Bloomberg News Now December 18, 2025: Brown, MIT Professor Shooting Suspect Found Dead, More
Dec 19, 2025
A suspect linked to recent shootings at Brown and MIT has been found dead, raising critical investigative questions. TikTok is forging U.S. joint venture agreements to protect data amid growing scrutiny. Nike's struggles in China loom large as FedEx surpasses estimates, improving its outlook. Coinbase is challenging state regulations over prediction markets, while the EU plans a substantial loan for Ukraine. In a notable shift, Trump is moving towards rescheduling marijuana, emphasizing its medical potential.
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Suspect Found Dead After Campus Killings
- Claudio Neves Valente, a former Brown grad student, was linked to vehicles and hotels by investigators after the killings at Brown and MIT.
- Authorities said security footage and financial checks tied him to the rented car seen near Brown University.
TikTok Plans U.S. Joint Venture With Firewalls
- TikTok has signed binding agreements to create a U.S. joint venture majority owned by American investors according to an internal memo.
- The plan aims to isolate U.S. data and retrain models to prevent ByteDance access, creating a security firewall around U.S. operations.
Nike's China Slowdown Delays Turnaround
- Nike reported higher-than-expected revenue but weakness in China and Converse offset gains, delaying recovery plans.
- Analysts expect fixing China to be the priority and foresee meaningful improvement likely in 2027-2028 rather than fiscal 2026.