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Speaker 1: News when you want it with Bloomberg News Now, I'm

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Speaker 1: Doug Prisner. Rupert Murdoch's family has reached a deal over

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Speaker 1: a trust with controlling interest in Foxcorp. And News Corp.

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Speaker 1: And this will put Lachlan Murdoch, his father's chosen heir,

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Speaker 1: in charge of the family empire. Now in a statement,

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Speaker 1: Lachlan's three older siblings, Prudence, Elizabeth, and James will cease

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Speaker 1: to be beneficiaries of that trust. Instead, they'll receive about

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Speaker 1: one point four billion dollars. The Federal Communications Commission has

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Speaker 1: lifted a regulatory cloud hanging over EchoStar. This announcement comes

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Speaker 1: after SpaceX agreed to acquire wireless spectrum from Ecostar at

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Speaker 1: a price of about seventeen billion dollars. Now SpaceX owns

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Speaker 1: the Starlink satellite Internet network. Here is John Butler, senior

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Speaker 1: telecom analyst for Bloomberg Intelligence.

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Speaker 2: So for EchoStar, it's a very good deal as well.

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Speaker 2: They have really struggled to get their wireless service off

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Speaker 2: the ground. They've been building this five to wireless network

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Speaker 2: and have a relatively week prepaid brand called Boost, and

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Speaker 2: they've really struggled there. So this brings in much needed

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Speaker 2: funds for them to pay down debt.

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Speaker 1: That is, Bloomberg's John Butler Now shares and Echo Star

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Speaker 1: were up twenty percent in New York Trading shares and

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Speaker 1: the drugmaker ken View We're down one percent on Monday,

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Speaker 1: that after a nine percent decline in the Friday session.

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Speaker 1: This follows a report in the Wall Street Journal of

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Speaker 1: that Health and Human Services Secretary Robert F. Kennedy Junior

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Speaker 1: is likely to link the company's tail and All painkiller

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Speaker 1: to autism. Now, FDA Commissioner Marty McCarey said the federal

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Speaker 1: government has not yet started writing a report on possible

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Speaker 1: causes for autism, but speaking on Monday to Bloomberg, McCarry

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Speaker 1: reaffirmed a long standing promise that it will be released

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Speaker 1: within a month.

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Speaker 2: We're looking at everything, and talin All is not the

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Speaker 2: central piece of the report, but we are looking at

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Speaker 2: every piece.

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Speaker 3: We didn't put out there that talen All causes autism.

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Speaker 3: We're reviewing the data. We haven't started the report yet.

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Speaker 1: That is, FDA Commissioner Marty McCarey, speaking earlier to Bloomberg.

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Speaker 1: Now was back in twenty nineteen when researchers at Johns

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Speaker 1: Hopkins found in utero exposure to asset of meenifin may

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Speaker 1: increase a child's risk for autism. Ascetamnifin is the primary

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Speaker 1: active ingredient in thailanol. Now, despite that study's findings, larger

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Speaker 1: studies found no link. The US Supreme Court is backing

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Speaker 1: the Trump administration's aggressive immigration enforcement efforts. Federal immigration agents

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Speaker 1: in Los Angeles will be allowed to resume tactics that

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Speaker 1: critics say amount to racial profiling. Here is La Mayor

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Speaker 1: Karen Bass.

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Speaker 4: We know that this is simply un American, but as

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Speaker 4: enraging as the news is for Minny Angelinos and people

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Speaker 4: across the country, let me make this very clear for

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Speaker 4: the press and to our country that we will not

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Speaker 4: allow the Supreme Court or anyone to divide us.

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Speaker 1: Karen Bass there, she is the mayor of Los Angeles. Incidentally,

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Speaker 1: the Supreme Court's decision will apply while the legal fight

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Speaker 1: does continue. Two of the biggest conglomerates in South Korea

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Speaker 1: are rushing to contain fallout from a sweeping US immigration

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Speaker 1: raid at a joint Hondai LG battery plant in Georgia.

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Speaker 1: The raid sparked concerns over billions of dollars in South

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Speaker 1: Korean planned investments. Homeland Security Secretary Christie Nomes spoke earlier

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Speaker 1: to reporters.

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Speaker 3: I think President Trump's message was powerful. His message today

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Speaker 3: that he sent to the world was listen, our laws

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Speaker 3: will be enforced, and we're encouraging all companies who want

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Speaker 3: to come to the United States and help us our

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Speaker 3: economy and employ people, that we encourage them to employ

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Speaker 3: US citizens and to bring people to our country that

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Speaker 3: want to follow our laws and work here the right way.

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Speaker 1: That is DHS Secretary Christie Nome. Now, a media outlet

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Speaker 1: in South Korea is reporting that LG has tentatively decided

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Speaker 1: to postpone the start of its EV battery plant with

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Speaker 1: Hondai Georgia. Hondai is also banned all US trips by

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Speaker 1: its staff in the wake of last week's raid. And

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

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Speaker 1: I'm Doug Krisner. This is Bloomberg