Stephen Carroll

I'm in Brussels, where many of Europe's biggest decisions get made.

We're up early every weekday, keeping an eye on what's happening across Europe and around the world.

From Brussels, I'm following the politics, policy and the people shaping the European Union right now.

We've got reporters across Europe and around the globe feeding in as stories break.

It's smart, calm and to the point.

You can find new episodes of the Bloomberg Daybreak Europe podcast by 7am in Dublin or 8am in Brussels, Berlin and Paris on Apple, Spotify, YouTube or wherever you get your podcasts.

Hello, I'm Stephen Carroll.

I'm in Brussels, where many of Europe's biggest decisions get made.

We're up early every weekday, keeping an eye on what's happening across Europe and around the world.

From Brussels, I'm following the politics, policy and the people shaping the European Union right now.

We've got reporters across Europe and around the globe feeding in as stories break.

It's smart, calm and to the point.

You can find new episodes of the Bloomberg Daybreak Europe podcast by 7am in Dublin or 8am in Brussels, Berlin and Paris on Apple, Spotify, YouTube or wherever you get your podcasts.

And I'm Stephen Carroll.

Netflix has dropped out of the fight to buy Warner Brothers Discovery, clearing the way for rival bidder Paramount to clinch a $111 billion deal.

The streaming giant says while its offer would have passed muster with regulators and created shareholder value, it didn't want to keep bidding.

Bloomberg's Lucas Shaw says ultimately it came down to money.

Shaw adds that the takeover fight has been contentious in Hollywood and in Washington.

After Warner Brothers accepted Netflix's offer in December, Paramount launched a multi-pronged campaign for its rival bid, offering more money and lobbying President Donald Trump.

U.S.