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Bloomberg Morning Briefing Americas  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

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Good morning. A deal is reached to get LIRR trains running again. Donald Trump holds off on bombarding Iran. And how one bank is replacing what it called “lower-value human capital,” aka people, with AI. Listen to the day’s top stories. — Marcus Wright Market Snapshot S&P 500 Futures 7,400.00 -0.3% Nasdaq 100 Futures 28,919.25 -0.6% Bloomberg Dollar Spot Index 1,202.89 +0.3% Market data as of 07:08 AM ET. Data is subject to provider delays. Your watchlist New York City’s transit system and Long Island Rail Road workers reached a potential labor deal, ending a historic strike that suspended service on the largest commuter line in the US. Some services will resume at noon today, just hours before the Knicks face the Cavaliers at Madison Square Garden in the NBA Playoffs—an event that relies on the LIRR to ferry many Long Island fans to the stadium. Donald Trump said he called off a new bombardment of Iran planned for today because Saudi Arabia and other Persian Gulf allies wanted more time to pursue diplomacy. In a sign the US blockade of Iranian ports is biting, the country’s main oil export facility at Kharg Island has been devoid of tankers for over a week. Markets are still trying to figure which direction things are headed, with oil dropping as traders await signs of progress toward a peace deal. Google and Blackstone are creating an AI cloud business to compete with companies like CoreWeave. Elsewhere, Meta is reassigning 7,000 workers to new AI jobs, part of a restructuring that includes staff reductions. Standard Chartered, the London-headquartered bank, meanwhile is eliminating close to 8,000 jobs by using AI to replace what it called lower-value human capital. And here’s what’s unusual about the latest crop of AI billionaires (clue: one is a published poet). To Sell a Home in This California City, It Must Be Climate Friendly Read more Three people were killed on Monday in a shooting at the Islamic Center of San Diego and two teenage suspects were later found dead a few blocks away. One of the victims was a mosque security guard who “played a pivotal role in assisting from this being much worse,” said San Diego Police Chief Scott Wahl. A US missionary tested positive for the Ebola virus after being exposed in the Democratic Republic of the Congo, the CDC said. The US banned non-citizens who have been in the DRC, South Sudan or Uganda within the previous three weeks from entering the country. Here’s our explainer on the crisis. Spring Sale: Save 60% on your first year Get the numbers behind the narratives. Enjoy unlimited access to Bloomberg.com and the Bloomberg app, plus market tools, expert analysis, live updates and more. Offer ends soon. Unlock 60% off Deep Dive: Loosening Crypto Constraints SEC chairman Paul Atkins speaks during the DC Blockchain Summit in Washington on March 17. Photographer: Al Drago/Bloomberg The Trump administration is poised to roll out a plan for trading digital versions of securities that could reshape the landscape of the American stock market, as it continues to loosen the rules for free-wheeling crypto markets. The move by the Securities and Exchange Commission would mark one of the most significant regulatory tests of whether stock trading can migrate onto crypto infrastructure without the protections that govern traditional equity markets. In another example of the growing role of crypto in capital markets, Bullish agreed earlier this month to buy transfer agent Equiniti in a $4.2 billion deal. And the energy sector is experimenting too. Commodity trading house Trafigura is in talks with Tether about a pilot project to use its stablecoin at fuel stations. But it’s not all plain sailing. After a year of kidnappings, assaults and armed home invasions targeting cryptocurrency holders, the industry is tightening its defenses. At a recent Bitcoin conference in Las Vegas, high-profile speakers were trailed by personal bodyguards. Bloomberg Tech returns to San Francisco on June 3-4. Led by Emily Chang and Tom Giles, it convenes leading CEOs, investors and innovators driving the industry forward. Register here. The Big Take Photographer: Wayan Barre/Bloomberg Meta is building one of the world’s largest data centers in one of the poorest corners of America. Mark Zuckerberg’s $200 billion project is transforming rural Louisiana and entangling his company in the state’s politics, culture and economy. Big Take Podcast What theTrump-Xi Summit Means for Trade Opinion Sam Altman inside the federal court in Oakland, California, on April 29. Photographer: David Paul Morris/Bloomberg Jurors in the Oakland, California trial may have passed up the opportunity to deliver a verdict on Sam Altman’s integrity in creating OpenAI, Dave Lee writes. But Wall Street might still take that question into account if and when the company attempts to go public. More Opinions John Authers The Great Bond Car Wreck — in Slow Motion The Editors Congress Should Stop Dodging Its Responsibilities on Iran Play Alphadots! Our daily word puzzle with a plot twist. Today’s clue is: Federal reserve? Play now! Before You Go Players gathered for a game at the Mahjong and Mindfulness retreat in Cold Spring, New York in March. Photographer: Cole Wilson/Bloomberg The mahjong revolution is getting together with the spa weekend. Once seen as the domain of suburban housewives and Jewish grandmothers, the game has undergone a lifestyle glow-up, part of a Gen Z-led revival of traditional hobbies including embroidery circles and sourdough workshops. A Couple More Trump Announces Discount Drug Pricing Expansion With Mark Cuban What Went Awry With AP and Swatch’s Royal Pop Launch More From Bloomberg Enjoying Morning Briefing Americas? Get more news and analysis with our regional editions for Asia and Europe. Check out these newsletters, too: AI Today chronicles the disruptions and threats of AI Market Moves delivers the pulse of the market to your inbox Markets Daily has what’s moving in stocks, bonds, FX and commodities Opinion Today for an afternoon roundup of our most vital opinions Texas Edition dives into the companies and people powering America’s second-largest economy Explore all newsletters at Bloomberg.com. We’re improving your newsletter experience and we’d love your feedback. If something looks off, help us fine-tune your experience by reporting it here. Follow Us You received this message because you are subscribed to Bloomberg’s Morning Briefing Americas newsletter. 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