's his policy plans going to be? Lots of unanswered questions today.
Bloomberg's Joe Mays. Whoever succeeds Starmer will become Britain's fifth prime minister since 2022 and its seventh since the Brexit referendum in 2016. Qatar's energy minister says an explosion killed at least 13 people at a key gas export terminal. The explosion was described today as related to an industrial accident.
The man convicted in the 1979 death of six-year-old Eitan Patz will not receive a new trial. A jury convicted Pedro Hernandez in 2017 of kidnapping and murdering Patz. An appeals court in July overturned that judgment, saying Hernandez was entitled to a new trial. Now the Supreme Court is reversing the lower court's decision.
The six-year-old's face was the first to be placed on a milk carton to help find missing children. Hernandez is serving a sentence of 25 years to life. Alan Greenspan, the Federal Reserve chairman, proclaimed a wizard for guiding a then-record U.S. economic expansion, only to see his luster dimmed by the financial crisis that erupted less than two years after he stepped down, has died.
Greenspan was 100 years old. We get more from Bloomberg's Michael McKee.
Shortly after he started in 1987, we had Black Monday and the big drop in the markets. He responded by offering the markets unlimited liquidity, which then became known as that Greenspan put, the feeling that the Fed will always step in to save the markets. And that's certainly influenced the way that markets have traded and the way the Fed has has acted.
Bloomberg's Michael McKee. More sad news. Legendary music executive Clive Davis died at his home in Manhattan this morning. The music mogul and Arista Records co-founder is credited with signing some of the biggest names in the music industry, including Billy Joel, Bruce Springsteen, Aerosmith, and Earth, Wind & Fire. Clive Davis was 94 years old.
NVIDIA is working to make humanoid robots safer around people, arguing that they'll need to handle split-second decisions before they can be trusted to work closely with humans. Shares in SpaceX down more than 10 percent after Elon Musk's company said it's selling investment-grade bonds for the first time, part of what's expected to be a massive borrowing spree to fund AI ambitions.
And Chevron signed a 20-year deal with Microsoft today to provide natural gas-fired power for a proposed West Texas data center. The proposed plant, Project Kilby, is expected to start producing power by 2028 and will ramp up to 2.67 gigawatts over time, enough to power more than 530,000 Texas homes.
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