US stocks struggled to build on record gains amid ceasefire tensions between the US and Iran. Growing strains on the ceasefire between the US and Iran sent oil prices higher for a third straight day. Meanwhile US President Donald Trump is proposing new tariffs of at least 10% on imports from 60 trading partners

Bloomberg Cross-Asset Strategist Ven Ram breaks down the implications of the latest tariffs’ announcement, the need for the Fed to tighten and also how the Bank of England needs to act early with Bloomberg’s Lizzy Burden on “Daybreak Europe.”
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At least seven Chinese universities that support the country’s armed forces and defense industry are seeking access to Nvidia Corp’s H200 chips, the most powerful artificial intelligence processors ever allowed by the US to be sold in China.
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Kyle Kondik, Managing Editor of Sabato’s Crystal Ball at University of Virginia’s Center for Politics joined Balance of Power as six states with 74 congressional districts hold primaries today. In California, this is the first election under the state’s revamped congressional map enacted by Democrats last year in response to mid-decade gerrymandering in Texas and other Republican states. California Democrats could win up to 48 districts, a net gain of five that would lift their chances of winning a House majority.
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Former NATO chief Jens Stoltenberg says the tensions between the US and its European NATO allies are “more difficult to manage” now compared to when he left the alliance in 2024. Speaking with Bloomberg News Editorial Lead for EMEA Jackie Simmons at a Bloomberg Newsmakers event in Oslo, Stoltenberg also says it was “unacceptable” for the US to threaten Denmark, referring to President Donald Trump’s ambition to take Greenland.

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Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alexis Christoforous, and Isabelle Lee.
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