Chapter 1: What is the main topic discussed in this episode?
News when you want it with Bloomberg News Now. I'm Monica Ricks. A Ukrainian delegation has arrived in the U.S. for more peace talks to end its war with Russia, even as the Kremlin steps up attacks targeting Ukraine's power grid. Keefe says Russia's weaponizing winter, leaving people in more than 20 settlements without power.
Chapter 2: What recent developments are there regarding Ukraine's peace talks in the U.S.?
The delegation's working to finalize documents now that include recovery and security guarantees from the U.S. Rallies are underway in Denmark and Greenland now to protest President Trump's threats to take over the territory. As a bipartisan congressional delegation continues talks today in Copenhagen in hopes of de-escalating tensions. Republican Alaska Senator Lisa Murkowski.
Greenland needs to be viewed as our ally, not as an asset. Denmark is part of NATO, and these talks come as other countries within the alliance, including France and Germany, send military support to help secure the territory. Delaware Senator Chris Coons.
I think I speak for every senator and House member here in that we deeply value NATO and that this 80-year-old alliance, this partnership, has been absolutely critical to the United States' security and prosperity and success.
President Trump has threatened to impose tariffs against countries that don't support a U.S.
Chapter 3: How is Russia's strategy affecting Ukraine's power grid this winter?
takeover. The Justice Department has launched a criminal investigation into whether Minnesota Governor Tim Walz and Minneapolis Mayor Jacob Fry obstructed federal immigration enforcement. Attorney General Pam Bondi issued a brief statement on social media last night saying no one is above the law. But both Walz and Fry are pushing back, calling it a bullying tactic.
Minnesota's Attorney General Keith Ellison agrees and says the Trump administration is weaponizing the DOJ.
When powerful leaders use it, against people who are just doing their jobs as their voters elected them to do, that's a very sad day in America.
Meantime, a win for protesters in Minneapolis. A federal judge has ordered immigration officers not to arrest, detain, pepper spray, or otherwise retaliate against peaceful protesters in the city following weeks of violent clashes. The Justice Department will likely appeal that ruling. It was a quiet end to a volatile week for investors with the new earnings season kicking off.
Bloomberg's Charlie Pellett has details.
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Chapter 4: What protests are occurring in Denmark and Greenland related to U.S. policies?
Stocks move lower on concern that President Trump is cooling on his dovish frontrunner Kevin Hassett to head the Federal Reserve. The S&P 500 struggled to gain traction and finished lower for the week, down 0.4%, while the Russell 2000 index of small-cap shares kept rising and beat the S&P 500 for an 11th straight session. For the week, Dow Industrials down 0.3%, NASDAQ on the week down 0.7%.
Charlie Pellett, Bloomberg Radio.
The White House is considering executive action to enact President Trump's call for a cap on credit card interest rates. Administration officials say they're still discussing terms with industry leaders and Congress, but say it's designed to reduce costs for Americans and aid in affordability challenges.
White House economic advisor Kevin Hassett says he's headed to Davos, Switzerland with President Trump next week, where the president's set to unveil a plan to ban institutional investors from buying single-family homes.
When that comes out, there'll be a clear guidance to people about when they can feel free that they're playing on a level playing field when they're competing for a home.
That's Hassett on Fox Business. Trump also wants to allow Americans to use some of their 401k savings towards a down payment on new home purchases. Bayer is getting a high court hearing hoping to get more lawsuits against its Roundup weed killer tossed. Here's Bloomberg's Ed Kalecki.
The Supreme Court has agreed to hear Bayer's appeal taking aim at thousands of lawsuits targeting its top-selling Roundup weed killer for causing cancer. The high court agreed Friday to hear Bayer's challenge to a $1.25 million Missouri jury verdict against the company's Monsanto unit over Roundup on the ground some of the claims were preempted by federal law.
The company already has paid more than $10 billion in verdicts and settlements and has set aside another $6 billion to deal with the litigation. Ed Kalecki, Bloomberg Radio.
Elon Musk wants OpenAI and Microsoft to pay him damages up to $134 billion over claims that OpenAI defrauded him by abandoning its nonprofit roots and partnering with the software giant. OpenAI calls the lawsuit baseless and the demand for damages unserious. The CDC says cases of flu keep surging in the US, with those dying from it up 25% from last week.
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