Caroline Hepker

And from London, I'm looking at what all that means for markets, money and the wider economy.

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Well, the European Union's top diplomat, Kaya Callas, rejected the picture of the bloc's decline painted by the Trump administration.

Callas noted that press freedom is greater in the EU than in the US, and she talked about European enlargement.

Callas added that the EU can work with the US even if they don't see, quote, eye to eye.

Callas is among top European officials who have started talking about a European nuclear strategy as the continent considers defence autonomy from the United States.

Now on to deals news.

Warner Brothers is considering reopening sale talks with Paramount Skydance after receiving its amended offer.

Bloomberg understands that members of the Hollywood Studios board are discussing whether Paramount could offer a path to a superior deal.

It's a move that could ignite a second bidding war with Netflix, according to those familiar with the firm's thinking.

Bloomberg's Tony Tuchka says the situation is evidence of Paramount's confidence amidst the battle.

Our Washington-based editor, Tony Chichka, speaking after the latest office submission.

Sources tell Bloomberg the board hasn't decided how to respond and still has a binding agreement with Netflix.

Paramount's amended terms address several concerns, including a promise to cover the $2.8 billion fee owed to Netflix if Warner Brothers terminates their agreement as well.

to the Winter Olympics now in Italy, where Team GB took their record gold medal tally to three over the weekend.

Matt Weston followed up his success in the men's skeleton by taking the mixed team title alongside Tabby Stoker.

Charlotte Banks and Hugh Nightingale also combined to claim victory in the mixed team snowboard cross.

Danny Chambers is Nightingale's former coach.