Bloomberg News Now: Americans Injured in Kuwait, WH Weighs Ceasefire Extension, More
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News when you want it with Bloomberg News now.
I'm Monica Rix.
Several Americans were hurt in a missile attack on a Kuwaiti air base.
As a white House meeting to discuss extending the cease fire with Iran
ended without conclusion or announcements from President Trump.
Bloomberg's Wendy Benjamin Sin has more from Washington.
We haven't heard anything yet, although we are expecting
that we will hear from him this morning, particularly
about the injuries to a handful of American troops at a U.S.
base in Kuwait that, given the fact that he apparently
wasn't ready to sign this agreement after the discussion in the Situation Room.
I don't think this event will push him any closer
toward being willing to sign an agreement with Iran.
That's Bloomberg's Wendy Benjamin Sin on Bloomberg this weekend.
A white House
official says Trump will only make a deal that satisfies his redlines,
including Iran, ending its nuclear program and reopening the Strait of Hormuz.
Ship owners are increasingly optimistic now about a pickup in traffic
through Hormuz after more vessels left the waterway this week.
Some ships that have crossed belong to companies that haven't moved
since this war started with Iran four months ago.
The movement has a potential now to boost the flow of everything from oil
and gas to consumer goods, and could also boost oil tanker earnings.
Defense Secretary Pete Hegseth praised U.S.
partnerships and stable ties
with China while speaking at a security summit overnight in Singapore.
Bloomberg editor at large House Haslinda Amin is there.
It is a balancing act, the tone that has adopted this time round
reflects a relationship with China, which is still being redefined.
He talked about how relations are constructive, that China is possibly
a partner, and that communications between the two sides,
open.
Bloomberg's Haslinda Amin on Bloomberg this weekend.
He did not mention Taiwan in his speech, which is a red line
for China and marked a major shift in tone.
NATO defense chief Admiral Giuseppe Cavo Dragon is also at that summit
and talked about Europe's response to President Trump's
demand to pay more for defense and its relationship with the Pentagon.
He says it's stable.
We had a commitment, a strong commitment in The Hague to reach the 5% by 2035.
We have a naval defense planning process
to give us the capability that we need, and we will acquire that in time.
So I think we are in a good and a good shape.
Dragon two telling Bloomberg there drama free on the military side to President
Trump's latest physical results, say he remains in excellent health.
A white House doctor says Trump aced his cognitive exam
and is fully fit to carry out all duties as commander in chief.
Questions about Trump's health have been heightened by cognitive concerns.
Visible signs of aging like swelling and bruising, and his actual age.
Trump will be 80 next month.
The Trump administration says it plans to appeal a judge's authority
to order refunds on all tariffs ruled illegal by the Supreme Court.
Bloomberg's Ed Kalegi has details.
The Justice Department filed notice Friday that it will appeal a court order
compelling customs authorities
to recalculate all import taxes that the administration collected
under President Trump's use of a 1970s era emergency powers law.
U.S. Customs and Border Protection launched a new online portal
to process refund claims, signaling that it intended to repay
at least some of the approximately $166 billion
in levies struck down by the Supreme Court earlier this year.
Ed Kalegi, Bloomberg Radio.
Meta and Google have agreed to pay about $27 million to settle a lawsuit
with a school district in Kentucky that claims their addictive
social media platforms helped create a teen mental health crisis.
The settlement allowed the companies to avert trial, but
this is just one of more than 1000 similar suits nationwide,
and yum brands could sell Pizza Hut soon.
Its sales have consistently lagged behind sister chains Taco
Bell and KFC, and yum says it's drawing takeover interest.
Sources tell Bloomberg the companies entered exclusive talks
with equity firm Long Range Capital, but there's no price or guarantee for a deal.
New York Governor Kathy Hochul has now signed a bill banning
law enforcement officers from wearing masks while on duty.
New York is not a sanctuary for criminals, and we will cooperate
when crimes are being committed.
Going after dangerous criminals, not the act of crossing the border,
but dangerous criminals.
The new law also limits law enforcement,
helping Ice agents and federal immigration efforts.
The Carolina Hurricanes will face the Vegas Golden Knights
in the Stanley Cup final after beating Montreal last night.
It'll be their first final since 2006.
And later tonight, the New York Knicks will find out who they'll play
in the NBA finals when the San Antonio Spurs take on the Oklahoma City Thunder.
That series is tied up at three games apiece.
And that's news when you want it with Bloomberg News now.
I'm Monica Rix and this is Bloomberg.
Ask follow-up questions or revisit key timestamps.
This Bloomberg news segment covers a wide range of topics, including a missile attack on a U.S. base in Kuwait, ongoing discussions regarding Iran, and shifts in U.S.-China relations discussed at a security summit. It also touches on President Trump's health, legal challenges regarding tariff refunds, corporate settlements involving Meta and Google, potential changes for Pizza Hut, and New York state legislative updates. Finally, the report concludes with updates on professional sports finals.
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