Phil mattingly looks to update u. S. Licensing laws. Moves to reform veteran health care. Theres the wrapup of the General Motors shareholder meeting. What was the takeaway . Thiswas preparing for meeting. I looked over the transcripts of last years meeting and dan ackerson ran the meeting for only an hour. I thought this one was going to take a lot longer. This company is in real trouble with the ignition switch recall. A recalls 14 million vehicles this year. That is 12 times more than the number of vehicles they sold in the same amount of time. Sales have been on a steady rise. Companye clear that the only has a few hurdles to go before it has this issue, if not behind it, but at least dealt with. The messages to clear things that we need to do. Do the right things for those that were harmed. Wem committing to make sure create the right organization, the right process, so that this never happens again. Hurdles thatjor they had to clear our a congressional hearing. They will be grilled after the details of the report and everything that Congress Asked her for last time are turned in. Number two, they have to deal with ken feinberg. The process that he comes up with. He will decide how much these injured or were killed, how much their families are going to get income and compensation. Gm is going to have to go through with that. It has basically agreed to do that. After those goals after those two hurdles have been he cleared, the company can pivot forward to focus on building better products, safer products, and delivering what the customer wants. Quickly beyond the crisis, there are other challenges. More thany has lost 18 billion since 1999. G. M. Has had some of the biggest challenges. They have put their chevy brand in europe and then pulled it back. That has cost a pretty penny. Automakers are beginning to sell more and more cars, including General Motors and its opel brand over in europe. Thank you. Federal Administration Aviation administration has given permission for a drum flight over land. Be allowed to conduct Aerial Surveys of pipelines, roads, and equipment. The first flight by a drone to place on sunday. Last week, the agency said it is considering to giving permission to seven l making companies. An integrity issue with leadership that resulted in a culture of workers covering up long wait times. We are learning more after the release of an internal audit. The Senate Begins debate on a six. Megan hughes is following the story. Good afternoon. Lets start with the fresh numbers we got from the internal audit. 57,000 the headlines, patients have been waiting three months or more for initial doctors appointments. Instructions to manipulate data to show those numbers were smaller. That was occurring at 76 of the a facilities. Of 700 31 audit hospitals. It follows the initial report that focused on the phoenix facility. Some died waiting for care. The da Inspector General told agencyse panel that his is investigating 69 medical facilities. That is up from 42 just two weeks ago. A comes down to accountability of the Senior Leadership at these facilities. Job ormeone loses his gets criminally charged for doing this, it will no longer be a game. That will be the shot heard around the system. A Bipartisan Group of requesting that the Inspector General speed of the time for his final investigation , bring in the fbi. They say they are still working towards an august date to release all of the results. What is congress doing to try to fix this . There is bipartisan support for some action. There are a lot of moving pieces. On the senate side, we are waiting on the debate this week. That was between mccain and bernie sanders. A two Year Pilot Program to allow veterans to be reimbursed for private care. It would also approve the v. A. Of hiring more doctors. It makes it easier for them to fire senior ba health officials. That comes at a price tag of around 2 billion. On the house side, they have released a similar bill. Are in motion. You can expect some kind of bipartisan action. Megan hughes joining us from washington. Thank you. U. S. And iranian officials are holding annexed around in efforts to salvage talks on the nuclear program. What do we know about todays meetings . This is the second day of talks between the u. S. And iran. What u. S. Officials have told us is an effort to gauge the true willingness to make concessions. They want to lift all sanctions and to constrain nuclear program. When they had the meetings, very wide gaps remained. Two men were engaged in secret negotiations with iran last fall that led to the deal. Said thereign minister talks have hit a wall and he says that the community believed iran should have hundreds of centrifuges while the iranians insist they want thousands. We are not even in the same ballpark. It comes down to irans ability to make a nuclear weapons. What the International Community wants to do is to constrain the enriched uranium they are able to produce and stockpile. To aso comes down plutonium reprocessing facility and the ability to try to repurpose that so it cannot produce plutonium and what is known as possible military dimensions of the program. They want iran to come clean on the work it has done in the past. There is a possibility of making the july 20 deadline, but there are Serious Problems at the moment. The iranians say they are meeting separately with the russians and again on thursday. Is this an attempt to divide the International Coalition . Probably not. Even though the ukraine has put a wet the ukraine crisis has put a wedge between russia and others, russia has toed the line and main remained on the same page with the rest of the negotiators. This seems to be a sort of fullcourt press to try to get working all forces to see if theyre going to make any concession. Members of congress, what do they think about the push to get a deal done by july 20. There is a lot of skepticism. This is one issue that has bipartisan support. Both sides want to keep tough sanctions on iran for as long as possible. They were encouraging the administration to not go for any old deal by july 20 and if it is not good, stand firm for a good deal. To 5 milliong up a month in lost oil revenue at this mom at this moment. Thank you so much. Coming up, Hillary Clinton kicks off her book tour. We will take a closer look at what she has to say about the choices and the challenges she u. S. Secretaryth of state. That story when we continue in a moment. Tonight on charlie rose, a roundtable discussion on Hillary Clintons new memoir. That is tonight at 8 00 p. M. New york time on bloomberg. We are taking a closer look at her new book. John is a contributing editor and senior policy adviser. He joins me from washington. Welcome. Thank you for your time. Great to be here. A lot of things to talk about. Lets talk about benghazi. The attack on the u. S. Compound in libya left for americans dead. Americans dead. Clinton writes the following it is unlikely there will be anything close to full agreement on anything that happened that night or why it happened, but that should not be confused with a lack of effort to discover the truth or shared with the american people. Do you think the effort is going to be forthcoming during congressional hearings . The effort will be forthcoming. I cannot say they will get all of the answers they hope to have or should have. There is no question the white house withheld information, documentation. Mrs. Clintons appearance before committees, particularly in the senate was controversial and aggressive. It put her in a harsh light. Parts of the book are an attempt to deal with that. Him preparation probably in preparation for a president ial campaign. Controversial from the start. First there was the release of information that turned out not to be inaccurate or, according to some, not to be true. How do you reframe this after it has been debated for the past two years . Cannot possibly get all the answers. There is always going to be disagreement. In effect, lets move on political he politically. Congress is not ready to that. The families of those killed are not prepared to do that. We will have a discussion and debate about embassy security, military for paradise and response for this type of attack. Of course, about the talking points and the discussion points were politicized after the fact. Those are important issues. I do not think two years after that they will be defining the president ial campaign. Mrs. Clinton writes in every discussion about prisoners, we demanded the release of Army Sergeant bowe bergdahl. Not betinued there would any agreement without prisoners without the sergeant coming home. How will mrs. Clinton answer criticism that the cost to bring Sergeant Bergdahl was just too hi. She will have to answer those questions. She makes about prisoner swaps being an item of discussion is not news at all. Everyone understands that during bergdahls captivity there were discussions on and off about some kind of an exchange. That is not really with his what is at issue here. What were the longterm security applications of that release . That the president violated extensive existing u. S. Laws by not informing congress. And a more basic level, informed dozens of members of the administration without notifying a single democrat or republican in congress. She writes about a lingering regret from her time in senate and that was her vote to iraq war. The she thought she made the best decision with the information she had, but she still got it wrong. How do you think the American Public will react to that . I do not think the american , is goingt this stage to be moved one way or another. In fact, thats part of the book is just an attempt to put this issue behind her. She has admitted that she believes the vote was a mistake. In preparation for a campaign, she wants to put herself in a position where she can say she has dealt with that, she has addressed it, it was a mistake, lets talk about another issue. We have about 30 seconds left. Several States Holding primaries. What should we be looking for . Think there are any key elections today. On the gop side, republican strong mainstream conservative candidates have done well. Tea Party Candidates much less well. This is it the only state where there is an insurgent, or a tea party driven candidate, has a real opportunity. Republican and have a good chance of picking up seats in the house. It is more likely than not that republicans take back the United StatesSenate Control as well. Thank you. Next, and on the markets update. Warren joins us from capitol hill tomorrow to discuss legislation dealing with student loan refinancing. That is coming up at the bottom of the hour. The fight between pandora and the companies that collect money for writers has spilled into congress. Phil mattingly joins me. This has been an ongoing battle in the courts. Washington is getting involved and changes on the way . To say major changes are probably not coming. Bipartisanoad agreement that the Current System puts just about everyone at a disadvantage. Listen to what Bob Goodlatte said at a hearing today. To be ables who want to easily access their favorite songs any time on all of their digital devices face a Legal Framework written for the world of a vinyl albums and eight track tapes. Pandora has had several Court Battles with organizations like broadcast music inc. They provide a mechanism for Legal Protection and royalty collections for hundreds of thousands of songwriters. Their contention is that pandora does not pay fair royalty rates. At issue leverage. Or the lack thereof. These groups say they have no leverage to negotiate when it comes to pandora. Department took this debate up last week with its own decision to get involved. What might happen there . These groups fighting with thatra are under decrees date back to 1941. That guides how well see rates are set. And held the upper hand because of those decrees. A Justice Department will review those. If updates were major changes come into play, that could have a major influence on leverage. Where does pandora set with all of this . They believe these decrees are necessary and a play an Important Role, particularly in the way courts are required to step in and rule. Pandora has its own distinct royalty disadvantage. A. M. And fm radio pay nothing to the rds to the artists. Phil mattingly, thank you. Bloomberg is on the markets their julie hyman is standing by. In the trading action, we have not seen a big move. And nasdaq were down. Now they are down less than 1 10 of 1 . Very Little Movement after the records we have seen in recent days. We are seeing more movement on an individual basis. Green mountain got a jolt in trading after a partnership with subway. Put out ing to subway is going to put thousands of singleserve brewers in their restaurants. That may help put customers in the door for breakfast. We will have more in about 30 minutes. You will get more bottom line next. Welcome back to the second halfhour of bloomberg. Online ergo im ark crumpton. We turn our focus to two Business Development companies. A private equity firm is sponsoring its Second Annual trends conference at the nasdaq today. Of mympanies are part gladlys overall strategy to the first choice advisory to the middle market. Joe adams is the managing partner. Lcome back to hot online how do Business Development companies change or adapt to the Global Economic pressures that happened felt since the recession . They certainly get a lot coming at them. One of the big concerns is the Regulatory Environment and trying to work through that old stop stock prices have been a little depressed and there are people looking for opportunities. They play a very Important Role in the middle markets and provide alternative financing opportunities where they may not be able to get funding from a commercial bank. The Business Development companies play a nice role for. Ur mill market some of the trends you and your colleagues are seeing, what are you seeing on the horizon . Lex it is the scrutiny of the thatators looking at companies and the fcc, which they certainly have to comply with. We are helping them out with the needs and anticipating them so they can be ready for them. How has it affected the ability of banks to penetrate the middle market . Yourhas that meant for strategy as an advisor to middle Market Companies . It has been a good thing for us. Weve always focused on the middle market and dealing with entrepreneurs is different. It extends to our private equity practice, so when you look at the full gamut, it is what stage is the company in and how do we help the financing needs they have based on what stage they are in in development. How do you do that . By getting to know the business developers, the Venture Capital hedge funds and traditional financing as well. It seems like what you are saying is almost a boots on the ground, saying this is old school where you need to get a sense of not only what they want, but as an advisor, where best to skew that. We work with a number of industries, so depending on the business the client is in, we need to understand what their industry is facing and how to we help them understand what alternatives are out there for us. Traditional bank lending is still tight. Is it an opportunity for nontraditional players . Wax i would say traditional back tradition Traditional Bank lending has opened up a bit. Just like what you are seeing in company to company acquisitions, theres money sitting on the sidelines. They are also watching credit all of these closely because they are being regulated and need to be careful who they are regulating to. Company thatlp a might need it. Is it still sitting there because of the Regulatory Environment . Its more economic related, more about the economy. There is certainly regulatory, theres the Affordable Care act a lot of his misses are trying a position on and understand how thats going to affect their business. Taxes continue to increase and taxes are owned by the individual. They have that impacting them and they play a part. Evolve,s start to theres a general optimism in the market. Given the time, as time passes, you will see a lot more investment. To wrape going to have early because of feature guests and so forth today. Thank you for joining us. A pleasure to see you. After president obama moved to dz student loan burden, the u. S. Senate takes up the bill that would go further. It alicans are calling political stunt. The main sponsor is massachusetts senator elizabeth moran. She is live at capitol hill with peter cook. Im joined by senator war in to talk about the student loan issue. Thank you for your time. The president moved yesterday to make it easier for student borrowers to deal with the crushing debt burden you have been talking about stop why is it necessary for congress to go even further . Did two thingst yesterday. He expanded by a few million borrowers the numbers who would be eligible for income based he promisedans and we would do some renegotiation on the servicing of the loan. But weve got 40 Million People out there who owes Student Loans. S