Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) US Defense Secretary Lloyd Austin has announced a new maritime task force intended to protect commercial vessels travelling through the Red Sea from attacks by Houthi militants. The countries involved in the new task force — dubbed Operation Prosperity Guardian — include the US, the UK, Bahrain, Canada, France, Italy, the Netherlands, Norway, the Seychelles and Spain.

(2) The Bank of Japan offered little for rate-hike bulls as it stuck with the world's last negative interest rate and kept guidance unchanged on future policy in a decision that pared some of the yen's recent gains.

(3) Apple will stop selling the latest versions of its smartwatch in the US due to a patent dispute, taking some of its best-selling devices off the market during the busy holiday season. Engineers at the company are racing to make changes to algorithms on the device that measure a user's blood oxygen level — a feature that Masimo has argued infringes its patents. 

(4) Nippon Steel has defended the whopping 142% premium it's paying for United States Steel, as the Japanese company seeks to reinforce its position as a global titan to counter a weak domestic outlook.

(5) The UK government has lost close to £300 million ($379 million) on the £1.14 billion portfolio of start-up investments it made during the pandemic to prop up struggling young businesses. 

Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:
(1) US Defense Secretary Lloyd Austin has announced a new maritime task force intended to protect commercial vessels travelling through the Red Sea from attacks by Houthi militants. The countries involved in the new task force — dubbed Operation Prosperity Guardian — include the US, the UK, Bahrain, Canada, France, Italy, the Netherlands, Norway, the Seychelles and Spain.
(2) The Bank of Japan offered little for rate-hike bulls as it stuck with the world's last negative interest rate and kept guidance unchanged on future policy in a decision that pared some of the yen's recent gains.
(3) Apple will stop selling the latest versions of its smartwatch in the US due to a patent dispute, taking some of its best-selling devices off the market during the busy holiday season. Engineers at the company are racing to make changes to algorithms on the device that measure a user's blood oxygen level — a feature that Masimo has argued infringes its patents. 
(4) Nippon Steel has defended the whopping 142% premium it's paying for United States Steel, as the Japanese company seeks to reinforce its position as a global titan to counter a weak domestic outlook.
(5) The UK government has lost close to £300 million ($379 million) on the £1.14 billion portfolio of start-up investments it made during the pandemic to prop up struggling young businesses.

Bloomberg Daybreak delivers today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 2,700 journalists and analysts in 120 countries.

Bloomberg Daybreak delivers today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 2,700 journalists and analysts in 120 countries.

Bloomberg Daybreak: Europe Edition

Red Sea Navy Task Force, BoJ Unmoved & Apple's Watch Ban

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ef24e0e4-a865-48cf-a642-b0dd00701608/transcript

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