Nathan Hager

The Supreme Court has agreed to hear an appeal from ExxonMobil and Suncor Energy in an industry bid to stop dozens of city and state lawsuits that blame oil companies for climate change.

The justices have agreed to review a ruling from the Colorado Supreme Court that said the city and county of Boulder could use state law to press a lawsuit against those two major oil companies.

Back to the markets now.

Fed Governor Chris Waller says tariffs won't play a role in whether he'd support another interest rate cut next month, but the labor market will.

He says he's waiting for another round of data on jobs and inflation.

Fed Governor Chris Waller spoke at a National Association of Business Economics meeting in Washington.

The Fed's next rate decision is coming up on March 18th.

Among the biggest stock movers at the open this morning, Nova Nordisk shares traded in the U.S.

are lower by nearly 15%.

Its next-generation weight-loss drug, Kagrosima, came up short against Eli Lilly's existing Zep-bound drug.

Lilly's shares are higher by nearly 3%.

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

I'm Nathan Hager.

This is Bloomberg.

Right now, ICE has detainees in more than 200 facilities, most of them owned by private prison giants like GeoGroup and CoreCivic.

But the agency now plans to shift to a network of 34 larger sites, mostly industrial warehouses, all owned by the Department of Homeland Security.

The move would be a major expansion of immigrant detention.

It could also be a blow to the prison industry.

Both Geo and CoreCivic get close to half their revenue from ICE contracts.

In Washington, I'm Nathan Hager, Bloomberg Radio.