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.
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Chapter 2: What recent events led to the deaths of US service members in Iran?
The unrest in the Middle East is also causing widespread flight disruptions now. We get those details from Bloomberg's Dan Schwartzman. The U.S.
and Israeli bombing campaign over Iran and the subsequent retaliation by the Islamic Republic has led to more than 2,300 flight cancellations being recorded in the Middle East, with more than 90% of departures from Dubai International Airport being canceled. That's according to FlightAware data.
Some airlines were hit hard with Qatar Airways saying all flights are still halted and that it would provide an update at 9 a.m. on Monday. Emirates, the world's largest international airline, they've suspended flights indefinitely while Etihad extended cancellations until 2 a.m. on Monday.
The UAE's Civil Aviation Authority said it was dealing with 20,000 affected passengers caught up in the disruption. Dan Schwartzman, Bloomberg Radio.
Crypto traders are keeping a close eye on Bitcoin this morning. The token rose as much as 2.2 percent to just over $68,000 after Iran confirmed the death of its supreme leader yesterday. It's now trading at about $66,000 this morning. And six accounts on PolyMarket made around a million dollars in profit by betting on the U.S. to strike Iran by February 28th.
That's according to analytics firm Bubble Maps. It says those accounts were all freshly created last month and had only ever placed bets on when U.S. strikes might happen, with some of their shares purchased just hours before the first explosions were reported in Tehran. The pattern of bets has now raised suspicions of insider trading.
In other news today, OpenAI is defending its deal with the Pentagon. Bloomberg's Ed Kalecki has details.
OpenAI has agreed to deploy its own artificial intelligence models within the Defense Department's classified network after rival Anthropic saw its relationship with the Pentagon implode over surveillance and autonomous weapons concerns.
OpenAI Chief Executive Officer Sam Altman said late Friday that he'd reached an agreement with the department that reflects the firm's principles that prohibit domestic mass surveillance and require human responsibility for the use of force, including for autonomous weapons systems.
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Chapter 3: How is the US government responding to threats from Iran?
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And police say the man who killed three people and injured 14 others at a bar overnight in Austin, Texas has also died. Officers say they confronted him after arriving at the bar, returned fire and killed him. We still don't know why the man went on that rampage. That's news when you want it with Bloomberg News Now. I'm Monica Ricks and this is Bloomberg.
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Chapter 4: What are lawmakers discussing regarding war powers in relation to Iran?
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