News when you want it with Bloomberg News Now, i'med Kleggi. Microsoft is investigating whether a leak from its early alert system for cybersecurity companies allowed Chinese hackers to exploit flaws in its SharePoint service before they were patched. This according
to people familiar with the matter. The technology company is looking into whether the program, designed to give cybersecurity experts a chance to fix computer systems before the revelation of news security concerns, led to the widespread exploitation of vulnerabilities in its SharePoint software globally over the past several days.
The Wall Street Journal reports that Health and Human Services Secretary Robert F. Kennedy Junior plans to oust members of the advisory board that decides which preventative health measures are covered by insurance. Kennedy is expected to remove the sixteen members of the US Preventative Services Task Force because he views them as woke. The Journal reported this signing sources
familiar with the matter. The task Force makes recommendations about the best preventive services, including cancer screenings, behavioral counseling, and medications, for the federal government based on a review of scientific evidence. Their group was created in nineteen eighty four and as comprised of volunteer physicians who were vetted for their conflicts of interest. Wall Street wraps up the trading week at a record We get more on this from Bloomberg's Charlie Pellett.
The S and P five hundred index is now at sixty three eighty eight, ending the week with a gain of about one and a half percent. Stock's advanced amid a solid earning season and hopes for trade deals. Progress on trade, positive economic data, and signs of corporate resilience of offset worries that stocks are overheating, with more than eighty percent of S and P five hundred companies exceeding profit estimates. For the week, the Dow was up one
point three percent. NASDACK advanced one percent in New York. Charlie Pellett Bloomberg Radio.
European Commission President Ursula vonder Layan said she will travel to Scotland this weekend to meet with President Trump, as the two sides aimed to conclude a trade deal ahead of in August first deadline, when thirty percent tariffs on the blocks exports are otherwise due to kick in. After months of talks in shuttle diplomacy between Brussels and Washington. The two sides have been zeroing in on an agreement this past week that would see the EU phase fifteen
percent tariffs on most of its trade. Bloomberg previously reported limited exemptions are expected for aviation, some medical devices in generic medicines, several spirits, and a specific set of manufacturing equipment that the US needs. Israeli Prime Minister of Benjamin Netanyah, who said Fridi his government was considering alternative options to cease fire talks with a mass after Israel and the US recall their negotiating teams, throwing the future of the
negotiations into further uncertainty. Netanyah, who's statement came as a Hamas official, said negotiations were expected to resume next week and portrayed the recall of the Israelian American delegations as a pressure tactic. We get more from Bloomberg's Jamano burkeetche in Dubai.
There were hopes that maybe a ceasefire would be agreed to once again between Hama and the Israeli side, but as we found out in the last twenty four hours, negotiations have broken down and the US have fully withdrawn their teams now from Doha at Steve Whitcoff, the US Middle East Envoy, saying that Hamaser not acting.
In good faith, and Bloomberg's germana Burguecci says Following that pull out, French President Emmanuel mal Crone said he would recognize Palestine as a state this fall. Secretary of State Mark Arrubio called that move a slap in the face to the October seventh victims. A federal judge Fridday blocked the Trump administration from ending birthright citizenship for the children of parents who are in the US illegally, issuing the third Court ruling blocking the birthright order nationwide. It's a
key Supreme Court decision. In June, US District Judge Leo Serrocn found that a nationwide injunction granted to more than a dozen states remains in force under an exemption to the Supreme Court ruling. The states have argued that Trump's birthright citizenship order is blatantly unconstitutional and threatens millions of dollars for health insurance services that are contingent on citizenship status. The issue is expected to move quickly back to the
nation's highest court. The Federal Reserve is offering a note of thanks on social media to President Trump after his visit to the Central Bank's headquarters, where he kept up some of his criticism over its cost overruns. Bloomberg's Michael McKee has more from New York.
The Federal Reserve says they were honored to welcome the President yesterday for a visit to our historic headquarters. We appreciated the opportunity to share progress on the renovation with him and with Senators Tim Scott and Tom Tillis. They're grateful for the President's encouragement to complete this project, and they say they remain committed to continuing to be careful stewards of these resources as we see the product through to completion.
Bloomberg's Michael McKee. The Friday numbers on Wall Street, the down was up two oh eight, NASDAK gain fifty, the S and P up twenty five. The ten year Treasury yield is at four point three eight percent, the two year at three point nine two percent. That's news when you want it. With Bloomberg News Now, I made Kleggy. This is Blomberg