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

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Speaker 1: Charlie Pellett. Warner Brothers Discovery plans to reject a takeover

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Speaker 1: bid from Paramount Skuidance after the company amended the terms

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Speaker 1: of its offer. Sources tell Bloomberg the Warner Brothers board

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Speaker 1: is concerned that Paramount has yet to increase its offer,

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Speaker 1: which was earlier rejected as inferior to one from Netflix

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Speaker 1: with more. Here's Bloomberg's Lucashaw.

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Speaker 2: Money's the biggest thing they You know, the Paramount offer

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Speaker 2: and the Netflix offer are fairly comparable. A lot of

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Speaker 2: it depends on how much of value you assigned to

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Speaker 2: the cable networks at Warner Brothers zones that it's you know,

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Speaker 2: CNNTNT among many others. Warner Brothers thinks they're worth more

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Speaker 2: than Paramount, hence the disagreement. I think there's some concerns

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Speaker 2: about Paramount as a buyer because look, Paramount is a

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Speaker 2: very small company.

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Speaker 3: Right.

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Speaker 2: If they didn't have the Allisons behind them, this would

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Speaker 2: not be a deal that it could contemplate.

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Speaker 1: Bloomberg's Lucasshaw. Warner Brothers Discovery up today by six tenths

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Speaker 1: of one percent. Paramount Skuidants advanced one tenth of one percent.

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Speaker 1: Netflix was down by four tenths of one percent. The

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Speaker 1: United Nations has approved a seven percent reduction in its

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Speaker 1: budget from last year to fund administrative and operational activities.

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Speaker 1: The reduction includes cutting twenty nine hundred positions, and it

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Speaker 1: comes as the UN tries to cut costs due to

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Speaker 1: a financial crisis driven by the US refusal to pay

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Speaker 1: what it owes. President Trump revealed a covert US strike

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Speaker 1: against what he said was a drug trafficking facility in Venezuela,

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Speaker 1: marking a new escalation in his pressure campaign against the

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Speaker 1: regime of Nicholas Maduro. The attack is likely to energize

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Speaker 1: discussions in Congress about US strategy toward Venezuela. Heather Connolly

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Speaker 1: is a non resident Senior Fellow at the American Enterprise Institute.

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Speaker 4: Yeah, this is where absolutely Congress needs to have an

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Speaker 4: authorization of use of military force, and I think on

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Speaker 4: a bipartisan basis, members of Congress, both public and Democrats,

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Speaker 4: have been really a searching for understanding what the administration's justification.

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Speaker 1: Heather Connolly of the American Enterprise Institute, the oil supertanker

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Speaker 1: skipper that was seized by US authorities is now sitting

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Speaker 1: off the Texas coast of Galveston in the offshore lighting area.

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Speaker 1: That's according to Greater Houston Port officials. They say because

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Speaker 1: of draft restrictions, the ship is unable to enter the

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Speaker 1: Houston Ship Channel, which is a corridor of refineries and

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Speaker 1: petrochemical plants. New York City may elect Zoron Mamdani has

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Speaker 1: announced new appointments to his administration.

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Speaker 2: I will demand excellence from my team, from myself, and

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Speaker 2: also I will ensure that we create the conditions where

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Speaker 2: that excellence is possible to deliver.

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Speaker 1: On maor elect will be sworn in at midnight New

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Speaker 1: Year's Day in the old City Hall subway station under

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Speaker 1: City Hall in a small private ceremony. The countdown is

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Speaker 1: on for twenty twenty six, and in New York City,

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Speaker 1: officials are prepared to welcome hundreds of thousands of people

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Speaker 1: to Times Square to watch the ball drop. Maror Eric

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Speaker 1: Adams says there are no credible threats to the city,

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Speaker 1: but authorities will remain vigilant.

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Speaker 2: It's the crossroads of the entire globe. People come here

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Speaker 2: to bring in the new year, and it is our

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Speaker 2: job to make sure they're able to do that in

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Speaker 2: a level of safety.

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Speaker 1: Air China is buying sixty Airbus aircraft and a long

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Speaker 1: anticipated transaction worth about nine point five three billion dollars

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Speaker 1: and with more here's Bloomberg's tom buzby.

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Speaker 3: The state run carrier says it will take delivery of

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Speaker 3: the A three twenty Neo family planes from twenty twenty

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Speaker 3: eight through twenty thirty two. Sources have told Bloomberg China

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Speaker 3: has been lining up a group purchase of about five

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Speaker 3: hundred aircraft from Airbus. The orders to deliver a much

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Speaker 3: needed boost for Airbus, which has suffered setbacks in recent weeks,

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Speaker 3: with software glitches temporarily causing a global recall of its

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Speaker 3: most profitable jets, and quality any issues emerging on some

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Speaker 3: newly made aircraft. Tom buzzby Bloomberg.

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Speaker 1: Radio stocks moved lower in the next the last session

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Speaker 1: of twenty twenty five, the Dow, the s and P

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Speaker 1: Nestak all finished in the red. SMP down nine, dropping

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Speaker 1: for a third day down one tenth of barm percent.

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Speaker 1: The Dow was down two tenths of barm percent. Nestak

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Speaker 1: also down by two tenths of one percent. And that's

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Speaker 1: news when you wanted with Bloomberg News. Now I'm Charlie Palatan.

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Speaker 1: This is Bloomberg