Bloomberg News Now: Ukraine Peace Talks, Iran Nuclear Deal, US-China Trade, and Retail News

Ukraine Peace Talks and Diplomacy

• 🌍 Hopes are fading for a major breakthrough in the war in Ukraine, despite top U.S. and European diplomats gathering in Turkey.
• 🤝 Ukrainian President Volodymyr Zelensky is set to meet with Turkish leader Recep Tayyip Erdogan, but Russian President Vladimir Putin will not attend.
• 🗣️ NATO's Secretary General, Mark Rota, emphasized the need for Ukraine to sit down with Russians to agree on a ceasefire and begin negotiations.

Iran Nuclear Deal and Trade Negotiations

• ⚛️ President Trump stated that the U.S. is close to reaching a nuclear deal with Iran, where Iran would commit to not possessing nuclear weapons in exchange for sanctions relief.
• 🇮🇳 Trump also highlighted a significant offer from India to eliminate tariffs on U.S. goods, making trade easier.
• 🍎 Trump advised Apple CEO Tim Cook against building in India and mentioned Apple's agreement to expand U.S. production.
• 🤝 U.S. and Chinese officials met for trade talks in South Korea, following an agreement to pause some tariffs for 90 days.

Corporate News and Market Updates

• ⚖️ UnitedHealth Group is reportedly under a criminal investigation by the Justice Department for possible Medicare fraud, with shares down significantly.
• 🛒 Dick's Sporting Goods is set to acquire Foot Locker for $2.4 billion, combining two different retail business models.
• 📊 Walmart is expected to release earnings, with investor focus on how customer spending is affected by Trump's tariffs and potential gains from customers seeking lower-priced goods.
• 🍎 Walmart's grocery segment, making up half its revenue, is largely immune to tariffs, with expectations of strong same-store sales.