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"It is going to be a process," US Treasury Secretary Scott Bessent says about the state of negotiations with Iran during remarks at the Economic Club of New York.

US Vice President JD Vance said talks with Iran over the weekend were "very, very good," as the sides attempt to reach a peace deal within two months and formally end a war. Vance says a key point was building a mechanism to keep the Strait of Hormuz open. He spoke to reporters in Emmen, Switzerland where talks are being held.

US Vice President JD Vance says a good foundation has been laid to end the war with Iran, but more work needs to be done. He spoke to reporters in Switzerland on Monday morning. Bloomberg's Tyler Kendall reports.

US Vice President JD Vance says "we laid a very good foundation for a successful final deal." He spoke to reporters in Switzerland after holding talks with Iranian negotiators.

Anduril just won a production contract for autonomous fighters with the US Air Force. It's also secured a key role in the race to provide software for those aircraft, and is moving toward scaled manufacturing as the Pentagon pushes for a fleet of up to 1,000 autonomous combat jets. Anduril CEO Brian Schimpf joins Ed Ludlow on "Bloomberg Tech" to discuss it all.

US President Donald Trump, speaking at the Group of Seven leaders meeting in Evian, France, says he and Israeli Prime Minister Benjamin Netanyahu "have a little dispute over Lebanon."

"The deal we reached with Iran on Sunday will be signed shortly, tomorrow, maybe the next day," President Donald Trump said during a press conference at the G7 summit in France.

"The deal we reached with Iran on Sunday will be signed shortly, tomorrow, maybe the next day," President Donald Trump said during a press conference at the G7 summit in France.

US Senator Elizabeth Warren, a Massachusetts Democrat, says President Donald Trump "can't point to where we're better off" after the war in Iran. Speaking on "Balance of Power: Evening Edition," Senator Warren also discusses Defense Secretary Pete Hegseth's military budget request, her criticisms of Kevin Warsh as chair of the Federal Reserve, the state of housing and the SpaceX IPO.

Bloomberg has learned what the US could give Iran if it agrees to a memorandum of understanding to end the conflict. The deal is expected to be signed on Friday. Bloomberg's Nick Wadhams has all the details.