Speaker 1: News when you wanted with Bloomberg News Now, I'm Dan
Speaker 1: Schwartzman Elon Musk says his Xai artificial intelligence startup has
Speaker 1: acquired the x platform and an all stock deal for
Speaker 1: thirty three billion dollars. Musk posted on exit the combined
Speaker 1: values of the two companies was now one hundred and
Speaker 1: thirteen billion dollars, with a new combined dentity being called
Speaker 1: Xai Holdings. Musk also said that steps are being taken
Speaker 1: to quote combined the data models, compute distribution and talent reports. A.
Speaker 1: Morgan Stanley was a sole banker on the deal, representing
Speaker 1: both sides. US stocks tumbled to their second worst day
Speaker 1: of the year as risk assets were pubbled by renewed
Speaker 1: concerns that a flurry of tariffs will stoke inflation. Just
Speaker 1: as science mount the consumer sentiment and spending are buckling.
Speaker 1: Bloomberg News US stock market reporter Natalia Kanijevich says a
Speaker 1: few things stood out from today.
Speaker 2: We did see a lot of selling across leveraged ETFs.
Speaker 2: The reason why it's important because eighty percent of those
Speaker 2: holdings are of course across MAC seven stocks. Then in
Speaker 2: the options market, we did see some single stock volatility.
Speaker 2: The reason why it's important. If you guys look at
Speaker 2: the VICS index, it's still at twenty one, it's not
Speaker 2: dramatically high, but we do see a lot of single
Speaker 2: stock volatility, and this can also kind of attribute to
Speaker 2: this sell off.
Speaker 1: That's Bloomberg News US stock market reporter Natalia Kanijevich. Columbia
Speaker 1: University's interim President, Katrina Armstrong, has stepped down after taking
Speaker 1: over the role in August. Armstrong had agreed to a
Speaker 1: list of a series of demands from the Trump administration,
Speaker 1: including banning masks at campus protests in response to Trump
Speaker 1: freezing four hundred million dollars in federal funding. Claire Shipman,
Speaker 1: co chair of the Trustees, has been named acting president,
Speaker 1: effective immediately. Armstrong will return to her previous roles, including
Speaker 1: chief executive Officer of Columbia's Irving Medical Center and Executive
Speaker 1: vice President for Health and Biomedical Sciences. Columbia has been
Speaker 1: in the crosshairs of the Trump administration, who says the
Speaker 1: school has not done enough to combat anti semitism on campus.
Speaker 1: Confirmed to measle cases jumped last week by twenty eight
Speaker 1: percent to reach four hundred and eighty three cases. Far
Speaker 1: more than last year's total of two hundred and eighty five.
Speaker 1: The outbreak has now spread to nineteen states, with both
Speaker 1: Texas and New Mexico being hit the hardest. The Centers
Speaker 1: for Disease Control and Prevention says the vast majority of
Speaker 1: the cases involved those who are unvaccinated. The World Health
Speaker 1: Organization has now warned those traveling to the US to
Speaker 1: check and update their measles vaccination status. The Measles, mumps
Speaker 1: and Rebella vaccine is ninety three percent effective in preventing
Speaker 1: infection after one dose, and, according to the WHO, has
Speaker 1: prevented an estimated sixty million deaths since two thousand. With
Speaker 1: some analysts estimating that tariffs will lead to an eleven
Speaker 1: percent hiking car prices, Shoppers are flocking a dealerships to
Speaker 1: buy new vehicles before April third, when twenty five percent
Speaker 1: tariffs on imported vehicles are supposed to take effect. Car
Speaker 1: makers are speeding up shipments of new cars, while dealers
Speaker 1: are preparing by stockpiling up on inventory as well as
Speaker 1: discussing with rivals on how best to cope. Dealerships in
Speaker 1: the US are currently sitting on about sixty to ninety
Speaker 1: days of inventory on average, providing them with a cushion
Speaker 1: against the immediate effects of the tariffs. Oracle is warning
Speaker 1: health customers that their data may have been stolen after
Speaker 1: hackers broke into the company's computer systems in an attempt
Speaker 1: to extort multiple medical providers. Earlier this month, Oracle notified
Speaker 1: some customers that sometime after January twenty second, hackers had
Speaker 1: copied some patient data to an outside location. The FBI
Speaker 1: is investigating the breach, as well as attempts by the
Speaker 1: hackers to force medical companies to pay a ransom. Oracle
Speaker 1: sells software for patient records management to hospitals, doctors groups,
Speaker 1: and other medical companies. It's currently unknown how many patients
Speaker 1: wrecords were taken, while the total number of health care
Speaker 1: providers that the hackers have sought to extore it is
Speaker 1: also uncertain. Israeli jet struck BA route, targeting a hesblood
Speaker 1: drone storage facility, marking the first strike in the city
Speaker 1: since November ceasefire was implemented. Recently, the agreement has come
Speaker 1: into question after rockets were fired into Israel from southern Lebanon,
Speaker 1: followed by Israeli forces responding with heavy fire. French President
Speaker 1: Emmanuel Macron condemned Israel's air striking Beirut, saying it violated
Speaker 1: the ceasefire, and said he would bring the matter up
Speaker 1: with President Trump as well as Prime Minister Benjamin Natanyahu.
Speaker 1: Me and Mark Now says that one hundred and forty
Speaker 1: four people were killed with over seven hundred injured after
Speaker 1: a massive seven point seven magnitude earthquake hit the country.
Speaker 1: The country's military leaders have asked for international aid to
Speaker 1: help deal with the aftermath, with the US, the European Commission, India,
Speaker 1: and China, amongst other countries and organizations offering immediate aid.
Speaker 1: In the NCAA Tournament Sweet sixteen Round two, two seats
Speaker 1: advanced to the Elite eight as two seed Tennessee beats
Speaker 1: three Sea Kentucky seventy eight to sixty five, while two
Speaker 1: seaed Michigan State outlasts six seed Old Miss seventy three
Speaker 1: to seventy. That's news when he won it with Bloomberg News. Now,
Speaker 1: I'm Dan Schwartzman, and this Bloomberg