Speaker 1: News when you want it with Bloomberg News Now, I'm
Speaker 1: ad Kalegy. SpaceX is reportedly in talks for a share
Speaker 1: sale that would value the rocket maker higher than open
Speaker 1: AIS record setting five hundred billion dollars, making SpaceX the
Speaker 1: most valuable US private company Bloomberg's and Ludlow says there's
Speaker 1: actually more to this.
Speaker 2: I'm hearing that there is a tender underway. It could
Speaker 2: close by Monday. But actually the share price I was
Speaker 2: hearing is much nearer to three hundred dollars apiece, which
Speaker 2: would put the valuation nearer to six hundred billion dollars.
Speaker 2: So this is a kind of live situation.
Speaker 1: Sources tell The Wall Street Journal that SpaceX CFO Brett
Speaker 1: Johnson told investors about the sale in recent days. In addition,
Speaker 1: the Information is reporting that SpaceX is looking to launch
Speaker 1: an IPO in late twenty twenty six. The State's Department
Speaker 1: says the US and Ukraine have agreed to a framework
Speaker 1: of security arrangements after two days of meetings between officials
Speaker 1: from both countries. The US was led by Special Envoy
Speaker 1: steep And Witcoff and Jared Kushner. Discussions included necessary deterrence capabilities,
Speaker 1: to sustain a lasting piece, and both parties agreed that
Speaker 1: progress depends on Russia's readiness to show serious commitment to
Speaker 1: long term peace, including steps toward de escalation and cessation
Speaker 1: of killings. The US and Ukraine will reconvene Saturday for
Speaker 1: more talks. The Supreme Court said it will review President
Speaker 1: Trump's planned rollback of automatic birthright citizenship, setting up a
Speaker 1: high stake showdown over when long has been understood to
Speaker 1: be a constitutional right. The clash will test a Trump
Speaker 1: executive order that lower courts have uniformly says runs a
Speaker 1: foul of the Constitution, federal immigration law, and Supreme Court precedent.
Speaker 1: The justices will hear an administration appeal in a suit
Speaker 1: being pressed by affected people. It is the first time
Speaker 1: the President's plan has been squarely before the High Court.
Speaker 1: Netflix has agreed to buy Warner Bros. Discovery, marking a
Speaker 1: seismic shift in the entertainment business as a Silicon Valley
Speaker 1: bred streaming giant tries to swallow one of Hollywood's oldest
Speaker 1: and most revered studios. Under terms of the deal announced Friday,
Speaker 1: Warner Brothers shareholders will receive twenty seven seventy five a
Speaker 1: share in cash and stock in Netflix, valuing the business
Speaker 1: at eighty two point seven billion including debt. The total
Speaker 1: equity value of the deal is seventy two billion dollars.
Speaker 1: Warner Brothers will spin off cable networks such as CNN
Speaker 1: and TNT into a separate company before concluding the sale
Speaker 1: of its studio and HBO two Netflix. The Trump administration
Speaker 1: has started charging a five thousand dollars fee to people
Speaker 1: who enter the US illegally. The apprehension fee applies to
Speaker 1: any one fourteen year older who was arrested and determined
Speaker 1: to have crossed the border without authorization and is deemed inadmissible.
Speaker 1: US Border Patrol Chief Michael Banks said this in a
Speaker 1: statement on x on Thursday. The fee was approved by
Speaker 1: Congress under President Trump's One Big, Beautiful Bill Act, which
Speaker 1: included billions of dollars for immigration enforcement. An influential panel
Speaker 1: of US vaccine advisors voted to revoke a long standing
Speaker 1: recommendation that all babies receive hepatitis B shop within twenty
Speaker 1: four hours of birth, a move expected to reverse the
Speaker 1: country's progress toward eliminating the disease. The decision is the
Speaker 1: most consequential action taken by the Advisory Committee on Immunization
Speaker 1: Practices since the group was recast under Health and Human
Speaker 1: Services Secretary Robert F. Kennedy Junior earlier this year. The
Speaker 1: vote allows parents to delay the shot for at least
Speaker 1: two months, or skip it all together if the mother
Speaker 1: tests negative for the virus. The stock market crept higher
Speaker 1: on Friday, but stopped short of records. We get more
Speaker 1: from Bloomberg's Charlie Pellett.
Speaker 3: For the week, the S and P five hundred index
Speaker 3: was up three tenths of one percent. The Dow gained
Speaker 3: five tenths. NASDAK was up by nine tenths of one percent.
Speaker 3: Traders refrain from making big bets ahead of the Fed's
Speaker 3: interest rate cut decision next week. The NASDAK one hundred
Speaker 3: index up four tenths of one percent, while the Russell
Speaker 3: two thousand gage of smaller companies slipped after closing at
Speaker 3: a record on Thursday. Friday, the SMPN Dow both gained
Speaker 3: two tents of one percent. NASDAK was up three to
Speaker 3: ten of one percent in New York, Charlie pet Bloomberg radio.
Speaker 1: President Trump has eased the required improvements in fuel economy
Speaker 1: imposed on the auto industry. Republican Lisa McLain if Michigan
Speaker 1: tells Bloomberg the auto companies in her state welcome the decision.
Speaker 4: It's less regulation and it makes the car more affordable.
Speaker 4: And the more regulation you put on manufacturers, that's passed
Speaker 4: right down to the consumer, so they produce an actual
Speaker 4: product that people want to buy.
Speaker 1: Republican Lisa McLain of Michigan. The Friday numbers on Wall Street,
Speaker 1: the Dow gain one four, Nasdaq added seventy two, the
Speaker 1: S and P was up thirteen. The ten year treasury
Speaker 1: yield is at four point one three percent, the two
Speaker 1: year treasury yield three point five six percent. That's news
Speaker 1: when you want it with Bloomberg News. Now I made Kleggy.
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