Speaker 1: News when you want it with Bloomberg News Now, I
Speaker 1: med Kleggy. SpaceX is preparing to sell insider shares at
Speaker 1: a transaction that would value Elon Musk's rocket and satellite
Speaker 1: maker at as much as eight hundred billion dollars. This
Speaker 1: from people familiar with the matter, reclaiming the title of
Speaker 1: the world's most valuable private company. The details discussed by
Speaker 1: SpaceX's board of directors on Thursday at its Star Base
Speaker 1: hub in Texas, could change based on interest from insiders,
Speaker 1: sellers and buyers, or other factors. This from some of
Speaker 1: the people, who asked not to be identified as the
Speaker 1: information is not public. SpaceX is also exploring a possible
Speaker 1: initial public offering as soon as late next year. Elon
Speaker 1: Musk on Saturday denied that SpaceX is raising money at
Speaker 1: an eight hundred billion dollar valuation, without addressing Bloomberg's reporting
Speaker 1: on the planned offering of insiders shares. JP Morgan Chase
Speaker 1: chief executive officer Jamie Diamond called out slow bureaucracy in
Speaker 1: Europe in a warning that a weak continent poses a
Speaker 1: major economic risk to the year. He says, Europe has
Speaker 1: a problem.
Speaker 2: Europe has a problem. I think they accomplished an unbelievable
Speaker 2: thing with when they euro got together the East and
Speaker 2: they said, you know, let's live in peace. So living
Speaker 2: in piece is a good thing. But it got bogged down.
Speaker 2: It takes twenty seven nations, you know, to make a decision.
Speaker 2: They let their military drop dramatically. It's very bureaucratically.
Speaker 1: Diamond went on to say Europe has driven business out,
Speaker 1: They've driven investment out, they've driven innovation out. Diamond, leader
Speaker 1: of the biggest US bank, has long said that the
Speaker 1: risk of a fragmented Europe is among the major challenges
Speaker 1: facing the world. Apple, long the model of stability in
Speaker 1: Silicon Valley, is suddenly undergoing its biggest personnel shake up
Speaker 1: in decades, with senior executives and key engineers both hitting
Speaker 1: the exits In just the past week. Apple's heads of
Speaker 1: artificial Intelligence and interface designs step down. Then the company
Speaker 1: announced that its general counsel and head of governmental affairs
Speaker 1: were leaving as well. All four executives have reported directly
Speaker 1: to Chief executive Officer Tim Cook, marking an exceptional level
Speaker 1: of turnover in Apples c suite. The leaders of France,
Speaker 1: Germany and the UK will meet with Ukrainian President Voladimir
Speaker 1: Zelenski in London Monday to discuss US efforts to reach
Speaker 1: a peace deal after Russia carried out another round of
Speaker 1: massive attacks. French President Immanuel Macrone announced the meeting on
Speaker 1: Saturday in a post on social media in which he
Speaker 1: condemned the latest strikes by Moscow on energy and rail
Speaker 1: infrastructure in Ukraine. Macrohn' Zelenski, German Chancellor Friedrich Meers, and
Speaker 1: British Prime Minister kir Starmer will assess the situation in
Speaker 1: Ukraine and the ongoing negotiations involving the US. The US
Speaker 1: said Friday its negotiators had agreed with Kiev on a
Speaker 1: framework of security arrangements and discussed what deterrence capabilities were
Speaker 1: needed as part of a deal to end the war
Speaker 1: with Russia. However, there was little indication of a major breakthrough.
Speaker 1: Arizona Senator Reuben Gego wants to use an employment based
Speaker 1: visa program to draw more foreign investment into the US
Speaker 1: housing market. Bloomberg's Amy Morris explains from Washington.
Speaker 3: The idea is to boost the housing supply and reduce
Speaker 3: housing costs while creating more jobs for American workers. Senator
Speaker 3: Diego's plan aims to address the affordability crunch caused by
Speaker 3: years of underbuilding and higher mortgage rates. Under the EB
Speaker 3: five program, foreign nationals can obtain a legal permanent residence
Speaker 3: status by investing in a new commercial enterprise in the
Speaker 3: US and creating at least ten full time jobs. This
Speaker 3: bill would extend that lower threshold to investment in housing
Speaker 3: projects and expedite affordable housing applications in Washington. Amy Moore
Speaker 3: as Bloomberg Radio.
Speaker 1: We're learning more about how Netflix landed its deal to
Speaker 1: buy Warner Brothers Discovery. Bloomberg's Monica Rix reports.
Speaker 4: Netflix's plan for Warner Brothers reportedly started to take shape
Speaker 4: around Thanksgiving. The streamer assembled a fifty nine billion dollar
Speaker 4: bridge loan from banks to make a mostly cash and
Speaker 4: stock bid, and sources tell Bloomberg its offer eventually one
Speaker 4: thanks to doubts for Warner executives about how Paramount would
Speaker 4: pay for the company. Now, Warner Brothers CEO David Zasla
Speaker 4: is poised to become a billionaire if this deal closes,
Speaker 4: but if it falls apart or fails to win regulatory approval,
Speaker 4: Netflix has also agreed to pay a five point eight
Speaker 4: billion dollar penalty. It's one of the biggest breakup fees
Speaker 4: of all time. Monica Rix, Bloomberg Radio.
Speaker 1: Toma Bravo founder and managing partner Orlando Bravo says the
Speaker 1: rapid advancement of AI is stirring enormous anxiety among investors,
Speaker 1: and the hype has triggered a fear of missing out
Speaker 1: in private markets. Bravos spoke to Bloomberg's Danny Berger at
Speaker 1: a Bloomberg New Voices event in Miami.
Speaker 5: There are two big points that are always in every
Speaker 5: headline regarding AI. One is things have changed, and two
Speaker 5: things are moving really fast. When you, as an individual
Speaker 5: an investor in anything, you hear those two terms, everything's
Speaker 5: changing and everything's changing really fast, it creates enormous anxiety,
Speaker 5: and that anxiety hits investors that are responsible for so
Speaker 5: much capital really really hard.
Speaker 1: Toma Bravo founder and managing partner Orlando Bravo. President Trump
Speaker 1: ordered the Department of Justice and the Federal Trade Commission
Speaker 1: and to investigate the US food supply chain for potential
Speaker 1: price fixing and other anti competitive behavior to drive up
Speaker 1: costs of goods such as meat, seeds, and fertilizer, especially
Speaker 1: by foreign companies. Trump, in an executive order published Saturday,
Speaker 1: said he ordered the Department and the FTC to establish
Speaker 1: a task force dedicated to investigating any anti competitive behavior
Speaker 1: and whether control of food related industries by foreign entities
Speaker 1: pose a national security threat. That's news when you want
Speaker 1: it with Bloomberg News. Now, I'm at Kleggi. This is
Speaker 1: Bloomberg