Bloomberg Businessweek

The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.On this special edition of the Bloomberg Businessweek Daily podcast, we focus on business schools and how they're responding to the new challenges facing students and graduates as they enter a workforce shaped by economic uncertainty and the rapid growth of artificial intelligence. Hosts Carol Massar and Tim Stenovec, along with Bloomberg Businessweek senior editor Dimitra Kessenides, speak with: Jenny Chatman, Bank of America Dean of the Haas School of Business, co-director of the Berkeley Center for Workplace Culture and Innovation Eloïc Peyrache, Dean and CEO at HEC Paris See omnystudio.com/listener for privacy information.

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."Hosted by Carol Massar and Tim StenovecHear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.The US Department of Education wants to grease the wheels for college mergers and acquisitions, a rare Trump administration proposal with broad support from university leaders who see the policy helping the sector withstand a wave of financial distress. Grambling State University is hoping to benefit from this potential proposal, especially as the university is set to celebrate its 125th anniversary and the institution’s enduring cultural legacy.For more, Christina Ruffini and Tim Stenovec, spoke with Dr. Martin Lemelle, Jr, Grambling State University President and how he is adapting private-sector strategies to create a healthier financial ecosystem at Grambling. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.SpaceX has won a contract for more than $4 billion to build satellites to track foreign aircraft and missiles as part of President Donald Trump’s Golden Dome defensive shield.The space-based tracking network integrates space sensors, communication systems and AI-enabled ground processing to look and alert for airborne threats from orbit, according to a US Space Force statement Friday. The US had been using ground-based sensors and military aircraft to monitor the skies, but placing detection capabilities in space could eliminate potential blind spots, the Space Force said.The $4.16 billion award underscores SpaceX’s deepening ties to the Pentagon and its close involvement with Golden Dome, which is intended to protect the US from attacks through layered defense systems ranging from Earth to space. SpaceX is already under contract to develop prototypes of space-based interceptors for the project and is part of a multi-company software consortium building the operating layer underpinning Golden Dome, Bloomberg has reported.On this episode, guest host Christina Ruffini and Tim Stenovec speak with: Sana Pashankar, Bloomberg Space Reporter Zack Gharib, President, Red Roof on expansion into Canada, consumer trends and travel behavior Woo Jin Ho, Bloomberg Intelligence Senior Hardware and Networking Analyst on On Dell Soars Most in Two Years on Outlook Fueled by AI Servers Dr. Amesh Adalja, Johns Hopkins Center for Health Security Bloomberg School of Public Health Senior Scholar on Ebola latest/health news roundup Deborah Harpur, Founder and CEO, FanClub AI on FanClub AI, a new venture building rights infrastructure for the generative AI era See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Food is an essential part of every workday; it brings employees together to connect and enables collaboration. But it's often unmanaged, with multiple vendors, decentralized spend, and no single owner. 92% of employers say that providing food makes employees more productive, and 86% of hybrid employers say food encourages employees to work onsite. ezCater is a workplace food tech platform that connects organizations of all sizes and industries with over 125,000 restaurants nationwide to make food easy to order, manage, and scale.For more, guest hosts Matt Miller and Alexis Christophorous spoke with Nihad Rahman, CEO of ezCater. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Apple Inc.’s much-anticipated Siri overhaul is set to become the centerpiece of its next iPhone, iPad and Mac software updates — and Bloomberg News is offering the first peek at what the new digital assistant will look like.Illustrations created by Bloomberg show the revamped Siri interface, a new chatbot-style app and other major iOS 27 changes that the company plans to announce at its June 8 Worldwide Developers Conference. The images are based on information viewed by Bloomberg and people with knowledge of the company’s plans who asked not to be identified because the software isn’t yet public.An Apple spokesperson declined to comment. The company often tests multiple designs of features internally, and the final version set to be introduced to the public in June could differ.On this episode, guest hosts Matt Miller and Alexis Christophorous speak with: Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech Jay Chaudhry, Founder & CEO, Zscaler on Zscaler Sinks as Revenue Forecast Misses Estimates Kevin Tynan, Director of Research at The Presidio Group on Ferrari CEO Says First EV Racks Up Orders Despite Criticism Albert Douer, UBQ Chairman and CEO on UBQ's plastic alternatives products and filling the void amid Iran/supply chain ripples See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.The Man Who Stole the Gods uncovers the global conspiracy behind the decades-long looting of Cambodia's sacred heritage following the devastation of the Khmer Rouge genocide. At the center o the empire sits Douglas Latchford, a charismatic British expatriate who spend a lifetime masquerading as a passionate scholar while secretly masterminding a multi-million dollar antiquities trafficking ring. For more, Tim Stenovec and guest host Christina Ruffini speak with Matthew Campbell, Bloomberg Businessweek Reporter. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.When global equities are offering such meaty returns, betting on the broader markets will pay off better than a quest for individual winners.South Korea’s SK Hynix on Wednesday became just the third Asian company to join club of companies with a market capitalization of $1 trillion. That is a coveted distinction considering that even the Nasdaq 100 boasts only 10 companies that are part of the group.One day earlier, Micron has experienced a significant market surge, surpassing a $1 trillion valuation driven by robust demand in the artificial intelligence sector. Despite this, the company remains undervalued, trading at under 10 times forward earnings.On this episode, guest host Christina Ruffini and Tim speak with: Ian King, Bloomberg News US Semiconductor Reporter Brieane Olson, PacSun CEO on new book 'Co-Created: The Cultural Strategy That Redefined Pacsun' and her turnaround of the company Kelsey Berro, JPMorgan Asset Management Global Fixed Income, Currency and Commodities (GFICC) Portfolio Manager   See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.The unveiling of the $640,000 Ferrari Luce drew largely negative reactions from industry analysts and social media influencers alike, who compared the four-door, five seater’s design to mass-market EVs. For the Luce, Ferrari moved away from the style associated with design chief Flavio Manzoni and tapped Apple Inc.’s former head of design, Jony Ive, to shape the vehicle.For more, Tim Stenovec and Alex Semenova speak with Hannah Elliott, Bloomberg Pursuits Staff Writer and Car Critic AND Co-Host of the 'Hot Pursuit' Podcast See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.The K-shaped economy has frozen homeowners in place, as middle-income buyers can afford only 21% of homes on the market (down from 50% pre-pandemic). Homeowners are sitting on historic 3% to 4% mortgages that they absolutely refuse to surrender. Because inventory is virtually nonexistent, moving simply isn't an option for most. Since they can't move, we see them choosing to reinvest in their current homes instead. They can't buy up. They can't move. So they're renovating. On this episode, Alex Semenova and Tim speak with: Mike Petrakis, Founder and CEO of PowerPay AND Philip Brenckle, West Shore Home CFO on The K-shaped economy has frozen homeowners in place Madison Muller, Bloomberg News US Health Care Reporter On Lilly to Buy Three Vaccine Developers for Up to $3.8 Billion AND Ebola Vaccine From Oxford Covid Team Nears Production for Trials Peter Atwater, President, Financial Insyghts on his latest: how we went from a K-Shaped Recovery to a full-blown K-Shaped American Experience Dr. Michael Swanson, Chief Agriculture Economist, Wells Fargo Agri-Food Institute on agriculture prices, prices in the grocery aisle See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.BBQ sauce has long been an American staple, but what people reach for is changing. Today's cooks want heat with depth, texture with a story, and flavor that takes them somewhere beyond the backyard grill. Asian inspired flavor profiles are leading that evolution. Mr. Bing, the chef-approved Pan-Asian street sauce brand, wants to help bring bold, globally inspired flavor to everyday meals and modern menus.For more, Tim Stenovec and Carol Massar speak with Brian Goldberg, the Founder and Chief Growth Office of Mr. Bing Foods. See omnystudio.com/listener for privacy information.

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."Hosted by Carol Massar and Tim StenovecHear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.During the pandemic and the subsequent "Great Resignation," corporate leaders adopted an empathetic, employee-friendly persona, offering flexible remote-work policies, wellness perks, and mental health support to attract scarce talent. However, as economic pressures like inflation and high interest rates mounted, the labor market cooled, shifting leverage firmly back into the hands of employers. In response, CEOs quickly abandoned their "warm and fuzzy" approach to prioritize profit margins and shareholder demands.This shift has ushered in a ruthless return to aggressive workforce management and cost-cutting. To extract maximum productivity, executives are enforcing strict return-to-office mandates, rolling back employee perks, and utilizing performance reviews to quietly downsize staff. With fewer job openings available, workers are being forced to accept heavier workloads and tighter corporate surveillance, signaling a definitive end to the brief era of employee empowerment.On this episode, Carol and Tim speak with: Matthew Boyle, Bloomberg News Senior Reporter, Work and Management on CEOs Drop Warm and Fuzzy in 'Ruthless' Push to Squeeze Workers Nakul Duggal, Head of Qualcomm's Automotive, Robotics and IoT Businesses on Qualcomm and Stellantis announced a partnership to enable automated driving on millions of Stellantis vehicles using Qualcomm Technologies’ Snapdragon Ride Pilot system   Stew Leonard Jr., Stew Leonard's President & CEO on Memorial Day grilling/grocery costs See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.When Kevin Hart announced in January that he’d licensed his name to Authentic Brands Group, the popular comedian was silent on a key detail: the future of his namesake media company. Hart sold some ownership and oversight of his brand in exchange for an undisclosed sum of money and a stake in Authentic, a New York-based firm that manages the likenesses of Marilyn Monroe, Muhammad Ali, Shaquille O’Neal and David Beckham. Hart used the partnership with Authentic to reset his relationship with the people around him and his company, according to six current and former employees. Hart’s employees say they worry that this deal marks the beginning of the end of Hartbeat, the comedian’s namesake media company that produces films, owns a network of short-form video channels and handles marketing for brands. Though the announcement made no mention of Hartbeat, the agreement gave Hart money to buy out his private equity partner in the company over time and regain control of the use of his name, image and likeness. Hart’s endorsement deals, which had been a pillar of Hartbeat business, will now be handled by Authentic.For more, Tim Stenovec and Emily Graffeo speak with Lucas Shaw, Bloomberg News Managing Editor, Media & Entertainment and writer of the Bloomberg Screentime Newsletter See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.SpaceX is marketing itself to IPO investors as an artificial intelligence play targeting a $26.5 trillion potential market opportunity, signaling its intention to wrest business from investor darlings whose valuations have soared.The company, formally known as Space Exploration Technologies Corp., leaned heavily on its ambitions in the ever-expanding AI market in its initial public offering filing Wednesday. Out of a $28.5 trillion total addressable market across its businesses, SpaceX sees AI opportunities accounting for 93%, with enterprise applications accounting for the vast majority. Space, Starlink internet and mobile would contribute close to $2 trillion.Elon Musk’s rocket, satellite and AI company is effectively basing its pitch for the biggest IPO in history on the idea that it can capture a huge share of the market from the likes of OpenAI, Anthropic PBC and Alphabet Inc.’s AI systems: technology that will eventually automate large swaths of white-collar and administrative work, creating a massive market for software that can perform digital tasks traditionally handled by humans.On this episode, Carol and Tim speak with: Ed Ludlow, Bloomberg Tech Co-Host Gautam Bhandari, Co-Founder, Managing Partner & Global CIO at I Squared on data from the ISQ OpenInfra Index, showing survey results of financial advisors who work with alternative investments Tripp Hornick, Principal, Quince Street Strategy on national security, critical minerals policy, global supply chain risk mitigation of the Trump administration Dr. Danish Nagda, CEO of Rezilient Health on Rezy AI health care platform and health care technology See omnystudio.com/listener for privacy information.

Active managers who briefly looked like they might finally have their moment earlier this year are once again confronting a familiar problem: a market rally driven by a tiny group of tech mega caps that diversified portfolios simply can’t keep up with.The share of mutual funds outperforming the S&P 500 this year has plunged to just 28%, according to the latest data from Barclays, down from over 60% at the end of February. After benefiting from a rotation out of high flying technology shares and into the broader market, stock pickers are getting left behind as money floods back into a narrow group of AI-fueled heavyweights.For more on the generally bearish, Tim Stenovec and Emily Graffeo speaks with Thomas Thornton, President at Hedge Fund Telemetry and Alexandra Semenova, Bloomberg US Stocks Reporter  See omnystudio.com/listener for privacy information.

Nvidia, the world’s most valuable company, delivered a sales forecast that drew a lukewarm reaction from investors, even as revenue from data center operators continued to surge.Sales in the three months ending in July will be about $91 billion, the company said in a statement late Wednesday. Though analysts estimated $87 billion on average, projections ranged as high as $96 billion, according to data compiled by Bloomberg. For instant reaction and analysis, Bloomberg Businessweek Daily hosts Tim Stenovec and Emily Graffeo speak with: Ed Ludlow, Bloomberg Tech co-host Paul Meeks, Head of Technology Research at Freedom Capital Markets Jay Goldberg, Seaport Research Partners Kunjan Sobhani, Bloomberg Intelligence Senior Semiconductor Analyst See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.OpenAI is preparing to file for an initial public offering in the coming weeks and is targeting a public debut sometime in the fall, according to a person familiar with the plan.The ChatGPT creator is working with Goldman Sachs and Morgan Stanley to make a confidential IPO filing as soon as Friday, but the exact timing remains uncertain, the person said, asking not to be identified because the information isn’t public. OpenAI said in a statement: “We regularly evaluate a range of strategic options. Our focus remains on execution.”OpenAI has been laying the groundwork to go public as soon as this year as part of a broader effort to raise more capital and pay for its costly push for more chips, data centers and talent, Bloomberg News has previously reported. Rivals Anthropic PBC and SpaceX are also preparing for listings. SpaceX’s IPO paperwork may be made public as soon as Wednesday.On this episode, Carol and Tim speak with: Ed Ludlow, Bloomberg Tech Co-Host Kurt Wagner,  Bloomberg News Senior Technology Reporter on Meta Begins 8,000 Global Job Cuts in AI Efficiency Push  Patrick Clark, Bloomberg News Real Estate Reporter on Wall Street Takes Its Cut of $34 Trillion in US Homeowner Wealth See omnystudio.com/listener for privacy information.

The Golden State Valkyries have made sports history by becoming the first $1 billion franchise in women's sports. In just its second year in the league, that makes the Valkyries the first-ever women’s team in any sport to reach that valuation. Jess Smith is President of the WNBA team Golden State Valkyries. She speaks with Tim Stenovec and Alexandra Semenova. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Today, the debate is no longer about authenticity. It is about value perception, branding, sustainability, craftsmanship, transparency and consumer preference. Lab-grown diamonds are now widely accepted as real diamonds, with the same physical, chemical and optical properties as mined diamonds. The FTC and international trade standards recognize laboratory-grown diamonds as diamonds, provided disclosure is clear. Consumer perception has shifted dramatically over the last few years, moving the discussion away from origin and towards quality, craftsmanship, light performance and value. Lab-grown diamonds should not be confused with simulants such as cubic zirconia or moissanite, which are not carbon-based diamonds.On this episode, Carol and Tim speak with: Nathalie Morrison, Astrea London Founder Brett Mufson, President of Fontainebleau Development Kristy Ellmer, BCG US Managing Partner & Director AND co-author of 'How Change Really Works' See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Carol Massar and Tim Stenovec broadcast live from the NYSE trading floor with our partners at LifeMD for important conversations on the future of the healthcare industry.On this episode, Carol and Tim speak with: Dr. Joan LaRovere, Interim CMO Boston Children's Hospital AND Co-Founder & President of the Virtue Foundation Dr. Stephanie Faubion,  Medical Director of The Menopause Society AND Penny and Bill George Director of Mayo Clinic's Center for Women's Health  Dr. Karen Koffler, Director, Integrative and Functional Medicine, Miami Whole Health; Professor, University of Miami School of Medicine  See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Carol Massar and Tim Stenovec broadcast live from the NYSE trading floor with our partners at LifeMD for important conversations on the future of the healthcare industry. On this episode, Carol and Tim speak with: Dr. Doug Lucas, Orthopedic Surgeon; Clinical Lead, Bone Health & Longevity, LifeMD Rear Admiral Dr. Susan Blumenthal, Former Assistant Surgeon General and the First-ever Deputy Assistant Secretary for Women’s Health Justin Schreiber, LifeMD Chairman CEO & Co-Founder See omnystudio.com/listener for privacy information.

Over the next year, The MINA Group will continue its expansion into several new markets, including North Carolina, largely through strategic partnerships with major hotel groups. It's been their playbook for quite some time. Through their portfolio of crowd-pleasing concepts, The Mina Group has become one of the most sought-after hospitality brands for major hotel groups looking to strengthen their F&B offerings – Michael's restaurants have a presence across brands like Four Seasons and Resorts, The Ritz-Carlton, Bellagio, JW Marriott Essex House, Westin St. Francis, and more.Balancing scale with creativity has been a core part of MINA Group's success. Rather than a one-size-fits-all model, the group crafts concepts that are highly site-specific, adapting even signature brands to reflect culture/audience/energy of each property. Michael Mina is the Chef, Founder and Executive Chairman of the MINA Group, an award-winning restaurant management company with a collection of over 30 chef-driven concepts across the country that showcase the best of food, wine and spirits. He speaks with Carol Massar and Tim Stenovec. See omnystudio.com/listener for privacy information.

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."Hosted by Carol Massar and Tim StenovecHear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Much of the world still thinks of Amazon.com Inc. as Jeff Bezos’ company. But Bezos, the fourth-wealthiest person on the planet, hasn’t led Amazon for five years. Under his handpicked successor, Andy Jassy, Amazon’s market value has increased by 45% as it’s pushed further into retail, advertising, sports broadcasting, filmmaking and now the AI wave that’s coming for us all, whether we like it or not.Jassy, and the way he’s pulled Amazon into the artificial intelligence age, is the subject of our June cover story. But if Bezos and his politics still color your feelings about the company — and your Prime membership status — you might want to reconsider. He remains Amazon’s executive chairman, speaks last at board meetings and shares his enthusiasm for new technologies like robotics. But he stays out of operational decisions, other board members tell us. “No one is confused that Andy’s the CEO and Jeff is in there as an incredible asset,” said Brad Smith, the former CEO of Intuit and an Amazon board member since 2023.Bezos deserves credit for what was by all accounts a model CEO transition. The world today is full of companies (and political movements) inextricably linked to a single person. Tesla Inc. would have a fraction of its market value without Elon Musk at its helm and the army of credulous investors who hang on his sci-fi prognostications. Other companies — Airbnb, Meta Platforms, Nvidia, Palantir, to name a few — remain linked to their founders, who seem to like it that way. Bezos selected his successor and stepped out of the way.On today's episode, hosts Carol Massar and Tim Stenovec speak with: Brad Stone, Bloomberg Businessweek Editor Blake Leonard, Stew Leonard’s Wines & Spirits President Kai Boysan, Flix North America CEO See omnystudio.com/listener for privacy information.

Airlines are cutting uneconomic routes, revising forecasts, and building in buffers, effectively managing around volatility rather than eliminating it. That’s creating a downstream behavioral shift. Travelers, particularly at the premium end, are no longer optimizing for price or experience alone. They’re prioritizing predictability and control over their time, a dynamic that is beginning to reshape both commercial and private aviation.In private aviation, that shift is even more pronounced. Demand remains strong, but the real differentiator is no longer access, its execution, especially in constrained environments where the gap between scheduled and actual travel becomes most visible.Alan Walsh is the President of Sentient Jet. He speaks with Carol Massar and Tim Stenovec. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Jared Kushner, envoy for President Donald Trump, sends WhatsApp messages to royals across the Persian Gulf and has participated in investment meetings at his private equity firm, Affinity Partners.Affinity Partners manages billions of dollars for Qatar, Saudi Arabia, and the United Arab Emirates, which have agreed to pay Kushner's firm tens of millions of dollars in fees annually.Kushner's financial interests have created a fraught backdrop as Trump tries to put an end to the biggest foreign-policy crisis of his presidency, with critics saying his twin roles as diplomat and investor have blurred lines between public policy and private profit.On today's episode, hosts Carol Massar and Tim Stenovec speak with: David Gillen, Bloomberg News Senior Editor On Kushner Disappoints Mideast Clients Who Spent Millions for Sway George Mattson, Wheels Up CEO on earnings, Delta partnership Lizzie Fournier, Bloomberg News Senior Editor On Big Take: Here Is Jeffrey Epstein’s Sprawling Web of Influence See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Hosts Carol Massar and Tim Stenovec speak with Haley Sacks: Mrs. Dow Jones and author of 'Future Rich Person'. They discuss her work, personal finance tailored for Gen Z and how young people can build wealth. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.The latest reports from “Little St. Jeff’s,” the notorious Caribbean hideaway of Jeffrey Epstein, are startling.One recent visitor was allegedly hog-tied naked. Would-be interlopers on jet skis have been chased away. Another, apparently, was bound with duct tape and assaulted in the presence of police officers.Epstein has been dead for almost seven years, but this strange new drama is now playing out on what was once his private island — Little St. James in the US Virgin Islands. The new owner, distressed-debt billionaire and Black Diamond founder Stephen Deckoff, has been besieged by curiosity-seekers and voyeurs. On today's episode, hosts Carol Massar and Tim Stenovec speak with: Sri Natarajan, Bloomberg News Chief Wall Street Correspondent & Ava Benny-Morrison, Bloomberg News Senior Legal Reporter on how the new owner of Jeffrey Epstein's private island has been dealing with curiosity-seekers, voyeurs and other unwanted visitors Gerry Doyle, Bloomberg News Global Defense Editor on BIG TAKE: China’s Secretive Missile Program Is Making Dozens of Companies Rich John Connors, CEO of Boathouse on C-suite report about AI and the labor market See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.  Carol Massar and Tim Stenovec speak with Sherry Paul, managing director at Morgan Stanley Private Wealth Management and private wealth advisor, alongside Bloomberg News senior editor Claire Obusan on the difference between having money and having money authority as part of our 'Women, Money and Power' segment - charting the generational economic shift toward women. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. On this episode, hosts Carol Massar and Tim Stenovec speak to: Yoni Assia, eToro CEO on eToro's earnings, the retail trading space and how AI could be reshaping it, and why he's bullish on Bitcoin and crypto Silla Brush, Bloomberg News Investing Reporter & Kat Doherty, Bloomberg News Finance Reporter on US derivatives exchange CME creating a futures market for computing power Chris Palmeri, Bloomberg News Senior Editor and Entertainment team leader on big media upfronts Matt Atkenson, Ford Pro North America Sales & Operations Executive Director on small businesses   See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.  On this episode of Bloomberg Businessweek Daily, hosts Carol Massar and Tim Stenovec speak with Bill Rauch and Zhailon Levingston, co-directors of 'Cats: The Jellice Ball' about their newly reimaging and relaunching of the beloved Broadway musical.  See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. On this episode of Bloomberg Businessweek Daily, hosts Carol Massar and Tim Stenovec speak with: Jeff Kip, CEO of Angi on the company's latest earnings, AI efforts and its outlook on the housing market. Denise Paulonis, Sally Beauty CEO and President on her company's results, why she thinks lower-end consumers are feeling pressure, and the company's TikTok and social media e-commerce strategies. Amara Omeokwe, Bloomberg News Federal Reserve reporter on her Big Take and Businessweek feature: Powell Exits With Legacy Built on Central Bank Independence See omnystudio.com/listener for privacy information.

Blackstone Life Sciences, which has some $17 billion in assets under management, typically invests in late-stage medicines invented by biotech and pharmaceutical companies in exchange for a royalty on future sales. In 2024, for example, the firm invested as much as $750 million in financing for Moderna’s flu vaccine development.But Blackstone also wants to own a stake in some companies that it backs. In late March, Blackstone closed its latest life-sciences fund with $6.3 billion of commitments, the firm’s biggest haul for backing clinical trials of medicines and technologies. Dr. Jenny Rooke is Founder and Managing Director of Genoa Ventures. She discusses the cross between tech and health with Carol Massar and Tim Stenovec. See omnystudio.com/listener for privacy information.

Featuring some of our favorite conversations of the week from our daily radio show “Bloomberg Businessweek Daily.”  Hosted by Carol Massar and Tim Stenovec Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio. You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.  Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Businessweek visited Three Mile Island and went inside the training facility preparing for the the plant to come back online as soon as mid-2027. Thanks to a long-term agreement signed by Microsoft Corp. and Constellation Energy Corp. in September 2024, the energy from the plant will power chatbots and other artificial intelligence applications.  All this under a new and baggage-free name: the Crane Clean Energy Center. The agreement commits Microsoft to buying all the electricity produced by the site’s remaining functional 835-megawatt reactor for 20 years. Today's show features: Will Wade, Bloomberg Energy Reporter on how Microsoft's vast power demands are bringing together two transformative—and risky—technologies Christel Rendu de Lint, co-CEO at Vontobel Daniel Barcelo, Chairman and CEO at T1 Energy on state of energy industry Michael Gross, SLR Capital Partners Co-Founder and James Crombie, Bloomberg Senior Editor for Credit on state of Private Credit Meenakshi Lala, CEO at UrbanStems See omnystudio.com/listener for privacy information.

While today's devices put the world’s information at our fingertips, they do not help us with some of the cognitive skills that are arguably more important to leading a successful life. Combining psychology, artificial intelligence, human computer interaction and neuroscience, the Fluid Interfaces group designs, develops and tests systems and experiences for supporting motivation, attention, memory, learning, creativity, critical thinking, reasoning, communication, sleep quality and emotion regulation.Dr. Pattie Maes is Professor of Media Arts & Sciences AND Head of Fluid Interfaces Group at the MIT Media Lab. She discusses the intersection between human psychology and large language models. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Elanco Animal Health recently reported upbeat results showing market gains against their key rival in the animal health space, Zoetis. Hosts Carol and Tim speak with Elanco president and CEO Jeff Simmons about the company's earnings and how the animal health industry could serve as a bellwether for consumer health. Today's show features: Jeff Simmons, President and CEO at Elanco Animal Health Gal Krubiner, co-founder and CEO at Pagaya Technologies Revathi Advaithi, CEO of Flex on Earnings, Spinoff Announcement See omnystudio.com/listener for privacy information.

Cathie Wood, Founder, CEO and CIO of Ark Invest speaks on the latest ventures with Elon Musk, her thoughts on SpaceX's upcoming IPO, and plans to spend $120 billion to build world's biggest chip plant. She speaks with Carol Massar and Bloomberg Balance of Power co-host Joe Mathieu at the 29th Annual Milken Institute Global Conference in Beverly Hills. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.  Bloomberg Washington Correspondent Joe Mathieu and Bloomberg Businessweek Daily co-host Carol Massar broadcast live from the 29th annual Milken Institute Global Conference in Beverly Hills, California.  On today's show, Joe and Carol speak with:  Fmr. Rep. Ted Deutch, CEO of the American Jewish Committee  Breezy Johnson, US Olympic Gold Medalist Alpine Ski Racer & Trisha Worthington, Chief Revenue and Philanthropic Officer for US Ski & SnowboardDr. Mehmet Oz, administrator of the Centers for Medicare & Medicaid ServicesBen Kennedy, NASCAR EVP & Chief Venue & Racing Innovation Officer & Jeff Gordon, NASCAR Hall of Famer/Hendrick Motorsports Vice Chairman See omnystudio.com/listener for privacy information.

Bloomberg Washington Correspondent Joe Mathieu and Bloomberg Businessweek Daily co-host Carol Massar broadcast live from the 29th annual Milken Institute Global Conference in Beverly Hills, California.  On today's show, Joe and Carol speak with: Steve Mnuchin, Liberty Strategic Capital, Founder and Managing Partner, Former Treasury Secretary under President Trump Amos Hochstein, Former Middle East Senior Advisor to President Biden Denise Leonhard, chief of Zelle Maria Korsnick, Nuclear Energy Institute CEO   Suzanne Clark, US Chamber of Commerce President Bridgit Mendler, Co-founder and CEO, Northwood See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.  Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.  Bloomberg Washington Correspondent Joe Mathieu and Bloomberg Businessweek Daily co-host Carol Massar broadcast live from the 29th annual Milken Institute Global Conference in Beverly Hills, California. On today's show, Joe and Carol speak with:  Ian Bremmer, CEO at Eurasia Group Bill Ackman, Pershing Square CEO  John Denton, International Chamber of Commerce Secretary General Senator Angela Alsobrooks (D-MD) See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Swamy Kotagiri, chief executive officer of auto supplier Magna International, joins hosts Carol Massar and Tim Stenovec to discuss his company's earnings and to talk about the state of the auto sector and growing demand for EVs. See omnystudio.com/listener for privacy information.

Featuring some of our favorite conversations of the week from our daily radio show “Bloomberg Businessweek Daily.” Hosted by Carol Massar and Tim Stenovec Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio. You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News. Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.  Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.  LIV Golf is hunting for new investors after Saudi Arabia ended its ongoing financial support for the loss-making league that briefly challenged the PGA Tour’s supremacy.  In a statement Thursday, LIV Golf announced it had appointed a new board led by turnaround consultants Gene Davis and Jon Zinman and is looking for talks with prospective global investors to help continue the league.  Following weeks of speculation, Saudi Arabia’s Public Investment Fund publicly confirmed its decision to stop funding LIV after the 2026 season, which is scheduled to end in August.  Today’s episode features:  Randall Williams, Bloomberg News US Sports Business Reporter  Christina Stembel, Farmgirl Flowers Founder & CEO on one week out from Mother’s Day  Chris Rovzar, Bloomberg Pursuits Editor on feature: There’s Never Been This Much Pressure for Men to Look Good at 60  Dan Sheridan, Brooks Running CEO See omnystudio.com/listener for privacy information.

Mount Sinai recently opened the Rowan Women's Health Center with a special focus on women's healthcare. As part of our weekly women's health segment, hosts Carol Massar and Tim Stenovec speak with Dr. Fanny Elahi, MD, PhD, Mount Sinai associate professor of neurology and neuroscience at the Icahn School of Medicine, about the new center, what it offers and how it might impact her work and research. See omnystudio.com/listener for privacy information.

Apple delivered second-quarter revenue that edged past analysts’ estimates, helped by demand for the iPhone and Mac, while failing to produce the blowout results that some investors were anticipating.  Revenue gained 17% to $111.2 billion during the period, which ended March 28, the company said in a statement Thursday. Analysts had anticipated $109.7 billion on average. Apple itself had projected sales growth of 13% to 16%.The company is benefiting from a series of new products launched in March, including the MacBook Neo, iPhone 17e, updated iPad Air models and a fresh MacBook Pro. The $599 Neo — Apple’s first major push into low-cost laptops — has been particularly popular and remains sold out at several retailers.Still, the results were uneven. Apple fell short of expectations in the Americas and Europe regions, while exceeding projections in China and other parts of Asia. The iPhone — its flagship product — was in line with the average Wall Street estimate. Today's show features: Ed Ludlow, Bloomberg Tech co-host Anurag Rana, Bloomberg Intelligence Senior Technology Analyst Kate Gulliver, Wayfair CFO See omnystudio.com/listener for privacy information.

Bloomberg News auto reporter Gabrielle Coppola speaks with hosts Carol Massar and Tim Stenovec about her Businessweek story on how social media influencers are drumming up interest from their US-based followers in Chinese EVs. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Four of the biggest companies in the US: Alphabet, Amazon, Meta and Microsoft all reported earnings after the bell. - Meta Platforms shares slid after the company raised its spending outlook for the year, reigniting fears that the historic levels of investment it’s making to build artificial intelligence models won’t pay off.- Microsoft's cloud business reported growth that narrowly beat analysts’ estimates, disappointing investors concerned that the company isn’t fully capitalizing on demand for AI services. - Amazon spent more than anticipated to expand data center capacity in the quarter, fueling the fastest sales growth for its cloud unit in more than three years.- Alphabet (GOOGL) reported quarterly revenue and profit that beat projections, fueled by strong growth in its cloud computing unit, signaling that the internet giant’s unprecedented investments in AI infrastructure are beginning to pay off. For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with: Ed Ludlow, cohost of Bloomberg Tech Ron Westfall, HyperFRAME Research Infrastructure and Networking VP & Practice Leader Anurag Rana, Bloomberg Intelligence Senior Technology Analyst Matt Day, Bloomberg News Technology Reporter See omnystudio.com/listener for privacy information.

Bloomberg's Tom Keene and Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance. Federal Reserve Chair Jerome Powell said he’ll remain at the central bank as a governor after his term as chair ends. “After my term as chair ends on May 15, I will continue to serve as a governor for a period of time to be determined,” Powell said Wednesday at a press conference.While Powell’s term as Fed chair ends on May 15, his seat on the Board of Governors doesn’t expire until 2028. “I plan to keep a low profile as a governor,” he said. “There is only ever one chair of the Federal Reserve Board. When Kevin Warsh is confirmed and sworn in, he will be that chair.” See omnystudio.com/listener for privacy information.

Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz break down the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance. Federal Reserve officials left interest rates unchanged, but revealed a deepening division over the outlook for policy amid increased uncertainty caused by the conflict in the Middle East.Four officials voted against the decision, including three who objected to language in their post-meeting statement that suggested the central bank would eventually resume cutting rates. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Manifest OS, a startup selling AI software to lawyers, has sealed a $60 million Series A funding round valuing it at $750 million.Investors in the round include Menlo Ventures, Kleiner Perkins, First Round Capital and Quiet Capital, according to a statement reviewed by Bloomberg News.Manifest OS was founded by Dan Mishin, an entrepreneur who said he spent tens of thousands of dollars on the legal paperwork to become a US citizen. He said his company’s mission is to “end the billable hour” to make legal services accessible to all.Manifest OS founder and CEO Dan Mishin talks to hosts Carol Massar and Tim Stenovec about his firm's latest funding round and how it's using the emerging technology in the legal world. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. A constellation of artificial-intelligence stocks dropped after OpenAI reportedly failed to meet its sales and user targets, rekindling doubts that the hundreds of billions of dollars that big companies are plowing into the technology will deliver sufficient profits anytime soon. The report dragged down the stocks of companies that have cut investment and business deals with OpenAI, which helped unleash the stock-market’s AI boom after the release of ChatGPT more than three years ago. The reported miss by OpenAI revived worries that have shadowed the stock market periodically for months as technology giants like Microsoft Corp., Meta Platforms Inc., Amazon.com Inc. and Alphabet Inc. invest heavily in AI and stocks have rallied on the back of it.Today's show features: Mandeep Singh, Bloomberg Intelligence Global Head of Technology Research Sarah Frier, Bloomberg News Big Tech Team Leader Rachel Metz, Bloomberg News AI Reporter Mitch Berlin, EY Americas Vice Chair, EY-Parthenon on state of the C-suite amid geopolitical uncertainty and questions about AI See omnystudio.com/listener for privacy information.

Opici Wines & Spirits Opici Wines & Spirits is a fourth-generation importer and producer with family roots in the wine business dating back to 1913. Led by Don Opici as CEO, the company features a growing portfolio of over 50 brands from around the world. The philosophy behind the Opici name remains the same today as it was over 100 years ago: a commitment to excellence, quality, and building meaningful relationships with customers, suppliers, and employees.Chris Wirth is the Director of Sustainability at Opici Wines & Spirits. He discusses the different ways wineries can be considered Sustainable and the inventive things that wineries are doing to become more environmentally friendly. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.A California man has been charged with trying to kill US President Donald Trump during an attack on a Washington gala dinner over the weekend.Cole Tomas Allen, 31, made his first appearance in federal court on Monday. He is also being charged with gun offenses.Allen will remain in custody for now. A detention hearing is set for later this week.Allen was wrested to the ground outside of the ballroom at the Washington Hilton where the White House Correspondents’ Association annual dinner was taking place Saturday evening.Administration officials have said Allen was trying to storm the event to target top US officials, including President Donald Trump, who was attending the event. Trump and Vice President JD Vance were evacuated.Allen’s exact targets and motives weren’t clear, although he did send a lengthy manifesto to family members that was seen by Bloomberg where he appeared to blast Trump as a “traitor” who committed crimes.Today's show features: Myles Miller, Bloomberg News Senior National Reporter Angela Stent, Senior Fellow at the American Enterprise Institute Thomas Black, Bloomberg Opinion Columnist on US Airlines Tie Up Stuart Paul, Bloomberg Economics US and Canada Economist on FOMC Preview See omnystudio.com/listener for privacy information.

The Earth spins, the Moon orbits, and the Sun pulls us through the galaxy. But humans haven't just watched from below; we've learned to understand that motion-and put it to work. In Everything Is Flying, Space Network COO Ross Hamilton reveals how human ingenuity transformed curiosity about the sky into the systems that power modern civilization. More than just the history of space exploration, this is the timeline of how orbit was harnessed and how space technology now forms the infrastructure of modern world. He speaks with Bloomberg's Carol Massar, Tim Stenovec, and Ed Ludlow. See omnystudio.com/listener for privacy information.

Featuring some of our favorite conversations of the week from our daily radio show “Bloomberg Businessweek Daily.”Hosted by Carol Massar and Tim Stenovec Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio. You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News. Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.  Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF  The Justice Department is ending a controversial investigation into building-renovation cost overruns at the Federal Reserve, potentially clearing a path to confirmation for Kevin Warsh, President Donald Trump’s pick to be the next chair of the central bank.  Jeanine Pirro, US Attorney for the District of Columbia, said in a social media post Friday the Fed’s Office of Inspector General had been asked to scrutinize the cost overruns. She said she expects a report soon on the findings.  “I have directed my office to close our investigation as the IG undertakes this inquiry,” Pirro said in the post. “Note well, however, that I will not hesitate to restart a criminal investigation should the facts warrant doing so.”  The Fed’s OIG is already conducting a review of the renovation of the central bank’s headquarters, which it opened last year at the request of Fed Chair Jerome Powell. US Treasuries edged slightly higher following the announcement, with shorter-dated notes leading gains as some traders bet a Warsh-led Fed would be more inclined to cut interest rates. The two-year yield fell five basis points to 3.78%.  The White House said in a statement “American taxpayers deserve answers about the Federal Reserve’s fiscal mismanagement, and the Office of the Inspector General’s more powerful authorities best position it to get to the bottom of the matter.”  Today’s show features:  Michael McKee, Bloomberg News International Economics & Policy Correspondent  Grindr CEO George Arison on earnings and the company sponsoring the White House Correspondent Dinner Event  Joshua Green, Bloomberg Businessweek National Correspondent, on Thomas Massie Gaining Ground with MAGA Base  Ian King, Bloomberg News US Semiconductor Reporter on Intel and Texas Instruments  Barbara Humpton, CEO at USA Rare Earth See omnystudio.com/listener for privacy information.

Doug Lucas, is a double board-certified physician in Orthopedic Surgery and in Anti-Aging & Regenerative Medicine, specializing in Osteoporosis Reversal, Hormone Replacement, and HealthSpan optimization. After completing his training at Stanford University and practicing nearly a decade as an orthopedic surgeon, Dr. Doug left surgery to pursue an additional fellowship and board certification in Anti-Aging and Regenerative Medicine. Dr. Doug shares his passion for education and disease prevention. While he champions health and hormone optimization for all, his mission is especially focused on educating the world that osteoporosis is both preventable. He speak with Bloomberg's Carol Massar and Tim Stenovec. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. The US Justice Department reclassified state-regulated marijuana as a less dangerous drug, a major shift that could increase legal cannabis sales and help a struggling industry. The directive signed by acting Attorney General Todd Blanche moved licensed marijuana products from Schedule I — the same federal category as heroin and LSD — to the less strictly controlled Schedule III. The action stops short of fully legalizing the drug for recreational use nationwide, but it meets the demands of many advocates who have long argued for looser restrictions. The move is likely to make operations easier for cannabis companies, including potentially gaining greater access to the banking system and reducing taxes, and bolster medical research with the drug. The US industry, which includes public firms, has been trying to revive growth in recent years after an initial surge last decade. Shares of firms that sell marijuana products initially gained after the announcement, but then reversed course. The AdvisorShares Pure US Cannabis ETF declined as much as 15%. The drop for Curaleaf Holdings Inc., one of the largest US cannabis companies, hit 24%. The order narrowly applied to medical use of cannabis only, rather than broadly addressing adult recreational usage, which “might also be causing some confusion,” Aaron Grey, an analyst with Alliance Global Partners, said in an interview. Today's show features: Curaleaf CEO Boris Jordan Bloomberg Tech co-host Ed Ludlow on tech news roundup Florian Ielpo, Head of Macro at Lombard Odier Investment on market reaction to Iran/geopolitics and inflation outlook latest George Ferguson, Bloomberg Intelligence Senior Defense and Airlines Analyst on Airlines See omnystudio.com/listener for privacy information.

With Iran's fragile ceasefire expiring on Wednesday, new Bloomberg satellite data analysis reveals the scale of US-Israeli strike damage and the heightened stakes of a return to all-out war. Krishna Karra, is Bloomberg News Senior Satellite Imaging reporter. He discusses how they received access to these images and the extent of what they learned about the strikes in Iran. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. In another reversal, US President Donald Trump announced a unilateral, open-ended extension of the ceasefire in the Iran war. Now, there’s no peace, but no active war either. This may become the new normal: a fragile ceasefire without a formal deal, with tensions simmering, sporadic flare-ups, and oil near $100. Indefinite Extension The US and Iran were discussing returning to talks in Islamabad on the eve of the two-week ceasefire deadline. Trump warned he was unlikely to extend the truce and would resume bombing Iran if they failed to show. Tehran held its line: no talks while the US blockade remained. That pointed to a return to hostilities unless someone blinked. Trump blinked first. The political cost of war was rising for the US, as was its economic toll. The prospects for a win were becoming more elusive by the day. Tehran’s goal remains the same: survival and imposing a global cost for the war. It can’t afford to blink, and it didn’t. What does this mean for the war? There’s no deal so there’s no lasting peace. There’s no high-intensity war either. Instead, the war may be settling into a prolonged middle ground: No formal end to the hostilities between the US/Israel and Iran because the underlying differences remain unresolved. These include issues such as Iran’s nuclear program, the Strait of Hormuz, and Lebanon. Escalation, on the other hand, is costly. It draws the US deeper into a conflict it doesn’t want and more entrenched in a region it would prefer not to focus on. Tehran, weakened but also emboldened, will hold the Strait of Hormuz and the global economy hostage. And Arab Gulf states are likely to face renewed attacks. Today's show features: Ray Takeyh, Senior Fellow for Middle East Studies at Council of Foreign Relations Seth Jones, President of Defense and Security Department at CSIS on Defense and Counterterrorism measures in Iran War Jay Hatfield, CEO and CIO at Infrastructure Capital Advisors Seth Fiegerman, Bloomberg AI Editor on SpaceX Has Deal for Right to Acquire Cursor for $60 Billion Michael Stivala, President & CEO at Suburban Propane See omnystudio.com/listener for privacy information.

As Washington battles over tariffs and supply chains, and Wall Street fixates on AI infrastructure, a new tech cluster is quietly thriving – and it’s not in Silicon Valley. It’s California’s state capital: Sacramento. The city – less than 90 miles from the Bay Area – is seeing unprecedented industry momentum (it’s home to nine global chips companies and offers 26x more semiconductor growth capital than the U.S. average). Greater Sacramento is outpacing the Bay Area in semiconductor job growth: According to the Greater Sacramento Economic Council, the region is expected to exceed state averages in GDP growth and job creation through 2026 — and is the #1 California market for semiconductor growth. Barry Broome is President and CEO of the Sacramento Economic Council. He discusses how Sacramento is a new CA hub for tech/industry as the Bay Area remains pricy and businesses deal with continued regulations. He speaks with Carol Massar and Tim Stenovec. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Kevin Warsh repeatedly pledged to act independently if he’s confirmed as the next Federal Reserve chair, rejecting Democratic concerns he would be a “sock puppet” for President Donald Trump, who continues to demand lower interest rates. Warsh, in testimony before the Senate Banking Committee Tuesday, called for a slew of changes to the way the US central bank makes its decisions, including a new framework for dealing with persistent inflation and a new way of communicating with the public. But he provided few specifics and avoided answering questions about the near-term path of interest rates. He also insisted the president never asked him to commit to any particular rate decision.“The president nominated me for the position, and I’ll be an independent actor if confirmed as chairman of the Federal Reserve,” Warsh said, in response to questions from Democrats about how he planned to handle pressure from Trump. In her opening remarks, the senior Democrat on the panel, Senator Elizabeth Warren said Warsh would be Trump’s “sock puppet” at the Fed. “Kevin Warsh hit all the right notes to reassure his supporters on the committee that he will push forward his idea of regime change at the Fed,” Joseph Brusuelas, chief economist at RSM. “He said nothing that will disrupt his path to being approved, if it makes it to the floor of the Senate.” Treasuries fell as strong economic data and higher oil prices prompted traders to scale back rate-cut expectations, overshadowing testimony from Warsh. The policy-sensitive two-year note climbed as much as seven basis points to 3.79% as US crude oil rose back above $90 a barrel. Today's show features: Michael McKee, Bloomberg TV and Radio International Economics & Policy Correspondent on Kevin Warsh's Hearing Jitania Kandhari, Deputy CIO of Solutions and Multi-Asset Group at Morgan Stanley Investment Management Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech, on Apple Names John Ternus as new CEO Samantha Dart, Co-Head of Global Commodities Research at Goldman Sachs Anil Chakravarthy, President of Digital Experiences Business at Adobe on the company’s Agentic AI Strategy See omnystudio.com/listener for privacy information.

Lauren Berger and Marla Felton are the founders of REAL Cookies who are on mission to make healthier snacks for kids and adults through tasty gluten and grain-free, plant-based cookies. Bringing their knowledge of real food and real ingredients to their community, Lauren & Marla, introduced Real Food is Fuel, a nutrition label curriculum to elementary students, grades 2-5. Now, they have taken the brand from Pandemic startup to securing a strategic merger with Creations Foods USA Inc. to create a new, vertically integrated consumer packaged goods (CPG) platform dedicated to healthier, better-for-you snacking across North America. Creations Foods owns such brands as HighKey Snacks, a manufacturer of high protein, low carbohydrate snacks formulated with reduced sugar; Moon Cheese, a manufacturer of baked cheese snacks; Aw Yeah Snacks, a manufacturer of cookies that feature bold and intense flavors; and now Real & Real Cookie Poppers, dairy-free, gluten and grain-free cookies that are formulated with minimal ingredients. They speak with Bloomberg's Carol Massar and Tim Stenovec. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. US President Donald Trump said he’s not likely to extend the two-week ceasefire with Iran, increasing the urgency for negotiators to conclude a deal to end the war. Trump said in a Monday phone interview that the truce, which he announced April 7, expires on “Wednesday evening Washington time” — possibly buying more time for negotiations. But the president also said it’s “highly unlikely that I’d extend it” if no deal is reached before then. “I’m not going to be rushed into making a bad deal. We’ve got all the time in the world,” the president said.In the interview, Trump reiterated that the Strait of Hormuz would stay blockaded for now, saying “the Iranians desperately want it opened. I’m not opening it until a deal is signed.” Iran previously said it would open the critical waterway for energy supplies to international shipping, but reversed that decision in light of Trump’s refusal to follow suit. Details about the next negotiating session, expected to take place in Pakistan, started to came into focus on Monday. Iran is also sending a team, according to people familiar with the plans who declined to be identified, although it is not clear who would lead the delegation. Earlier, Tehran said it was hesitant to participate in further peace talks with the US.Today's show features: Jeff Mason, Bloomberg News Washington and White Correspondent on his conversation with President Trump & Stuart Paul, Bloomberg Economics US and Canada Economist to Preview Kevin Warsh Hearing Rich Weiss, American Century Investments Chief Investment Officer of Multi-Asset Strategies Dina Bass, Bloomberg News AI Infrastructure Reporter on Google Bets on New AI Chips Kabir Nath, CEO at Compass Pathways, on President Trump Signs EO to Ease Psychedelic-tied Therapies Access See omnystudio.com/listener for privacy information.

The consumer price index has risen quickly since early 2020, with some categories seeing steeper price increases, making it hard for consumers to avoid feeling swindled. Quince, an online retailer, has found success by selling low-cost "luxury" goods, cutting out middlemen, and using data analysis and close relationships with manufacturers to keep prices low.Amanda Mull, Bloomberg Businessweek Senior Reporter writes how Quince's approach to logistics, shipping merchandise directly from manufacturers to customers, has enabled the company to undercut competitors' prices and achieve efficiency unheard of among large apparel retailers. See omnystudio.com/listener for privacy information.

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."Hosted by Carol Massar and Tim StenovecHear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump said Iran agreed to suspend its nuclear program indefinitely, and will not receive any frozen funds from the US.Trump said in a phone interview on Friday that a deal to end the war, which the US and Israel began with Iran in late February, is mostly complete. Talks over a lasting agreement will “probably” be held this weekend, the president said.“Most of the main points are finalized. It’ll go pretty quickly,” Trump said.Iran has yet to comment on any deal beyond the Strait of Hormuz opening, nor on claims made by Trump on Thursday that Tehran had offered concessions — including over the key issue of its nuclear program.Oil, fuel and natural gas prices plunged on hopes that the latest developments would mean more energy supplies can finally transit safely through the strait.Brent crude fell more than 10% to trade below $89 a barrel by 12:41 p.m. in New York and wiped out most of its gains since the onset of the war. Diesel prices in Europe and the US led the move lower in the energy complex.Trump said he hasn’t decided who would lead a US delegation for talks with Iranian officials to sign an agreement. Asked if he would travel to Pakistan, which hosted the last round of negotiations, the president said, “I may.”JD Vance led discussions with Iranian officials last weekend, and Trump said the vice president, his son-in-law Jared Kushner, and envoy Steve Witkoff were candidates to attend additional talks.Today's show features: Spencer Faragasso, Institute for Science and International Security Senior Fellow on Trump Says Iran Agrees to Suspend Nuclear Program Felix Gillette, Bloomberg News Media and Entertainment Editor on continued Netflix earnings reaction, Reed Hastings departure David Busch, Trajan Wealth CEO & CIO on the macro shift and oil shock Nick Wadhams,  Bloomberg News National Security Team Leader on Trump’s $1.5 Trillion Pentagon Budget Raises Some GOP Eyebrows See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Carol and Tim speak with Dr. Bea Bakshi, co-founder and CEO of C the Signs, an early cancer detection platform that uses AI as part of our weekly women's health segment.  See omnystudio.com/listener for privacy information.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Charles Schwab is likely to launch prediction markets linked to financial events as competitors including Robinhood Markets Inc. expand their presence in the space.Schwab is “taking a hard look” at prediction markets, Chief Executive Officer Rick Wurster said on a conference call Thursday, but would stay away from allowing customers to place wagers on sports or pop culture given the firm’s focus on building clients’ long-term wealth. “Prediction markets that are not aligned to that are not something we want to pursue,” Wurster said on the call with analysts to discuss first-quarter results. Retail investors can already access prediction markets via a number of platforms, including Robinhood, Kalshi, Polymarket and Interactive Brokers Group. The majority of event-based wagering centers around sports, which Wurster said Schwab won’t offer. This episode features: Schwab CEO Rick Wurster on earnings, prediction markets, financial sector health Verena Ross, European Securities and Market Authorities Chair Margi Murphy, Bloomberg News Cyber Reporter on Anthropic's race to assess the dangers of its new AI-model Mythos Eric Clark, Accuvest Global Advisors CIO and LOGO ETF Portfolio Manager See omnystudio.com/listener for privacy information.

There are many different narratives around travel uncertainty and issues, stretching from TSA staffing to storms to the war in Iran and its impact on the airline industry. Many of them are false or at least as it relates to business travel. Navan's agentic-AI tools, which ease the customer experience and can deliver up to 15% median savings on travel budgets, should continue to disrupt legacy providers in the corporate-booking space -- as evidenced by the company turning free-cash-flow positive on the back of 4Q's 42% gross bookings volume growth. Management noted no current impact on the business from the geopolitical environment or TSA disruptions.Ariel Cohen is CEO at Navan. He discusses the data into the health of the corporate traveler. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. US economic activity continued to increase at a slight-to-modest pace across most regions as the war with Iran generated a new wave of uncertainty and higher energy costs, the Federal Reserve said.Price growth remained moderate overall, but energy and fuel costs rose sharply in all 12 Fed districts, the central bank reported in its Beige Book survey of regional business contacts released Wednesday.“The conflict in the Middle East was cited as a major source of uncertainty that complicated decision-making around hiring, pricing and capital investment, with many firms adopting a wait-and-see posture,” the Fed said.The report featured information compiled by the New York Fed and collected through April 6, capturing the early effects of the war on the US economy.The report also noted that price pressures were bleeding beyond energy.“Energy and fuel costs rose sharply in all districts, attributed to the Middle East conflict, leading to higher freight and shipping costs and higher prices for plastics, fertilizers and other petroleum-based products,” the Fed said. “Input cost pressures beyond energy-related increases were also widespread.”The oil shock spurred by the conflict has sent gasoline prices in the US to their highest level since 2022, leading US inflation to jump in March. Several Fed policymakers have signaled a preference to keep borrowing costs steady for quite some time while they evaluate the economic data. Officials are expected to leave their benchmark rate unchanged when they meet on April 28-29, according to pricing in futures contracts.Today's show features: Michael McKee, Bloomberg TV and Radio International Economics & Policy Correspondent on Fed's Beige Book Nicola Willis, New Zealand Finance Minister, on how inflation will go 'much higher' if Iran war drags on John Roberts, analyst at Mizuho, on the global chemicals market Jennifer Rie, Bloomberg Intelligence Senior Antitrust Litigation Analyst on Live Nation Illegally monopolized ticketing market. Michael Ha, Baird Senior Research Analyst and Avalon Pernell, Bloomberg News Equities Reporter on UnitedHealth’s Last Bear Stands Pat After Medicare Rate Hike See omnystudio.com/listener for privacy information.

As credit card companies with lofty fees compete for affluent consumers, the hottest new perks are wearable devices for tracking health, fitness and sleep. After lifting annual dues for their top-tier cards, JPMorgan Chase & Co. and American Express Co. rolled out typical benefits like hotel, dining and travel credits. But there were also more unexpected bonuses: American Express added a $200 credit toward an Oura Health Oy smart ring to the Platinum Card, while Chase included a $359 rebate for Whoop Inc.’s fitness bands for Sapphire Reserve holders. The promotions are generating results, pushing users to sign up for the latest credit cards and join the wearables craze for the first time.Cam Baker, Bloomberg News Breaking News Editor discusses with Bloomberg's Carol Massar and Tim Stenovec. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Bank results so far show that private credit woes remain contained, with executives offering words of calm for nervous investors.First, there are no big red flags in the aggregate credit loss provisions from the four big banks that have reported so far, including Wells Fargo. The measure, where stress typically starts to show, is tracking higher for some lenders -- for instance, Goldman attributed the increase to “growth and impairments related to wholesale loans,” yet the overall number remains very modest compared to peers.Citi’s worse-than-expected provisions were tied to US consumer card losses and a firmwide reserves build amid the uncertain macro environment, but its measure is only the highest since 2Q 2025. That has also been offset by JPMorgan’s lower-than-estimated provisions. Taken altogether, the combined bad debt forecast tally is so far smaller than feared for the quarter and more modest than it was during the same period last year.Banks went further to disclose at least $100 billion of specific exposure to private-credit firms, with Citi saying that it’s had zero losses over the life of the portfolio. Its executives noted on the call that the bank has strong protections in place, including a prudent approach to reserves, which it continues to constantly stress test.For his part, JPMorgan CEO Dimon said he’s “not particularly worried” about private credit after the bank disclosed a $50 billion exposure. Goldman CEO David Solomon also defended the industry on Monday.The remarks and moderate credit provisions so far should give investors some comfort that strains from private credit remain limited so far -- something that other parts of the credit market have been signaling as well.Today's show features: Herman Chan, Bloomberg Intelligence Senior Analyst, US Banks & Joe Hegener, Asterozoa Capital CIO & Founder on Bank Earnings Alli McCartney, Alignment Partners at UBS Managing Director of Wealth Management on latest market reaction Adam Farrar Bloomberg Economics Senior Geoeconomics Analyst for Asia-Pacific on US's Blockade on Iran Sid Philip, Bloomberg News Chief Correspondent for Global Aviation on United CEO Pitched Trump on Possible Tie-Up with American Airlines See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. CraftCo CEO Ali Anderson joins Tim Stenovec and Emily Graffeo to discuss her brands diverse portfolio of innovative craft spirits including celebrating a big anniversary for its Magnus Cigar Blend whiskey. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. President Donald Trump said Iran reached out to his administration over peace negotiations, as the US began a naval blockade of the Strait of Hormuz in the war’s seventh week.Even as Trump sought to jawbone negotiations back on track, there were few signs that was taking place after weekend negotiations failed in Islamabad. Iran blamed the collapse of talks on the US and Tehran has not confirmed further discussions on Monday. “We’ve been called this morning by the right people, the appropriate people, and they want to work a deal,” Trump said at the White House, without elaborating on who participated in the conversation.Trump spoke hours after the US moved to cut off vessels from transiting the vital waterway to and from Iranian ports and coastal areas, which could further inflame tensions amid the global energy crisis. The US president once again claimed that negotiations had failed due to Iran’s insistence on maintaining a nuclear program. Trump said he was “sure” Iran will eventually agree to abandon nuclear ambitions, and reiterated there would be no deal without that concession.This episode features: Michelle Jamrisko, Bloomberg News White House & National Security Editor Marc Champion, Bloomberg Opinion Columnist on Hormuz Blockade Is a Throwdown the US Can't Win: Marc Champion Michael Ventura, Co-Head of US Equity Capital Markets at RBC on Wave of $15 Billion US IPOs Runs Headlong Into War’s New Phase Jamil Jaffer, National Security Institute Founder & Executive Director See omnystudio.com/listener for privacy information.

Sports-focused private equity firm 154 Partners, backed by Blackstone Inc. veteran David Blitzer, wrapped up fundraising for its debut vehicle with $400 million. The firm hit its hard fundraising cap, according to a statement Wednesday from 154 Partners, which makes investments on the lower end of the middle market.Blitzer, who previously led Blackstone’s Tactical Opportunities unit, is a member of 154 Partners’ investment committee along with co-founders Isaac Harrouche and Mike Berlin, who both worked with him at Tac Opps. Harrouche and Berlin launched 154 Partners last year to back smaller, family- or operator-owned companies in sports, live events, residential services and business services. 154 Partners co-founders Isaac Harrouche and Mike Berlin join to discuss the round of funding and where in the sports space they're looking to invest. They speak with hosts Tim Stenovec and Emily Graffeo, in for Carol Massar. See omnystudio.com/listener for privacy information.

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."Hosted by Carol Massar and Tim StenovecHear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. President Donald Trump ramped up pressure on Iran as Vice President JD Vance traveled to Pakistan for talks to end the war, with Israeli airstrikes in Lebanon and the Strait of Hormuz’s effective closure looming over diplomatic efforts. Trump posted on social media Friday that Tehran’s only leverage is “short term extortion of the world by using International Waterways” — a reference to Hormuz, a critical shipping lane for oil and natural gas that remains largely shut, raising global energy prices. Trump declared that the “Iranians don’t seem to realize they have no cards.” While the two-week ceasefire was broadly holding across the Middle East, the situation with the strait and continued fighting between Israel and Hezbollah in Lebanon threatened to complicate negotiations due to begin over the weekend in Islamabad. Iranian Parliament Speaker Mohammad-Bagher Ghalibaf insisted in a social media post that a ceasefire in Lebanon is one measure that “must be fulfilled before negotiations begin.” The other is the “release of Iran’s blocked assets,” he added, without being more specific. This episode features: Jeff Mason, Bloomberg News Washington and White House Correspondent Humayun Tai, McKinsey Global Energy & Materials Practice Senior Partner & Leader Todd Gillespie, Bloomberg News Banking Reporter on Treasury Secretary Scott Bessent and Federal Reserve chair Jay Powell convening an urgent meeting with Wall Street leaders on the latest AI model from Anthropic Drive to the Close with Jed Ellerbroek, Argent Capital Management Portfolio Manager Hosted by Tim Stenovec and Emily Graffeo, in for Carol Massar See omnystudio.com/listener for privacy information.

Of all the prevailing media narratives around Gavin Newsom, the one that is most conspicuous by its absence is how under its two-term governor California became the top performing economy not just among its 49 siblings but also any developed nation. No wonder Elon Musk quietly sought Newsom’s help when the world’s richest man sought to move a bunch of Tesla Inc. engineers back to the state after relocating them to Texas. Amid the thousands of headlines referencing California failings with wildfires, droughts, floods, mass transportation, aging roads, education, homelessness, unaffordable housing, widening inequality and poverty along with the exodus of billionaires, corporate headquarters and longtime residents -- never mind the “slick” label whenever the betting favorite for the 2028 Democratic presidential nomination is mentioned in the press – the Golden State (population 39 million people), just supplanted Japan (123 million) as the fourth-largest economy.Matthew Winkler, Bloomberg News Editor-in-Chief Emirtus discusses how California's economy has grown faster than either China or Germany... And picking up steam. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Intel Corp., trying to promote the use of its technology in data centers, said Alphabet Inc.’s Google has committed to using future generations of its Xeon processors and other chips.As part of the multiyear agreement, announced Thursday, the search engine giant will customize Intel’s IPUs, or infrastructure processing units. These chips handle functions such as networking, security and storage. The companies didn’t disclose financial details or purchase commitments.The deal is part of a push by Intel to better capitalize on the build-out of artificial intelligence infrastructure. Getting a bigger slice of data center spending is critical to a comeback bid under Chief Executive Officer Lip-Bu Tan.Intel’s stock rose as much as 3.6% in New York trading, adding to a rally of about 20% this week. The shares have also benefited from an announcement that the chipmaker will help Elon Musk’s long-shot effort to develop semiconductors for Tesla Inc., SpaceX and xAI.Xeon once commanded a market share of more than 99%, making it the chief source of profit for what was then the world’s largest semiconductor maker. In the last few years, Intel has lost ground to rivals such as Advanced Micro Devices Inc. and in-house efforts by customers — including Google.One trend is working in Intel’s favor: Central processing units, its hallmark product, are increasingly seen as critical to artificial intelligence computing. Though Nvidia Corp.’s AI processors are still the workhorses of this infrastructure, there’s growing demand for general-purpose CPUs to help everything run smoothly.Today's show features: Ian King, Bloomberg News US Semiconductor Reporter Ed Fishman, Columbia University Senior Research Scholar and Professor Jeff Mason, Bloomberg News Washington and White House Correspondent Michael McKee, Bloomberg TV and Radio International Economics & Policy Correspondent Sarah Hunt, Alpine Saxon Woods Chief Market Strategist See omnystudio.com/listener for privacy information.

Following Bloomberg Intelligence's list of 50 Companies to Watch in January, Tim Craighead, Bloomberg Intelligence Senior European Strategist and Director of Research-Content discusses 10 names you should know—for better or worse—in the second quarter. Bloomberg Intelligence analysts have identified the most interesting names from their group of high-confidence Focus Ideas. Spanning sectors and regions, each scenario outlines a catalyst in the next few months that supports our case. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.A growing number of Federal Reserve officials worried the Iran war could further stoke inflation and wanted to make clear following their March meeting that the central bank may have to consider raising interest rates.Minutes of the Federal Open Market Committee’s March 17-18 meeting, released Wednesday in Washington, showed policymakers wrestled with starkly differing scenarios for the US economy following the outbreak of the Iran war, and the policy reactions that might follow.Most officials worried a protracted war could hurt the labor market and warrant lower interest rates. At the same time, many policymakers highlighted the risk to inflation that might ultimately warrant rate increases.Officials in the latter camp appeared to become more strident, urging their colleagues to consider adding language to their post-meeting statement that raised the scenario of hiking rates under certain conditions.“Some participants judged that there was a strong case for a two-sided description of the committee’s future interest-rate decisions in the post-meeting statement, reflecting the possibility that upward adjustments to the target range for the federal funds rate could be appropriate if inflation were to remain at above-target levels,” the minutes said.Echoing those concerns, the minutes noted the “vast majority” of officials thought it may take longer to return inflation to the Fed’s 2% goal.At the meeting, officials held the Fed’s benchmark policy rate in a range of 3.5% to 3.75% at that gathering.Today's show features: Michael McKee, Bloomberg International Economics and Policy Correspondent, breaks Fed Minutes Matthew Luzzetti, Deutsche Bank Chief US Economist and Head of US Economic Research Dr. Ed Husain, Senior Fellow at the Council on Foreign Relations Michelle Gass, Levi's President & CEO on Levi Boosts Outlook as Direct-to-Consumer Strategy Pays Off See omnystudio.com/listener for privacy information.

DraftKings and FanDuel are thriving—but lax regulations, understaffed “responsible gambling” departments, and lack of resources for gambling addicts can make sports betting platforms uniquely insidious. For many users, this new 'vice' has cost them thousands, sometimes millions, while other profit. Danny Funt, Sports Journalist and author of 'Everybody Loses: The Tumultuous Rise of American Sports Gambling' discusses the unsettling truth about America's sports betting boom and how it can cost people everything they have. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump has threatened “all Hell” will rain down on Iran if it doesn’t agree to a ceasefire that reopens the Strait of Hormuz by 8 p.m. Eastern time on April 7. Is this a bluff intended to push Tehran to the negotiating table, or a credible threat?With the deadline nearing, Iran rejected the latest US proposal for a deal to end the war and continued regional strikes. Trump intensified his threats — warning a “civilization will die tonight” — and the US reattacked Iran’s Kharg island. Further escalation appears more likely than negotiations. That’s consistent with our base case that the war will see a sharp escalation followed by a shift to lower-intensity fighting.Treasuries fell amid mounting oil prices in the run-up to US President Donald Trump’s late-Tuesday deadline for Iran to agree to terms for ending American attacks.The declines lifted yields by as much as five basis points, with long-maturity tenors rising most. Ten- and 30-year yields reached session highs against an array of conflicting signals about whether Trump’s threats of mass destruction are likely to come to pass.Oil prices — a principal driver of Treasury yields since the US assault on Iran began Feb. 28 — rose, US benchmark West Texas Intermediate crude futures by as much as 4.6% from Monday’s multi-year high close. Yields reached year-to-date highs in late March as energy prices mounted, however they retreated from those levels amid mounting fears the oil shock will hit economic growth.Today's show features: Jennifer Welch, Bloomberg Economics Chief Geoeconomics Analyst Jim Caron, Morgan Stanley Investment Management Portfolio Solutions Group CIO Michael Gross, SLR Capital Partners Co-Founder  Sastry Durvasula, TIAA Chief Operating, Information and Digital Officer See omnystudio.com/listener for privacy information.

Meet Mrs. Meyers: the 93-year-old woman who gave birth to nine children in ten years and inspired a legacy line of household cleaning products. One of her children decided to reinvent the tired, toxic, and boring category of household cleaning products by creating her own competition, in her mother's inspiration. Monica Nassif, is founder of Mrs. Meyer's Clean Day and author of the new book, 'I Bottled My Mother: The Mrs. Meyer’s Story: Grit, Grime & Growing a Business'. She discusses tips of building a startup, the challenges of raising money as a woman in business, and daily meditations from Mrs. Meyers. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. President Donald Trump ramped up his threats ahead of a deadline he’s imposed for Iran to re-open the Strait of Hormuz or face further attacks on civilian infrastructure, while Tehran rejected a ceasefire proposal. “The entire country can be taken out in one night, and that night might be tomorrow night,” Trump said in a press conference Monday at the White House, in an apparent reference to his ultimatum to Iran that expires at 8 p.m. on Tuesday. “Every bridge in Iran will be decimated, by 12 o’clock tomorrow night,” Trump said. “Every power plant in Iran will be out of business, burning, exploding and never to be used again,” he added, noting that “it’ll happen over a period of four hours, if we wanted to. We don’t want that to happen.”Trump told reporters earlier on Monday that it was “highly unlikely” that he’d move the deadline again. Iran, meanwhile, reportedly passed to mediator Pakistan a rejection of a ceasefire proposal.  The regime demanded a permanent end to the war, lifting of sanctions, and reconstruction efforts, in addition to protocol for safe passage through Hormuz, according to the state-run Islamic Republic News Agency. The rejection is the latest blow to efforts to end the month-long war that has triggered a global energy crisis. US allies are reportedly pressing for a last-minute deal with Iran, as Trump extended his deadline to Tuesday for Tehran to reopen the vital waterway. Trump during his press conference noted that free traffic of oil in Hormuz must be part of any deal to end the war. Today's show features: Dan Williams, Bloomberg News Middle East Reporter Alex Vatanka, Senior Fellow at the Middle East Institute Will Kubzansky, Bloomberg News Refined Products Reporter Drive to the Close with Nanette Abuhoff Jacobson, Global Investment Strategist at Hartford Funds See omnystudio.com/listener for privacy information.

Capitalism For All: Inclusive Economics and the Future-Proofing of America by John Hope Bryant presents a revolutionary framework for rebuilding American prosperity through economic inclusion rather than division. As the founder and CEO of Operation HOPE, America's first non-profit social investment banking organization, and a former vice-chairman of the President's Advisory Council on Financial Literacy, Bryant brings decades of frontline experience empowering underserved communities. This book addresses America's growing economic inequality and social fragmentation by demonstrating how inclusive capitalism – not exclusionary policies – can restore the middle class, revitalize the American Dream, and maintain our position as the world's leading economy.John Hope Bryant joins Bloomberg Businessweek to discuss how expanding rather than contracting our middle class strengthens national security and economic competitiveness and how inclusive economics positions America as a beacon of opportunity and strengthens our international influence. See omnystudio.com/listener for privacy information.

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."Hosted by Carol Massar and Tim StenovecHear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Attorney General Pam Bondi is leaving her post as head of the US Justice Department, ending a tumultuous tenure as the nation’s top law enforcement official after some high-profile stumbling blocks in her efforts to carry out President Donald Trump’s agenda.“We love Pam, and she will be transitioning to a much needed and important new job in the private sector, to be announced at a date in the near future, and our Deputy Attorney General, and a very talented and respected Legal Mind, Todd Blanche, will step in to serve as Acting Attorney General,” Trump said in a post on Truth Social.In choosing Blanche to serve as acting attorney general, Trump has elevated another one of his former defense lawyers to be the nation’s chief law enforcement officer.Blanche served as Trump’s defense attorney in criminal cases relating to the 2020 election, his handling of classified documents and alleged hush-money payments.Blanche can serve in the acting role for 210 days under a federal law for filling vacancies while the Senate considers whoever Trump nominates to be confirmed as attorney general.The president has discussed Environmental Protection Agency Administrator Lee Zeldin as a potential replacement for Bondi, according to people familiar with the matter.Today's show features: Jeff Mason Bloomberg News Washington and White House Correspondent & Matthew Seligman, Grayhawk Law Founder Ira Jersey, Bloomberg Intelligence Chief US Interest Rate Strategist and Robert Tipp, PGIM Fixed Income Managing Director, Chief Investment Strategist, and Head of Global Bonds  Olivia Fishlow, Bloomberg News Leveraged Finance Reporter and James Crombie, Bloomberg News Senior Editor for Credit on latest in private credit sector Jessica Rosenworcel, Executive Director of the MIT Media Lab and former Chair of the FCC See omnystudio.com/listener for privacy information.

Firms lobby public institutions even when associations they are members of are lobbying those same institutions. This is what we conceptualize as ‘parallel lobbying’. Firms engage in parallel lobbying to monitor associations they are members of, reinforce the message delivered by the associations, provide additional or nuanced information that goes beyond the lowest common denominator, or even to break ranks from the collective position and signal a different message to the one provided by the association. Regardless of what the rationale behind these parallel meetings is, this article intends to bring new light into this phenomenon by examining the extent to which parallel lobbying occurs at the EU level and, more importantly, unveiling what firm – and association-level characteristics explain why firms exercise parallel lobbying.Angel Saz, Professor at Ramon Lulull University and Director of EsadeGeo – Centre for Global Economy and Geopolitics, a leading B-school in Spain, discusses his work in parallel lobbying and how it is playing out in the world of global business. He speaks with Bloomberg's Carol Massar, Tim Stenovec, and Bloomberg Businessweek Senior Editor Dimitra Kessenide See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. NASA astronauts are poised to lift off Wednesday on a 10-day journey that will slingshot them around the moon, marking humanity’s return to the lunar vicinity for the first time in more than half a century. The crew’s Lockheed Martin Corp.-built Orion capsule, perched atop the Boeing Co.-made Space Launch System rocket, is set to launch at 6:24 p.m. local time from Kennedy Space Center in Florida. The mission is a crucial, in-space dress rehearsal for the long-delayed SLS rocket and Orion capsule, and marks the biggest milestone yet in NASA’s multi-year Artemis campaign to land humans on the moon as soon as 2028. If the mission launches on schedule, the four-person crew will travel farther in space than anyone in history. President Donald Trump’s NASA administrator, Jared Isaacman, and former astronaut and US Senator Mark Kelly attended the send-off.Earlier, European Space Agency Director General Josef Aschbacher joined other NASA officials, lawmakers and industry executives walking the press site, conducting interviews. TV outlets set up white tents on the lawn outside to capture the giant SLS rocket standing a few miles away.Today's show features: Ed Ludlow, Bloomberg Tech Co-Host on NASA's Artemis II Launch Rebecca Homkes, Lecturer at the London Business School and Faculty at Duke Corporate Executive Education Andrew Szczurowski, Morgan Stanley Investment Management Strategic Income Portfolio Manager Ben Gagnon, Bitfarms CEO on Bitfarms Officially Rebrands as Keel Infrastructure; Completes U.S. Redomiciliation See omnystudio.com/listener for privacy information.

More and more Americans are turning to consumer AI platforms for medical information. Until now, those educational conversations with AI have taken place outside of the healthcare system. Without access to the user’s private and secure medical information, educational information provided by the AI tool may not be as meaningful to the user. Today, Harford HealthCare and K Health announced the launch of PatientGPT, the nation’s first AI system with the ability to securely access the user’s medical record. PatientGPT, accessible right within the Hartford HealthCare patient portal and app, is rolling out as a beta version for a limited number of patients to try.Jeff Flaks is the President and Chief Executive Officer of Hartford HealthCare, a $7.0-billion enterprise that cares for more than 27,000 people daily. Allon Block co-founded K Health after being inspired by his own frustration with the U.S. healthcare system to build a better solution. They speak with Bloomberg's Carol Massar and Tim Stenovec. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.US President Donald Trump called on other nations to wrest control of the Strait of Hormuz as Iran maintained missile fire across the Persian Gulf, expressing his frustration that the monthlong war remains unresolved.Countries that can’t get energy supplies due to the effective closure of the vital waterway should “go to the Strait and just TAKE IT,” Trump said in a social-media post on Tuesday.“You’ll have to start learning how to fight for yourself” as the US “won’t be there to help you anymore,” he added, the latest sign he’s looking to exit a conflict that’s triggered a surge in oil and gas prices and stoked fears of a global economic crisis. “Go get your own oil!” he added.Stocks climbed and oil prices fell on hopes that both US and Iran might be looking for a way out of the war. WTI Crude was trading around $101 a barrel, travel stocks climbed and the S&P Energy Index turned negative, giving up an earlier gain of as much as 1.4%.Those moves came after Iran’s state news agency reported a phone call between European Union Council President Antonio Costa and President Masoud Pezeskhian, who said the Islamic Republic has “the necessary will to end this war,” but only with guarantees “to prevent the recurrence of aggression.” It wasn’t immediately clear if his comments represent a change in Tehran’s position.Tehran kept up strikes on Israel and countries around the Persian Gulf, including the United Arab Emirates and Saudi Arabia, with one attack hitting a large Kuwaiti oil tanker off the coast of Dubai. That was one of the most significant assaults on shipping since the US and Israel began bombarding the Islamic Republic on Feb. 28.Today's show features: Jennifer Welch, Bloomberg Economics Chief Geoeconomics analyst on state of ongoing Iran negotiations as Trump calls on allies to seize Hormuz as frustration mounts Peter Atwater, Financial Insyghts President & Adjunct Lecturer of Economics at the College William & Mary on K-Shaped economy amid Iran shocks Loren Grush, BN Space Reporter on Artemis II launch Stew Leonard Jr., Stew Leonard's President & CEO on consumer pressures in the grocery aisle amid Iran, pricier Easter & Passover tables See omnystudio.com/listener for privacy information.

Mandy Oser is the owner of Ardesia in Hell’s Kitchen, a neighborhood wine bar she opened in the Fall of 2009 as a place where both those with a deeper knowledge of wine as well as novices can find a selection that will satisfy. She discusses the wine industry, how many are male dominated but highlighting women wineries owned and made by woman. And the increase of wine sales this month. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.The White House threatened further escalation of attacks on Iran, including critical civilian energy infrastructure, as the fifth week of war jolts global markets with little sign of relief.President Donald Trump earlier on Monday posted on social media that if Tehran doesn’t re-open the Strait of Hormuz, “we will conclude our lovely ‘stay’ in Iran by blowing up and completely obliterating” electricity plants, oil facilities and “possibly” desalination infrastructure.Trump has regularly vacillated between saying a deal with Iran is imminent and warning he’s prepared to increase the military tempo. The threat to water facilities would constitute a war crime as defined by the Geneva Conventions. White House Press Secretary Karoline Leavitt said the US is “conducting more intense, targeted strikes with devastating combat power with each passing day” and the US operations are proceeding “according to plan,” even as she echoed the president in saying talks are on track. The administration hasn’t identified which Iranian officials it’s dealing with, directly or indirectly.Despite the mystery surrounding peace talks, Leavitt said the Iranians were “increasingly eager” to negotiate and agreed to “some of the points” that the US has put forward to end the conflict. Iran has consistently said peace talks aren’t progressing and has signaled it can carry on fighting for much longer.Today's show features: Maj. Gen. Mastin Robeson, Academy Securities Florian Ielpo, Head of Macro at Lombard Odier Investment James Walker, CEO of NANO Nuclear Drive to the Close with Rob Haworth, Senior Investment Strategy Director at US Bank Asset Management See omnystudio.com/listener for privacy information.

In 2017, a small crew gathered in a windowless Pentagon room to put AI at the heart of how America makes war. Led by Drew Cukor, an unyielding Marine Corps colonel driven by the deaths of US troops and the prospect of war with an AI-equipped China, the Project Maven team raced to send AI into combat, igniting controversy and forever changing the US military. Summoning the mayhem of a tech startup, the Maven team wrestled Pentagon bureaucrats and each other. They enlisted an initially reluctant Silicon Valley, supercharged the growth of Palantir, and sent algorithms made by Amazon, Microsoft, and others into hot wars. Maven fielded technology to identify targets at speed and scale, developed AI-infused command systems, and learned where AI fails.Katrina Manson, Bloomberg News Reporter covering technology and national security, talks about her book Project Maven: A Marine Colonel, His Team, and the Dawn of AI Warfare. See omnystudio.com/listener for privacy information.

If you want to build a diversified portfolio, you need to assemble assets that respond to different return drivers. Digital assets can play a central role. For starters, cryptocurrencies like bitcoin behave differently than traditional equities or commodities, giving portfolios exposure to unique sources of risk and return. And within the crypto universe, you can find coins, protocols, and equities that all behave differently under different market conditions. By investing in a wide range of digital assets you can potentially both mitigate risk and improve returns.  This episode is sponsored by Coinbase. See omnystudio.com/listener for privacy information.

This is a special presentation of Businessweek Convenes, a series dedicated to bringing together prominent leaders for frank discussions on vital, often sensitive subjects. In this episode, we delve into a crucial topic: the state of Black leadership in corporate America amid the rollbacks to diversity, equity, and inclusion initiatives across the country. Bloomberg's Romaine Bostick leads this discussion with prominent business and finance veterans Ursula Burns, Nicole Reboe, Jacob Walthour, Jr., Lisa Wardell, and Chris Williams. See omnystudio.com/listener for privacy information.

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."Hosted by Carol Massar and Tim StenovecHear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.The Trump administration is signaling to allies that it has no immediate plans for a ground invasion of Iran, even as it deploys thousands of troops to the Middle East, people familiar with the matter said. The people, who asked not to be identified discussing private deliberations, cautioned that President Donald Trump could change his mind at any moment or go ahead with an attack. They said the troops could serve a variety of roles, including to help with evacuations of American citizens but also to create a sense of strategic ambiguity about US intentions.Secretary of State Marco Rubio said Friday the US can achieve its objectives in Iran without the use of ground troops but their presence gives Trump options.“The president has to be prepared for multiple contingencies, which I’m not going to discuss in the media,” Rubio told reporters. “We can achieve all of our objectives without ground troops. But we are always going to be prepared to give the president maximum optionality and maximum opportunity to adjust to contingencies should they emerge.”A White House official, who requested anonymity to describe internal thinking, said it’s the Pentagon’s job to develop plans to give the president optionality, and noted that Trump has previously said he has no plans to send ground troops anywhere at this time. The official said Iran will be hit harder than ever before if they fail to make a deal.Today's show features: Iain Marlow, Bloomberg News National Security Editor Spencer Faragasso, Senior Fellow with the Institute for Science and International Security on Iran's stocks of highly enriched uranium Dimitra Kessenides, Bloomberg Businessweek Senior Editor and Professor Angel Saz, Director of EsadeGeo – Centre for Global Economy and Geopolitics, a leading B-school in Spain Drive to the Close with Mark Luschini, Chief Investment Strategist, President and Chief Investment Officer, Janney Capital Management See omnystudio.com/listener for privacy information.

As U.S. companies reassess exposure to tariffs and trade volatility and pull back on international expansion, Bermuda remains a steady destination for U.S. private wealth and business investment. Bermuda’s leading industry clusters are 90%+ dominated by professional services sectors including risk and insurance, digital finance, and private wealth management. David Parker, Bermuda Business Development Agency (BDA) Head of Business Development, discusses how the jurisdiction has become a competitive region in the global financial and tech markets -- often cited as a “regulatory sandbox” for innovation, modernization and clear neutrality. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. US President Donald Trump sent conflicting signals on the prospect that talks with Iran would bring a halt to the nearly month-long war, further roiling global energy markets.“I say they’re lousy fighters, but they’re great negotiators, and they are begging to work out a deal,” Trump said Thursday during a Cabinet meeting at the White House. “I don’t know if we’ll be able to do that. I don’t know if we’re willing to do that,” he said, and separately threatened to intensify military action if talks failed. Asked whether his five-day deadline for a deal would be extended, the US president was blunt: “I don’t know yet.”Trump said special envoys Steve Witkoff and Jared Kushner, as well as Vice President JD Vance “will tell me whether or not they think it’s going along.” He added “we have a lot of time” before the deadline, issued Monday morning in Washington, expires. “It’s a day. In Trump time, a day, you know what it is? That’s an eternity,” he added.Oil prices surged, with optimism fading of a quick resolution to the conflict. Brent crude climbed 6% to more than $108 a barrel, while stocks and bonds fell worldwide. Today's show features: Michelle Jamrisko, Bloomberg News White House and National Security Editor on latest from US war with Iran Len Tannenbaum, Founder of Tannenbaum Capital Group (TCG), on private credit and real estate credit markets Amy Rubenstein, CEO at Clear Investment Group on real estate market Axel Merk, President and Chief Investment Officer at Merk Investments on the Gold Market See omnystudio.com/listener for privacy information.

The patient-provider relationship is at the heart of healthcare. But that relationship is starting to shift. There's a new presence in the exam room. One that lives on patents' phones, shows up before the visit begins, and too often stays hidden. It's artificial intelligence.Oliver Kharraz is Founder and CEO of Zocdoc, the healthcare access infrastructure that connects patients to health care. He discusses why patients are turning to AI, why many are not disclosing AI use and the future of care given the support of patient AI use from doctors. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. The White House insisted that peace talks with Iran are ongoing, even as Tehran publicly rejected US overtures and issued fresh conditions of its own to end the conflict that’s wreaked havoc across the Middle East and global markets. “The United States has been engaged over the last three days in productive conversations,” White House Press Secretary Karoline Leavitt told reporters on Wednesday. “You’re beginning to see the regime look for an exit ramp.”“If Iran fails to accept the reality of the current moment,” Leavitt added, “Trump will ensure they are hit harder than they have ever been hit before. President Trump does not bluff and he is prepared to unleash hell.” Her comments ran counter to Iran’s earlier statements through state-run media publicly rejecting Trump’s push for talks. Tehran is also seeking its own guarantees, including that the US and Israel won’t resume their attacks, reparations for war damages and recognition of its authority over the Strait of Hormuz, state-owned Press TV said. Trump on Monday set a five-day deadline for Iran to negotiate a deal to end the war. Halfway through that period, there are lingering questions over the status of negotiations and the likelihood for a deal. The US has compiled a 15-point peace proposal that Pakistan delivered to the Islamic Republic, according to people familiar with the matter, highlighting the urgency within Trump’s administration to resolve a conflict it started alongside Israel almost a month ago. Leavitt on Wednesday said there were “elements of truth” to the reported US proposal, but cautioned against speculating on anonymously provided plans. Vice President JD Vance may travel to Pakistan for Iran talks this weekend, CNN reported. Asked for comment on that report, Leavitt said “this is a fluid situation, and speculation about meetings should not be deemed as final until they are formally announced by the White House.” Today's show features: Michelle Jamrisko, Bloomberg News White House and National Security Editor Dan Letter, CEO of Prologis Rachel Metz, Bloomberg News AI Reporter on OpenAI Discontinues Support for Sora, Winds Down Disney Deal June Grasso, Bloomberg Law host, on Meta, Google Found Liable in Social Media Addiction Case See omnystudio.com/listener for privacy information.

When Elon Musk took the stage on Saturday to unveil his plans to get into semiconductor production, he didn’t spare the superlatives. No one has ever proposed anything quite like what Musk calls Terafab. The project, as outlined, would be a massive operation to build cutting-edge semiconductors for artificial intelligence, robotics and space forays. He would not only try to take on the best chip manufacturer in the world — Taiwan Semiconductor Manufacturing Co. — he wants to do it at volumes far beyond the industry’s current capacity. The scale boggles the mind. The project would require something like $5 trillion to $13 trillion in capital spending, according to estimates from Bernstein analysts. That would fund 140 to 360 new factories, each making 50,000 wafers per month in order to reach the 1 terawatt of annual computing capacity he proposed.Max Chafkin, Bloomberg Businessweek Senior Reporter, discusses how Musk, by far the richest person in the world, has accomplished what others believed impossible before — creating a commercially viable rocket business with SpaceX, bringing electric vehicles to the mainstream with Tesla Inc., and delivering internet connectivity from space with Starlink. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Stephen Nesbitt was on no one’s list of Wall Street heavyweights when he bumped into a thirty-something salesman pitching the next big thing for wealthy investors: private credit.Nesbitt — who, as it happened, had written a book on private debt — took the idea and ran with it.Within a few years, he and his son Blake transformed their modest consulting business, Cliffwater LLC, into an unlikely giant. Their strategy: rather than sweat the details of every direct loan themselves, they’d piggyback on the firms that did. They’d also invest in industry heavyweights, creating something akin to a fund-of-private-credit-funds.Now the father-and-son team, who rode private credit on the way up, risk falling hard on the way down. As investors in private credit funds rush for the exits, Cliffwater has become one of the biggest question marks in the $1.8 trillion industry.The worry isn’t so much that private loans will go bad all at once and crush the funds where Cliffwater has invested. It’s that antsy investors will keep asking for money back, prompting Cliffwater to dash for cash itself — instigating a vicious circle of redemptions and markdowns.Concerns center around the $33 billion Cliffwater Corporate Lending Fund, the largest of its kind in private credit. It’s what’s known as an interval fund, a type of closed-end vehicle that isn’t traded on an exchange but rather promises to buy back shares from investors at set intervals, usually quarterly, at net asset value. Cliffwater is legally obliged to buy back at least 5% every quarter if investors ask.That promise was a key selling point in good times. “Liquidity is the first-, second- and third-most important thing,” Blake Nesbitt emphasized at an industry roundtable this month.Today's show features: Bloomberg Leveraged Finance reporters Ellen DiMauro and Olivia Fishlow on their Big Take story about Private Credit Ray Takeyh, Senior Fellow for Middle East Studies at Council on Foreign Relations Former Commerce Secretary Wilbur Ross Drive to the Close with Emily Green Ellevest Head of Wealth Management See omnystudio.com/listener for privacy information.

Nicolai Tangen, boss of Norway's sovereign wealth fund, visited the Middle East and was struck by the area's dynamism, but hours after his departure, the region erupted in a war. The fund is planning for potentially bleak scenarios, including the return of inflation and geopolitical fragmentation, which could have direct consequences for the fund and implications for the stock market. For more, Carol Massar and Tim Stenovec spoke with Bloomberg Opinion Columisnt Lionel Laurent See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.During an all-hands meeting at Apple in January, an employee asked about a spate of executive moves. The company’s chief operating officer recently retired, the chief financial officer and general counsel took smaller roles as a way to prepare for their own retirements, and in a single week in December its heads of artificial intelligence, user interfaces and environmental initiatives all announced their departures.While part of the exodus was related to Apple Inc.’s well-documented struggles in AI, it also reflected a logical transition at a company that turns 50 on April 1. Apple stock has made everyone at the top of its org chart fabulously wealthy, and many are entering the stage of life that often inspires people to prioritize finally spending some time with their families instead of the next generation of iPhones. In his response to the employee’s question, Tim Cook, the company’s 65-year-old chief executive officer, struck an atypically reflective tone. “When people get to a certain age, some,” he said, “are going to retire,” letting the word “some” hang out there in a way that suggested he wasn’t talking about himself, drawing laughter from the audience. “The thing we have to do is make sure that Apple moves on” and reaches the “next level and the next level and the next level.” Cook added that he spends “a lot of time” thinking about “who’s in the room” in 5, 10 and 15 years. “I am obsessed with this.”Cook, who’s run Apple since taking over from co-founder Steve Jobs in 2011, probably doesn’t expect to be in the room himself for another 15 years. While he’s given no indication of an imminent transition, he’s made it clear he wants his heir to come from within the company so he can serve as a mentor. The central candidate is John Ternus, senior vice president for hardware engineering, who oversees development of the devices that generate roughly 80% of Apple’s revenue. At 50, Ternus is also younger than many of the company’s other senior leaders, meaning he could be in the top job longer.Ternus has spent about half his life at Apple. He cut his teeth developing computer monitors, oversaw product design for the original iPad and eventually took over development of the Mac. Since getting the top hardware engineering role in 2021, he’s overseen an expansion in Apple’s product lineup, improving quality and focusing on functional improvements around battery life, performance and connectivity. Earlier this month, when Apple held an event in New York to announce the MacBook Neo, a $599 laptop, it was Ternus, not Cook, who did the big reveal. The next day, Ternus also appeared on Good Morning America to talk up the device, the type of media appearance Cook has generally done himself.Today's show features: Mark Gurman, Bloomberg News Managing Editor for Consumer Tech Onur Ant, Bloomberg News, Middle East & North Africa Managing Editor  Jayati Bharadwaj, Head of FX Strategies at TD Securities Siddharth Phillip, Bloomberg News Chief Correspondent for Global Aviation on recent issues surrounding US airlines See omnystudio.com/listener for privacy information.

Stocks and bonds rebounded after President Donald Trump said the US and Iran had “very good” conversations about an end to the conflict in the Middle East.  President rump said strikes against Iranian energy infrastructure and power plants would be postponed for five days following the start of talks with Iran to end the war.  For details on this development, Tom Keene and Paul Sweeney speak with Bloomberg Middle East Reporter Joumanna Bercetche, Silvercrest Asset Management Head of Investment Policy & Strategy Robert Teeter, and Veda Partners Co-Founder Henrietta Treyz. See omnystudio.com/listener for privacy information.

The US charged Yih-Shyan “Wally” Liaw, a co-founder of Super Micro Computer Inc., with illegally diverting Nvidia Corp.-powered servers to China in violation of US export controls. Liaw and two others allegedly sold the hardware to a Southeast Asian company and coordinated for its ultimate shipment to Chinese customers, and they made efforts to evade scrutiny by auditors from both Super Micro and the US government. Super Micro said it is cooperating with US authorities and has put Liaw and another defendant on administrative leave, and the company stated that the alleged conduct “is a contravention of the company’s policies and compliance controls”. For more Carol Massar and Tim Stenovec speaks with Bloomberg Legal reporter Bob Van Voris. See omnystudio.com/listener for privacy information.

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily." Hosted by Carol Massar and Tim StenovecHear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. US officials say the White House is sending hundreds of Marines to the Middle East as it weighs a plan to seize Iran’s Kharg Island oil export hub. Deploying even a small number of troops on the ground in Iran carries huge risks for President Donald Trump. Any effort to seize and hold Iran’s energy facilities would put US troops in far greater danger than they’ve already been exposed to so far in the conflict, which has seen 13 US fatalities to date. It would also add to the cost and scope of the conflict beyond an air campaign. Just as charged would be the symbolism of American troops landing on Iranian soil and the accusation that Trump — who shot to popularity in part by criticizing the open-ended wars that dogged his predecessors — might be starting one of his own. He said deploying a Marine Expeditionary Unit there would have “substantial risk of casualties, and with no obvious next step as to how such an action really accelerates regime change or even Iran’s willingness to negotiate an end to hostilities.” Today's show features: Jeff Mason, Bloomberg News Washington and White House Correspondent Adam Farrar, Economics Senior Geoeconomics Analyst for Asia-Pacific David Woo, author of Merry-Go-Round Broke Down: A Novel of Guilt, Greed and Globalization and Founder of David Woo Unbound Ian McGinley, Partner at Sidley Austin and former Director of Enforcement at the Commodity Futures Trading Commission See omnystudio.com/listener for privacy information.

The sense of growing hostility toward business leaders and others in power is everywhere, coinciding with dueling populist political movements, and has been heightened by the refusal of many former Epstein pals to take responsibility for associating with him. The Epstein files have exposed a code of elite silence around a sex offender, and many of America's business icons and politicians must stop minimizing their roles in what happened and start making real amends to move forward. Max Chafkin, Bloomberg Businessweek Senior Reporter and co-host of the Everybody’s Business podcast writes about how the Epstein files fallout is a crisis for elites —and an opportunity. He speaks with Bloomberg's Carol Massar and Tim Stenovec. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Each week the world’s largest liquefied natural gas plant remains shut, the world loses the equivalent of enough energy to power Sydney’s homes for an entire year. Qatar’s Ras Laffan plant closed earlier this month after an Iranian drone attack, the first interruption to supply in three decades of operation. Now, after further hits — in retaliation for an Israeli strike on the vast South Pars fields on Wednesday — the wider complex has suffered what Qatar describes as extensive damage. The latest assault damaged t​​​​​​wo of the plant’s fourteen production trains, with repairs expected to take years, people with knowledge of the matter told Bloomberg. That will put severe energy strain on economies across the world. For emerging nations — vital growth markets for LNG — a second gas calamity in four years is already destroying industrial demand, perhaps irreparably.Three weeks of conflict in the Middle East have upended the entire energy supply chain. With the vital Strait of Hormuz all but closed, gasoline and jet fuel prices are surging, cooking gas shortages are triggering fistfights in India and farmers are fretting about diesel and fertilizer. But with virtually no spare capacity, no strategic reserves and no easy replacements, LNG may be one of the most acute pain points in an expanding crisis. The longer this continues, the only solution is for the world to use less gas — and that’s a major setback for a fuel promoted by the industry as a reliable and affordable bridge from dirty coal to full reliance on renewable power. Without gas, power plants curtail output, fertilizer and textile factories shut. The ripple effect from a long-term shock could be even more significant than the 2022 energy crisis, when Russia’s invasion of Ukraine forced dramatic changes in global gas flows.Today's show features: Ruth Liao, Bloomberg News Reporter covering Liquefied Natural Gas Sheila Kahyaoglu, Managing Director in Equity Research at Jefferies Matt Diczok, Head of Fixed Income Strategy for Merrill and Bank of America Private Bank Drive to the Close with Mark Travis, CEO of Intrepid Capital See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Federal Reserve Chair Jerome Powell said he plans to stay at the central bank until after the Justice Department’s investigation is complete. “I have no intention of leaving the board until the investigation is well and truly over, with transparency and finality,” Powell said Wednesday at a press conference. His comments marked the first time Powell has given any public indication that he intends to continue serving his term as a governor, which runs until 2028, after his term as chair expires in May. Speculation he would do so has increased in recent months amid a government probe into the US central bank. The DOJ in January issued subpoenas to the Fed as part of an investigation into cost overruns in a building renovation project. In a statement at the time, Powell called the reasons for the investigation pretexts and said the probe was really triggered by the Fed’s refusal to set interest rates based on President Donald Trump’s demands. The subpoenas were blocked by a federal judge earlier this month, but the DOJ said it would appeal that decision. Today's show features: Greg Peters, Co-Chief Investment Officer and PGIM Fixed Income Kalshi CEO Tarek Mansour and reaction from Bloomberg Cross Asset Reporter Denitsa Tsekova Hendi Susanto, Portfolio Manager of Technology at Gabelli Funds on Micron Earnings Jennifer Welch, Bloomberg Economics Chief Geoeconomics Analyst, on where China stands amidst the Iran War See omnystudio.com/listener for privacy information.

There’s been a lot of negative media around “private credit,” but most of that conversation is focused on leveraged corporate lending. Real estate credit is a different market — loans are asset-backed and underwritten to hard collateral. We’re in the middle of a significant housing shortage in the U.S., particularly in major urban markets like New York. That structural demand continues to support new housing development and well-located multifamily assets. There’s increasing attention from policymakers around housing affordability and supply, including proposals from figures like Zohran Mamdani. Regardless of the political approach, there’s broad recognition that more housing needs to be built and that capital will be needed to support that supply. Ran Eliasaf is Founder and Manager Partner of Northwind Group, an institutional real estate credit platform focused on lending and structured financing for commercial real estate and healthcare assets. Since its founding in 2008, the firm has transacted on more than $9 billion of real estate across over 400 properties and originated approximately $4 billion of loans secured by more than 300 properties, with zero principal losses across its debt investments to date. Ran speaks with Bloomberg's Carol Massar and Tim Stenovec. See omnystudio.com/listener for privacy information.

Regenerative Social Finance (RSF) is an impact-first financial services organization. They offer investment notes, donor-advised funds, and loans to mission-driven organizations to mobilize money to have a positive social and environmental impact. They have invested in healthier food systems, whole-child education, cleaner climates, stronger communities, and more.Kathleen Paylor is Vice President of Impact Investing and Philanthropy at Regenerative Social Finance (RSF), where she works with investors to align financial returns with measurable social and environmental impact. She speaks on how women and high-net-worth investors increasingly rethinking how they allocate capital See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Iran has stepped up attacks on Saudi Arabia in recent days, signaling it’s targeting the oil-rich kingdom more aggressively than earlier in the war.Tehran launched almost 100 drones at Saudi Arabia on Monday, far above the previous daily average of less than 25, according to data released by the Saudi defense ministry. The barrage marked the largest single-day strike on the country since the war began.The surge started last week and has since intensified, with attacks increasingly concentrated on the kingdom’s eastern province, home to major oil infrastructure. The escalation underscores Iran’s ability to destabilize the wider Gulf, threatening shipping lanes — particularly the vital Strait of Hormuz — and energy facilities.Iran is relying more heavily on drones than missiles as the conflict drags on. Drones typically carry smaller payloads than ballistic or cruise missiles and tend to cause less destruction, though they can still inflict significant damage depending on the target. Their relatively low cost and ability to be launched in large numbers make them a persistent challenge for air-defense systems.Launches have declined since the start of the war, but that doesn’t mean Tehran is running short of weapons. Despite US and Israeli strikes on stockpiles, launchers and drone factories, Iran remains able to sustain attacks.Today's show features: Dan Williams, Reporter for Bloomberg News Based in Jerusalem and Alex Vatanka, Middle East Institute Senior Fellow Ellen Wald, Transversal Consulting & Atlantic Council Senior Fellow on Oil Markets Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, on recent Nvidia news Samantha Dart, Co-Head of Global Commodities Research at Goldman Sachs on the latest in oil and natural gas See omnystudio.com/listener for privacy information.

Oura said it is acquiring Helsinki-based Doublepoint Technologies Oy, which specializes in technology that allows users to control wearable devices with small hand movements using a combination of artificial intelligence and biometric data. The purchase will guide future versions of Oura’s smart rings, where hand gestures could play a central role to the experience, along with possibly voice control. Holly Shelton, Oura Chief Product Officer, speaks on why most health technology was not designed with women’s bodies in mind and why is it so important to build health products specifically for women? See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Nvidia, the company at the center of an explosive build-out of AI computing, expects to generate at least $1 trillion from its Blackwell and Rubin chips through the end of 2027.The company had previously forecast that the chips would bring $500 billion in sales by the end of 2026. The latest forecast, delivered by Chief Executive Officer Jensen Huang during the company’s GTC event, extends the outlook.The forecast underscores the scale of Nvidia’s business, which has been supercharged by demand for chips that develop and run AI models. But the cumulative figure doesn’t suggest a tremendous acceleration in sales growth.After initially rising as much as 4.8%, the shares soon pared their gains on Monday.A flood of spending on AI chips has turned Nvidia into the world’s most valuable company. But investors have sought more evidence that the market’s growth remains on track. Nvidia is also facing mounting competition from rivals like Advanced Micro Devices Inc., as well as its own customers attempting to produce in-house chips to handle AI.The company has accelerated its technology development in recent years. Nvidia tries to replace its entire product lineup on an annual basis while adding new components. The next design of its flagship AI processors, appearing in systems in the second half of 2026, is called Vera Rubin. The lineup is named for the pioneering astronomer whose observations provided evidence supporting the existence of dark matter.Today's show features: Ed Ludlow, Bloomberg Tech Co-Host Marc Champion, Bloomberg Opinion International Affairs Columnist Catherine Owen Adams, Acadia CEO Drive to the Close with Aaron Mulvihill, JPMorgan Asset Management Executive Director & Global Alternatives Strategist See omnystudio.com/listener for privacy information.

You've probably heard of the pink tax—that additional price women pay to exist in the same world as men. Now meet the double tax, the compounded cost of racism and sexism or the pink tax and then some. The Double Tax dares to ask why it’s so expensive to be a woman in America and why it doesn’t have to be this way. In The Double Tax, Harvard researcher Anna Gifty Opoku-Agyeman summarizes the disparities that women face as they navigate life’s biggest moments. Not only do the numbers reveal that women incur higher costs than men, but also that Black and white women lead vastly different lives, marked by dramatic gaps in job opportunities, salaries, housing costs, childcare access, and generational wealth. She coins this gap as the “double tax,” the compounded cost of racism and sexism. She speaks with Bloomberg's Carol Massar, Tim Stenovec, and Norah Mulinda. See omnystudio.com/listener for privacy information.

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."Hosted by Carol Massar and Tim StenovecHear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.A federal judge rejected as improper Justice Department subpoenas issued to the Federal Reserve Board seeking records relating to its renovations of its headquarters and Chair Jerome Powell’s comments to Congress about the project.US District Judge James Boasberg said the government had advanced no evidence to justify the subpoenas and said they clearly reflected an “improper motive” of retaliating against Powell over policy differences. Jeanine Pirro, who leads the US Attorney’s Office for the District of Columbia, called the ruling wrong and said they would appeal the decision.The White House didn’t immediately respond to a request for comment. The Fed declined to comment.“A mountain of evidence suggests that the government served these subpoenas on the Board to pressure its Chair into voting for lower interest rates or resigning,” Boasberg said. “On the other side of the scale, the government has produced essentially zero evidence to suspect Chair Powell of a crime; indeed, its justifications are so thin and unsubstantiated that the court can only conclude that they are pretextual.”DOJ issued subpoenas to the Fed in January threatening a criminal indictment, Powell said at the time. The subpoenas are related to the Fed’s ongoing $2.5 billion renovation of its headquarters in Washington and testimony Powell provided about the construction before the Senate Banking panel last year.Powell, in an unusually forceful video response to the subpoenas, characterized the investigation as motivated by the Fed refusing to set interest rates according to the preferences of President Donald Trump.Kevin Warsh, a former Fed governor, has been nominated by Trump to replace Powell when the latter’s term as chair ends in May. North Carolina Republican Thom Tillis, a member of the Senate Banking Committee, has vowed to block any Fed nominations as long as the DOJ investigation of Powell remains unresolved. Tillis reiterated that commitment this week.Today's show features: Elliot Stein, Bloomberg Intelligence Senior Litigation Analyst Mike Collins, PGIM Fixed Income Managing Director & Executive Portfolio Advisor Oleksandr Komarov, Kyivstar CEO Katrina Manson, Bloomberg News Reporter covering Tech and National Security See omnystudio.com/listener for privacy information.

Today the world of private equity and credit is a rancid pool of conflicts and illegality that cannot possibly be seen as superior to public markets. Private equity executives even enjoy special tax provisions from Congress for "carried interest" to reward them for their efforts in soaking investors. Advocates of private schemes like crypto tokens, which are explicitly not considered securities, buy and sell Members of Congress like chattel.Chris Whalen, former banker and risk analyst weighs in on the latest concerns in private credit on the back of this week’s headlines including JPMorgan Chase restricting some lending to private credit funds after marking down the value of certain software-linked loans in its portfolios. AS well as Morgan Stanley and Cliffwater capping withdrawals from their private credit funds See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Iran’s new supreme leader said the Strait of Hormuz should remain shut and Tehran will look to open other fronts in the war if the US and Israel persist with their attacks.In his first public comments since succeeding his father at the weekend, Mojtaba Khamenei said the Islamic Republic would seek to ensure the critical waterway for oil and gas stays effectively closed — maintaining a choke on supplies that’s triggered a surge in global energy prices.His statement — published on state media on Thursday — came as US President Donald Trump said preventing Iran from having nuclear weapons and being a threat to the Middle East is “of far greater interest and importance to me” than the cost of oil.The defiance shown by both leaders indicates that the war in the Middle East isn’t close to a de-escalation after almost two weeks of fighting. Israel launched a fresh wave of large-scale strikes across Iran on Thursday, while the Islamic Republic stepped up attacks on Dubai and shipping assets.Today's show features: Jennifer Welch, Bloomberg Economics Chief Geoeconomics Analyst Rockford Weitz, Tufts University's Fletcher School of Law and Diplomacy Professor of Practice & Director of the Maritime Studies Program Jason Greenblath, American Century Investments Senior Portfolio Manager Michael Lohan, CEO of IDA Ireland See omnystudio.com/listener for privacy information.

WWE Superstar Charlotte Flair (Ashley Fliehr) has joined Self-Care Is For Everyone (SCIFE) as the brand’s first Angel Investor and official Brand Champion. Ashley’s investment will directly fund SCIFE’s expansion from a viral apparel-led advocacy brand into a multi-platform mental health media and product company. For Ashley, this investment is deeply personal — as an elite performer who has navigated the pressures of global visibility, injury, reinvention, and resilience, she believes mental strength and emotional well-being are foundational to long-term success. Backing SCIFE is her commitment to normalizing self-care conversations and ensuring mental health support is accessible, aspirational, and stigma-free for the next generation. She speaks with Bloomberg's Carol Massar and Norah Mulinda. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.A key measure of US inflation was tame at the start of the year. But another metric is shaping up to paint a very different picture.Wednesday’s report on the consumer price index showed core inflation, which excludes food and energy costs, was mild in both January and February — a pleasant surprise as companies tend to raise prices at the turn of the year. Yet economists expect another gauge, one preferred by the Federal Reserve and set for release on Friday, was probably rather strong in both months.The fact that the personal consumption expenditures price index has been outpacing the CPI is already unusual. Typically it’s been the other way around, as a higher weighting on housing costs in the CPI tends to keep that measure relatively elevated.Now the wedge appears to be deepening. Should the core PCE rise 3.1% in the year through January as economists expect, it would exceed the annual core CPI by one of the widest margins in decades.The divergence began before the Iran war, which has sent oil prices sharply higher and renewed risks of a broader acceleration in inflation. That puts the Fed in a tough spot. While policymakers are broadly expected to leave interest rates unchanged next week, a sustained pickup in price pressures would make it difficult for officials to justify resuming rate cuts in coming months to shore up a fragile labor market.The PCE price index, a product of the Bureau of Economic Analysis, draws from the CPI for several price categories. In the wake of the latest CPI data, economists were quick to boost their forecast for the February core PCE price index, which is due April 9. Several projected it would rise 0.4% for a second month, with some penciling in a bigger pickup.Today's show features: Yelena Shulyatyeva, The Conference Board Senior US Economist, on today's CPI reaction as we count down to next Fed decision Gerry Doyle, Bloomberg News Global Defense Editor on Iran’s Cheap, Plentiful Weaponry Puts US Military Under Strain Gary Evans, US Antimony CEO on the company's $27M award from Dept of Defense under the Defense Production Act Ellen Wald, Transversal Consulting & Atlantic Council Senior Fellow on the latest in the oil markets See omnystudio.com/listener for privacy information.

The son of Ayatollah Ali Khamenei will become Iran’s next supreme leader, Iran’s semi-official Fars news agency announced, taking over after his father was killed in an attack by the US and Israel. Mojtaba Khamenei, 56, is the third person to lead the Islamic Republic and the first example of hereditary succession since the overthrow of the Pahlavi monarchy in the 1979 revolution. Iran’s Assembly of Experts elected the country’s next supreme leader in a “decisive vote,” according to Fars. The vote took place hours before the result was made public. Alex Vatanka, Middle East Institute Senior Fellow, joins Bloomberg Businessweek Daily to discuss Mojtaba Khamenei's ascent and what it means for Iran and global relations. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Energy markets whipsawed for a second consecutive day as investors raced to interpret rapidly shifting comments from the Trump administration over the war in Iran. Oil prices plummeted after Energy Secretary Chris Wright erroneously posted — and then deleted — a message that the US Navy had escorted an oil tanker through the Strait of Hormuz, only for White House Press Secretary Karoline Leavitt to subsequently concede no such operation had occurred. But, the spokeswoman said, the US military was “drawing up additional options” to address any attempt by Iran to constrain trade through the vital artery. Later Tuesday afternoon, President Donald Trump posted his own flurry of messages on social media. First, Trump insisted the US had “no reports” of mines being placed, but then urged Iranian forces to remove any explosives they may have laid. Next, Trump said the US was “using the same Technology and Missile capabilities deployed against Drug Traffickers” to target mining ships. Minutes later, the president reported that the US had “hit, and completely destroyed, 10 inactive mine laying boats” and promised “more to follow.”Today's show features: Kevin Gordon, Schwab Head of Macro Research & Strategy as markets digest a flurry of geopolitical headlines Bloomberg Balance of Power Co-host Joe Mathieu as the White House says the US Navy has not escorted a tanker through the Strait Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech on Apple's new $599 MacBook Neo Anurag Rana, Bloomberg Intelligence Senior Technology Analyst on Oracle's blockbuster earnings report See omnystudio.com/listener for privacy information.

As fans of FX’s new limited series, Love Story: John F. Kennedy Jr. & Carolyn Bessette search for real-life versions of the characters' wardrobes, they're running into roadblocks. According to Google Trends, searches for “Calvin Klein 90s” shot up 850% in the US the week Love Story premiered. When customers found more fleece joggers and graphic tees on its website than the sleek basics they were looking for, some turned to secondhand sellers. PVH Corp., the apparel conglomerate that bought the Calvin Klein brand from the designer of the same name in 2003, declined to comment on its CBK strategy—or lack thereof—citing a quiet period ahead of its next earnings release. Dina Katgara, Bloomberg News Consumer Reporter, joins Bloomberg Businessweek Daily to discuss. She speaks with Carol Massar and Tim Stenovec. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump made an emphatic declaration on Friday about his intentions in the widening Middle East war: He’d accept no deal with Iran other than “unconditional surrender” and pledged the US “will work tirelessly” to restore the country’s economy if a new leader is installed whom he deems acceptable.Nearly a week in, the military campaign has sent oil prices soaring and roiled equity and bond markets across the globe. The online missive showed the president — who campaigned as a pro-peace candidate — is digging in on policies that threaten to tear his fragile political coalition apart.The revolt of “Make America Great Again” influencers including Tucker Carlson, Megyn Kelly and Marjorie Taylor Greene, along with several GOP politicians, has produced a chorus of betrayal. “No one should have to die for a foreign country,” Kelly said on her radio show this week.Their backlash comes after Trump has already tested his base’s loyalty with an earlier strike on Iran and an operation in Venezuela to capture Nicolas Maduro that represent the kind of military adventurism he’d built his political career on rejecting, as well as his handling of the Epstein files, which frustrated some MAGA devotees who expected the swift and full transparency he promised.At the same time, the Iran campaign risks alienating the more-casual Trump voters who cast a ballot for him hoping he’d shore up the economy, and see Middle East conflict as a distraction — or even a hindrance. Gasoline prices this week rose to their highest level at any time during a Trump presidency.Today's show features: Nancy Cook, Bloomberg News Senior National Economic Correspondent on Big Take: ‘MAGA Is Split': Trump Digs In on Iran War, Divides Loyalists Jennifer Welch, Bloomberg Economics Chief Geoeconomics Analyst on ongoing impact of Iran/Hormuz on gas prices, inflation/stagflation, energy and other commodities prices Madison Muller, Bloomberg News Health Reporter on Novo Drops Hims & Hers Lawsuit and Will Sell Wegovy on Site, FDA Plans to Loosen Testing Rules to Boost Biosimilar Drugs Bloomberg News White House Editor Jordan Fabian on President Trump Says War with Iran is ‘Very Complete' See omnystudio.com/listener for privacy information.

Featuring some of our favorite conversations of the week from our daily radio show “Bloomberg Businessweek Daily.” Hosted by Carol Massar and Tim Stenovec Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio. You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News. Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Oracle Corp. and OpenAI have scrapped plans to expand a flagship artificial intelligence data center in Texas after negotiations dragged over financing and OpenAI’s changing needs. The collapsed talks created an opening for Meta Platforms Inc. to step in and consider leasing the planned expansion site in Abilene, Texas, from developer Crusoe, according to people familiar with the matter. Nvidia Corp., the leading AI chipmaker, helped facilitate Meta’s discussions with the developer, said the people, who asked not to be identified because the talks are private. The shifting plans underscore the complexity of building out AI data centers, which are expected to cost in the tens of billions of dollars and require cooperation from a wide swath of partners. The campus being developed by Crusoe in Abilene is part of the highly publicized Stargate project, which was announced last year at the White House with President Donald Trump. While the 1,000-acre site continues to be built, and several parts are up and running, Oracle and OpenAI elected not to go forward with tentative plans to lease a large expansion, the people said. Oracle and OpenAI are using Nvidia’s AI semiconductors at the Stargate site. With Crusoe seeking a tenant, Nvidia became involved to ensure its products would still fill the expanded data center rather than that of rival Advanced Micro Devices Inc., said the people. Nvidia paid a $150 million deposit to Crusoe and began helping court Meta as a tenant for the expansion, the people said.Today's show features: Ed Ludlow, Bloomberg Tech co-host on Oracle and OpenAI End Plans to Expand Flagship Data Center Ellen Wald, President of Transversal Consulting and Senior Fellow at the Atlantic Council, on oil markets James Crombie, Bloomberg News Senior Editor on Credit, on how broad credit markers are reacting to war and inflation Drive to the Close with Sevasti Balafas, CEO at GoalVest Advisory See omnystudio.com/listener for privacy information.

Carlsmed is a commercial-stage medical technology company pioneering AI-enabled personalized spine surgery solutions with a mission to improve outcomes and decrease the cost of healthcare for spine surgery and beyond. They are focused on becoming the standard of care for spine fusion surgery. They've been using technology and AI-enabled 3D surgical planning and implants personalized for each patient. Mike Cordonnier is the co-founder and serves as Chief Executive Officer and President of Carlsmed, he also serves as Chairman of the Board of Directors. He speaks with Carol Massar and Tim Stenovec on the company's earnings and commercial & growth strategy. See omnystudio.com/listener for privacy information.

Women who go on to develop postpartum depression (PPD) may have characteristic levels of neuroactive steroids, molecules derived from the hormone progesterone, in their blood during the third trimester of pregnancy, according to a new study by researchers at Weill Cornell Medicine and the University of Virginia School of Medicine. These molecules influence the brain’s stress response and emotional regulation. Dr. Lauren Osborne is Vice Chair of Clinical Research, Department of OBGYN at Weill Cornell Medicine and she discusses how postpartum depression affects many families, how common is it, and why has it historically been underdiagnosed or overlooked. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. President Donald Trump’s war with Iran threatens to deal a severe blow to a global economy still grappling with the impact of his historic tariff hike. For Europe, sustained higher energy prices would take the economy to the brink of recession. For the US, they would place the Federal Reserve in an impossible position — stuck between a war that pushes inflation higher and a president demanding that interest rates come down. For China, the end of discounted Iranian oil imports adds to strain from Trump’s tariffs and a real estate collapse.In the first days of the fighting, the intensity is high and the endgame uncertain. Bloomberg Economics has modeled scenarios for what lies ahead, and what they mean for oil prices, major economies, and the future of Iran.It is, of course, possible that Washington and Tehran find an off-ramp, oil settles back at its pre-escalation average of $65 a barrel, and the global economy dodges a blow. The latest signs, though, suggest there’s worse to come. Saudi Arabia’s largest oil refinery is closed. Qatar has shuttered the world’s biggest liquefied natural gas facility. The Strait of Hormuz is effectively paralyzed. Oil and gas prices have already rocketed higher. Stocks have taken a hit. Treasury yields have risen as traders curb bets on Fed cuts. In a severe scenario, Bloomberg Economics assumes that with Trump warning of a “big wave” of attacks, Israel aiming at the fall of the Islamic Republic and Tehran betting it can outlast its adversaries, the fighting grinds on. Intensified Iranian strikes set refineries and ports ablaze or knock out pipelines, bringing energy production to a halt.Today's show features: Jennifer Welsh, Bloomberg Economic Chief Geoeconomics Analyst, on Iran War Oil Shock Threatened to Unleash Wave of Global Inflation Jeff Mason, Bloomberg News White House Correspondent on Trump Replacing Kristi Noem as Homeland Chief After Rocky Tenure Bloomberg News Chief Correspondent for Private Capital Davide Scigliuzzo on latest developments in private credit Drive to the Close with David Busch, CEO and CIO of Trajan Wealth See omnystudio.com/listener for privacy information.

A few weeks ago, traders on the two major prediction market platforms, Kalshi and Polymarket, were furiously debating whether Cardi B’s dancing onstage at the Super Bowl constituted a “performance.” Now the sites’ traders—and some outside observers—are up in arms over the markets that allowed users to bet on Iran’s future. Another day, another moral, legal and philosophical minefield for these businesses. Chris Beam, Bloomberg Businessweek Contributor writes how the Iran-related controversies generated by Kalshi and Polymarket say a lot about how the two companies are positioning themselves in the sector, as well as in the debates over what role prediction markets should play in our society. Chris speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.Sebastian Escobar See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Traders were on Wednesday awaiting further details of President Donald Trump’s plan to guarantee the free flow of energy shipments through the Persian Gulf, as the shipping industry warned the proposal may struggle to restore confidence after attacks effectively shut the Strait of Hormuz. The disruption threatens to sever seaborne energy trade between some of the world’s largest producers and key consuming nations, heightening risks for global markets. Brent crude was little changed after jumping more than 10% this week, while European gas prices slipped following the biggest rally in four years. Trump said Tuesday the US would offer insurance backstops and naval escorts for commercial vessels transiting the region, seeking to reassure markets rattled by a spiraling conflict involving Iran. Multiple attacks on vessels in recent days have choked off traffic through the narrow waterway.The world’s largest shipping industry association said it was seeking clarification on how the US-led convoy system would operate, warning that protecting every tanker in the region would be “unrealistic.” Officials at two major commodity trading houses said they doubted the measures would materially reduce the danger of attack, even with military escorts in place. “Nothing is sure and we need immediate clarity,” said Khalid Hashim, managing director of Precious Shipping Pcl, a Thai firm that owns bulk carriers. “Lives are at risk, cargoes are at risk, ships are at risk. We need immediate cover that protects us from all this,” he said. Today's show features: Bloomberg News National Security Team Leader Nick Wadhams on whether Iran is seeking an onramp to the ongoing war Steve Moore, Co-Founder of Unleash Prosperity and a former Trump Economic Advisor, on the US economic and monetary policy outlook Bloomberg News Consumer Tech Reporter Samantha Kelly on Apple’s latest product launch event and new low-priced laptop Bloomberg News Economic Editor Molly Smith with instant reaction to the latest Federal Reserve Beige Book release See omnystudio.com/listener for privacy information.

MongoDB shares tumbled 22% Tuesday after the database software company gave weaker-than-expected forecasts for full-year revenue and first-quarter adjusted earnings. The figures are reviving concern about expansion amid an intensifying product race and signaling rising competitive intensity and slower expansion of customer wallets, according to research from Bloomberg Intelligence. MongoDB's 2027 revenue guidance implies a roughly 600-bp deceleration vs. 2026, while the operating-income view trails consensus.  Chirantan “CJ” Desai is the President and Chief Executive Officer of MongoDB, a position he assumed in November. He discusses the company’s latest earnings report and the impact of artificial intelligence as he looks to allay investor fears following the stock price's biggest drop since last March. CJ speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. A selloff in stocks and bonds was trimmed as assurances on American action to secure shipping lanes through the Strait of Hormuz amid the Iran war pared what had been an over 9% surge in oil. Following an earlier slide in the S&P 500 that reached 2.5%, the equity benchmark dropped less than 1%. President Donald Trump said the US will escort and insure tankers and other vessels through the world’s most-critical energy chokepoint. Oil prices waned in post-settlement trading, with Brent trading near $80 a barrel. The war in the Middle East reverberated across the region, with Israel bombarding Tehran in a fresh wave of strikes. The Islamic Republic fired missiles at Qatar, Bahrain and Oman, with Doha saying targets weren’t limited to military interests. Qatar and Iraq halted production at major energy sites. With the conflict disrupting shipments, fuel costs have been on the rise. A sustained surge in prices for diesel — used in freight, power and heating — could add to the cost of transportation — a key inflation component. Gasoline has also surged, intensifying those risks. Today's show features: Connor Teskey, CEO of Brookfield Asset Management, on the company’s expansion in infrastructure and transition investing Lynn Martin, President of the New York Stock Exchange, on the IPO pipeline, issuer readiness, and broader market valuation John Rogers, Founder and CEO of Ariel Investments, on value investing strategies and the debate over US exceptionalism vs. market concentration risk Alex Rodriguez, Chairman & CEO of A-Rod Corp, on sports as an institutional asset and rising valuations, as well as the latest season of The Deal See omnystudio.com/listener for privacy information.

Money manager Danny Moses, immortalized in The Big Short, said last week that private credit and private equity firms’ push into retail products reminds him of the years preceding the subprime mortgage crisis. The comments, made during a panel at the iConnections Global Alts conference in Miami Beach, Florida, came as business development companies — funds that pool direct loans — face a surge in redemptions amid growing concerns over lending standards. Private capital firms have begun to more aggressively court individual investors in recent years, fueling worries that a wave of withdrawals from mom-and-pop savers could strain a market built on hard-to-sell assets.Moses, the Founder of Moses Ventures, LLC, expands on his credit market commentary and delves into the business of prediction markets, while also reacting to expansive remarks from JPMorgan CEO Jamie Dimon about the investing environment amid renewed military conflict in the Middle East. Danny speaks with Carol Massar, Tim Stenovec and Bloomberg News Equities Reporter Alexandra Semenova on Bloomberg Businessweek Daily. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Oil surged as the Iran war threatened to snarl shipping lanes, stoking inflation fears that pummeled bonds amid diminishing odds for a rate cut. The dollar rose. Stocks erased losses.Also weighing on Treasuries were figures showing manufacturing expanded, with input prices jumping. Ten-year yields headed toward their biggest advance since April. The S&P 500 was little changed after a slide that earlier topped 1%. Energy and defense shares gained. Several tech firms with solid balance sheets rallied. Airlines sank. Gold topped $5,300.The near halt to traffic through the Strait of Hormuz and disruption at a big refinery in Saudi Arabia underscored the threat to oil supplies. West Texas Intermediate jumped 6.3% to settle at $71.23. European natural gas prices soared as Qatar shut the world’s largest LNG export plant.As US-Israeli strikes on Iran reverberated across the Middle East, President Donald Trump called on the nation’s leaders to capitulate, while the Islamic Republic’s security chief ruled out negotiations. US Defense Secretary Pete Hegseth rejected the idea of an “endless” war.Today's show features: Michael Contopoulos, Deputy Chief Investment Officer at Richard Bernstein Advisors, on the equity and fixed income market reaction to the latest armed conflict in the Middle East Mona Yacoubian, Director and Senior Adviser, Middle East Program at the Center for Strategic and International Studies, on the major Middle East escalation as the US and Israel battle against Iran and its proxies Marcelo P. Lima, Founder and Managing Partner at Heller House, on the threat of AI to fintech jobs following Block’s 40% staff reduction Cole Smead, Chief Executive Officer and Portfolio Manager of Smead Capital Management, on the energy market reaction to the military action across the Middle East See omnystudio.com/listener for privacy information.

Vir Biotechnology Vir is a clinical-stage biopharmaceutical company focused on powering the immune system to transform lives by discovering and developing medicines for serious infectious diseases and cancer. The company on Monday announced new data from the ongoing Phase 1 clinical trial of VIR-5500, a prostate-specific membrane antigen (PSMA)-targeting, PRO-XTEN dual-masked T-cell engager (TCE) being evaluated in patients with advanced metastatic castration-resistant prostate cancer (mCRPC) who have progressed after multiple lines of therapy. These data suggest that VIR-5500 monotherapy is well tolerated and exhibits promising anti-tumor activity.Marianne De Backer, Ph.D., the CEO at Vir Bio, discusses the progress being made with the firm's leading treatments, the runup in its share price thus far in 2026, and why partnerships are key to advancing Vir's impact. Dr. De Backer speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. See omnystudio.com/listener for privacy information.

'Bloomberg This Weekend' features unique conversations on business, news, lifestyle and culture. Join David Gura, Christina Ruffini and Lisa Mateo Saturdays and Sundays for discussions with business leaders, lawmakers and cultural icons.  Watch the show LIVE on Bloomberg Television from 7AM-10AM Eastern Time.   Listen to the show LIVE on Bloomberg Radio from 7AM-10AM Eastern Time.   Listen to the Podcast for the best conversations from the show.   Subscribe on Apple: https://podcasts.apple.com/us/podcast/bloomberg-this-weekend/id1878739308Subscribe on Spotify: https://open.spotify.com/show/5DQ8CEg9LeS1xGJSaxt47l See omnystudio.com/listener for privacy information.

The US and Israel began striking targets across Iran, with President Donald Trump urging Iranians to overthrow the government in a conflict that threatens to spiral across the oil-rich Middle East.   “The hour for your freedom is at hand,” Trump said, addressing Iranians in a video posted on Truth Social on Saturday. “When we’re finished, take over your government. It will be yours to take. This will be probably your only chance for generations.”   The military campaign could be a defining moment for Trump, risking a drawn-out regional war that leads to a surge in energy prices and American casualties ahead of mid-term elections this year. Iran quickly responded by firing missiles on Israel and US bases around the region, and countries in the Persian Gulf closed their airspace.  Israel’s military said the campaign would target “dozens of military targets,” and Iran media reported strikes on defensive and civilian sites, including more than 50 people dead in a strike on a school in Hormozgan, in the south of the country. Several large explosions were reported in the capital, Tehran.   Bloomberg's David Gura and Christina Ruffini lead our team coverage in this instant reaction podcast. See omnystudio.com/listener for privacy information.

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily." Hosted by Carol Massar and Tim Stenovec Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio. You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News. Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump directed US government agencies to stop using Anthropic PBC’s products, capping a feud between the artificial intelligence giant and the Pentagon over safeguards on its technology.Trump said Friday that there would be a six-month “phase out period” for agencies including the Defense Department that are using Anthropic’s products.“The Leftwing nut jobs at Anthropic have made a DISASTROUS MISTAKE trying to STRONG-ARM the Department of War, and force them to obey their Terms of Service instead of our Constitution,” the president posted on social media. “Therefore, I am directing EVERY Federal Agency in the United States Government to IMMEDIATELY CEASE all use of Anthropic’s technology.”Spokespeople for Anthropic didn’t immediately respond to requests for comment.Hegseth had given Anthropic until 5 p.m. on Friday to allow the Pentagon to use the Claude chatbot for any means necessary, within legal limits. The company had insisted that Claude not be used for mass surveillance against Americans or in fully autonomous weapons operations.Trump’s decision will send a shockwave through Silicon Valley, where tech firms have invested billions of dollars on artificial intelligence and are weighing how best to handle federal government contracting. The move takes aim at a company that’s leading development of AI, a centerpiece of Trump’s economic agenda.Today's show features: Bloomberg News Reporter covering technology and national security Katrina Manson, on President Donald Trump directing US government agencies to stop using Anthropic's products due to a feud over safeguards on its technology Robert Reffkin, Founder, Chairman and CEO of Compass International Holdings, and Varun Krishna, President and CEO of Rocket Companies, on a three-year strategic alliance aimed at expanding home listing inventory to create an enhanced affordable home buying and selling experience for American families Luis von Ahn, Co-Founder, Chairman, President & CEO of Duolingo, on earnings and the struggles of the language learning platform in the era of AI-related disruption Bloomberg News Senior Editor, Equities Americas Eric Weiner, recapping the worst trading month since March 2025 See omnystudio.com/listener for privacy information.

February is American Heart Month, known as a critical time for bringing increased attention to cardiovascular health and the prevention of heart disease, which is the leading cause of death in the US. Women are particularly vulnerable to cardiac health threats spanning biological, clinical and healthcare system factors that contribute to underdiagnosis, delayed treatment, and worse outcomes compared to men. Dr. Joy Gelbman, Associate Professor of Medicine at Weill Cornell Medicine as well as a board-certified cardiologist, is well-versed in the unique challenges facing women when it comes to their cardiac health. She breaks down specific sex-specific risk factors, differing disease presentation and pathophysiology, as well as the experience disparities in treatments and outcomes. Dr. Gelbman speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Jack Dorsey’s Block is cutting 4,000 employees, reducing its workforce by nearly half as the financial technology firm places a bet on artificial intelligence changing the future of labor productivity.Block has been restructuring its business model and staffing since 2024 as the company’s stock has lagged. At the same time, the company has invested heavily in artificial intelligence tools to run more efficiently, including building its own tool called Goose.The reduction in force, which was announced in a shareholder letter on Thursday, comes after rolling job eliminations that have often been tied to annual performance reviews.The move by Block is the latest indication of the havoc that new AI tools are wreaking on the economy and financial markets.In the shareholder letter, the company highlighted strong financial performance over 2025 including gross profit growth that more than doubled from the first quarter to the fourth quarter.Dorsey, the company’s co-founder, touted how the company has reignited growth of users of its peer-to-peer payments app Cash App, scaled its lending products and accelerated Square gross payment volume. Block reported gross profit of $10.36 billion in 2025, up 17% year-over-year.Today's show features: Bloomberg News Fintech and Crypto Reporter Emily Mason on Block's massive staff cuts Chris Miller, Professor of International History at The Fletcher School at Tufts University, on the geopolitical forces shaping the global ecosystem for semiconductors Steven Dickens, CEO and Principal Analyst of HyperFRAME Research, with Nvidia earnings analysis and a lookahead to CoreWeave earnings after the bell Bloomberg News National Security Reporter Jaime Tarabay on Hillary Clinton’s closed-door testimony related to her connections to the late Jeffrey Epstein, and allegations that the Department of Justice withheld some files in the Epstein case due to an abuse claim against President Trump See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Nvidia Corp., the world’s most valuable company, gave another bullish quarterly revenue forecast, signaling that the massive build-out of AI computing remains on track.Fiscal first-quarter sales will be about $78 billion, the chipmaker said in a statement Wednesday. That compares with an average Wall Street estimate of $72.8 billion, according to data compiled by Bloomberg. “Our customers are racing to invest in AI compute — the factories powering the AI industrial revolution and their future growth,” Chief Executive Officer Jensen Huang said in the statement.The outlook helped soothe concerns about a bubble in AI investments. Huang has repeatedly downplayed fears that the run-up in spending on artificial intelligence hardware isn’t sustainable. He argues that it will take years to replace the world’s installed base of older computers with machines that offer a leap forward in productivity.But some investors had grown weary of that optimism and traded out of stocks like Nvidia. Wednesday’s report provides some evidence that near-term worries may be overblown.Today's show features: Bloomberg Tech Co-Host Ed Ludlow, and Jay Goldberg, Senior Analyst, Semiconductors & Electronics with Seaport Research Partners, break down Nvidia’s earnings report and outlook Bloomberg Intelligence Senior Global Head of Technology Research Mandeep Singh reacts to quarterly earnings from Nvidia and Snowflake, and Bloomberg Intelligence Senior Technology Analyst Anurag Rana with analysis of earnings from Salesforce and the broader disruption to software companies amid concerns that AI will erode demand Libby Cantrill, Managing Director and the head of public policy for PIMCO on market reverberations following President Donald Trump’s State of the Union address Bloomberg News Miami Bureau Chief Dan Cancel on the report of Cuban forces killing four people who opened fire from a speedboat with Florida tags   See omnystudio.com/listener for privacy information.

Shares of MercadoLibre fell after fourth-quarter net income missed analysts’ estimates as the company continued to invest heavily in its main business lines. MercadoLibre posted $559 million in net income, below the average forecast for $596 million, according to data compiled by Bloomberg. However, the company posted a 45% year-on-year increase in net revenue to $8.8 billion, beating consensus analyst estimates of $8.5 billion, as customers took advantage of free shipping perks in Brazil and piled into MercadoLibre’s credit offerings. That marks its 28th consecutive quarter of annual growth above 30%. Martin de los Santos, the CFO of South America's largest company, discusses quarterly earnings and the e-commerce giant's continued efforts to scale its fintech platform, Mercado Pago. Martin speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. See omnystudio.com/listener for privacy information.

The Jel Sert Company is a family-owned business that has been at the forefront of innovation in the food and beverage industry since 1926. Jel Sert's products include dessert mixes, drink mixes, and freezer bars, and are made exclusively in West Chicago, Illinois.Ken Wegner is President of The Jel Sert Company. The grandson of Jel Sert founders Charles and Lillian Wegner, Ken grew up in the business and has worked at the company since 1985, helping steward beloved brands while expanding Jel Sert’s community impact, and growing its workforce to more than 1,400 employees. He discusses the firm's recent expansion within West Chicago, as well as how real-time searches and social data from platforms like TikTok are guiding new flavor development and brand partnerships for Jel Sert. Ken speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Activist investor Boaz Weinstein is stepping up his warnings on private credit, saying the turmoil surrounding Blue Owl Capital’s funds is exposing deeper cracks in the $1.8 trillion industry.“All you need is the snowball to start going down the hill and it started. Blue Owl is right in the middle of that,” the Saba Capital Management founder said Tuesday at the iConnections Global Alts conference in Miami Beach, Florida. “I think we are in the super-early innings of the wheels coming off the car.” The comment was the latest salvo by Weinstein against the private credit industry, which is reeling from worries about overspending on artificial intelligence and lending standards after Blue Owl restricted withdrawals from one of its funds.Saba Capital, alongside Cox Capital Partners, has announced cash tenders for stakes in three funds managed by Blue Owl Capital at steep discounts to their stated value, after the alternative investment firm restricted redemptions in one vehicle and began selling loans to raise cash for investors.The offer price is expected to be 20%-35% below net asset value and aims to give a liquidity solution to retail investors wanting to exit positions that have been harder to redeem as withdrawals surged across the sector.During the panel, Weinstein warned about market dislocations, where some credit assets are currently trading at historic highs while related equity and fund structures are at massive discounts. He added that he is looking to launch a fund to capitalize on an expected wave of opportunities, particularly around the Blue Owl situation and similar semi-liquid products facing redemption pressures.Saba and Cox sent notices to buy Blue Owl Capital Corporation II shares on Feb. 17. They plan to make similar offers for Blue Owl Technology Income Corp. and Blue Owl Credit Income Corp., which are also business development companies. Blue Owl’s shares have plunged around 50% in the past year, even as the firm’s revenue continued to climb in that period.Others have sounded warnings as well in recent days. JPMorgan Chase and Co. Chief Executive Officer Jamie Dimon on Monday drew parallels between the present day and the era leading up to the 2008 global financial crises, when the scramble to make loans ended disastrously.Today's show features: Bloomberg News Finance Reporter Katherine Doherty on JPMorgan CEO Jamie Dimon saying he's starting to see parallels to the era before the 2008 financial crisis Lauren Goodwin, Economist and Chief Market Strategist at New York Life Investments on the US economy and geopolitical risks in markets Bloomberg Tech Co-Host Ed Ludlow on Meta’s multi-billion dollar investment in AMD equipment and stock, as well as the latest news from Anthropic Elise Giuliano, Senior Lecturer in Political Science at Columbia University, on the four-year mark since the official start of the War in Ukraine See omnystudio.com/listener for privacy information.

Tom Freston is a cofounder of MTV and the former CEO of Viacom, where he oversaw Paramount Pictures. After launching a successful clothing export company out of Afghanistan and India, Freston transitioned into the media landscape, helping found MTV and bringing it to international fame in more than 150 countries. Before his Viacom roles, he ran MTV Networks for seventeen years, overseeing Nickelodeon, VH1, Comedy Central, and other legendary networks.In addition to currently serving as the Principal of consulting and investment firm Firefly3, Freston also recently released his memoir, “Unplugged Adventures from MTV to Timbuktu,” which details some of his more unique experiences as he rose through the ranks of the entertainment industry. Tom discusses his unparalleled career as well as some of the pressing issues in the media business today, including the ongoing battle between Netflix and Paramount Skydance over control of Warner Bros. Discovery. Tom speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.A European Union assessment found that President Donald Trump’s new tariff policy will increase levies on some of the bloc’s exports, including cheese and some agricultural products, above the level permitted in their trade agreement.After the US Supreme Court struck down Trump’s use of an emergency-powers law to impose his so-called reciprocal tariffs around the world, he announced a new 10% global levy, which he then threatened to increase to 15%.The European Commission, which handles trade matters for the bloc, told lawmakers Monday that the new global tariff will be added to levies that are already in place, according to Bernd Lange, chair of the European Parliament’s trade committee. The new cumulative rate means some goods would be above the 15% ceiling the EU and US agreed to in their trade deal.Under Trump’s new tariff program, some products including butter, plastics, textiles and chemicals would have levies above that 15% ceiling, according to people familiar with the commission’s assessment. The new global tariffs can stay in place for as many as 150 days.Commission spokesman Olof Gill declined to comment on the assessment.The EU-US trade deal — struck last summer between Trump and European Commission President Ursula von der Leyen — would impose a 15% tariff rate on most EU exports to the US while removing tariffs on many American goods heading into the bloc. The US would also continue to impose a 50% tariff on European steel and aluminum imports.The bloc agreed to the lopsided deal in the hopes of avoiding a full-blown trade war with Washington and retaining US security backing, particularly with regards to Ukraine. European Parliament suspended legislative work on approving the EU-US accord on Monday, requesting clarity on Trump’s new trade policy.Today's show features: Kathryn Judge, Harvey J. Goldschmid Professor of Law at Columbia Law School, on the next steps in the legal process following Friday’s Supreme Court ruling on President Donald Trump’s tariffs Greg Daco, Chief Economist at EY, on the latest global trade rumblings from the 2026 National Association of Business Economics (NABE) Policy conference Bloomberg News Health Reporter Madison Muller on Novo Nordisk’s next-generation obesity shot delivering less weight loss than Eli Lilly’s rival drug Ryan Vlastelica, discussing the week ahead for tech stock traders ahead of Nvidia’s earnings Bloomberg News Weather Reporter Lauren Rosenthal on the latest blizzard to hit New York City and the Northeastern US See omnystudio.com/listener for privacy information.

Gen Alpha, the cohort born from 2010 to 2024, has been subject to harsh critiques, including being addicted to phones, lacking self-discipline and social skills, and being unable to read or spell. Despite these criticisms, Gen Alphas have strengths such as teamwork, empathy, honesty, and creativity, and are highly tuned into world events and global issues due to their access to global platforms and networks. Bloomberg Businessweek Contributing Writer Stacey Vanek Smith discusses how Gen Alphas are already showing significant spending power and influence over adult purchasing decisions, with many having a strong sense of self-expression and a desire for luxury products, and are expected to play a major role in shaping the future of work and technology. See omnystudio.com/listener for privacy information.

Featuring some of our favorite conversations of the week from our daily radio show “Bloomberg Businessweek Daily.” Hosted by Carol Massar and Tim Stenovec Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio. You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News. Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. The US Supreme Court struck down President Donald Trump’s sweeping global tariffs, undercutting his signature economic policy and delivering his biggest legal defeat since he returned to the White House.Voting 6-3, the court said Trump exceeded his authority by invoking a federal emergency-powers law to impose his “reciprocal” tariffs across the globe as well as targeted import taxes the administration says address fentanyl trafficking. The justices didn’t address the extent to which importers are entitled to refunds, leaving it to a lower court to sort out those issues. If fully allowed, refunds could total as much as $170 billion — more than half the total revenue Trump’s tariffs have brought in. Trump said at a press conference that he will reimpose some tariffs using alternative legal tools. The fall-back options tend to be either more cumbersome or more limited than the wide-ranging powers Trump asserted under the International Emergency Economic Powers Act. Stocks rose on news of the decision given investors previously fretted tariffs would hurt the outlook for economic growth and company earnings. Treasuries extended declines with yields rising broadly and the rate on the benchmark 10-year note climbing to 4.10% as investors priced in the likelihood of lower tax revenues. A Bloomberg gauge of the dollar fell as much as 0.2% before erasing the drop. Today's show features: Bloomberg News Supreme Court Reporter Greg Stohr on Supreme Court decision to block Trump’s tariffs Bloomberg White House Correspondent Kate Sullivan on latest from White House on tariff/Supreme Court news Olu Sonola, Head of US Economic Research at Fitch Ratings on today's Eco data Alan Eyre, Distinguished Diplomatic Fellow at Middle East Institute, on how Iran is viewing a potential strike by the US See omnystudio.com/listener for privacy information.

For a few brief, shining moments, the dream of Milton Friedman must have seemed closer to reality in corporate America than ever before. Donald Trump had been reelected president, and the tax cuts and regulatory loosening he’d promised were on the horizon. Whatever leverage ordinary workers had managed to scrape together in the years following the Covid-19 pandemic had mostly been quashed, and surely the incoming administration would take care of what remained. Gone, too, were the days when executives would have to evince corporate disapproval of racism or sexism or homophobia if they didn’t feel like it, as many of them had been goaded into doing during #MeToo or the Black Lives Matter movement. They could get out of talking about politics—which is not quite the same as getting out of politics, period—and get back to maximizing shareholder value however they pleased.. Bloomberg Businessweek Senior Reporter Amanda Mull discusses how corporations have largely avoided criticizing Trump, with some leaders only speaking out after extreme circumstances, such as the killing of a Minnesota man by CBP agents, and even then their statements have been muted and avoided direct condemnation. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. At least one structured note tied to Blue Owl Capital Inc. is being quoted at just 47 cents on the dollar after the asset manager restricted withdrawals from one of its retail-focused private funds.The security, which was issued by a subsidiary of Citigroup Inc., is due later this year. Another 2028 note that was offered by a unit of JPMorgan Chase & Co. is quoted at about 68 cents, while a Bank of Nova Scotia instrument partly tied to Blue Owl was at 87 cents, according to data compiled by Bloomberg. Structured notes are bonds with embedded derivatives, giving holders exposure to a number of assets, from stock prices to currencies and interest rates. There’s generally no secondary market for those bonds, with prices only coming from the banks that arranged them. Blue Owl’s stock fell as much as 9.4% in New York on Thursday. The notes were already quoted below face value prior to the announcement about the withdrawal restrictions.The depressed prices underscore the pressure on Blue Owl, whose stock has already fallen by about a quarter this year. The plan to limit withdrawals signaled a reversal from a previous arrangement to resume redemptions this quarter. Today's show features: Olivia Fishlow, Bloomberg News Leveraged Finance Reporter, on Blue Owl Drops as Redemption Halt Stirs Private Credit Concern Dylan Field, Figma CEO, on earnings and collaboration with Anthropic Kate Gulliver, Chief Financial Officer of Wayfair, on quarterly earnings and the health of the American consumer Matthew O’Neill and Perri Peltz, co-producers & co-directors of ‘Can’t Look Away: The Case Against Social Media, on Mark Zuckerberg’s Day in Social Media Addiction Trial See omnystudio.com/listener for privacy information.

Jeff Vaughn, a former CBS anchor, says a 2022 billboard convinced him that being White and male was becoming a liability, and he sued CBS in 2024 after being fired in 2023. The US Equal Employment Opportunity Commission is urging White men to come forward with complaints about their treatment by employers looking to diversify their workforces, with EEOC Chair Andrea Lucas saying that anti-discrimination laws apply equally to everyone.Jeff Green, Bloomberg News Managing Diversity Reporter, writes how white men who sue their employers over perceived discrimination may face career damage, with experts saying that bringing a lawsuit can make it difficult to find a new job, as potential employers can discover the lawsuit with a basic Google search. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Federal Reserve officials signaled renewed worries over inflation with “several” policymakers suggesting the central bank may need to raise interest rates if inflation stays above their goal.“Several participants indicated that they would have supported a two-sided description of the committee’s future interest-rate decisions, reflecting the possibility that upward adjustments to the target range for the federal funds rate could be appropriate if inflation remains at above-target levels,” a record of the central bank’s January meeting showed.Minutes of the Federal Open Market Committee’s Jan. 27-28 meeting released Wednesday also revealed that a “vast majority of participants judged that downside risks to employment had moderated in recent months while the risk of more persistent inflation remained.”The FOMC voted 10-2 at the meeting to hold the benchmark federal funds rate in a range of 3.5%-3.75%. Governors Christopher Waller and Stephen Miran dissented in favor of a quarter-point reduction. Officials dropped language pointing to increased downside risks to employment that had appeared in the three previous statements.The minutes further signaled that one group of policymakers was embracing a view less open to additional rate cuts, at least in the near term.Today's show features: Michael McKee, Bloomberg TV and Radio International Economics & Policy Correspondent, on the latest FOMC minutes Mike Wilson, Chief US Equity Strategist and Chief Investment Officer for Morgan Stanley, and Bloomberg News Equities Reporter Alexandra Semenova Kamini Lane, President and CEO of Coldwell Banker Realty, on latest US Housing data Bloomberg News Senior Technology Reporter Kurt Wagner on the Social Media Addiction trial See omnystudio.com/listener for privacy information.

Marvina S. Robinson is the Founder & CEO of B. Stuyvesant Champagne. Founded in 2020, B. Stuyvesant Champagne is a luxury, woman-owned Champagne house produced and bottled in Épernay, France. The brand develops its cuvées in partnership within the Champagne region, focusing on small-production wines crafted according to traditional méthode champenoise standards. Beyond the bottle, the company operates a Brooklyn tasting room and curates elevated Champagne experiences designed to make luxury Champagne more accessible while honoring the heritage of the region. B. Stuyvesant Champagne continues to grow through experiential activations, disciplined brand expansion and a focus on long-term value creation within the global luxury beverage market. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Warner Bros Discovery Inc. has agreed to reopen negotiations with rival Hollywood studio Paramount Skydance Corp. after the suitor proposed raising its bid and sweetened other terms of its offer, setting the stage for a renewed showdown with Netflix. Netflix, which Warner Bros. still described as its preferred bidder, has granted the board seven days to discuss Paramount’s most recent proposal, according to a statement Tuesday. The decision came after a Paramount banker told a Warner Bros. board member that Paramount would offer at least $31 a share, or $1 a share higher than its previous offer, if the company agreed to reopen talks. Warner Bros. now wants to see that, and other aspects of Paramount’s new bid, in writing. Warner Bros. said the board still unanimously recommends shareholders vote in favor of its binding agreement to sell its namesake studios and HBO Max streaming business to Netflix for $27.75 a share, or $72 billion. Paramount’s all-cash $77.9 billion bid, which is backed by billionaire Larry Ellison, is for the entirety of Warner Bros., including its cable TV channels such as CNN and TNT that are otherwise planned to be spun off under a deal with Netflix. Warner Bros. has scheduled a shareholder vote on the Netflix deal for March 20. The decision to reengage with Paramount, which confirms Bloomberg’s reporting Sunday, adds another twist in the long drawn-out saga over control of one of Hollywood’s most iconic properties. The fight for Warner Bros., the century-old studio behind films from Casablanca to Batman, and hit TV series like Friends, is one of the biggest media deals in years and has the power to reshape the entertainment industry.Today's show features: Bloomberg News Managing Editor for Media & Entertainment Lucas Shaw and Bloomberg News Senior M&A Reporter Michelle Davis on Warner Bros. Reopens Talks as Paramount Signals Higher Bid Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman on Apple Ramps Up Work on Glasses, Pendant and Camera AirPods (CLEAN UP LINE DROP) Bloomberg News Finance Reporter Max Abelson on The Leon Black Files: Epstein Was Fixer for His Deepest Secrets Drive to the Close with Bill Smead, Founder, Chairman and CIO of Smead Capital Management, on the energy market and his stock pick See omnystudio.com/listener for privacy information.

Brad Finkel founded Hoboken Farms in 1992. His family has had deep roots in Hoboken dating back to around 1895. As a youngster, whenever Brad visited friends, he was always asked to bring fresh bread, mozzarella, and pastas from Hoboken's local shops. Soon, neighbors and ex-Hobokenites who missed these local delicacies began requesting deliveries as well. Brad saw an opportunity and started a small business to meet this demand.Hoboken Farms, once a part-time endeavor, became Brad's full-time obsession. As his community grew to encompass around 800 markets annually, so did his commitment to providing nourishment and inspiration through food and family. Brad details his growing line of farm market products and how a critical new investment is helping Hoboken Farms continue its evolution into a beloved supermarket brand. Brad speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. See omnystudio.com/listener for privacy information.

Secretary of State Marco Rubio said Europe’s fate is intertwined with the US while faulting the continent for what he said was a drift away from their shared Western values. The double-edged message offered some reassurance to allied leaders gathered at the Munich Security Conference but did little to temper their push for more independence from Washington. “We want Europe to prosper because we’re interconnected in so many different ways, and because our alliance is so critical,” Rubio told Bloomberg News Editor-in-Chief John Micklethwait on the sidelines of the conference on Saturday. “But it has to be an alliance of allies that are capable and willing to fight for who they are and what’s important.”“What is it that binds us together? Ultimately, it’s the fact that we are both heirs to the same civilization, and it’s a great civilization,” he said. “It’s one we should be proud of.”Rubio’s comments elaborated on a speech he delivered to the event, Europe’s premier annual security gathering, earlier Saturday morning. The speech was the most anticipated of the three-day conference, with fellow leaders eager to hear if he would double down on the contemptuous tone voiced a year earlier by Vice President JD Vance at the same venue. See omnystudio.com/listener for privacy information.

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."Hosted by Carol Massar and Tim StenovecHear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Wall Street got a degree of relief as relatively tame inflation data spurred bigger bets on Federal Reserve rate cuts, with bond yields falling. While most stocks gained, weakness in tech giants kept a lid on the market.Treasury two-year yields dropped toward their lowest since 2022. Money markets priced in higher chances the Fed will slash rates more than twice this year. About 370 shares in the S&P 500 rose, but the gauge was little changed at the end of its worst week since November. A gauge of megacaps lost 1.1%. Amazon.com Inc. saw its longest slide in almost 20 years. The Russell 2000 index of small firms climbed 1.2%. Bitcoin jumped.The consumer price index rose 0.2% in January, the smallest gain since July and restrained by lower energy costs. While services costs picked up last month, prices of core goods remained stable. The core CPI rose from a year ago by the least since 2021. The overall gauge also eased on an annual basis.Today's show features: Dr. Adam Posen, President of the Peterson Institute for International Economics, on the global economic outlook and the path for US monetary policy Christina Stembel, Founder & CEO of Farmgirl Flowers, on the importance of Valentine’s Day to her company’s annual sales Bloomberg News Banking Reporter Todd Gillespie on Kathy Ruemmler leaving her position as the top lawyer at Goldman Sachs following a monthslong saga over her previous association with Jeffrey Epstein Bloomberg Tech Co-Host Ed Ludlow on SpaceX considering a dual-class share structure in its planned IPO Bloomberg News Executive Editor for Crypto, Payments and Digital Finance stacy-marie ishmael on Coinbase’s post-earnings surge and the broader crypto trade See omnystudio.com/listener for privacy information.

Brooks Running creates performance running footwear, apparel, sports bras, and accessories distributed worldwide. Since 1914, Brooks has been focused on designing products that cater specifically to how humans move, pushing the limits of motion science, engineering, and technology. Brooks is a subsidiary of Berkshire Hathaway Inc. and is headquartered in Seattle. Dan Sheridan began his journey with Brooks in 1998 as a field rep, building and driving the company’s strategy and growth in every role as he increased his responsibilities and leadership impact. He discusses the firm's full-year results from 2025, which turned out to be a record year. Dan speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Coinbase Global Inc. showed how quickly a cooling crypto market can pressure even one of the industry’s most diversified exchanges. Revenue in the fourth quarter tumbled a more-than-estimated 20% to $1.8 billion. The company swung to a net loss of $667 million compared with a $1.3 billion profit from the same period last year, as falling token prices drained trading activity across digital assets and forced Coinbase to mark down the value of its crypto holdings. The results arrive as Bitcoin has fallen nearly 50% from October’s high, a retreat that has left many retail traders sitting on the sidelines and revived comparisons to earlier crypto downturns. Those cycles have often forced exchanges to retrench quickly, and early signs suggest this one may follow a similar pattern. Rival exchange Gemini Space Station said last week that it plans to cut up to 25% of its workforce and scale back international operations, underscoring how rapidly weaker markets can translate into operational pressure. Kraken’s chief financial officer departed the exchange, which reported sequentially lower fourth-quarter revenue. Robinhood Markets Inc. said this week its revenue from crypto trading declined 38%.Today's show features: Bloomberg New Equities Reporter Monique Mulima breaks down quarterly earnings from Coinbase Bloomberg News Senior Editor, Equities Americas Eric Weiner and Senior Editor Ed Harrison on continued Wall Street jitters due to concern over technology profits and the impact of AI on various sectors Bloomberg Economics US and Canada Economist Stuart Paul on a new report from his team breaking down the potential economic costs of various geopolitical ruptures Steve Moore, Co-Founder of Unleash Prosperity and a former Trump Economic Advisor, on the US economic and monetary policy outlook See omnystudio.com/listener for privacy information.

Sage Geosystems is a Houston-based geothermal energy startup founded in 2020 that develops next-generation, pressure-based geothermal technology for power generation and long-duration energy storage. Their systems create artificial underground reservoirs in hot, dry rock to harness both heat and pressure for efficient electricity production. Cindy Taff, the CEO of Sage Geosystems, is focused on advancing the deployment of her firm's energy-storage solutions worldwide. She discusses the complexities of using the same tools to unlock clean energy as are used to drill for oil, and explains why she sees the so-called "shale revolution" as a harbinger of a forthcoming "geothermal revolution." Cindy speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. See omnystudio.com/listener for privacy information.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.US payrolls rose in January by the most in more than a year and the unemployment rate unexpectedly fell, suggesting the labor market continued to stabilize at the start of 2026.Employers added 130,000 jobs last month and the unemployment rate declined to 4.3%, according to Bureau of Labor Statistics data out Wednesday. That followed revisions to the prior year, which showed a marked slowdown in hiring. Job gains averaged just 15,000 a month last year, down from the initially reported 49,000 pace.The report suggests the labor market is finding its footing after a year marked by rising unemployment and minimal hiring. While economists expect hiring to remain generally sluggish in 2026, more clarity around the impact of President Donald Trump’s economic policies and lower borrowing costs could encourage some employers to boost headcount.The January data reinforces Federal Reserve officials’ inclination to keep interest rates on hold for now. Many traders appeared to push out their timeline for the next rate cut to July from June.In leaving rates unchanged last month, Chair Jerome Powell cited signs of steadying in the job market.“Coming off of a hiring recession in 2025, this is welcome news,” said Heather Long, chief economist at Navy Federal Credit Union. “I think Fed Chair Powell was right — the labor market appears to be stabilizing.”Today's show features: Constance Hunter, Chief Economist at the EIU (Economist Intelligence Unit), on the late-arriving January nonfarm payrolls report Aaron Jagdfeld, Chairman, President and CEO of Generac, on earnings, the state of manufacturing in America, and US trade policy impact Bloomberg News White House Editor Jordan Fabian on President Donald Trump reportedly mulling an exit from the North American trade pact that he helped negotiate, the USMCA Lauren Sanfilippo, Senior Investment Strategist, for Merrill and Bank of America Private Bank, on US consumer resilience and private sector growth See omnystudio.com/listener for privacy information.

United States Antimony Corporation, a leading producer and processor of antimony, zeolite, and other critical minerals, on Tuesday announced a new joint venture together with Americas Gold and Silver Corporation to construct a new state-of-the-art hydromet processing facility. The project will commence on lands being contributed to the joint venture located immediately adjacent to Americas active silver, copper, and antimony mines. US Antimony is the only fully integrated antimony company in the world outside of China and Russia, while Americas Gold and Silver is known for producing silver, copper, and other metals from high-grade operations in the US and Mexico. The announcement comes a week after the US and its allies said they’re considering price floors as a way to shore up a domestic supply of key metals outside of China. Gary Evans, Chairman and CEO of US Antimony, and Paul Andre Huet, Chairman & CEO of Americas Gold & Silver Corporation, detail the project and its impact on national security with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. An artificial intelligence tool aimed at creating tax strategies sparked a selloff in wealth-management stocks Tuesday as investors fear the business could be at risk from automated advice. The innovation puts the wealth-management industry in the crosshairs of AI competition, the way it did for software stocks and private credit firms last week and insurance brokerage shares on Monday. Investors responded precisely the way they did before — by unloading the stocks. Raymond James Financial Inc. dropped 8.8% for its worst day since March 2020, while Charles Schwab Corp. sank 7.4%% and LPL Financial Holdings Inc. lost 8.3%, their worst sessions since April. The move appeared to catch Wall Street off guard, as Charles Schwab is the only stock with a sell rating, and it has just one among the 24 analysts tracking the company. The new tool, unveiled by closely held tech startup Altruist Corp. on Tuesday, helps financial advisers personalize strategies for clients and create pay stubs, account statements and other documents, the company said in a statement. Altruist’s founder and Chief Executive Officer Jason Wenk started his career at Morgan Stanley and Chief Operating Officer Mazi Bahadori worked at Pimco Investment Management, so the firm’s leadership has experience with how Wall Street and the investment community operate.  Today's show features: Bloomberg Intelligence Financials Analyst Neil Sipes breaks down quarterly earnings from Robinhood Markets and the hit to wealth-management stocks on AI fears Kathy Jones, Chief Fixed Income Strategist, Schwab Center for Financial Research, on the treasury trade and US monetary policy outlook Cheryl McKissack Daniel, Chair of the Board at McKissack & McKissack, on her family-run construction business, which dates back more than 120 years, and her appointment as the next Chair of the New York Building Congress Bloomberg Opinion Editor Mark Gongloff on key policy changes at the Environmental Protection Agency and new financing for a project aimed at installing small nuclear reactors underground See omnystudio.com/listener for privacy information.

Coursera, a leading global online learning platform, last week announced financial results for its fourth quarter and full year ended December 31, 2025. The company's shareholder letter noted significant progress in "AI-native product innovation and data-driven decision making across the business." For full year 2025, Coursera reported revenue growth to $757 million, an increase of 9% year over year, and a record $78 million of Free Cash Flow, up 32% over the prior year. Greg Hart, the company's CEO, discusses the key drivers behind the rise in Coursera's core subscription and course offerings, as well as the status of his firm's pending tie-up with Udemy, which was announced in December. Greg speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Another rally in tech companies after an artificial intelligence-driven rout drove stocks higher ahead of economic data that will help shape the Federal Reserve outlook. Gold topped $5,000. The dollar fell. Following a surge that added $1 trillion to the S&P 500’s value at the end of last week, the index kept rising to approach its all-time highs. The technology firms that were at the center of a bruising slide continued to bounce. A gauge of chipmakers climbed 1.4% while an ETF focused on software names extended a back-to-back advance to almost 7%. Oracle Corp. jumped 9.6%. In order to finance its AI ambitions, Alphabet Inc. is set to raise $20 billion from a US dollar bond offering — more than the $15 billion expected — and is also pitching investors on what would be its first ever offerings in Switzerland and the UK. The latter would include a rare sale of 100-year bonds. Traders are also gearing up for a busy week of economic data that include the two most-consequential snapshots — employment and inflation. The jobs report - due Wednesday - is expected to show payrolls rose 69,000 in January. The unemployment rate is seen steady at 4.4%. The data will also include historical revisions that are anticipated to show a sizable downward adjustment to payrolls in the year through March 2025. Today's show features: Stuart Kaiser, Head of US Equity Trading Strategy at Citi, on the tug-of-war between market momentum and seasonal trends Bloomberg News Health Reporter Madison Muller on Novo Nordisk suing Hims and Hers Health for making knock-offs of its obesity medicines Joyce Huang, Senior Client Portfolio Manager with American Century Investments, on the fixed income market and the key drivers for near-term equity market returns Denise Paulonis, President and Chief Executive Officer of Sally Beauty Holdings, on quarterly earnings and the health of the consumer See omnystudio.com/listener for privacy information.

Since ChatGPT arrived on the scene some three years ago, analysts have been warning that entire industries, including software programming, legal services and film production, are at risk of being disrupted by artificial intelligence. But it took a wave of disappointing earnings reports, some improvements in AI models, and the release of a seemingly innocuous add-on from AI startup Anthropic to suddenly wake up investors en masse to the threat. The result has been the biggest stock selloff driven by the fear of AI displacement that markets have seen. And no stocks are hurting more than those of software-as-a-service (SaaS) companies. Sukhinder Singh Cassidy, the CEO of cloud-based accounting software provider Xero, explains why she believes the firm's small business tools will be enhanced by AI, not overtaken, as the firm builds its large language model (LLM) "on the back of" AI models. Sukhinder speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. See omnystudio.com/listener for privacy information.

Featuring some of our favorite conversations of the week from our daily radio show “Bloomberg Businessweek Daily.” Hosted by Carol Massar and Tim Stenovec Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio. You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News. Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Trump administration officials are exploring opening an antitrust investigation into US homebuilders as the White House sharpens its focus on tackling the country’s housing affordability crisis. The Department of Justice could open the probe in the coming weeks, according to people familiar with the discussions. No decision has been made and the administration may abandon the effort without launching an investigation, the people said, asking not to be identified discussing non-public information. One potential focus is on how information is shared through an industry trade group called Leading Builders of America, according to the people. Officials have grown concerned that the trade group — whose members include Lennar Corp. and DR Horton Inc. — could be used to restrict housing supply or coordinate pricing, the people said. A White House representative referred a request for comment to the Department of Justice, which declined to comment. Representatives for the homebuilders and the trade group didn’t immediately respond to requests for comment. The administration’s interest in homebuilders comes during a period where the cost of buying a home is at its most expensive in decades, with the Covid-era housing boom and subsequent interest rate hikes weighing heavily on buyers. It’s also a precarious time for the builders themselves, with the inventory of unsold homes hovering at high levels. President Donald Trump put the industry on alert in October, when he used a social media post to compare big homebuilders to The Organization of the Petroleum Exporting Countries, which wields immense control over the oil market. Today's show features: Bloomberg News Real Estate Reporter Patrick Clark discussing on Trump administration officials mulling an antitrust probe into US homebuilders to tackle the country's housing affordability crisis Gregory Daco, Chief Economist at EY, on expectations for the upcoming January jobs report and the broader US economic outlook Mark Mahaney, Senior Managing Director and Head of Internet Research at Evercore ISI, on mega-cap tech firms’ AI spending splurge and recapping earnings from Alphabet, and Amazon Bloomberg News Executive Editor for Crypto, Payments and Digital Finance stacy-marie ishmael on this week’s large swings in Bitcoin and cryptocurrency prices See omnystudio.com/listener for privacy information.

ConnectOne Bancorp delivered an 8% increase in adjusted pre-provision net revenue in its most recent quarter, reflecting margin expansion and operating efficiency. Bloomberg Intelligence notes that management tempered loan-growth expectations for 2026 to 3-5% from 5% vs. estimates of 5.5%, and expects net interest margin to exit 2026 at 3.35-3.4% vs. consensus' 3.45%. Frank Sorrentino, Founder and CEO of ConnectOne Bank discusses the state of regional and local banks as Santander snaps up Webster for $12 billion in a push for US expansion. Sorrentino says smaller banks benefit from consolidation as clients move from firm to firm and bank product options change. He also discusses the state of the consumer and the housing market as the Trump administration mulls different housing-related proposals centered around affordability. Frank speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bitcoin tumbled below $63,000 as the unwinding of leveraged bets and broader market turbulence deepened a selloff that has wiped out all of the gains since President Donald Trump’s election set off a speculative rush into cryptocurrencies.  The token fell as much as 14% Thursday to $62,267, the lowest since October 2024. The rout has erased half of Bitcoin’s value since it reached a record four months ago and has spread to other tokens, related ETFs and companies like Strategy Inc. that hold vast sums of coins. The downturn has marked an abrupt retreat from Bitcoin’s meteoric rise through much of last year, when the return of the crypto-friendly Republican to the White House sent investors piling into such tokens and the Wall Street vehicles that have sprouted up around them. The market started cracking this month as rising geopolitical tensions sent tremors across global financial markets and curbed risk taking. That sparked Bitcoin’s precipitous decline from mid-January and set off a self-reinforcing cycle of selling as funds liquidated assets to meet redemptions and unwind leveraged bets. The slide has echoes of the one in 2022, when prices retreated sharply from the surge seen during the easy-money era of the pandemic as the Federal Reserve tightened monetary policy. It has already taken a toll on intermediaries like the exchanges Coinbase Global Inc., whose shares have tumbled more than 30% this year, and Gemini Space Station Inc., which said it plans to cut up to 25% of its workforce and wind down operations in the UK, European Union and Australia. Today's show features: Paul Krugman, Nobel Prize Winning Economist and Research Professor at the City University of New York’s Graduate Center, on his latest Substack column about the dive in the price of Bitcoin and broader market for cryptocurrencies Jurrien Timmer, Director of Global Macro at Fidelity Investments, on the investing landscape and on whether the recent market downturn is a sign of what’s to come. Bloomberg Opinion Senior Executive Editor Tim O’Brien on his column examining the potential national security risks of the United Arab Emirates seeking deeper access to advanced American semiconductors James Cakmak, Co-Founder and Chief Investment Officer at Clockwise Capital, on quarterly earnings from Amazon See omnystudio.com/listener for privacy information.

Amazon said it plans to spend billions more than expected on data centers, chips and other equipment, fueling investor concerns that the company’s massive bet on artificial intelligence will take longer to pay off than anticipated.The company reported $39.5 billion on property and equipment expenses in the fourth quarter, topping estimates by almost $5 billion, and said its capital expenditures would reach $200 billion this year. Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with: Bloomberg Intelligence Senior Analyst for E-Commerce and Athleisure Poonam Goyal and James Cakmak, Co-Founder and Chief Investment Officer at Clockwise Capita See omnystudio.com/listener for privacy information.

Jenny Rooke, Ph.D., is the founder and Managing Director of Genoa Ventures. She leverages her unique toolkit of genetics domain expertise, strategic business acumen, and venture investing to launch and empower the next generation of category-defying companies at the convergence of technology and biology. Dr. Rooke has nearly two decades of investing experience, beginning at Fidelity Biosciences in 2006 as a Kauffman Fellow. Coming off the annual JPMorgan Healthcare Conference in January, Dr. Rooke says she's encouraged by new scientific tools in development as well as the broader tailwinds for the biotech sector. She discusses her takeaways from the conference and the importance of emerging specialties in so-called “precision medicine” with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Alphabet Inc. shares slipped after the company reported fourth-quarter revenue that beat expectations but said it plans to spend far more than investors expected in 2026. The Google parent said it will spend $175 billion to $185 billion this year, compared with the $119.5 billion analysts expected. The company’s fourth-quarter sales, excluding partner payouts, were $97.23 billion, surpassing the $95.2 billion expected on average by analysts, according to data compiled by Bloomberg. Chief Executive Officer Sundar Pichai said the investments are paying off. “We’re seeing our AI investments and infrastructure drive revenue and growth across the board,” he said Wednesday in the statement. “Search saw more usage than ever before, with AI continuing to drive an expansionary moment.” Google Cloud revenue was $17.7 billion, beating the $16.2 billion analysts expected. Google has raced to reinvent its business for the AI age, working to keep consumers in the habit of going to its search page even when they could also go to chatbots from rivals like OpenAI. The company has quickly improved its Gemini model and integrated it throughout its products — an effort that has required massive investment in data centers and chips for model improvement and cloud customers. The industry has leaned on Google’s progress. Google is supplying up to one million of its specialized AI chips to Anthropic, cementing Google’s position as a key infrastructure provider in the AI space. Gemini will also be a provider of AI for Siri on Apple Inc.’s iPhones. The Gemini app has 750 million monthly active users.Today's show features: Bloomberg Intelligence Senior Global Head of Technology Research Mandeep Singh and reacts to quarterly earnings from Alphabet Dan Ives, Global Head of Technology Research at Wedbush Securities, on Alphabet earnings and why he sees the world's biggest software companies weathering the storm brought on by artificial intelligence Bloomberg Economics Chief Geoeconomics Analyst Jennifer Welch on Wednesday’s call between President Donald Trump and China’s Xi Jinping, and strained talks between the US and Iran Axel Merk, President and Chief Investment Officer of Merk Investments, on the precious metals trade and the potential market impact of a Kevin Warsh-led Federal Reserve See omnystudio.com/listener for privacy information.

Driivz, a company owned by publicly-traded Vontier, is a global software supplier to electric-vehicle charging operators and service providers. It aims to accelerate the plug-in EV industry’s ongoing transformation using a cloud-based platform that spans EV charging operations, energy management, advanced billing capabilities and driver self-service tools. Shiri Levi-Laor was appointed on January 14 as the new Chief Executive Officer of Driivz. She joined the firm at the start of 2025, previously serving as Chief Operating Officer. She discusses her company's technology offerings and the EV market outlook amid recent sales slumps at Tesla and China's BYD. Shiri speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. A tech selloff dragged down stocks from near-record levels amid a rotation into more economically sensitive industries. A flare-up in geopolitical risks lifted oil while gold bounced after a historic rout. Bitcoin hit the lowest since President Donald Trump’s election victory. The plunge in software makers weighed on trading as Anthropic’s automation tool heightened concerns their core businesses are at risk. The S&P 500 fell 0.8% and the Nasdaq 100 slid 1.6%. In late hours, Advanced Micro Devices Inc. gave a disappointing forecast. Energy firms joined crude higher as the US Navy shot down an Iranian drone headed toward an aircraft carrier in the Arabian Sea. Despite losses in major benchmarks, most shares in the S&P 500 actually rose. FedEx Corp. - an economic barometer - extended a record-breaking rally. Walmart Inc. topped $1 trillion. Bets on AI companies have dominated the US equity market for three years, but a growing number of investors are now wagering that run, led by the “Magnificent Seven” megacaps, is giving way to broader market participation. In fact, a violent rotation has taken place in 2026, with value shares far outpacing growth.Today's show features: Bloomberg News Senior Editor, Equities Americas Eric Weiner on the Tuesday trade and Wall Street’s rising jitters centered around AI’s impact on software companies Neil Dutta, Partner and Head of Economics at Renaissance Macro Research, on the US monetary policy outlook and President Donald Trump choosing Kevin Warsh as his nominee to lead the Federal Reserve Bloomberg News Real Estate Reporter Patrick Clark on homebuilders’ plan for a massive program to develop "Trump Homes" to address the US affordability crisis Jaime Magyera, Managing Director, Head of US Wealth Advisory and Head of Retirement at BlackRock, on key investing and retirement planning trends See omnystudio.com/listener for privacy information.

Brazilian fintech company PicPay launched in 2012 as a digital wallet and now operates as a full-service digital bank with nearly 66 million customers. Controlled by the Batista family, owners of JBS, PicPay has posted strong revenue and profit growth, becoming one of the first major Brazilian companies to tap US equity markets since Nu Holdings’ blockbuster IPO in 2021. The offering was led by Citigroup, Bank of America, and Royal Bank of Canada.  Eduardo Chedid is the CEO of PicPay. He has more than 20 years of experience in the electronic payment sector and has helped build PicPay into Brazil's third-largest digital bank. Eduardo discusses to firm's US market debut, and prospects for continued growth in the fintech sector with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Elon Musk plans to merge SpaceX with xAI, according to people familiar with the matter, in a deal that encompasses the billionaire’s increasingly costly ambitions to dominate artificial intelligence and space exploration.The deal was announced in a memo on Monday, the people said, asking not to be identified as the information isn’t public. The combined company is expected to price the shares at about $527 each, and would have a valuation of $1.25 trillion, some of the people said.Representatives for SpaceX and xAI didn’t immediately respond to requests for comment.Bloomberg News earlier reported on the discussions. SpaceX is planning an initial public offering that could raise as much as $50 billion, Bloomberg News has reported. It also discussed a possible merger with Tesla.The deal brings together two of the largest closely held companies in the world. XAI raised funds at a $230 billion valuation in January, while SpaceX was set to go ahead with a share sale in December at about a valuation of about $800 billion, Bloomberg reported, and is exploring a possible IPO.It also further entangles Musk’s various business ventures. The billionaire acquired social media platform Twitter in late 2022, renamed it X, then merged the site with his artificial intelligence startup xAI in a $33 billion deal. XAI, which also operates chatbot Grok, is an expensive operation, burning around $1 billion a month in service of its stated ambition to gain “a deeper understanding of our universe.” A merger with SpaceX pools capital, talent, access to compute — and blurs corporate boundaries.The tie-up may crystallize Musk’s vision to put data centers in space to do complex computing for AI. SpaceX is requesting permission to launch as many as a million satellites into the Earth’s orbit for the plan, according to a filing Friday.Today's show features: Gil Luria, Managing Director and Head of Technology Research at DA Davidson, breaks down quarterly earnings from Palantir and and Elon Musk's plans to merge SpaceX with xAI Bloomberg Tech Co-host Ed Ludlow on how Elon Musk aims to dominate both artificial intelligence and space exploration Jayati Bharadwaj, Director of FX Strategy at TD Securities, on the recent weakening in the US dollar Paisley Nardini, Head of Multi-Asset Solutions at Simplify Asset Management, on why she sees the rotation trade into value stocks taking hold   See omnystudio.com/listener for privacy information.

Aon's initial 2026 margin guidance is slightly better than analyst estimates, on the heels of a solid fourth quarter. Bloomberg Intelligence notes that organic growth was in line with Wall Street as upside in reinsurance offset a miss in health. The 2025 result of 6% is close to the previous three years but better than peer Marsh. The consolidated adjusted operating margin beat consensus and expanded from a year earlier making the 2025 result also better than estimates.Edmund Reese, Executive Vice President and Chief Financial Officer of Aon, discusses the key risks facing the firm in 2026 and how it is positioning itself to better serve clients and stakeholders amid global uncertainty. Edmund speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. See omnystudio.com/listener for privacy information.

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily." Hosted by Carol Massar and Tim StenovecHear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Kevin Warsh waited almost a decade before finally clinching President Donald Trump’s nomination to be chair of the Federal Reserve. He won’t need to wait as long before his first big test in the job. Having won the race with a promise of “regime change” at the Fed, suggesting he would make significant changes, Warsh has pledged to shrink the Fed’s balance sheet and argued that a productivity boom driven by artificial intelligence will keep inflation low. While that prognosis was enough to convince Trump, his Fed pick will now need to convince fellow policymakers and investors. After cutting rates three times late last year the Fed hit pause in January amid persistent inflation, signs of a stabilizing labor market and expectations for stronger growth in 2026. Traders aren’t pricing another rate cut until June, at the earliest. The tension in Trump’s demand for cheaper borrowing costs may ultimately be resolved by a weakening labor market or lower inflation. Such a backdrop would greenlight Warsh to push for more rate cuts, and possibly win support from other policymakers.Today's show features: Bloomberg TV and Radio International Economics & Policy Correspondent Michael McKee on President Donald Trump’s intent to nominate Kevin Warsh to be the next chair of the Federal Reserve Katy Kaminski, Chief Research Strategist and Portfolio Manager at AlphaSimplex Group, on the bond market and expectations for the Federal Reserve’s next leader Jan van Eck, Chief Executive Officer of VanEck Funds, on the stock and commodities market outlook and investing through ETFs Ellen Wald, President of Transversal Consulting and Senior Fellow at the Atlantic Council, on earnings from Exxon and Chevron, and the energy market amid unrest related to events in Iran and Venezuela See omnystudio.com/listener for privacy information.

The Trump administration has pushed a sweeping policy agenda intended to hinder immigration. This has included a move in September to increase the fees on H-1B visa applications to $100,000 apiece, a staggering tenfold hike, along with other changes that have made the program less desirable to employers. Foreign-born residents are facing increasing hostility from Washington, regardless of their legal status. For many, the long-term viability of a career in Silicon Valley seems less certain than ever. India is trying to attract skilled professionals to return home with policies like Bharat-Talent and Bharat-Return, and some foreign-born tech workers are already pivoting to the world's most populous country, where the tech industry is maturing and offering new opportunities. Saritha Rai details these developments in a Bloomberg Businessweek magazine, and speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Apple Inc.’s revenue in the holiday quarter trounced Wall Street estimates, driven by strong demand for the new iPhone 17, growth in services and a rebound in China. Revenue jumped 16% to $143.8 billion in the period that ended Dec. 27, setting a record, the company said in a statement Thursday. Analysts had estimated $138.4 billion on average, according to data compiled by Bloomberg. Apple’s own projections were for an increase 10% to 12%. “IPhone had its best-ever quarter driven by unprecedented demand, with all-time records across every geographic segment,” Chief Executive Officer Tim Cook said in the statement. The results reflect the success of Apple’s latest iPhone, a product line that accounts for roughly half its revenue. Higher-end versions of the device have been especially popular, helping further fuel sales and profit for the company. Apple’s renewed growth should help ease concerns about its artificial intelligence push, which is getting an overhaul this year after recent stumbles. The performance also suggests that the company is coping with tariffs, which Apple previously said would create a $1.4 billion headwind in the quarter. Today's show features: Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman on Apple’s last financial numbers Bloomberg Tech Co-Host Ed Ludlow dissects Apple’s earnings report Tom Narayan, Lead Equity Analyst, Global Autos at RBC Capital Markets, on Tesla earnings and the broader car market Lauren Goodwin, Economist and Chief Market Strategist at New York Life Investments on geopolitical risks in markets and the weakening US dollar See omnystudio.com/listener for privacy information.

SpaceX has lined up four banks to lead its initial public offering, according to people familiar with the matter, as Elon Musk’s rocket and satellite firm moves forward with plans for the biggest-ever listing. The company sees Bank of America Corp., Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley in senior roles, the people said, asking not to be identified as the information isn’t public.Kelly Rodriques is the CEO of Forge Global, a leading provider of marketplace infrastructure, data services, technology and investment solutions for the private market. The firm was recently acquired by Schwab in a deal expected to close this year. Kelly breaks down Forge’s latest data highlighting 2025 private market performance and expectations for the IPO market in 2026, including a protentional mega-offering for SpaceX. He speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. See omnystudio.com/listener for privacy information.

Stamatis Tsantanis is the Chairman and Chief Executive Officer of Seanergy Maritime Holdings Corp. He joined the Company in 2012 and led its rise to a world-renowned pure-play Capesize company listed in the US, with cargo carrying capacity exceeding 3.4 million deadweight tons. Stamatis is also the Founder, Chairman and Chief Executive Officer of United Maritime Corporation, an independent diversified public shipping company that was initially established as a subsidiary of Seanergy. The two companies have a combined fleet of 25 ships sailing around the world, with each measuring roughly the size of two football fields and hauling a variety of dry bulk commodities to various destinations. Stamatis discusses the health of the global shipping industry and how exogenous events such as wars and other geopolitical tensions affect his business. He speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. See omnystudio.com/listener for privacy information.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Wall Street traders sent stocks to all-time highs on speculation that solid corporate earnings will keep powering market gains. The dollar slid to an almost four-year low. Gold held above $5,000. Not even a slump in consumer confidence prevented a fifth day of gains for the S&P 500, which approached 7,000. United Parcel Service Inc. gave a bullish outlook. The Nasdaq 100 rose 0.9% before results from megacaps. UnitedHealth Group Inc. led losses in insurers on a disappointing forecast and as the US proposed holding payments to private Medicare plans flat next year. The dollar slid to its lowest since February 2022 as signs of US support to boost the yen reinforced the argument about potential coordinated intervention to guide the greenback lower against key trading partners. On the eve of the Federal Reserve decision, Treasury yields edged up. The central bank is projected to halt its rate-cutting cycle as a steadier jobs market restores a degree of consensus among officials after months of growing division.The expected decision to hold rates is likely to amplify the outrage of President Donald Trump, who wants them slashed.Today's show features: Bloomberg News FX and Rates Reporter Carter Johnson on the US dollar weakening to its lowest level in four years Sheila Kahyaoglu, Managing Director in Equity Research at Jefferies, on Boeing’s quarterly results and the outlook for aviation and aerospace industries Bloomberg News Senior Reporter Jennifer Dlouhy on the White House shifting gears in its sweeping immigration crackdown in Minneapolis Karen Veraa-Perry, Head of US iShares Fixed Income Strategy at BlackRock, on investing in the fixed income market through ETFs, and US monetary policy expectations See omnystudio.com/listener for privacy information.

Fastenal Company (Nasdaq: FAST) announced last month that Daniel Florness had communicated to the company's Board of Directors his decision to step down from his role as Chief Executive Officer of Fastenal on July 16, 2026. On December 19, 2025, Fastenal's Board appointed Jeffery M. Watts, Fastenal's current President and Chief Sales Officer, to succeed Mr. Florness as Fastenal's CEO effective as of July 16, 2026. Florness joined Fastenal in 1996 and became CEO back in 2016. He expects to continue to serve as a Strategic Advisor to the firm's incoming CEO until early 2028. Dan joins to discuss the health of the company as he enters his final months at the helm, and how emerging technology has increasingly impacted the manufacturing landscape. Dan speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. See omnystudio.com/listener for privacy information.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. President Donald Trump indicated he’ll make changes to his administration’s deportation crackdown in Minnesota after the killing of two US citizens during immigration raids sparked nationwide uproar. The president said he was sending US border czar Tom Homan — who is seen as relatively measured compared to rivals, including Homeland Security Secretary Kristi Noem — to Minneapolis in a bid to deescalate tensions. Trump also spoke with Minnesota Governor Tim Walz, telling the Democrat who he has derided as “grossly incompetent” that he would consider independent investigations into the shootings and reducing the number of federal agents in his state. Later, the White House suggested it could remove US Customs and Border Protection personnel from Minnesota if state and local law enforcement adopted additional “cooperative measures” to assist in the apprehension of undocumented migrants. Taken together, the comments indicated that Trump might recognize that his maximum pressure deportation campaign has eroded public faith in immigration officials as well as his own political standing. That poses a risk for Republicans heading into November’s midterm elections.The federal government is at risk of a partial government shutdown at the end of the week after Senate Democrats said they could not back a funding bill without new curbs on immigration enforcement. Today's show features: Wendy Schiller, Professor of Political Science at Brown University, on President Donald Trump sending US border czar Tom Homan to Minneapolis amid a growing outcry over his immigration crackdown Stephanie Guild, Chief Investment Officer at Robinhood Markets, on markets, retail investing trends., interest rates and Federal Reserve policy Rebecca Homkes, Faculty at the London Business School and at Duke Corporate Executive Education, on how executives are responding to US tariff policy and economic uncertainty Stephanie Aliaga, Global Market Strategist at JPMorgan Asset Management, provides a corporate earnings progress report and commentary on US monetary policy See omnystudio.com/listener for privacy information.