Ground Stop at NY-Area Airports, Paramount Settles Merger Lawsuit, More
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What caused the ground stop at New York‑area airports today?
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News when you want it with Bloomberg News Now, I'm Amy Morris. Flights to all major New York area airports, including Newark, JFK, and LaGuardia, were stopped because of a circuit failure in part of an old telecommunication system in the Philadelphia Air Traffic Control Center.
uh Verizon circuits that's part of our obsolescence replacement plan. Unfortunately that circuit failed today and when it went to flip into the backup We discovered that the backup fiber had a break.
While Bedford says the primary system should be back up and running soon if it isn't already, the backup system may take up to thirteen hours to repair.
And flight paths to help controllers guide takeoffs and landings more efficiently at congested airports, starting in the Washington DC area.
How long is the backup fiber expected to be down after the circuit failure?
You're gonna be on the airfield much faster, your airlines gonna use less fuel. We are not outsourcing aviation to AI, but we're using predictive tools to help humans better manage the airspace.
Transportation Secretary Sean Duffy. Paramount's Guidance has reached a settlement with California and other states, suing to block its proposed acquisition of Warner Brothers Discovery. They've also settled the Riders Guild lawsuit in a settlement that includes worker protections.
With today's settlement, Paramount is required to move production back to the United States by spending, as a floor, at least $300 million more each year in domestic production, in jobs, in economic activity, and productions right here in this country and including of course in this state.
California Attorney General Rob Benita, one of the attorneys general who sued to stop that merger, shares of Paramount Skydance now four percent higher and Warner Brothers Discovery shares now eleven percent higher. Advanced micro devices shares are gaining, putting that company on track to close above a trillion dollars in market value for the first time. Shares of other semiconductor firms also climbed on renewed optimism for chipmakers necessary to power AI. AMD shares more than 8% higher, the Philadelphia Semiconductor Index more than 3.5% higher, led by Intel, which has jumped more than 12%. OpenAI and Anthropic have reportedly discussed a legally binding deal to stress test each other's models.
What are the key terms of Paramount’s settlement over the Warner Brothers merger lawsuit?
The information reports the agreement stipulates each company would gain access to the other's application programming interface. For commercially available AI models, not unreleased ones, and that neither company can retain each other's data in the process. In a social media post, President Trump says the U.S. will be careful with AI and will rein things in if needed. He also reiterates that he thinks current law enforcement bodies, including the Department of Justice, are enough for AI policing. Stocks and bonds started the week on a positive note. markets for you all day long here at Bloomberg. The S P five hundred is up one point four percent, NASDAQ up two point one percent, the Dow up about six tenths of a percent.
The Russell 2000 index up about a half percent. The 10-year Treasury yield at 4.96%. The two-year yield at 4.78%.
Why are AMD, Intel and other chipmakers seeing double‑digit stock gains this week?
Crude Oil Now about 4% higher. WTI topping $95 a barrel, and Brent Crude just topping $100 a barrel. CNN, MS Now, and Politico have filed a lawsuit over being denied White House access. This morning, CNN was removed from its pool duties. So now the White House television press pool, including NBC, ABC, CBS, and Fox, which all cover President Trump on a rotating basis, will stop covering his events. This as President Trump is headed to New York for the U.N. General Assembly this week. This morning, the president posted on social media that he's not waging an assault on the free press but on what he calls fake news.
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Chapters
6 chapters
1
What caused the ground stop at New York‑area airports today?
0:00–1:25
2
How long is the backup fiber expected to be down after the circuit failure?
1:25–2:57
3
What are the key terms of Paramount’s settlement over the Warner Brothers merger lawsuit?
2:57–3:48
4
Why are AMD, Intel and other chipmakers seeing double‑digit stock gains this week?
3:48–4:49
5
What legal agreement are OpenAI and Anthropic discussing to stress‑test each other’s models?
4:49–5:41
6
How are U.S. and Chinese officials preparing for the upcoming Trump‑Xi summit?
5:41–6:53
Speakers
6 identifiedMore from Bloomberg News Now
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