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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: News when you want it with Bloomberg News Now, I'm

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Speaker 2: Brian Curtis in Hong Kong. The AP has called the

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Speaker 2: race for Donald Trump in the Republican presidential primary in Michigan.

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Speaker 2: South Carolina Governor Nikki Haley has vowed to stay in

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Speaker 2: the race through Super Tuesday on March fifth. In the meantime,

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Speaker 2: the AP has also reported that President Biden has won

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Speaker 2: the Michigan Democratic primary. Treasury Secretary Janet Yellen is calling

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Speaker 2: on the world's biggest economies to find ways to unlock

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Speaker 2: the value of frozen Russian assets. Yellen spoke at the

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Speaker 2: start of the G twenty finance ministers meeting in South Paulo,

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Speaker 2: Brazil this week.

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Speaker 3: G seven leaders announced additional coordinated sanctions to degrade Russia's

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Speaker 3: war machine. And we will continue to take action to

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Speaker 3: restrict Russia's access to the materials and the money needs

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Speaker 3: to continue the war. But now Putin's strategy is hoping

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Speaker 3: he can simply wait out Ukraine and its allies, and

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Speaker 3: we must prove him wrong and show the Kremlin that

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Speaker 3: we will collectively stand with Ukraine for as long as it.

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Speaker 2: Takes Secretary Ellen's comments come as G seven nations debate

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Speaker 2: what to do next with about two hundred and eighty

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Speaker 2: two billion dollars in Russian cash and securities, securities that

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Speaker 2: have been frozen since the Ukraine invasion. Meantime, hopes are

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Speaker 2: rising that the remaining hostages held in Gazam may soon

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Speaker 2: be freed. Bloomberg's Nancy Lyons has an update.

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Speaker 4: President Biden says he hopes to see an agreement by

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Speaker 4: next Monday. That National Security Council spokesman John Kirby says

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Speaker 4: it's far from a done deal.

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Speaker 1: We believe that we are getting closer, and.

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Speaker 2: While we don't want to sound too sanguine or pollyannish

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Speaker 2: about it, we do think that there's been some serious negotiations.

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Speaker 4: Kirby says. The US this is providing an additional fifty

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Speaker 4: three million dollars in urgently needed humanitarian assistance to the

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Speaker 4: World Food Program and other nonprofits providing food, medicine and

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Speaker 4: shelter to the people of Gaza and the West Bank

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Speaker 4: in Washington. Nancy Lyons Bloomberg Radio.

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Speaker 2: Congressional leaders expressed confidence that they can avoid a partial

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Speaker 2: government shutdown after a meeting at the White House with

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Speaker 2: President Joe Biden. Time is running out to reach a deal.

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Speaker 2: Democratic Senator Elizabeth Warren says these negotiations are, in her words, crazy.

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Speaker 5: As far as I can tell, everybody wants a deal,

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Speaker 5: keep the government open with all agreed on what the

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Speaker 5: numbers are. It's a budget deal, right, and everyone's agreed

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Speaker 5: on it, and the Republicans in the House are just

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Speaker 5: saying no.

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Speaker 2: Senator Elizabeth Warren speaking with Bloomberg's Joe Matthew and Kaylee Lyon.

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Speaker 2: We hear Apple executives have met with the US Justice

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Speaker 2: Department in a final bid to dissuade the agency from

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Speaker 2: filing an anti trust lawsuit against the company. ANI trust

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Speaker 2: inforces alleged that Apple has imposed software and hardware limitations

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Speaker 2: on its devices to hinder rivals from effectively competing. A

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Speaker 2: suit is expected in the coming weeks. Meantime, we're hearing

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Speaker 2: that Apple is canceling plans to build an electric car

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Speaker 2: after some ten years on the project. Apple made the

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Speaker 2: disclosure internally to the surprise of nearly two thousand employees

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Speaker 2: working on the project. The company announced employees will be

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Speaker 2: shifted to the AI division. Bloomberg's Mark German says the

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Speaker 2: change is about striking out on EVS and not about AI.

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Speaker 1: There's a lot of artificial intelligence machine learning overlap between

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Speaker 1: work on an autonomous vehicle and what needs to be

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Speaker 1: done for the future of AI on phones and watches

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Speaker 1: and earbuds and glasses and such, so it makes sense

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Speaker 1: to reallocate those resources. But don't be mistaken, this is

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Speaker 1: a decision all about canceling the car. They just happen

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Speaker 1: to have an excellent soft landing for the resources that

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Speaker 1: have been invested in the vehicle project.

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Speaker 2: Bloomberg's Mark German Apple's shares as row zero point eight percent.

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Speaker 2: In other news, the Hong Kong government has announced it

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Speaker 2: is scrapping cooling measures for the housing market and is

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Speaker 2: dropping a punitive fifteen percent stamp duty for non resident buyers.

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Speaker 2: Measures to curb housing demand will be canceled with immediate effect.

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Speaker 2: Chinese developer Country Garden has received a winding up petition

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Speaker 2: in Hong Kong. The developer defaulted on a dollar bond

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Speaker 2: back in October. The first hearing date for the petition

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Speaker 2: is scheduled for May seventeenth. That's news when you want it.

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Speaker 2: With Bloomberg News. Now I'm Brian Curtis, This is Bloomberg,