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Speaker 1: News when you wanted With Bloomberg News Now, i'md Kaleggi.

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Speaker 1: US President Joe Biden and French President Immanuel Macrone agreed

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Speaker 1: on the need to better cooperate to counter China's economic practices,

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Speaker 1: a topic that has sometimes caused friction between the two leaders.

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Speaker 1: Macron hosted Biden on Saturday in Paris for a state

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Speaker 1: visit where they discussed steps the US and Europe could

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Speaker 1: take to make their economies more resilient against Chinese imports.

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Speaker 1: Macron told reporters, quote, we voiced the same concerns about

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Speaker 1: China's potentially unfair practices which result in the creation of overcapacity,

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Speaker 1: a subject of such importance to the global economy that

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Speaker 1: we need to act in a coordinated manner.

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Speaker 2: Quote.

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Speaker 1: Canadian tycoon Frank Stronik has been charged with rape and

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Speaker 1: other offenses in a sexual assault investigation. We get more

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Speaker 1: from Bloomberg's Denise Pellegrini.

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Speaker 2: The ninety one year old founder of Autoparts John Magna,

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Speaker 2: has been charged with rape, indecent assault on a female,

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Speaker 2: two counts of sexual assault and forcible confinement. According to

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Speaker 2: Ontario Police, Stronik has been released with conditions and will

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Speaker 2: appear at the Ontario Court of Justice at a later date.

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Speaker 2: Police are appealing to the public for further information. Brian Greenspan,

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Speaker 2: prominent criminal defense lawyer representing Stronik, saying that his client

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Speaker 2: categorically denies the allegations of impropriety which have been brought

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Speaker 2: against him and looks forward to the opportunity to fully

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Speaker 2: respond to the charges and maintain his legacy as a

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Speaker 2: philanthropist and as an icon of the Canadian business community.

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Speaker 2: The Stronik group says the businessman has not held a

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Speaker 2: formal role or been involved with the company operations in

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Speaker 2: any capacity for several years. Denise Pelgriny Bloomberg Radio.

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Speaker 1: The Israeli military freed four hostages held by Hamas and

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Speaker 1: Gaza on Saturday, part of a major assault on the

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Speaker 1: central city of Nuserat at least two hundred and ten Palestinians,

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Speaker 1: including children, were killed in heavy fighting. This according to

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Speaker 1: the Hamas run government media office. The rescued hostages, a

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Speaker 1: woman and three men, were in good health and had

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Speaker 1: been transferred to an Israeli hospital for further check. The

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Speaker 1: US military is hoping to ramp up aid deliveries into

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Speaker 1: Gaza now that a temporary peer is back in service.

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Speaker 1: Bloomberg's Nathan Hager has more from Washington.

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Speaker 3: The Peer was damaged in rough seas late last month,

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Speaker 3: but in a post on x US Central Command says

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Speaker 3: the structure has been re established and now the military

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Speaker 3: hopes to raise the volume of aid deliveries into Gaza

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Speaker 3: to about two hundred and fifty tons a day. President

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Speaker 3: Biden ordered construction of the ramp in March as land

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Speaker 3: crossings into the territory grew more constrained. Almost all the

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Speaker 3: aid that has arrived in Gaza since the war began

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Speaker 3: has been intercepted by crowds before reaching its intended destination

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Speaker 3: in Washington. I'm Nathan Hager. Bloomberg Radio.

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Speaker 1: Game Stop shares tumbled further on Friday, down another thirty

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Speaker 1: nine percent. We get the story from Bloomberg's Charlie Pellett.

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Speaker 4: That was after the highly anticipated return of Keith Gil

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Speaker 4: to YouTube, as well as the video game retailer on

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Speaker 4: a respectedly releasing earnings and announcing plans to sell up

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Speaker 4: to seventy five million additional shares. The stock plunged following

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Speaker 4: Gill's appearance on the Roaring Kiddy stream, where he reiterated

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Speaker 4: his views on the stock and confirmed that the massive

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Speaker 4: positions posted on his read of account are his. In

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Speaker 4: New York, Charlie Pellett Bloomberg Radio.

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Speaker 1: The irs is giving people impacted by a trained derailment

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Speaker 1: in Ohio a tax break. Bloomberg's Amy Morris reports.

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Speaker 5: Most people who received money from Norfolk Southern in the

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Speaker 5: wake of last year's fiery train derailment in eastern Ohio

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Speaker 5: won't have to pay taxes on those eight payments, after all,

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Speaker 5: The Internal Revenue Service announced this past week it decided

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Speaker 5: most of the more than twenty one million dollars that

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Speaker 5: people who lived near East Palestine, Ohio, received to help

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Speaker 5: them pay for temporary housing or replace their belongings is

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Speaker 5: not taxable. The fact that residents were told they had

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Speaker 5: to pay taxes on that money from the railroad was

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Speaker 5: a sore spot for those who are still struggling to

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Speaker 5: recover from that derailment. Amy Moore as Bloomberg Radio, and.

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Speaker 1: That's news when you want it with Bloomberg News. Now,

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Speaker 1: I made Caleggy and this is Bloomberg