Dan Schwartzman

Precious metals have rallied sharply this year, with many analysts expecting the gains to continue, citing geopolitical risks and uncertainty undermining growth prospects and trust in the U.S.

dollar.

Spot gold traded near $4,670 an ounce, while silver surged as much as 4.4%.

The Supreme Court agreed to review Bayer's challenge to a $1.25 million Missouri jury verdict over claims a company failed to warn that Roundup weed killer could cause cancer.

The pharmaceutical giant is hoping a favorable Supreme Court ruling would help knock out thousands of similar failure-to-warn cases.

Bayer's stock rose by as much as 7.5 percent in early trading on the news.

Micron Technologies says an ongoing memory chip shortage has accelerated over the past quarter

It will last beyond this year due to a surge in demand for high-end semiconductors required for artificial intelligence infrastructure.

According to Micron's executive vice president of operations, the shortage of high-bandwidth memory is leaving a big shortage for the conventional side of the industry, which includes phones and PCs.

The company is expanding its manufacturing capacity in the U.S.

and Asia to address the shortage, including a $100 billion production site in upstate New York.

Cryptos fell sharply as risk assets slipped and haven demand strengthened after President Trump proposed new levies on eight European countries for their support of Greenland.

Bitcoin slid by as much as 3.6 percent to below $92,000, while other tokens posted steeper losses, with the sell-off knocking about $100 billion off the crypto market's total value.

Bitcoin had risen back up to just shy of $98,000 on January 14th before the latest drop.

The Los Angeles Rams will face the Seattle Seahawks in the NFC Championship game next weekend after beating the Bears in Chicago 20-17 on a 42-yard field goal in overtime.

In the AFC, the Patriots and the Broncos will battle for the right to go to the Super Bowl.

College football's national championship game is tonight at Hard Rock Stadium in Miami as the Indiana Hoosiers face the Miami Hurricanes.

Kickoff is scheduled for 7.30 Eastern time.

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

I'm Dan Schwartzman and this is Bloomberg.