Speaker 1: News when you want it with Bloomberg News Now, I'm
Speaker 1: Doug Prisner. Pam Bondy is leaving her position as US
Speaker 1: Attorney General today. In a post on truth Social President
Speaker 1: Trump said, BONDI will transition to a new job in
Speaker 1: the private sector. Deputy ag Todd Blanche will serve as
Speaker 1: acting Attorney General, and we are told President Trump has
Speaker 1: discussed nominating EPA administrator Lee Zelden as a successor. Here
Speaker 1: is Matthew Seligman, founder of Greyhawk Law.
Speaker 2: Well. I think it's telling that Lee Zelden's name is
Speaker 2: being floated right now when Todd Blanche is the acting
Speaker 2: Attorney General. He's been in the Department of Justice since
Speaker 2: the beginning of this second term. He's served President Trump
Speaker 2: in a private capacity during the criminal prosecutions a President Trump,
Speaker 2: and yet the obvious choice perhaps is not being floated
Speaker 2: as the next choice. The reason why I think that's
Speaker 2: telling is because Todd Blanche, who is a very good lawyer,
Speaker 2: is also not a TV personality. And something that we've
Speaker 2: seen across President Trump's first and second term is that
Speaker 2: what he once out of his cabinet officials is not
Speaker 2: only the execution of his policies and his priorities, but
Speaker 2: also a certain type of ability to present on TV
Speaker 2: and before Congress.
Speaker 1: As Matthew Seligman, founder of Greyhawk Law. Meantime, President Trump
Speaker 1: is reportedly weighing more changes to members of his cabinet.
Speaker 1: Politico reports Trump has expressed frustration and disappointment with Commerce
Speaker 1: Secretary Howard Lutnik and Labor Secretary Lorie Chavez Derrimer. According
Speaker 1: to Politico, Trump is very angry and he's going to
Speaker 1: be moving people. The Trump administration is reshaping its tariff
Speaker 1: policy on steel, aluminum, and copper. A tariff of fifty
Speaker 1: percent will be maintained on many imported steel, aluminum and
Speaker 1: copper products, and at the same time, goods made with
Speaker 1: total steel, aluminum or copper content below fifteen percent will
Speaker 1: effectively be exempted, and some other derivative goods will be
Speaker 1: subject to a lower twenty five percent rate if they
Speaker 1: are deemed to be substantially made of one of those medals.
Speaker 1: Here is Henrietta trays of Veda Partners.
Speaker 3: The President is being sued by hundreds of companies for
Speaker 3: the changes that he made to steal an aluminum terraff,
Speaker 3: impacting downstream derivatives since last year. And it's because he
Speaker 3: violated the Administrative Procedures Act, which is, he provided an
Speaker 3: undue burden to so many companies with the constant changing
Speaker 3: of tariffs that they sued him for and they were
Speaker 3: potentially going to win that lawsuit. And that's why the
Speaker 3: USDR is coming out and commerce coming out with a
Speaker 3: blanket understanding of where the tireff rates are going to be.
Speaker 1: That is Henrietta Trays of Veda partners. Now. At the
Speaker 1: same time, the Trump administration will impose tariffs on certain
Speaker 1: imported medicines with rates of as much as one hundred
Speaker 1: percent to pressure drug makers to manufacture more in the US.
Speaker 1: President Trump issued fresh threats today on Iranian infrastructure in
Speaker 1: a bid to pressure to i ran in negotiations. In
Speaker 1: a post on truth Social Trump said the biggest bridge
Speaker 1: in Iran was destroyed by airstrikes. Now. Trump's comments and
Speaker 1: the continued strikes on Iran are complicating efforts by the
Speaker 1: US and partners to broker a deal with the Islamic
Speaker 1: Republic that will include reopening the Strait of horm Moves. Meantime,
Speaker 1: the UK convened more than forty US allies to discuss
Speaker 1: plans to reopen the Strait. International allies are threatening Iran
Speaker 1: with more sanctions if it does not agree to unblock
Speaker 1: this critical shipping lane. Here is British Foreign Secretary of
Speaker 1: at Cooper.
Speaker 4: Now that we are facing these reckless Iranian attacks on
Speaker 4: international shipping, affecting countries from across the globe who played
Speaker 4: no part in this conflict, and more than forty countries
Speaker 4: coming together for these discussions today, we're clear that we
Speaker 4: need the diplomatic pressure, the economic pressure, and also the
Speaker 4: work that's being done separately by military planners on how
Speaker 4: to keep shipping safe for the long term when the
Speaker 4: conflict conclude.
Speaker 1: That is British Foreign Secretary of at Cooper. Meantime, three
Speaker 1: oil tankers broadcasting Omani ownership appeared to enter the straight
Speaker 1: of hoorm Moace by hugging the coastline of their home country. Meantime,
Speaker 1: Iran is reportedly drafting a protocol with Oman to monitor
Speaker 1: traffic through the Strait. Iran's deputy foreign minister told Russian
Speaker 1: state media that shippers would be required to pay tolls
Speaker 1: to the Islamic Republic. SpaceX has boosted its target IPO
Speaker 1: valuation above two trillion dollars. The world's most valuable startup
Speaker 1: is gearing up to pitch investors in potentially the biggest
Speaker 1: ever market debut. We are told the company and its
Speaker 1: advisors are floating the two trillion dollar figure to prospective
Speaker 1: investors ahead of meetings in the coming weeks. Now, Bloomberg
Speaker 1: News has already reported that SpaceX filed confidentially for an
Speaker 1: IPO that could take place in June. President Trump's new
Speaker 1: White House ballroom has received final design approval from a
Speaker 1: key commission. More from Bloomberg's Ammy Morrison, Washington.
Speaker 5: The approval comes after a federal judge ordered a halt
Speaker 5: construction unless Congress approves the project. A spokesperson for the
Speaker 5: National Capital Planning Commission, which Trump has packed with allies,
Speaker 5: says the judge's ruling affects construction activities, not planning. Still,
Speaker 5: the judge's ruling and the legal fight over the ballroom
Speaker 5: could stall progress on the project that Trump once completed
Speaker 5: before his term ends in early twenty twenty nine. The
Speaker 5: ballroom is estimated to cost four hundred million dollars and
Speaker 5: has faced opposition and legal challenges in Washington. Amy Morris,
Speaker 5: Bloomberg Radio.
Speaker 1: The US Environmental Protection Agency has proposed adding microplastics and
Speaker 1: pharmaceuticals to its list of drinking water contaminants. Now this
Speaker 1: could lead to regulations of those compounds. Thepa's announcement begins
Speaker 1: a process to consult with scientists. It also opens a
Speaker 1: public comment period. The regulatory process would likely take several years.
Speaker 1: Here is Health Secretary Robert F. Kennedy Junior.
Speaker 2: This is not a rare exposure. This baseline, we are
Speaker 2: not dealing with a distant or theoretical risk. We are
Speaker 2: dealing with a measurable and growing presence inside the human body.
Speaker 1: The Trump administration touted the moon as a win for
Speaker 1: the Make America Healthy Again movement. And that is news
Speaker 1: when you want it with Bloomberg News. Now, I'm Doug Prisner,
Speaker 1: and this is Bloombery