Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) President Trump signaled he is unlikely to extend a two-week ceasefire with Iran that’s set to expire in two days. The president said the Strait of Hormuz would stay blockaded for now, and “I’m not opening it until a deal is signed.” Iranian officials have stopped short of explicitly ruling out participation in the talks in Pakistan, reinforcing expectations that both sides are continuing to explore a deal to end the war.
2) Apple announced longtime CEO Tim Cook will be replaced by John Ternus, with Ternus taking the job in September, and the company implying that he will bring continuity and help preserve Cook's legacy. Ternus is expected to bring a more decisive leadership style, moving faster and sharpening Apple's competitiveness in AI, and will oversee the launch of new products, including Apple's first foldable iPhone and a fresh start for Siri.
3) Amazon is investing an additional $5 billion in Anthropic and may inject $20 billion more over time. The deal was struck at a valuation of $350 billion, and Anthropic plans to spend more than $100 billion over the next 10 years on Amazon’s cloud technologies and chips. Amazon will provide Anthropic with chips to reach about 5 gigawatts of power, and the companies said more than 100,000 customers run Claude models on Amazon Web Services.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) President Trump signaled he is unlikely to extend a two-week ceasefire with Iran that&rsquo;s set to expire in two days. The president said the Strait of Hormuz would stay blockaded for now, and &ldquo;I&rsquo;m not opening it until a deal is signed.&rdquo; Iranian officials have stopped short of explicitly ruling out participation in the talks in Pakistan, reinforcing expectations that both sides are continuing to explore a deal to end the war. 2) Apple announced longtime CEO Tim Cook will be replaced by John Ternus, with Ternus taking the job in September, and the company implying that he will bring continuity and help preserve Cook's legacy. Ternus is expected to bring a more decisive leadership style, moving faster and sharpening Apple's competitiveness in AI, and will oversee the launch of new products, including Apple's first foldable iPhone and a fresh start for Siri. 3) Amazon is investing an additional $5 billion in Anthropic and may inject $20 billion more over time. The deal was struck at a valuation of $350 billion, and Anthropic plans to spend more than $100 billion over the next 10 years on Amazon&rsquo;s cloud technologies and chips. Amazon will provide Anthropic with chips to reach about 5 gigawatts of power, and the companies said more than 100,000 customers run Claude models on Amazon Web Services.

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.

Bloomberg Daybreak: US Edition

Trump: No Truce Extension for Iran; Apple Announces New CEO

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/b19c5e93-3510-43cc-9ce7-b433009cd2bc/transcript