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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 Karen Moscow.
Chapter 2: What recent developments involve Jeffrey Epstein and the World Economic Forum?
The head of the World Economic Forum, Borga Brenda, is stepping down after revelations he had ties to Jeffrey Epstein. Bloomberg's David Gurra has more.
The president and CEO here stepping down. He'd been in the job for eight and a half years. In a statement from the World Economic Forum, they mentioned the fact there'd been an independent review that was conducted by outside counsel that has ended. World Economic Forum notes those findings stated that there were no additional concerns beyond what's been previously disclosed.
I look at this statement, and interestingly, the name Jeffrey Epstein does not come up in that official language here. But that certainly is the backdrop to all of this.
Bloomberg's David Gora reports the statement from Forum co-chairs Larry Fink and Andre Hoffman does say that Aloise Zwinge will serve as interim president and CEO. Later today, former Secretary of State Hillary Clinton will testify in the House Oversight Committee's investigation into Jeffrey Epstein. The panel had threatened to hold her and Bill Clinton in contempt if they did not appear.
The former president will testify tomorrow. Florida Republican Anna Paulina Luna sits on the committee.
I don't think that they're going to give us any pertinent information. I mean, we have the secretary coming in and we have her husband the next day, former President Bill Clinton. I think, obviously, there's plenty of photo evidence of Mr. Clinton probably doing some not-so-nice things.
Republican Ana Paulina Luna. Separately, the Justice Department says it will review claims that a section of its Epstein files was withheld from publication online. The top Democrat on the Oversight Committee, Robert Garcia... says a claim that President Trump sexually abused a minor appears to be missing.
The president has said he cut ties with Epstein decades ago and did not engage in wrongdoing. Cuba's Coast Guard shot and killed four people on a Florida-registered speedboat off its northern coast. The Cuban Interior Ministry says the vessel opened fire on security forces as they approached the boat near Via Clara. It says they were Cubans living in the U.S. who planned to fight the government.
Secretary of State Marco Rubio says the U.S. will do its own investigation.
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Chapter 3: What are the implications of Hillary Clinton's upcoming testimony regarding Epstein?
Warner Brothers Discovery reported lower fourth quarter sales and earnings underscoring the challenges the media giant is confronting as it weighs competing takeover bids from rival entertainment companies. The results come in the middle of a contentious bidding war over one of Hollywood's iconic studios. And futures, little change this morning. S&P down, Nasdaq futures.
10-year Treasury up 132nd, yield 4.04%. NYMEX crude oil is falling. It's down 2% at $64.11 a barrel. And that's news when you want it with Bloomberg News Now. I'm Karen Moscow 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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