cory: german chancellor angela merkel meets alexis tsipras in berlin. greece tries to get creditors to unlock more bailout money. here is the greek prime minister. tsipras: at this time, we should not destroy the positives from the past five years, but we need to change the political mix in order to face these maladies. cory: tsipras says he and angela

merkel are trying to find common ground. they are releasing $259 billion in bailout funds. stanley fischer says an interest rate hike is likely to be warranted by the end of this year. increases will probably not be uniform, nor predictable. senator ted cruz has become the first candidate from either party to launch a bid for the white house. the favorite of the tea party spoke in lynchburg, virginia. senator cruz: i believe in the power of millions of courageous conservatives rising up to reignite the promise of america. and that is why today i am announcing that i am running for president of the united states. cory: he called for repealing

obamacare and protection of privacy rights. stanford university's endowment has named robert wallace to head the billion-dollar fund. he previously worked at the renowned yale investment office. he is leaving after nine years at the head of the stanford endowment. the first lawsuits have been filed in the new open internet rules. the suits were filed by alamo broadband and u.s. telecom, a telecom lobbying group. they say the government does not have the authority to prohibit the blocking or slowing of internet traffic. and are you ready for the first nfl game to be broadcast almost exclusively on the internet? the game in london between the

jacksonville jaguars and the buffalo bills will be available only on digital platforms. it will air on television, but only in buffalo and jacksonville. the digital platform has not been decided on. the league has signed a partnership with youtube. google may have escaped an investigation without antitrust charges, but there is more to the story according to "the wall street journal." fcc staffers found that google -- ftc staffers found that google acted in anticompetitive ways, including boosting its own search results and restricting advertisers from working with rival search engines. but google did agree to some voluntary changes in 2013, and the case was dismissed. there were a lot of issues still looming out there. joining us from new york is jennifer reed, the bloomberg intelligence analyst, who knows a lot about antitrust. whether a case should have been brought aside, to focus on why a case might have been brought or what the bad behavior the staff

found in their investigation -- what goes on in this kind of investigation? how thorough is their work first and mark -- is their work? >> the work is incredibly thorough. i was involved in a lot of these investigations, and it was unbelievable how thorough on many documents the staff could review -- they take depositions. they interview people in the industry. it is an incredibly thorough investigation and they do not leave any stone unturned. when they come up with these conclusions and come to their opinion about whether they think something untoward had occurred it really is based on the totality of the evidence. cory: let's be more specific. they do not actually turnover stones. what do they do? what evidence do they examine? what powers do they have?

jennifer: the ftc investigates when they believe there might have been a violation of the law. the commissioners decide whether or not compulsory process can be served, which is what happened here. there is a huge subpoena that asks for data. it asks for documents. it asks for information, questions to be answered. in addition, it is customary to bring in business people informal interviews as well as formal depositions. the depositions are essentially sworn testimony. and also issues of demands to competitors, other participants in the industry, to understand their viewpoint and how they see the conduct. it is not unusual for the ftc to ask companies to turn over entire databases.

cory: google, the airline industry, the flight industry -- there is an amazing quote that was uncovered the accident. -- by accident. it is time for amazing. although it displays its search over any natural search results for flight booking sites, google does not provide the most flight options. so right there, it is sort of saying, not only put their stuff on top, but they do not have all the answers. if you wanted to fly from new york to san francisco and google did not have access, they would not show you the result. jennifer: i think the issue here is whether or not that conduct and whatever it was google was doing overall, not just with respect to flight, shopping, or

-- what they were doing was anticompetitive. there were a couple of allegations being investigated. prospective search bias, whether or not google favored its own products and services over the products and services of its competitors was that while there may have been some detriment to their competitors, overall, this made for a better user experience. this does not mean that the search results that came to the top or the best search results in this specific context you just highlighted but overall there was benefit to the user experience. cory: although it might have looked prettier for the user, if the full results were not there there was also some very strong language about intention, if this was a self-promoting intention. or is another line in the complaint that struck us. google embarked on a multiyear strategy of showcasing its own vertical properties, but demoting and refusing to display

links to certain vertical websites. it did not site yelp here, but i cannot help but imagine yelp or google plus local restaurant reviews hid those of yelp. why should we be concerned? jennifer: this is the kind of thing that was being investigated and yelp complained about, as well as others. one of the issues we are seeing getting access to this leaked document, which normally would be exempt from foia, is only one half of the picture and one half of what the commissioners way when they make it asian as to whether -- make a decision as to whether antitrust laws have been broken. what did they find the restraint did that was bad? but we also looking at antitrust law, we are also looking at what were the legitimate pro competitive business justifications for that restraint? how does that balance against what was bad? what we have seen in the press is one half, the determination

of what might have been bad. what we have not gotten and what likely was in that 160 page document gathered by the commission from other sources, was what was legitimate pro-business justification for the conduct. antitrust test away those against the other, and that is difficult. it is difficult to disdain which conduct from plain old competitive conduct. we have to remember -- go ahead. cory: it is an interesting story and i do not think we have heard the last of it. google has said the fact the charges were not filed is prove they did not engage in anticompetitive practices, but does that mean we will stop inquiring? we will have more on the story. ♪

cory: coming up, the lobbying group behind uber attacks.

and the trial rocking silicon valley. first, some bloomberg cap headlines. mario draghi tells the european parliament that the eurozone economy is improving. they said the bond buying program was key to this improvement. >> we intend to carry out our purchases at least until the end of september 2016. in any case, until we see a sustained adjustment in the path of inflation, which is consistent with our aim of achieving inflation rates below, but close to 2% over the medium term. cory: groggy -- draghi said the bank would support greece if talks get back on track. houthi rebels have opened fire on supporters of yemen's ousted president in yemen's third-largest city. rebel leaders have called on forces to mobilize for war.

china's alibaba is looking to israel to improve its cyber security, investing in an israeli capital -- in raise lee -- in an israeli firm focused on cyber security. they plan to build what they call a global hub for cyber security technology. uber'plans to partners -- uber's plans to partner with the u.n. two great jobs for women -- to create great jobs for women is over. drivers unions warned it could be dangerous. this is the latest blow against uber. transdev has 80,000 employees. and joining me is their ceo of north america, mark joseph. tell us what this is. it is a firm unfamiliar to most of us. mark: we are a worldwide

operator the largest worldwide operator multimodal private operator of public transportation systems. we have a very large retail on-demand business that includes supershuttle several taxi companies and technology businesses that connect to over 100,000 vehicles around the world. cory: it is global in nature? mark: we have buses taxi companies. we are in 20 companies. in new york alone, we serve about 5500 vehicles in new york city alone. cory: i assume you know how awesome uber is, no? mark: uber has great technology and provide a very good service that people like a lot but there are a lot of people who would like to see more competition for uber because they are very concerned about

uber's business practices. cory: what concerns you the most and what is unique to uber that is not endemic to the entire transportation or taxi business? mark: what is unique to uber? cory: what are the things uber is doing worse that other taxi companies are not doing? mark: what we were does well is, they have one platform, and they are able to basically take the cream. they take only customers with credit cards. they only take customers who have smartphones. they don't take trips later. they only book trips now. they have a very good, clean business model. they also don't really follow the rules and regulation. they consistently battle whether drivers should be properly licensed. and they try to rewrite the

rules. but that does not hold them back, because they go into markets and thumb their nose at regulators until they can get the critical mass. what they also have that is unique is about $4 billion in cash. it is ironic that uber criticizes and attacks what they call "big taxi," u whenber -- when uber represents the largest taxi company in the world. they like to position themselves as a technology business, but they are at this point a large taxi company. cory: their contention is that parts of industry are tight with regulators and developed those over years and many decades. therefore, the rules were written to support the players

not the customer. what do you argue back? mark: they are the ones who hired david plouffe. they are the ones who are at the local level by a level of 10 to one, in spending. they are throwing money around and local jurisdictions -- kansas city, baltimore, places in california, hiring every lobbyists they can get. i do not agree with that in terms of a tight relationship. first, let me say this on behalf of the industry. the industry, the taxi industry has to do a better job of customer service. at the end of the day, people want great service, deserve great service, expect great service. they don't want somebody who is delivering great service to say trust me with regard to my driver licensing and to refuse

to have proper background checks. the d.a.'s for san francisco and delay -- and l.a. said their criminal background checks are worthless. they do not do fingerprinting on their drivers. why are they so resistant when they are spending a fortune on lobbying? why don't they want drivers properly licensed? why don't they want vehicles properly insured? if there is a level playing field, i feel confident the public will benefit both from better service and from proper regulation. it is not about cutting corners. it is about giving great service. cory: in your opinion, why don't they want their drivers properly vetted? mark: they want speed to market so they do not want someone waiting for a criminal -- proper criminal background check which could take a couple weeks. they want to put that person behind the wheel today. they have a norma's churn. they are talking about -- they

have enormous churn. how many drivers are they losing? they have, in many cases disregard for the drivers. travis has indicated that once he has driverless vehicles, they will be able to "get rid of the dude behind the wheel." this is disdain for the ones creating the value for uber. the drivers are paying 20% of every trip. the ones generating the value for uber are the drivers. to not properly vet and train the drivers, and properly respect those drivers, long-term, is not a good strategy. cory: you were referring to travis, the ceo of uber. when you look at this business is there any stopping them or do you hope to slow them down? mark: look at asia. uber is getting their clock cleaned and asia right now.

i think they have proven you can stop uber there. the battle is not over. in the case of lyft, which just raised a lot of money, lyft is challenging uber in san francisco, gaining ground. but lyft has conceded internationally. they said in their most recent round of fund raising that they are going to focus on the u.s. and there are enormous assets that can come into play for us in our industry, with the use of good technology. so we are playing catch-up, but this war is by no means over. cory: we really appreciate your time. thank you. ♪

cory: i am cory johnson. tomorrow, a new account of steve jobs' livefe and career hits the bookstore. the unauthorized biography is a little different than earlier accounts, because it seems to have the company's support. joining me now is tim higgins who covers apple news and wrote some of the book. is this book decidedly different? tim: a little bit of a different tone. it gets at the complicated nature of trying to put steve jobs in a box. if the isaacson book was talking about all of the trouble steve had in his life, this book kind of once to show how he matured and developed as a person, and toward the end of his life trying to paint him as a person you would want to work for, want to spend all of your time with. cory: he wrote at least a dozen

fortune cover stories, covering steve jobs. tim: the quote right now is steve may have been a jerk, but he was not evil. cory: an important apple executive writing about steve jobs. here is what he had to say when he treated about this. he said, best portrayal. well done, and first to get it right. tim: these are loyalists. the isaacson book, people perhaps did not have as found in memory of him. cory: i wonder if time has allowed people to have a different perspective. tim: there was an interesting insight from steam cook, now ceo

of apple. he offered to donate part of his liver. cory: amazing story. be right back. ♪

cory: you are watching bloomberg west we focus on innovation and business. secretary says dealing with iran's nuclear program is still achievable. meanwhile, president obama says it is a major sticking point. president obama: what will have an impact is, number one, is iran prepared to prove to the world it is not developing a nuclear weapon and can we verify that in an intrusive, consistent

way. cory: as part of any deal, iran once the u.s. to and sanctions immediately rather than over a period of years. june remains a viable option for an interest-rate hike. >> we will assess the data as it comes in and view whether it changes our outlook and move on the data. cory: mester also says she is more optimistic about the u.s. economy. fisher stepped down from the dallas fed on thursday. he was often at odd with other officials over policy. pepsico ceo says fisher brings international trade and regulation but he faces more scrutiny due to the negative health effects of sugary drinks.

vivendi rejects calls to spin off a universal music group. the french company recently sold more than $30 billion in assets sparking questions about its plans for the money. ebay has appointed two independent directors. it announced plans to spin off paypal earlier this year. gopro creator is joining the board. they are prepared to create two world-class boards. the stake in ellen powell's discrimination case just got higher. the judge ruled that the former workers at the capital consumer for punitive damages.

the closing arguments are expected tomorrow. we've been following the case at the courthouse and now katie is at our swanky offices are in this has been interesting to me there has been a lot of testimony that is not good for her, some has been ok but the damage that this has opened up to more than $100 million is a huge deal. katy: it is a huge deal because punitive damages our reserve to punish a company for subbing in his fraudulent or oppressive. -- fourr something that is fraudulent or oppressive. cory: indeed, and i wonder does this explain -- it doesn't explain. why go to trial instead of

writing a check? they have boatloads of not just investor money but the partner's themselves. katy: i think kleiner felt very confident that they would win this case. there has been suggestions that ellen pao herself would not settle. but kleiner had 17 witnesses and went in and systematically dismantled key points in her testimony. they say when you say you were left out of events, there are key, high-profile witnesses who say that wasn't the case. the defense has done a good job of pulling apart pao's testimony. both sides will strut their strongest -- some up their strongest point. ellen's will talk about trey basalo who was sexually harassed

at work. other instances where she was left out of meetings are people did not appropriately handle her complaints of discrimination. the fact that they did not have a policy around harassment that was readily available. these are the things they will hammer on. that it will go to the defense and kleiner's lawyers will say this is not true and they will reiterate statements made by other employees and they will reiterate their point that ellen pao was a problem child. that she wasn't a good worker and did not get along with coworkers and is using gender discrimination explain why she did not do her job. cory: when we talked about this last -- when you get to be my age you will under stand that these things disappear. but it might up in the lawyers it might not be women in silicon valley but it will be the hr people. [laughter]

cory: it is intriguing to me that a firm like kleiner one of the biggest names in silicon valley and thought to be professional did not have these basic things in place. if this a great boon to the hr industry? katie: it is, but keep in mind for a firm under 60 people you do not need an hr person. they wouldn't be breaking the law or doing anything wrong. cory: if this shows anything you do have to have an hr person or some policy in place to protect yourself if this was a bad actor and not a case of sexual harassment. katie: you can say it is better to be safe than sorry but other people have said to me if this happened at my firm and someone was being sexually harassed, i would not know how to deal with it. a lot of executives would not know when they would have to call in a professional and that

would take time. cory: i wonder, there are so many new firms on the software side of things for human resources but in terms of establishing policy, if the software pros might see enter opening to go in and sells to smaller businesses of the 50 and lower variety. katie: at the same time for something like this i don't think software can tease apart the difficult issues. you need a human being for that work. cory: humans -- imagine that. katie, thank you very much. "bloomberg west" will be right back. ♪

cory: i am cory this is "bloomberg west." coming up president obama pushes

stem education. and the defeat of patent control. first, a check of top headlines. president obama is encouraging more students to pursue education in financing technology, engineering and math. stem. bringing total support for his initiative up to $1 billion. theme for this year's white house science fair is diversity. one of the most iconic brands in baseball has been sold. the finnish company hammer. they have bought louisville slugger. they are paying $70 million cash for the company which includes all of their brands including wilson. nissan is being investigated by

u.s. officials for not fixing an airbag. the recalled nearly one million units last year to fix a sensor which can possibly -- inaccurately testified fight a seat as empty possibly causing an airbag not to the point. in a statement, nissan says the recall was effective. time for our series "the spark" where we highlight solutions to seemingly unsolvable problems. it still provides only a tiny fraction of world power. bloomberg visited a silicon valley company hoping to harness more power of the sun. >> there is really only one new energy source that can power the whole world. solar energy. there is more than enough solar energy to power the earth many

times over. >> we are all familiar with the story of solar technology. limitless potential and disappointing results. one of the big hurdles is, where to put it? there isn't a lot of space for heavy, o paik panels. -- opaque panels. if you can make them thin light and transparent you could put them almost anywhere. >> so this is a solar panel you are familiar with. it has been around for decades. it absorbs the light that hits the surface and converts it into electricity. here is an example of a transparent version. this is a transparent solar cell. >> may i? >> you may. >> yeah. ok. >> we are producing what we call

a transparent solar cell. you can go on a multiple devices display, the building window and it can generate energy on the services. -- surfceaces.? our goal was to integrate solar technology into the products we use everyday. it is risen to the top and that it has a wide range of value for applications. >> in the past, people tried to make solar cells transparent by shrinking down the components but that only gets them so far. ubiquitous figured out that the key to a truly transparent solar cell isn't just the parts you use but the kind of like you are trying to absorb. >> we designed a photo active materials that let visible light pass through but can selectively harvest the parts of the solar spectrum we cannot see with our i. -- our eye. namely the ultraviolet portion of the spectrum. >> you are not capturing visible

light reasonably that is -- presumably that is affecting the efficiency of the panel. >> if you look at a normal solar cell it if -- it absorbs all light, of that ernie 3% is converted to electricity. with the transparent cell you can still achieve up to 23 -- 22%. >> it is a drop but i suppose there are advantages to having things easy to see through. >> absolutely, you have a lot more surface area to apply the technology to. >> the first place they want to put the solar cells is the displays of mobile devices. which could mean the smartphone that never runs out of batteries. the real application becomes clear when you start to think big. like, skyscraper big. >> currently there is a huge

amount of surface every on the vertical space of buildings that is unused for energy harvesting. using these solar cells to convert them into solar panels is a way to use that service area for energy consumption. you're not just constrained to the roof you can use the vertical area as well. >> we see this as being deployed everywhere, generating power control the background. this one be the only solution that we need but we see this being an important technology to make a more sustainable society. cory: that was bloomberg's sam grobart. "bloomberg west" will be right back.

cory: i am cory johnson, this is "bloomberg west." the number that tells us a lot and today's bike is zero. that is the dollar amount paid

in the number of patents life360 has found to infringe. they received notice that another company filed a patent infringement suit against the startup, rather than settling this startup fought back paid zero in damages because zero patent infringements without. the ceo joins us now. i cracked up because it was fascinating that you were able to go against these guys. guest: they sue a lot of people and it is a huge problem. we decided to make it stop. we realized if we say we will give you zero dollars and if you sue us we will go after you is a long-term, economically viable move. if we make it clear that we don't settle frivolous lawsuits, people will not sue us. the problem with their plan is

they assume you will follow their calculus where it is cheaper to pay them and go to court. we broke that. cory: i want to ask how old you are. you're showing an enormous maturity or maybe lack thereof. guest: hindsight is 2020, we won and now everyone says we made the right choice. it wasn't easy. you might not have been able to make the choice we did but we raised $50 million, this case would not put us out of business either way. we decided our goal was to build a lasting brand, a 100 year business areas and it was in our interest. we might not get sued again, but maybe after the third or fourth troll we kill it will realize it does not make sense to throw a bs lawsuit at us. cory: when i will say about these guys, they e-mailed me and they said we are an operating business and we are

not patent trolls. we have invented some things and we are actual operating business that uses those patents. guest: no one likes being called a troll. part of our strategy has been to name names. in particular, the name of the lawyer. every troll starts at one point as a real company. what we found as part of this case went on, a juror reached out to me and said i think the lawyers are patent trolls. they acknowledged that we had nothing to do with their business and that we did not copy their idea and if we made one tiny change we would not be infringing but they still wanted $3 million. we are going nuclear and i can tell you it is marked can amend -- mark kennemen and tom kenyan. they admitted everything. we are a family networking app

we are use to connect over 50 million families around the globe. you can see where everybody is. cory: with your device i can find out where my daughters are or my wife is? guest: exactly. cory: you guys have had some backing. adt. guest: we raced $76 million to date -- raised $76 million to date. they realized security is not just at home but on the phone. cory: so why -- there are many copies thinking your bumping into patents, what is the state of the world or what your business does that causes this? guest: there is a whole spate of patents filed in early 2000's that took these basic concepts and said now we will do them on a smartphone. cory: such as? guest: in our case, having a touchscreen. we've heard how apple has patents, but the basic idea of

life360 and what has made up what we consider a troll's business are things that many people saw coming and it was so obvious many people did not think this patented them. as part of the trial we had screenshots of similar items from the 90's. we don't claim to have invented them ourselves we packaged the simple ideas in a way that gets distribution and took advantage of the proliferation of smartphones. cory: last thing, there are firms that started in silicon valley that last 15 or 20 years where most of the employees are lawyers. company like rambus when you invent something and then pursue lawsuits against people trying to steal it. qualcom was built on that same idea. do you imagine your business will always have an contingent of lawyers as an important cost? guest: in the short term we

will. because we will not settle as an expensive strategy. it cost over $1 million to defend ourselves but the other side spent far more. in trial they had almost 20 people from the opposing legal team and if they beat us they would have lost millions of dollars. eventually people learn we are not an easy target. if every company had the same standard, the problem would go away. cory: thank you very much. congratulations on your victory. a week ago we talked about issues surrounding multiple e-mail accounts of the blackberry. think hillary clinton. our guest on the subject said it wasn't possible until 2013 to have more than one e-mail account on a single library device. the company contacted us and said it was possible act of 2002 -- back to 2002.

"bloomberg west" will be back tomorrow. ♪