Today's show is brought to you by Vanguard. To all the financial advisors listening, let's talk bonds for a minute. Capturing value and fixed income is not easy.

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Donald Trump is rewriting the Washington rule book and reshaping the global economy. If you're trying to connect

the dots behind the headlines, Bloomberg's Trumponomics podcast is here to help. I'm Stephanie

Flanders, head of government and economics at Bloomberg. Every week I'll bring you a smart,

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Listen to new episodes every Wednesday and follow Trumponomics wherever you listen.

Bloomberg Audio Studios. Podcasts, Radio News.

Bloomberg Tech is live from coast to coast with Caroline Hyde in New York and Ed Lovello in San Francisco.

This is Bloomberg Tech coming up. Spotify added a record number of users last quarter,

thanks to its end of year wrapped campaign. Shares surge.

Plus Paramount enhances its bid for Warner Brothers Discovery,

offering billions to cover termination, debt refinancing and ticking fees.

Details this hour.

And Runway CEO, Cristobal Valenzuela, joins us to talk about

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