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Speaker 1: News when you wanted with Bloomberg News Now, I'm Dan

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Speaker 1: Schwartzman Elon Musk says his Xai artificial intelligence startup has

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Speaker 1: acquired the x platform and an all stock deal for

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Speaker 1: thirty three billion dollars. Musk posted on exit the combined

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Speaker 1: values of the two companies was now one hundred and

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Speaker 1: thirteen billion dollars, with a new combined dentity being called

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Speaker 1: Xai Holdings. Musk also said that steps are being taken

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Speaker 1: to quote combined the data models, compute distribution and talent reports. A.

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Speaker 1: Morgan Stanley was a sole banker on the deal, representing

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Speaker 1: both sides. US stocks tumbled to their second worst day

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Speaker 1: of the year as risk assets were pubbled by renewed

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Speaker 1: concerns that a flurry of tariffs will stoke inflation. Just

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Speaker 1: as science mount the consumer sentiment and spending are buckling.

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Speaker 1: Bloomberg News US stock market reporter Natalia Kanijevich says a

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Speaker 1: few things stood out from today.

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Speaker 2: We did see a lot of selling across leveraged ETFs.

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Speaker 2: The reason why it's important because eighty percent of those

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Speaker 2: holdings are of course across MAC seven stocks. Then in

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Speaker 2: the options market, we did see some single stock volatility.

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Speaker 2: The reason why it's important. If you guys look at

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Speaker 2: the VICS index, it's still at twenty one, it's not

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Speaker 2: dramatically high, but we do see a lot of single

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Speaker 2: stock volatility, and this can also kind of attribute to

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Speaker 2: this sell off.

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Speaker 1: That's Bloomberg News US stock market reporter Natalia Kanijevich. Columbia

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Speaker 1: University's interim President, Katrina Armstrong, has stepped down after taking

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Speaker 1: over the role in August. Armstrong had agreed to a

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Speaker 1: list of a series of demands from the Trump administration,

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Speaker 1: including banning masks at campus protests in response to Trump

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Speaker 1: freezing four hundred million dollars in federal funding. Claire Shipman,

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Speaker 1: co chair of the Trustees, has been named acting president,

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Speaker 1: effective immediately. Armstrong will return to her previous roles, including

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Speaker 1: chief executive Officer of Columbia's Irving Medical Center and Executive

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Speaker 1: vice President for Health and Biomedical Sciences. Columbia has been

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Speaker 1: in the crosshairs of the Trump administration, who says the

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Speaker 1: school has not done enough to combat anti semitism on campus.

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Speaker 1: Confirmed to measle cases jumped last week by twenty eight

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Speaker 1: percent to reach four hundred and eighty three cases. Far

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Speaker 1: more than last year's total of two hundred and eighty five.

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Speaker 1: The outbreak has now spread to nineteen states, with both

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Speaker 1: Texas and New Mexico being hit the hardest. The Centers

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Speaker 1: for Disease Control and Prevention says the vast majority of

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Speaker 1: the cases involved those who are unvaccinated. The World Health

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Speaker 1: Organization has now warned those traveling to the US to

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Speaker 1: check and update their measles vaccination status. The Measles, mumps

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Speaker 1: and Rebella vaccine is ninety three percent effective in preventing

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Speaker 1: infection after one dose, and, according to the WHO, has

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Speaker 1: prevented an estimated sixty million deaths since two thousand. With

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Speaker 1: some analysts estimating that tariffs will lead to an eleven

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Speaker 1: percent hiking car prices, Shoppers are flocking a dealerships to

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Speaker 1: buy new vehicles before April third, when twenty five percent

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Speaker 1: tariffs on imported vehicles are supposed to take effect. Car

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Speaker 1: makers are speeding up shipments of new cars, while dealers

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Speaker 1: are preparing by stockpiling up on inventory as well as

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Speaker 1: discussing with rivals on how best to cope. Dealerships in

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Speaker 1: the US are currently sitting on about sixty to ninety

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Speaker 1: days of inventory on average, providing them with a cushion

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Speaker 1: against the immediate effects of the tariffs. Oracle is warning

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Speaker 1: health customers that their data may have been stolen after

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Speaker 1: hackers broke into the company's computer systems in an attempt

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Speaker 1: to extort multiple medical providers. Earlier this month, Oracle notified

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Speaker 1: some customers that sometime after January twenty second, hackers had

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Speaker 1: copied some patient data to an outside location. The FBI

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Speaker 1: is investigating the breach, as well as attempts by the

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Speaker 1: hackers to force medical companies to pay a ransom. Oracle

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Speaker 1: sells software for patient records management to hospitals, doctors groups,

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Speaker 1: and other medical companies. It's currently unknown how many patients

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Speaker 1: wrecords were taken, while the total number of health care

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Speaker 1: providers that the hackers have sought to extore it is

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Speaker 1: also uncertain. Israeli jet struck BA route, targeting a hesblood

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Speaker 1: drone storage facility, marking the first strike in the city

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Speaker 1: since November ceasefire was implemented. Recently, the agreement has come

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Speaker 1: into question after rockets were fired into Israel from southern Lebanon,

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Speaker 1: followed by Israeli forces responding with heavy fire. French President

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Speaker 1: Emmanuel Macron condemned Israel's air striking Beirut, saying it violated

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Speaker 1: the ceasefire, and said he would bring the matter up

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Speaker 1: with President Trump as well as Prime Minister Benjamin Natanyahu.

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Speaker 1: Me and Mark Now says that one hundred and forty

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Speaker 1: four people were killed with over seven hundred injured after

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Speaker 1: a massive seven point seven magnitude earthquake hit the country.

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Speaker 1: The country's military leaders have asked for international aid to

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Speaker 1: help deal with the aftermath, with the US, the European Commission, India,

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Speaker 1: and China, amongst other countries and organizations offering immediate aid.

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Speaker 1: In the NCAA Tournament Sweet sixteen Round two, two seats

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Speaker 1: advanced to the Elite eight as two seed Tennessee beats

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Speaker 1: three Sea Kentucky seventy eight to sixty five, while two

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Speaker 1: seaed Michigan State outlasts six seed Old Miss seventy three

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Speaker 1: to seventy. That's news when he won it with Bloomberg News. Now,

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Speaker 1: I'm Dan Schwartzman, and this Bloomberg