Pacific Investment Management Co. is in talks with Bank of America Corp. to help provide roughly $14 billion of debt financing to build a massive Oracle Corp. data center in Michigan, according to people familiar with the matter.

Representative Suhas Subramanyam, a Virginia Democrat, joined Balance of Power stating that President Trump's "outrageous" threats to hit civilian targets in Iran shows he's not fit to lead and it's damaging to US standing in the world.  As US President Donald Trump’s latest ultimatum to Iran to agree to a ceasefire deal approaches, hardliners now in charge in Tehran are relishing the idea of escalation and a region-wide conflict.  The US and Israel have taken out layers of senior commanders of the Islamic Revolutionary Guard Corps over the course of the nearly six-week war, but those who remain are girding for a protracted battle, with little fear of Trump’s threats to destroy civilian infrastructure. This could spark an upsurge in fighting that would further engulf Middle Eastern countries and exacerbate what has become a global energy crisis. (Source: Bloomberg)

- President Donald Trump threatened Iran with civilizational destruction as the US attacked military targets on the country’s key oil export hub, ramping up pressure on Tehran to reopen the Strait of Hormuz by his Tuesday deadline or face massive strikes on critical infrastructure. Iran halted participation in ceasefire talks in response to Trump’s social media post, according to a person familiar with the matter who asked not to be identified discussing private deliberations. Those discussions have been conducted through third-party channels. Mediators were scrambling to resuscitate negotiations ahead of the deadline, the person said. Jen Gavito, Senior Advisor with the Cohen Group/Former-Acting Principal Deputy Assistant Secretary of State for Near Eastern Affairs under President Biden joins Balance of Power to discuss. (Source: Bloomberg)