September 8, 2025 • 4 mins
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Speaker 1 (00:01):
News when you want it with Bloomberg News Now, I'm
Doug Prisner. Rupert Murdoch's family has reached a deal over
a trust with controlling interest in Foxcorp. And News Corp.
And this will put Lachlan Murdoch, his father's chosen heir,
in charge of the family empire. Now in a statement,
Lachlan's three older siblings, Prudence, Elizabeth, and James will cease
(00:22):
to be beneficiaries of that trust. Instead, they'll receive about
one point four billion dollars. The Federal Communications Commission has
lifted a regulatory cloud hanging over EchoStar. This announcement comes
after SpaceX agreed to acquire wireless spectrum from Ecostar at
a price of about seventeen billion dollars. Now SpaceX owns
the Starlink satellite Internet network. Here is John Butler, senior
(00:46):
telecom analyst for Bloomberg Intelligence.
Speaker 2 (00:48):
So for EchoStar, it's a very good deal as well.
They have really struggled to get their wireless service off
the ground. They've been building this five to wireless network
and have a relatively week prepaid brand called Boost, and
they've really struggled there. So this brings in much needed
funds for them to pay down debt.
Speaker 1 (01:08):
That is, Bloomberg's John Butler Now shares and Echo Star
were up twenty percent in New York Trading shares and
the drugmaker ken View We're down one percent on Monday,
that after a nine percent decline in the Friday session.
This follows a report in the Wall Street Journal of
that Health and Human Services Secretary Robert F. Kennedy Junior
is likely to link the company's tail and All painkiller
(01:31):
to autism. Now, FDA Commissioner Marty McCarey said the federal
government has not yet started writing a report on possible
causes for autism, but speaking on Monday to Bloomberg, McCarry
reaffirmed a long standing promise that it will be released
within a month.
Speaker 2 (01:47):
We're looking at everything, and talin All is not the
central piece of the report, but we are looking at
every piece.
Speaker 3 (01:52):
We didn't put out there that talen All causes autism.
We're reviewing the data. We haven't started the report yet.
Speaker 1 (01:57):
That is, FDA Commissioner Marty McCarey, speaking earlier to Bloomberg.
Now was back in twenty nineteen when researchers at Johns
Hopkins found in utero exposure to asset of meenifin may
increase a child's risk for autism. Ascetamnifin is the primary
active ingredient in thailanol. Now, despite that study's findings, larger
(02:18):
studies found no link. The US Supreme Court is backing
the Trump administration's aggressive immigration enforcement efforts. Federal immigration agents
in Los Angeles will be allowed to resume tactics that
critics say amount to racial profiling. Here is La Mayor
Karen Bass.
Speaker 4 (02:37):
We know that this is simply un American, but as
enraging as the news is for Minny Angelinos and people
across the country, let me make this very clear for
the press and to our country that we will not
allow the Supreme Court or anyone to divide us.
Speaker 1 (02:57):
Karen Bass there, she is the mayor of Los Angeles. Incidentally,
the Supreme Court's decision will apply while the legal fight
does continue. Two of the biggest conglomerates in South Korea
are rushing to contain fallout from a sweeping US immigration
raid at a joint Hondai LG battery plant in Georgia.
The raid sparked concerns over billions of dollars in South
(03:20):
Korean planned investments. Homeland Security Secretary Christie Nomes spoke earlier
to reporters.
Speaker 3 (03:25):
I think President Trump's message was powerful. His message today
that he sent to the world was listen, our laws
will be enforced, and we're encouraging all companies who want
to come to the United States and help us our
economy and employ people, that we encourage them to employ
US citizens and to bring people to our country that
want to follow our laws and work here the right way.
Speaker 1 (03:48):
That is DHS Secretary Christie Nome. Now, a media outlet
in South Korea is reporting that LG has tentatively decided
to postpone the start of its EV battery plant with
Hondai Georgia. Hondai is also banned all US trips by
its staff in the wake of last week's raid. And
that is news when you want it with Bloomberg News Now,
(04:09):
I'm Doug Krisner. This is Bloomberg
News when you want it with Bloomberg News Now, I'm
Doug Prisner. Rupert Murdoch's family has reached a deal over
a trust with controlling interest in Foxcorp. And News Corp.
And this will put Lachlan Murdoch, his father's chosen heir,
in charge of the family empire. Now in a statement,
Lachlan's three older siblings, Prudence, Elizabeth, and James will cease
(00:22):
to be beneficiaries of that trust. Instead, they'll receive about
one point four billion dollars. The Federal Communications Commission has
lifted a regulatory cloud hanging over EchoStar. This announcement comes
after SpaceX agreed to acquire wireless spectrum from Ecostar at
a price of about seventeen billion dollars. Now SpaceX owns
the Starlink satellite Internet network. Here is John Butler, senior
(00:46):
telecom analyst for Bloomberg Intelligence.
Speaker 2 (00:48):
So for EchoStar, it's a very good deal as well.
They have really struggled to get their wireless service off
the ground. They've been building this five to wireless network
and have a relatively week prepaid brand called Boost, and
they've really struggled there. So this brings in much needed
funds for them to pay down debt.
Speaker 1 (01:08):
That is, Bloomberg's John Butler Now shares and Echo Star
were up twenty percent in New York Trading shares and
the drugmaker ken View We're down one percent on Monday,
that after a nine percent decline in the Friday session.
This follows a report in the Wall Street Journal of
that Health and Human Services Secretary Robert F. Kennedy Junior
is likely to link the company's tail and All painkiller
(01:31):
to autism. Now, FDA Commissioner Marty McCarey said the federal
government has not yet started writing a report on possible
causes for autism, but speaking on Monday to Bloomberg, McCarry
reaffirmed a long standing promise that it will be released
within a month.
Speaker 2 (01:47):
We're looking at everything, and talin All is not the
central piece of the report, but we are looking at
every piece.
Speaker 3 (01:52):
We didn't put out there that talen All causes autism.
We're reviewing the data. We haven't started the report yet.
Speaker 1 (01:57):
That is, FDA Commissioner Marty McCarey, speaking earlier to Bloomberg.
Now was back in twenty nineteen when researchers at Johns
Hopkins found in utero exposure to asset of meenifin may
increase a child's risk for autism. Ascetamnifin is the primary
active ingredient in thailanol. Now, despite that study's findings, larger
(02:18):
studies found no link. The US Supreme Court is backing
the Trump administration's aggressive immigration enforcement efforts. Federal immigration agents
in Los Angeles will be allowed to resume tactics that
critics say amount to racial profiling. Here is La Mayor
Karen Bass.
Speaker 4 (02:37):
We know that this is simply un American, but as
enraging as the news is for Minny Angelinos and people
across the country, let me make this very clear for
the press and to our country that we will not
allow the Supreme Court or anyone to divide us.
Speaker 1 (02:57):
Karen Bass there, she is the mayor of Los Angeles. Incidentally,
the Supreme Court's decision will apply while the legal fight
does continue. Two of the biggest conglomerates in South Korea
are rushing to contain fallout from a sweeping US immigration
raid at a joint Hondai LG battery plant in Georgia.
The raid sparked concerns over billions of dollars in South
(03:20):
Korean planned investments. Homeland Security Secretary Christie Nomes spoke earlier
to reporters.
Speaker 3 (03:25):
I think President Trump's message was powerful. His message today
that he sent to the world was listen, our laws
will be enforced, and we're encouraging all companies who want
to come to the United States and help us our
economy and employ people, that we encourage them to employ
US citizens and to bring people to our country that
want to follow our laws and work here the right way.
Speaker 1 (03:48):
That is DHS Secretary Christie Nome. Now, a media outlet
in South Korea is reporting that LG has tentatively decided
to postpone the start of its EV battery plant with
Hondai Georgia. Hondai is also banned all US trips by
its staff in the wake of last week's raid. And
that is news when you want it with Bloomberg News Now,
(04:09):
I'm Doug Krisner. This is Bloomberg
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