1
00:00:01,840 --> 00:00:04,960
Speaker 1: News when you wanted. With Bloomberg News Now, I'm Brand

2
00:00:05,000 --> 00:00:08,959
Speaker 1: Curtis in Hong Kong. Political trend watchers are sifting through

3
00:00:09,000 --> 00:00:13,320
Speaker 1: the results of several interesting primary results. Bloomberg's Ed Baxter

4
00:00:13,440 --> 00:00:14,480
Speaker 1: has the story.

5
00:00:14,680 --> 00:00:17,520
Speaker 2: On the progressive end of the spectrum. Squad member Jamal

6
00:00:17,640 --> 00:00:20,479
Speaker 2: Bowman has lost his race in New York to retain

7
00:00:20,600 --> 00:00:23,680
Speaker 2: his House seat. George Latimer had been polling strongly and

8
00:00:23,720 --> 00:00:27,640
Speaker 2: did win with a sizeable margin. Trump supported candidates elsewhere

9
00:00:27,640 --> 00:00:31,520
Speaker 2: in key races did show an interesting picture. In South Carolina,

10
00:00:31,840 --> 00:00:36,400
Speaker 2: Trump strongly backed pastor Mark Burns. Burns has lost to

11
00:00:36,560 --> 00:00:41,040
Speaker 2: Sherry Biggs. In Utah, Trump backs Senate candidate Trent Staggs

12
00:00:41,440 --> 00:00:44,839
Speaker 2: lost by a wide margin to John Curtis. This from

13
00:00:44,880 --> 00:00:49,120
Speaker 2: Mitt Romney's empty seat. Congresswoman Lauren Bobert has won the

14
00:00:49,120 --> 00:00:54,040
Speaker 2: Republican primary race in Colorado, where she moved districts Ed Baxter,

15
00:00:54,200 --> 00:00:55,040
Speaker 2: Bloomberg Radio.

16
00:00:56,160 --> 00:00:59,640
Speaker 1: Elsewhere, Wiki Leak's co founder Julian Nasange has agreed to

17
00:00:59,680 --> 00:01:02,440
Speaker 1: a plea deal with the US government. It brings an

18
00:01:02,560 --> 00:01:05,200
Speaker 1: end to a case involving one of the largest breaches

19
00:01:05,240 --> 00:01:08,280
Speaker 1: of state secrets in US history. We get more from

20
00:01:08,280 --> 00:01:09,959
Speaker 1: Bloomberg's Bill Ferries.

21
00:01:09,840 --> 00:01:13,840
Speaker 3: And he will plead guilty to charges of leaking US

22
00:01:13,959 --> 00:01:18,240
Speaker 3: national security secrets. He will be immediately sentenced to about

23
00:01:18,280 --> 00:01:21,000
Speaker 3: five years of time served and he'll get back on

24
00:01:21,040 --> 00:01:23,959
Speaker 3: his plane and he'll head to Australia. That should bring

25
00:01:24,080 --> 00:01:27,120
Speaker 3: this all to a close. But it has been it

26
00:01:27,160 --> 00:01:28,480
Speaker 3: has been a long time coming.

27
00:01:28,880 --> 00:01:32,760
Speaker 1: Bloomberg's Bill Ferries Assannge is expected to enter his plea

28
00:01:32,920 --> 00:01:36,440
Speaker 1: in person in a court on Wednesday in Saipan in

29
00:01:36,520 --> 00:01:40,200
Speaker 1: the US Northern Mariana Islands. The agreement will free as

30
00:01:40,240 --> 00:01:43,320
Speaker 1: Soannge and resolve the legal case that spanned many many

31
00:01:43,400 --> 00:01:48,440
Speaker 1: years and was spread around several continents. Artificial intelligence powerhouse

32
00:01:48,480 --> 00:01:52,320
Speaker 1: open ai is moving to curb China's access to its software.

33
00:01:52,760 --> 00:01:56,200
Speaker 1: The move enforces an existing company policy to block users

34
00:01:56,200 --> 00:01:59,160
Speaker 1: in certain nations. More from Bloomberg's Jackie.

35
00:01:58,920 --> 00:02:03,240
Speaker 4: Devallos developers will have this access cut off starting in July.

36
00:02:03,680 --> 00:02:08,440
Speaker 4: This really originated through local media reporting, which cited screenshots

37
00:02:08,480 --> 00:02:11,440
Speaker 4: that had this OpenAI memo to developers saying they were

38
00:02:11,440 --> 00:02:15,000
Speaker 4: going to have this access removed. OpenAI has now confirmed

39
00:02:15,040 --> 00:02:17,639
Speaker 4: the decision. This is not the first time that China

40
00:02:17,760 --> 00:02:22,440
Speaker 4: has come against the crosshairs of American tech companies and

41
00:02:22,480 --> 00:02:26,200
Speaker 4: even regulators here and US officials who believe that China

42
00:02:26,320 --> 00:02:29,440
Speaker 4: is using this technology for more nefarious purposes.

43
00:02:29,800 --> 00:02:35,680
Speaker 1: Bloomberg's Jackie Devalos reporting OpenAI's products are not available in China. However,

44
00:02:35,760 --> 00:02:41,080
Speaker 1: many developers access its tools through virtual private networks. Exon

45
00:02:41,120 --> 00:02:43,200
Speaker 1: Mobil is taking the first step toward what will be

46
00:02:43,280 --> 00:02:47,120
Speaker 1: the seventh oil project it has in Guyana. If approved,

47
00:02:47,120 --> 00:02:51,040
Speaker 1: the project will boost Guyana's overall production capacity to nearly

48
00:02:51,080 --> 00:02:54,280
Speaker 1: one point five million barrels a day, that's about the

49
00:02:54,360 --> 00:02:58,640
Speaker 1: same as OPEC member Nigeria, and FedEx is out with

50
00:02:58,680 --> 00:03:02,000
Speaker 1: a full year profit outlook that surpassed Wall Street expectations.

51
00:03:02,280 --> 00:03:04,720
Speaker 1: We get details from Bloomberg's Charlie Pellett.

52
00:03:04,760 --> 00:03:07,160
Speaker 5: The company is taking on a slew of cost cutting

53
00:03:07,160 --> 00:03:11,079
Speaker 5: measures to increase margins and cope with a sluggish demand environment.

54
00:03:11,480 --> 00:03:14,880
Speaker 5: FedEx said adjusted earnings in the twenty twenty five fiscal

55
00:03:14,960 --> 00:03:17,919
Speaker 5: year will be twenty to twenty two dollars a share.

56
00:03:18,320 --> 00:03:21,120
Speaker 5: The midpoint tops the twenty eighty five average of analys

57
00:03:21,240 --> 00:03:24,600
Speaker 5: estimates compomped by Bloomberg. The Memphis based courier has been

58
00:03:24,639 --> 00:03:28,640
Speaker 5: working to reduce costs across the organization, including shrinking the

59
00:03:28,680 --> 00:03:32,760
Speaker 5: workforce by tens of thousands of workers. The latest announcement

60
00:03:32,880 --> 00:03:35,480
Speaker 5: came earlier this month, when the company said it planned

61
00:03:35,480 --> 00:03:37,920
Speaker 5: to reduce its headcount in Europe by as many as

62
00:03:38,160 --> 00:03:43,040
Speaker 5: two thousand jobs. In New York, Charlie Pellett Bloomberg Radio.

63
00:03:43,440 --> 00:03:45,960
Speaker 1: Shares of FedEx we are up fourteen percent in the

64
00:03:46,040 --> 00:03:49,920
Speaker 1: late session. The US Surgeon General has issued a warning

65
00:03:50,000 --> 00:03:53,640
Speaker 1: on gun violence. We get more from Bloomberg's Jody Schneider

66
00:03:53,760 --> 00:03:54,480
Speaker 1: in Washington.

67
00:03:54,560 --> 00:03:58,640
Speaker 6: Doctor mc murphy, the Surgeon General is calling for what

68
00:03:58,720 --> 00:04:02,160
Speaker 6: he says there's a multi pronged effort to reduce gun deaths,

69
00:04:02,840 --> 00:04:07,160
Speaker 6: modeled on for past campaigns against smoking in traffic fatalities.

70
00:04:07,400 --> 00:04:10,960
Speaker 6: He's declaring gun violence in America a public health crisis,

71
00:04:11,200 --> 00:04:13,360
Speaker 6: saying that there needs to be a whole array of

72
00:04:13,400 --> 00:04:16,560
Speaker 6: preventative measures to stem this.

73
00:04:17,040 --> 00:04:21,760
Speaker 1: Bloomberg's Jody Schneider in Washington. In the interest of transparency,

74
00:04:21,960 --> 00:04:24,680
Speaker 1: we should note that Michael Bloomberg, the founder and majority

75
00:04:24,720 --> 00:04:29,080
Speaker 1: owner of Bloomberg LP, donates to groups that support gun control.

76
00:04:29,360 --> 00:04:32,119
Speaker 1: That's news when you want it. With Bloomberg News Now,

77
00:04:32,400 --> 00:04:34,479
Speaker 1: I'm Brian Curtis, This is Bloomberg,