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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. Elon Musk is planning to merge SpaceX with

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Speaker 1: his artificial intelligence firm XAI. We are told the combined

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Speaker 1: company is expected to have a valuation of one and

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Speaker 1: a quarter trillion dollars. Here is Bloomberg's Ryan Gould.

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Speaker 2: Elon's view is that we're going to have data centers

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Speaker 2: in space, and part of this is about, you know,

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Speaker 2: putting compute and the idea of space exploration and sort

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Speaker 2: of expression of the universe together. This is clearly part

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Speaker 2: of his vision. There is a very good quote that

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Speaker 2: kind of encapsulates a lot of this, which is what

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Speaker 2: you know he wrote, i think late last year, which

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Speaker 2: is that in some ways his company's history companies Tesla,

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Speaker 2: SpaceX and XAI are going to come together. They can

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Speaker 2: to converge, and maybe this is kind of the first

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Speaker 2: leg of the store that we're now seeing.

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Speaker 1: That is Bloomberg's Ryan Gould. Federal agents on the ground

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Speaker 1: in Minneapolis will now wear body cameras. Homeland Security Secretary

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Speaker 1: Christin Nomes said the program will be expanded nationwide as

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Speaker 1: funding becomes available. Now, the use of body by federal

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Speaker 1: agents follows a national outcry over the killings of two

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Speaker 1: US citizens in Minneapolis. President Trump said he's okay with

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Speaker 1: a move.

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Speaker 3: Well, it wasn't my decision I would, you know, I

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Speaker 3: leave it to her. They generally tend to be good

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Speaker 3: for law enforcement because people can't lie about what's happening.

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Speaker 3: So it's generally speaking, I think eighty percent good for

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Speaker 3: law enforcement. But if he wants to do that, I'm

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Speaker 3: okay with now.

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Speaker 1: The adoption of body cameras has the potential to ease

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Speaker 1: the path on passage of a government funding deal. The

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Speaker 1: adoption of body cameras has the potential to ease the

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Speaker 1: path for passage on a government funding deal. The House

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Speaker 1: of Representatives is back in session to begin consideration of

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Speaker 1: a revised funding package passed by the Senate over the weekend.

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Speaker 1: President Trump is pushing ultra conservatives in the House to

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Speaker 1: accept a deal he's struck with Democrats to end the

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Speaker 1: partial government shutdown. Meantime, there is a bill to keep

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Speaker 1: the government operating while allowing two more weeks of discussion

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Speaker 1: for or an agreement on restrictions for ICE. Another sticking

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Speaker 1: point is the safeguard American voter Eligibility Act. This would

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Speaker 1: require proof of US citizenship when people register to vote

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Speaker 1: in federal elections. Here is House Speaker Mike Johnson.

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Speaker 4: Republicans are serious about governing. We'll demonstrate that and we'll

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Speaker 4: push forward our priorities on the integrity of elections so

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Speaker 4: we can do all that simultaneously.

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Speaker 1: And we will.

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Speaker 4: But we're going to get this job done, get the

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Speaker 4: government reopen. Democrats are going to play games, and the

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Speaker 4: American people can see who really cares about.

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Speaker 1: Getting the That is House Speaker Mike Johnson. Bill and

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Speaker 1: Hillary Clinton have agreed to testify in a House Oversight

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Speaker 1: Committee's investigation into Jeffrey Epstein, a spokesperson for the Clinton

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Speaker 1: said they will appear after months of refusing to comply

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Speaker 1: with subpoenas from the House Overside Committee. This comes just

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Speaker 1: days before the Chamber was expected to vote to hold

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Speaker 1: the Clinton's in contempt of Congress. We moved to Business

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Speaker 1: News next after the Bell Volunteer Technologies reported fourth quarter

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Speaker 1: REVS venue grew seventy percent to one point four to

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Speaker 1: one billion dollars. The company is also forecasting revenue for

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Speaker 1: fiscal twenty twenty six significantly above Wall Street expectations, and

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Speaker 1: we got reaction from Giluria of DA Davidson.

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Speaker 5: They exceeded very high expectations. Their growth accelerated from more

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Speaker 5: than sixty percent to more than seventy percent. There's no

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Speaker 5: other software company even close. If you look at software

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Speaker 5: companies two through ten, they're happy to grow somewhere between

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Speaker 5: twenty and thirty percent, and they're usually decelerate.

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Speaker 1: That is Giluria from DA Davidson shares and Palenteer. We're

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Speaker 1: up five percent in late US trading. The US and

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Speaker 1: India have reached a trade deal to reduce tariffs on

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Speaker 1: Indian goods. This is after Prime Minister Narendramodi agreed to

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Speaker 1: stop buying Russian oil. President Trump said he would lower

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Speaker 1: his twenty five percent tariff on Indian goods to eighteen percent.

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Speaker 1: At the same time, overall levees on many Indian goods

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Speaker 1: will be reduced from fifty percent to eighteen percent, representing

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Speaker 1: a significant cut for textiles, machinery, and other goods, and

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Speaker 1: President Trump said India will move forward to purchase more

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Speaker 1: than five hundred billion dollars of US energy, technology, coal,

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Speaker 1: and agricultural products. The Trump administration has reportedly lowered the

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Speaker 1: bar for a deal with Harvard University. The New York

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Speaker 1: Times says the president has backtracked on insisting for a

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Speaker 1: two hundred million dollar payment to the US government. Hardliners

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Speaker 1: in the administration wanted Harvard to write a check as

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Speaker 1: part of a deal to address claims the university mishandled

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Speaker 1: anti semitism, but Harvard, wary of backlash from liberal students

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Speaker 1: and faculty, has rejected the idea. Now, the concession from

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Speaker 1: the White House coincides with sagging approval ratings for the president.

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Speaker 1: President Trump is calling on Republicans to seize control of

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Speaker 1: election processes from individual states. Bloomberg's Amy Morris has more

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Speaker 1: from Washington.

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Speaker 6: The move is a signal that President Trump is ready

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Speaker 6: to push for drastic measures to change the dynamics of

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Speaker 6: the midterms. Trump's powers to change election policies are limited.

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Speaker 6: The Constitution gives state legislatures the power to set the time, place,

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Speaker 6: and manner of holding elections. The White House pointed to

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Speaker 6: the president's previous advocacy for voter ID requirements and sharing

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Speaker 6: voter roles with the federal government, in part, they say

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Speaker 6: to ensure that undocumented migrants aren't registered. Trump has said

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Speaker 6: If Democrats regain the House, they'll likely impeach him. In Washington,

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Speaker 6: Amy Morris Bloomberg Radio.

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Speaker 1: And that is news when you want it with Bloomberg News. Now,

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Speaker 1: I'm Doug Prisoner and this is Bloomberg