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

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Speaker 1: Earlier tonight, President Biden delivered his farewell address to the

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Speaker 1: American people from the Oval Office.

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Speaker 2: We've proven we don't have to choose between protecting the

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Speaker 2: environment and growing economy. We're doing both. The powerful forces

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Speaker 2: want to wield their unchecked influence to eliminate the steps

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Speaker 2: we've taken to tackle a crime and crisis to serve

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Speaker 2: their own interest for power and profit. We must not

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Speaker 2: be bullied the sacrifice in the future, the future of

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Speaker 2: our children and our grandchildren.

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Speaker 1: That is President Biden speaking there. His address capped a

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Speaker 1: five decade career in politics and public service. He stressed

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Speaker 1: a familiar theme of working to preserve and protect democratic ideals.

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Speaker 1: Biden's remarks came on a day that we also got

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Speaker 1: word a ceasefire in Gaza has been reached. This brings

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Speaker 1: a temporary haul to the war in Gaza, a conflict

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Speaker 1: that has killed tens of thousands over the last fifteen months,

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Speaker 1: and it sparked broader turmoil across the Middle East. Here

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Speaker 1: is Bloomberg's Nick Watams.

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Speaker 3: Israel would not have agreed to a deal unless there

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Speaker 3: was an agreement around the release of at least some

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Speaker 3: of the hostages who are remaining in Gaza. So the

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Speaker 3: question is how many and when, and then also the

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Speaker 3: big question looking forward, you know, if there are violations

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Speaker 3: to the ceasefire, what's that going to mean for its

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Speaker 3: overall viability?

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Speaker 1: That is Bloombergg's Nick Watams. Now, details of the agreement

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Speaker 1: are still unclear, and the fate of the dozens of

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Speaker 1: hostages captured after Hamas tact Israel on October seventh, twenty

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Speaker 1: twenty three, is so far unknown. A formal announcement is

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Speaker 1: expected soon, but we have still not heard from Israeli

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Speaker 1: Prime Minister Benjamin Netnyahu. We're getting more details on those

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Speaker 1: Chinese state sponsored hackers who breached the US Treasury Department

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Speaker 1: late last year. An agency report reviewed by Bloomberg News

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Speaker 1: shows the hackers got into more than four four hundred

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Speaker 1: laptop and desktop computers, taking particular interest in the machines

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Speaker 1: of staff and senior leaders focused on sanctions. The hacker's

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Speaker 1: accessed employee user names and passwords, as well as more

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Speaker 1: than three thousand files on unclassified PCs. President elect Trump's

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Speaker 1: nominee for Treasury Secretary, Scott Bessant will be on Capitol

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Speaker 1: Hill tomorrow for his confirmation hearing. In prepared remarks, Besant

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Speaker 1: will emphasize the importance of maintaining the US dollar as

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Speaker 1: the world's reserve currency, and he'll also discuss securing supply

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Speaker 1: chains and deploying sanctions as a way of addressing national

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Speaker 1: security requirements. Microsoft CEO Sakia Adella became the latest tech

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Speaker 1: industry chief to make overtures to the incoming Trump administration.

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Speaker 1: Nadella met with President Electroump and Elon Musk to discuss

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Speaker 1: artificial intelligence and cybersecurity. The conversation included Microsoft's pledge to

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Speaker 1: invest eighty billion dollars on AI data Center's worldwide wide

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Speaker 1: and the meeting touched on export control policy, as well

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Speaker 1: as the need for a balance between security protection and

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Speaker 1: the ability of US tech companies to expand rapidly. The

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Speaker 1: US has introduced new regulations to prevent advanced chips from

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Speaker 1: being sold to China now. These rules are aiming to

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Speaker 1: restrict China's access to advanced technologies, including artificial intelligence chips

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Speaker 1: and high bandwidth memory chips. Here's Bloomberg's minmen Low.

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Speaker 4: These are latest rules that will require chip makers like TSMC,

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Speaker 4: SOMESNG Intel to step up due diligence of their customers.

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Speaker 4: The US is expanding licensing requirements for these foundries and

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Speaker 4: packaging companies, with tighter rules being applied unless these customers

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Speaker 4: are trusted customers that are able to prove that they're

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Speaker 4: processing their processes are below a certain performance threshold.

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Speaker 1: That is Bloomberg's minmen Low reporting. Now, these chip restrictions

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Speaker 1: come as the Biden administration is trying to cement its

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Speaker 1: legacy in restricting the flow of advanced technologies to China.

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Speaker 1: A group of investors is looking to form an international

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Speaker 1: basketball league to rival the NBA. We are told the

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Speaker 1: group is being advised by Maverick Carter, business partner of

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Speaker 1: La lakerstar Lebron James. The group, we are told, is

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Speaker 1: seeking to raise five billion dollars from private capital sources,

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Speaker 1: and it's tapped Ubs Group and Evercore to help raise

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Speaker 1: the money. And that is news when you want it

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

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Speaker 1: Bloomberg