Bloomberg News Now: Ukraine Attack, Tech Tariffs, Iran Talks, and More

Deadly Russian Attack on Ukraine

• 💥 Dozens were killed in a Russian missile attack on the Ukrainian city of Sumi, striking the city center during Palm Sunday celebrations.
• 🇺🇦 Videos show bodies and debris in the streets, with officials confirming the use of ballistic missiles.

US Tech Tariffs and Market Reactions

• 💡 The Trump administration has exempted smartphones, computers, and other electronics from reciprocal tariffs on China and other countries.
• 📈 This reprieve for U.S. tech companies like Apple and Nvidia could be temporary, as other sector-based tariffs may be introduced, including on the semiconductor industry.
• 🎢 Stocks experienced a volatile week due to escalating trade wars, with market strategist Sarah Hunt noting both significant gains and losses for investors.

International Relations and Negotiations

• 🇯🇵 Japan's LDP policy chief stated that Japan is not planning to use its U.S. Treasury holdings as a negotiating tool against U.S. tariffs.
• 🤝 Iran described its first formal talks with the Trump administration regarding its nuclear program as constructive, with further meetings scheduled.

Tragic Helicopter Crash and Political Commentary

• 🚁 A helicopter crash in the Hudson River, which killed six people including three children, is under investigation by the NTSB. The helicopter lacked a flight data recorder and had a troubled safety history.
• 🗣️ Senator Bernie Sanders criticized proposed cuts to Medicaid, nutrition, and healthcare, suggesting they benefit billionaires through tax breaks, and invited the President to discuss this in L.A.

Masters Tournament Update

• ⛳ In the final round of the Masters, Rory McIlroy is leading, followed by Bryson DeChambeau and Corey Conners, with defending champion Scottie Scheffler trailing.