Amy Morris

Consumer confidence remains subdued compared to recent years as consumers stay cautious about their job prospects and inflation.

Unilever has agreed to combine its food business with spice maker McCormick in a $44.8 billion deal that will create global seasoning, sauces and condiments company.

The combined company will have a revenue of about $20 billion.

Bloomberg Intelligence Senior Equity Analyst Diana Gomes says the merger makes sense.

Unilever shares now more than 7% lower and McCormick shares are more than 6% lower.

NVIDIA says it's invested $2 billion in Marvell technology.

part of an agreement to collaborate on silicon photronics to make AI services more affordable.

Shares of NVIDIA gained 5%, shares of Marvell jumped 13%.

A federal judge has agreed to permanently block the Trump administration from implementing a presidential directive that would end federal funding for National Public Radio and the Public Broadcasting Service.

U.S.

District Judge Randolph Moss in Washington ruled that President Trump's executive order to cease funding for NPR and PBS is unlawful and unenforceable.

The judge says the First Amendment right to free speech, quote, does not tolerate viewpoint, discrimination and retaliation of this type.

Last year, Trump said at a news conference that he would love to defund NPR and PBS because he believes they're biased in favor of Democrats.

NPR claims the Republican president wants to punish it for the content of its journalism.

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

I'm Amy Morris.

This is Bloomberg.

News when you want it with Bloomberg News.

Now, I'm Amy Morris.

Iran's state media is reporting Iran's president says he's ready to end the war with the U.S.