Bloomberg News Now covers President Trump’s rejection of an Iran deal to reopen the Strait of Hormuz amid escalating tensions and a US naval blockade. The report also tracks a powerful nor'easter threatening the US East Coast with storm surges and emergency declarations. Domestic policy news includes new fuel efficiency mandates aimed at lowering car prices and Trump’s campaign rallies ahead of the midterms. Additionally, the episode highlights AI safety discussions involving tech CEOs, Bill Gates’ warnings on AI risks, China’s agreement to import US coal, and McDonald’s struggles with risi…