Bloomberg News Now 24 July, 2025: Trump Fed Site Tour, Skydance-Paramount Merger Approved, More
Jul 25, 2025
This podcast dives into the controversial renovations of the Federal Reserve's headquarters, with President Trump's take on the economic implications. It also covers the FCC's approval of the Skydance and Paramount merger, sparking discussions on diversity initiatives. Political tensions are examined as responses to Epstein-related files emerge, alongside insights into U.S. and Israeli ceasefire negotiations. The podcast highlights Intel's fluctuating fortunes amidst rising PC demand and pays tribute to notable personalities while unveiling new audio services to keep listeners updated on stock market trends.
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Trump-Powell Clash on Fed Renovations
- President Trump and Fed Chair Jay Powell clashed over the Fed's $3.1 billion renovation cost during a site tour.
- Trump said cost overruns aren't fireable offenses but pushed Powell to lower interest rates.
Skydance-Paramount Merger Approved
- The FTC approved Skydance Media's merger with Paramount after a year of legal and negotiation challenges.
- The deal required concessions on diversity and news judgment issues amidst a changing media landscape.
Maxwell Cooperates Fully in DOJ Meeting
- Ghislaine Maxwell answered all questions in a DOJ meeting related to her sex trafficking conviction.
- Her defense attorney highlighted that she did not refuse to answer any questions during the session.