Dan Schwartzman

Netflix, which is considered Warner Bros.'

preferred bidder, has granted the board seven days to consider Paramount's proposal, which includes raising its offer to at least $31 a share, $1 higher than its previous offer.

Warner Bros.

said the board still unanimously recommends shareholders vote in favor of its binding agreement to sell its namesake studios and HBO Max streaming business to Netflix for $27.75 a share, or $72 billion in total.

Apple is speeding up development of three new wearable devices as part of its shift toward artificial intelligence-powered hardware, a category also being pursued by OpenAI and Meta Platforms.

The company is ramping up work on smart glasses as well as a pendant that can be pinned to a shirt or worn as a necklace and AirPods with expanded AI capabilities.

That's according to people with knowledge of the plans.

All three devices are being built around the Siri digital assistant, which will rely on visual context to carry out actions.

Ford Motor is gearing up for next year's debut of a budget-priced electric vehicle line to contend with China with a starting price of $30,000, about $20,000 cheaper than the average new car in the U.S.,

Ford has engineered its new generation EV to be lighter, sleeker, and more electrically efficient, with a driving range extended by around 50 miles.

Ford is making the move despite taking $19.5 billion in charges tied to a sweeping overhaul of its EV business after struggling for years to make it profitable.

A federal judge ruling that Immigration and Customs Enforcement cannot redetain Kilmar Abrego-Garcia because a 90-day detention period has already expired, as well as the government not having a viable plan for deporting him.

Abrego Garcia was mistakenly deported back to El Salvador last year, becoming a focal point on immigration issues.

The government has been attempting to deport him to an African country.

New York City Mayor Zoran Mamdani threatening to raise the city's property taxes by as much as 9.5 percent, while also raiding the city's reserve fund in an effort to fill a $5 billion budget gap.

The hike would affect more than 3 million residential and more than 100,000 commercial units.

We checked the markets all day long here at Bloomberg.

The Dow finished up a tenth of a percent, as did both the S&P 500 and the Nasdaq.

The yield on the 10-year is currently at 4.049, while the 2-year is at 3.43.

Gold futures have dropped below $4,900 an ounce amid weaker Asian demand, while Bitcoin is trading at under $68,000.