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

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Speaker 1: Doug Prisner. Its primary night in the States, AP is

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Speaker 1: projecting former Maryland Governor Larry Hogan has won the Republican

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Speaker 1: primary for the US Senate seat in Maryland. At the

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Speaker 1: same time, the executive of Prince George's county, Angela Also Brooks,

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Speaker 1: won the Democratic primary. The two are vying to win

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Speaker 1: the seat of the outgoing incumbent Democrat Ben Carden. Meantime,

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Speaker 1: West Virginia Governor Jim Justice has won the Republican primary

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Speaker 1: for that state Senate race. Republicans are expected to flip

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Speaker 1: this seat after Democratic incumbent Joe Manchin decided not to

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Speaker 1: seek reelection. President Biden unveiling sweeping tariffs today on a

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Speaker 1: range of Chinese imports. The aim here is to fortify

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Speaker 1: US manufacturing in critical industries.

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Speaker 2: Part trade deficit with China's down to the lowest level

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Speaker 2: over a decade. And we're standing up against Chinese government

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Speaker 2: unfair economic practice. Now, when you make tactics like they're

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Speaker 2: not competing, it's not companies as cheating. And we've seen

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Speaker 2: dammy chair in America.

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Speaker 1: That is President Biden speaking earlier at the White House today.

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Speaker 1: By the way, these new tariffs will target semiconductors, batteries,

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Speaker 1: solar cells, and critical minerals, the White House saying the

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Speaker 1: changes will effect around eighteen billion dollars worth of annual

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Speaker 1: imports and from the China side, Beijing blasted the move

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Speaker 1: and vowed to take its own action, the Ministry of

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Speaker 1: Commerce saying that China will take resolute measures to protect

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Speaker 1: its own rights and interest. Open Ai co founder and

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Speaker 1: chief scientist Iliya Siskovir is leaving the company. He made

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Speaker 1: an announcement earlier on x sitskov said he's moving on

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Speaker 1: to a new project, one he described as very personally meaningful.

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Speaker 1: His departure comes a day after OpenAI launched its new

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Speaker 1: GPT four to oh large language model. The company says

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Speaker 1: it's faster and cheaper than an earlier version. With trade

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Speaker 1: tensions building between in the US and China, both countries

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Speaker 1: stand to lose. That's the view of Citadel founder Ken Griffin.

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Speaker 1: He spoke earlier with Bloomberg at our Cutter Economic Forum

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Speaker 1: in Doha.

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Speaker 3: The Chinese, for example, our leaders in solar, their leaders

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Speaker 3: in eves, their leaders in a number of emerging technologies,

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Speaker 3: and a world which is more splintered. We'll see the

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Speaker 3: gains that the Chinese have achieved in these important areas

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Speaker 3: not shared by the Western countries. And conversely, the United

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Speaker 3: States is a clear leader in Ai along with a

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Speaker 3: number of the European countries, and those gains will not

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Speaker 3: be shared with China and the countries in its sphere

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Speaker 3: of influence.

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Speaker 1: That is Ken Griffin, the founder of Citadel. He went

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Speaker 1: on to say higher tariffs on certain Chinese industries are

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Speaker 1: a sign of an incoherent economic strategy from the Biden administration. Meantime,

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Speaker 1: Secretary of State Anthony Blinkinny is in Kiev in an

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Speaker 1: overt show of US support for Ukraine. This after the

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Speaker 1: long delayed pass message of billions of dollars in US

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Speaker 1: military aid.

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Speaker 4: I have come to Ukraine with a message, you are

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Speaker 4: not alone. The United States has been by your side

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Speaker 4: from day one. We are with you today and we

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Speaker 4: will stay by your side until Ukraine's security, its sovereignty,

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Speaker 4: its ability to choose us on path is guaranteed.

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Speaker 1: That is Anthony Blink and US Secretary of State. Ukrainian

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Speaker 1: President Vladimir Zelenski appealed to the US for air defense

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Speaker 1: batteries to shield its second largest city, Kharkiv. This as

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Speaker 1: Russia launched a large scale offensive in the northeastern region.

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Speaker 1: Days after the release of a scathing report detailing a

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Speaker 1: toxic workplace culture, the head of the FDIC has apologized again,

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Speaker 1: and he is now preparing to face lawmakers on Capitol

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Speaker 1: Hill on Wednesday. We have more from Bloomberg's Amy Morris

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Speaker 1: in Washington.

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Speaker 5: The report details a culture of widespread sexual harassment and

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Speaker 5: discrimination at the Fdicman Martin Gruenberg is vowing to overhaul

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Speaker 5: the agency's culture and is resisting calls to step down.

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Speaker 5: He's scheduled to appear before the House Financial Services Committee,

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Speaker 5: where he is expected to apologize again for the harassment

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Speaker 5: and abuse that employees endured and explain the changes that

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Speaker 5: he says he in his office are already making. Republicans

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Speaker 5: are demanding his resignation in light of the Biden administration's

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Speaker 5: zero tolerance policy for workplace bullying. In Washington, Amy Moore

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Speaker 5: as Bloomberg Radio.

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Speaker 1: And that is news when you want it with Bloomberg News. Now,

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Speaker 1: I'm Doug Chrisner, and this is Bloomberg