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

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Speaker 1: ind Kaleki, a group that claims to have hacked CDK Global,

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Speaker 1: the software provider to thousands of car dealerships in North America,

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Speaker 1: has demanded tens of millions of dollars in ransom this,

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Speaker 1: according to a person familiar with the matter. CDK is

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Speaker 1: planning to make the payment, said the person, who asked

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Speaker 1: not to be identified because the information is private. The

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Speaker 1: hacking group behind the attack is believed to be based

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Speaker 1: in Eastern Europe. In the early days of any ransomware attack,

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Speaker 1: discussions are fluid and the situation could change. CDK did

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Speaker 1: not respond to multiple requests for comment on Friday. Apple

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Speaker 1: is withholding a raft of new technologies from hundreds of

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Speaker 1: millions of consumers in the European Union, citing concerns posted

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Speaker 1: by the block's regulatory attempts to rein in big tech.

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Speaker 1: The company announced Friday that it would block the release

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Speaker 1: of Apple Intelligence, iPhone mirroring and SharePlay screen sharing from

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Speaker 1: users in the EU this year because the Digital Markets

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Speaker 1: Act allegedly forces it to downgrade the security of its

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Speaker 1: products and services. Apple said in a statement quote, we

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Speaker 1: are concerned that the interoperability requirements of the DMA could

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Speaker 1: force us to compromise the integrity of our products in

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Speaker 1: ways that risk user privacy and data security. Unquote, and

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Speaker 1: Vidio is run as the world's most valuable company did

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Speaker 1: not last very long. We get the story from Bloomberg's

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Speaker 1: Charlie Pellett.

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Speaker 2: Shares of the semiconductor giant have fallen six point seven

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Speaker 2: percent in the last two trading sessions, erasing over two

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Speaker 2: one hundred and twenty billion in market cap and dragging

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Speaker 2: the company from its place as the world's top stock

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Speaker 2: in Vidio's market cap was about three point one trillion

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Speaker 2: dollars on Friday, lower than Apple at three point two

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Speaker 2: trillion and Microsoft at three point three trillion. It was

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Speaker 2: a swift reversal from earlier in the week when in

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Speaker 2: Video rallied to overtake its megacap peers and clean the

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Speaker 2: pole position in New York. Charlie Pellett Bloomberg.

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Speaker 1: Radio, former Treasury Secretary Lawrence Summers, and Donald Trump volleyed

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Speaker 1: opposing views this week about the former president's proposal to

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Speaker 1: impose a ten percent tariff on all imports. Summers on

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Speaker 1: Bloomberg Television's Wall Street Week rebutted Trump's latest claims that

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Speaker 1: such duties would provide economic and geopolitical gains for the US.

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Speaker 3: If they are a tool of power and intimidation, it

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Speaker 3: seems to me they should be used much more selectively

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Speaker 3: than he has proposed. Second, when you launch attacks, then

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Speaker 3: others respond, and the whole thing can spiral.

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Speaker 1: Larry Summers, talking to Bloomberg's David Weston last week, Summers

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Speaker 1: said Trump's tariff plan is a prescription for stagflation. Russia,

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Speaker 1: as well as China, Iran and others, have increasingly used

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Speaker 1: the Internet to skew foreign elections and influence public opinion.

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Speaker 1: It's been called hybrid warfare, and the State Department is

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Speaker 1: mobilizing allies to combat it. Bloomberg's IRV Chapman reports from Washington.

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Speaker 4: Secretary of State Anthony Blincoln called attention to it as

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Speaker 4: Romania became the nineteenth nation to join a common effort.

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Speaker 1: One of the most critical challenges that we face together,

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Speaker 1: and that all allies face in indeed, countries and other

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Speaker 1: parts of the world face is misinformation and disinformation, a

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Speaker 1: tool that's been increasingly weaponized, particularly by Russia, as it

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Speaker 1: seeks to advance its interests.

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Speaker 4: As he conferred with the country's foreign minister b Lincoln

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Speaker 4: also noted that Romania has sent a Patriot missile battery

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Speaker 4: to Ukraine and assisted in restoring the Black Sea for

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Speaker 4: Ukrainian exports. In Washington, Chapman Bloomberg Radio.

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Speaker 1: Amazon has made no secret about its ambition to revamp

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Speaker 1: its Alexa digital assistant with generative AI capability.

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Speaker 2: But this is new.

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Speaker 1: Reuter's reports that when it's rolled out, Amazon is considering

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Speaker 1: a pricing tier, which would mean charging five to ten

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Speaker 1: dollars every month for access to the AI enhanced version

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Speaker 1: of Alexa. And that's news when you want it with

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Speaker 1: Bloomberg News. Now I'm in Koleggi and this is Bloomberg