. ♪ >> welcome to the bnn bloomberg. i am john hyland with the first word news.ry of state antony blinken's trip to china's offer now. the biden administration has decided to delay his trip after detecting a chinese surveillance balloon over sensitive nuclear sites in montana. his visit to beijing would have been the first such visit by a top u.s. tip amount in five years. the balloon was a clear violation and u.s. conditions were not right for the planned trip. a brutal selloff has gotten worse. the empire has lost more than half market value since the report from hidden berg research alleging fraud. more than $118 billion was erased from the market cap of adani's 10 stocks.

>> welcome to the bnn bloomberg. i am john hyland with the first word news. secretary of state antony blinken's trip to china's offer now. the biden administration has decided to delay his trip after detecting a chinese surveillance balloon over sensitive nuclear sites in montana. his visit to beijing would have been the first such visit by a top u.s. tip amount in five years. the balloon was a clear violation and u.s. conditions were not right for the planned trip. a brutal selloff has gotten worse. the empire has lost more than half market value since the report from hidden berg research alleging fraud. more than $118 billion was erased from the market cap of adani's 10 stocks. the biden administration will allow more crossover suvs to qualify for a newly revamped electric vehicle tax credit. the move comes after automakers such as general motors lobby for the change. today's announcement effectively expands the number of buyers who can take advantage of a lucrative credit of $7,500 by broadening the definition of how sport-utility vehicles are defined. nea

. >> welcome to the bnn bloomberg and bloomberg audiences. i am john hyland. may boost tanks they sent to ukraine from six to 10 according to the spanish premise or, or santas, -- pedro sanchez, who is visiting kyiv. a divided government may be back in washington but that doesn't mean there aren't issues where lawmakers can find common ground this year. several bipartisan ideas are getting early attention including legal protections for loans to legalize marijuana businesses, a $35 per month cap on insulin. boeing plans to end production of the fighter jet that -- audiences. the company will quit making the teen super hornet in late 2025 after it hands over the last one to the u.s. navy. more than 2000 of the jets have been built over 40 years. the f-18 has been eclipsed by lockheed martin's f-35. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am john hyland and this is bloomberg. >> welcome to uber markets. kriti: and i'm kriti gupta. there is green on the screen