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Speaker 1: News when you wanted With Bloomberg News Now, I'm Brian

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Speaker 1: Curtis in Hong Kong. In a breaking story, Byte Dance

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Speaker 1: is said to be working with Broadcom on developing an

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Speaker 1: advanced AI processor. This is a report from reuter Is,

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Speaker 1: citing two people familiar with the matter. The five nanimeters

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Speaker 1: ship would be compliant with US export restrictions. Manufacturing work

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Speaker 1: would be outsourced to TSMC. China and the European Union

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Speaker 1: have agreed to start talks on EV tariffs. Bloomberg's Minminlow

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Speaker 1: has more from Hong Kong.

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Speaker 2: The two sides have agreed to talk, but there is

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Speaker 2: no timetable. Chinese comments Minister one Win Tao and EU

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Speaker 2: Trade Commission of Voudiz Dambrovski's spoke over the weekend in

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Speaker 2: a video conference. The talks would focus on the EU's

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Speaker 2: plan to impose tariffs on Chinese EV exports to Europe.

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Speaker 1: Bloomberg's Minmin Loow meantime, FED speak and the Fed's preferred

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Speaker 1: Price gauge highlight this week's economic calendar. Bloomberg's Karen Moscow

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Speaker 1: has more.

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Speaker 3: Well here from a number of Federal Reserve officials in

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Speaker 3: the coming week, including San Francisco's Mary Daily, Fed Governors

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Speaker 3: Lisa Cook and Michelle Bowman, and Richmond's Thomas Barkin. We

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Speaker 3: get a look at consumer confidence on Tuesday. New home

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Speaker 3: sales are out on Wednesday. Thursday, it's durable goods orders

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Speaker 3: and another look at first quarter GDP, as well as

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Speaker 3: the weekly report on initial jobless claims. And Friday, it's

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Speaker 3: PCE inflation data for May, as well as personal income

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Speaker 3: and spending. Karen Moscow Bloomberg Radio.

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Speaker 1: Nvidia has signed a deal with Katari Telecoms Group or Ado.

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Speaker 1: The deal would see AI technology at Ordu's data centers

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Speaker 1: in some five Middle Eastern countries. Reuter's reports it's the

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Speaker 1: first large scale launch in the region. Orado is investing

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Speaker 1: about a billion dollars to boost its overall capacity. In

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Speaker 1: an interview, Israeli Prime Minister Benjamin Netanyahu has given a

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Speaker 1: hopeful indication that peace in Gaza is coming. Bloomberg's Ed

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Speaker 1: Baxter has the story.

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Speaker 4: PM Benjamin Netanyahu is now saying that intense operations in

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Speaker 4: Gaza will end very He says the next step will

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Speaker 4: be to get some troops into the north to counter

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Speaker 4: has Bellah aggressions and to bring some local residents back

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Speaker 4: from where they were evacuated. He says he wants to

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Speaker 4: do it by diplomatic means, but if not, he'll go

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Speaker 4: another way. Meanwhile, he's sending Foreign Minister Job Gallant to

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Speaker 4: the US to talk about additional aid, which he says

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Speaker 4: has been slowed down. The US has consistently denied the allegation.

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Speaker 4: At Baxter Bloomberg Radio.

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Speaker 1: US prosecutors have reportedly recommended that Boeing face criminal charges

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Speaker 1: for violating a settlement related to two fatal crashes. Reuters

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Speaker 1: says the recommendation was made to senior Justice Department officials.

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Speaker 1: The charges could extend beyond the original twenty twenty one

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Speaker 1: fraud conspiracy charge that related to the seven thirty seven

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Speaker 1: Max crashes that killed three hundred forty six people in

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Speaker 1: twenty eighteen and twenty nineteen. The Justice Department must decide

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Speaker 1: by July seventh whether to prosecute both. The Biden administration

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Speaker 1: is getting closer to restricting US investments in China, with

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Speaker 1: a focus on the most advanced technology. We get the

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Speaker 1: latest from Bloomberg's Nathan Hager in Washington.

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Speaker 5: The Treasury Department is proposing new rules that would prevent

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Speaker 5: American individuals and companies from investing in next generation technologies

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Speaker 5: in China. These restrictions have been in the works for

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Speaker 5: more than a year. A Treasury official says this latest

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Speaker 5: proposal is aimed at limiting China's artificial intelligence development for

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Speaker 5: weapons targeting or mass surveillance. There's no timetable for when

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Speaker 5: these rules would be finalized or take effect. In Washington,

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Speaker 5: I'm Nathan Hager, Bloomberg Radio.

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Speaker 1: In sports news, golfer Scotti Scheffler has won the Travelers

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Speaker 1: Championship in a playoff with Tom Kim. The victory came

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Speaker 1: after a disruption by climate protesters on the eighteenth Green.

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Speaker 1: Scheffler notched his sixth victory of the year. It's the

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Speaker 1: most wins in a season since Tiger Woods had six

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Speaker 1: back in twenty nine. That's news you want it with

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Speaker 1: Bloomberg News Now. I'm Brian Curtis. This is Bloomberg