US and Iran may talk again
Bloomberg
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Good morning. The US and Iran are weighing further negotiations. Florida is expected to bear the brunt of Donald Trump’s health cuts. And we’ll tell you why Rory McIlroy is wrong about Irish food. Listen to the day’s top stories. — Marcus Wright
The US and Iran are considering further negotiations to extend a two-week ceasefire, as Donald Trump presses ahead with his naval blockade in the Strait of Hormuz. The aim is to hold fresh discussions before the current truce expires next week. Futures gained and oil fell on the news. Meanwhile, a US-sanctioned tanker is testing the blockade. And China broke its silence on the war with President Xi Jinping telling the visiting Spanish prime minister that “the international order is crumbling into disarray.” More good (and less good) news for anxious motorists and air travelers. In another sign that Venezuela is opening its massive reserves to foreign firms, Chevron agreed an asset swap that will significantly expand its oil operations in the country. And a hoard of Iranian crude on tankers at sea should provide something of a market cushion in the weeks ahead. On the other hand, Virgin Atlantic’s new chief warned about the dim outlook for jet-fuel supplies. Millions of people in the US are expected to lose their health coverage in coming years because of shrinking funding for federal programs. But few states would suffer a bigger blow than Florida, where hospitals are bracing for a large decline in revenue and some are having to cash out investments to cover health-care premiums. Good and bad news from the world of private credit, which has been giving some investors sleepless nights recently. Blue Owl, the focus of some of the worries, raised $400 million via a bond issue yesterday in the first deal of its kind in over a month. But over in Asia, a BlackRock fund suffered the first default by a borrower in its portfolio after a Chinese company failed to repay a loan. And the Governor of the Bank of England warned about the risk of a “wider loss of confidence” in private credit. Mark Carney secured a majority after Canada’s Liberals won three key by-elections, clearing the way to advance an economic agenda centered on boosting energy exports and reducing reliance on the US. And in Peru, Keiko Fujimori is positioning herself for a victory that would capitalize on the power structure she’s built over two decades in the shadow of her father’s legacy. Bloomberg Tech returns to San Francisco June 3-4, convening leading CEOs, investors and innovators shaping the future. Drawing on Bloomberg’s global newsroom and Terminal data, we’ll explore the capital, connectivity and ideas driving the industry forward. Register here.
Deep Dive: Student Entrepreneurs Dhruv Shajikumar started building an AI platform for consulting firms in his first semester at Carnegie Mellon. Photographer: Kelsey McClellan for Bloomberg Businessweek Most college students spend their first semester adjusting to lecture hall classes and navigating life away from home. Now more of them are doing that while also conducting market research, developing early-stage ideas and figuring out how to file a certificate of incorporation in Delaware.
 As graduation season approaches, what forces are shaping the entry-level job market across the US? Bloomberg journalists answer your questions about this story and more in a live Q&A on April 29 at 11 a.m. EDT. Join the stream here and send your questions in advance to liv...@bloomberg.net. The Big Take Photographer: Michelle Gustafson/Bloomberg Soaring electricity bills are triggering voter fury ahead of November’s midterm elections. The build-out of artificial intelligence data centers, along with tariffs and upgrades to an aging grid, is helping propel power prices higher—just as the war adds a surge in gasoline prices to affordability concerns.  Opinion Photographer: Bill Ingalls/NASA/Getty Images For all its well-earned acclaim, NASA’s Artemis moon mission also epitomized the worst excesses and flaws of the US space program, Timothy Lavin writes. The mission was monumentally over budget and accomplished little of scientific interest. More Opinions Play Alphadots!Our daily word puzzle with a plot twist.  Today’s clue is: Put a pin in it! Before You Go Photographer: Hector Vivas/Getty Images Masters champion Rory McIlroy is all wrong about Irish food — his Augusta quip about skipping Irish dishes plays into an outdated cliché. Dive into our guide to the best places to eat in Ireland right now. A Few More More From BloombergEnjoying Morning Briefing Americas? Get more news and analysis with our regional editions for Asia and Europe. Check out these newsletters, too:
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