Stephen Carroll

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.

and Iranian officials have agreed to more nuclear talks as soon as next week after the latest round of discussions in Geneva.

With just days to go before U.S.

President Donald Trump's deadline to reach an agreement, Bloomberg understands that American negotiators have been disappointed with progress so far.

However, Iran's foreign minister, Abbas Araghchi, told state TV the meetings showed good progress.

The U.S.

and Iran have faced deadlock over Tehran's nuclear activity.

with the US building military forces in the region and Iran refusing to allow its highly enriched uranium to be moved out of the country.

Shares in Corweave are down nearly 10% in pre-market trading on Wall Street after they reported a bigger-than-expected loss and increased capital expenditure that alarmed investors.

The AI data centre operator reported its losses had widened to 89 cents a share in the fourth quarter.