1 00:00:00,880 --> 00:00:04,200 Speaker 1: News when you wanted. With Bloomberg News Now, I'm Dan Schwartzman. 2 00:00:04,600 --> 00:00:08,119 Speaker 1: SpaceX's massive Starship spacecraft took off early this morning from 3 00:00:08,160 --> 00:00:23,960 Speaker 1: Texas three two. The flight, though, seems smooth till separation 4 00:00:24,120 --> 00:00:27,400 Speaker 1: before the super heavy booster exploded, but overall new milestones 5 00:00:27,400 --> 00:00:29,880 Speaker 1: are achieved in its second test flight. Later, as the 6 00:00:29,920 --> 00:00:32,400 Speaker 1: Starship near an orbit, it blew apart, likely due to 7 00:00:32,440 --> 00:00:35,720 Speaker 1: the flight termination system activating, which occurs if the rocket 8 00:00:35,760 --> 00:00:38,640 Speaker 1: begins to malfunction or deviates from its program flight path. 9 00:00:38,920 --> 00:00:41,000 Speaker 1: The flight did reach space though for the first time 10 00:00:41,080 --> 00:00:44,280 Speaker 1: before breaking apart eight minutes into the trip. Starship is 11 00:00:44,320 --> 00:00:47,640 Speaker 1: the largest and most powerful rocket ever built. Bloomberg Technology 12 00:00:47,680 --> 00:00:50,080 Speaker 1: co host ed Ludlow tells us what the ultimate plan 13 00:00:50,240 --> 00:00:51,080 Speaker 1: is for Starship. 14 00:00:51,360 --> 00:00:54,640 Speaker 2: The big picture is that the hope for Starship is 15 00:00:54,680 --> 00:00:58,000 Speaker 2: the most powerful launch system that human kind's ever made, 16 00:00:58,280 --> 00:01:01,319 Speaker 2: and it's the system that Elon Buskin SpaceX says, we'll 17 00:01:01,320 --> 00:01:05,759 Speaker 2: get human beings to Mars at an increasingly delayed timeline, 18 00:01:06,040 --> 00:01:08,400 Speaker 2: but it is capable of getting from Earth to Mars, 19 00:01:08,440 --> 00:01:09,880 Speaker 2: and that's kind of the big picture here. 20 00:01:10,120 --> 00:01:13,680 Speaker 1: That's Bloomberg Technology co host ed Ludlow, Hedge Fund billionaire 21 00:01:13,680 --> 00:01:16,760 Speaker 1: Bill Ackman has come to the defensive imbattled X formerly 22 00:01:16,800 --> 00:01:20,199 Speaker 1: known as Twitter head Elon Musk after major advertisers pulled 23 00:01:20,240 --> 00:01:23,640 Speaker 1: ads from the site over Musk's anti Semitic commentary. Musk 24 00:01:23,680 --> 00:01:26,399 Speaker 1: received backlash after agreeing with a post that said that 25 00:01:26,480 --> 00:01:29,639 Speaker 1: Jewish people had a quote dialectical hatred of white people. 26 00:01:30,000 --> 00:01:32,680 Speaker 1: Akman on X says Musk is not an anti Semite, 27 00:01:32,720 --> 00:01:35,400 Speaker 1: while linking to an assessment of the situation by commentator 28 00:01:35,440 --> 00:01:38,679 Speaker 1: Ben Shapiro. Companies such as Disney, Apple, and others have 29 00:01:38,760 --> 00:01:41,800 Speaker 1: suspended or pulled spending on X. Ackman also goes on 30 00:01:41,880 --> 00:01:44,040 Speaker 1: to say that Musk has made the world a vastly 31 00:01:44,120 --> 00:01:46,839 Speaker 1: better place. A mutiny seems to be brewing an Open 32 00:01:46,880 --> 00:01:50,200 Speaker 1: Ai after the ouster of co founder Sam Altman on Friday. 33 00:01:50,520 --> 00:01:53,040 Speaker 1: Reports say that investors of the company are pressing the 34 00:01:53,040 --> 00:01:56,240 Speaker 1: board of directors to reverse their decision and reinstate Altman 35 00:01:56,440 --> 00:02:00,440 Speaker 1: as chief executive officer. Microsoft CEO Satyada deda Ella has 36 00:02:00,440 --> 00:02:03,280 Speaker 1: pledged support for Altman, with the Washington based company being 37 00:02:03,280 --> 00:02:06,680 Speaker 1: the largest shareholder of Open Ai. Several people, including co 38 00:02:06,760 --> 00:02:09,919 Speaker 1: founder Greg Brockman, have already resigned from the company in protest. 39 00:02:10,120 --> 00:02:13,520 Speaker 1: With others expected to follow. Sources say Altman was fired 40 00:02:13,520 --> 00:02:16,440 Speaker 1: by the board after a series of escalating disagreements over 41 00:02:16,480 --> 00:02:19,320 Speaker 1: how to keep the technology safe while also making money. 42 00:02:19,560 --> 00:02:22,040 Speaker 1: Altman is said to be open to returning to the company, 43 00:02:22,200 --> 00:02:25,760 Speaker 1: with one scenario under consideration being that current board members 44 00:02:25,760 --> 00:02:29,000 Speaker 1: would step down. Monsanto has been ordered to pay big 45 00:02:29,000 --> 00:02:32,440 Speaker 1: Bucks in a round Up liability case. Details from Bloomberg's 46 00:02:32,480 --> 00:02:34,000 Speaker 1: Denise Pellegrini. 47 00:02:33,800 --> 00:02:38,200 Speaker 3: Buyer AG's Monsanto has been ordered by a Missouri jury 48 00:02:38,440 --> 00:02:41,560 Speaker 3: to pay more than one and a half billion dollars 49 00:02:41,600 --> 00:02:44,880 Speaker 3: to three former users of its Roundup weed killer. They 50 00:02:44,919 --> 00:02:48,560 Speaker 3: blame their cancers on the controversial product. Jurors and state 51 00:02:48,600 --> 00:02:51,640 Speaker 3: court awarded the three more than sixty one million dollars 52 00:02:51,639 --> 00:02:55,600 Speaker 3: in actual damages and then five hundred million dollars each 53 00:02:55,800 --> 00:02:59,760 Speaker 3: in punitive damages over their claims the years of using 54 00:03:00,400 --> 00:03:03,919 Speaker 3: on their lawns and gardens caused their non hodgkins lymphomas. 55 00:03:04,240 --> 00:03:06,840 Speaker 3: Monsanto has been hit with a recent spate of jury 56 00:03:06,919 --> 00:03:11,160 Speaker 3: verdicts finding its Roundup contains carcinogens. That's after winning nine 57 00:03:11,240 --> 00:03:13,639 Speaker 3: cases against it. At this more than one and a 58 00:03:13,680 --> 00:03:15,840 Speaker 3: half billion dollar vertic well. It is one of the 59 00:03:15,960 --> 00:03:20,000 Speaker 3: largest damage awards handed down against a US corporate defendant 60 00:03:20,240 --> 00:03:22,760 Speaker 3: this year, Denise Pellgriny Bloomberg Radio. 61 00:03:23,160 --> 00:03:26,280 Speaker 1: Thanks Denise. The Israel Hamas war may be about to widen. 62 00:03:26,639 --> 00:03:28,960 Speaker 1: Israel says its ground offensive in the northern part of 63 00:03:28,960 --> 00:03:31,560 Speaker 1: the Gaza Strip may be expanded to the south, where 64 00:03:31,560 --> 00:03:34,560 Speaker 1: many Palestindians have sought refuge after being urged to evacuate 65 00:03:34,600 --> 00:03:38,880 Speaker 1: there by the Israeli military. Meanwhile, Israeli Prime Minister Benjamin Natania, 66 00:03:38,920 --> 00:03:41,080 Speaker 1: who says no deal has been reached yet to free 67 00:03:41,080 --> 00:03:44,240 Speaker 1: the hostages held in Gaza. Natanya, who also says he 68 00:03:44,280 --> 00:03:47,200 Speaker 1: will meet the families of those being held. According to 69 00:03:47,240 --> 00:03:49,840 Speaker 1: a person briefed on the matter, City Group will start 70 00:03:49,880 --> 00:03:52,280 Speaker 1: around a job cuts as soon as Monday as part 71 00:03:52,320 --> 00:03:55,200 Speaker 1: of its sweeping reorganization. The company is looking to get 72 00:03:55,280 --> 00:03:58,120 Speaker 1: rid of five layers of management, with cuts continuing through 73 00:03:58,120 --> 00:04:00,800 Speaker 1: the end of the first quarter. Has already racked up 74 00:04:00,800 --> 00:04:03,840 Speaker 1: around six hundred and fifty million dollars in severance charges 75 00:04:04,080 --> 00:04:06,680 Speaker 1: after cutting seven thousand jobs through the first nine months 76 00:04:06,720 --> 00:04:09,040 Speaker 1: of the year. Some big names will be opening their 77 00:04:09,040 --> 00:04:12,280 Speaker 1: books this week. Investors are eyeing quarterly results from big 78 00:04:12,280 --> 00:04:16,120 Speaker 1: tech company Nvidia, along with retailers including Best Buy, Nordstrom, 79 00:04:16,120 --> 00:04:18,920 Speaker 1: and Low's. That's news when you want it with Bloomberg 80 00:04:18,960 --> 00:04:22,040 Speaker 1: News Now, I'm Dan Schwartzman, and this is Bloomberg