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Speaker 1: News when you want it with Bloomberg News Now, I'm

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Speaker 1: Charlie Pellett. President Trump has granted Nvidia permission to ship

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Speaker 1: its H two hundred artificial intelligence chip to China in

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Speaker 1: exchange for a twenty five percent cut of the sales.

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Speaker 1: The decision marks a major lobbying win for in Vidia

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Speaker 1: and could let it regain business lost in the China market.

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Speaker 1: The President added that the sales will go only to

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Speaker 1: approved customers, and the chip makers, including Intel and Advanced

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Speaker 1: micro Devices, would also be eligible. Reaction from Kansas Republican

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Speaker 1: Senator Jerry Moran.

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Speaker 2: This has huge consequences.

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Speaker 3: This is clearly about our country's economy in the future,

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Speaker 3: but it's also perhaps more importantly an issue for our

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Speaker 3: national security, our national defense.

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Speaker 1: Kansas Republican Senator Jerry Moran, speaking on Bloomberg's Balance of Power.

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Speaker 1: President Trump meanwhile has announced twelve billion dollars in farmer

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Speaker 1: relief and pressured farm e equipment manufacturers to drop prices

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Speaker 1: for tractors.

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Speaker 4: Maximizing domestic farm production is a big part of how

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Speaker 4: we will make America affordable again and bring down grocery

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Speaker 4: prices for American families.

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Speaker 1: The aid package includes one time, payments to crop farmers,

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Speaker 1: and funds for growers of specialty crops. The eight comes

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Speaker 1: amid rising frustration among farmers on the slow pace of

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Speaker 1: Chinese purchases, which Beijing clamped down on earlier this year

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Speaker 1: in retaliation for Trump's escalating tariff barrage. Paramount Skydance has

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Speaker 1: taken its bidding for Warner Brothers Discovery public with an

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Speaker 1: offer of thirty dollars a share in cash, only days

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Speaker 1: after the company agreed to a deal with Netflix. Paramount's

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Speaker 1: bid is for the entirety of Warner Brothers, while Netflix

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Speaker 1: is only interested in the Hollywood studios and streaming business.

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Speaker 1: Netflix CEO Ted Sorrendos says Paramount's bid was expected.

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Speaker 4: We have a deal done and we are incredibly happy

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Speaker 4: with the deal. We think it's great for our shareholders,

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Speaker 4: think it's great for consumers. We think it's a great

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Speaker 4: way to create and protect jobs in the entertainment industry.

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Speaker 4: We're super confident we're going to get it across the

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Speaker 4: line and finish, so we're excited.

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Speaker 1: After the bell, Toll Brothers gave investors a cautious outlook

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Speaker 1: as housing demand remain soft, and with that story, Bloomberg's

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Speaker 1: Alexis CHRISTOFFERUS.

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Speaker 5: Luxury home builder Toll Brothers says more affluent customers were

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Speaker 5: willing to trade up to a new home last quarter,

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Speaker 5: even if it meant selling an existing home and giving

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Speaker 5: up a cheaper mortgage rate. It also helped that rates

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Speaker 5: plunged from almost seven percent to below six point three percent. Builders,

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Speaker 5: including Toll, have been leaning more heavily on incentives, such

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Speaker 5: as mortgage rate buydowns to attract buyers. Told Brothers also

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Speaker 5: warned that it will deliver fewer homes than expect it

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Speaker 5: in twenty twenty six.

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Speaker 1: Bloomberg's Alexis Christofferus next Era Energy shares were down three

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Speaker 1: point one percent today after announcing a floria of to

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Speaker 1: develop data centers and expand its fossil fuel footprint and

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Speaker 1: with more. Here's Bloomberg's Tom buzzbe.

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Speaker 3: Next Era is the big clean power developer that's been

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Speaker 3: pivoting into natural gas generation, preferred by President Donald Trump.

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Speaker 3: The shares declined as investors questioned whether the company could

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Speaker 3: make that switch. A Jeffreys analyst attributed the drop to

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Speaker 3: weak renewable development and a need to convert data center

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Speaker 3: announcements into deals and earnings. In its investor Day presentation,

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Speaker 3: next Era said it will partner with Alphabet inks Google

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Speaker 3: Cloud to develop data centers across the US, and agreed

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Speaker 3: to supply about two point five gigawatts of clean energy

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Speaker 3: capacity to meta platforms. The Florida based companies also buying

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Speaker 3: a natural gas retailer and plans to develop gas plants

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Speaker 3: separately with Exonmobile and Comstock Resources.

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Speaker 1: In New York.

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Speaker 3: Tom buzzby Bloomberg Radio.

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Speaker 1: A down day today, with the Dow, the SMP, and

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Speaker 1: NESTAK all declining. The S and P five hundred dipped

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Speaker 1: after closing. Neuro Record has uncertainty over the pace of

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Speaker 1: easing in twenty twenty six and warriiness about the sustainability

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Speaker 1: of an AI driven rally tempered sentiment. As for the

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Speaker 1: inflation outlook, Kevin Gordon is head of macro Research and

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Speaker 1: Strategy at Charles Schwab.

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Speaker 2: I think that the inflation backtrop is going to be

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Speaker 2: a little bit trickier in the sense that there's probably

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Speaker 2: some upside inflation risk from tariffs that are expected to

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Speaker 2: stay high, which have already put upper pressure on goods prices,

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Speaker 2: but also physical stimulus coming from the Big beautiful bill.

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Speaker 2: And I think still a even if it's a wobbly

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Speaker 2: but still relatively resilient labor market that keeps people spending

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Speaker 2: on a month to month basis.

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Speaker 1: Kevin Gordon of Charles Schwab. And that's news when you

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Speaker 1: want it with Bloomberg News. Now, I'm Charlie Pealatan. This

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Speaker 1: is book