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

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Speaker 1: Doug Krisner. President Biden is planning to block the sale

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Speaker 1: of US steal to Japan's Knee Pond Steel on national

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Speaker 1: security grounds. The Committee on Foreign Investment in the US

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Speaker 1: has been reviewing this fourteen point one billion dollar takeover

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Speaker 1: for much of the year. We are told a formal

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Speaker 1: decision will be made once the deal is referred back

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Speaker 1: to the President later this month. We got reaction from

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Speaker 1: Bloomberg's Joe Doe.

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Speaker 2: There was still some hope in this deal. I mean,

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Speaker 2: I think an important bit that we pointed out in

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Speaker 2: our story is that we have sources familiar saying that

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Speaker 2: both companies are prepared for litigation if this thing gets

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Speaker 2: officially officially officially blocked. So that could also be something

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Speaker 2: you can hang your hat on that the deal isn't dead.

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Speaker 1: That is Bloomberg's Joe Doe shares in the US deal.

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Speaker 1: We're down nearly ten percent in the regular session. A

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Speaker 1: federal judge has blocked Kroger's acquisition of Albertson's. The judge

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Speaker 1: found the takeover with lessen competition for US grocery shoppers.

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Speaker 1: Here's Bloomberg analyst Jennifer Ree.

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Speaker 2: You know, based on what we've seen with other decisions

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Speaker 2: in cases like this, it really should have come out

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Speaker 2: in October and November. So this was a late decision.

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Speaker 3: We expected it earlier.

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Speaker 2: So I don't really think it had to do with

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Speaker 2: the next administration coming in, that.

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Speaker 1: Is, Bloomberg Senior litigation analyst Jennifer Ree. Now, Kroger had

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Speaker 1: offered twenty four point six billion dollars for Albertson's in

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Speaker 1: what would have been the largest US grosser merger. Ever,

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Speaker 1: today's ruling marks a likely end to that deal. The

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Speaker 1: Biden administration is considering some new sanctions on Russia's oil trade.

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Speaker 1: The aim here is to tighten the squeeze on the

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Speaker 1: Kremlin's war machine. We are told the potential measures could

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Speaker 1: target Russian oil exports, with a focus on foreign buyers

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Speaker 1: of its crude oil and restrictions on the tanker fleet

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Speaker 1: that Russia uses to transport its oil. President elect Trump

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Speaker 1: has chosen Tom Barrick to be US Ambassador to Turkey.

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Speaker 1: Barrick is the founder of Colony Capital, and at the

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Speaker 1: same time, the President elect will nominate Ronald Johnson to

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Speaker 1: serve as US Ambassador to Mexico. That's according to a

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Speaker 1: post on Truth Social. Johnson served as US Ambassador to

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Speaker 1: El Salvador during Trump's first term. President elect Trump is

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Speaker 1: replacing Lena Kahn as chair of the FTC with Andrew Ferguson.

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Speaker 1: Ferguson is well known in Republican circles. He previously did

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Speaker 1: stints as chief counsel for Senate Minority Leader Mitch McConnell

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Speaker 1: and Senator Lindsey Graham. Ferguson will not need Senate confirmation

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Speaker 1: since he's already on the FTC. Earlier today, President Electrump

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Speaker 1: said his administration will help expedite permits for any person

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Speaker 1: or company that invest at least a billion dollars in

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Speaker 1: the US. We have more from Bloomberg's Charlie Pellett.

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Speaker 4: In a post on his truth Social network, The President

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Speaker 4: elects said quote get ready to rock. He says, any

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Speaker 4: person or company investing one billion dollars or more in

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Speaker 4: the US will receive fully expedited approvals and permits, including,

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Speaker 4: but in no way limited to, all in environmental approvals.

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Speaker 4: Trump did not immediately detail what steps his administration would

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Speaker 4: take to help investors secure permits to fast track projects,

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Speaker 4: and any such effort is likely to face hurdles at

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Speaker 4: the state and local levels in New York. Charlie Pellett's

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Speaker 4: Bloomberg Radio.

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Speaker 1: Now the latest on the killing of United Health Group

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Speaker 1: executive Brian Thompson. The suspect in this fatal shooting, is

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Speaker 1: fighting extradition from Pennsylvania to New York, where he faces

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Speaker 1: a second degree murdered charge. In a court hearing on

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Speaker 1: Tuesday in Pennsylvania, the lawyer for Luigi Mangoni said his

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Speaker 1: client will contest any request for extradition to New York.

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Speaker 1: Defense attorney Thomas Dicky spoke with reporters Tuesday evening.

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Speaker 5: I haven't seen any evidence that says that he's the shooter.

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Speaker 5: So that's like I said earlier, and I wasn't kidding

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Speaker 5: around a couple of things. If you're going to report something,

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Speaker 5: report accurately, and remember, and this is not just a

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Speaker 5: small thing. The fundamental concept of American justice as a

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Speaker 5: resumption of innocent and until your gilt to be onreason doubt.

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Speaker 5: And I've seen zero evidence at this point.

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Speaker 1: That's Thomas Dickey, defense attorney for Luigi Mangoni, whose extradition

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Speaker 1: fight could take weeks in Technology News, Apple is planning

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Speaker 1: to add satellite connectivity to its Apple Watch Ultra in

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Speaker 1: twenty twenty five. This will allow users to send text

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Speaker 1: via satellite when they don't have either cellular or Wi

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Speaker 1: Fi service. Here is Bloomberg's Mark German.

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Speaker 3: The Apple Watch Ultra. It's an eight hundred dollars smart

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Speaker 3: watch that competes with Garman. It's geared towards hikers, adventures athletes,

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Speaker 3: the type of people who may want to use their

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Speaker 3: Apple Watch on a hike right and leave their iPhone behind.

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Speaker 3: And so now they'll be able to tap into that

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Speaker 3: satellite infrastructure in order to stay in contact with both

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Speaker 3: emergency services, family and friends while on that hike, thanks

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Speaker 3: to that Global Star network that Apple has partnered with.

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Speaker 1: That is Bloomberg's Mark Germa. Now, Apple, we are told,

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Speaker 1: is also ramping up work on a blood pressure feature

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Speaker 1: for the Watch Ultra. And that is news when you

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Speaker 1: want it with Bloomberg News. Now I'm deg prisoner and

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Speaker 1: this is Bloomberg.

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Speaker 3: Mm hmm