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Speaker 1: Bloomberg Audio Studios, podcasts, radio, news news when you want

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Speaker 1: it With Bloomberg News Now, I'm Doug Krisner. US Defense

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Speaker 1: Secretary Lloyd Austin has temporarily transferred his duties after a

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Speaker 1: sudden hospitalization. We have more from Bloomberg's Denise Pellegrini.

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Speaker 2: The Pedagon says Secretary Austin has transferred the functions and

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Speaker 2: duties of the office to Deputy Defense Secretary Kathleen Hicks.

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Speaker 2: That's after a security detail took him to Walter Reed

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Speaker 2: National Military Medical Center outside Washington with symptoms suggesting an

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Speaker 2: emergent bladder issue. Seventy year old Austin just got out

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Speaker 2: of the hospital last month. He provoked an uproar then

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Speaker 2: for failing to disclose for several days he'd been hospitalized.

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Speaker 2: He was being treated for complications from prostate cancer treatment.

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Speaker 2: Denise Pellegrine Bloomberg Radio.

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Speaker 1: The Israeli military says it has rescued two hostages from

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Speaker 1: captivity in the Gaza Strip. The rescue took place in

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Speaker 1: the southern border town of Rafa. The Israeli Armies says

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Speaker 1: both men are in good medical condition. Earlier, President Biden

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Speaker 1: told Prime Minister Benjamin net Nyahu to shield civilians in

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Speaker 1: Gaza from any Israeli military operation in Rafa. Biden said

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Speaker 1: Israel should not proceed without a credible and executable plan

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Speaker 1: for the safety and support of civilians in Gaza. Ukrainian

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Speaker 1: military intelligence says Russian forces increasingly use Starlink terminals on

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Speaker 1: the front line. This is a new twist in Kiev's

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Speaker 1: uneasy relationship with Elon Musk's internet service. Meantime, Ukraine is

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Speaker 1: considering a plan to plug a hole in its budget.

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Speaker 1: It would involve securing money from the International Monetary Fund

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Speaker 1: if crucial US AID remains blocked. More from Bloomberg's Karen.

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Speaker 3: Moscow sources now Bloomberg Ukrainian officials intend to propose the

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Speaker 3: plan to the IMF during his staff visit to Kiev

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Speaker 3: in the coming week. The plan includes expanded domestic bond sales,

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Speaker 3: tax hikes, and spending cuts. The measures are needed to

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Speaker 3: assure the IMF that Ukraine can service its debts in

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Speaker 3: case allies fail to provide aid, a condition for its

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Speaker 3: fifteen point six billion dollar loan program. The IMF plans

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Speaker 3: to review the loan program later this month, which would

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Speaker 3: unlock a nine hundred million dollar tranche of aid. Karen Moscow, Bloomberg.

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Speaker 1: Radio, TikTok owner Byte Dance is facing the thread of

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Speaker 1: hefty fines as the European Union prepares a probe under

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Speaker 1: its strict new content moderation rules over concerns of risk

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Speaker 1: to miners. More from Bloomberg's Charlie Pellett.

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Speaker 4: Sources say the European Commission will open an investigation into

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Speaker 4: TikTok under the block's new Digital Services Act in coming weeks.

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Speaker 4: The probe stems from concerns that changes the company made

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Speaker 4: to comply with the new regulations were not enough to

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Speaker 4: protect underage users. The DSA gives regulators unprecedented powers to

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Speaker 4: take action against major tech companies for how they handle

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Speaker 4: content on their platforms. Companies face fines of as much

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Speaker 4: as six percent of annual sales or even risk being

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Speaker 4: banned from the EU if they repeatedly break the rules.

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Speaker 4: In New York, Charley Pellet, Bloomberg Radio and the.

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Speaker 1: Kansas City Chiefs have won the Super Bowl. The Chiefs

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Speaker 1: beat the San Francisco forty nine ers in overtime twenty

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Speaker 1: five twenty two. Two Permian oil producers Diamondback Energy and

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Speaker 1: Endeavor Energy Resources are in final discussions toward a merger.

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Speaker 1: We are told the deal would create an oil and

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Speaker 1: gas giant worth more than fifty billion dollars. Here is

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Speaker 1: Bloomberg Sarah Livesey.

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Speaker 5: We Here Endeavor would be valued at around twenty five

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Speaker 5: billion dollars in the stock and cash deal. According to

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Speaker 5: The Wall Street Journal, the new combined energy company would

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Speaker 5: control nearly as much land as rival Conco Phillips in

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Speaker 5: the Permian Basin. A combination of Diamondback and Endeavor would

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Speaker 5: be the latest in a string of major mergers that

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Speaker 5: has reshaped the corporate landscape in US shale oil. Last year,

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Speaker 5: Exon Mobil Corp. Agreed to acquire Pioneer Resources for about

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Speaker 5: sixty billion dollars, and Chevron agreed to buy Hess for

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Speaker 5: about fifty three billion dollars. A formal announcement about the

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Speaker 5: merger it'd come as soon as Monday in the US.

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Speaker 5: In New York, Sarah Libsey, Bloomberg Radio.

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Speaker 1: We go to China next, where loan growth last month

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Speaker 1: fell to a record low. We have more from Bloomberg's

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Speaker 1: Bonniau in Hong Kong.

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Speaker 6: A measure of domestic loan growth expanded by ten point

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Speaker 6: four percent year and year in January. That's the slowest

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Speaker 6: pace in monthly data going back to two thousand and three.

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Speaker 6: The data overshadowed an unexpected pickup in credit and suggests

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Speaker 6: that boring demand remains weak in China. But there were

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Speaker 6: some positive science in Friday's credit data related to housing

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Speaker 6: that medium and long term loans to households rose to

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Speaker 6: the highest since early twenty twenty three, but economists say

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Speaker 6: is still too early to predict the impact of that

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Speaker 6: data without a gross lending figure. In Hong Kong, I'm

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Speaker 6: Bonnie Ol Bloomberg Radio.

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Speaker 1: That is news when you wanted with Bloomberg News. Now

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Speaker 1: I'm Doug Prisoner and this is Bloomberg