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Speaker 1: News when he won it with Bloomberg News. Now, I'm

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Speaker 1: Dan Schwartzman, disgraced former movie mogul Harvey Weinstein's attorney says

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Speaker 1: his client has been hospitalized so that a battery test

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Speaker 1: could be run after returning to New York. Weinstein returned

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Speaker 1: following an appeals court nullifying his twenty twenty rape conviction

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Speaker 1: due to the trial judge allowing jurors to see hear

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Speaker 1: evidence not directly related to the charges he faced. Weinstein, though,

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Speaker 1: remains in custody after also being convicted in Los Angeles

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Speaker 1: a rape and sentenced to sixteen years behind bars. The

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Speaker 1: seventy two year old faces a retrial in New York

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Speaker 1: after the original twenty three year prison sentence was erased.

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Speaker 1: Hamas releasing a new video showing two of the remaining

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Speaker 1: Israeli hostages the Tear group is holding in Gaza. The

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Speaker 1: video showed American and Israeli citizen Keith Siegel, as well

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Speaker 1: as Israeli Omri Miran, who both briefly spoke on the video.

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Speaker 1: Siegal's wife was released after fifty one days in captivity

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Speaker 1: in the first exchange of hostages for prisoners. Meanwhile, the

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Speaker 1: terror group says they are studying the latest ceasefire proposal

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Speaker 1: as the US and other countries have ratcheted up the

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Speaker 1: pressure for cease firing Gaza. As pro Palestinian protests continue

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Speaker 1: across the country, mainly on college campuses. President Biden's plan

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Speaker 1: trip to Atlanta on May nineteen is being affected. Biden is

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Speaker 1: scheduled to deliver the commencement speech at Moorhouse College, the

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Speaker 1: alma mater of Martin Luther King Junior. Some students there

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Speaker 1: have criticized the President's visit to the historic black college.

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Speaker 1: As a fighting rages on in Gaza, Russia has made

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Speaker 1: gains in eastern Ukraine as Kiev's forces await US weaponry.

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Speaker 1: According to US National Security spokesman John Kirby, the long

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Speaker 1: awaited weapons should be arriving quote very very soon. Ukrainian

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Speaker 1: President Vladimir Zelenski says with the sixty one billion dollars

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Speaker 1: in aid coming from the US, his forces can stabilize

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Speaker 1: the front and also move forward. This could turn out

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Speaker 1: to be a long, grueling, hot summer in Texas Bluebrigs

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Speaker 1: and East Peligren. He explains why.

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Speaker 2: We're seeing a surge in Texas power prices for August.

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Speaker 2: Did this suggests another summer of heavy electricity demand to

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Speaker 2: meet air conditioning needs. August power prices for Dallas, for example,

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Speaker 2: of sword to the highest in five years for this

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Speaker 2: time of year, and this price this is an i

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Speaker 2: popping eighty two percent more than a year ago. The

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Speaker 2: Texas grid repeatedly suffered from tiitle electricity supply the past

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Speaker 2: two years thanks to extreme weather and surging power demand,

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Speaker 2: stressing aging infrastructure. Meantime, growing reliance on renewable energy is

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Speaker 2: compounding the problem. Power usage on the state grid rose

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Speaker 2: to an all time high nearly two dozen times in

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Speaker 2: the previous two summers, according to the state's grid operator,

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Speaker 2: and we could start seeing possible deficient power reserves again

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Speaker 2: as soon as this coming week. Denise Peligreeny Bloomberg Radio.

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Speaker 1: Thanks Denise, Apple and OpenAI have begun discussing using the

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Speaker 1: startups technology to power some new features coming to the

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Speaker 1: iPhone later this year. The two companies have talked about

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Speaker 1: the terms of a possible agreement how the open ai

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Speaker 1: features would be integrated into the next iPhone's operating system.

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Speaker 1: Earlier this year, Apple had talked open Ai about a

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Speaker 1: possible deal, Although work between the two parties has been

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Speaker 1: minimal since then. Apple has also remained in discussions with

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Speaker 1: Google about licensing the Gemini chatbox. Apple, though hasn't made

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Speaker 1: a final decision yet on which partners it will use,

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Speaker 1: and there's no guar guarantee that a deal will be

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Speaker 1: worked out. Representatives for Apple, Google, and Open Ai have

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Speaker 1: declined to comment. Pheiser has won US approval for its

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Speaker 1: first gene therapy. Bloomberg's Nancy Lyons reports.

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Speaker 3: The treatment is called Beckfez and helps patients with a

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Speaker 3: rare bleeding disorder called hemophilia B. About forty thousand people

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Speaker 3: have that worldwide. The one time therapy involves inserting a

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Speaker 3: correct copy of the mutated gene that causes the disease

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Speaker 3: into the patient, preventing bleeding episodes. The treatment's cost will

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Speaker 3: be a hefty three and a half million dollars before

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Speaker 3: insurance and other rebates. Pheiser says it will refund patients

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Speaker 3: if it doesn't work. I'm Nancy Lyons, Bloomberg Radio.

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Speaker 1: Thanks Nancy. Researchers from the University of Southern cal Rutgers

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Speaker 1: and Concordia University say that wildfires have led to mortgage

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Speaker 1: lenders and investors losing more than thirty billion dollars between

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Speaker 1: twenty twenty and twenty twenty two. The losses were due

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Speaker 1: to accelerated defaults and prepayments following disastrous blazes in areas

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Speaker 1: that are prone to wildfires. Mortgages have become more expensive

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Speaker 1: due to lenders looking offset the risks of default and prepayment.

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Speaker 1: The research found that a wildfire in the previous year

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Speaker 1: increases interest rates for a new loan by five basis points.

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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 Dan Schwartzman, and this is Bloomberg