News when you want it with Bloomberg News Now, I'm made Kalenki. Hammas said it submitted a response to the US proposal for a truce in Gaza, but Trump Administration on voye Steve Whitcough quickly dismissed it as totally unacceptable. Whitcof said Saturday in a post on X Hamas should accept the framework proposal we put forward. He added that further talks on a truce can begin immediately this coming week.
The key differences between the US proposal and Hamas's response appear to be the duration of any truce and the extent to which Israeli forces withdraw. Hamas responded earlier in the day to the US proposal with changes that aim to quote achieve a permanent ceasefire, a comprehensive withdrawal from the Gaza Strip, and ensure the flow of aid to
our people and our families in the strip. Opek agreed to surge oil output for the third month in a row, despite reservations from key member Russia, doubling down on a historic policy shift that has sent crude prices sinking. Oil producing nations led by Saudi Arabia agreed during a video conference on Saturday, to add four hundred and eleven thousand barrels a day to the market in July. The hike matches increases scheduled for May and June, marking a radical
reversal from defending prices to actively driving them lower. Bloomberg's Grant Smith says today's OPEK move could drive Brent crude and other oil prices even lower.
We're around about sixty four dollars for burrow currently for Brent futures, and the market is already looking pretty fragile. Demand growth is slowing, particularly in China, which has been the engine of growth the past couple of decades. Well, at the same time, we have plenty of supplies outside of OPEC in the US, in Brazil, Guiana and elsewhere.
Bloomberg's Grant Smith. In London, Elon Musk said that he is not using the drug ketamine, disputing a report by The New York Times that alleged extensive use of that and other drugs. Musk hot on X, I tried prescription kenemede a few years ago and said, so on X, so this is not even news. It helps her getting out of dark mental holes. But I haven't taken it
since then. Musk added that the newspaper was lying. Musk, who had been working at it as a close advisor to President Trump and his efforts to cut government spending, stepped away from that role Friday. New German Chancellor Friedrich Meyers will meet with President Trump at the White House this week, and this could be significant when it comes to Ukraine and some other major issues. We get more from Bloomberg's than Eis Pellegrini, a.
German official, says. The two leaders will meet at the White House Thursday to discuss topics including Russia's war in Ukraine, the Middle East situation, and trade policy. And the meeting comes after Murz traveled to several European countries to meet with allies, including France and Poland. Murs visit also aims to improve ties with the Trump administration, which had been a bit tense due to differences over support for Ukraine
and also trade issues. The two leaders planned to hold a press conference together before Murz flies back to Berlin. Denise pell a gritty Bloomberg Radio.
And with that Jeff Bezos' Blue Origin launched six people on a space tourism flight Saturday, The suborbital trip lasted eleven minutes. The mission lifted off from Launch Site one in West Texas. It marks the thirty second flight of the reusable New Shepherd rocket, as well as the company's twelfth human spaceflight. The White House sid it would name a new nominee for NASA Administrator, just days before billionaire Jared Isaacman, the current pick, was to face his planned
Senate confirmation vote. It wasn't immediately clear why President Trump was dropping the nomination of Isaacman, who had already been approved by the Senate Commerce Committee. Sources tell Bloomberg Taiwan's Semiconductor and Manufacturing is evaluating building an advanced production facility in the United Arab Emirates and has discussed the possibility with Trump administration officials. We get this story from Bloomberg's Charlie Pellett.
It's a potentially major bed on the Middle East that would only come to fruition with Washington's approval. Those sources say the company has had multiple meetings in recent months with Steve Whitcoff, the US Special Envoy to the Middle East, and officials from MGX, an influential investment vehicle overseen by the UAES president's brother. Those conversations are a continuation of talks that began under President Biden's administration but died down
by the end of his term. In New York, Charlie Bloomberg Radio.
After three rounds of the Memorial at Mirrorfield, Scottie Scheffler four under for Saturday, eight under for the tournament, heads into Sunday's final round with a one stroke lead. After three rounds of the US Women's Open, Masha Start two under for Saturday, seven under for the tournament. She will head into Sunday's final round with a one shot lead. That's news when you want it with Bloomberg News. Now I made Kaleggy.
This is Bloomberg