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Chapter 1: What is the main topic discussed in this episode?
Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.
And I'm Caroline Hepke in London. We're the hosts of the Bloomberg Daybreak Europe podcast.
We're up early every weekday, keeping an eye on what's happening across Europe and around the world.
We do it early so the news is fresh, not recycled, and so you know what actually matters as the day gets going.
From Brussels, I'm following the politics, policy and the people shaping the European Union right now.
And from London, I'm looking at what all that means for markets, money and the wider economy.
We've got reporters across Europe and around the globe feeding in as stories break.
So whether it's geopolitics, energy, tech or markets, you're hearing it while it happens.
It's smart, calm and to the point.
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Chapter 2: What recent trends are we seeing in US inflation?
Right now, the Dow is flat. The Nasdaq is down 1.4%. The S&P is down about two-thirds percent. The 10-year Treasury yields at 4.4%. The two-year yields at 3.9%. And oil's up more than 4% this hour, with Brent Crude trading at about $108 a barrel. eBay has rejected a $56 billion takeover offer from GameStop, describing the bid as neither credible nor attractive.
We get more on that from Bloomberg Tech co-host Caroline Hyde.
They're pushing back on mainly the source of funding. You have to maintain investment grade. That is highly unlikely, according to Bloomberg reporting and analysis, that you would ever be able to do such a buyout of a company that is a quarter of the value of eBay, brings in a quarter of the revenues than eBay to afford that amount of $56 billion offer.
No wonder they're worried about the leverage, about the governance of this company. That's really what's being articulated in this letter. So they're pushing back. And we know this has already gone hostile in many ways.
That's Bloomberg's Caroline Hyde on Bloomberg Open Interest. Shares of both companies are down 1%. Meantime, Under Armour stock keeps falling, now down 19% after reporting profits below expected estimates, mostly due to tariffs. And Hims and Hers also plummeted 12% after getting rid of copycat weight loss medications.
It's pivoting to branded drugs now, including those by Eli Lilly and Novo Nordisk. The Wall Street Journal reports Google is in talks with SpaceX for a rocket launch deal that would expand efforts to put data centers in space. SpaceX CEO Elon Musk has said that's the next frontier for his rocket company, and he's been pitching that to investors ahead of its planned public listing this summer.
It's anticipated to be the largest IPO of all time. OpenAI CEO Sam Altman is now testifying in California to defend his company against Elon Musk's lawsuit accusing him of going against the company's founding mission to serve the public good. That trial could determine the future of the chat GPT maker and its leadership.
And more than a dozen Americans who were passengers on board the cruise ship during the hantavirus outbreak are now in quarantine in Nebraska and Atlanta. One person has tested positive and another has developed symptoms. But the majority of Americans who were on that ship are asymptomatic, at least for now. That's news when you want it with Bloomberg News Now.
I'm Monica Ricks and this is Bloomberg.
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