UK Green By-Election Win, Netflix Drops Warner Bid, More
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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 Lizzie Burden.
What does the UK Green Party's by-election win signify for Labour?
And I'm Stephen Carroll.
In the UK, the Green Party has taken a Labour safe seat in a by-election, underscoring the threat facing Keir Starmer's leadership. Hannah Spencer secured almost 41% of the vote in Gorton and Denton, with Labour coming third with 25%, while Reform finished second on 29%. Spencer says the Greens have defeated the parties backed by billionaire donors.
things have changed a lot over the last few decades because working hard used to get you something. It got you a house, a nice life, holidays. It got you somewhere. But now, working hard, what does that get you?
How did Hannah Spencer's victory impact the political landscape?
Spencer's win is the first time the Green Party's ever won a UK by-election. The scale of the victory allows the Greens to frame themselves as an electable left-wing alternative to the Labour government. That's likely to set off alarm bells in Downing Street, where Labour MPs have already questioned Prime Minister Keir Starmer's political strategy and future.
Netflix has dropped out of the fight to buy Warner Brothers Discovery, clearing the way for rival bidder Paramount to clinch a $111 billion deal. The streaming giant says while its offer would have passed muster with regulators and created shareholder value, it didn't want to keep bidding. Bloomberg's Lucas Shaw says ultimately it came down to money.
The Warner Brothers board is not really concerned about synergies. I think that if they could have chosen between the two buyers, they preferred Netflix. Netflix is a bigger, stronger, healthier company. But Paramount ultimately offered more money.
Shaw adds that the takeover fight has been contentious in Hollywood and in Washington. After Warner Brothers accepted Netflix's offer in December, Paramount launched a multi-pronged campaign for its rival bid, offering more money and lobbying President Donald Trump.
Meanwhile, Anthropic has rejected the Pentagon's latest offer in a dispute over the use of its technology by the U.S. military. The move escalates the standoff just one day before a government deadline for the company to drop its conditions. CEO Dario Amodi says the firm cannot in good conscience accept the Defense Department's demands. Arshi Sadeghi, a Democratic strategist and the CEO of Bellwether Government Affairs, says the situation is unprecedented.
We're in uncharted waters. This technology is still developing. And had Anthropic not taken the stance, it would have been a race to the bottom. Because this isn't just about Anthropic. This is about other companies as well, where they might be then forced to this race to the bottom, where everybody is trying to get this DOD work and not having any sort of guardrail. So from my perspective, I think Democrats are going to see this as true leadership.
CEO of Bellwether Government Affairs, Arshi Siddiqui, speaking there. Anthropic is insisting on two conditions for military use of its clawed AI tools, that the technology won't be used to monitor US citizens or for lethal drone strikes without a human in the loop. If Anthropic fails to drop its conditions, the Defence Department has threatened to declare the company a supply chain risk, a move that would preclude it from working with other defence contractors.
U.S. and Iranian officials have agreed to more nuclear talks as soon as next week after the latest round of discussions in Geneva. With just days to go before U.S. President Donald Trump's deadline to reach an agreement, Bloomberg understands that American negotiators have been disappointed with progress so far. However, Iran's foreign minister, Abbas Araghchi, told state TV the meetings showed good progress.
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