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Speaker 1: News when you wanted with Lumbrig News Now, I'm Brian Curtis.

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Speaker 1: In Hong Kong, Iranian President Ibrahim Raisi has been killed

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Speaker 1: in a helicopter crash in the mountainous area of the country.

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Speaker 1: The semi official Mayor News agency says that rescuers found

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Speaker 1: the helicopter. It had been carrying the president as well

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Speaker 1: as other officials, including Foreign Minister Hossein Amer Abdolhian. The

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Speaker 1: chaper went down near Tavl village in the northwestern part

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Speaker 1: of the country. Taiwan's President Laiching Da has been inaugurated.

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Speaker 1: In his speech, Lai said that the new government would

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Speaker 1: seek to maintain the status quo across the strait. He

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Speaker 1: said the government will stick to former commitments made under

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Speaker 1: his predecessor, President Saying I. Lai urged China to stop

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Speaker 1: military intimidation against Taiwan and jointly maintain peace in the region.

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Speaker 1: Saudi Arabia's Crown Prince Mohammed bin Salman has postponed a

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Speaker 1: planned four day trip to Japan. This is due to

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Speaker 1: concerns over the king's health. The trip was to have

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Speaker 1: been the Crown Prince's first visit to Japan since twenty nineteen.

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Speaker 1: We heard Friday from Homeland Security Secretary Alejandro Majorcas. He

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Speaker 1: spoke with David Rubinstein at the Economic Club of Washington.

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Speaker 1: They touched on a number of topics, including TikTok. Majorcas

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Speaker 1: explained why the social media app poses.

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Speaker 2: A threat many many young people that access TikTok. I

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Speaker 2: would posit that in this country we don't have the

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Speaker 2: level of digital literacy that I think we would all want.

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Speaker 2: We're all vulnerable to disinformation, and the reality is that

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Speaker 2: we have an obligation to safeguard against it. We're talking

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Speaker 2: about the intentional dissemination of false information.

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Speaker 1: Subscribe to the Bloomberg Talks podcast to hear more of

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Speaker 1: David Rubinstein's conversation with Majorcus. Well. Former President Trump is

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Speaker 1: tapping Silicon Valley and his former rivals networks to drum

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Speaker 1: up campaign cash. Bloomberg's Nathan Hager reports from Washington.

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Speaker 3: Venture capitalist David Sachs and tech investor Chamat Paula Haptia

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Speaker 3: apparently want to hold a fundraiser for Trump next month.

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Speaker 3: A source tells Bloomberg News the two have invited the

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Speaker 3: former president to appear with them on their podcast, All

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Speaker 3: in during a taping next month at sachs home of

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Speaker 3: Broadcliffe in San Francisco. Sacks was a backer of Florida

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Speaker 3: Governor Ron DeSantis during the Republican primary. Another big tech name,

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Speaker 3: Oculus VR founder Palmer Lucky, is hosting a Trump fundraiser

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Speaker 3: next month in Newport Beach, California. In Washington, I'm Nathan

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Speaker 3: Hager Bloomberg Radio.

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Speaker 1: Chinese banks have left their main lending rates unchanged. The

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Speaker 1: one year loan prime rate was held at three point

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Speaker 1: four to five percent. The five year rate, a reference

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Speaker 1: for mortgages was kept at three point nine to five percent.

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Speaker 1: China is said to be ready to take countermeasures on

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Speaker 1: trade against the European Union. That's if the BLOCK continues

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Speaker 1: its anti subsidy investigations in two Chinese companies. The EU

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Speaker 1: has launched three high profile inquiries into Chinese companies, and

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Speaker 1: it has also started a probe into Chinese made electric vehicles. Meantime,

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Speaker 1: Canada is looking at whether it needs to raise tariffs

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Speaker 1: on Chinese made electric vehicles. Currently, Canada has a small

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Speaker 1: tariff of six percent on Chinese evs. Canada's Trade Minister

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Speaker 1: Mary un says her government is speaking with US officials

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Speaker 1: about the policy. Jeff Bezos's Blue Origin has resumed sending

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Speaker 1: tourists to space. Six private passengers took a short flight

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Speaker 1: traveling more than sixty miles above the Earth.

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Speaker 4: Or commandage and start two one zero ignition, in which.

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Speaker 1: Fact the passengers included Ed Dwight, a former Air Force

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Speaker 1: captain who was selected as the first black astronaut candidate

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Speaker 1: in nineteen sixty one. However, he never got to fly

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Speaker 1: to space with NASA. This was Blue Origin's first tourist

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Speaker 1: mission since August of twenty twenty two. And in Sporting News,

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Speaker 1: golfer Xander Schaffley has won the PGA Championship at Valhalla.

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Speaker 1: Bloomberg's Dan Schwartzman has the story.

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Speaker 5: Xander Schaffley won the PGA Championship in record fashion at

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Speaker 5: Valhalla Golf Club in Louisville, Kentucky with this clutch birdie

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Speaker 5: on the eighteenth hole.

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Speaker 6: Shaftley for the win, putterback ball up to the cup,

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Speaker 6: curls around and drops to the bottom, hands raised in victory.

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Speaker 6: Xander Softley the winner of the hundred and sixth Pgaight Championship.

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Speaker 5: The thirty year old winning his first major. As you

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Speaker 5: heard while setting a major championship scoring record of two

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Speaker 5: sixty three. Shaffley finishes one stroke ahead of Bryson d.

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Speaker 5: Chambeau and two strokes ahead of Victor Hovland. Reigning Masters

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Speaker 5: winner Scottie Scheffler ended his eventful weekend, which included being

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Speaker 5: arrested before the second round on Friday, by shooting a

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Speaker 5: six under sixty five for the final round finish, wishing

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Speaker 5: the tournament tied for eighth at thirteen under.

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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 Brian Curtis. This is Bloomberg