1 00:00:01,360 --> 00:00:04,200 Speaker 1: News when you wanted with Bloomberg News Now, I'm Doug Krisner. 2 00:00:04,480 --> 00:00:08,320 Speaker 1: The Supreme Court has preserved full access to MIFA pristone. 3 00:00:08,520 --> 00:00:10,799 Speaker 1: The pill is used in over half of the abortions 4 00:00:10,840 --> 00:00:14,200 Speaker 1: conducted in the US. In the unanimous ruling, the justices 5 00:00:14,520 --> 00:00:17,880 Speaker 1: overturned a federal appeals court ruling that would have barred 6 00:00:17,960 --> 00:00:21,119 Speaker 1: mail order prescriptions for the drug. But Bloomberg is as 7 00:00:21,200 --> 00:00:24,400 Speaker 1: June Grosso tells us, the justices did not weigh in 8 00:00:24,480 --> 00:00:27,360 Speaker 1: on the FDA's looser restrictions around the pill. 9 00:00:27,440 --> 00:00:30,400 Speaker 2: They're not talking about MIFA pristone. They're not talking about abortion. 10 00:00:30,520 --> 00:00:35,000 Speaker 2: What they're talking about is standing, which is a procedural thing, really, 11 00:00:35,080 --> 00:00:37,600 Speaker 2: and it's a way sometimes for them to get out 12 00:00:37,760 --> 00:00:41,840 Speaker 2: of cases, out of deciding the merits of the case 13 00:00:41,920 --> 00:00:43,640 Speaker 2: by looking at the procedural elements. 14 00:00:43,680 --> 00:00:47,120 Speaker 1: That's Bloomberg Law host June Grosso. Shareholders in Tesla have 15 00:00:47,200 --> 00:00:50,640 Speaker 1: approved Elon Musk's pay deal, currently worth more than forty 16 00:00:50,680 --> 00:00:53,920 Speaker 1: eight billion dollars. We have more from Bloomberg's Charlie Pellett. 17 00:00:54,600 --> 00:00:59,200 Speaker 3: Investors voted for the CEO's compensation package and moving the 18 00:00:59,240 --> 00:01:03,440 Speaker 3: company's state of incorporation to Texas. Signaling confidence in his 19 00:01:03,600 --> 00:01:08,440 Speaker 3: leadership despite slumping sales and a precipitous dromp in the 20 00:01:08,480 --> 00:01:11,920 Speaker 3: stock price. The electric carmaker announced the results that its 21 00:01:12,000 --> 00:01:15,959 Speaker 3: annual meeting in Austin without disclosing the breakdown of votes. 22 00:01:16,360 --> 00:01:19,160 Speaker 3: Musk had foreshadowed the outcome the night before in a 23 00:01:19,200 --> 00:01:23,200 Speaker 3: post on x Sying. Both resolutions were quote passing by 24 00:01:23,280 --> 00:01:27,160 Speaker 3: wide margins in New York Charlie Pellett Bloomberg Radio. 25 00:01:27,319 --> 00:01:30,480 Speaker 1: After the bell, Adobe raised its annual profit outlook and 26 00:01:30,600 --> 00:01:34,840 Speaker 1: projected strong future sales of its creative products. This suggests 27 00:01:34,880 --> 00:01:38,759 Speaker 1: that Adobe's customers are adopting the company's new tools tied 28 00:01:38,800 --> 00:01:42,679 Speaker 1: to artificial intelligence. Shares and Adobe were up sixteen percent 29 00:01:42,720 --> 00:01:46,920 Speaker 1: in late US trading. Boeing is inspecting undelivered seven eighty 30 00:01:46,920 --> 00:01:51,800 Speaker 1: seven Dreamliners, this after discovering fasteners were incorrectly installed on 31 00:01:51,880 --> 00:01:55,760 Speaker 1: a section of the carbon composite fuselage. This issue is 32 00:01:55,800 --> 00:01:58,960 Speaker 1: the latest to come to light as US regulators ramp 33 00:01:59,040 --> 00:02:02,720 Speaker 1: up their oversight of New Yorkers and Californians looking for 34 00:02:02,800 --> 00:02:05,240 Speaker 1: a bigger break on state and local taxes may have 35 00:02:05,280 --> 00:02:09,120 Speaker 1: to wait. Congress is debating whether to renew tax cuts 36 00:02:09,160 --> 00:02:12,240 Speaker 1: next year. Those that were passed during the Trump administration. 37 00:02:12,680 --> 00:02:15,280 Speaker 1: We have more from Bloomberg's Nathan Hager and Washington. 38 00:02:15,360 --> 00:02:19,320 Speaker 4: President Biden's top economic advisor, Lyle Brainerd, says the wealthiest 39 00:02:19,360 --> 00:02:22,040 Speaker 4: Americans don't need another tax break. The head of the 40 00:02:22,040 --> 00:02:24,960 Speaker 4: White House National Economic Council says the President's made that 41 00:02:25,000 --> 00:02:27,800 Speaker 4: position very clear. She says that will guide his team's 42 00:02:27,840 --> 00:02:30,320 Speaker 4: approach to the salt cap, or the ten thousand dollars 43 00:02:30,360 --> 00:02:33,520 Speaker 4: limit on state and local deductions. Brainard says a second 44 00:02:33,600 --> 00:02:36,960 Speaker 4: Biden term will focus on increasing taxes on corporations and 45 00:02:37,080 --> 00:02:40,160 Speaker 4: billionaires while avoiding hikes on households that earn up to 46 00:02:40,200 --> 00:02:43,760 Speaker 4: four hundred thousand dollars a year. In Washington, I'm Nathan Hager, 47 00:02:43,800 --> 00:02:44,720 Speaker 4: Bloomberg Radio. 48 00:02:45,040 --> 00:02:48,120 Speaker 1: Financiers who had a bandoned Donald Trump are now throwing 49 00:02:48,160 --> 00:02:51,600 Speaker 1: their weight behind him again. The former president appealed to 50 00:02:51,760 --> 00:02:55,400 Speaker 1: Corporate America at a business roundtable in Washington on Thursday, 51 00:02:55,800 --> 00:02:59,640 Speaker 1: in attendance where City Group's Jane Fraser, Bank of America's 52 00:02:59,639 --> 00:03:03,880 Speaker 1: Brian Mornihan, and JP Morgan Chase CEO Jamie Diamond. We 53 00:03:03,960 --> 00:03:06,960 Speaker 1: got reaction earlier from Wendy Schiller, the director of the 54 00:03:06,960 --> 00:03:11,080 Speaker 1: Thomuin Center for American Politics and Policy at Brown University. 55 00:03:11,200 --> 00:03:13,840 Speaker 5: Trump is courting big business. He's being very strategic about it. 56 00:03:13,960 --> 00:03:15,640 Speaker 5: He said, lit'ten, don't worry about me. I'm just going 57 00:03:15,720 --> 00:03:17,880 Speaker 5: to do taxes lower and keep them low, and I'm 58 00:03:17,880 --> 00:03:19,720 Speaker 5: going to get rid of regulation. I'm going to make 59 00:03:19,760 --> 00:03:21,840 Speaker 5: you happy. I'm not going to do anything scary. And 60 00:03:21,880 --> 00:03:24,240 Speaker 5: that's going to be his message today in Washington. And 61 00:03:24,280 --> 00:03:26,840 Speaker 5: that's the big problem for the Biden administration is what 62 00:03:26,880 --> 00:03:30,040 Speaker 5: do you do with that messaging? And how does Trump 63 00:03:30,160 --> 00:03:33,160 Speaker 5: keep that far right wing of his party common enough 64 00:03:33,280 --> 00:03:35,800 Speaker 5: not to scare a lot of the independent voters away 65 00:03:35,960 --> 00:03:37,280 Speaker 5: Again in twenty twenty. 66 00:03:37,040 --> 00:03:41,360 Speaker 1: Four, that's Brown University's Wendy Schiller. Senate Democrats have uncovered 67 00:03:41,400 --> 00:03:46,080 Speaker 1: additional private jet trips taken by Supreme Court Justice Clarence Thomas. 68 00:03:46,360 --> 00:03:48,840 Speaker 1: The story from Bloomberg's Nancy Lyons. 69 00:03:48,680 --> 00:03:52,120 Speaker 6: In a newly released report by the Senate Judiciary Committee. 70 00:03:52,280 --> 00:03:55,880 Speaker 6: Lawmakers say between twenty seventeen and twenty twenty one, Justice 71 00:03:55,920 --> 00:03:59,680 Speaker 6: Thomas flew three more times than previously disclosed on the 72 00:03:59,680 --> 00:04:03,400 Speaker 6: prime a sheet of GOP megadonor Harlan Crowe. The revelations 73 00:04:03,440 --> 00:04:06,440 Speaker 6: come just a week after, Thomas amended a twenty nineteen 74 00:04:06,520 --> 00:04:10,880 Speaker 6: financial disclosure to add a Crow funded Indonesian cruise as 75 00:04:10,920 --> 00:04:14,120 Speaker 6: well as his stay at an exclusive California retreat for men. 76 00:04:14,480 --> 00:04:17,719 Speaker 6: Thomas has previously said he did not discuss business with 77 00:04:17,800 --> 00:04:20,719 Speaker 6: his friends and believed he did not have to disclose 78 00:04:20,760 --> 00:04:24,200 Speaker 6: the trips. In Washington, Nancy lyons Bloomberg Radio. 79 00:04:24,160 --> 00:04:26,760 Speaker 1: And that is news when you want it with Bloomberg News. Now, 80 00:04:26,800 --> 00:04:28,719 Speaker 1: I'm Doug Prisner. This is Bloomberg