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

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Speaker 1: Doug Prisner. We begin in New York City, where Zoran

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Speaker 1: Mumdani was sworn in as the city's one hundred twelfth

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Speaker 1: mayor at the stroke of midnight. He is New York

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Speaker 1: City's first mayor of South Asian descent, its first Muslim mayor,

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Speaker 1: and the youngest mayor in more than a century. Later

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Speaker 1: in the day, Mumdanni spoke at a public inauguration ceremony

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Speaker 1: before a large crowd at City Hall.

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Speaker 2: I stand alongside over one million New Yorkers who voted

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Speaker 2: for this day nearly two months ago, and I stand

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Speaker 2: just as resolutely alongside those who did not. I know

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Speaker 2: there are some who view this administration with distrust or disdain,

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Speaker 2: or who see politics as permanently broken, and while only

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Speaker 2: action can change minds, I promise you this, If you

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Speaker 2: are a New Yorker, I am your mayor.

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Speaker 1: Mamdanni campaigned on a pledge to address with he called

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Speaker 1: an affordability crisis. He also intends to make city bus

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Speaker 1: service free, and Mamdani has promised to freeze rents on

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Speaker 1: some apartments and implement a free universal childcare program.

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Speaker 2: Over the years to come, My administration will resurrect that legacy.

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Speaker 2: City Hall will deliver an agenda of safety, affordability, an

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Speaker 2: abundance where government looks and lives like the people it represents.

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Speaker 1: Even so, Mamdani will face immediate obstacles to his goals.

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Speaker 1: Many will require approval from state lawmakers and Governor Kathy Hokeel.

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Speaker 1: We go to Switzerland next, where authorities say about forty

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Speaker 1: people were killed and one hundred and fifteen injured after

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Speaker 1: an overnight fire ripped through a bar at a popular

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Speaker 1: resort in the Swiss Alps. Local officials say the blaze

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Speaker 1: was the result of an accident. Eyewitnesses told French broadcaster

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Speaker 1: BFMTV that a candle on a bottle ignited the ceiling.

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Speaker 1: Swiss President GhIE Parmelan said, it's it's one of the

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Speaker 1: worst tragedies his country has ever experienced.

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Speaker 3: Their lives should be honored for what they were promise

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Speaker 3: energy a part of our shared future. We owe it

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Speaker 3: to them to respect them, We owe it to their

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Speaker 3: memory to make sure that such a tragedy never happens again.

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Speaker 1: That is Swiss President Gui Parmelan, speaking through a translator. Now,

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Speaker 1: investigators are retrieving some phones and conducting interviews with witnesses

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Speaker 1: to see if the venue had correct safety procedures and

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Speaker 1: emergency exits. Ukraine's president says a peace agreement with Russia

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Speaker 1: is close, but it will not be made at any price.

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Speaker 1: Voladimir Zelensky said he would not sign a weak peace

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Speaker 1: agreement that would only prolong the conflict. In a New

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Speaker 1: Year's Day address, Lensky said, the outstanding issues will determine

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Speaker 1: the fate of peace between Ukraine and Europe. Not of

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Speaker 1: you are nostovitchaltk.

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Speaker 3: The peace agreement is ninety percent ready. Ten percent remains,

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Speaker 3: and that is farm more than just numbers. That ten

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Speaker 3: percent contains, in fact everything.

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Speaker 1: Ukrainian President Vladimir Zelensky, speaking through a translator. Meantime, authorities

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Speaker 1: in the Kurson region installed by Russias said a Ukrainian

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Speaker 1: drone attack struck a cafe and hotel, killing at least

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Speaker 1: twenty four and injuring more than fifty people. Now Zelensky

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Speaker 1: did not comment on any such attack, but he did

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Speaker 1: say that Russia had launched more than two hundred drones

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Speaker 1: against Ukraine overnight, targeting energy infrastructure across several regions. Back

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Speaker 1: in the States, President Trump is delaying tariff increases on

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Speaker 1: upholstered furniture, kitchen cabinets, and vanities more from Bloomberg's Charlie Pellett.

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Speaker 4: It is as the pace of his levees as voter

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Speaker 4: frustration over price levels continues to simmer. The White House

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Speaker 4: published a fact sheet on the presidential proclamation while the

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Speaker 4: President hosted a New Year's Eve party at his Mari

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Speaker 4: Lago estate in Florida. The higher tariffs were due to

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Speaker 4: take effect New Year's Day, but they are now set

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Speaker 4: to take effect January first, twenty twenty seven in New

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Speaker 4: York Charlie Pellett Bloomberg Radio.

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Speaker 1: And at the same time, the US will reduce tariffs

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Speaker 1: on some Italian pasta brands. Italy's foreign ministers said the

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Speaker 1: US Department of Commerce made the move before an anti

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Speaker 1: dumping investigation concludes in March. Several states in the US

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Speaker 1: are set to ban items like soda and candy for

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Speaker 1: Americans who rely on government benefits to buy food. More

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Speaker 1: from Bloomberg's Monica Ricks.

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Speaker 5: Indiana, Iowa, Nebraska, Utah, and West Virginia are the first

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Speaker 5: of at least eighteen states enacting waivers in twenty twenty

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Speaker 5: six that band's purchases of candy, sodas, and other sugar

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Speaker 5: foods using Snap benefits. Many additional items, including certain prepared foods,

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Speaker 5: are also prohibited. It's part of a push by federal

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Speaker 5: health officials, including Health Secretary Robert F. Kennedy Junior, to

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Speaker 5: cut foods considered unhealthy from the one hundred billion dollar

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Speaker 5: federal program, which serves forty two million Americans, and reduce

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Speaker 5: chronic diseases such as obesity and diabetes. Monica Rix Bloomberg Radio, and.

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Speaker 1: 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