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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. Pam Bondy is leaving her position as US

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Speaker 1: Attorney General today. In a post on truth Social President

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Speaker 1: Trump said, BONDI will transition to a new job in

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Speaker 1: the private sector. Deputy ag Todd Blanche will serve as

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Speaker 1: acting Attorney General, and we are told President Trump has

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Speaker 1: discussed nominating EPA administrator Lee Zelden as a successor. Here

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Speaker 1: is Matthew Seligman, founder of Greyhawk Law.

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Speaker 2: Well. I think it's telling that Lee Zelden's name is

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Speaker 2: being floated right now when Todd Blanche is the acting

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Speaker 2: Attorney General. He's been in the Department of Justice since

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Speaker 2: the beginning of this second term. He's served President Trump

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Speaker 2: in a private capacity during the criminal prosecutions a President Trump,

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Speaker 2: and yet the obvious choice perhaps is not being floated

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Speaker 2: as the next choice. The reason why I think that's

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Speaker 2: telling is because Todd Blanche, who is a very good lawyer,

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Speaker 2: is also not a TV personality. And something that we've

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Speaker 2: seen across President Trump's first and second term is that

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Speaker 2: what he once out of his cabinet officials is not

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Speaker 2: only the execution of his policies and his priorities, but

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Speaker 2: also a certain type of ability to present on TV

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Speaker 2: and before Congress.

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Speaker 1: As Matthew Seligman, founder of Greyhawk Law. Meantime, President Trump

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Speaker 1: is reportedly weighing more changes to members of his cabinet.

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Speaker 1: Politico reports Trump has expressed frustration and disappointment with Commerce

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Speaker 1: Secretary Howard Lutnik and Labor Secretary Lorie Chavez Derrimer. According

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Speaker 1: to Politico, Trump is very angry and he's going to

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Speaker 1: be moving people. The Trump administration is reshaping its tariff

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Speaker 1: policy on steel, aluminum, and copper. A tariff of fifty

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Speaker 1: percent will be maintained on many imported steel, aluminum and

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Speaker 1: copper products, and at the same time, goods made with

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Speaker 1: total steel, aluminum or copper content below fifteen percent will

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Speaker 1: effectively be exempted, and some other derivative goods will be

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Speaker 1: subject to a lower twenty five percent rate if they

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Speaker 1: are deemed to be substantially made of one of those medals.

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Speaker 1: Here is Henrietta trays of Veda Partners.

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Speaker 3: The President is being sued by hundreds of companies for

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Speaker 3: the changes that he made to steal an aluminum terraff,

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Speaker 3: impacting downstream derivatives since last year. And it's because he

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Speaker 3: violated the Administrative Procedures Act, which is, he provided an

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Speaker 3: undue burden to so many companies with the constant changing

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Speaker 3: of tariffs that they sued him for and they were

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Speaker 3: potentially going to win that lawsuit. And that's why the

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Speaker 3: USDR is coming out and commerce coming out with a

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Speaker 3: blanket understanding of where the tireff rates are going to be.

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Speaker 1: That is Henrietta Trays of Veda partners. Now. At the

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Speaker 1: same time, the Trump administration will impose tariffs on certain

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Speaker 1: imported medicines with rates of as much as one hundred

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Speaker 1: percent to pressure drug makers to manufacture more in the US.

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Speaker 1: President Trump issued fresh threats today on Iranian infrastructure in

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Speaker 1: a bid to pressure to i ran in negotiations. In

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Speaker 1: a post on truth Social Trump said the biggest bridge

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Speaker 1: in Iran was destroyed by airstrikes. Now. Trump's comments and

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Speaker 1: the continued strikes on Iran are complicating efforts by the

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Speaker 1: US and partners to broker a deal with the Islamic

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Speaker 1: Republic that will include reopening the Strait of horm Moves. Meantime,

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Speaker 1: the UK convened more than forty US allies to discuss

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Speaker 1: plans to reopen the Strait. International allies are threatening Iran

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Speaker 1: with more sanctions if it does not agree to unblock

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Speaker 1: this critical shipping lane. Here is British Foreign Secretary of

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Speaker 1: at Cooper.

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Speaker 4: Now that we are facing these reckless Iranian attacks on

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Speaker 4: international shipping, affecting countries from across the globe who played

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Speaker 4: no part in this conflict, and more than forty countries

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Speaker 4: coming together for these discussions today, we're clear that we

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Speaker 4: need the diplomatic pressure, the economic pressure, and also the

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Speaker 4: work that's being done separately by military planners on how

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Speaker 4: to keep shipping safe for the long term when the

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Speaker 4: conflict conclude.

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Speaker 1: That is British Foreign Secretary of at Cooper. Meantime, three

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Speaker 1: oil tankers broadcasting Omani ownership appeared to enter the straight

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Speaker 1: of hoorm Moace by hugging the coastline of their home country. Meantime,

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Speaker 1: Iran is reportedly drafting a protocol with Oman to monitor

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Speaker 1: traffic through the Strait. Iran's deputy foreign minister told Russian

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Speaker 1: state media that shippers would be required to pay tolls

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Speaker 1: to the Islamic Republic. SpaceX has boosted its target IPO

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Speaker 1: valuation above two trillion dollars. The world's most valuable startup

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Speaker 1: is gearing up to pitch investors in potentially the biggest

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Speaker 1: ever market debut. We are told the company and its

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Speaker 1: advisors are floating the two trillion dollar figure to prospective

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Speaker 1: investors ahead of meetings in the coming weeks. Now, Bloomberg

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Speaker 1: News has already reported that SpaceX filed confidentially for an

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Speaker 1: IPO that could take place in June. President Trump's new

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Speaker 1: White House ballroom has received final design approval from a

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Speaker 1: key commission. More from Bloomberg's Ammy Morrison, Washington.

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Speaker 5: The approval comes after a federal judge ordered a halt

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Speaker 5: construction unless Congress approves the project. A spokesperson for the

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Speaker 5: National Capital Planning Commission, which Trump has packed with allies,

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Speaker 5: says the judge's ruling affects construction activities, not planning. Still,

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Speaker 5: the judge's ruling and the legal fight over the ballroom

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Speaker 5: could stall progress on the project that Trump once completed

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Speaker 5: before his term ends in early twenty twenty nine. The

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Speaker 5: ballroom is estimated to cost four hundred million dollars and

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Speaker 5: has faced opposition and legal challenges in Washington. Amy Morris,

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Speaker 5: Bloomberg Radio.

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Speaker 1: The US Environmental Protection Agency has proposed adding microplastics and

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Speaker 1: pharmaceuticals to its list of drinking water contaminants. Now this

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Speaker 1: could lead to regulations of those compounds. Thepa's announcement begins

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Speaker 1: a process to consult with scientists. It also opens a

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Speaker 1: public comment period. The regulatory process would likely take several years.

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Speaker 1: Here is Health Secretary Robert F. Kennedy Junior.

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Speaker 2: This is not a rare exposure. This baseline, we are

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Speaker 2: not dealing with a distant or theoretical risk. We are

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Speaker 2: dealing with a measurable and growing presence inside the human body.

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Speaker 1: The Trump administration touted the moon as a win for

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Speaker 1: the Make America Healthy Again movement. And that is news

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

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Speaker 1: and this is Bloombery