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Speaker 1: News when you wanted with Bloomberg News. Now I'm in Kaleggi.

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Speaker 1: Democratic Representative Sheila Jackson Lee of Texas has died this

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Speaker 1: according to an announcement from her office, she was seventy

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Speaker 1: four years old. A cause of death was not immediately disclosed.

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Speaker 1: Last month, however, Lee revealed that she had been diagnosed

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Speaker 1: with pancreatic cancer. A statement issued by her office reads,

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Speaker 1: a fierce champion of the people. She was affectionately and

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Speaker 1: simply known as Congresswoman by her constituents in recognition of

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Speaker 1: her near ubiquitous presence and service to their daily lives

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Speaker 1: for more than thirty years. Once again, Democratic Representative Sheila

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Speaker 1: Jackson Lee of Texas is dead.

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Speaker 2: At seventy four.

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Speaker 1: The Associated Press is reporting that David Letterman will headline

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Speaker 1: a fundraiser for President Joe Biden with Hawaii Governor Josh Green.

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Speaker 1: It's a sign that his campaign is forging ahead despite

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Speaker 1: continued calls for the president to bow out of the

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Speaker 1: twenty four race. Green told the Associated Press Friday. The

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Speaker 1: fundraiser on July twenty ninth will be at the home

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Speaker 1: of a family friend and Martha's vineyard. It will feature

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Speaker 1: the longtime Late Night host Plus Biden and First Lady

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Speaker 1: Joe Biden. The campaign has at least ten other fundraising

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Speaker 1: events over the last ten days of July. The event

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Speaker 1: comes as other celebrities like George Clooney, director Rob Ryder,

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Speaker 1: and author Stephen King have called on Biden to drop

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Speaker 1: out of the twenty twenty four race following his disastrous

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Speaker 1: debate performance on June twenty seventh. There's also been growing

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Speaker 1: concern over continued fundraising support after anxious donors expressed serious

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Speaker 1: worries about his performance and the future of the party.

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Speaker 1: Behind a massive IT failure that grounded flights, upended markets,

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Speaker 1: and disrupted corporations around the world is one cybersecurity company, CrowdStrike.

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Speaker 1: Bloomberg's Ed Ludlow says the company is one of the

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Speaker 1: biggest players in the market for what is called modern

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Speaker 1: endpoint bi protection software.

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Speaker 3: Think of it as like constant monitoring for ransomware threats.

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Speaker 3: Old school, archaic antivirus software would basically wait for your

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Speaker 3: computer to show symptoms that you had some kind of

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Speaker 3: malware or virus, and then it would respond. Endpoint protection

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Speaker 3: constantly monitors looks at data and science, but in order

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Speaker 3: to do that, it has to be granted direct access

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Speaker 3: to your system, and so that's what happened. They did

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Speaker 3: a faulty or corrupted patch of their software intended to

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Speaker 3: improve ransomware protection, and the result was many, many Windows

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Speaker 3: users around the world getting the dreaded blue screen, and.

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Speaker 1: So Bloomberg's at Ludlow. The US Federal Trade Commission is

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Speaker 1: investigating whether executives at major oil companies, including HES, Occidental Petroleum,

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Speaker 1: and Diamondback Energy improperly communicated with OPEQUE officials. Bloomberg Simon

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Speaker 1: Casey with more on the investigation.

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Speaker 4: OPEKI the cartel, it's been around decades now, it's a

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Speaker 4: sovereign entity. Both US companies are essentially banned from being

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Speaker 4: part of that cartel, and that extend to you know,

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Speaker 4: they have to be very careful how they communicate with them.

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Speaker 4: And as our story explains, the FTC has been looking

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Speaker 4: deeply at this. It's been looking through text messages from

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Speaker 4: phones owned possessed by executives of those companies.

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Speaker 1: Simon Casey, speaking with Bloomberg Television. FTC investigators are looking

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Speaker 1: for evidence of executives attempting to collude with OPEC officials

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Speaker 1: on oil market dynamics such communications, particularly on pricing and output,

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Speaker 1: could be illegal under US antitrust laws. The Federal Reserve

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Speaker 1: has fined Green Dot Corporation forty four million dollars over

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Speaker 1: the firm's handling of prepaid debit cards and tax preparation

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Speaker 1: payment services. We get more in that story from Bloomberg's

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Speaker 1: Charlie Pellett.

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Speaker 2: The FED says Green Dot broke consumer laws with its marketing, selling,

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Speaker 2: and servicing of pre debit card products, as well as

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Speaker 2: with its offering of tax return preparation payment services. In

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Speaker 2: some cases, from November twenty seventeen through January twenty twenty one,

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Speaker 2: Green Dot allegedly told consumers that their prepaid debit card

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Speaker 2: accounts would be closed after they spent their balances down

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Speaker 2: to zero, according to a cease and desist letter. Instead,

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Speaker 2: Green Dot kept them open and continued to charge monthly fees.

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Speaker 2: The FED also cited ineffective consumer compliance, risk management, and

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Speaker 2: anti money laundering programs in New York. Charlie Pellett Bloomberg Radio.

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Speaker 1: The Friday numbers on Wall Street. The dawfell three seventy seven,

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Speaker 1: capping its worst week since April. The Nasdaq lost one

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Speaker 1: forty four, and the s and p was down forty.

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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 Mad Kleggy, and this is Bloomberg