Dan Schwartzman

News when you want it with Bloomberg News Now.

I'm Dan Schwartzman.

President Trump announced the first Japanese investments under the new trade deal agreed to last year.

The debut projects of a $550 billion investment fund will go toward an Ohio gas power plant, a critical mineral site in Georgia, and a liquefied natural gas facility in Texas.

The choices were made after a joint panel first met in December to consider projects, which were ultimately selected by the president himself, based on recommendations from an investment committee he established, along with input from Japanese officials.

Trump and new Japanese Prime Minister Sanae Takeuchi are set to meet on March 19th in Washington.

In a social media post, Trump said the projects, quote, could not be done without one very special word, tariffs.

Paramount Skydance says it is prepared to, quote, engage in good faith and constructive discussions, unquote, with Warner Brothers' discovery regarding its new merger proposal, which raises its bid and sweetens other terms of its offer.

Paramount reiterated its deal provided higher value and a more expeditious and certain path to closing a deal.

Netflix, which is considered Warner Brothers' preferred bidder, has granted the board seven days to consider Paramount's proposal, which includes raising its offer to $31 a share, a dollar higher than its previous offer.

Netflix's proposal is for the namesake studios and HBO Max streaming business for $27.75 a share, or $72 billion total.

Federal Reserve Bank of San Francisco President Mary Daly said, policymakers must be open to signs that artificial intelligence will have an impact on the U.S.

economy.

Daly was speaking at an event hosted by the Silicon Valley Leadership Group in San Jose, California.

That's San Francisco Fed President Mary Daly.

Fed officials are trying to assess how much of an impact AI will have on the economy and on productivity growth.

President Trump's nominee to be the next Fed chair, Kevin Walsh, has argued that AI is transforming the economy and that the central bank needs to acknowledge it.

The U.S.

and Iran made progress in nuclear talks in Geneva, with Iran saying it has reached a, quote, general agreement with the U.S.

on the basis of a potential deal that would lift sanctions on Tehran.