FTC拟起诉亚马逊虚假广告，美伊冲突推高油价

News when you want it. With Bloomberg News now, I'm Amy Morris. There's your closing bell for this Monday on Wall Street, where stocks and bonds fell after a flare up in the Middle East pushed oil prices higher and raised concerns about inflationary pressures. And we bring you those closing numbers each day here at Bloomberg. The S&P 500 lost 25 points. Nasdaq down 32 points. The Dow lost 374 points. The ten year Treasury yield at 4.74%, the two year yield at 4.33%, and the 30 year Treasury yield at 5.23%.

Traders now currently pricing in a 68% chance of a rate hike at the September meeting. And this just crossing the Bloomberg terminal, the Supreme Court will allow President Trump to keep building his new white House ballroom for now. Brushing aside conclusions by two lower courts that he is probably breaking the law. The decision is a triumph for Trump, who has pursued the project even as he grapples with other challenges.

The project is being challenged by the National Trust for Historic Preservation in the U.S., a nonprofit organization that says the ballroom will have permanent adverse impacts on the cultural landscape of the area surrounding the white House. The Federal Trade Commission plans to sue Amazon over claims that the company misled advertisers on prices. A group of U.S. states is set to join this potential lawsuit, which could lead to civil penalties.

Amazon says the FTC investigators misrepresented how its advertising auctions work and presented no evidence of any harm to shoppers. Amazon shares fell more than 2% in regular trading. The Trump administration has struck new drug pricing agreements with nine biotech and pharmaceutical companies. The companies will provide discounts on outpatient drugs to state Medicaid programs so that the prices that states pay align with what the companies charge in foreign countries.

President Trump says that under these agreements, every drug will be at the lowest prices available anywhere in the world. Tim Cook told employees that he will miss being Apple CEO, but has enormous comfort in the leadership of his replacement. John Turnus, Bloomberg News managing editor for Global consumer tech Mark Gurman says Tim Cook will still be there, at least for a while. He's there to do the so-called dirty work on the government relations side.

While Turnus is running and setting the agenda for the company and the day to day basis. But this is going to be an ongoing transition for the next several months, and I expect Tim Cook to be there in a really intimate way, uh, likely through 2028 into 2029. As executive chairman, cook will remain responsible for working with governments around the world, including those of the U.S. and China. The U.S. and Iran exchanged strikes for the first time in about a month as American forces hit an island in the Strait of Hormuz, and Iran responded by launching attacks on the United Arab Emirates and Jordan.

And the U.S. has targeted Iranian attempts to mine the Strait of Hormuz. Retired General Ben Hodges, who commanded U.S. forces in Europe, suggests the administration exaggerated the success of previous attacks. If we've destroyed all of their rocket launchers, and how did they get these two that are out there getting ready to put mines back into the strait? No doubt a lot has been terribly damaged or destroyed, but for the purpose of disrupting flow through the strait, ships captains and insurance companies just have to be concerned about the risk.

And that risk is obviously still there. Retired General Ben Hodges on balance of power while speaking to reporters at the G20 finance ministers meeting in North Carolina, Treasury Secretary Scott Benson was asked if Iran is taking U.S. sanctions seriously. They're taking them very seriously. If you look back what the Iranian political leadership has said over the past ten days, uh, they're they're in shock at the state of their economy.

And, you know, we were seeing gas lines. Could you imagine a country in the world with the third largest amount of, uh, energy resources. Has to import gasoline since they now have three four hour gas lines that go through the night. Treasury Secretary Scott present crude oil now more than 2.5% higher. WTI nearing $86 a barrel and Brent crude topping $90 a barrel. Nvidia making a big bet on the future of AI. The company investing $3.5 billion into media tech.

The move deepens the collaboration with the Taiwanese chipmaker, Nvidia CEO Jensen Huang says. This is one of the largest partnerships Nvidia has. This new product line we call DGX spark, and then RTX spark for PCs is a major investment for us. We have a major commitment to the entire PC industry, and so this partnership expands upon that. Nvidia CEO Jensen Huang on Bloomberg TV. Nvidia shares rose about 1% in regular trading.

That's news when you want it with Bloomberg News now. I'm Amy Morris and this is Fresh Air.