FTX co-founder Sam Bankman-Fried was sentenced to 25 years in prison for stealing billions of dollars from customers, marking the final chapter in a case that has both captivated and overshadowed the crypto industry. Bloomberg Radio hosts Paul Sweeney, Alix Steel, Joe Mathieu and Kailey Leinz discuss, with instant reaction and analysis from Bloomberg Law host June Grasso and Bloomberg News legal editor Peter Jeffrey. 

FTX co-founder Sam Bankman-Fried was sentenced to 25 years in prison for stealing billions of dollars from customers, marking the final chapter in a case that has both captivated and overshadowed the crypto industry. Bloomberg Radio hosts Paul Sweeney, Alix Steel, Joe Mathieu and Kailey Leinz discuss, with instant reaction and analysis from Bloomberg Law host June Grasso and Bloomberg News legal editor Peter Jeffrey.

Listen for today's top stories, with context, in just 15 minutes. 

Each morning, hosts Nathan Hager and Karen Moskow bring you the latest on US politics, foreign relations, business, financial markets and global economics. The show is recorded at 5 AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Listen for today's top stories, with context, in just 15 minutes. Each morning, hosts Nathan Hager and Karen Moskow bring you the latest on US politics, foreign relations, business, financial markets and global economics. The show is recorded at 5 AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Bloomberg Daybreak: US Edition

Listen for today's top stories, with context, in just 15 minutes. 

Each morning, hosts Nathan Hager and Karen Moskow bring you the latest headlines on US politics, foreign relations, financial markets and global economics. The show is recorded at 5AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Listen for today's top stories, with context, in just 15 minutes. Each morning, hosts Nathan Hager and Karen Moskow bring you the latest headlines on US politics, foreign relations, financial markets and global economics. The show is recorded at 5AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

INSTANT REACTION: Bankman-Fried Sentenced to 25 Years

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/73cb5379-4abf-45c0-8e1d-b141010edd91/transcript

Today's top stories, with context, in just 15 minutes.

On today's podcast:

1) Iran said the latest US proposal partly bridged the gap between the warring sides, but comments from the Islamic Republic's supreme leader clouded the outlook for a breakthrough. The US has demanded Tehran hand over its enriched uranium and commit to ending enrichment, while Iranian leaders have balked at those terms in public. The conflicting statements on key issues left it unclear if the two sides were any closer to a deal after renewed threats of escalation in recent days.

2) NATO Secretary General Mark Rutte welcomed President Donald Trump's announcement to send additional troops to Poland. The announcement increased a sense of confusion within the alliance, with officials saying they would prefer US moves to be coordinated. The US is expected to announce adjustments to national forces set to be made available in case of crisis or war, which may include cuts to troops in NATO's force model.

3) Stephen Colbert hosted the last episode of his namesake show on CBS, mostly steering clear of political jokes and criticism of President Trump. The show featured a parade of actors and comedians, including Bryan Cranston and Paul McCartney, who closed the program with a performance of the Beatles hit Hello, Goodbye. Colbert's show is being replaced by Comics Unleashed, a program hosted by Byron Allen, who said the show steers clear of politics and intends to make money selling ads.

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) Iran said the latest US proposal partly bridged the gap between the warring sides, but comments from the Islamic Republic's supreme leader clouded the outlook for a breakthrough. The US has demanded Tehran hand over its enriched uranium and commit to ending enrichment, while Iranian leaders have balked at those terms in public. The conflicting statements on key issues left it unclear if the two sides were any closer to a deal after renewed threats of escalation in recent days.
2) NATO Secretary General Mark Rutte welcomed President Donald Trump's announcement to send additional troops to Poland. The announcement increased a sense of confusion within the alliance, with officials saying they would prefer US moves to be coordinated. The US is expected to announce adjustments to national forces set to be made available in case of crisis or war, which may include cuts to troops in NATO's force model.
3) Stephen Colbert hosted the last episode of his namesake show on CBS, mostly steering clear of political jokes and criticism of President Trump. The show featured a parade of actors and comedians, including Bryan Cranston and Paul McCartney, who closed the program with a performance of the Beatles hit Hello, Goodbye. Colbert's show is being replaced by Comics Unleashed, a program hosted by Byron Allen, who said the show steers clear of politics and intends to make money selling ads.

US-Iran Talks Get Complicated; Stephen Colbert's Final Show

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ccecef7c-86c5-4f95-a3bb-b45200a30a9d/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) Nvidia reported another blowout earnings report and beat analyst estimates, but faced skepticism from some investors. The tech giant aims to rely less on giant data center operators and predicts other businesses and governments will become a bigger source of revenue for its chips and computing products to support artificial intelligence ambitions. The company faces growing competition from chipmakers trying to carve out a piece of the AI computing business, and major buyers of Nvidia's technology are developing their own in-house components. Nvidia's sales gained 85% to $81.6 billion in the three months ended April 26, and the company boosted its quarterly dividend and announced $80 billion in stock repurchases, but investors were not swayed and shares slipped about 1% in late trading.
2) SpaceX filed for an initial public offering, revealing billions in losses and a super-voting share plan allowing Elon Musk to keep the company under his control. The company's goals include a human settlement on Mars with at least 1 million inhabitants and making data centers in space a reality, part of a $28.5 trillion total addressable market. The IPO is targeted to raise as much as $75 billion, with Musk standing to benefit significantly, including potentially receiving as many as 1 billion shares if he meets certain goals.
3) Iran is assessing the latest peace proposal from the US, as the countries seek to avoid a resumption of hostilities. The exchange of messages is based on Iran’s 14-point text, which suggests a short-term deal that would see Iran reopen the Strait of Hormuz and the US lift a blockade of Iranian ports. Iran gave no indication of when it would respond to the US and reiterated it wants a commitment that fighting will end “on all fronts, including Lebanon.”

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Nvidia reported another blowout earnings report and beat analyst estimates, but faced skepticism from some investors. The tech giant aims to rely less on giant data center operators and predicts other businesses and governments will become a bigger source of revenue for its chips and computing products to support artificial intelligence ambitions. The company faces growing competition from chipmakers trying to carve out a piece of the AI computing business, and major buyers of Nvidia's technology are developing their own in-house components. Nvidia's sales gained 85% to $81.6 billion in the three months ended April 26, and the company boosted its quarterly dividend and announced $80 billion in stock repurchases, but investors were not swayed and shares slipped about 1% in late trading. 2) SpaceX filed for an initial public offering, revealing billions in losses and a super-voting share plan allowing Elon Musk to keep the company under his control. The company's goals include a human settlement on Mars with at least 1 million inhabitants and making data centers in space a reality, part of a $28.5 trillion total addressable market. The IPO is targeted to raise as much as $75 billion, with Musk standing to benefit significantly, including potentially receiving as many as 1 billion shares if he meets certain goals. 3) Iran is assessing the latest peace proposal from the US, as the countries seek to avoid a resumption of hostilities. The exchange of messages is based on Iran&rsquo;s 14-point text, which suggests a short-term deal that would see Iran reopen the Strait of Hormuz and the US lift a blockade of Iranian ports. Iran gave no indication of when it would respond to the US and reiterated it wants a commitment that fighting will end &ldquo;on all fronts, including Lebanon.&rdquo;

Nvidia Earnings Lead to Share Slump; SpaceX IPO Details

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/0d7b281e-e7e0-44be-8321-b45100a32236/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) Ed Gallrein, President Trump's hand-picked candidate, defeated Thomas Massie in a congressional primary in Northern Kentucky. Gallrein's victory is seen as a sign of Trump's grip over his base in solid Republican states, despite national surveys showing the broader electorate souring on the president's handling of issues. The primary was one of the most expensive on record, with nearly $33 million spent.
2) President Trump threatened to resume strikes on Iran in the coming days as part of the push for a deal to end the war. The Republican-led US Senate signaled opposition to continuing the war with a procedural vote on Tuesday evening that reflected deepening unease over a foreign conflict. Vice President JD Vance projected a slightly more positive tone on the negotiations, saying "we think that we've made a lot of progress, we think the Iranians want to make a deal," but also threatened a resumption of strikes.
3) Talks between Samsung and its largest labor union broke down, raising the prospect of a strike that may disrupt global chip supply and hamper Korean economic growth. A general work stoppage will go ahead after Samsung’s management rejected a proposal from government mediators that had been accepted by the union, according to labor leader Choi Seung-ho. The collapse in negotiations puts the global technology supply chain at risk because Samsung is the world’s biggest supplier of chips that go into devices from data center servers to smartphones and electric vehicles.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Ed Gallrein, President Trump's hand-picked candidate, defeated Thomas Massie in a congressional primary in Northern Kentucky. Gallrein's victory is seen as a sign of Trump's grip over his base in solid Republican states, despite national surveys showing the broader electorate souring on the president's handling of issues. The primary was one of the most expensive on record, with nearly $33 million spent. 2) President Trump threatened to resume strikes on Iran in the coming days as part of the push for a deal to end the war. The Republican-led US Senate signaled opposition to continuing the war with a procedural vote on Tuesday evening that reflected deepening unease over a foreign conflict. Vice President JD Vance projected a slightly more positive tone on the negotiations, saying "we think that we've made a lot of progress, we think the Iranians want to make a deal," but also threatened a resumption of strikes. 3) Talks between Samsung and its largest labor union broke down, raising the prospect of a strike that may disrupt global chip supply and hamper Korean economic growth. A general work stoppage will go ahead after Samsung&rsquo;s management rejected a proposal from government mediators that had been accepted by the union, according to labor leader Choi Seung-ho. The collapse in negotiations puts the global technology supply chain at risk because Samsung is the world&rsquo;s biggest supplier of chips that go into devices from data center servers to smartphones and electric vehicles.

Primaries Show Trump's Political Power; Threat of More Iran Strikes

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3fe4534d-74df-4901-b3d0-b45000a1f509/transcript

INSTANT REACTION: Bankman-Fried Sentenced to 25 Years

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