Senator Roger Marshall (R-KS), a member of the Senate Agriculture and Budget Committees, defends staying the course in the Iran war, saying the US must “finish the job” to prevent a nuclear-armed Iran even as Strait of Hormuz disruptions push up fuel costs and strain farmers. He also says Congress must pass a reconciliation bill “sooner than later” to keep DHS funded, signaling a vote-a-rama could begin as soon as Wednesday night, and warns he would be “disappointed” by cannabis rescheduling. He speaks with Kailey Leinz and Joe Mathieu on the late edition of Bloomberg’s "Balance of Power."

See omnystudio.com/listener for privacy information.

Tesla beat Wall Street’s profit expectations to start the year as the automaker said demand for its electric vehicles is rebounding around the globe, hinting at a possible recovery for its long-struggling automotive business.

Adjusted earnings rose to 41 cents a share in the first quarter, the company said Wednesday in a statement, higher than the 34-cent average of analyst estimates compiled by Bloomberg. It’s the second straight quarter Tesla’s earnings have exceeded expectations.

Tesla said it “saw continued growth in demand for our vehicles” in parts of Asia-Pacific and South America, along with a rebound in North America and the Europe-Middle East region. The surprisingly optimistic comments come several weeks after the automaker reported one of its worst quarters of auto sales in years.

For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:

• Steve Man, Bloomberg Intelligence Global Autos and Industrials Research Analyst
• Ed Ludlow, Bloomberg Tech co-host
• Ross Gerber, President and CEO at Gerber Kawasaki

See omnystudio.com/listener for privacy information.

Rivian’s new R2 model has begun rolling off the manufacturing floor in Normal, Illinois, despite damage to the factory from a tornado over the weekend. The smaller, more affordable SUV is seen as crucial to driving profitability for the electric vehicle maker. Rivian CEO RJ Scaringe joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech."

See omnystudio.com/listener for privacy information.

BMW North America CEO Sebastian Mackensen joins Bloomberg's Matt Miller on "Bloomberg Open Interest" to discuss BMW's new 7 Series Sedan as well as the potential impact in electric car sales due to the conflict in Iran.

See omnystudio.com/listener for privacy information.

Scott Kirby, the Chief Executive Officer of United Airlines Holdings Inc., said he wouldn't comment when asked if his company would be buying American Airlines. Kirby did say he is focused on leveling the playing field with foreign airlines and building a "great global airline that all US citizens can be proud of." He speaks with Bloomberg's Lisa Abramowicz from the company headquarters in Chicago.

See omnystudio.com/listener for privacy information.

US Senator Elizabeth Warren, a Massachusetts Democrat, says Republicans need to "grow a backbone" and stand up to President Donald Trump regarding the war in Iran. Speaking on "Balance of Power: Evening Edition," Senator Warren also discusses Federal Reserve Chair Nominee Kevin Warsh's testimony before the Senate Banking Committee.

See omnystudio.com/listener for privacy information.

UniCredit SpA Chief Executive Officer Andrea Orcel said he’ll put his yearslong effort to buy Commerzbank AG on hold if his takeover bid fails to win him control over the lender. “If we do not reach control, we will take a pause, and we will focus on other topics that we have internally,” Orcel said on Bloomberg Television.

See omnystudio.com/listener for privacy information.

Ukraine is open to delay access to the EU Common Agricultural Policy (CAP) funding initially, however, it may become part of negotiations over the next seven-year budget, which would begin in 2034, Ukraine’s Deputy Prime Minister Taras Kachka says in an interview on Bloomberg TV.

See omnystudio.com/listener for privacy information.