November 10, 2025: Senate Passes Bill to End Shutdown, House Next, More

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Episode Transcript

Speaker 1 (00:01):
News when you want it with Bloomberg News Now. I'm
Doug Prisner. The US Senate has passed a temporary stopgap
funding bill. It's aimed at reopening the government and ending
the shutdown, the longest in history. This bill will now
need to be passed by the House of Representatives and
then signed into law by President Trump before the government
can reopen. Now. The House is expected to vote on

(00:23):
the Senate passed bill on Wednesday, and according to a
statement from the office of House Majority Whip Tom Emmer,
the first votes may occur as early as four pm
Eastern time. Here is Senate Majority Leader John Thune.

Speaker 2 (00:37):
This has been a very long road, quite literally the
longest shutdown in history. I am very very happy to
be able to say that we are coming to the end.

Speaker 1 (00:48):
That was Senate Majority Leader John Thune. Importantly, this bill
does not include provisions to extend tax subsidies under the
Affordable Care Act, and as a result, it's been widely
criticized by many Democrats, including Senator Elizabeth Warren and House
Democratic Leader Jakim Jeffreys. They have said the party should
have stood firm and fought for healthcare. We moved to

(01:11):
earnings News. Next, Paramount's Guidance reported its first results under
the leadership of CEO David Ellison. Third quarter revenue missed estimates,
however the outlook was better than expected. Paramounts Guidance is
planning to cut an additional sixteen hundred jobs to achieve
cost savings of three billion dollars this year and next.
We got reaction from Bloomberg's Chris Palmery.

Speaker 3 (01:33):
This is the definition of mixed results. You see. You know,
the quarterly revenue was a disappointment compared to what Wall
Street wanted, but their fourth quarter guidance looks high. But
then again, their twenty twenty six revenue for the annual
revenue looks all just about in line. So there's all
kinds of lot of mixed signals here, that.

Speaker 1 (01:53):
Is Bloomberg's Chris Palmery. Now, Paramount's Guidance has been trying
to buy rival Warner Brothers Discovery. However, it's multiple bids
have been rejected for being too low. Other companies, including
Netflix and Comcast, have also been interested in acquiring all
or part of Warner Brothers. After the Bellcore We've reported
revenue for the latest quarter above estimates, but the company

(02:15):
also reported narrower profit margins. The weak spot in otherwise
upbeat results. We got reaction from Sarah Kunst, founder and
managing director at Cleo Capital.

Speaker 4 (02:26):
You don't normally see this kind of sort of investing
for growth in an infrastructure company. It doesn't take that
long to get these things online, and so you know,
I think that when you look at the capex of
this company, when you look at things like you know
the rate at which the CEO is selling, you say, Okay,
it feels like this is expensive and I don't know

(02:48):
if the value is going to be there in a
few years. And I think that the street is reacting
that way too.

Speaker 1 (02:53):
That is Sarah Kunst from Cleo Capital. Apple is reportedly
delaying the release of next year's version of the company's
thinnest smartphone, the iPhone Air. The Information reports the move
comes after the first model sold below expectations. Apple is
already sharply scaled back production of the first version, and
Fox COHNN, one of two companies that assembles the iPhone Air,

(03:16):
has dismantled most production lines for the first version, and
Fox Cohn is expecting to halt all production of the
first version by the end of the month, the US
says it's halting some sanctions on Syria. This comes after
Syrian President Ahmed al Shara met with President Trump today
at the White House and according to a multi agency statement,

(03:38):
comprehensive US sanctions on Syria have been suspended for one
hundred and eighty days as of Monday. Here is Bloomberg's
Michelle jem Risco.

Speaker 5 (03:46):
This is a remarkable turn of events, and it all
kind of speaks to the President's effort, of course, in
the Middle East and in a lot of these conflict
situations to try to be the peacemaker and to bring
some sort of deal to the situation.

Speaker 1 (04:00):
That is Bloomberg's Michelle jem Risco. Now, President Ala Shara
has pledged to join a US led coalition to defeat
the Islamic State. So the relief of sanctions, combined with
cooperation on counter terrorism suggests improved ties between Washington and Damascus.
The Food and Drug Administration will remove a boxed warning

(04:20):
from hormone based menopause drugs about stroke, heart attack, dementia,
and other serious risk The change has been supported by
some doctors, including FDA Commissioner Marty McCarey. And he called
the current labeling outdated and unnecessary. Here is Health and
Human Services Secretary Robert F. Kennedy Junior making the announcement.

Speaker 6 (04:41):
After a thorough, evidence based review of decades of scientific data,
an expert ban, and public testimony, the FDA is announcing
today that it will remove the misleading black box warnings
from all HRT products.

Speaker 1 (04:57):
That was HHS Secretary Robert F. Kennedy Junior. Now, other
doctors have expressed concerns that the process leading to this
decision was flawed and it lacked transparency. And that is
news when you want it with Bloomberg News. Now, I'm
Doug Prisner, and this is Bloomberg