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Bloomberg

NJ's Montclair Cuts School Staff and Mulls March Tax-Hike Vote

The wealthy New Jersey town of Montclair is making staff and program cuts at its public schools in an effort to address a $20 million budget gap. The commuter town discovered the deficit in July, with a judge recently swatting down a vote aimed at raising property taxes to mitigate the problem. Bloomberg's Erin Hudson talked about the story on "Bloomberg Markets" with Dani Burger.

Leia mais: NJ's Montclair Cuts School Staff and Mulls March Tax-Hike Vote
Bloomberg

Every Media Company Has To Embrace AI: Dergarabedian

Disney licenses iconic characters including Mickey Mouse and Cinderella to OpenAI for use on its artificial intelligence video platform and has agreed to take a $1 billion stake in the startup. Paul Dergarabedian, Head of Marketplace Trends at Comscore says the deal highlights the 'inevitability' of AI in entertainment, and studios will need to embrace the technology while protecting actors' and creators' rights. He joined on "Bloomberg Markets" with Dani Burger.

Leia mais: Every Media Company Has To Embrace AI: Dergarabedian
Bloomberg

Rheinmetall CEO Sees High Demand for Next 10-15 Years

"We believe that demand is high for the next 10-15 years," Rheinmetall AG Chief Executive Officer Armin Papperger tells Bloomberg's Oliver Crook. He also says that while he wishes peace in Ukraine, it will have "absolutely zero impact" on the company's business and the potential seizing of Russian assets in Europe could be an "accelerator" for the domestic defense industry.

Leia mais: Rheinmetall CEO Sees High Demand for Next 10-15 Years
Bloomberg

Fed Must Remain Independent, Goldman's Kaplan Says

The next Fed chair must prove that they are able to balance issues and have debates without regard to political pressure and political considerations, said Robert Kaplan, Vice Chairman of Goldman Sachs and former President of the Federal Reserve Bank of Dallas. Kaplan also spoke of the importance of investing in education and professional skills to help the US workforce adapt to an AI-enabled world. Robert spoke to Anna Edwards on "The Pulse" on Bloomberg Television on December 4.

Leia mais: Fed Must Remain Independent, Goldman's Kaplan Says
Bloomberg

Modi Rolls Out Red Carpet for Putin, Defying US Pressure

India is rolling out the red carpet for Russian President Vladimir Putin, despite efforts by Western democracies to cast him as an international pariah. Prime Minister Narendra Modi has called the India Russia friendship "time tested" and one that has greatly benefited the people. Bloomberg's India government reporter Sudhi Ranjan Sen spoke with Haslinda Amin on how these ties continue to withstand U.S. pressure.

Leia mais: Modi Rolls Out Red Carpet for Putin, Defying US Pressure
Bloomberg

Warner Bros. Is Said to Begin Exclusive Talks With Netflix

Warner Bros. Discovery Inc. has entered exclusive negotiations to sell its film and TV studios and HBO Max streaming service to Netflix Inc., according to people familiar with the discussions. The two companies could announce a deal as soon as in the coming days, assuming talks don't fall apart, the people said. Bloomberg's Manuel Baigorri breaks down the situation.

Leia mais: Warner Bros. Is Said to Begin Exclusive Talks With Netflix
Bloomberg
Politics

German Parliament to Vote on Pension Bill

Chancellor Friedrich Merz's ruling coalition faces a key vote in parliament on a pension bill. A group of about 18 younger lawmakers from his own party has rebelled against the bill, which is due to go to a final ballot in the Bundestag at around 12:30 p.m. in Berlin. The move threatens to wipe out the coalition's majority of just 12 seats and deal another blow to Merz's credibility. Bloomberg's Oliver Crook reports.

Leia mais: German Parliament to Vote on Pension Bill