Japan Makes Big US Investments, Paramount/Warner Bros. News, More
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News when you want it with Bloomberg News Now. I'm Dan Schwartzman. President Trump announced the first Japanese investments under the new trade deal agreed to last year. The debut projects of a $550 billion investment fund will go toward an Ohio gas power plant, a critical mineral site in Georgia, and a liquefied natural gas facility in Texas. The choices were made after a joint panel first met in December to consider projects, which were ultimately selected by the president himself, based on recommendations from an investment committee he established, along with input from Japanese officials. Trump and new Japanese Prime Minister Sanae Takeuchi are set to meet on March 19th in Washington. In a social media post, Trump said the projects, quote, could not be done without one very special word, tariffs.
Paramount Skydance says it is prepared to, quote, engage in good faith and constructive discussions, unquote, with Warner Brothers' discovery regarding its new merger proposal, which raises its bid and sweetens other terms of its offer. Paramount reiterated its deal provided higher value and a more expeditious and certain path to closing a deal. Netflix, which is considered Warner Brothers' preferred bidder, has granted the board seven days to consider Paramount's proposal, which includes raising its offer to $31 a share, a dollar higher than its previous offer. Netflix's proposal is for the namesake studios and HBO Max streaming business for $27.75 a share, or $72 billion total. Federal Reserve Bank of San Francisco President Mary Daly said, policymakers must be open to signs that artificial intelligence will have an impact on the U.S.
economy. Daly was speaking at an event hosted by the Silicon Valley Leadership Group in San Jose, California.
And the question is, is When we finish this part, which I think we've been in, of using it for cost management and just getting your budgets right, is it going to start to change into revenue generation, et cetera? We're seeing the seeds of that, using it for product development, et cetera. But that's the uncertainty around this.
That's San Francisco Fed President Mary Daly. Fed officials are trying to assess how much of an impact AI will have on the economy and on productivity growth. President Trump's nominee to be the next Fed chair, Kevin Walsh, has argued that AI is transforming the economy and that the central bank needs to acknowledge it. The U.S. and Iran made progress in nuclear talks in Geneva, with Iran saying it has reached a, quote, general agreement with the U.S. on the basis of a potential deal that would lift sanctions on Tehran. Iran is expected to present the U.S. with a new detailed proposal in two weeks to address some gaps in negotiations. The diplomatic progress came despite growing military deployments in the Persian Gulf,
with Iran closing the Strait of Hormuz for several hours earlier today to conduct military drills.
What are the details of Japan's recent investments in the U.S.?
Oil fell on the news of the positive negotiations to under $63 a barrel. Civil rights icon Reverend Jesse Jackson is dead at the age of 84. Jackson was considered one of the most prominent civil rights activists, as well as a two-time presidential candidate and the founder of the Rainbow Push Coalition. His son, Jesse Jackson Jr., spoke about the void left by his father's death.
We're just grateful to God that he blessed all of us, that his life touched ours, and And I think over the next few days, the next few weeks, maybe the next few years, people will come to appreciate the kind of leadership and the void that he's left us and that all of us are going to have to fill. No one person can fill this void.
That's Jesse Jackson Jr., courtesy of WLS in Chicago.
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