U.S. Negotiating Strait of Hormuz Deal

Bloomberg News Now covers a range of major market and policy developments, including potential diplomatic progress on the Strait of Hormuz, significant gains in semiconductor and AI-related stocks, and ongoing White House efforts to establish voluntary AI safety standards. Key economic indicators show oil price declines, a widening trade deficit, and continued Federal Reserve flexibility on interest rates, while notable corporate funding rounds and earnings announcements signal activity in tech and space sectors.