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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'm

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Speaker 2: Brian Curtis in Hong Kong. The Biden administration plans to

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Speaker 2: impose new sanctions on Russia this Friday for the death

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Speaker 2: of Russian opposition leader Alexi Navalny. Bloomberg Nancy Lyons reports.

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Speaker 1: National Security Advisor Jake Sullivan says it will cover a

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Speaker 1: range of elements in Russia's defense industrial base.

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Speaker 3: We have worked persistently and diligently to identify to continue

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Speaker 3: to impose costs for what Russia has done, for what

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Speaker 3: it's done to Nebalny, for what it's done to Ukraine,

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Speaker 3: and for the threat that it represents onto international peace

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Speaker 3: and security.

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Speaker 1: Sullivan says what he calls the weakness and wrought at

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Speaker 1: the heart of the system Vladimir Putin has put in

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Speaker 1: place is only confirmed by Alexi Navali's death and the

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Speaker 1: arrests of hundreds who mourned his passing in Washington. Nancy

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Speaker 1: Lyons Bloomberg Radio.

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Speaker 2: Also, the US has told allies that Russia could deploy

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Speaker 2: a nuclear weapon or a mock warhead into space as

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Speaker 2: early as this year, and that's according to people familiar

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Speaker 2: with the matter. Here's Bloomberg, Larry Liebert.

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Speaker 4: That's a timeline that hasn't been reported before. And the

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Speaker 4: question is that there's been much confusion about this as everybody,

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Speaker 4: including private body and is said, this isn't a new

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Speaker 4: grow weapon in space that would be shot at people

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Speaker 4: on Earth. It could, though, knockout satellite communications of all sorts.

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Speaker 2: And that's Larry Liebert. A nuclear warhead in space would

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Speaker 2: violate the nineteen sixty seven Outer Space Treaty. It's a

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Speaker 2: treaty that Russia has signed. Nvidia is set to announce

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Speaker 2: quarterly results tomorrow after the bell. The market is betting

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Speaker 2: on in Nvidia remaining at the center of spending on

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Speaker 2: artificial intelligence, and expectations are high. Nancy Curtin is chief

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Speaker 2: investment officer at wealth management firm Alti Tiedemann.

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Speaker 1: There's seven hundred and seventy one companies announcing this week. Well,

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Speaker 1: there's really only one that matters, isn't that And that

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Speaker 1: is in video of course.

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Speaker 2: In this latest session, and Vidia traded down four point

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Speaker 2: four percent. China's two main stock exchanges have frozen the

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Speaker 2: accounts of a hedge fund after its sold shares aggressively

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Speaker 2: on Monday morning. Bloomberg's Joan Wong has more from Hong Kong.

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Speaker 5: Ningwoll Link Gin Investment sold three hundred and sixty million

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Speaker 5: dollars worth of shares right at the open. The Shinjen

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Speaker 5: Exchange set that disrupted the normal trading order the Shanghai

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Speaker 5: bors and posts as similar freeze. Lin Gin will be

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Speaker 5: barred from trading stocks until tomorrow. The trading ban is

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Speaker 5: the latest move by Chinese regulators to reverse the slump

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Speaker 5: and stocks. Meantime, the response to a cut and the

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Speaker 5: mortgage reference rate by Chinese banks was met with a

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Speaker 5: yawn in the markets. The CSI three hundred had a

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Speaker 5: lackluster session on Tuesday, advancing just two tents of one

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Speaker 5: percent in Hong Kong. Join Wog Bloomberg Radio.

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Speaker 2: In corporate news, Capital Ones deal to buy Discover will

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Speaker 2: create the largest US credit card company by loan volume.

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Speaker 2: It's a thirty five billion dollar all stock deal. Today,

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Speaker 2: Massachusetts Senator Elizabeth Warren said that the deal should be

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Speaker 2: blocked because it would cut competition and bring higher costs

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Speaker 2: for families. We spoke earlier with Ed Mills, Washington policy

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Speaker 2: analyst with Raymond James. He says there may be a

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Speaker 2: way that the deal could get approved by regulators.

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Speaker 6: There's been a push to say for credit card issuers,

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Speaker 6: if you are above one hundred billion in assets, you

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Speaker 6: have to use a network that's not Visa or MasterCard.

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Speaker 6: Discover was looked as the winner there. Now that bill

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Speaker 6: has low odds, but it could be part of a

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Speaker 6: pro competition angle that they would say, we're not really

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Speaker 6: a bank, we're a credit card company with this network,

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Speaker 6: and that's why you should get us approved. So that's

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Speaker 6: going to be the push and pull this year is

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Speaker 6: how much we look at it as a network versus

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Speaker 6: how much we look at it as a bank.

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Speaker 2: Washington policy analyst Ed Mills. The transaction is expected to

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Speaker 2: be completed in late twenty twenty four or early twenty

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Speaker 2: twenty five. That's assuming it can pass a trust reviews

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Speaker 2: and also when shareholder approvals. That's news when you want

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Speaker 2: it with Bloomberg News Now, I'm Brian Curtis. This is

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Speaker 2: Bloomberg