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

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Speaker 1: made Kleggy. President Trump is expected to sign a proclamation

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Speaker 1: that would move to extensively overhaul the H ONEB visa program,

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Speaker 1: requiring a one hundred thousand dollars fee for applications in

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Speaker 1: a bid to curb overuse. This according to a White

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Speaker 1: House official familiar with the matter, the proclamation requires the

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Speaker 1: payment and asserts that abuse of the H one B

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Speaker 1: pathway has displaced US workers. The proclamation restricts entry under

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Speaker 1: the H one B program unless accompanied by the payments.

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Speaker 1: President Trump said that the US had carried out a

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Speaker 1: strike in a drug trafficking vessel in international waters, killing

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Speaker 1: three people on board, part of a campaign against cartels

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Speaker 1: that have escalated tensions with Venezuela and some other Latin

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Speaker 1: American nations. It was unclear from Trump's post when the

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Speaker 1: attack had been carried out, or if he was providing

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Speaker 1: more details than a previously announced strike. Trump has detailed

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Speaker 1: two such strikes before and earlier this week, and he

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Speaker 1: said that that the US had knocked off a third

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Speaker 1: drug vote from Venezuela, but did not provide additional information

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Speaker 1: on that strike. A federal prosecutor in Virginia, whose months

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Speaker 1: long mortgage fraud investigation into New York Attorney General Leticius

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Speaker 1: James has not resulted in criminal charges, as resigning under

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Speaker 1: pressure from the Trump administration. Two people familiar with the

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Speaker 1: matter told the Associated Press this Friday, Eric Seabert is

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Speaker 1: being replaced as US Attorney for the Eastern District of

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Speaker 1: Virginia office a man a push by Trump administration officials

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Speaker 1: to indict James, a perceived adversary of the President who

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Speaker 1: has successfully suited him for fraud. The people who confirmed

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Speaker 1: his plans to resign spoken the condition of aditivity because

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Speaker 1: they were not authorized to discuss the matter. Members of

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Speaker 1: a federal advisory penal hand selected by Health Secretary Robert F.

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Speaker 1: Kennedy Junior, voted to and the universal recommendation that people

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Speaker 1: of all ages get COVID shots, meaning Americans have to

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Speaker 1: confer with a medical professional before getting a vaccine. COVID

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Speaker 1: shots have been in the crosshair since Kennedy, a vaccine critic,

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Speaker 1: was named Health Secretary. Earlier this year, the Health Secretary

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Speaker 1: unilaterally removed the COVID shot from the list of recommended

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Speaker 1: vaccines for healthy children and pregnant women. Anagomez, the Loan

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Speaker 1: Democrat on the US Federal Communications Commission, said President Trump

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Speaker 1: would not legally be able to make good on threats

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Speaker 1: to pull TV station licenses over content he doesn't like.

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Speaker 2: What we are seeing is this administration use whatever levers

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Speaker 2: of power it has in order to bring broadcasters to

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Speaker 2: heal and the news media.

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Speaker 1: They have sued The.

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Speaker 2: New York Times, they have sued the Wall Street Journal,

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Speaker 2: They have gone after ABCNBCCBS, and they are pressuring companies

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Speaker 2: to change how they report the news and what their

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Speaker 2: content is, in direct violation of the First Amendment, which

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Speaker 2: guarantees a freedom of speech.

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Speaker 1: As the United Nations prepares for the annual arrival of

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Speaker 1: World leaders, Secretary General Antonio Guterrez said the UN itself

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Speaker 1: will cope as an organization from reduced United States contributions,

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Speaker 1: but its role as the world's largest distributor of humanitarian

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Speaker 1: assistance will be curtailed.

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Speaker 3: People impacted by the cuts suffer less food distributed, less

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Speaker 3: vaccines distributed, less HIVHS treatment distributed. The impact is not

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Speaker 3: in the UN. The impact is in those that benefit

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Speaker 3: from the action of our humanitarian and development agencies.

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Speaker 1: Oracle is in discussions with Meta Platforms for a cloud

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Speaker 1: computing deal worth about twenty billion dollars, providing further evidence

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Speaker 1: that the company has become a significant infrastructure provider. Under

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Speaker 1: the multi year deal, Oracle would provide the social media

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Speaker 1: giant with computing power for training and deploying artificial intelligence models.

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Speaker 1: The total commitment amount may increase, and other deal terms

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Speaker 1: could still change before a final agreement. Wall Street closed

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Speaker 1: out a federal reserve decision week with stocks notching fresh records.

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Speaker 1: We get that story from Bloomberg's Charlie Pellett.

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Speaker 3: Three up weeks in a row for the S and

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Speaker 3: P five hundred index, this week up by one point

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Speaker 3: two percent. The Dow gained one percent, while NASDAK this

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Speaker 3: week was up two point two percent. A down friday

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Speaker 3: for the Russell two thousand indecks of small cap shares

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Speaker 3: a day after closing it a record for the first

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Speaker 3: time since twenty twenty one. US stocks aren't trading at

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Speaker 3: record levels, with earning season right around the corner and

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Speaker 3: improving expectations for Corporate America's profit growth, indicating that the

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Speaker 3: rally can keep going. In New York, Charlie Pellet Bloomberg Radio.

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Speaker 1: Elon Musk says in a post on x that Xai

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Speaker 1: is not raising any capital right now. This follows reports

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Speaker 1: that the company had raised ten billion dollars at a

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Speaker 1: two hundred billion dollar valuation. The Friday numbers on Wall Street,

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Speaker 1: the Dow gained one seventy two, Nasdaq was up one sixty.

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Speaker 1: The s and P added thirty two. The tenure treasury

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Speaker 1: yields at four point one three percent, the two year

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Speaker 1: at three point five seven percent. That's news when you

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Speaker 1: want it with Bloomberg News. Now, I made Kleggy. This

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Speaker 1: is Bloomberg