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

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Speaker 1: Dan Schwartzman. President Trump said Monday that India has offered

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Speaker 1: to eliminate its tariffs in response to new US trade penalties.

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Speaker 1: It comes days after the White House impost putative fifty

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Speaker 1: percent levees on Indian goods. Trump blasted New Delhi's past

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Speaker 1: trade practices and criticized its ongoing purchases of Russian oil.

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Speaker 1: We get reaction from Manaj Kuwal Ramani, fellow at the

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Speaker 1: tak Shashila Institution.

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Speaker 2: There is decades and decades of US diplomacy which has

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Speaker 2: succeeded in working with India and building shared convergences, and

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Speaker 2: I think there needs to be lessons taken from that.

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Speaker 3: This rough shot approach is not going to yield dividends.

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Speaker 1: Manaj Kowal Ramani of the tak Shashila Institution. Neither the

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Speaker 1: White House nor Indian officials have confirmed any new trade discussions. Meantime,

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Speaker 1: sources tell Bloomberg that Brazil's president is convening a virtual

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Speaker 1: meeting of Bricks leaders next Monday to discuss President Trump's

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Speaker 1: trade policy. Another leadership shake up at the world's largest

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Speaker 1: food company. More details from Bloomberg's area. Herskowitz.

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Speaker 4: Nesley has named Philip Navertild it's new CEO after the

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Speaker 4: company fired Laurent Frex, who was just a year into

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Speaker 4: the job. Frex was dismissed after an investigation showed he

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Speaker 4: was carrying on an undisclosed romantic relationship with a direct subordinate.

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Speaker 4: The abrupt change adds to the turbulence at Nesley's Healm

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Speaker 4: Frex took over after the surprise houster of Mark Schneider,

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Speaker 4: who was led go due to a sluggish performance during

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Speaker 4: his nearly eight year tenure. Naverteld was previously senior vice

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Speaker 4: president and head of the coffee strategic business unit Erka

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Speaker 4: Herskowitz Bloomberg Radio.

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Speaker 1: The New York Times is reporting Democratic Congressman Gerald Nadler

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Speaker 1: of New York will not seek reelection next year. Nadler

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Speaker 1: told The Times that his party in the country were

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Speaker 1: in the midst of a generational change and it was

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Speaker 1: time for nt except that reality. Nadler is currently serving

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Speaker 1: his seventeenth term in Congress. He was chairman of the

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Speaker 1: House Judiciary Committee from twenty nineteen to twenty twenty three,

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Speaker 1: then served as ranking member on the panel. After Republican's

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Speaker 1: one House leadership. He stepped down from the role late

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Speaker 1: last year. President Trump announcing Monday that he would award

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Speaker 1: former New York City Mayor Rudy Giuliani the Presidential Medal

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Speaker 1: of Freedom. The news comes as Juliani is recovering from

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Speaker 1: a fractured vertebrae and other injuries following a car crash

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Speaker 1: in New Hampshire. A spokesperson for the former mayor says

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Speaker 1: he got hit from behind on a highway Saturday night.

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Speaker 1: The eighty one year old had to be rushed to

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Speaker 1: a trauma center, but has since been released and is

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Speaker 1: said to be in quote good spirits. Open AI is

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Speaker 1: eyeing India for a new one gigawat data center as

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Speaker 1: part of its global stargate build out. Despite rising trade

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Speaker 1: tensions between Washington and New Delhi. Backed by investors like

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Speaker 1: Oracle and SoftBank, the AI giant is expanding in key

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Speaker 1: markets that haven't been hit by chip export controls. More

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Speaker 1: from Bloomberg's Tom mackenzie in London, they're.

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Speaker 3: Looking for those local partners. They've seen significant growth in

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Speaker 3: the Indian market, and of course this bills out as

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Speaker 3: I mentioned that brought a stargate push for open AI.

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Speaker 3: They're committing about five hundred billion dollars alongside soft Bank

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Speaker 3: and Oracle in the US market to build outtentsch up

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Speaker 3: to four and a half gigawatts. They've got agreements that

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Speaker 3: are on the way in the UAE. I'm parts of

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Speaker 3: the Middle East to build out data center that now.

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Speaker 1: India isn't focus at Bloomberg's Tom McKenzie reporting. While OpenAI

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Speaker 1: hasn't confirmed, the project, CEO Sam Altman may announce the

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Speaker 1: move during a visit to India later this month. As

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Speaker 1: we get closer to September's Federal Reserve meeting, San Francisco

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Speaker 1: FED President Mary Daily has suggested policymakers will be ready

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Speaker 1: to lower interest rates soon. More from Bloomberg's Charlie Pellett.

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Speaker 2: Her comments came in a brief social media post shared

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Speaker 2: by the San Francisco Fed. She added that inflations stemming

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Speaker 2: from tariffs will likely prove temporary, saying it will soon

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Speaker 2: be time to recalibrate policy to better match our economy.

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Speaker 2: Daily says tariff related price increases quote will be a

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Speaker 2: one off. Our comments echo those from FED Shair J. Powell,

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Speaker 2: who recently opened the door to an interest rate cut

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Speaker 2: as soon as the fed's next policy meeting in New

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Speaker 2: York Charlie Pellett's Bloomberg Radio.

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Speaker 1: More than eight hundred people are dead and nearly three

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Speaker 1: thousand were eight injured after a powerful earthquake shook Jella

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Speaker 1: about in eastern Afghanistan. Both numbers are expected to rise

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Speaker 1: as search and rescue efforts continue after shocks have also

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Speaker 1: forced many people from their homes. Trong jolts were also

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Speaker 1: felt in various parts of Pakistan, including Islamabad. The six

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Speaker 1: point zero magnitude earthquake is considered the deadliest disaster in

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Speaker 1: the region since twenty twenty three. American Amanda Nissimova advances

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Speaker 1: to the quarterfinals of the us Opia with a dominating

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Speaker 1: trade set swin over Beatrice Hadad Maya as this top

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Speaker 1: Seedyoni center in two cd ys Shiatek earlier Naomiosaka upset

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Speaker 1: Coco goff In trade sets to reach her first Grand

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Speaker 1: Sam quarterfinal in more than four and a half years.

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Speaker 1: And that's news when you want it with Bloomberg News now,

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Speaker 1: Dan Schwartzman, and this is Bloomberg