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Speaker 1: News when you wanted with Bloomberg News. Now, I'm Doug Krisner.

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Speaker 1: The Supreme Court is allowing Texas to use its GOP

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Speaker 1: drawn voting map for next year's elections. Now, this decision

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Speaker 1: will put on hold a lower court ruling that had

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Speaker 1: blocked the map. The justices acted on an emergency request

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Speaker 1: from Texas for quick action because qualifying in new districts

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Speaker 1: has already begun. Here is Bloomberg's greg Store.

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Speaker 2: Normally, in these racial gerrymandering cases, courts require somebody who's

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Speaker 2: challenging a map to produce an alternative map that would

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Speaker 2: have accomplished the state's goals, in this case, drawing more

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Speaker 2: Republican friendly seats without using race. So much so, the

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Speaker 2: lower court did not require that in this case, and

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Speaker 2: the Supreme Court said that was a problem. So those

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Speaker 2: were preliminary decisions by the Supreme Court, but they strongly

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Speaker 2: suggest that they think the lower court got it wrong.

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Speaker 1: That is Bloomberg's Greg's Store. Now. Today's Supreme Court decision

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Speaker 1: does not dictate whether the map can be used beyond

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Speaker 1: twenty twenty six. The Department of Justice has failed to

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Speaker 1: secure a new indictment against New York Attorney General Letitia

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Speaker 1: James on charges of mortgage fraud. Just weeks ago, a

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Speaker 1: federal judge dismissed an earlier case against James, saying the

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Speaker 1: US Attorney for the Eastern District of Virginia, Lindsay Halligan,

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Speaker 1: had been improperly appointed. While the Justice Department could try

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Speaker 1: to seek another indictment of James for a third time,

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Speaker 1: top military officials gave a classified briefing today to senior

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Speaker 1: members of Congress on an attack of a boat suspected

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Speaker 1: of carrying drugs. They were shown video footage of a

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Speaker 1: follow up strike that's become the center of a debate

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Speaker 1: over the Pentagon's lethal mission. Afterwards, lawmakers from both parties

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Speaker 1: expressed concerns. Some called for the release of complete and

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Speaker 1: unedited footage of this second strike. Here is Connecticut Democratic

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Speaker 1: Congressman Jim Hmes.

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Speaker 3: What I saw in that room was one of the

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Speaker 3: most troubling things I've seen in my time in public service.

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Speaker 3: You have two individuals in clear distress, without any means

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Speaker 3: of locomotion, with a destroyed vessel, who were killed by

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Speaker 3: the United States.

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Speaker 1: Jim Himes there, he is Democratic Congressman from Connecticut. Now

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Speaker 1: the White House has insisted the strikes were the lawful

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Speaker 1: use of force. A suspect has been arrested for planting

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Speaker 1: pipe bombs near the Republican and Democratic National Party headquarters

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Speaker 1: in Washington, d C. On January fifth, twenty twenty one.

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Speaker 1: Brian Cole Junior was charged with transporting and explosive device

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Speaker 1: and attempting malicious destruction by means of explosive materials. This

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Speaker 1: marks a breakthrough in a case that has stymied investigators

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Speaker 1: for nearly five years. Here is Attorney General Pambondi.

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Speaker 2: Let me be clear. There was no new tip, there

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Speaker 2: was no new witness, just good diligent police work and

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Speaker 2: prosecratorial work.

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Speaker 1: Attorney General Pambondi now Cole faces a minimum sentence of

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Speaker 1: five years in prison and a maximum of twenty years

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Speaker 1: for the destruction charge. Bondie says the investigation is ongoing

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Speaker 1: and there could be more charges to come. Warner Brothers

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Speaker 1: Discovery has begun exclusive deal talks with Netflix. We are

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Speaker 1: told the two companies could announce a deal as soon

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Speaker 1: as in the coming days, assuming talks don't fall apart.

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Speaker 1: Netflix is offering a five billion dollar breakup fee if

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Speaker 1: regulators do not approve this deal. Netflix wants Warner's film

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Speaker 1: and TV studios, as well as the HBO Max streaming service.

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Speaker 1: The other bidders included Paramounts, Guidance, and Comcast, and earlier today,

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Speaker 1: Paramount accused Warner of failing to conduct a fair process

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Speaker 1: and failing to act in the best interest of Warner shareholders.

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Speaker 1: Meta Platforms is expected to make cuts to its Reality

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Speaker 1: Labs unit. This unit was charged with building the so

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Speaker 1: called metaverse. Mediceo Mark Zuckerberg once framed the metaverse as

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Speaker 1: the future of the company. Well, now we are told

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Speaker 1: executives are considered ring budget cuts next year of as

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Speaker 1: much as thirty percent for Reality Labs. Here is Bloomberg's

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Speaker 1: Kurt Wagner.

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Speaker 4: For a company that has, you know, touted the metaverse,

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Speaker 4: says the future of this business, right. I mean they

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Speaker 4: literally changed the name from Facebook Ink to Meta Platforms Inc.

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Speaker 4: A few years ago. It's a notable decision that they

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Speaker 4: are pulling back. You know, they're not getting rid of

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Speaker 4: the metaverse stuff, but they are pulling back in a

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Speaker 4: meaningful way.

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Speaker 1: That is Bloomberg's Kurt Wagner. Now, the cuts will most

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Speaker 1: likely include layoffs as early as January, although a final

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Speaker 1: decision has not yet been made. We moved to Earning's news.

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Speaker 1: Hewlett Packard Enterprise gave an outlook for sales in the

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Speaker 1: current quarter below estimates. This suggests the company is not

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Speaker 1: meeting high expectations for the sales of its AI servers.

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Speaker 1: We got reaction from Patrick moorehead founder and CEO at

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Speaker 1: More Insights and Strategy.

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Speaker 5: The HPE trade, the AI trade, particularly with these largest customers,

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Speaker 5: these largest buildouts with neok clouds, these giant sovereign class

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Speaker 5: very lumpy business and ultimately I do believe that the

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Speaker 5: math will work for HPE, and quite frankly it has.

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Speaker 5: And if I look across the line of everybody who

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Speaker 5: plays in here, typically the margins are a little bit lower,

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Speaker 5: directly related to the size of the deal.

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Speaker 1: Patrick moorehead there from More Insights and Strategy. Shares in

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Speaker 1: HPE are down by more than seven percent in late

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Speaker 1: US trading. And that is news when you want it

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Speaker 1: with Bloomberg News. Now, I'm Doug Chrisner, and this is

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Speaker 1: Bloomberg