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Bloomberg News Now

Remembering Jesse Jackson, Warner Bros. Reopens Talks, More

17 Feb 2026

Transcription

Chapter 1: What is the main topic discussed in this episode?

0.031 - 28.165 Unknown

The UK stands apart as a place to do business, not because of one advantage, but many working together. Over £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.

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29.697 - 46.103 Karen Moscow

News when you want it with Bloomberg News Now. I'm Karen Moscow. Civil rights leaders are paying tribute to the Reverend Jesse Jackson. The 84-year-old died today after fighting for decades to give a voice to those who could not advocate for themselves. We get more with Bloomberg's Zach Cohen.

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46.083 - 68.918 Zach Cohen

Jesse Jackson was one of the most prominent U.S. civil rights leaders of the 20th century, ran credible campaigns for president back in the 1980s. And in accepting that loss at Democratic National Conventions after each of those contests really galvanized his supporters and really defined politics for a generation, even long before America elected its first black president in Barack Obama.

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68.898 - 74.246 Karen Moscow

And that's Bloomberg's Zach Cohen. National Urban League President Mark Morial spoke with CBS News Mornings.

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74.567 - 83.401 Mark Morial

His most important contribution was to bring, I think, the ethos of civil rights into mainstream American politics.

83.641 - 101.668 Karen Moscow

And Jackson was 84. He revealed he had Parkinson's in 2017 and had been hospitalized since November after being diagnosed with a degenerative condition. Iran says it reached a general agreement with the U.S. on the basis of a potential nuclear deal that would lift sanctions on Tehran and ease the risk of war in the Middle East.

101.688 - 120.235 Karen Moscow

Iranian Foreign Minister Abbas Saragachi made the comments to state TV after talks with U.S. Special Envoy Steve Witkoff in Geneva. He said the two sides will each draft and exchange texts for a deal before setting a date for a third round of talks, although he cautioned that the next stage would be more difficult and detailed.

120.215 - 137.417 Karen Moscow

A third round of U.S.-led negotiations on ending the Kremlin's war on Ukraine began in Geneva today, though there's little optimism that a breakthrough can be reached to halt the fighting. Security and humanitarian issues are said to be on the agenda. The Search for Today show host Savannah Guthrie's mother now in the third week.

137.477 - 156.054 Karen Moscow

Investigators are consulting with management at Walmart to develop leads in the case. The Ozark Trail Hiker Pack backpack that the suspect was wearing in surveillance video from Nancy Guthrie's porch is sold exclusively at Walmart. Investigators also announced over the weekend that a glove found near the home was sent for DNA testing.

Chapter 2: What is the significance of Jesse Jackson's legacy?

186.095 - 205.368 Karen Moscow

Warner Brothers will reopen Takeover Talks with Paramount Skydance after receiving a seven-day waiver to do so from its preferred bidder, Netflix. The decision came after a Paramount banker told a Warner Brothers board member that Paramount would offer at least $31 a share or $1 a share higher than its previous offer if the company agreed to reopen Talks.

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205.448 - 207.512 Karen Moscow

And we get more with Bloomberg's Ed Ludlow.

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207.492 - 218.025 Ed Ludlow

Part of this is that the seven-day waiver also gives Warner Brothers Discovery and Paramount time to talk about the issues that the boards had with the Paramount bid, which were wide-ranging.

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218.506 - 233.365 Ed Ludlow

The valuation, right, remember, Paramount proposes to buy all of Warner Brothers Discovery, including legacy network and cable, whereas Netflix would only buy the studios and the streaming business, spinning off the legacy networks into a standalone company.

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233.345 - 256.615 Ed Ludlow

And that dollar, basically, you know, Paramount had, to the market's mind, undervalued the legacy networks and given them an essential valuation of like near zero, which people either agree or disagree with. So that will be a part of it, along with, you know, there is still in the background the specter of antitrust on both.

257.016 - 262.643 Ed Ludlow

But, you know, Netflix, again, this morning issuing its own statement saying that, you know, they feel very confident in their existing bid.

262.792 - 286.555 Karen Moscow

And that's Bloomberg's Ed Ludlow. Sources tell Bloomberg Bayer is preparing to announce a $10.5 billion settlement push to resolve current and future cancer lawsuits over its top-selling Roundup weed killer. Roundup litigation has plagued the German conglomerate since it bought Monsanto for $66 billion and inherited a string of suits that have cast a lingering cloud over its shares.

286.535 - 307.608 Karen Moscow

Federal Reserve Bank of Chicago President Austin Goolsbee says there is potential for more interest rate cuts this year if inflation continues to return toward the central bank's 2% target. Warning that services inflation remains elevated, Goolsbee said if price hikes linked to tariffs are a one-off, it could allow policymakers room to move. Goolsbee made the comments to CNBC. U.S.

307.648 - 322.607 Karen Moscow

homebuilder confidence slipping again this month, bogged down by persistent worries over affordability and high construction costs. An index of market conditions from the National Association of Homebuilders in Wells Fargo edged down in February to 36. That was the lowest level since September.

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