Amy Morris

That's news when you want it with Bloomberg News Now.

News when you want it with Bloomberg News Now, I'm Amy Morris.

UK police have arrested former UK ambassador to the US, Peter Mandelson, on suspicion of misconduct in public office.

The arrest follows the release of emails allegedly showing Mandelson disclosed market-sensitive information to Jeffrey Epstein while serving as a UK government minister.

A lawyer for Mandelson declined to comment.

A powerful winter storm has buried New York City in one of its 10 snowiest days ever.

While the snowfall is backing off some inland areas, the coastal region is still getting slammed.

Bloomberg meteorologist Rob Carolin says this is a classic nor'easter, but it's more intense, bringing ferocious winds.

Bloomberg meteorologist Rob Carolin says this nor'easter is expected to continue in New York through this afternoon before tapering off.

Another six inches of snow is possible before 8 o'clock tonight.

The Supreme Court's decision to toss President Trump's reciprocal tariffs is creating more confusion with global trade deals.

Chairman of the House Ways and Means Committee Jason Smith tells Bloomberg Americans should not expect any tariff refunds.

And now the European Union is poised to freeze the ratification process of its agreement with Washington.

Other economies like the U.K.

and Australia are facing higher levies than negotiated.

Bloomberg Intelligence Senior Analyst Nathan Deans.

And Bank of Montreal CEO Daryl White says the markets should not have been surprised by this.

But lingering tariff uncertainty along with anxiety over the impact of AI is affecting risk appetites.

We check the markets for you all day long at Bloomberg.

The S&P 500 is down 1 percent.