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Senior Democrats Pressure Joe Biden To Step Aside

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Senate Majority Leader Chuck Schumer delivered a blunt assessment to Biden that it would be better if he bowed out of the race, ABC News reported. House Minority Leader Hakeem Jeffries told the president his candidacy was imperiling Democrats’ hopes of holding on to control of either chamber of Congress, the Washington Post said. And former House Speaker Nancy Pelosi told Biden in a private conversation he couldn’t defeat Trump, according to CNN. Kriti Gupta joins Caroline Hepker and Tom Mackenzie on Bloomberg Radio with the details.
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Ret. Gen. Clark: US Must Not Give Up Iran Leverage Too Soon

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Retired General Wesley Clark, former NATO Supreme Allied Commander Europe and former Commander for US Southern Command, says the US should keep aircraft carrier groups in the Middle East through the 60-day negotiation period with Iran, warning that Washington’s leverage will fall once forces depart. Clark also discusses the role of US military assistance in Ukraine’s war against Russia. He speaks with Kailey Leinz on the late edition of Bloomberg’s “Balance of Power.”
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Iran Won’t ‘Get a Dime’ of US Taxpayer Money, Vance Says

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US Vice President JD Vance, in an interview on Fox News, said that Iran will “never get a dime of American taxpayer money, ever.” The comments came as the finer details of the memorandum of understanding between the Washington and Tehran are still unclear. Bloomberg’s Abeer Abu Omar reports.
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SpaceX Soars in 3rd Day of Trading, Set to Overtake Amazon| Bloomberg Businessweek Daily 6/16/2026

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Today, Mandeep Singh, Bloomberg Intelligence global head of technology research, talks SpaceX’s growth as the aerospace company soars in its third day of trading. Then, Nick Wadhams, Bloomberg national security reporter, breaks down the deal between the US and Iran that gives economic incentives to bringing the conflict to a close. Plus, Bloomberg macro strategist Simon White discusses the rise of debt backed by GPUs. Then, Bloomberg’s Ira Jersey joins Greg Peters, Co-Chief Investment Officer at PGIM Fixed Income, to talk their read on inflation and the job market as the FOMC gathers for the first meeting of new Fed chair Warsh’s tenure. Finally, Bloomberg’s Anthony Hughes joins Mike Dinsdale, CEO at Powerlaw, to discuss exposure to private tech companies and the tech IPO race.

Chapters:
00:00:00 – Bloomberg Businessweek Daily
00:02:38 – Markets Preview & Fed Meeting
00:03:00 – SpaceX Surges Past Amazon
00:06:24 – Why SpaceX Bought Cursor
00:11:33 – New Details on the Iran Agreement
00:18:16 – The GPU is Wall Street’s New Real Estate Trade
00:24:16 – Fed Meeting Preview & Kevin Warsh
00:36:05 – Investing in Private Tech Companies
00:50:03 – Market Wrap & Stock Movers
00:52:49 – Netflix Loses Roku Bid
00:53:46 – Moderna Jumps on FDA News
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Netanyahu Pays Political Price for Trump’s Iran Deal

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Israeli Prime Minister Benjamin Netanyahu’s relationship with President Donald Trump has become a liability now due to the US deal with Iran, which much of Israel opposes. Bloomberg’s Dan Williams reports.
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SpaceX Agrees to $60 Billion Cursor Takeover Post-IPO

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SpaceX will take over Cursor in a deal that values the artificial intelligence coding startup at $60 billion, as Elon Musk aims to catch up with rivals on coding tools. The deal is expected to close in the third quarter. Ed Ludlow reports on Bloomberg Television.
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