News when you want it with Bloomberg News now.

I'm Monica Rix.

President Trump is back at the white House following his

three day trip to China to meet with President XI Jinping.

He told reporters aboard Air Force One that they talked a lot about Taiwan.

I think the last thing we need right now is a war.

That's 9500 miles away.

The Trump administration has already approved a major sale of U.S.

arms to Taiwan,

but the president says he hasn't decided yet whether that can move forward.

It's also unclear where tariffs will land, even though China says it's agreed

to lower levies on certain products, including agriculture.

Trump announced on Truth Social

that China is buying soybeans and 200 Boeing planes.

The orders

the biggest single sale of Boeing aircraft to China in more than a decade.

A group of American tech titans also traveled with Trump

to China, including Apple's Tim Cook and Tesla's Elon Musk.

But Bloomberg Tech co-host Caroline

Hyde says Nvidia's Jensen Huang may have made the biggest splash

there was then an extraordinary move in Chinese shares AI related stocks, hoping

that they would get access to the crucial 200 chips coming from Nvidia.

For now, the clarity is that came up, but China doesn't want them.

They've got clearance from the US to be able to sell to China.

But China thus far wants to focus on its own supply chain.

That's Bloomberg's Caroline Hyde.

Trump has suggested tariffs didn't come up in his meetings with XI,

but he did tout new trade deals

with China agreeing to buy soybeans and Boeing planes.

Israel says it's killed one of the architects

of the October 7th attacks that triggered its war in Gaza.

Israel's army, says is al-Din al Hadad was killed at a strike in Gaza

City yesterday.

He was one of the last senior commanders in Hamas's military

who directed the gruesome attacks three years ago.

His killing comes despite a ceasefire between Israel and Hamas.

About 300,000 commuters may have to find a new way

to work on Monday, now that the Long Island Railroad suspended service,

union workers went on strike at midnight after failing to reach a deal with MTA

for higher pay.

Jeno Lieber, head of the MTA.

It's up to them how long the strike goes on.

Really, it's their decision.

We don't. We're not locking them out.

They're decided to go on strike.

MTA says pay raises would force them to raise fares.

It's the first strike, by the way, in more than 30 years.

A two day suspension shut down service back in 1994.

U.S. oil refiners are ramping up fuel production

to help fill supply gaps as the war in Iran continues.

Bloomberg's Charlie Pellett

analysts say the brisk pace is expected to push many refineries

to their effective maximum capacity for at least the rest of this year.

Gasoline output touched a nine month high in recent weeks,

and jet fuel production is at levels not seen since the summer of 2024.

In New York, Charlie Pettit, Bloomberg Radio.

Elon Musk says he's not selling any Space-x shares ahead of the company's

long awaited IPO, despite executing a five for one stock split

that'll reduce the price investors pay for each share offered.

The company could file publicly as soon as Wednesday

and kick off formal marketing for its stock sale June 4th.

Federal prosecutors have launched a probe into valuation practices at BlackRock's

private credit fund.

Bloomberg Businessweek daily co-host Carol Masser has more.

The Manhattan U.S.

Attorney's Office has been seeking information about Blackrock, TCP Capital

Corp.

and has brought in executives for questioning as part of the probe.

The probe, following a rare off cycle disclosure by TCP DC in January

that it expected to slash the value of its assets,

which sent shares of the fund plunging

and led to class action lawsuits being filed on behalf of investors.

That's Bloomberg's Carol Masser, J.

Clayton, who runs the Southern

District of New York, has been voicing concerns about this for months.

Snap and YouTube have reached agreement

to settle a lawsuit from a Kentucky school district.

The district claims that addiction to social media platforms

disrupted learning, and pushed public schools

to spend a massive amount of money fighting a mental health crisis.

That case was set to go

to trial on June 12th in federal court in Oakland, California.

Maverick McNealy and Alex Smalley are tied atop

the leaderboard as the PGA Championship continues today in Pennsylvania.

Both are at four under par.

And later tonight, the Preakness Stakes get underway at a new location,

Laurel Park in Laurel, Maryland.

Kentucky Derby winner Golden Temple will not be running that race

due to the short rest time

between the Derby and the second leg of the Triple Crown.

And that's news when you want it with Bloomberg News now.

I'm Monica Rix and this is Bloomberg.