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Speaker 1: Bloomberg Audio Studios, podcasts, radio, news.

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Speaker 2: News when you want it with Bloomberg News Now, I

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Speaker 2: mean kleggy. President Biden suffered a potentially devastating political blow

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Speaker 2: from the Special Council, who characterized him as an elderly

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Speaker 2: man with a poor memory. Bloomberg's IRV Chapman reports from Washington.

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Speaker 3: Threw a scare into Democrats looking to win the November election.

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Speaker 3: Greg Valier, political analyst for AGF Investment, said in a

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Speaker 3: Bloomberg interview, there.

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Speaker 4: Are people on Capitol Hill who are increasingly worried about

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Speaker 4: a loss of the House, Senate and White House. They

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Speaker 4: feared that Biden could drag candidates down. I think that's

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Speaker 4: a legitimate share, and that's why the Democrats are increasingly

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Speaker 4: worried about a really tough.

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Speaker 3: Election American voters. Valier editoror dismayed at having to choose

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Speaker 3: between Joe Biden and Donald Trump, but both are determined,

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Speaker 3: despite their unique obstacles, to stay in the race. In Washington.

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Speaker 3: IRV Chapman, Bloomberg Radio.

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Speaker 2: Jeff Bezos on loaded twelve million shares of Amazon this week,

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Speaker 2: the first time the billionaire has sold the company stock

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Speaker 2: since twenty twenty one. The sales took place on Wednesday

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Speaker 2: and Thursday and netted just over two billion dollars. According

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Speaker 2: to a filing Amazon disclosed in February second that Bezos

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Speaker 2: plans to sell as many as fifty million shares of

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Speaker 2: Amazon over the next twelve months, potentially cashing in on

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Speaker 2: a stock surge that's put him within reach of becoming

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Speaker 2: the world's richest person. His fortune has climbed twenty two

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Speaker 2: point six billion dollars this year to one hundred and

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Speaker 2: ninety nine point five billionaires of Friday, this according to

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Speaker 2: the Bloomberg Billionaire's Index. A four point six magnitude earthquake

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Speaker 2: rattled the Los Angeles area of Friday, adding to the

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Speaker 2: woes of residents who dealt with the threat of flooding

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Speaker 2: and landslides from a powerful storm that drenched the area

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Speaker 2: earlier in the week. The quake that struck Friday afternoon

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Speaker 2: was located about six miles northwest of Malibu. According to

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Speaker 2: the United States Geological Survey, it was measured at a

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Speaker 2: depth of about nine and a half miles. This Sunday,

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Speaker 2: more than one hundred million viewers are expected to watch

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Speaker 2: the Super Bowl. The game will air on CBS and

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Speaker 2: its properties. Paramount Global President and CEO Bob Backish says

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Speaker 2: CBS is ready.

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Speaker 5: So the infrastructure around the Super Bowl to ensure that

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Speaker 5: the world's audiences can see it is truly extraordinary. I

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Speaker 5: mean the number of cameras, remote cameras, etc. I think

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Speaker 5: it's like one hundred and forty or something like that.

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Speaker 2: Bob Beckish, speaking with Bloomberg Technology anchors ed Ludlow and

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Speaker 2: Caroline Hyde from the site of the Super Bowl Las Vegas.

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Speaker 2: The Sunday's game between the Kansas City Chiefs and the

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Speaker 2: San Francisco forty nine Ers will also stream on Paramount

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Speaker 2: plus Elon Musk's brain implanned company, Neurlink Corporation, switched the

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Speaker 2: location of its business in corporation to Nevada from Delaware,

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Speaker 2: taking steps to cut ties to a state where Musk

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Speaker 2: has suffered significant legal setbacks, one overpay and another over

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Speaker 2: his acquisition of Twitter. The change was completed Thursday, according

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Speaker 2: to the Office of the Nevada Secretary of State and

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Speaker 2: a note as sent to shareholders in the company. Last week,

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Speaker 2: a Delaware judge struck down Musk's fifty five billion dollars

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Speaker 2: Tesla pay package. In a post on X, the social

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Speaker 2: network he owns MUSK advised founders not to incorporate in

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Speaker 2: the state. The note is sent to shareholders, which was

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Speaker 2: reviewed by Bloomberg, informed them that their outstanding shares in

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Speaker 2: the Delaware Corporation would now be incorporated into outstanding shares

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Speaker 2: in the Nevada Corporation. And with a recent spate of

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Speaker 2: layoff announcements where hearing employers create new euphemisms for chob cuts,

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Speaker 2: Bloomberg's Nancy Lyons reports.

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Speaker 1: Tens of thousands have started the year being laid off,

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Speaker 1: with the tech industry alone cutting thirty two thousand positions.

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Speaker 1: Managers are running out of ways to say you're gone.

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Speaker 1: At Spotify back in December, they called the cuts right Sizing.

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Speaker 1: City Group back in November, described twenty thousand layoffs as

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Speaker 1: a quote simplified operating model. META calls them org changes.

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Speaker 1: Other terms include involuntary career event, corporate out placing. Harvard

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Speaker 1: and Stanford Business School professors tell Bloomberg managers need to

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Speaker 1: be straightforward and stop using euphemisms. I'm Nancy Lions Bloomberg

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Speaker 1: Radio

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Speaker 2: That's news when you want it with Bloomberg News Now,

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Speaker 2: I mad Koleggy and this is Bloomberg