Chapter 1: What recent agreements have been made to avert a government shutdown?
The UK stands apart as a place to do business, not because of one advantage, but many working together. Over Ā£10 trillion in capital, four of the world's top universities, a 10-year industrial strategy in action, its stability with dynamism, global reach with local depth. It all adds up to greater growth. Find out more at business.gov.uk slash growth.
News when you want it. With Bloomberg News Now, I'm Doug Krisner. President Trump and Senate Democrats have reached a tentative deal to avert a government shutdown. The White House has been negotiating with Democrats to place new limits on immigration raids that have provoked a national outcry.
Now, a Democratic aide has told us this deal would fund the Homeland Security Department for two weeks as a way of allowing time for continued negotiations. Meantime, Democratic and Republican leaders in the Senate are sounding out their members on this agreement. President Trump is urging both parties to vote for it.
SpaceX is considering a potential merger with Tesla or an alternative combination with the firm XAI, another Elon Musk company. We are told any transaction could attract interest from infrastructure funds and Middle Eastern sovereign investors. Here is Bloomberg's Ed Ludlow.
My understanding is that there is a group of investors that are pushing very much on the Tesla idea, but nothing is final. As we all know, the background context is that SpaceX is making preparations for an IPO at some point in the middle of this year.
That is Bloomberg's Ed Ludlow. Meantime, OpenAI is reportedly laying the groundwork for an IPO in the fourth quarter. The Wall Street Journal reports the company is accelerating plans as competition with its rival Anthropic intensifies. OpenAI is holding informal talks with Wall Street banks about a potential public listing. After the bell, Apple reported record sales for the holiday period.
We have more from Bloomberg's Charlie Pellett.
It was driven by strong demand for the iPhone 17, growth in services, and a rebound in China. Revenue jumped 16% to $143.8 billion in the quarter, ending December 27th, setting a record. But Walter Peisic, a partner at LightShed Partners, says there are questions about Tim Cook's AI strategy.
Let's hope that Cook, with his deputies, can execute on this new strategy with Google under the current administration where there's very limitations. They should have all the opportunities in the world to be able to do that.
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Chapter 2: What potential merger is SpaceX considering with Tesla?
With Bloomberg News Now, I'm Doug Krisner, and this is Bloomberg.
As a place to do business, the UK stands apart. Not because of a single advantage, but a uniquely powerful combination of many. As one of the world's leading financial centres, the UK puts over Ā£10 trillion to work every day, fuelling innovation across every sector. Home to four of the world's top universities, it provides exceptional talent and breakthrough research.
This sits alongside a clear 10-year industrial strategy, unlocking smarter regulation and making it faster and easier to operate. Stability with dynamism. Global connectivity with local depth. It all adds up to greater growth. Visit business.gov.uk slash growth.