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Speaker 1: News when you want it with Bloomberg News Now.

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Speaker 2: I'm Leslie Lato.

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Speaker 1: Longtime negotiators that the UN Climate talks are COP twenty

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Speaker 1: eight say the push to wan the world from dirty

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Speaker 1: fossil fuels has gained so much momentum that they poked

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Speaker 1: a powerful enemy, the oil industry. Multiple news sources report

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Speaker 1: the leader of OPEK, the powerful oil cartel, wrote to

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Speaker 1: member countries imploring them to block any language to phase

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Speaker 1: out or phase down fossil fuels. Environmental activists said to

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Speaker 1: be smirking at signs of mighty cartel with circling the wagons.

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Speaker 1: One of the so called Elders, a now prominent climate campaigner,

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Speaker 1: said that she thought OPEK concerns gave her hope. China's

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Speaker 1: consumer price drop worsens, fueling deflation fears. We get that

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Speaker 1: story from Bloomberg's Denise Pellegrine.

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Speaker 2: China's CPI fell half a percent year on youre in November.

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Speaker 2: That is the steepest decline we've seen since twenty twenty,

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Speaker 2: and it is also way weaker than the two tenths

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Speaker 2: percent drop projected by economists in a Bloomberg survey. Producer

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Speaker 2: prices they declined even more sliding three percent compared with

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Speaker 2: the forecast of a two point eight percent fall. China

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Speaker 2: has struggled with falling prices much of this year, contrasting

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Speaker 2: with many other parts of the world where central banks

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Speaker 2: are focused on taming inflation. Instead, in China, it's about

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Speaker 2: weak consumer demand and Bloombrig Economics expects deflationary risks in

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Speaker 2: China to persist all the way into twenty twenty four.

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Speaker 2: Denise Pelligrity Bloomberg Radio.

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Speaker 1: The Penn State president's out after angering alumni for allowing

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Speaker 1: a Palestinian writer's conference on campus. It also seemed like

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Speaker 1: Elizabeth McGill was dodging questions at a congressional hearing, which

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Speaker 1: made the noise against her even louder, leading her to

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Speaker 1: resign on Saturday, along with board chair Scott boch Box,

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Speaker 1: saying McGill will stay on until her replacement can be found.

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Speaker 1: The resignations come less than a week after McGill's testimony,

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Speaker 1: where she looked to be evading the question of whether

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Speaker 1: students who called for the genocide of Jews should be disciplined.

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Speaker 1: The US Supreme Court's signaled it will uphold a tax

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Speaker 1: on foreign income and leave a wealth tax for another day.

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Speaker 1: We heard that story from Bloomberg's Amy Morris.

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Speaker 3: In Washington, Conservative and liberal justices voiced concerns this past

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Speaker 3: week that ruling for a Washington couple challenging a provision

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Speaker 3: of the twenty seventeen tax bill would threaten other provisions

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Speaker 3: of the tax code. After two hours of arguments, there

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Speaker 3: seemed to be a consensus on the court to craft

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Speaker 3: a narrow ruling that would avoid what Solicitor General Elizabeth

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Speaker 3: Priligar said would be quote several trillion dollars in lost

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Speaker 3: revenues in Washington. Amy Morris, Bloomberg Radio.

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Speaker 1: Ukrainian charities and companies supplying the country's military warn that

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Speaker 1: problems are growing as Polish truck drivers continue to show

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Speaker 1: no sign of ending a month long border blockade. Pickup

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Speaker 1: trucks and tourniquits bound for Ukraine's battlefield are among items

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Speaker 1: stuck in a miles long line, as well as components

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Speaker 1: to build drones to fight off Russian forces, each facing

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Speaker 1: weeks of delays. There's a changing dynamic at office holiday parties.

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Speaker 1: Bloomberg Nancy Lyons explains.

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Speaker 4: The end of your holiday party is getting a makeover

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Speaker 4: instead of dinner and drinks at a bar where workers

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Speaker 4: may regret their unprofessional behavior. Companies are moving away from

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Speaker 4: drinks as the centerpiece and opting to bring teams together

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Speaker 4: in other ways. Some are running out pickleball courts, others

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Speaker 4: booking virtual murder mysteries, even holding a guacamole making competition.

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Speaker 4: They're basically moving away from holiday themed events. I'm Nancy

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Speaker 4: lyons Bloomberg Radio.

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Speaker 1: That's the news when you want it with Bloomberg News. Now,

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Speaker 1: I'm Leslie Lado, and this is Bloomberg