Bloomberg News Now: EU Trade Talks, China's Tech Ambitions, Russia Sanctions, and Nvidia Earnings

EU-US Trade Negotiations

• ⚡ The European Union has agreed to accelerate negotiations with the U.S. to avert a transatlantic trade war.
• 🎯 This move follows President Trump's extension of the deadline for imposing 50% tariffs on EU goods to July 9th.
• 🇪🇺 Negotiating with the U.S. is challenging for the EU due to its structure of 27 member states and the Trump administration's focus on large dollar figures.

China's Technological Advancement

• 🇨🇳 China's government is considering a new iteration of its 'Made in China 2025' campaign to boost high-end technological goods production.
• 📈 Policymakers aim to maintain manufacturing's share of GDP at a stable level in the medium to long term.

Sanctions and Western Weapons in Ukraine

• 🇷🇺 President Trump is considering sanctions against Russia due to its actions in Ukraine, including drone barrages.
• 💥 German Chancellor Olaf Scholz stated that Ukraine now has permission from allies to use Western weapons for strikes deep inside Russia.

US Steel Deal and Market Movements

• 🇺🇸 President Trump has reversed his stance and appears to support a deal between U.S. Steel and Japan's Nippon Steel.
• 📈 Bonds are rallying globally after Japan indicated efforts to stabilize its debt market, following weeks of rising yields.
• 📊 Nvidia's upcoming quarterly results are highly anticipated as a bellwether for growth stocks and the sustainability of the artificial intelligence boom.

Harvard Funding and Trade Schools

• 🎓 President Trump is considering diverting $3 billion in grants from Harvard University to trade schools across the U.S.
• 🏛️ The Trump administration has previously frozen federal research money for Harvard and attempted to block foreign student enrollment.