Charles Capel

I'm Charles Capel.

Netflix has dropped out of the fight to buy Warner Brothers Discovery, clearing the way for rival bidder Paramount to clinch a $111 billion deal.

The streaming giant says while his offer would have passed muster with the regulators and created shareholder value, it didn't want to keep bidding.

Bloomberg's Lucas Shaw says ultimately it came down to money.

Shaw adds that the takeover fight has been contentious in Hollywood and in Washington.

After Warner Brothers accepted Netflix's offer in December, Paramount launched a multi-prong campaign for its rival bid, offering more money and lobbying President Donald Trump.

Anthropic has rejected the Pentagon's latest offer in a dispute over the use of its technology by US military.

The move escalates the standoff just one day before a government deadline for the company to drop its conditions.

CEO Dario Amadei said the firm cannot in good conscience accept the Defense Department's demands.

Arshi Siddiqui, a democratic strategist and CEO of Bellwether Government Affairs, says the situation is unprecedented.

CEO of Bellwether Government Affairs, Arshi Siddiqui, speaking there, Anthropic is insisting on two conditions for military use of its clawed AI tools, that the technology won't be used to monitor US citizens or for lethal drone strikes without a human in the loop.

If Anthropic fails to drop its conditions, the Defense Department has threatened to declare the company a supply chain risk, a move that would preclude it from working with other defense contractors.

Hillary Clinton has denied any association with convicted sex offender Jeffrey Epstein under questioning from congressional investigators.

The former U.S.

Secretary of State and presidential candidate spoke to reporters after giving an hours-long deposition.

Hillary Clinton also maintained that her husband, former President Bill Clinton, knew nothing about Epstein's crimes and described his associate Ghislaine Maxwell as a casual acquaintance.

House Democrats are demanding that President Donald Trump also testifies to congressional investigators on his ties to Epstein.

Trump and both Clintons have denied any knowledge of Epstein's criminal activities.

That's News When You Want It with Bloomberg News Now.

I'm Charles Capel.