Episode summary
US Insists Talks Ongoing Even as Iran Rejects Trump Outreach | Bloomberg Businessweek
Bloomberg Businessweek Daily
· · Hosts: Carol Massar, Tim Stenovec · Guests: Michelle Jamrisko, Dan Letter, Rachel Metz, June Grasso
Summary
The episode opened with the White House insisting negotiations with Iran were still active even as Tehran publicly rejected Trump’s outreach and put forward its own conditions, including guarantees against further attacks, war reparations, and recognition of its authority over the Strait of Hormuz. A guest said the two sides are still “jawbone” ing each other, and that the reported 15-point US proposal should not be treated as final because nothing is official until Trump says so. The discussion also underscored that the conflict has not yet produced a clear path to ending the war, even as the administration keeps talking about a 4 to 6 weeks timeline.
The show then turned to Prologis, where the CEO argued that customers are showing resilience despite geopolitical turmoil and higher oil prices. He said 2025 was the company’s second-largest leasing year ever and that customers are still making long-term logistics decisions. On data centers, he said Prologis has 5.7 gigawatts of power in hand or in advanced stages and is effectively at full capacity for the next three years of deliveries.
Later, a Bloomberg News reporter said OpenAI is slimming down its product portfolio because AI video is expensive and still lacks a clear business model. The final segment focused on Meta and Google being found liable in a social-media addiction case, with a legal analyst saying punitive damages could matter much more than the initial $3 million compensatory award.
Key takeaways
- The host and a guest said US-Iran negotiations remain fluid, but the reported 15-point plan is not official and Iran has publicly rejected it.
- A guest said Iran is demanding no further attacks, war reparations, and sovereign control over the Strait of Hormuz.
- The Prologis CEO said customers are not pulling back, and 2025 was the company’s second-largest leasing year ever.
- The Prologis CEO said every megawatt the company can deliver over the next three years is already in lease discussions.
- A Bloomberg News reporter said OpenAI is scaling back around products like AI video because compute is scarce and monetization remains unclear.
- A legal analyst said the Meta and Google verdict matters mainly because punitive damages could still be substantial after the $3 million compensatory award.
Notable quotes
“nothing is official until Trump says it's so”
“every megawatt we can deliver over the next 3 years is in some sort of lease discussion right now”
How the episode opens
Bloomberg Audio Studios, podcasts, radio, news. This is Bloomberg Business Week Daily, reporting from the magazine that helps global leaders stay ahead with insight on the people, companies, and trends shaping today's complex economy. Plus, global business, finance, and tech news as it happens. The Bloomberg Business Week Daily podcast with Carol Masser and Tim Stenbec on Bloomberg Radio.
Let's go now to Washington DC to what we're hearing from the White House. As we've reported, the Trump administration has compiled a list of a dozen demand along demands along three points that Iran would get in return. We also know Iran has said thanks but no thanks.
I want to bring in uh Michelle Jam Risco. She's White House and national security editor for Bloomberg News. She joins us from our Washington DC bureau.
Michelle, I just want to bring everybody up to speed on what we heard from Caroline Levit just now. Some some other headlines. Too soon to say if uh the US is satisfied with the Iran regime change, control of uranium is a point uh of conversation still.
How did her statements that we that she just made to the press in the last hour or so um gel with what we heard in that 15-point plan and what we've heard from the president? Well, there there's a lot of work to hear, uh, Tim, and I think, you know, the first off, what we heard from Caroline Levit today is not consistent with what we heard from Iran earlier today, which should come as no surprise. I mean, the two sides have been uh trying to jawbone each other.
Uh, definitely at odds and especially because we don't know exactly who the US is purporting to to be negotiating with on the Iranian side.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- iran us talks
- trump peace proposal
- jd vance pakistan travel
- openai sora support
- meta google social media addiction lawsuit
Companies and tickers mentioned
- PLD
- DIS
- META
- GOOGL
- GOOG
- Prologis
- OpenAI
- Disney
- Meta
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Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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