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Speaker 1: News when you wanted with Bloomberg News. Now, I'm Doug

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Speaker 1: Prisner will begin with Nvidia after the bell. The company

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Speaker 1: reported fourth quarter revenue above estimates, and in Vidia's revenue

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Speaker 1: forecast for the current quarter also exceeded expectations, even if

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Speaker 1: the outlook didn't reach the blowout levels that some were

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Speaker 1: banking on. One concern, though, is gross margin from the

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Speaker 1: current quarter, and Vidia is now predicting non gap gross

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Speaker 1: margin of seventy one percent that was less than estimates.

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Speaker 1: Here is Bloomberg's Caroline Hide.

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Speaker 2: I think the gross margin is clearly assigned that you're

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Speaker 2: having perhaps a slight air pocket. The many had talked

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Speaker 2: about is where you flip from Hopper to Blackwell, and indeed,

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Speaker 2: how much expense is spent on making sure that Blackwell

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Speaker 2: is easy to use and get up and running as

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Speaker 2: quickly as possible. That could be an issue.

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Speaker 1: Bloomberg's Caroline Hide their shares and in Vidia finished the

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Speaker 1: late session down about one point four percent after moving

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Speaker 1: higher by two percent in the regular session. Meantime, the

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Speaker 1: AI cloud firm Corewe is considering filing for an initial

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Speaker 1: public offering in the US within a week. We are

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Speaker 1: told the aim is to raise about four billion dollars.

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Speaker 1: We go to Washington next, where President Trump held the

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Speaker 1: first cabinet meeting of his second term. He was flanked

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Speaker 1: by secretaries of State and Defense, and it was there

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Speaker 1: that Trump clarified that long promised twenty five percent tariffs

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Speaker 1: on goods from Mexico and Canada are still on track

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Speaker 1: to take effect in the coming weeks. Trump also said

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Speaker 1: America's two neighbors could prevent those tariffs from taking effect

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Speaker 1: by hitting certain benchmarks related to fentanyl and border security.

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Speaker 1: Here is Commerce Secretary Howard Lutnik.

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Speaker 3: But the fennol related things, they're working hard on the border.

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Speaker 3: At the end of that thirty days, they have to

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Speaker 3: prove to the President that they satisfied him to that

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Speaker 3: regard if they have plause or he won't.

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Speaker 1: That is Commerce Secretary Howard Lutnik. Now, the President also

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Speaker 1: announced plans to introduce similar twenty five percent levies on

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Speaker 1: import worts from the European Union. Ukraine's cabinet is expected

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Speaker 1: to sign off on a deal with the US to

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Speaker 1: develop Ukrainian natural resources. President Vladimir Zelensky is planning to

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Speaker 1: meet with President Trump on Friday to sign this agreement.

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Speaker 1: It comes after the US backed off an earlier demand

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Speaker 1: for five hundred billion dollars in mineral proceeds as a

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Speaker 1: form of repayment for AID. Here is President Trump.

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Speaker 3: Biden has spent three hundred and fifty billion dollars without

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Speaker 3: any chance of getting it back. Now we're going to

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Speaker 3: be getting all of that money back, plus a lot more.

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Speaker 3: And we provided a great thing. I mean, we've provided

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Speaker 3: something very important, and we'll be working with Ukraine. And

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Speaker 3: because we'll be taking that, we're going to be taking

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Speaker 3: what we're.

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Speaker 1: Entitled to take now. Trump went on to say it

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Speaker 1: will be up to Europe to make any security guarantees

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Speaker 1: for Ukraine. Meantime, President Trump will also terminate oil concessions

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Speaker 1: the Biden administration gave to Venezuela's president Nikolas Maduro. Here's

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Speaker 1: Bloomberg's Amy Morris.

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Speaker 4: President Trump plans to revoke an oil license to operate

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Speaker 4: in Venezuela, citing that country's failure to take back migrants

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Speaker 4: as quickly as it promised. The license was granted in

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Speaker 4: November of twenty twenty two, and it allows Chevron to

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Speaker 4: produce and sell oil in Venezuela despite sanctions, but Under

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Speaker 4: this order, the company would have to exit the country

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Speaker 4: by the end of July. The move represents an intensification

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Speaker 4: of US restrictions on Venezuela after Maduro's contested re election

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Speaker 4: and a sweeping crackdown on his opponents in Washington. Amy

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Speaker 4: Morris Bloomberg Radio.

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Speaker 1: Chief Justice John Roberts is temporarily allowing President Trump to

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Speaker 1: keep a freeze on foreign aid payments. Now. This is

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Speaker 1: being done while the Supreme Court considers whether to reverse

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Speaker 1: a judge's order requiring disbursement of as much as two

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Speaker 1: billion dollars in foreign assistance. The Trump administration has argued

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Speaker 1: the order overstepped the judges authority. Now, humanitarian groups claim

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Speaker 1: the money is owed for work already completed, and they

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Speaker 1: say the freeze has had having a devastating effect on

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Speaker 1: hundreds of projects and thousands of workers. So the order

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Speaker 1: from Roberts is asking humanitarian groups challenging the freeze to

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Speaker 1: respond by Friday at noon. US health officials are reevaluating

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Speaker 1: a government contract with Moderna for bird flu shots. This

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Speaker 1: is a five hundred ninety million dollars deal. It was

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Speaker 1: awarded in the final days of the Biden administration, but

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Speaker 1: the review is part of the Trump team's push to

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Speaker 1: examine spending on Messenger Ourna based vaccines. Now, Moderna's plan

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Speaker 1: for a large, final stage clinical trial of the bird

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Speaker 1: flu vaccine may be impacted if this funding is withdrawn.

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Speaker 1: And that is news when you want it with Bloomberg

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Speaker 1: News Now. I'm Doug Chrisner, and this is Bloomberg New