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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 10 trillion pounds 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 Doug Krisner. SpaceX and its wholly owned subsidiary, XAI, are competing in a secretive new Pentagon contest. The goal is to produce autonomous drone swarming technology. Now, initial voice commands would be translated into digital instructions with the capability of running multiple drones.
This project will be done in phases, beginning with software development and progressing to real-life testing. The ultimate aim is to create technology used for offensive purposes. Talks to extend a contract between Anthropic and the Pentagon have hit a snag.
We are told Anthropic wants guardrails in place to stop its clawed AI tool from being used for mass surveillance of Americans or to develop weapons that can be deployed without a human involved. Now, the Pentagon wants to be able to use Claude as long as its deployment does not break the law. In Rhode Island, three people are dead after a shooting at an indoor ice rink in Pawtucket.
The suspect is among the dead after fatally shooting himself. Police say three other victims are hospitalized in critical condition. Now, this shooting happened during a youth hockey game. Here is Pawtucket Police Chief Tina Goncalves.
It appears that this was a targeted event, that it may be a family dispute. We cannot release the names of the victims because obviously we want to speak to the family, make sure that the family is well aware of what happened before we release that information publicly. We had assistance from multiple police departments that came in to assist, to offer their assistance.
Obviously, the attorney general is also there with us now going over the crime scene.
That was Pawtucket Police Chief Tina Goncalves. Secretary of State Marco Rubio was in Budapest, Hungary on Monday. It was there he praised Prime Minister Viktor Orban as the U.S. doubled down on its support for the strongman leader. Orban is facing an election in April that could bring an end to his 16 years in power. Rubio pledged U.S. assistance if Hungary ever ran into financial trouble.
That statement follows President Trump's endorsement of Orban. Rubio also addressed talks over Iran's nuclear program. They are set to start tomorrow in Geneva, Switzerland. Rubio insisted President Trump is looking for a diplomatic solution.
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Chapter 2: What is the Pentagon contest involving SpaceX and xAI about?
It's been very difficult for anyone to do real deals with Iran because we're dealing with radical Shia clerics who are making theological decisions, not geopolitical ones. But let's see what happens. I hope it works out. We all hope it works out.
President Trump has threatened to strike at the Islamic Republic unless it agrees to a deal curbing Tehran's nuclear program in exchange for sanctions relief. U.S. markets will be back online Tuesday with plenty of earnings to consider in the week ahead.
Chapter 3: What autonomous technology is being developed for drone swarming?
We have a preview from Bloomberg's Charlie Pellett.
Investors are looking beyond the headline and guidance numbers for clarity on AI capital investments. Mark Lushini is chief investment strategist at Janney Montgomery. Scott, he's watching revenue.
I mean, right now we're seeing not only estimates, obviously, as we're closing out confession season for the first for the fourth quarter, continue to beat expectations. That's a pretty heady pace, not only on earnings, but revenues.
Among this week's most closely watched reports will be Walmart, also reporting tech names, Palo Alto networks, analog devices, and cadence design systems. In New York, Charlie Pellett, Bloomberg Radio.
Apple is set to host a special event in the coming weeks. We have that story from Bloomberg's Monica Ricks.
Apple says it's holding an in-person experience in several big cities on March 4th to announce several new devices, including new MacBook Pros, MacBook Airs, a low-cost MacBook in several colors, and new iPad models. Consider this a low-key showcase since Apple typically hosts big launches at its California campus.
It's unclear whether people will be able to watch the event online, but look out for an updated iPhone 17e in that lineup, too. Bloomberg reported earlier this month Apple planned to release the mid-tier smartphone the first week of March. Monica Ricks, Bloomberg Radio.
In sports, it is day 10 of the Olympic Winter Games, and we're keeping a tab on the medal count. Norway leads with 28, Italy has 23, and the U.S. with 19. Legendary actor Robert Duvall has died. Today in a post on social media, Duvall's wife said he died peacefully at his home in Middleburg, Virginia over the weekend. Duvall starred in such film classics as The Godfather and Apocalypse Now.
Here is a moment from Apocalypse Now.
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Chapter 4: What are the implications of AI in military applications?
Nothing else in the world smells like that.
I love the smell of napalm. Duvall won an Academy Award for Best Actor as a former country music star in the 1983 film Tender Mercies. Robert Duvall was 95. 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.
Donald Trump is rewriting the Washington rulebook and reshaping the global economy. If you're trying to connect the dots behind the headlines, Bloomberg's Trumponomics podcast is here to help. I'm Stephanie Flanders, head of government and economics at Bloomberg. Every week I'll bring you a smart, focused conversation with reporters and experts from Washington, Wall Street and beyond.
Listen to new episodes every Wednesday and follow Trumponomics wherever you listen.
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