November 8, 2025: Senate GOP Conference Meeting Sunday, Air Chaos Continues, More

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Speaker 1 (00:00):
News when you want it with Bloomberg News Now, I'm
mad Canigi. Senate Majority leader John Thune says the Democrat's
one year Affordable Care Act subsidy extension offer to end
the government shutdown is a non starter.

Speaker 2 (00:13):
Republicans are not about to further burden taxpayers by blindly
extending a flawed program. The Democrat's proposal is just more
of the same, masking rising premiums and padding insurance companies
profits with more taxpayer dollars.

Speaker 1 (00:29):
Punch Bowl News is now reporting that the Senate Gpeak
Conference will meet at twelve thirty pm Sunday. The Senate
will convene at noon for a rare Sunday session as
they try to find a way out of the shutdown.
Airlines canceled hundreds more flights this weekend, causing delays at
major airports in New York City and elsewhere as federal
authorities curtail air traffic because of the government shutdown. Out

(00:52):
of over twenty one thousand flights scheduled Saturday, about three
point seven percent had already been canceled as of Saturday morning.
This according to data compiled by aviation analytics company Serrium.
American United and Delta Airlines were the most affected. Many
flights that did eventually take off were delayed by hours.
UPS and FedEx are grounding part of its fleet following

(01:13):
a deadly plane crash earlier this week. Bloomberg's Monica Rix
has details.

Speaker 3 (01:18):
Both UPS and FedEx are grounding their MD eleven fleets
on Boeing's recommendations as the company helps the FAA reveal
cargo plane crash that killed more than a dozen people
this week in Louisville, Kentucky. The groundings affect nine percent
of UPS's fleet and about four percent for FedEx. The
MD eleven was manufactured by McDonald Douglas, which Boeing took

(01:38):
over in nineteen ninety seven. The companies working on an
engineering analysis on the MD eleven that went down, and
the FEDS are using recovered cockpit voice and flight data
recorders to determine a cause. Monica Ricks Bloomberg Radio.

Speaker 1 (01:51):
President Trump's plan to deploy the National Guard to Portland, Oregon,
to quell protests against his immigration crackdown was permanently blocked
by a US judge, handing him a major loss in
his bid to send troops to democratic led cities. A
judge who oversaw a trial last month, agreed with city
and state officials Friday that the protests have been largely
peaceful since a spate of violence in early June and

(02:13):
did not require the intervention of troops. The US Supreme
Court let the Trump administration for now withhold four billion
dollars in snap food aid that a judge had ordered
distributed Friday to fully fund November benefits for forty two
million people. The administrative stay, issued Friday night by Justice
Katanji Brown Jackson, is designed to give a federal appeals
court more time to consider the government's request for a

(02:36):
longer term order, letting it avoid making the payment. Pfizer
agreed to buy Metsara for up to ten billion dollars,
prevailing over Novo Nordisk in a tumultuous bidding war. After
US regulatory opposition thwarted the Danish drug maker's rival bid
for the obesity drug startup, Pfiser raised it'saw offered to
as much as eighty six dollars twenty five cents a share,

(02:58):
matching a revised bid from Novo. On November sixth, the
US company agreed to pay sixty five to sixty a
share in cash and up to twenty sixty five a
share contingent on certain milestones. In a statement Saturday, Novo
said that after careful consideration, it does not intend to
increase its offerre, adding that it believes that the structure
of its merger deal was compliant with antitrust laws. Farm

(03:20):
Maid is still on the table even after trade wins
and the Trump administration. Bloomberg's Amy Morris explains.

Speaker 4 (03:26):
New international soybean sales are a boon for farmers, but
farmers also lost an estimated five point seven billion dollars
worth of soybean exports to China alone this year, and
Republicans from farm states say the Trump administration still needs
to send producers economic bailouts. The Agriculture Department can send
direct payments to farmers affected by the Trump tariffs. Senate

(03:47):
Agriculture Share Republican John Boozman says he's also working closely
with the USDA to decide who qualifies, but a multi
billion dollar farm maide package has been held up by
the government shutdown in Washington. Amy Moore as Bloomberg Radio.

Speaker 1 (04:01):
Baby formula manufacturer by Heart has agreed to a recall
of some of its powdered formula. After thirteen infants were
diagnosed with bochuism after consuming the product, The Centers for
Disease Control in the FDA are investigating thirteen reported cases
of infant bochoism and hospitalizations in ten states. All the
babies affected had consumed by heart Brand powdered infant formula.

(04:24):
Although it can be fatal, there are treatments for the toxin.
There are no reported deaths of this specific outbreak. An
unusually large massive cold air is headed across parts of
the US soon. Here's meteorologist Craig Allen.

Speaker 5 (04:37):
We have a very unusual drop in the jet stream
for so early in the season. It's going to occur
over the next three days and bring a very rare
cold outbreak of temperatures well below average along with some snow.
This displacement of the jet stream is going to send
record low temperatures down into the central US and then
the southern US first before heading east over towards the

(04:59):
eastern seaboard, So it goes all the way down to
the Gulf Coast Georgia, Texas, Florida, and temperatures could be
in the thirties and forties with windchills even colder than that,
And as for snowfall, there could be six inches or
more downwind of the Great.

Speaker 1 (05:13):
Lakes meteorologist Craig Allen. That's news when you want it
with Bloomberg News Now, I'm made Kleggi. This is Bloomberg