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Speaker 1: News when you want it with Bloomberg News Now I'm

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Speaker 1: in Kleggi. Apple has renewed discussions with open Ai about

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Speaker 1: using the startups technology to power some new features coming

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Speaker 1: to the iPhone later this year. This according to people

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Speaker 1: familiar with the matter, the two companies have begun discussing

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Speaker 1: terms of a possible agreement and how the open Ai

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Speaker 1: features would be integrated into Apple's iOS eighteen, the next

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Speaker 1: iPhone operating system. The move marks a reopening of dialogue

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Speaker 1: between the companies. Apple had talked to OpenAI about a

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Speaker 1: deal earlier this year, though work between the two parties

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Speaker 1: had been minimal since then. Apple also remains in discussions

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Speaker 1: with Alphabet's Google about licensing that company's Gemini chatbot.

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Speaker 2: Now.

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Speaker 1: There's no end to campus protests over the war in Gaza.

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Speaker 1: A demonstration at Ohio State University led to arrests almost

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Speaker 1: as soon as it began. Thursday night, more than two

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Speaker 1: dozen protesters were arrested at Emory Universe City in Atlanta, Columbia.

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Speaker 1: University officials are trying to negotiate with demonstrators who have

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Speaker 1: been camped out since early last week. Brown University political

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Speaker 1: scientist Wendy Schiller says, these demonstrations aren't going away anytime soon.

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Speaker 3: I think they're going to take the summer, these students,

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Speaker 3: and they're going to regroup. I think they're going to

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Speaker 3: be back in the fall, and I think a lot

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Speaker 3: depends on how Israel conducts the remainder of the war

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Speaker 3: in Gaza to determine what our campuses look like in

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Speaker 3: the fall.

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Speaker 1: Brown University's Wendy Schiller was a guest on Bloomberg Daybreak.

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Speaker 1: Republic First Bank became the latest smaller lender to succumb

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Speaker 1: to pressures of higher interest rates on Friday, when it

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Speaker 1: was closed by regulators, with most of its deposits and

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Speaker 1: assets acquired by Fulton Bank. The Federal Deposit Insurance Corporation

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Speaker 1: said in a statement that republic Firsts thirty two locations

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Speaker 1: in New Jersey, Pennsylvania, and New York will reopen Saturday

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Speaker 1: as branches of Fulton Bank. The Philadelphia based bank had

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Speaker 1: struggled with similar issues as other regional lenders, high interest

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Speaker 1: rates that translated into unrealized losses on loans and securities.

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Speaker 1: The agency estimated that the republic First failure will cost

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Speaker 1: its Deposit Insurance Fund six hundred and sixty seven million dollars.

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Speaker 1: Secretary of State Antony Blincoln met with Xijianping and top

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Speaker 1: foreign affairs and security officials in Beijing, touching on economic

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Speaker 1: issues as well as China's threat to the Philippines and

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Speaker 1: American ally. Bloomberg's IRV Chapman reports from Washington.

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Speaker 4: WHENCN said Russia would be struggling in Ukraine without Chinese support, it.

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Speaker 2: Is absolutely critical that the support that is providing not

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Speaker 2: in terms of weapon but components for the defense industrial base,

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Speaker 2: machine tools, microelectronics. China's is overwhelmingly the number one supplier

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Speaker 2: to Russia, but it's also having a material effect in

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Speaker 2: creating a growing threat that Russia poses to countries in Europe.

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Speaker 4: And Can said the administration is prepared to widen sanctions

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Speaker 4: on the Chinese entities involved, as well as to use

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Speaker 4: tarots to keep Chinese dumping of its surplus production from

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Speaker 4: putting more American companies out of business in Washington, En

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Speaker 4: Kampman Bloomberg Radio.

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Speaker 1: A week forecast from chip maker Intel is raising new

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Speaker 1: questions about CEO Pat Gelsinger's turnaround plan, but he says

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Speaker 1: the company is still hitting key milestones.

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Speaker 5: We went to production with our first server part on

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Speaker 5: Intel three. The US is back to leadership process technology

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Speaker 5: being manufactured on our shores for the first time in

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Speaker 5: a decade. So some key milestones that I'll just say.

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Speaker 5: Everything is coming together as we would say, and we're

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Speaker 5: very optimistic that yes, in fact, we will deliver the

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Speaker 5: foundry business and the manufacturing capabilities as we've laid out

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Speaker 5: for the company, the industry, and the world.

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Speaker 1: Intel CEO Pat Gelsinger was on Bloomberg Radio and television.

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Speaker 1: He did not give a specific timetable on when the

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Speaker 1: foundry business could deliver results. Welcome to the two trillion

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Speaker 1: dollar Club. Friday's ten percent rally for stock in Google

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Speaker 1: owner Alphabet pushed that company's net worth over two trillion

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Speaker 1: for the first time on Friday. It follows last quarters

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Speaker 1: far stronger than forecast earnings, largely on the strength of

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Speaker 1: its Gemini AI platform. Alphabet joins AI chip maker Nvidia, Apple,

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Speaker 1: and Microsoft in the two trillion Club. Alphabet's earnings news,

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Speaker 1: as well as Microsoft's strong earnings report thanks to its

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Speaker 1: AI push, sparked a wired to wired tech rally on Friday.

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Speaker 1: The Nasdaq jumped two percent three hundred and sixteen. The

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Speaker 1: SMP was up one percent fifty two points in The

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Speaker 1: Dow rose one fifty four almost a half a percent,

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Speaker 1: wrapping up the best week for Wall Street this year.

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Speaker 1: And that's news when you wanted with Bloomberg news. Now

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Speaker 1: I'm at Kleggi, and this is Bloomberg