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 Ā£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.
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News when you want it with Bloomberg News Now, I'm Doug Krisner. Warner Brothers Discovery is considering reopening talks with Paramount Skydance after receiving a revised hostile takeover offer from Paramount. We are told Warner's board is looking at whether Paramount could offer a path to a superior deal, although such a move could ignite a second bidding war with Netflix.
Last week, Paramount submitted amended terms to address several concerns of Warner's board, and that would include covering a $2.8 billion breakup fee owed to Netflix if Warner terminates their takeover agreement. Paramount is also offering to backstop a refinancing of Warner Brothers' debt. There's been a shakeup at the U.S. Treasury Department. We have that story from Bloomberg's Monica Ricks.
Treasury Undersecretary John Hurley is reportedly stepping down following clashes with Treasury Secretary Scott Besant. Hurley served as the Trump administration's top sanctions official for terrorism and financial intelligence. But sources tell Bloomberg there was internal tension over tactics and targets of U.S. sanctions policy.
Officials are said to be floating Hurley for several ambassador roles now to keep him in the fold. But his exit is just the latest shakeup in senior ranks at the Treasury Department. Besson's first chief of staff and his successor both left last year. Monica Ricks, Bloomberg Radio.
It's the second day of a partial U.S. government shutdown. The Department of Homeland Security is unfunded, although more than 90 percent of DHS employees are deemed essential and are continuing to work. Now, the lapse in funding could last for weeks.
Congress is on a recess, and there has been no agreement on Democratic demands for new limits on tactics used by immigration officers patrolling America's cities. Here is Senate Minority Leader Chuck Schumer speaking on CNN's State of the Union.
Just look at every police department across the country. They don't walk around in masks. They don't walk around unidentified. Every police department is identified. In New York City, you see the name right on the breastplate, and the police are fine with that. So that makes no sense what they're saying.
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Chapter 2: What are the latest developments in Warner Brothers and Paramount negotiations?
Last week, White House border czar Tom Homan said the immigration crackdown in Minnesota would come to an end. He said over 1,000 agents were removed after meeting with local and state officials. Today, Homan spoke on CNN's State of the Union.
I got to give credit to the governor. We had good conversations. The state prisons are helping us. And Mayor Frey, me and Mayor Frey will never agree on much. But you know what? His officers did respond to take down the illegal roadblocks that made it unsafe for not only citizens of Minnesota, but our officers. I think we're in a lot better spot than we ever have been.
That is White House border czar Tom Homan speaking on CNN's State of the Union. U.S. Secretary of State Marco Rubio is continuing his trip through Europe, making a stop in Slovakia after the Munich Security Conference. Rubio is doubling down on the Trump administration's position on Europe, saying the U.S. wants to focus on building up its allies.
I see it reported yesterday in some places, oh, the Europeans are very upset. They're going to be less dependent on America now. We don't want Europe to be dependent. We're not asking Europe to be a vassal of the United States. We want to be your partner.
That is U.S. Secretary of State Marco Rubio. Over the weekend, Treasury Secretary Scott Besson said he is expecting a hearing on the nomination of Kevin Warsh to be Fed chairman. Even so, North Carolina Republican Senator Tom Tillis is holding firm on his vow to hold up any appointments to the Fed until the DOJ probe into renovations of the Fed's headquarters is concluded.
Here is Tillis speaking on CBS Face the Nation.
The decision I get to make is whether or not I allow markup, and if I do allow markup, how I vote. And I'm saying that until the matter is solved, I'm a no.
North Carolina Republican Senator Tom Tillis speaking on CBS Face the Nation. Kentucky Republican Congressman Thomas Massey is taking aim at Attorney General Pam Bondi over the release of files related to Jeffrey Epstein. During an interview with ABC's This Week, Massey said he does not have confidence in Bondi, and he said there is no accountability at the DOJ.
Ultimately, it's her who is responsible for the document production, according to our law, the attorney general. It's not Todd Blanche. It's not the people below them. You can assign tasks to people, but you can't assign your responsibilities.
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Chapter 3: Why is there a leadership change at the U.S. Treasury Department?
I'm really proud of the what I've achieved, and it's also special to do this together with the team. I feel like it couldn't be a better place and a better day to do it.
Here is the latest medal count. Norway leads with 26, Italy has 22, and the U.S. with 17. And that is News When You Want It with Bloomberg News Now. I'm Doug Krisner, and this is Bloomberg.
As a place to do business, the UK stands apart. 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 Ā£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.
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.
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