Dan Schwartzman

He says the law must take its course and the authorities will have the royal family's full support and cooperation.

And in an interview on Bloomberg TV on Thursday, co-chief executive officer of Netflix Ted Sarandos gave more details into the bidding war for Warner Brothers' Discovery with Paramount Skydance, owned by the Ellison family, who claim they can close a sale faster than Netflix.

Sarandos also says Netflix bid to acquire Warner Brothers will lead to more films being released in theaters, something that Hollywood has been complaining about.

Federal Reserve Bank of Minneapolis President Neil Kashkari says recent comments by National Economic Council Director Kevin Hassett, which were critical of a New York Fed study on tariffs, undermines the central bank's independence.

Kashkari says the comments were, quote, just another step to try to compromise the Fed's independence.

Hassett had called this study, which showed U.S.

companies were bearing most of the burden from President Trump's tariff hikes, an embarrassment.

Despite all those tariffs, the U.S.

trade deficit widened in December to $70.3 billion, resulting in a full-year deficit of just over $900 billion, one of the largest in data back to 1960.

The trade data was notably volatile in 2025 due to persistent tariff announcements from President Trump.

Gold and pharmaceutical imports were particularly choppy as companies raced to beat higher duties.

Bloomberg's Michael McKee on what this could mean for tomorrow's GDP numbers.

That's Bloomberg's Michael McKee.

We get those numbers in the morning at 8.30 Wall Street time.

Amazon officially dethroning Walmart as the biggest global company by revenue.

The e-commerce giant reported 2,025 sales of $717 billion, while Walmart reported sales of $713.2 billion.

Amazon's growth rests largely on the importance of its cloud computing business, Amazon Web Services, which contributed to its revenue dominance.

Amazon's revenue has increased at almost 10 times the pace of Walmart's, fueled by a shift in consumer spending from stores to websites, as well as the cloud computing business.

Johnson & Johnson is preparing a potential sale of its orthopedics unit, with big buyout firms already circling.

The unit could be valued at more than $20 billion in a sale and could also draw interest from rival medical device players.