Bloomberg News Now: Economy, Markets, Ukraine, and AI Investments

Market Performance and Stock Movements

• 📈 The Dow Jones Industrial Average and S&P 500 both closed at record highs, with the Dow gaining 646 points (1.3%) and the S&P 500 up 0.2%.
• 📉 The Nasdaq experienced a slight decline, falling about 0.25%.
• 🚗 Rivian Automotive shares dropped approximately 5% after announcing development of its own AI chip for enhanced automated driving.
• 💸 Oracle shares continued their decline, falling 11% due to disappointing sales and increased AI spending.

AI Investments and Partnerships

• 🤝 Disney announced a $1 billion investment in OpenAI, licensing its characters for OpenAI's Sora short-form video platform.
• 🛡️ Disney CEO Bob Iger stated the deal respects creators and ensures guardrails are in place for safe consumer engagement with characters.

Geopolitical Developments

• 🇺🇦 Ukrainian President Volodymyr Zelensky proposed a referendum on territorial control as part of a peace plan, specifically mentioning the Donbas region as a potential "free economic zone."
• 🇷🇺 Russian President Vladimir Putin spoke with Venezuelan counterpart Nicolas Maduro, expressing solidarity amidst rising U.S. tensions.
• 🚢 U.S. forces intercepted and seized a sanctioned oil tanker off the coast of Venezuela, with the U.S. intending to seize the oil, a move Venezuela condemned as "blatant theft."

Domestic Policy and Legal News

• ⚖️ A federal judge ordered the release of Salvadoran migrant Kilmer Abrego Garcia, blocking his deportation.
• 🏥 The Senate rejected a Republican plan to replace expiring Obamacare subsidies, a move seen as a potent issue for upcoming midterms.
• 🏛️ For the second time, a grand jury declined to re-indict New York Attorney General Letitia James on alleged mortgage fraud charges.

Economic Approval Ratings

• 📉 The latest AP NORC poll indicates President Trump's approval on the economy has fallen to a new low of 31%, down from 40% in March.