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

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Speaker 1: President Trump delivered a record long State of the Union address,

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Speaker 1: where he offered a strident defense of his administration and

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Speaker 1: its economic record.

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Speaker 2: Today, our border is secure, our spirit is restored, Inflation

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Speaker 2: is plummeting, incomes are rising fast, the roaring economy is

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Speaker 2: roaring like never before, and our enemies are scared, our

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Speaker 2: military and police are stacked, and America is respected again,

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Speaker 2: perhaps like never before.

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Speaker 1: The speech lasted an hour and forty eight minutes, and

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Speaker 1: in it Trump addressed the Supreme Court's decision to invalidate

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Speaker 1: his use of tariffs under emergency powers. Here is Trump

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Speaker 1: addressing the Court's decision.

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Speaker 2: So, despite the disappointing ruling, these powerful country saving it's

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Speaker 2: saving our country. The kind of money we're taking in

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Speaker 2: peace protecting many of the wars I settled was because

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Speaker 2: of the threat of tariffs. I wouldn't have been able

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Speaker 2: to settle him with a will remain in place. Under

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Speaker 2: fully approved and tested alternative legal statutes, and they have

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Speaker 2: been tested for a long time. They're a little more complex,

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Speaker 2: but they're actually probably better, leading to a solution that

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Speaker 2: will be even stronger than before. Congressional action will not

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Speaker 2: be necessary. It's already time tested and approved.

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Speaker 1: Trump also used the address to Touty's agenda and shape

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Speaker 1: the Republican Party's messaging on affordability ahead of this year's

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Speaker 1: midterm elections. Now, the rebuttal to Trump's address was delivered

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Speaker 1: by Virginia's Democratic Governor, Abigail Spanberger.

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Speaker 3: Meanwhile, the President is planning for new tariffs, another massive

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Speaker 3: tax hike on you and your family, and Republicans in

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Speaker 3: Congress they remain unwilling to assert their constitutional authority to

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Speaker 3: stop him. They're making your life harder, They're making your

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Speaker 3: life more expensive. They're even making it more difficult to

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Speaker 3: see a doctor.

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Speaker 1: That is Virginia Governor Abigail Spanberger. Warner Brothers Discovery says

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Speaker 1: a new takeover offer from paramounts guidance is expected to

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Speaker 1: lead to a better deal than Warner's existing agreement with Netflix.

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Speaker 1: Paramount's revised bit is worth thirty one dollars per share

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Speaker 1: cash now. Warner's board made the determination after a seven

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Speaker 1: day period in which Paramount was allowed to once again negotiate.

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Speaker 1: Here is Bloomberg's Chris Palmery.

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Speaker 4: The Warner Brothers board is not completely convinced that they're there.

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Speaker 4: They maybe think they can get a little bit more

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Speaker 4: out of Paramount. It certainly seems that way. This is

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Speaker 4: an extraordinary offer here. Paramounts not only raise the price

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Speaker 4: thirty one dollars to share, they raise the termination fee

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Speaker 4: if they don't get their deal done due to regular

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Speaker 4: toory concerns. They're also agreeing to pay two point eight

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Speaker 4: billion dollars to Netflix to get them out of that deal.

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Speaker 4: So just a real indicator of how much Paramount want.

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Speaker 1: That is Bloomberg's Chris Palmery. Now, Warner's board has not

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Speaker 1: withdrawn its recommendation to shareholders to support the agreement with Netflix.

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Speaker 1: That deal, by the way, at twenty seven dollars seventy

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Speaker 1: five cents a share, would pay for Warner's studio and

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Speaker 1: HBO operation. Instead, Warner's board is saying the latest terms

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Speaker 1: from Paramount meet the threshold for further talks, including with Netflix.

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Speaker 1: The Pentagon and Anthropic are in a standoff. Defense Secretary

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Speaker 1: Pete Hegseth has given Anthropic until Friday to open its

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Speaker 1: AI technology for unrestricted military use or risk losing its

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Speaker 1: government contract. Now Reuter's is reporting Anthropic has no plans

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Speaker 1: to ease limits on military usage. Gregory Allen is with

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Speaker 1: the Wowandi AI Center. He says this dispute comes at

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Speaker 1: an awkward time.

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Speaker 5: The user base within the Department of Defense loves Anthropic,

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Speaker 5: loves Claude and says that their restrictions on usage, at

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Speaker 5: least from the conversations that I have been had, have

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Speaker 5: never been triggered. There has never been a time where

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Speaker 5: Anthropics said no.

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Speaker 1: You can hear more with Greg Allen on the Bloomberg

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Speaker 1: Balance of Power podcast. The Department of Justice is being

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Speaker 1: accused of withholding files on Jeffrey Epstein related to a

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Speaker 1: claim that President Trump sexually abused a minor. Democratic Congressman

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Speaker 1: Robert Garcia said he reviewed the unredacted evidence logs at

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Speaker 1: the DOJ, and he said Democrats on the Oversight Committee

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Speaker 1: can confirm. The DOJ appears to have illegally withheld FBI

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Speaker 1: interviews with a survivor who accused President Trump of heinous crimes. Now,

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Speaker 1: the DOJ says the file that listed all the FBI

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Speaker 1: interviews with a victim was removed for redactions, but then

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Speaker 1: put back online. The DOJ added it has not deleted

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Speaker 1: any files. Tomorrow after the bell, we'll get earnings from

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Speaker 1: AI Bellwether in Vidia. We have a preview from Bloomberg's

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Speaker 1: Tom Busby.

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Speaker 6: And Nvidia needs to deliver another blowout earnings report to

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Speaker 6: justify the hundreds of billions of dollars being spent by

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Speaker 6: tech giants on its artificial intelligence chips and other AI infrastructure.

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Speaker 6: CEO Jensen Wong is asshured investors that demand remains high

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Speaker 6: as customers like Alphabet and Meta Platforms have detailed aggressive

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Speaker 6: spending plans over the last few weeks, but investors are

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Speaker 6: eager to hear about additional ways for Nvidia to grow,

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Speaker 6: including plan chip sales in China. Bloomberg consensus calls for

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Speaker 6: revenue of sixty five point nine to one billion dollars

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Speaker 6: on adjusted earnings per share of a dollar fifty three.

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Speaker 6: Tom buzzby Bloomberg Radio.

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Speaker 1: And that is news when you want it with Bloomberg News. Now,

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Speaker 1: I'm Doug Chrisner, and this is Bloomberg