Bloomberg Talks

President Donald Trump announced he was extending a ceasefire with Iran indefinitely a day before it was set to expire, even as plans for a fresh round of talks between the two countries fell apart.

In a Truth Social post, Trump said Tuesday he would maintain a blockade over ships coming to and from Iran in the Strait of Hormuz. He said Pakistan, which had mediated between the two sides, asked for the US to hold off on fresh strikes and he was extending the ceasefire until Iran submits a new proposal “and discussions are concluded, one way or the other.”

For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:
Wendy Benjaminson, Bloomberg News Senior Editor
Terry Haines, Pangaea Policy Founder
Adam Farrar, Bloomberg Economics Senior Geoeconomics Analyst
Ambassador James F. Jeffrey, Philip Solondz Distinguished Fellow at The Washington Institute
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UniCredit SpA Chief Executive Officer Andrea Orcel said he’ll put his yearslong effort to buy Commerzbank AG on hold if his takeover bid fails to win him control over the lender. “If we do not reach control, we will take a pause, and we will focus on other topics that we have internally,” Orcel said on Bloomberg Television.
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Ukraine is open to delay access to the EU Common Agricultural Policy (CAP) funding initially, however, it may become part of negotiations over the next seven-year budget, which would begin in 2034, Ukraine’s Deputy Prime Minister Taras Kachka says in an interview on Bloomberg TV.
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DHL Group CEO Tobias Meyer discusses the recent impact of conflict in the Middle East on his firm's operations, particularly the continued closure of the Strait of Hormuz and resulting constraints on jet fuel. Meyer says the Group has seen some impact during transit through Asian airports where he's most concerned about supplies. He spoke to Stephen Carroll on Bloomberg Daybreak Europe.
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Apple named hardware chief John Ternus as the iPhone maker’s next leader, with Chief Executive Officer Tim Cook shifting to the role of executive chairman.

Ternus, 50, will become CEO on Sept. 1, the company said in a statement Monday. The Apple veteran was head of hardware engineering since 2021 and has spent 25 years focused on product development at the iPhone maker. Bloomberg News previously reported that Ternus was Cook’s heir apparent.

Ternus’s hardware engineering division will be taken over by longtime deputy Tom Marieb, according to a person with knowledge of the matter. He will report to newly named Chief Hardware Officer Johny Srouji. In that role, Srouji is gaining oversight of a newly combined hardware engineering and hardware technologies group.

For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:
Bloomberg News Senior Executive Editor for Global Technology Tom Giles
Bloomberg Intelligence Global Tech Research Head Mandeep Singh
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