WEBVTT - SpaceX Record Valuation, US & Ukraine Security Framework, More

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<v Speaker 1>News when you want it with Bloomberg News Now, I'm

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<v Speaker 1>ad Kalegy. SpaceX is reportedly in talks for a share

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<v Speaker 1>sale that would value the rocket maker higher than open

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<v Speaker 1>AIS record setting five hundred billion dollars, making SpaceX the

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<v Speaker 1>most valuable US private company Bloomberg's and Ludlow says there's

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<v Speaker 1>actually more to this.

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<v Speaker 2>I'm hearing that there is a tender underway. It could

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<v Speaker 2>close by Monday. But actually the share price I was

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<v Speaker 2>hearing is much nearer to three hundred dollars apiece, which

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<v Speaker 2>would put the valuation nearer to six hundred billion dollars.

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<v Speaker 2>So this is a kind of live situation.

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<v Speaker 1>Sources tell The Wall Street Journal that SpaceX CFO Brett

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<v Speaker 1>Johnson told investors about the sale in recent days. In addition,

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<v Speaker 1>the Information is reporting that SpaceX is looking to launch

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<v Speaker 1>an IPO in late twenty twenty six. The State's Department

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<v Speaker 1>says the US and Ukraine have agreed to a framework

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<v Speaker 1>of security arrangements after two days of meetings between officials

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<v Speaker 1>from both countries. The US was led by Special Envoy

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<v Speaker 1>steep And Witcoff and Jared Kushner. Discussions included necessary deterrence capabilities,

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<v Speaker 1>to sustain a lasting piece, and both parties agreed that

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<v Speaker 1>progress depends on Russia's readiness to show serious commitment to

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<v Speaker 1>long term peace, including steps toward de escalation and cessation

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<v Speaker 1>of killings. The US and Ukraine will reconvene Saturday for

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<v Speaker 1>more talks. The Supreme Court said it will review President

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<v Speaker 1>Trump's planned rollback of automatic birthright citizenship, setting up a

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<v Speaker 1>high stake showdown over when long has been understood to

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<v Speaker 1>be a constitutional right. The clash will test a Trump

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<v Speaker 1>executive order that lower courts have uniformly says runs a

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<v Speaker 1>foul of the Constitution, federal immigration law, and Supreme Court precedent.

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<v Speaker 1>The justices will hear an administration appeal in a suit

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<v Speaker 1>being pressed by affected people. It is the first time

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<v Speaker 1>the President's plan has been squarely before the High Court.

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<v Speaker 1>Netflix has agreed to buy Warner Bros. Discovery, marking a

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<v Speaker 1>seismic shift in the entertainment business as a Silicon Valley

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<v Speaker 1>bred streaming giant tries to swallow one of Hollywood's oldest

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<v Speaker 1>and most revered studios. Under terms of the deal announced Friday,

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<v Speaker 1>Warner Brothers shareholders will receive twenty seven seventy five a

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<v Speaker 1>share in cash and stock in Netflix, valuing the business

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<v Speaker 1>at eighty two point seven billion including debt. The total

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<v Speaker 1>equity value of the deal is seventy two billion dollars.

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<v Speaker 1>Warner Brothers will spin off cable networks such as CNN

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<v Speaker 1>and TNT into a separate company before concluding the sale

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<v Speaker 1>of its studio and HBO two Netflix. The Trump administration

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<v Speaker 1>has started charging a five thousand dollars fee to people

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<v Speaker 1>who enter the US illegally. The apprehension fee applies to

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<v Speaker 1>any one fourteen year older who was arrested and determined

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<v Speaker 1>to have crossed the border without authorization and is deemed inadmissible.

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<v Speaker 1>US Border Patrol Chief Michael Banks said this in a

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<v Speaker 1>statement on x on Thursday. The fee was approved by

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<v Speaker 1>Congress under President Trump's One Big, Beautiful Bill Act, which

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<v Speaker 1>included billions of dollars for immigration enforcement. An influential panel

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<v Speaker 1>of US vaccine advisors voted to revoke a long standing

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<v Speaker 1>recommendation that all babies receive hepatitis B shop within twenty

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<v Speaker 1>four hours of birth, a move expected to reverse the

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<v Speaker 1>country's progress toward eliminating the disease. The decision is the

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<v Speaker 1>most consequential action taken by the Advisory Committee on Immunization

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<v Speaker 1>Practices since the group was recast under Health and Human

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<v Speaker 1>Services Secretary Robert F. Kennedy Junior earlier this year. The

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<v Speaker 1>vote allows parents to delay the shot for at least

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<v Speaker 1>two months, or skip it all together if the mother

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<v Speaker 1>tests negative for the virus. The stock market crept higher

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<v Speaker 1>on Friday, but stopped short of records. We get more

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<v Speaker 1>from Bloomberg's Charlie Pellett.

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<v Speaker 3>For the week, the S and P five hundred index

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<v Speaker 3>was up three tenths of one percent. The Dow gained

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<v Speaker 3>five tenths. NASDAK was up by nine tenths of one percent.

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<v Speaker 3>Traders refrain from making big bets ahead of the Fed's

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<v Speaker 3>interest rate cut decision next week. The NASDAK one hundred

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<v Speaker 3>index up four tenths of one percent, while the Russell

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<v Speaker 3>two thousand gage of smaller companies slipped after closing at

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<v Speaker 3>a record on Thursday. Friday, the SMPN Dow both gained

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<v Speaker 3>two tents of one percent. NASDAK was up three to

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<v Speaker 3>ten of one percent in New York, Charlie pet Bloomberg radio.

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<v Speaker 1>President Trump has eased the required improvements in fuel economy

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<v Speaker 1>imposed on the auto industry. Republican Lisa McLain if Michigan

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<v Speaker 1>tells Bloomberg the auto companies in her state welcome the decision.

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<v Speaker 4>It's less regulation and it makes the car more affordable.

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<v Speaker 4>And the more regulation you put on manufacturers, that's passed

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<v Speaker 4>right down to the consumer, so they produce an actual

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<v Speaker 4>product that people want to buy.

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<v Speaker 1>Republican Lisa McLain of Michigan. The Friday numbers on Wall Street,

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<v Speaker 1>the Dow gain one four, Nasdaq added seventy two, the

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<v Speaker 1>S and P was up thirteen. The ten year treasury

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<v Speaker 1>yield is at four point one three percent, the two

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<v Speaker 1>year treasury yield three point five six percent. That's news

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<v Speaker 1>when you want it with Bloomberg News. Now I made Kleggy.

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<v Speaker 1>This is Bloomberg