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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. The Supreme Court is refusing to allow President

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Speaker 1: Trump to deploy National Guard troops in Chicago. This ruling

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Speaker 1: deals a setback to Trump's drive to use the military

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Speaker 1: in liberal cities across the country. Now, a majority of

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Speaker 1: the Justice is left in force an earlier judge's ruling

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Speaker 1: that has blocked the deployment since October ninth. The High

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Speaker 1: Court so the government failed to identify a source of

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Speaker 1: authority that would allow the military to execute the laws.

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Speaker 1: In Illinois, a federal judge has ruled the Trump administration

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Speaker 1: can move ahead with a one hundred thousand dollars fee

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Speaker 1: on new H one B visa applications. Now, this is

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Speaker 1: a setback for US tech companies that rely heavily on

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Speaker 1: hiring skilled foreign workers. However, the decision gives a boost

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Speaker 1: to the Trump administration's campaign to restrict immigration and push

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Speaker 1: demand for US workers. Now, the Chamber of Commerce suit

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Speaker 1: to block this proposal, and it can appeal. Another batch

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Speaker 1: of files related to Jeffrey Epstein was released today by

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Speaker 1: the Department of Justice, and several mentioned President Trump. There

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Speaker 1: was a twenty twenty email from a prosecutor with new

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Speaker 1: details about Trump's trips on Epstein's private jet in the

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Speaker 1: nineteen nineties, which the president has said never took place. Now,

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Speaker 1: following the release, the Department of Justice posted on x

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Speaker 1: that some of the latest documents include untrue claims about

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Speaker 1: the president that were submitted to the FBI just before

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Speaker 1: the twenty twenty election. Here is Vermont Democratic Congresswoman Becca Bellant.

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Speaker 2: What they mean by that is they don't like what's

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Speaker 2: in the file, so they're trying to distract from it.

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Speaker 2: I mean, let's just look at one instance alone, when

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Speaker 2: you look at the eight flights that so far we've

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Speaker 2: been able to document that the president was on. He

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Speaker 2: has tried to distance himself from Jeffrey Epstein for years now.

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Speaker 2: It was clear that they had a much closer relationship

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Speaker 2: than he will admit to. And what is so frustrating

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Speaker 2: to so many of us right now is that Americans

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Speaker 2: can handle the truth.

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Speaker 1: That is Vermont Democratic Congresswoman beca Balance speaking on Bloomberg's

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Speaker 1: balance of power now. The files also show Epstein named

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Speaker 1: two executors of his will, former Barclay CEO Jess Staley

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Speaker 1: and ex Treasury secretary Larry Summers. Now, Summers has stepped

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Speaker 1: away from public commitments in light of revelation about his

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Speaker 1: ties to Epstein that would include his role as a

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Speaker 1: paid contributor to Bloomberg Television. President Trump saying today he

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Speaker 1: expects the next FED share to lower interest rates even

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Speaker 1: if the economy is doing well. In a post today

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Speaker 1: on Truth Social Trump also said he wants the new

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Speaker 1: chairman to lower interest rates if the market is doing well,

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Speaker 1: and Trump added anyone who disagrees with him will never

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Speaker 1: be FED chairman. Here is Bloomberg's Laura Davison.

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Speaker 3: Well, you can see in this truth post that Trump

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Speaker 3: is really really worried about interest rates. In particular. This

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Speaker 3: is you know, he's supposed to be meeting with Rick

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Speaker 3: Reader a potential FED show this week, and as he's

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Speaker 3: kind of started to figure out, is that he is

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Speaker 3: not able to compel markets to do exactly what he

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Speaker 3: wants them to do. We've seen this time and time

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Speaker 3: again with the Liberation Day tariffs throughout the year that

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Speaker 3: you know, he is trying to, you know, tell traders, hey,

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Speaker 3: look it's good news, go up, and you know, we

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Speaker 3: should keep interest rate steady. However, that's not both how

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Speaker 3: the FED is thinking, as well as how traders are

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Speaker 3: thinking and looking at the whole holistic economy, which has

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Speaker 3: a bunch of other warning signs out there.

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Speaker 1: Bloomberg's Laura Davison speaking on the Balance of Power program. Now,

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Speaker 1: Trump has narrowed his list for FED share nominees to

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Speaker 1: a few candidates. An announcement is expected over the next

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Speaker 1: couple of weeks. In company news, Novo Nordisk has received

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Speaker 1: FDA approval to market it's Wagov obesity drug in pill form.

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Speaker 1: Nova will begin selling the Wagov pill in early January.

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Speaker 1: Here is Mike Doothstar, President and CEO of Novo Nordisk.

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Speaker 4: This is really going to be super exciting for the

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Speaker 4: millions of patients that have been waiting to get their

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Speaker 4: hands on a golp one pill. And for the first time,

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Speaker 4: we are having a pill that has an efficacy of

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Speaker 4: some seventeen percent if you take the pill regularly, and

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Speaker 4: one in three people are going to actually reduce up

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Speaker 4: to twenty percent weight loss.

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Speaker 1: That is Mike Dustar. He is the CEO of Novo Nordisk,

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Speaker 1: speaking earlier on Bloomberg Surveillance. Now, this pill is crucial

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Speaker 1: for Novos strategy to take on its rival Eli Lilly.

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Speaker 1: Lily's oral obesity drug could be approved by March. We

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Speaker 1: go to Pennsylvania, where an explosion has occurred at a

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Speaker 1: nursing home north of Philadelphia, and the gas leak is

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Speaker 1: suspected as being the cause. Officials say part of the

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Speaker 1: building has collapsed, some residents were trapped inside, and at

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Speaker 1: least two people were killed, with several others injured. Here

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Speaker 1: is Pennsylvania Governor jos Shapiro.

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Speaker 4: We believe preliminarily that it was a gas leak that

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Speaker 4: led to that the explosion was really quite catastrophic.

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Speaker 1: That is Pennsylvania Governor Josh Shapiro. A private jet carrying

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Speaker 1: Libya's military chief of staff crashed in central Turkey. He

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Speaker 1: was killed along with four other passengers, believed to be

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Speaker 1: high ranking Libyan military officials. The aircraft was a Falcon

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Speaker 1: fifty jet. It disappeared from radar while flying from Ancora

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Speaker 1: to Tripoli on Tuesday evening. And that is news when

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Speaker 1: you want it with Bloomberg News. Now, I'm Doug prisoner,

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Speaker 1: and this is Bloomberg