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Trump Backs Nexstar’s Tegna Bid, Trump & Netanyahu Meet Wednesday, More
08 Feb 2026
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 £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 Ed Kalecki.
Chapter 2: What is Trump's involvement in the Nexstar-Tegna merger?
President Trump is backing a big broadcast merger. Bloomberg's Monica Ricks reports.
President Trump says he supports Nexstar's $3.5 billion bid to buy Tecna because it'd be good for competition. He posted about the proposed merger on True Social. The deal would still need approval by the FCC, but it's set to be discussed at a Senate hearing on Tuesday about easing the 39% U.S. ownership cap on TV stations.
Trump's nod, though, means Republican senators are more likely to vote for that cap to be removed. And it would need to be. Nexstar has said the combined entity would reach 80 percent of U.S. households. Monica Ricks, Bloomberg Radio.
Israeli Prime Minister Benjamin Netanyahu said he will discuss the U.S.-Iran negotiations with President Trump in person next week. The leaders' February 11th meeting in Washington will follow the launch of indirect talks between Trump's envoys and the Iranian foreign minister in Oman, which the U.S. administration said were focused on capping Tehran's nuclear program. Israel, with U.S.
reinforcement, bombed Iranian nuclear sites during a 12-day war in June and favors further action to deny its arch foe the means to threaten its existence. Trump spoke with reporters on Air Force One Friday evening.
The one thing right up front, no nuclear weapons. If we could have made that deal two years ago, we would have made that deal, but they weren't willing to do that. Now they are willing to do it.
Israel sees the current diplomacy launched after Trump threatened Iran's leaders over their bloody crackdown on domestic protests as a chance for more sweeping countermeasures and even regime change. Ukraine's President Volodymyr Zelensky says the U.S. is proposing to finish all necessary negotiations to end Russia's invasion of Ukraine in June.
Zelensky said that the next round of peace talks aimed at ending Russia's four-year invasion may happen in about a week amid another proposed energy truce. Zelensky says the Ukrainian team has already accepted the invitation. The U.S. plans to convene the first formal meeting of President Trump's Board of Peace in Washington on February 19th.
The board was a core element of Trump's 20-point plan that helped broker a ceasefire in the war between Israel and Hamas in October. Trump led the initial gathering of the group's members, about 20 nations including Belarus, Azerbaijan and Hungary, in Davos, Switzerland in January on the sidelines of the World Economic Forum.
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Chapter 3: What are the implications of Trump's support for the FCC ownership cap?
We get more from Bloomberg's Charlie Pellett.
First close ever for the Dow Jones Industrial Average above 50,000. It was the biggest advance for the S&P 500 index since May, but on the week... The S&P dropped one-tenth of 1%. A renewed wave of dip buying lifted stocks in the wake of a tech rout Thursday fueled by worries over the billions of dollars those firms are throwing at artificial intelligence development. Bitcoin rebounded.
Gold and silver jumped after Thursday's decline. On the week, Dow Industrials up 2.5%. NASDAQ down for a fourth week, down 1.8%. In New York, Charlie Pellett, Bloomberg Radio.
Wells Fargo's breakup with Bilt took another chaotic turn this week when the startup's customers who opted to close their bank accounts were surprised to receive credit cards anyway. Wells Fargo officially rids itself of its money-losing partnership with Bilt on Saturday after nearly four years.
Bilt, which launched a set of revamped offerings with new partners last month, had told nearly one million cardholders to pick one by February 1st or automatically get a Wells Fargo card. Then scores of customers who opted to close their Wells Fargo account started getting the bank's autograph card in the mail.
Social media forums buzzed this week with surprised users as one wrote, Asked Bill to cancel my autograph card. Don't really need it. Fast forward today. Both cards got delivered. And checking the medal count for the Winter Olympics right now, Italy, Japan, Norway each have three medals and each nation has a gold, a silver and a bronze. That's news when you want it with Bloomberg News Now.
I'm Ed Kalecki. This is Bloomberg.
As a place to do business, the UK stands apart.
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Chapter 4: What discussions are planned between Trump and Netanyahu?
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 £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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Chapter 5: How is the U.S. addressing the Iran nuclear negotiations?
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