Nuclear Startup Deep Fission Has 12.5 GW Pipeline, CEO Says

In a controversial move, Trump has decided to withhold $40.6 million in funding from California, citing the state's new English language requirements for truck drivers as the reason. This decision has sparked significant debate, as it raises questions about federal influence over state regulations and the potential impact on the trucking industry. Many argue that this could hinder job opportunities for non-English speaking drivers, while others see it as a necessary step to ensure safety and compliance in transportation.

Bloomberg Markets provides insights into the latest market movements across various asset classes, featuring discussions with industry experts. Today's episode includes notable guests like Liz Muller, CEO of Deep Fission, and Bloomberg analysts. This matters as it helps investors and market watchers stay informed about trends and challenges affecting Wall Street.

Democratic Representative Sam Liccardo from California criticized House Republicans for being 'on vacation' during the ongoing government shutdown. He emphasized that negotiations could resume if House Speaker Mike Johnson calls the chamber back into session. This situation is crucial as it highlights the political gridlock affecting government operations and the urgency for bipartisan cooperation to resolve the shutdown.

Deep Fission, an energy firm, is set to deliver 12.5 gigawatts of power for data centers, but CEO Liz Muller warns that the current excitement in the nuclear industry, described as 'froth', will soon diminish as costs and timelines become clearer. This insight, shared during an interview on Bloomberg Markets, highlights the need for realistic expectations in the rapidly evolving nuclear sector, which is seeing a surge in investments.

Diane Keaton, the beloved actress who passed away at 79, left behind a heartwarming legacy through her final act of kindness. After her death, the Helen Woodward Animal Center revealed her commitment to animal rescue, showcasing her passion for helping pets in need. This story not only honors her memory but also highlights the importance of compassion towards animals, inspiring others to follow in her footsteps and support similar causes.

California Governor Gavin Newsom has vetoed a bill aimed at limiting port automation, which would have restricted local and federal funding for investments in autonomous operations. This decision is significant as it reflects the ongoing debate over the balance between technological advancement and job security in the shipping industry. By allowing automation to continue, the state is prioritizing efficiency and innovation, but it raises concerns about the potential impact on employment for workers in the sector.

California has taken a significant step in healthcare regulation by enacting new laws aimed at reviewing private-equity acquisitions in the medical sector. Signed by Governor Gavin Newsom, these laws are designed to ensure that healthcare deals are scrutinized more closely, which could lead to better patient care and accountability in the industry. This move is important as it reflects a growing concern over the influence of private equity in healthcare and aims to protect the interests of patients and communities.

California Governor Gavin Newsom has signed a new law aimed at regulating artificial intelligence to better protect children and teenagers from potential harms associated with AI chatbots. With four children of his own, Newsom emphasizes the state's duty to ensure a safe digital environment for young users. This legislation is significant as it sets a precedent for how states can approach the rapidly evolving landscape of AI technology, prioritizing the safety and well-being of the younger generation.

Chinese coal prices are on the rise due to increasingly unpredictable weather and heightened government oversight of mining operations. This scrutiny aims to prevent accidents and manage overproduction, which is crucial for maintaining safety and stability in the coal industry. As the government takes these steps, it reflects a proactive approach to balancing energy needs with safety concerns.

Asian stocks are on the rise as investors remain optimistic about potential interest rate cuts by the Federal Reserve. This positive sentiment is further bolstered by Australia's impressive performance, reaching record highs despite disappointing jobs data. The market's reaction highlights the resilience of investors who are looking for opportunities even in challenging economic conditions, making this a significant moment for the region's financial landscape.

Yuan option traders are gearing up for increased volatility as escalating trade tensions between the US and China are expected to persist into early 2026. This situation is significant because it highlights the ongoing economic friction between two of the world's largest economies, which could have far-reaching implications for global markets and trade dynamics.

Infosys and Wipro's recent earnings reports have raised concerns among investors, reflecting the ongoing challenges faced by the IT sector. As these companies navigate a tough economic landscape, their performance is crucial for market sentiment. Investors are closely watching how these results will influence stock prices and overall confidence in the tech industry.

Protests in Ecuador are calming down as the government and Indigenous groups have agreed to initiate formal talks next week. This is significant because it shows a willingness from both sides to engage in dialogue, potentially leading to a resolution of the tensions surrounding the government's controversial plan to cut diesel subsidies.

MacKenzie Scott has made headlines again with her generous $40 million donation to the African American Cultural Heritage Action Fund, significantly increasing her previous contribution of $20 million in 2021. This fund plays a crucial role in preserving sites tied to Black history in the U.S., highlighting Scott's commitment to diversity, equity, and inclusion. Her continued support not only aids in safeguarding cultural heritage but also inspires others to contribute to meaningful causes, making a lasting impact on communities.