Amy Morris

The Danish drugmaker set a monthly price of $675 across the board for its semaglutide family of medicines, a cut of as much as 50%.

Shares of Novo Nordisk now 3% lower.

Warner Bros.

Discovery, now considering a new takeover bid from Paramount Skydance, reported to be higher than the previous offer.

If the board decides it is superior to the bid from Netflix, then Netflix has four days to make a counteroffer.

So the Netflix deal does remain in effect, Warner Bros.

still recommends it, and has told investors not to take any action at this time.

Shares of Paramount are little changed, shares of Warner Bros.

up less than 1%, and Netflix shares are up more than 1%.

President Trump is preparing to go to Capitol Hill tonight to deliver the State of the Union address.

He said it could be a long speech because, quote, we have so much to talk about.

Press Secretary Caroline Leavitt, speaking at the White House this morning, says that includes the economy.

Speaker Mike Johnson was asked what he expects from the State of the Union and whether that would include tariffs.

Our coverage of the State of the Union address and the Democratic response from Virginia Governor Abigail Spanberger begins tonight at 8 Wall Street time on a special edition of Balance of Power with Joe Matthew and Kayleigh Lyons.

Catch it on Bloomberg Radio and Television and at Bloomberg.com slash videos.

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

I'm Amy Morris and this is Bloomberg.

President Trump's second year in office is struggling with erratic messaging, policy reversals, and sinking poll numbers.

Former Republican Congressman Patrick McHenry of North Carolina, now a Bloomberg News contributor, tells Bloomberg Daybreak there's plenty for the president to talk about.

And while the president's economic agenda was thrown into chaos after the Supreme Court struck down his preferred method of imposing global tariffs, he's expected to continue to promote levies in the State of the Union.