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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, New York. Police have cleared thirty

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Speaker 1: to forty people from inside Columbia University's Hamilton Hall. This

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Speaker 1: is after pro Palestinian protesters occupied the administration building in

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Speaker 1: New York earlier in the day. Police wearing helmets and

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Speaker 1: carrying riot shields masts at the university's entrance. Officers breached

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Speaker 1: Hamilton Hall to clear the structure. The demonstrators had occupied

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Speaker 1: the hall more than twelve hours earlier. Also, lawmakers are

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Speaker 1: calling more university leaders to Capitol Hill to testify about

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Speaker 1: anti Semitism on campus. Bloomberg Nancy Lyons reports.

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Speaker 2: With pro Palestinian protests and encampments growing at universities across

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Speaker 2: the country, the House Committee on Education in the Workforce

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Speaker 2: is expanding its questioning about campus activity. It's now calling

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Speaker 2: on the presidents of Yale, the University of Michigan, and

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Speaker 2: UCLA to testify May twenty third. The presidents of Harvard,

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Speaker 2: MIT and Penn appeared before the committee in December, while

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Speaker 2: the president Cident of Columbia testified in early April. Most

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Speaker 2: who have appeared before the Committee have been criticized by

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Speaker 2: some lawmakers as being evasive and overly legalistic. In Washington,

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Speaker 2: Nancy lyons Bloomberg Radio, Donald.

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Speaker 1: Trump was found in contempt of court and fined nine

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Speaker 1: thousand dollars. The New York judge overseeing Trump's hush money

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Speaker 1: trial ruled that the former president repeatedly blasted key witnesses

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Speaker 1: on social media and that was in violation of a

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Speaker 1: gag order. Bloomberg legal Anuelest june Grosso said the judge

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Speaker 1: didn't buy the former president's defense.

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Speaker 3: Reposting is still your language, so if you repost, that

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Speaker 3: doesn't get you off the hook. And also Donald Trump

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Speaker 3: and his lawyers kept saying, well, we have to respond

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Speaker 3: in kind to what people say about us, to what

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Speaker 3: these witnesses are saying about us, And the judge asked

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Speaker 3: him that day, well, show me an example, what were

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Speaker 3: you responding to And the judge found that they weren't.

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Speaker 3: He wasn't responding to anything.

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Speaker 1: June Grosso there the judge warned that any future breaches

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Speaker 1: by the former president could result in jail time. Both

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Speaker 1: Republicans and Democrats are publicly saying they are not working

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Speaker 1: together to save Speaker Mike Johnson's job, but Bloomberg's Ed

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Speaker 1: Baxter reports they are framing the argument.

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Speaker 4: There's been much talk that the Democrats will save Johnson,

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Speaker 4: and it looks as if that is happening. But Johnson

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Speaker 4: says there is no deal. I've not requested assistance from anyone.

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Speaker 4: I'm not focused on that at all. I've focused on

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Speaker 4: getting the job done and getting the legislation passed.

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Speaker 1: And that's what.

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Speaker 4: No, there's no deals at all.

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Speaker 5: No, not at all.

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Speaker 4: And Democrat peyte Aguilar says no deal. Says the vacate

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Speaker 4: motion was not discussed in caucus. The motion the table was,

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Speaker 4: and there is a distinction there, although the immediate outcome

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Speaker 4: is apparently the same. At Baxter Bloomberg Radio.

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Speaker 1: In other news, investors have been waiting for the Drug

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Speaker 1: Enforcement Agency to reconsider the classification of marijuana. Now the

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Speaker 1: Biden administration is starting the process. Bloomberg's Amy Morris reports

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Speaker 1: from Washington.

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Speaker 5: The Justice Department will recommend easing restrictions on marijuana. This

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Speaker 5: is just the first step to a lengthy process that

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Speaker 5: would be a major change to federal policy, including a

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Speaker 5: review by the courts and a comment period. Under the proposal,

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Speaker 5: marijuana would be moved from its current classification alongside heroin

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Speaker 5: and LSD, to a less stringent classification closer to ketamine

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Speaker 5: and anabolic steroids. It would reclassify marijuana as less dangerous,

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Speaker 5: but would not legalize marijuana for recreational use. Attorney General

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Speaker 5: Merrit Garland has indicated he'll in Dorset. Cannabis stocks were

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Speaker 5: trading higher on the news. Amy Morris, Bloomberg Radio.

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Speaker 1: Amazon had a big beat on earnings with strong performance

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Speaker 1: in its cloud unit. AWS. Sales were twenty five billion

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Speaker 1: dollars in the March quarter, up seventeen percent from a

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Speaker 1: year earlier. Ana Agrana of Bloomberg Intelligence says he's impressed

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Speaker 1: with the company's margins.

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Speaker 6: So, I mean, I I just can't believe how big

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Speaker 6: this number is. At thirty seven point six percent operating

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Speaker 6: margins compared to Oustius twenty four percent, So that's almost

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Speaker 6: you know, fourteen percent increase in that That is this

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Speaker 6: phenomenal and basically shows the scalability of this business model.

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Speaker 6: And you know, frankly speaking, we weren't expecting these kinds

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Speaker 6: of margins for several years out. So I think this

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Speaker 6: is this should be really good. Signed for investors that

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Speaker 6: this is really a good business model.

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Speaker 1: Amazon saw a thirteen percent increase in overall revenue. That said,

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Speaker 1: Amazon gave a tepid forecast for overall sales in the

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Speaker 1: current quarter, and the shares were fractionally higher only in

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Speaker 1: late trading. Meanwhile, AMD gave a lukewarm revenue forecast for

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Speaker 1: the current period and the quarter just reported revenue from

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Speaker 1: the gaming division fell short of projections. Overall, the company

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Speaker 1: is expecting to get a boost from a push into

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Speaker 1: AI accelerators. Stock traded down round six percent in after hours.

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Speaker 1: Binance founder Jung Pung Chao has been sentenced to four

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Speaker 1: months in prison. The judge said that Jaw and his

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Speaker 1: firm Binance allowed cyber criminals and terrorists to trade freely

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Speaker 1: on the firm's crypto exchange. We get more from Bloomberg's June.

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Speaker 3: Grosso prosecutor said they wanted three years. They wanted double

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Speaker 3: the highest level of the sentence and guidelines because they

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Speaker 3: wanted to set an example for you know, sort of

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Speaker 3: like a Sam Bankman Freed example. But sizy Is is

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Speaker 3: not excused of the same things that Sam Bankman Freed

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Speaker 3: was accused of, and the judge said that he thought

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Speaker 3: that that Cez didn't know about the content of some

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Speaker 3: of the things that were going on on the platform.

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Speaker 1: Jaw has already paid a fifty million dollars fine and

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Speaker 1: has stepped down as the CEO of Binance. That's news

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Speaker 1: when you want it with Bloomberg News Now. I'm Brian Curtis.

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Speaker 1: This is Bloomberg