News when you want it with Bloomberg News Now, I med Kleggy. SpaceX is preparing to sell insider shares at a transaction that would value Elon Musk's rocket and satellite maker at as much as eight hundred billion dollars. This from people familiar with the matter, reclaiming the title of the world's most valuable private company. The details discussed by SpaceX's board of directors on Thursday at its Star Base hub in Texas, could change based on interest from insiders,
sellers and buyers, or other factors. This from some of the people, who asked not to be identified as the information is not public. SpaceX is also exploring a possible initial public offering as soon as late next year. Elon Musk on Saturday denied that SpaceX is raising money at an eight hundred billion dollar valuation, without addressing Bloomberg's reporting
on the planned offering of insiders shares. JP Morgan Chase chief executive officer Jamie Diamond called out slow bureaucracy in Europe in a warning that a weak continent poses a major economic risk to the year. He says, Europe has a problem.
Europe has a problem. I think they accomplished an unbelievable thing with when they euro got together the East and they said, you know, let's live in peace. So living in piece is a good thing. But it got bogged down. It takes twenty seven nations, you know, to make a decision. They let their military drop dramatically. It's very bureaucratically.
Diamond went on to say Europe has driven business out, They've driven investment out, they've driven innovation out. Diamond, leader of the biggest US bank, has long said that the risk of a fragmented Europe is among the major challenges facing the world. Apple, long the model of stability in Silicon Valley, is suddenly undergoing its biggest personnel shake up in decades, with senior executives and key engineers both hitting the exits In just the past week. Apple's heads of
artificial Intelligence and interface designs step down. Then the company announced that its general counsel and head of governmental affairs were leaving as well. All four executives have reported directly to Chief executive Officer Tim Cook, marking an exceptional level
of turnover in Apples c suite. The leaders of France, Germany and the UK will meet with Ukrainian President Voladimir Zelenski in London Monday to discuss US efforts to reach a peace deal after Russia carried out another round of massive attacks. French President Immanuel Macrone announced the meeting on Saturday in a post on social media in which he condemned the latest strikes by Moscow on energy and rail
infrastructure in Ukraine. Macrohn' Zelenski, German Chancellor Friedrich Meers, and British Prime Minister kir Starmer will assess the situation in Ukraine and the ongoing negotiations involving the US. The US said Friday its negotiators had agreed with Kiev on a framework of security arrangements and discussed what deterrence capabilities were needed as part of a deal to end the war with Russia. However, there was little indication of a major breakthrough.
Arizona Senator Reuben Gego wants to use an employment based visa program to draw more foreign investment into the US housing market. Bloomberg's Amy Morris explains from Washington.
The idea is to boost the housing supply and reduce housing costs while creating more jobs for American workers. Senator Diego's plan aims to address the affordability crunch caused by years of underbuilding and higher mortgage rates. Under the EB five program, foreign nationals can obtain a legal permanent residence status by investing in a new commercial enterprise in the US and creating at least ten full time jobs. This bill would extend that lower threshold to investment in housing
projects and expedite affordable housing applications in Washington. Amy Moore as Bloomberg Radio.
We're learning more about how Netflix landed its deal to buy Warner Brothers Discovery. Bloomberg's Monica Rix reports.
Netflix's plan for Warner Brothers reportedly started to take shape around Thanksgiving. The streamer assembled a fifty nine billion dollar bridge loan from banks to make a mostly cash and stock bid, and sources tell Bloomberg its offer eventually one thanks to doubts for Warner executives about how Paramount would
pay for the company. Now, Warner Brothers CEO David Zasla is poised to become a billionaire if this deal closes, but if it falls apart or fails to win regulatory approval, Netflix has also agreed to pay a five point eight billion dollar penalty. It's one of the biggest breakup fees of all time. Monica Rix, Bloomberg Radio.
Toma Bravo founder and managing partner Orlando Bravo says the rapid advancement of AI is stirring enormous anxiety among investors, and the hype has triggered a fear of missing out in private markets. Bravos spoke to Bloomberg's Danny Berger at a Bloomberg New Voices event in Miami.
There are two big points that are always in every headline regarding AI. One is things have changed, and two things are moving really fast. When you, as an individual an investor in anything, you hear those two terms, everything's changing and everything's changing really fast, it creates enormous anxiety, and that anxiety hits investors that are responsible for so much capital really really hard.
Toma Bravo founder and managing partner Orlando Bravo. President Trump ordered the Department of Justice and the Federal Trade Commission and to investigate the US food supply chain for potential price fixing and other anti competitive behavior to drive up costs of goods such as meat, seeds, and fertilizer, especially
by foreign companies. Trump, in an executive order published Saturday, said he ordered the Department and the FTC to establish a task force dedicated to investigating any anti competitive behavior and whether control of food related industries by foreign entities pose a national security threat. That's news when you want it with Bloomberg News. Now, I'm at Kleggi. This is Bloomberg