Trump declares ceasefire over

Bloomberg Morning Briefing Americas  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

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Good morning. Donald Trump declares the Iran ceasefire over. A Midtown Manhattan building scare eases. And we take a closer look at the anti-inflammation craze. Listen to the day’s top stories. — Hellmuth Tromm Market Snapshot S&P 500 Futures 7,480.50 -0.9% Nasdaq 100 Futures 29,016.25 -1.3% WTI Crude Oil Futures $74.27 +5.4% Market data as of 06:39 AM ET. Data is subject to provider delays. Your watchlist No more truce. Donald Trump declared the ceasefire with Iran over after the US carried out a new round of strikes on more than 80 sites in Iran and revoked a waiver allowing new oil sales. This followed a series of attacks on ships in the Strait of Hormuz. Brent crude jumped as a handful of oil carriers appeared to transit through the chokepoint. Iran has floated charging transit fees: here’s an explainer of how that may work. Iran will remain at the forefront of the second and final day of NATO’s summit in Istanbul after allies yesterday agreed on a $50 billion initiative to develop long-range strike weapons. Trump is also set to hold a bilateral meeting with Volodymyr Zelenskyy, who will renew his push for much-needed Patriot air defense systems. The US president appeared relaxed at last night’s leaders’ dinner, even chatting with Italian Prime Minister Giorgia Meloni despite their recent feud. Markets are under pressure as tensions in the Middle East escalate, with US futures extending losses after yesterday’s chipmaker selloff. In Asia, the AI rotation sent South Korean stocks tumbling. Chinese stocks in Hong Kong, meanwhile, jumped the most in 14 months as investors took a fresh look at markets that appear less stretched. Of note, Hedge funds are on track for their best first half since 2021. Clash of Florida Titans Pits Powerful Tribe Against Homebuilder Lennar New Yorkers can breathe a sigh of relief after officials deemed a Midtown high-rise feared to be at risk of collapse structurally stable, according to the AP. The developer described the structural concerns as “very small,” and residents were allowed back into nearby buildings that had been evacuated. Maine Democrats, meanwhile, are moving on from Graham Platner, urging the 41-year-old oysterman and veteran to immediately withdraw from the US Senate race following allegations of sexual assault. The party also said he would have no role in choosing a replacement. Several potential successors are already weighing a bid in a race Democrats see as critical to retaking the Senate.  Deep Dive: Expat Playbook Union Jack flags on Westminster Bridge opposite the Houses of Parliament. Photographer: Mike Kemp/In Pictures/Getty Images More Americans are looking to live and work abroad, with Britain among the top destinations. Here’s how to navigate tax pitfalls, manage finances and keep building wealth across borders. Consider a UK pension, which is generally recognized under the US-UK tax treaty and can offer employer matching and tax advantages. Buying UK property can be a sound investment, but beware of stamp duty, currency risk and inheritance tax. The core principles of financial management don’t change when you move abroad: assess your financial goals and position, and make sure you have an adequate emergency fund. Britain isn’t the only option: ancestry, work visas and investment programs can also open the door to life elsewhere in Europe. The Big Take Photographer: Gaby Oraa/Bloomberg Wildcatters are racing to tap Venezuela’s vast oil reserves, moving faster than Big Oil. The push comes despite earthquake disruptions and lingering political uncertainty. Big Take Podcast China Flashes Its Military Muscle Opinion The Canal Qiyuan DeepSeek Home in Hangzhou, Zhejiang Province, China. Photographer: CFOTO/Future Publishing/Getty Images Anthropic and OpenAI face a new threat, writes Parmy Olson. As the cost of the most powerful AI keeps climbing, more Silicon Valley startups are swapping homegrown models for Chinese tech. More Opinions John Authers Iran Can’t Help Gloating, and Oil Prices Go Up Noah Feldman The Supreme Court’s Originalism Is Dead, Dead, Dead The Editors Signing Paperwork Won’t Stop Government Leaks Play Alphadots! Our daily word puzzle with a plot twist. Play now! Before You Go Lymphatic drainage and anti-inflammatory messaging is taking over the wellness industry.  Source: Getty Images Inflammation is the wellness industry’s latest buzzword. Luxury retreats are charging up to $4,000 for treatments that promise to combat it. We take a look inside the trend. A Couple More USA-Belgium World Cup Match Draws Record 42 Million Viewers Samsung to Get Jump on Apple’s First Foldable With New Phones in July 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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