December 1, 2025 • 6 mins
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Speaker 1 (00:01):
News when you want it. With Bloomberg News Now, I'm
Doug Chrisner. The White House is defending the Pentagon's handling
of a September attack on an alleged drug running boat.
The administration is also denying that Defense Secretary Pete Hegseth
had given the order to kill everyone on board, and
at the same time, Congressional lawmakers from both parties have
launched reviews of these strikes. Here is Tim Burchett, Republican
(00:25):
Congressman from Tennessee.
Speaker 2 (00:27):
I'm sure we'll have multiple hearings on this, but his
usual Congress center either party doesn't do a whole heck
of a lot. We'll probably write somebody a strong letter
and we'll bring some people in on both sides. I'll
pair up against each other. But the reality is Congress
isn't going to do anything.
Speaker 1 (00:43):
That is Tim Burchett, Republican Congressman from Tennessee. In Hong Kong,
authorities say they found the deadly fire at an apartment
complex was accelerated by cheaper, substandard netting used by workers
to evade government testing. Police and the Independent Commission against
Corruption have so far arrested thirteen people in connection with
(01:05):
the fire, Hong Kong Chief Executive John Lee says, an
independent committee will be established to investigate the cause of
the fire.
Speaker 3 (01:12):
We will make sure that that those who are responsible
will have to bear the legal responsibility. I ask for
a sorrow investigation, and we should turn our anger and
sorrow into power of reform. We have to hold those
(01:33):
responsible accountable. We have to expose the truth. We have
to do everyone justice. We have to make sure that
the disease can rest in peace and that we can
give a peace of mind to those who survive.
Speaker 1 (01:47):
That was John Lee, Hong Kong's chief executive. The death
toll from this fire has risen to one hundred and
fifty one. Netflix has made a mostly cash offer for
Warner Brothers Discovery in a second round of bidding. We're
told Netflix is working on a bridge loan that totals
tens of billions of dollars. Here is Bloomberg's Chris pal Mary.
Speaker 4 (02:07):
Yeah, we definitely are hearing that they're edging a little
bit closer to that thirty dollars number, depending on how
you value things. Big surprise here that we reported was
that the Netflix offers mostly cash because Netflix's stock has
been doing terrific in recent years, A lot of people
expected to use that as a currency, and apparently they
(02:27):
feel more confident paying cash.
Speaker 1 (02:30):
That was Bloomberg's Chris Paul Mary. Now Paramount, sky Dance
and Comcast are also making bids, and we are told
their bankers worked on improved offers over the Thanksgiving weekend. Now,
Netflix and Comcast are only interested in the Warner Brothers
studio and the HBO Max streaming service. By the way,
these offers are binding, and that means the board of
(02:50):
Warner Brothers is in a position to sign off on
a deal quickly if its goals are met. The head
of Apple's artificial intelligence unit is stepping down. The company
says Gandrea is exiting his job as Senior VP of
Machine Learning and AI Strategy. He will leave the company
entirely in the spring after a period of transition. In
(03:11):
Vidia is investing two billion dollars in the chip design
software maker Synopsis. This is part of a broader engineering
and design tie up aimed at infusing in Vidia's AI
computing technology into more industries. Now, these companies will deploy
AI agents and work on joint marketing. Here as Bloomberg's
ed Ludlow.
Speaker 5 (03:31):
Synopsis makes the software by which chips are designed, but
also validated, So before you send a chip through the
fab to be manufactured, you want to know that that
design works. And that's a big part of what Synopsis
does with all kinds of tech companies, and so part
of the interpretation of why is in Vidia doing this
is it's a sales channel, because Synopsis is basically saying,
(03:53):
imagine how good our software would be if it was
underpinned by Videa's GPUs and in Vidia's catalog ofat.
Speaker 1 (04:00):
Bloomberg sed Ludlow. Their shares in Nvidia were up today
by one point six percent. US Special Envoy Steve Whitkoff,
together with President Trump's son in law, Jared Kushner, are
set to be in Moscow this week to iron out
a peace deal to end Russia's war in Ukraine now. Yesterday,
American and Ukrainian officials met in Florida. US Secretary of
(04:21):
State Marco Rubio said talks were productive, but he said
more work needs to be done. We got some perspective
from retired Lieutenant Colonel Alexander Vidman.
Speaker 6 (04:31):
I've never seen anything quite so chaotic as this iterative
process to attempt a peace negotiation. Sometimes it looks reminiscent
of Shuttle diplomacy. You got some statesmen going between Moscow
and Kiev or other capitals. But what you don't have,
(04:52):
and what's Evan and president in this one, is you
don't have for folks that have no competence negotiating, folks
that don't actually I have a formal role in government,
like Jared Kushner.
Speaker 1 (05:02):
That was retired Lieutenant Colonel Alexander Vidman. Also today, Ukrainian
President Volodomir Zelensky rallied European support in Paris as he
met with French President Emmanuel Macron. Zelensky said there are
improvements in the proposal, although there are still tough issues
that have to be worked out with Washington. The Trump
administration reportedly fired eight immigration judges in New York City
(05:26):
on Monday. These firings followed an earlier round of job
cuts in New York immigration courts. The New York Times
reports the firings are part of a broader disruption across
the country as the president seeks to accelerate deportations. Now.
Before Monday, about ninety immigration judges had been fired this year.
Across the US, including six in New York City, and
(05:48):
according to the Times, the judges who were fired earlier
this year suggested the administration was targeting judges who were
considered too lenient, and they also suggested the administration was
trying to create a feeling of fear. And that is
news when you want it with Bloomberg News. Now, I'm
Doug prisoner, and this is Bloomberg
News when you want it. With Bloomberg News Now, I'm
Doug Chrisner. The White House is defending the Pentagon's handling
of a September attack on an alleged drug running boat.
The administration is also denying that Defense Secretary Pete Hegseth
had given the order to kill everyone on board, and
at the same time, Congressional lawmakers from both parties have
launched reviews of these strikes. Here is Tim Burchett, Republican
(00:25):
Congressman from Tennessee.
Speaker 2 (00:27):
I'm sure we'll have multiple hearings on this, but his
usual Congress center either party doesn't do a whole heck
of a lot. We'll probably write somebody a strong letter
and we'll bring some people in on both sides. I'll
pair up against each other. But the reality is Congress
isn't going to do anything.
Speaker 1 (00:43):
That is Tim Burchett, Republican Congressman from Tennessee. In Hong Kong,
authorities say they found the deadly fire at an apartment
complex was accelerated by cheaper, substandard netting used by workers
to evade government testing. Police and the Independent Commission against
Corruption have so far arrested thirteen people in connection with
(01:05):
the fire, Hong Kong Chief Executive John Lee says, an
independent committee will be established to investigate the cause of
the fire.
Speaker 3 (01:12):
We will make sure that that those who are responsible
will have to bear the legal responsibility. I ask for
a sorrow investigation, and we should turn our anger and
sorrow into power of reform. We have to hold those
(01:33):
responsible accountable. We have to expose the truth. We have
to do everyone justice. We have to make sure that
the disease can rest in peace and that we can
give a peace of mind to those who survive.
Speaker 1 (01:47):
That was John Lee, Hong Kong's chief executive. The death
toll from this fire has risen to one hundred and
fifty one. Netflix has made a mostly cash offer for
Warner Brothers Discovery in a second round of bidding. We're
told Netflix is working on a bridge loan that totals
tens of billions of dollars. Here is Bloomberg's Chris pal Mary.
Speaker 4 (02:07):
Yeah, we definitely are hearing that they're edging a little
bit closer to that thirty dollars number, depending on how
you value things. Big surprise here that we reported was
that the Netflix offers mostly cash because Netflix's stock has
been doing terrific in recent years, A lot of people
expected to use that as a currency, and apparently they
(02:27):
feel more confident paying cash.
Speaker 1 (02:30):
That was Bloomberg's Chris Paul Mary. Now Paramount, sky Dance
and Comcast are also making bids, and we are told
their bankers worked on improved offers over the Thanksgiving weekend. Now,
Netflix and Comcast are only interested in the Warner Brothers
studio and the HBO Max streaming service. By the way,
these offers are binding, and that means the board of
(02:50):
Warner Brothers is in a position to sign off on
a deal quickly if its goals are met. The head
of Apple's artificial intelligence unit is stepping down. The company
says Gandrea is exiting his job as Senior VP of
Machine Learning and AI Strategy. He will leave the company
entirely in the spring after a period of transition. In
(03:11):
Vidia is investing two billion dollars in the chip design
software maker Synopsis. This is part of a broader engineering
and design tie up aimed at infusing in Vidia's AI
computing technology into more industries. Now, these companies will deploy
AI agents and work on joint marketing. Here as Bloomberg's
ed Ludlow.
Speaker 5 (03:31):
Synopsis makes the software by which chips are designed, but
also validated, So before you send a chip through the
fab to be manufactured, you want to know that that
design works. And that's a big part of what Synopsis
does with all kinds of tech companies, and so part
of the interpretation of why is in Vidia doing this
is it's a sales channel, because Synopsis is basically saying,
(03:53):
imagine how good our software would be if it was
underpinned by Videa's GPUs and in Vidia's catalog ofat.
Speaker 1 (04:00):
Bloomberg sed Ludlow. Their shares in Nvidia were up today
by one point six percent. US Special Envoy Steve Whitkoff,
together with President Trump's son in law, Jared Kushner, are
set to be in Moscow this week to iron out
a peace deal to end Russia's war in Ukraine now. Yesterday,
American and Ukrainian officials met in Florida. US Secretary of
(04:21):
State Marco Rubio said talks were productive, but he said
more work needs to be done. We got some perspective
from retired Lieutenant Colonel Alexander Vidman.
Speaker 6 (04:31):
I've never seen anything quite so chaotic as this iterative
process to attempt a peace negotiation. Sometimes it looks reminiscent
of Shuttle diplomacy. You got some statesmen going between Moscow
and Kiev or other capitals. But what you don't have,
(04:52):
and what's Evan and president in this one, is you
don't have for folks that have no competence negotiating, folks
that don't actually I have a formal role in government,
like Jared Kushner.
Speaker 1 (05:02):
That was retired Lieutenant Colonel Alexander Vidman. Also today, Ukrainian
President Volodomir Zelensky rallied European support in Paris as he
met with French President Emmanuel Macron. Zelensky said there are
improvements in the proposal, although there are still tough issues
that have to be worked out with Washington. The Trump
administration reportedly fired eight immigration judges in New York City
(05:26):
on Monday. These firings followed an earlier round of job
cuts in New York immigration courts. The New York Times
reports the firings are part of a broader disruption across
the country as the president seeks to accelerate deportations. Now.
Before Monday, about ninety immigration judges had been fired this year.
Across the US, including six in New York City, and
(05:48):
according to the Times, the judges who were fired earlier
this year suggested the administration was targeting judges who were
considered too lenient, and they also suggested the administration was
trying to create a feeling of fear. And that is
news when you want it with Bloomberg News. Now, I'm
Doug prisoner, and this is Bloomberg
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