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

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Speaker 1: mid Kalki. Ukrainian President Vladimir Zelenski says Kief won't seed

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Speaker 1: territory to bring an end to war. As European and

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Speaker 1: American security advisors met in the UK in advance of

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Speaker 1: a key US Russia summit, President Trump announced Friday that

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Speaker 1: he'll meet Russian President Vladimir Putin in Alaska Friday, August fifteenth,

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Speaker 1: with the apparent exclusion of Zelenski from talks aimed at

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Speaker 1: ending Russia's invasion of its neighbor. Now halfway through a

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Speaker 1: fourth year, Federal Reserve Governor Michelle Bowman delivered two key

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Speaker 1: pieces of news on Saturday, announcing she will host an

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Speaker 1: October ninth Community Bank Conference and favors three interest rate

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Speaker 1: cuts this year. Bowman, the Fed's top bank cop, said

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Speaker 1: the Community Bank conference will look at potential reforms to

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Speaker 1: the capital framework for those lenders. She has previously expressed

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Speaker 1: concerns about the competitive landscape for community banks, which have

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Speaker 1: long been losing market share to bigger lenders. President Trump

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Speaker 1: says he will hold a press for It's Monday at

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Speaker 1: the White House to address violent crime in Washington. DC

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Speaker 1: and Bloomberg's Hadriana loewen Kron says, one important thing to

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Speaker 1: note is.

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Speaker 2: The seeing that violent crime. This was data that came

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Speaker 2: out early in January, so looking at twenty twenty four

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Speaker 2: is at a thirty year low, but it does come after,

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Speaker 2: you know, there have been kind of a handful of

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Speaker 2: incidents that the president has really used to, you know,

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Speaker 2: make this claim that the nation's capital is you know,

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Speaker 2: written with crime.

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Speaker 1: And loewen Kron says those recent incidents include one where

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Speaker 1: a prominent former member of the president's doge team was attacked.

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Speaker 3: Copies flushed down.

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Speaker 1: An international crew of four astronauts is back home on

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Speaker 1: Earth Saturday after nearly five months aboard the International Space Station,

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Speaker 1: returning safely in a space X capsule. The spacecraft, carrying

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Speaker 1: US astronauts and McLean and Nicole A, Japan's taikuya Onishi

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Speaker 1: and Russian cosmonaut Kiri le Peskov, splashed down off California's

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Speaker 1: coast at eight forty four local time Saturday morning. Their

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Speaker 1: return marks the end of the tenth crew rotation mission

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Speaker 1: to the space station under NASA's Commercial Crew program, which

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Speaker 1: was created to succeed the Space shuttle error by partnering

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Speaker 1: with private industry. Bo Hines, the head of the White

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Speaker 1: House Presidential Council of Advisors for Digital Assets, says he's

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Speaker 1: stepping down and returning to the private sector. Heinz called

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Speaker 1: his role the honor of a lifetime in a post

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Speaker 1: on X and added, I love this community and all

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Speaker 1: we've built together. Heines, an ex college football player who

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Speaker 1: twice ran unsuccessfully for Congress from North Carolina, echoed President

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Speaker 1: Trump's false claims that he won the twenty twenty election,

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Speaker 1: which earned him attention from the President. VINAI. Prossad is

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Speaker 1: returning to his role at the US Food and Drug Administration.

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Speaker 1: Bloomberg's Denise Peligrini reports. The Department of Health and Human

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Speaker 1: Services says Prossad will resume leadership of the Center for

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Speaker 1: Biologic Evaluation and Research.

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Speaker 3: Prasad departed really suddenly last month after backlash from Trump

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Speaker 3: Allied Laura Lumer and others over his handling of safety

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Speaker 3: issues on syrepti therapeutics gene therapy, and the FDA Commissioner

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Speaker 3: had been trying to get them to come back. Prasad

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Speaker 3: was also Chief Science Officer and Chief Medical Officer, but

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Speaker 3: it's not clear at this point if he'll be getting

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Speaker 3: those other roles back.

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Speaker 1: Bloomberg's Denise Pellegrini reporting a major battle could be growing

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Speaker 1: between crypto firms and traditional banks now the new legislation

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Speaker 1: for stable coins is in effect. Bloomberg's Nathan Hager is

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Speaker 1: following this well.

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Speaker 4: The Genius Act requires stable coin issuers to register, and

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Speaker 4: it's set off a rule writing process to decide how

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Speaker 4: far these companies can go in acting like traditional banks.

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Speaker 4: Firms like Circle and Ripple Labs have already applied for

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Speaker 4: National Trust Bank charters. Trade groups say the Treasury Department

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Speaker 4: shouldn't have let them without public comment first.

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Speaker 1: As for the crypto firms, the charters would give them

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Speaker 1: more legitimacy and keep them from having to apply for

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Speaker 1: licenses state by state. The Washington Post reports the IRS

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Speaker 1: clashed with the White House over using tax data to

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Speaker 1: help locate suspected undocumented immigrants hours before Trump administration officials

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Speaker 1: forced IRS Commissioner Billy Long from his post on Friday.

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Speaker 1: The Department of Homeland Security sent the IRS a list

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Speaker 1: Thursday of forty thousand names of people DHS officials thought

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Speaker 1: were in the country illegally. And asked the IRS to

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Speaker 1: use confidential taxpayer data to verify their addresses. By using

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Speaker 1: tariffs as a foreign policy tool, the US president is

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Speaker 1: legitimizing China's own acts of economic coercion. Trump's bullying of

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Speaker 1: India is straight from She's playbook. You can read all

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Speaker 1: about it in Bloomberg's weekend edition, exploring the places where finance,

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Speaker 1: life and culture meet. Find it now on Bloomberg dot

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Speaker 1: Com and the Bloomberg Business app. That's news when you

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Speaker 1: want it with Bloomberg News Now. I'm in Kalengi. This

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Speaker 1: is Bloomberg