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Speaker 1: News when you wanted with Bloomberg News Now, I'm Brian Curtis.

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Speaker 1: In Hong Kong, US Commerce Secretary Gina Ramando says tough

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Speaker 1: US trade policy on China is working. She cites as

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Speaker 1: an example Huawei's latest smartphone. The Commerce Secretary says it

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Speaker 1: shows China remains behind in cutting edge chip technology. She

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Speaker 1: spoke with CBS is sixty minutes.

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Speaker 2: The export controls are working because that chip is not

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Speaker 2: nearly as good. It's years behind what we have in

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Speaker 2: the United States. We have the most sophisticated semiconductors in

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Speaker 2: the world. China doesn't. We've out innovated China.

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Speaker 1: Ramando has vowed to take the strongest possible actions to

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Speaker 1: protect US national security. TikTok is said to be ready

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Speaker 1: to remove a key executive responsible for convincing the US

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Speaker 1: the company is doing the right thing on American national security.

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Speaker 1: Bloomberg is reporting the company will lay off Eric Anderson,

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Speaker 1: the US based general council for TikTok and its owner

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Speaker 1: byt Dance. A TikTok spokesperson said the reports about Anderson's

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Speaker 1: removal are false. US House passed new sanctions on Iran's

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Speaker 1: oil sector. The sanctions are set to become part of

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Speaker 1: a foreign aid package, and they're expected to pass the

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Speaker 1: Senate within days. Tesla has cut prices across China, Europe

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Speaker 1: and the United States after disappointing sales contributed to swelling inventory.

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Speaker 1: Bloomberg Joan Wong has more from Hong Kong and China.

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Speaker 3: Tesla's Model three and Model Y both got price reductions

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Speaker 3: of about two thousand dollars. The two models also saw

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Speaker 3: price cuts in the US. Tesla also slashed the price

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Speaker 3: of the driver assistance software FSD by a third. The

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Speaker 3: price cuts came after the company reported its first year

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Speaker 3: on year sales drop since the early days of the

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Speaker 3: pandemic in China. Tesla's market share strength to around six

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Speaker 3: point seven percent in the fourth quarter of twenty twenty three.

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Speaker 3: Tesla stock is down more than forty percent this year.

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Speaker 3: Unconcerned about slumping sales in Hong Kong, Joan Wan Bloomberg Radio.

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Speaker 1: Ukraine President Vladimir Zelenski says new US support could give

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Speaker 1: Ukraine the boost it needs in its war against Russia.

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Speaker 1: Zelenski spoke through an interpreter on NBC's Meet the Press.

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Speaker 4: I think this support will really strengthen the armed forces

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Speaker 4: of Ukraine, and we will have a chance for victory

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Speaker 4: if Ukraine really gets the weapons system which we need

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Speaker 4: so much, which thousands of soldiers need so.

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Speaker 1: Much, Ukraine's President Vladimir Zelenski. In recent weeks, Kremlin forces

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Speaker 1: have been pressing their advantage in weaponry and manpower over Ukraine.

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Speaker 1: Zelenski said the AID will give Ukraine a chance to

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Speaker 1: take the initiative. Israeli Prime Minister Benjamin Ettanyahu has condemned

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Speaker 1: or reported U as planned to sanction an ultra Orthodox

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Speaker 1: army battalion. The sanction is tied to alleged human rights

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Speaker 1: abuse is in the West Bank. The move could fuel

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Speaker 1: tensions over Israel's war against Tomas in Gaza. The unit

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Speaker 1: has been accused of mistreating Palestinians. Former President Donald Trump

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Speaker 1: does not have much cash left to pay his legal bills.

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Speaker 1: Bloomberg's Dan Schwartzman has more.

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Speaker 5: According to campaign finance filings, Donald Trump spent four point

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Speaker 5: nine million dollars on legal fees in March, leaving the

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Speaker 5: former president with just six point eight million dollars left

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Speaker 5: in the accounts he uses to pay his lawyers. Trump

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Speaker 5: will have to find more money for his legal defense,

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Speaker 5: and could seek to raise the money from donors, pay

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Speaker 5: the lawyers of his own money, or ask the Republican

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Speaker 5: National Committee to cover the bills. So far, Trump has

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Speaker 5: paid around sixty two million dollars in legal fees since

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Speaker 5: January of last year using his Save America pack. President

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Speaker 5: Biden and the Democratic Party meanwhile have a war chest

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Speaker 5: of one hundred and ninety two million dollars that' swice

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Speaker 5: the size of Trump's Dan Schwartzman Bloomberg Radio.

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Speaker 1: The debris and wreckage removal process has been stepped up

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Speaker 1: in Baltimore to open the main shipping channel, Bloomberg's Amy Morris.

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Speaker 6: Maryland Governor Wes Moore revealed this week crews have removed

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Speaker 6: more than eleven hundred tons of steel from the wreckage site.

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Speaker 6: The US Army Corps of Engineers priorities include clearing the

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Speaker 6: Federal Channel, refloating and removing the cargo ship that slammed

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Speaker 6: into the bridge, and then clearing the remaining wreckage. Officials

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Speaker 6: have set a goal to fully reopen the port of Baltimore,

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Speaker 6: one of the busiest ports in the country, by the

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Speaker 6: end of May. In Washington, Amy Moore as Bloomberg Radio.

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Speaker 1: That's news when you want it. With Bloomberg News Now,

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Speaker 1: I'm Brayon Curtis. This is Bloomberg