News when you wanted with Bloomberg News Now, I'm Dan Schwartzman Elon Musk says his Xai artificial intelligence startup has acquired the x platform and an all stock deal for thirty three billion dollars. Musk posted on exit the combined values of the two companies was now one hundred and thirteen billion dollars, with a new combined dentity being called Xai Holdings. Musk also said that steps are being taken
to quote combined the data models, compute distribution and talent reports. A. Morgan Stanley was a sole banker on the deal, representing both sides. US stocks tumbled to their second worst day of the year as risk assets were pubbled by renewed concerns that a flurry of tariffs will stoke inflation. Just as science mount the consumer sentiment and spending are buckling. Bloomberg News US stock market reporter Natalia Kanijevich says a few things stood out from today.
We did see a lot of selling across leveraged ETFs. The reason why it's important because eighty percent of those holdings are of course across MAC seven stocks. Then in the options market, we did see some single stock volatility. The reason why it's important. If you guys look at the VICS index, it's still at twenty one, it's not dramatically high, but we do see a lot of single stock volatility, and this can also kind of attribute to this sell off.
That's Bloomberg News US stock market reporter Natalia Kanijevich. Columbia University's interim President, Katrina Armstrong, has stepped down after taking over the role in August. Armstrong had agreed to a list of a series of demands from the Trump administration, including banning masks at campus protests in response to Trump freezing four hundred million dollars in federal funding. Claire Shipman, co chair of the Trustees, has been named acting president,
effective immediately. Armstrong will return to her previous roles, including chief executive Officer of Columbia's Irving Medical Center and Executive vice President for Health and Biomedical Sciences. Columbia has been in the crosshairs of the Trump administration, who says the school has not done enough to combat anti semitism on campus. Confirmed to measle cases jumped last week by twenty eight
percent to reach four hundred and eighty three cases. Far more than last year's total of two hundred and eighty five. The outbreak has now spread to nineteen states, with both Texas and New Mexico being hit the hardest. The Centers for Disease Control and Prevention says the vast majority of the cases involved those who are unvaccinated. The World Health Organization has now warned those traveling to the US to
check and update their measles vaccination status. The Measles, mumps and Rebella vaccine is ninety three percent effective in preventing infection after one dose, and, according to the WHO, has prevented an estimated sixty million deaths since two thousand. With some analysts estimating that tariffs will lead to an eleven percent hiking car prices, Shoppers are flocking a dealerships to buy new vehicles before April third, when twenty five percent
tariffs on imported vehicles are supposed to take effect. Car makers are speeding up shipments of new cars, while dealers are preparing by stockpiling up on inventory as well as discussing with rivals on how best to cope. Dealerships in the US are currently sitting on about sixty to ninety days of inventory on average, providing them with a cushion
against the immediate effects of the tariffs. Oracle is warning health customers that their data may have been stolen after hackers broke into the company's computer systems in an attempt to extort multiple medical providers. Earlier this month, Oracle notified some customers that sometime after January twenty second, hackers had copied some patient data to an outside location. The FBI is investigating the breach, as well as attempts by the
hackers to force medical companies to pay a ransom. Oracle sells software for patient records management to hospitals, doctors groups, and other medical companies. It's currently unknown how many patients wrecords were taken, while the total number of health care providers that the hackers have sought to extore it is also uncertain. Israeli jet struck BA route, targeting a hesblood drone storage facility, marking the first strike in the city
since November ceasefire was implemented. Recently, the agreement has come into question after rockets were fired into Israel from southern Lebanon, followed by Israeli forces responding with heavy fire. French President Emmanuel Macron condemned Israel's air striking Beirut, saying it violated the ceasefire, and said he would bring the matter up with President Trump as well as Prime Minister Benjamin Natanyahu.
Me and Mark Now says that one hundred and forty four people were killed with over seven hundred injured after a massive seven point seven magnitude earthquake hit the country. The country's military leaders have asked for international aid to help deal with the aftermath, with the US, the European Commission, India, and China, amongst other countries and organizations offering immediate aid.
In the NCAA Tournament Sweet sixteen Round two, two seats advanced to the Elite eight as two seed Tennessee beats three Sea Kentucky seventy eight to sixty five, while two seaed Michigan State outlasts six seed Old Miss seventy three to seventy. That's news when he won it with Bloomberg News. Now, I'm Dan Schwartzman, and this Bloomberg