Speaker 1: News when you want it with Bloomberg News Now, I'm
Speaker 1: Dan Schwartzman. Google is losing some of its top names
Speaker 1: in a shakeup that's casting doubt over leadership. More from
Speaker 1: Bloomberg's Matt Piper.
Speaker 2: Among those leaving Google Jeff Dean, a longtime Google employee
Speaker 2: central to the development of the company's AI strategy. He
Speaker 2: is departing to launch a startup and is bringing along
Speaker 2: at least three other prominent DeepMind employees to his new venture.
Speaker 2: Demisi Sabis, the head of Google deep Mind, is moving
Speaker 2: into a chairman role and will assume the dual titles
Speaker 2: of Chairman of Google deep Mind and Chief Scientists of Alphabet.
Speaker 2: The changes in leadership may make it harder for Google
Speaker 2: to recruit top talent and compete with rival labs in
Speaker 2: New York. Matt Piper, Bloomberg Radio.
Speaker 1: Major hedge funds are targeted by hackers who launched a
Speaker 1: wave of sophisticated attacks targeting information systems at major money managers.
Speaker 1: According to people familiar with the matter, Point seventy two
Speaker 1: Asset Management, Millennium Management, Two Sigma Investments, and Citadel As,
Speaker 1: while several private equity firms are known to have been targeted.
Speaker 1: Cybercurity breaches on Wall Street have surge over the past year,
Speaker 1: help by AI. Bloomberg's Hema Parmer has more on the
Speaker 1: cyber attack attempt.
Speaker 3: So this is called a vishing attack. It's like a
Speaker 3: voice phishing. So the technology is when cyber hackers can
Speaker 3: employ technology to mimic the voice and sound of people
Speaker 3: on the phone to alert people into believing that it's
Speaker 3: not a technology and have people reveal sensitive information. So
Speaker 3: this vishing technology is becoming more prevalent.
Speaker 1: That's Bloomberg's Hema Parmer. Meta Platforms said one of its
Speaker 1: artificial intelligence models access the Internet and hacked into an
Speaker 1: outside services systems during cybersecurity testing. Metas said its model
Speaker 1: breach the systems of a third party service that identifying
Speaker 1: the service. The AI model had access to the Internet
Speaker 1: because of an error in the setup testing environment, which
Speaker 1: Meta is working on with the cybersecurity vendor Irregular. This
Speaker 1: follows similar breaches by OpenAI and Anthropic Model that have
Speaker 1: escalated concerns about the company's control over their technology. President
Speaker 1: Trump is preparing to impost tariff's and minimum prices on
Speaker 1: imported polysilicon to boost domestic production of the material more
Speaker 1: from Bloomberg's Laura davisin.
Speaker 4: The Trump administration is getting ready to impose would be
Speaker 4: a fifteen percent or so tariff on polysilicon, which is
Speaker 4: an input that goes into both solar panels as well
Speaker 4: as semiconductors as well as the derivative products, so also
Speaker 4: imports of those products as well as well as some
Speaker 4: price floors, so to kind of increase the product the
Speaker 4: price of things that would be imported into the US.
Speaker 4: You know, there's been a lot of speculation about exactly
Speaker 4: how this will look, and there's still you know, kind
Speaker 4: of discussions ongoing within the White House about how exactly
Speaker 4: they want to structure this.
Speaker 1: That's Bloomberg's Laura Davison. Turning to the latest in the
Speaker 1: Middle East, Iran says it has negotiated a quote temporary
Speaker 1: route for the passages ships through the Strait of Hormuz
Speaker 1: with Oman. It's a deal that Iran says could remain
Speaker 1: active for the next two to four months and does
Speaker 1: not mean the full reopening of the strait. It also
Speaker 1: meansclosure of any other temporary hormouse shipping routes, and Iran
Speaker 1: says it has nothing to do with talks of the US.
Speaker 1: Former State Department official Barbara Leaf says Iran is in
Speaker 1: no hurry to make any deals with the US.
Speaker 5: They don't have an indefinite amount of string to play
Speaker 5: out here in terms of their own economic problems at home.
Speaker 5: But they definitely feel that the pressure. The pressure is
Speaker 5: rising on the US side faster than it is on
Speaker 5: their side of the table. Since they don't have to
Speaker 5: stand for elections, they don't really have to countenance what
Speaker 5: the public wants.
Speaker 1: That's former State Department official Barbara Leaf on balance of power.
Speaker 1: President Trump has spoken repeatedly with Federal Reserve Chair Kevin Walsh.
Speaker 1: That's according to report from the Wall Street Journal, Trump
Speaker 1: has sought Worsh's council and arrange the matters that includes
Speaker 1: how the war in Iran and the rapid rise of
Speaker 1: artificial intelligence are affecting the economy. The journal also said
Speaker 1: that Trump hasn't broached a topic of interest rates since
Speaker 1: Warsh was confirmed by the Senate. Moderna has won US
Speaker 1: regulatory approval for a flu vaccine based on mRNA technology,
Speaker 1: a victory for the company after the shot at earlier
Speaker 1: face Food and Drug Administration opposition. The immunization called Influsiva,
Speaker 1: was approved for adults aged fifty and over. In a statement,
Speaker 1: the company said it expected supply to be available in
Speaker 1: select retailers in the coming weeks. Sand Disc report a
Speaker 1: fourth quarter revenue and profit that surpassed analyst estimates. However,
Speaker 1: shares slipped in late trading, that is, after the company's
Speaker 1: forecast revenue outlook for the first quarter missed expectations. Here's
Speaker 1: Jake Silverman, semiconductor analyst at Bloomberg Intelligence.
Speaker 6: The most important thing for investors to keep in mind
Speaker 6: right now is supply and demand, and so that's what
Speaker 6: they're really looking at, is the pace of these upward
Speaker 6: estimate revisions that we've seen on pricing for nand so
Speaker 6: you know, the deceleration that we're seeing was expected, but
Speaker 6: also investors want to see the rate not decellerate quite
Speaker 6: at the same pace that it actually is.
Speaker 1: That's Jake Silverman from Bloomberg Intelligence. Door Dash issued a
Speaker 1: strong outlook, but it's also warning of heightened spending. More
Speaker 1: from Bloomberg's Charlie Pellett.
Speaker 7: Dordash cites a boom in paid subscribers who are ordering
Speaker 7: takeout and grocery more frequently. DoorDash says it now plans
Speaker 7: to put more money into its in house robotics efforts
Speaker 7: to build delivery robots and drones, while adding it expects
Speaker 7: human couriers to quote remain the backbone of its logistics
Speaker 7: network for a very long time. There have been other
Speaker 7: signs of the market for on demand deliveries as flourishing.
Speaker 7: Earlier in the day, rival Uber posted results from its
Speaker 7: delivery business that beat Wall Street expectations. Thursday, we hear
Speaker 7: from Lyft after the close of trading in New York
Speaker 7: Charlie Pellett Bloomberg Radio.
Speaker 1: Senators confirmed the Trump administration's nominee to lead the Centers
Speaker 1: for Disease Control and Prevention, making her the first permanent
Speaker 1: director for the public health agency in almost a year.
Speaker 1: Bloomberg's Amy Moore supports from Washington.
Speaker 8: Erica Schwartz will take over at the CDC after she
Speaker 8: gained bipartisan support. During her confirmation hearing last month, Senators
Speaker 8: questioned Schwartz's autonomy from health and Human services to Director
Speaker 8: Robert Kennedy's decisions. Schwartz says her first priority is to
Speaker 8: restore trust in public health institutions through unwavering scientific integrity.
Speaker 8: Schwartz takes over after CDC lost a quarter of its
Speaker 8: staff and is responding to multiple public health threats, including ebola, measles,
Speaker 8: and a food borne parasite in Washington. Amy Morris Bloomberg Radio, and.
Speaker 1: That's news when you want it with Bloomberg News Now.
Speaker 1: I'm Dan Schwartzman, and this is Bloomberg