Erica Herskowitz

According to Spain's transport minister, at least 39 people have been killed and 159 injured in a high speed train collision in southern Spain.

It happened last night when the tail end of a train carrying 289 passengers between Malaga and Madrid went off the rails and slammed into an incoming train with nearly 200 aboard.

The front carriage of that train plummeted down a steep slope, killing many of those on board.

Prime Minister Pedro Sanchez canceled his trip to Davos and declared three days of mourning.

Russian President Vladimir Putin's spokesman Dmitry Peskov says that Putin, quote, received through diplomatic channels, unquote, an invitation to join President Trump's Board of Peace for the reconstruction of Gaza.

Peskov says the Kremlin is reviewing the invitation and looking to get more details from the U.S.

Japanese Prime Minister Sanae Takeuchi has officially called an early election and promised a temporary sales tax cut on food if she wins a fresh mandate for her new coalition.

Takeuchi's government bond yields jumped as reports of the tax cut proposal renewed concerns about her stance on fiscal policy, with some food-related stocks rising on bets that lower levies would spur demand.

The prime minister is betting that her high personal approval ratings will give her a national mandate to pursue expansionary fiscal policies, including the sales tax cut, which economists say will cost around 5 trillion yen per year.

Bayer shares surged after the U.S.

Supreme Court said it would hear the company's appeal in a roundup case that could undercut thousands of lawsuits tied to the weed killer.

The high court agreed Friday to review Bayer's challenge to the $1.25 million Missouri jury verdict over claims the German company failed to warn that Roundup could cause cancer.

Bayer, which insists the weed killer is safe and argues the claims were preempted by federal law, hopes a favorable Supreme Court ruling would help knock out thousands of similar fail-to-warn cases.

Bills head coach Sean McDermott is out of a job after nine seasons of falling short of reaching the Super Bowl.

He was fired today.

The move comes just two days after the Bills were eliminated in a heart-wrenching 33-30 overtime loss at Denver in the divisional round of the playoffs.

national title is up for grabs in South Beach tonight where top-seeded and undefeated Indiana will be taking on 10th-seeded Miami at Hard Rock Stadium.

Kickoff is set for 6.30 Eastern.

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

I'm Erica Herskowitz and this is Bloomberg.