The Biden administration is preparing a military assistance package of roughly $750 million for Ukraine in its battles against Russian invaders, people familiar with the matter said Tuesday night. The weapons and other equipment are expected to be sent under presidential drawdown authority, which allows President Joe Biden to transfer equipment from U.S. stocks without congressional approval in order to speed up delivery during an emergency. The types of weapons in the package are still being discussed and are not yet finalized, added the people, who requested anonymity to discuss the assistance before it was announced. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Subscribe to our newest channel Quicktake Explained: https://bit.ly/3iERrup Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake