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Speaker 1: News when you want it with Bloomberg News Now, I'm

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Speaker 1: made Kalenki. Hammas said it submitted a response to the

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Speaker 1: US proposal for a truce in Gaza, but Trump Administration

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Speaker 1: on voye Steve Whitcough quickly dismissed it as totally unacceptable.

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Speaker 1: Whitcof said Saturday in a post on X Hamas should

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Speaker 1: accept the framework proposal we put forward. He added that

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Speaker 1: further talks on a truce can begin immediately this coming week.

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Speaker 1: The key differences between the US proposal and Hamas's response

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Speaker 1: appear to be the duration of any truce and the

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Speaker 1: extent to which Israeli forces withdraw. Hamas responded earlier in

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Speaker 1: the day to the US proposal with changes that aim

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Speaker 1: to quote achieve a permanent ceasefire, a comprehensive withdrawal from

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Speaker 1: the Gaza Strip, and ensure the flow of aid to

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Speaker 1: our people and our families in the strip. Opek agreed

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Speaker 1: to surge oil output for the third month in a row,

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Speaker 1: despite reservations from key member Russia, doubling down on a

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Speaker 1: historic policy shift that has sent crude prices sinking. Oil

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Speaker 1: producing nations led by Saudi Arabia agreed during a video

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Speaker 1: conference on Saturday, to add four hundred and eleven thousand

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Speaker 1: barrels a day to the market in July. The hike

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Speaker 1: matches increases scheduled for May and June, marking a radical

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Speaker 1: reversal from defending prices to actively driving them lower. Bloomberg's

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Speaker 1: Grant Smith says today's OPEK move could drive Brent crude

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Speaker 1: and other oil prices even lower.

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Speaker 2: We're around about sixty four dollars for burrow currently for

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Speaker 2: Brent futures, and the market is already looking pretty fragile.

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Speaker 2: Demand growth is slowing, particularly in China, which has been

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Speaker 2: the engine of growth the past couple of decades. Well,

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Speaker 2: at the same time, we have plenty of supplies outside

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Speaker 2: of OPEC in the US, in Brazil, Guiana and elsewhere.

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Speaker 1: Bloomberg's Grant Smith. In London, Elon Musk said that he

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Speaker 1: is not using the drug ketamine, disputing a report by

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Speaker 1: The New York Times that alleged extensive use of that

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Speaker 1: and other drugs. Musk hot on X, I tried prescription

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Speaker 1: kenemede a few years ago and said, so on X,

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Speaker 1: so this is not even news. It helps her getting

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Speaker 1: out of dark mental holes. But I haven't taken it

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Speaker 1: since then. Musk added that the newspaper was lying. Musk,

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Speaker 1: who had been working at it as a close advisor

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Speaker 1: to President Trump and his efforts to cut government spending,

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Speaker 1: stepped away from that role Friday. New German Chancellor Friedrich

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Speaker 1: Meyers will meet with President Trump at the White House

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Speaker 1: this week, and this could be significant when it comes

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Speaker 1: to Ukraine and some other major issues. We get more

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Speaker 1: from Bloomberg's than Eis Pellegrini, a.

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Speaker 3: German official, says. The two leaders will meet at the

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Speaker 3: White House Thursday to discuss topics including Russia's war in Ukraine,

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Speaker 3: the Middle East situation, and trade policy. And the meeting

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Speaker 3: comes after Murz traveled to several European countries to meet

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Speaker 3: with allies, including France and Poland. Murs visit also aims

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Speaker 3: to improve ties with the Trump administration, which had been

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Speaker 3: a bit tense due to differences over support for Ukraine

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Speaker 3: and also trade issues. The two leaders planned to hold

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Speaker 3: a press conference together before Murz flies back to Berlin.

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Speaker 3: Denise pell a gritty Bloomberg Radio.

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Speaker 1: And with that Jeff Bezos' Blue Origin launched six people

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Speaker 1: on a space tourism flight Saturday, The suborbital trip lasted

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Speaker 1: eleven minutes. The mission lifted off from Launch Site one

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Speaker 1: in West Texas. It marks the thirty second flight of

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Speaker 1: the reusable New Shepherd rocket, as well as the company's

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Speaker 1: twelfth human spaceflight. The White House sid it would name

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Speaker 1: a new nominee for NASA Administrator, just days before billionaire

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Speaker 1: Jared Isaacman, the current pick, was to face his planned

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Speaker 1: Senate confirmation vote. It wasn't immediately clear why President Trump

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Speaker 1: was dropping the nomination of Isaacman, who had already been

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Speaker 1: approved by the Senate Commerce Committee. Sources tell Bloomberg Taiwan's

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Speaker 1: Semiconductor and Manufacturing is evaluating building an advanced production facility

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Speaker 1: in the United Arab Emirates and has discussed the possibility

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Speaker 1: with Trump administration officials. We get this story from Bloomberg's

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Speaker 1: Charlie Pellett.

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Speaker 4: It's a potentially major bed on the Middle East that

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Speaker 4: would only come to fruition with Washington's approval. Those sources

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Speaker 4: say the company has had multiple meetings in recent months

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Speaker 4: with Steve Whitcoff, the US Special Envoy to the Middle East,

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Speaker 4: and officials from MGX, an influential investment vehicle overseen by

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Speaker 4: the UAES president's brother. Those conversations are a continuation of

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Speaker 4: talks that began under President Biden's administration but died down

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Speaker 4: by the end of his term. In New York, Charlie

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Speaker 4: Bloomberg Radio.

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Speaker 1: After three rounds of the Memorial at Mirrorfield, Scottie Scheffler

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Speaker 1: four under for Saturday, eight under for the tournament, heads

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Speaker 1: into Sunday's final round with a one stroke lead. After

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Speaker 1: three rounds of the US Women's Open, Masha Start two

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Speaker 1: under for Saturday, seven under for the tournament. She will

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Speaker 1: head into Sunday's final round with a one shot lead.

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Speaker 1: That's news when you want it with Bloomberg News. Now

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Speaker 1: I made Kaleggy.

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Speaker 4: This is Bloomberg