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Speaker 1: News when you wanted with Bloomberg News Now, I'm Brian

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Speaker 1: Curtis in Hong Kong. The US Senate is set to

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Speaker 1: vote tomorrow on ninety five billion dollars in foreign aid

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Speaker 1: that includes sixty one billion in funding for Ukraine. European

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Speaker 1: Investment Bank President Nadia Calvino says the funding will help

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Speaker 1: get Ukraine's war effort back on track.

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Speaker 2: The decision that has been taken by the US to

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Speaker 2: provide support for more than sixty billion dollars is very valuable,

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Speaker 2: and these joints also the previous decision of the European

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Speaker 2: institutions to provide fifty billion euros in the Ukraine facility,

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Speaker 2: which we will manage at the European Investment Bank, and

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Speaker 2: I think it will provide much, much valuable support for

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Speaker 2: the reconstruction as well as a military effort.

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Speaker 1: Nadia Calvino with the European Investment Bank on Bloomberg Television.

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Speaker 1: President Biden told Ukrainian President Vladimir Zelenski the White House

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Speaker 1: will move quickly to distribute assistance. The European Union has

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Speaker 1: opened a new probe into TikTok's parent company by Dan.

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Speaker 1: Bloomberg's Joanne Wong as the story from Hong Kong.

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Speaker 3: The EU is looking into whether the new TikTok light

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Speaker 3: app has violated a new content law. The app promises

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Speaker 3: to pay users through a points system. The European Commission

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Speaker 3: said that might have an addictive effect on users. TikTok

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Speaker 3: was given twenty four hours to deliver a risk assessment

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Speaker 3: to the Commission, otherwise the app could be fined up

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Speaker 3: to one percent of its total annual income. The EU

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Speaker 3: also said it plans to order TikTok to suspand the

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Speaker 3: app's rewards system until the future can be fully assessed.

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Speaker 3: In Hong Kong, Joan Wong Bloomberg Radio.

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Speaker 1: Columbia University has moved its classes online after days of

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Speaker 1: anti Israel protests. The protests have prompted condemnation from the

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Speaker 1: White House in City Hall. Columbia University President Minus Chaffique

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Speaker 1: has said that the move to remote classes is aimed

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Speaker 1: at de escalating tensions. Schaffik is coming under increased scrutiny

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Speaker 1: after the university called in police officers cleared a pro

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Speaker 1: Palestinian demonstration on the campus lawn. Similar protests have sprung

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Speaker 1: up at New York University Yale at Massachusetts Institute of Technology.

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Speaker 1: Well attorneys have made their opening statements in Donald Trump's

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Speaker 1: hush money trial. Prosecutors began by saying that the former

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Speaker 1: president orchestrated a criminal scheme to corrupt the twenty sixteen

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Speaker 1: presidential election. Defense attorneys counter calling Trump innocent. They also

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Speaker 1: said the Manhattan District Attorney's office should.

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Speaker 4: Never have brought the case.

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Speaker 1: Bloomberg Law host June Grosso says the defense will focus

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Speaker 1: on discrediting witnesses in the case.

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Speaker 5: Much of the defense is going to be an attack

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Speaker 5: on Michael Cohen, who is the star witness for the prosecution.

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Speaker 5: They went after him really hard. They said he was

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Speaker 5: obsessed with President Trump. He was disbarred. He's a convicted

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Speaker 5: felon and a convicted perjurer. So I think that's where

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Speaker 5: we see the case going.

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Speaker 1: Bloomberg Law host June Grosso. The trial resumes tomorrow at

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Speaker 1: nine thirty in the morning. Wall Street Time Tesla has

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Speaker 1: cut more personnel, this time it's marketing team. Less than

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Speaker 1: a year after it was created. We heard the cuts

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Speaker 1: are part of the ten percent layoffs announced last week.

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Speaker 1: About forty employees were released. The move follows a weekend

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Speaker 1: of price cuts for Tesla in the US, China, and Europe.

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Speaker 1: Bloomberg's Ed Ludlow says the changes could mean Elon Musk

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Speaker 1: is refocusing on Tesla.

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Speaker 6: I think Elon Musk has been away doing other things

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Speaker 6: and he's come back to Tesla and looked at everything

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Speaker 6: that's happened and said, right, I'm actually going to get

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Speaker 6: back in hands on now. And the thing is that

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Speaker 6: all of these things are happening in parallel. The layoffs,

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Speaker 6: the pivot to ROBOTAXI, the rethink on a twenty five

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Speaker 6: thousand dollars EV And that's why this early scored in

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Speaker 6: twenty four hours time is so important. We're on track

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Speaker 6: for the first year on year dropping revenue since the

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Speaker 6: second quarter of twenty twenty, of forty percent drop in

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Speaker 6: operating income, and I think investors in the short, medium

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Speaker 6: and long term are just a bit confused.

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Speaker 4: Bloomberg's Ed Ludlow.

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Speaker 1: Tesla reports first quarter results after the market closes tomorrow

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Speaker 1: in the US. About one hundred eighty companies in the

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Speaker 1: S and P five hundred will report earnings this week.

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Speaker 1: The focus will be on big technology companies. We'll be

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Speaker 1: hearing from Microsoft, Alphabet Meta Platforms and Tesla for the

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Speaker 1: so called Magnificent Seven. For the entire group, profits are

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Speaker 1: forecast to rise thirty eight percent from last year. Bloomberg's

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Speaker 1: Abigail Doolittle says markets will weigh the influence of FED

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Speaker 1: policy as the first of the mag seven report.

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Speaker 7: Meta is really interesting from the standpoint that this company

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Speaker 7: legitimately is looking at big growth for the next quarter,

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Speaker 7: double digits. That's true from Microsoft too.

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Speaker 4: I'll have that.

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Speaker 7: For the profit, they're actually looking at a decent gain,

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Speaker 7: but the top line is expected to slide. I think

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Speaker 7: the most important thing will be color about the future

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Speaker 7: inflation the FED, if any is to come out of

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Speaker 7: these stall warts, these names that have really been holding

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Speaker 7: up the market to some degree up until the last

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Speaker 7: few weeks.

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Speaker 1: Bloomberg's Abigail Dolittle, that's news when you want it with

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Speaker 1: Bloomberg News.

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Speaker 4: Now. I'm Braen Curtis. This is Bloomberg