Chapter 1: What is the main topic discussed in this episode?
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. Today, members of Congress were allowed to review unredacted files on Jeffrey Epstein. Some key lawmakers are now pushing for more information on the sex trafficking probe of Epstein, and they're raising the prospect of new criminal prosecutions.
Republican Thomas Massey and Democrat Ro Khanna said they believe there are six men whose names have not been revealed who could face criminal charges. Massey said he is willing to give the DOJ more time to make their names public.
I mean, what we're after is the men who Jeffrey Epstein trafficked women to. We want those names published. We're not out to embarrass people. And the problem is we went in there hoping to see that in 302 forms. What we found out is those 302 forms were redacted before they got to the DOJ.
That is Kentucky Republican Congressman Thomas Massey. Earlier in the day, Ghislaine Maxwell, the convicted accomplice of Epstein, refused to answer any questions from a House panel investigating his activities. She asserted her Fifth Amendment rights. Now, the fallout from the release of the Epstein files is spreading overseas. UK Prime Minister Keir Starmer is facing a call to resign.
Starmer had been advised to appoint Peter Mandelson as ambassador to the US. Later, it was revealed Mandelson had ties to Epstein. Over the weekend, Starmer's Chief of Staff Morgan McSweeney quit, saying he took full responsibility for recommending Mandelson. But today, several of Starmer's cabinet members voiced support for their prime minister.
Alphabet is going global to finance its ambitions on artificial intelligence. The company is raising $20 billion from a U.S. dollar bond offering. This was more than five times oversubscribed. Alphabet is also pitching what would be the first ever offerings in Switzerland and the UK. Here is Bloomberg's Caroline Hyde.
They're tapping the Swiss market and the sterling market. In fact, they're looking to sell a really rare 100-year sterling bond as well.
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Chapter 2: What new developments have emerged from the Jeffrey Epstein files review?
So Alphabet is out there across every type of part of the debt market.
That is Bloomberg's Caroline Hyde. Now, the four largest U.S. tech companies are planning to spend a total of $650 billion this year on building out AI infrastructure. President Trump said his pick to lead the Fed, Kevin Warsh, can get the American economy to grow at a rate of 15%. Here is Trump speaking earlier to Fox Business.
If our new head of the Fed, who I think is going to be great, and he's a really high-quality person, but if he does the job that he's capable, we can grow at 15%, I think more than that.
President Trump speaking earlier to Fox Business, he went on to say that during the search for a new Fed chairman, he wanted a candidate who would lower interest rates. Trump also said he would not have picked Warsh if he advocated raising rates.
Novo Nordisk is suing Hims and Hers Health for making knockoffs of Novo's obesity medicines, even though Hims already scrapped plans to sell a copycat version of Novo's Wagovi pill. Here is Bloomberg's Madison Muller.
Novo is suing on the grounds of patent infringement, which is something we haven't seen before. Novo and Lilly have both filed lawsuits against compounding pharmacies, telehealth companies, med spas that are selling these knockoff versions of the drugs, but they haven't gone after anyone for patent infringement yet.
So this is actually the drug semaglutide, which is the active ingredient in both Ozempic and Wagovi.
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Chapter 3: What implications do the Epstein files have for lawmakers and potential prosecutions?
Novo is saying that HIMS is violating that patent in the United States.
That is Bloomberg's Madison Muller. Wall Street is looking ahead to Wednesday's jobs report. We have a preview from Bloomberg's Charlie Pellett.
Typically, this report does come out on a Friday, but it was delayed because of the government shutdown. Michelle Meyer is chief economist at MasterCard International.
Extremely important would be looking at wages, the trend in terms of purchasing power, which informs overall consumer spending.
The jobless rate has seen holding steady at 4.4%, and Bloomberg Intelligence says technical adjustments to the BLS's birth and death model will make the January jobs report tricky to decipher, but they are expecting hiring in the $0 to $30K range. In New York, Charlie Pellett, Bloomberg Radio.
We're keeping track of the medal count at the Winter Olympic Games. Italy leads with nine, Japan has seven, and Norway with six. And that is news when you want it. 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.
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