Big Take

Amid the news that Elon Musk wants to merge Tesla and SpaceX, he is spending roughly $369 million on midterms races. That money could have an impact on some of the closest races in the country, like the Texas Senate race. On today’s Big Take podcast, host David Gura is joined by Dana Hull, who covers Tesla and Elon Musk, and campaign finance reporter Bill Allison to discuss the value proposition of such massive spending for Musk and his empire. Read more: Musk Pours $158 Million Into GOP Super PAC for Texas Senate Race Elon Musk PAC Ramps Up Midterms Spending to Help Republicans SpaceX, Tesla Boards Study Possible $3.5 Trillion Merger We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Host: David Gura; Guests: Dana Hull, Bill Allison; Produced by Julia Press, David Fox, Julia Weaver; Edited by Naomi Shavin; Engineering by Sean Carter. See omnystudio.com/listener for privacy information.

Japanese Prime Minister Sanae Takaichi wants to put Japan back in the fast lane, with huge investments in everything from AI to space technology. But can she generate the growth to justify the spending without unsettling markets and voters? On today’s Big Take Asia podcast, host K. Oanh Ha talks to Bloomberg’s Paul Jackson about Takaichi’s first-year scorecard and the economic and political pressures that could determine whether her agenda succeeds. Read more: Japan Is Still Figuring Out How a Female Prime Minister Should Lead Further listening: Japan Hikes Rates, Reshaping Carry Trade We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Host: K. Oanh Ha; Guest: Paul Jackson; Produced by Naomi Ng; Edited by Crispina Robert and Julia Weaver; Engineering by Greg Tock. See omnystudio.com/listener for privacy information.

CoreWeave’s eye-popping debt and quest for new capital has some investors on edge. On today’s Big Take podcast, Bloomberg credit reporter Katherine Schwartz and AI infrastructure reporter Dina Bass join host Sarah Holder to make sense of the selloff, what it means for neoclouds and the future of the AI build-out. Read more: CoreWeave’s Business Is Sound Despite Debt Fears, JPMorgan Says We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Host: Sarah Holder; Guests: Katherine Schwartz, Dina Bass; Produced by Julia Weaver and David Fox; Edited by Paddy Hirsch; Engineering by Sean Carter. See omnystudio.com/listener for privacy information.

In Disclosure, investigative reporter Jason Leopold and attorney Matt Topic take listeners inside a years long effort to head off document destruction at the White House during President Trump’s first term. Drawing from government documents (and The Big Lebowski), they reveal how the US National Archives and Records Administration tried to alert the feds to potentially illegal record disposal. And they learn why FBI and Justice Department personnel clashed before searching Trump's Florida home, Mar-a-Lago. Voice acting by Mandy Hull. Subscribe to Jason's FOIA Files newsletter at https://www.bloomberg.com/account/newsletters/foia-files. See omnystudio.com/listener for privacy information.

Are “natural” diamonds still worth it if you can get a near-identical alternative for a fraction of the cost? With a boost from celebrities like Sarah Jessica Parker, lab-grown competitors could be coming for the crown. On today’s Big Take podcast, guest host Stacey Vanek Smith talks to industry insiders and De Beers Group CEO Al Cook about what $12 half-carat earrings could mean for the luxury business’ future and how the old guard is pushing back. Read more: The Diamond Industry’s Old Guard Wants You to Buy ‘Natural’ We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer Host: Stacey Vanek Smith; Guests: Al Cook, Edahn Golan, Adelle Archer; Produced by Julia Press; Edited by Aaron Edwards; Engineering by Sean Carter. See omnystudio.com/listener for privacy information.

US economic growth is up but consumer sentiment is down. Another rate hike, expected this year, could help lower inflation, but do little to ease the frustrations of much of the middle class, for whom the American dream sits just out of reach. On today’s Big Take podcast, editors Matthew Boesler and Cristina Lindblad join Sarah Holder to unpack what the data says is happening in the US economy and why consumer sentiment tells another story. Read more: The Trump Stock Market Is Lousy for Most US Consumer Prices Rise by Most Since April in Broad Advance We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Host: Sarah Holder; Guests: Matthew Boesler and Cristina Lindblad; Produced by David Fox; Edited by Paddy Hirsch and Naomi Shavin; Engineering by Emma Munger. See omnystudio.com/listener for privacy information.

Energy prices are up — and President Trump is out of time to bring them down before the US midterm elections. On today’s Big Take podcast, David Gura breaks down the factors keeping prices high and how much it could cost the Republican party with White House reporter Josh Wingrove and Will Kubzansky, who covers gasoline, diesel and jet fuel. We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Host: David Gura; Guests: Josh Wingrove and Will Kubzansky; Produced by Julia Press, David Fox, Julia Weaver; Edited by Naomi Shavin; Engineering by Sean Carter. See omnystudio.com/listener for privacy information.

When millions of retail investors piled into India’s options market to get rich quick, losses mounted and regulators launched a sweeping crackdown. On today’s Big Take Asia podcast, guest host Rebecca Choong Wilkins and India equities reporter Savio Shetty break down how the world’s largest options market unraveled, why regulators are struggling to police the country’s latest craze and where traders are placing their bets now. Read more: How India Built (and Broke) the World’s Biggest Options Casino Further listening: Inside Jane Street: The Enigmatic Firm That Rules Wall Street Watch, from Originals: How India's Day Retail Traders Lost Billions Host: Rebecca Choong Wilkins; Guest: Savio Shetty; Produced by Naomi Ng and Yang Yang; Edited by Crispina Robert and Julia Weaver. Engineering by Sean Carter II. See omnystudio.com/listener for privacy information.

The AI infrastructure boom is funded by a complex web of investments, as tech companies pour money into one another and foreign investors funnel still more cash into the industry. That flow of foreign money is also creating global imbalances — and flashbacks to the run-up to the 2008 financial crisis. On today’s Big Take podcast, Bloomberg’s Shawn Donnan and Bloomberg Economics’ Tom Orlik join David Gura on the AI industry’s global money machine: how it works and what risks it could pose to the global economy if the AI trade doesn’t deliver fast enough. Read more: AI’s Giant Money Loop Is Drawing Foreign Cash Like 2008 National Bureau of Economic Research: Financing the AI Buildout View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns on the Bloomberg Billionaires Index. We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Host: David Gura; Guests: Shawn Donnan and Tom Orlik; Produced by David…

As US journalist Azadeh Moaveni was writing her latest book, ‘The East Wing’, a history of America's first ladies and their staff, President Donald Trump’s demolition of that very part of the White House was underway. Moaveni presents her book as a “parallel women’s history,” tracing how the wives of US presidents, including Melania Trump, who traditionally had offices in the now-vanished annex, helped shape alliances at home and abroad. See omnystudio.com/listener for privacy information.

Jane Street just eclipsed Goldman Sachs and JPMorgan as the biggest trading house on Wall Street. It pulled in nearly $40 billion in trading revenue in 2025. And it’s so enigmatic that to the outside world, it’s unclear who’s even in charge. On today’s Big Take podcast, David Gura talks to finance reporters Max Abelson and Katherine Doherty on their reporting on who’s calling the shots at the firm and why it matters to global markets. Read more: Who’s Who at Jane Street We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Host: David Gura; Guests: Max Abelson and Katherine Doherty; Produced by David Fox; Edited by Jeffrey Grocott; Engineering by Sean Carter. See omnystudio.com/listener for privacy information.

Ultra-wealthy individuals in the UK have been fleeing the country, after sweeping Labour Party tax reforms led to a crackdown on overseas wealth. For the first time, new data from the Bloomberg Billionaires Index reveals just how much money is at stake with the exodus. On today’s Big Take podcast, host Sarah Holder talks to Bloomberg’s Benjamin Stupples about the UK’s $160 billion problem and the impact it could have on Britain’s economy. Read more: London Takes a Hit as Super Rich Worth $160 Billion Exit UK “Taxation and Migration by the Super-Rich” (2025 CESifo Working Paper) Bloomberg Billionaires Index We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Host: Sarah Holder; Guest: Benjamin Stupples; Produced by Julia Press, Julia Weaver; Edited by Paddy Hirsch, Aaron Edwards; Engineering by Emma Munger. See omnystudio.com/listener for privacy information.

President Trump is campaigning in Texas on Wednesday, rallying voters in a state that’s long been a Republican stronghold. His efforts in traditionally red states around the country show how surprisingly close many of these midterm races have become — and the outcome will determine if Trump’s party can hold onto the Senate and advance his agenda for the next two years. On today’s Big Take podcast, Texas bureau chief Julie Fine and Washington correspondent Josh Wingrove join host Sarah Holder to break down the ultra-expensive, surprisingly competitive Texas Senate race and what it would mean for Trump’s presidency if he loses the Lone Star state. Further Listening: Can $700 Million Buy Republicans the US Senate? Europe’s Debt Problem Is Back We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Host: Sarah Holder; Guests: Julie Fine, Josh Wingrove; Produced by David Fox, Julia Press; Edited by Naomi Shavin; Engineering by Sean Carter. See omnystudio.com/listener…

Beyond software and chips, the AI boom relies on good old-fashioned manufacturing of essential components – a skill that has made a new class of people very, very rich. On today’s Big Take Asia podcast, host Oanh Ha talks with Bloomberg reporter Cindy Wang and Opinion columnist Catherine Thorbecke about how nimble producers—think toilet manufacturers and furniture makers—pivoted to this booming industry, and the risks of concentrating too much AI manufacturing in one part of the world. Read more: ‘Like It’s Raining Gold’: The AI Boom’s Unexpected Billionaires Bloomberg Billionaires Index: 500 of the World’s Richest People We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by K. Oanh Ha; Guests: Cindy Wang, Catherine Thorbecke; Produced by Naomi Ng and Yang Yang; Edited by Crispina Robert and Paddy Hirsch Engineering by Greg Tock. See omnystudio.com/listener for privacy information.

Bond yields are climbing from the US to Japan — pushing up borrowing costs and putting fresh stress on governments, markets and consumers. In France, that strain could deepen into a broader crisis for the euro zone. On today’s episode, Bloomberg Opinion columnist John Authers and Navy Federal Credit Union Chief Economist Heather Long join Sarah Holder to discuss what’s driving the rise in yields, how long they could stay elevated and what lessons the Greek debt crisis might hold for France. Read more: Could Bond Yields Break the Stock Market? Soaring Yields Find Europe’s Weak Spot View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns on the Bloomberg Billionaires Index. We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Host: Sarah Holder; Guests: John Authers, Heather Long; Produced by Julia Press, David Fox; Edited by Tracey Samuelson, Jeffrey Grocott; Engineering by Emma Munger. See…

Amid growing concern over AI risks, top tech executives were summoned to the White House this past week and agreed to US President Donald Trump’s preferred alternative to federal regulation. The accord, which carries no legal weight, commits Anthropic, OpenAI, Nvidia, Meta, SpacexAI and Google to “robust internal processes” and independent audits, and comes soon after safety worries delayed the release of the latest ChatGPT model. At Google, James Manyika’s role as senior vice president of technology and society — and as co-director of the newly established DeepMind Institute — is to help ensure that AI turns out well. In this conversation with Mishal Husain, the two discuss what regulation could look like without the support of the US and where Google stands in the debate. Read Mishal’s notes on this conversation https://www.bloomberg.com/mishal See omnystudio.com/listener for privacy information.

Romantasy books have created a near-billion-dollar industry in the US alone. This week, fans are racing to grab a copy of Rebecca Yarros’ Threshing Day, and bracing for the sixth installment of one of the genre’s biggest hits, A Court of Thorns and Roses by Sarah J. Maas, coming later this month. On today’s Big Take podcast, Bloomberg’s Hannah Miller and Madison Muller take host David Gura into the booming world of publishing’s runaway obsession. And The Knave and the Moon author Rachel Gillig talks about going from preschool teacher to global literary celebrity. Read more: The Steamy, Magical and Now Very Lucrative Romantasy Business We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Host: David Gura; Guests: Hannah Miller, Madison Muller; Produced by Julia Press and David Fox; Edited by Aaron Edwards; Engineering by Sean Carter; Illustration by Anna Podedworna. See omnystudio.com/listener for privacy information.

The Premier League has found its top-ranked club, the star-studded and highly decorated Manchester City, guilty of artificially boosting financial results by more than £900 million over nine years. The franchise used “sham” contracts to build an unprecedented competitive advantage. The team has until Oct. 2 to respond to the charges. On today’s Big Take podcast, David Gura and UK-based Business of Sports Editor Giles Turner unpack the cheating allegations against Man City and how the scandal could reshape the entire league. Read more: Man City Broke Rules With ‘Sham’ Contracts, League Finds Popular on Bloomberg: Who’s Who at Jane Street We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Host: David Gura; Guest: Giles Turner; Produced by Julia Press and David Fox; Edited by Naomi Shavin; Engineering by Emma Munger. See omnystudio.com/listener for privacy information.

The 2026 midterms are on track to become the most expensive elections in US history, with Republican Senate candidates raking in hundreds of millions from PACs and Democrats riding a growing wave of individual donations. So who has the edge? On today’s Big Take podcast, Bill Faries, who oversees Bloomberg’s midterm coverage, and campaign finance reporter Bill Allison join Sarah Holder to break down how each party is raising and spending cash and what it means for control of the Senate — and for the coming presidential race. Read more: Shifting Senate Map Is Fueling Most Expensive Election Ever Further Listening: Why Everyone Is Talking About High Diesel Prices We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Host: Sarah Holder; Guests: Bill Allison and Bill Faries; Produced by David Fox and Julia Press; Edited by Jeffrey Grocott; Engineering by Sean Carter. See omnystudio.com/listener for privacy information.

China is ramping up an ongoing effort to shore up local government budgets and fund AI data centers with tax revenue from its richest citizens. Billionaires across the country are seeing bills hit their doorstep, and one major deadline to pay up is just weeks away. On today’s Big Take podcast, host David Gura talks to Bloomberg’s Lulu Chen about why Beijing is enforcing and rewriting its tax rules, and the measures some wealthy citizens are taking to pay up or fight back. View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns on the Bloomberg Billionaires Index. Read more: China’s Tax Grab Squeezes Rich Elite Harder Than Ever Further listening: China Tightens Its Grip on Billions in Offshore Wealth Hosted by David Gura; Guest: Lulu Chen; Produced by Naomi Ng; Edited by Aaron Edwards, Engineering by Greg Tock See omnystudio.com/listener for privacy information.

At over 5%, the 10-year Treasury yield is the highest since 2007. Those soaring yields are raising lots of questions about whether investors should be trimming stocks and buying bonds. But timing such a move can be complicated. On today’s Big Take podcast, Bloomberg’s David Papadopoulos and Michael Regan join host Sarah Holder to discuss whether we’re on the brink of a great portfolio reallocation, two very different reasons why bond yields are rising and why one prominent AI skeptic is embracing the trade he once shunned. Further reading: AI Skeptic Rajiv Jain Embraces the Tech Trade He Once Shunned Further listening: Why Everyone is Talking About High Diesel Prices We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Host: Sarah Holder; Guests: David Papadopoulos and Michael Regan; Produced by Julia Press and David Fox; Edited by Tracey Samuelson; Engineering by Sean Carter. See omnystudio.com/listener for privacy information.

In 2014, the economists Owen Zidar and Eric Zwick were asked by the US Treasury to conduct a study on the tax burden of private business owners. One of their central findings is that there are about three million private business owners who have an average wealth of around $25 million. The research they conducted led to their new book, The Everywhere Millionaire: Who Is Really Rich in America and How They Got There. On this week's Weekend Listen, Odd Lots co-hosts Joe Weisenthal and Tracy Alloway talk to Zidar and Zwick about how they measured the actual number of rich people in America, why income inequality started to rise in tandem with the growing number of pass-through businesses, and how it's possible that the collective revenue of the nation's dentists far exceeds that of the NFL. Read more: Tech’s New Rich Are Suffering From ‘Sudden Wealth Syndrome’ Jobless Tech Workers Are Being Left Out of San Francisco’s AI Boom See omnystudio.com/listener for privacy information.

People who fabricate artificial stone are getting sick with a deadly chronic illness—on that, there’s no debate. But whether it’s the individual shops or the material’s manufacturers who should be held responsible is the subject of a highly political dispute playing out across the US. On today’s Big Take podcast, Bloomberg labor reporter Josh Eidelson breaks down the consequences of this dispute for the industry and the people who work in it. Read more: ‘Death Sentences’: Crafting America’s Favorite Countertops Is Killing Workers We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Host: Sarah Holder; Guest: Josh Eidelson; Produced by Julia Press; Edited by Naomi Shavin; Engineering by Alex Sugiura. See omnystudio.com/listener for privacy information.

At this week’s UN General Assembly meeting in New York, an AI executive delivered dire warnings via video. President Trump threatened to annihilate Iran. China’s Xi Jinping skipped the meeting altogether. Eight decades after its founding as a guarantor of world peace, does the UN still matter? On today’s Big Take podcast, what UN week and the Xi-Trump summit mean for global security and the future of multilateralism. Host David Gura speaks with Bloomberg’s managing editor for international security and economics, Nick Wadhams, and Bloomberg TV’s chief political correspondent Annmarie Hordern. We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by David Gura; Produced by David Fox and Naomi Ng; Guests: Annmarie Hordern and Nick Wadhams; Edited by Jeffrey Grocott; Engineering by Emma Munger. See omnystudio.com/listener for privacy information.

Diesel prices are hitting new highs, and voters aren’t happy. With the midterms approaching, the Trump administration is trying to find ways to curb fuel costs, including a potential US diesel export ban. On today’s Big Take podcast: The political fallout of sky-high diesel prices. Bloomberg national economics reporter Mark Niquette and host Sarah Holder break down what’s driving up costs, why prices are hitting battleground states particularly hard and whether an export ban could backfire. Read more: Record Diesel Prices Hit at Worst Time in Key Battleground States We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by Sarah Holder; Produced by David Fox; Reported by Mark Niquette Edited by Tracey Samuelson; Engineering by Alex Sugiura See omnystudio.com/listener for privacy information.

As Chinese President Xi Jinping makes his first visit to Washington in over a decade, trade and the AI race will likely dominate talks with Donald Trump. On today’s Big Take Asia podcast, host K. Oanh Ha and Bloomberg’s John Liu unpack what each leader hopes to gain and why they may have no choice but to cooperate on AI safety. Read more: The Tough AI Questions Looming Over the Trump-Xi Summit We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by K. Oanh Ha; Produced by Yang Yang and Naomi Ng; Edited by Crispina Robert and Paddy Hirsch Engineering by Alex Sugiura See omnystudio.com/listener for privacy information.

The Iran War is likely to take center stage when President Trump meets with Gulf leaders on the sidelines of this week's UN General Assembly. Houthi attacks in Saudi Arabia and rising energy prices underscore the widening global toll of a war that has cost the US more than $43 billion, according to the Pentagon's latest estimate. On today's Big Take podcast, Bloomberg Global Defense Editor Gerry Doyle and Bloomberg Economics Defense Lead Becca Wasser join Sarah Holder to break down the conflict’s latest costs – the rising tab for the US's six-month-long blockade of the Strait of Hormuz, the drawdown of US munitions stockpiles and the deepening toll on military personnel – and how the war has changed the US's ability to defend itself in future conflicts. Read more: Iran Blockade Costs Are Draining America’s Global Military Power We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by Sarah Holder; Reported by Gerry Doyle and Becca Wasser; Produced by Julia…

American pharma giants are increasingly turning to Chinese labs to discover, test and develop cutting-edge drugs. On the Big Take Asia podcast, Bloomberg’s Amber Tong and Robert Langreth join Oanh Ha to break down why global drugmakers are sourcing their next big breakthroughs from China — and what that means for US biotech dominance. Read more: Big Pharma Is Hooked on Chinese Licensing Deals Hosted by K. Oanh Ha; Produced by Naomi Ng and David Fox; Guests: Amber Tong and Robert Langreth; Edited by Paddy Hirsch and Crispina Robert. Fact-checking by Brunella Tipismana Urbano; Engineering by Alex Suguira. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer. See omnystudio.com/listener for privacy information.

It’s been a big week for central banks around the world. Yet among the flurry of rate decisions, the Bank of Japan’s move stands out. After decades of near-zero interest rates, policymakers are betting Japan’s economy is finally returning to something closer to normal. On today’s Big Take Podcast, K. Oanh Ha and Bloomberg’s Paul Jackson explore why the Bank of Japan is hiking rates at its fastest pace in decades, what the shift means for the yen carry trade and how Japan’s policy moves could ripple across global markets. Read more: BOJ Hikes at Fastest Pace Since 1990 After Bessent’s Calls Hosted by K. Oanh Ha and David Gura; Guest: Paul Jackson; Produced by Naomi Ng, Julia Press and David Fox; Edited by Crispina Robert and Paddy Hirsch. Engineering by Sean Carter. See omnystudio.com/listener for privacy information.

The “working class” in America used to conjure a vivid image: factory workers, blue-collar jobs and a political coalition born out of the Industrial Revolution. But as Republicans and Democrats try to court voters ahead of midterms, a question keeps coming up: What is the working class today? On today’s Big Take podcast, host Sarah Holder talks to Bloomberg Opinion columnist Allison Schrager, labor activist Bertha “Mama Cookie” Bradley and Distinguished Professor of Law Joan C. Williams about the moving target of defining and catering policy to working Americans. Read more: Nobody Knows What ‘Working Class’ Even Means Anymore We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by Sarah Holder; Guests: Allison Schrager, Joan C. Williams, Bertha “Mama Cookie” Bradley; Produced by Rachael Lewis-Krisky and Brunella Tipismana Urbano; Edited by Aaron Edwards. Engineering by Emma Munger. See omnystudio.com/listener for privacy information.

The Federal Reserve raised interest rates by 25 basis points today and indicated another hike could come later this year. Chair Kevin Warsh had telegraphed the move, putting him on a collision course with President Donald Trump. Today on the Big Take, Bloomberg Opinion’s John Authers and Fed reporter Maria Eloisa Capurro join David Gura to discuss why a “no forward guidance” Fed chair showed his hand so early and what it means for the markets and the midterms. Read more: Fed Raises Rates as Warsh Bucks Trump to Contain Inflation We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by David Gura; Guests: John Authers, Maria Eloisa Capurro; Produced by Rachael Lewis-Krisky; Edited by Naomi Shavin; Mixed by Alex Sugiura See omnystudio.com/listener for privacy information.

AI executives across the industry, led by Anthropic CEO Dario Amodei, called for a coordinated slow down in AI development over the weekend. The move followed a viral post on X from a former Anthropic employee who resigned over safety concerns. On today’s Big Take podcast, Bloomberg tech editor Sarah Frier joins Sarah Holder to break down the motivations behind those responses — and how IPOs, inflation and the economy are all at play. Listen more: So Could AI ‘Kill Us All’? Read more: Anthropic's $2 Trillion IPO Is Still On. And So Is the AI Race We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Host: Sarah Holder; Guest: Sarah Frier Produced by David Fox; Edited by Tracey Samuelson. Mixed and mastered by Sean Carter. See omnystudio.com/listener for privacy information.

In the midst of a trade war with the US, Canadian Prime Minister Mark Carney is on a charm offensive. On today’s Big Take podcast, Bloomberg’s Derek Decloet and host David Gura break down how Canada is reassessing its trade and security relationships and cozying up to Europe. Read more: Canada’s Carney on Capital Investment, AI, US Trade We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by David Gura; Produced by David Fox; Reported by Derek Decloet; Edited by Paddy Hirsch. Fact-checking by Brunella Tipismana Urbano; Engineering by Alex Sugiura. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer. See omnystudio.com/listener for privacy information.

LIV Golf split the professional circuit early this decade with its flashy tournaments and payouts that outstripped what golfers were earning on PGA tours. Now, after five years — and more than $5 billion in investments from the Saudi Public Investment Fund — LIV filed for Chapter 11 bankruptcy protection. On today’s Big Take podcast, Golf.com’s Sean Zak joins host David Gura to explore why LIV wasn’t able to convert lavish spending and an attention-grabbing feud with the PGA into big audience numbers. Zak explores the prospect for a player-owned LIV 2.0 and looks at whether the upstart tour was ultimately good for professional golf. Read more: LIV’s Great Saudi-Backed Assault on Golf Ends With Whimper LIV Golf Files Bankruptcy With Post-Saudi Future Uncertain LIV Golf Shows Money Can Buy Stars — But Not Fans We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by David Gura; Produced by Julia Press; Guest: Sean Zak; Edited by Jeffrey Grocott.…

Tens of thousands of workers in India are wearing head-mounted cameras to record their every move, helping train humanoid robots to perform everyday human tasks. On today’s Big Take Asia podcast, Bloomberg’s Saritha Rai joins host Rebecca Choong Wilkins for an inside look at how vast troves of data are gathered by the very people who may eventually be replaced and what it all means for the US-China race for AI dominance. Read more: Workers Are Teaching AI-Powered Robots to Take Over Their Jobs We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by Rebecca Choong Wilkins; Produced by Yang Yang; Reported by Saritha Rai; Edited by Crispina Robert, Patrick Hirsch. Fact-checking by Brunella Tipismana Urbano; Engineering by Alex Sugiura. Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer. See omnystudio.com/listener for privacy information.

"The people building AI earnestly believe that it could kill us all by the end of the decade." An X post by a former employee of both OpenAI and Anthropic went viral and is prompting big questions. On today’s Big Take podcast, host Sarah Holder and Bloomberg’s Mike Shepard talk through what an AI safety reckoning could look like — and whether an industry in the midst of intense competition can slow down. Read more: Anthropic Worker Quits Over AI Firms ‘Gambling With Our Lives’ Moonshot Secretly Routed User Requests Through Claude, Anthropic Says We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky; Guest: Mike Shepard; Edited by Naomi Shavin and Aaron Edwards. Fact-checking by Brunella Tipismana Urbano; Engineering by Sean Carter. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer. See omnystudio.com/listener for privacy information.

Oil prices topped $100 per barrel on Wednesday, keeping gas prices and the Iran war at the center of the US midterms conversation. Can President Trump burnish his affordability credentials with what he’s calling “the biggest oil deal in world history”? On today’s Big Take podcast, Bloomberg Opinion Energy columnist Liam Denning and Andes Bureau Chief Patricia Laya join David Gura to discuss what we know so far about the administration’s plan to take a stake in Venezuelan oil producer North American Blue Energy Partners — and what obstacles the deal could face. We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. See omnystudio.com/listener for privacy information.

The bond market has been grabbing headlines and roiling global markets, particularly in the US and in Japan, where yields are surging and buyer interest remains low. That matters, because as Bloomberg Opinion’s John Authers says, the yield on the 10-year treasury note is the most important number in world finance. On today’s Big Take podcast, John Authers joins Stacey Vanek Smith to explain what surging bond yields mean for interest rates and why we could be seeing a correction, not a crisis. Read more: It’s Still Endless Summer for Bond Yields Volatility Limits Post-Labor Day US Bond Rush to Six-Year Low We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by Stacey Vanek Smith; Produced by Rachael Lewis-Krisky; Guest: John Authers; Edited by Naomi Shavin. Fact-checking by Brunella Tipismana Urbano; Engineering by Sean Carter. Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer. See omnystudio.com/listener for privacy…

The wellness and longevity boom has come for a new kind of consumer: your pet. But with clinical trials still underway and questions lingering about the safety and efficacy of off-label drugs and treatments, how are owners navigating the growing industry? On today’s Big Take podcast, Bloomberg’s Annika Inampudi and host Sarah Holder dig into the latest frontier in the predicted $165 billion market for pet spending in the US. Plus, we meet a Manhattan dog owner who’s trying just about everything to keep his furry friends healthy. Read more: Can Your Dog Live Forever? Pet Owners Are Trying Everything Further listening: The Underground Peptide Market Is Getting Ready to Go Mainstream We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by Sarah Holder; Produced by Julia Press and Victor Swezey; Reported by Annika Inampudi and Anna Edney; Edited by Aaron Edwards and Tracey Samuelson. Fact-checking by Rachael Lewis-Krisky and Brunella Tipismana Urbano;…

Energy consumers are used to a pretty simple transaction with utility companies: get electricity to power your home, pay up every month. Now, more consumers are stockpiling their own energy using solar panels and batteries. And some are even making money by selling that energy back to the grid. On today’s Big Take podcast, host Sarah Holder talks to Zero host Akshat Rathi about a new class of at-home energy trader that’s vibe coding its way to daily energy savings and big profits. Read more: Almost Anyone Can Make Money Selling Electricity With AI and Batteries We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by Sarah Holder; Produced by Julia Press; Reported by Akshat Rathi and Olivia Rudgard; Edited by Aaron Edwards. Fact-checking by Rachael Lewis-Krisky, Victor Swezey and Brunella Tipismana Urbano; Engineering by Emma Munger. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer. See…

Hundreds of hydropower workers remain missing in Nepal after a glacial collapse caused catastrophic flooding. The disaster laid bare the rising climate risks across Asia and the danger of building in an increasingly volatile environment. On today’s Big Take Asia podcast, guest host Rebecca Choong Wilkins sits down with Bloomberg’s Clara Ferreira Marques and Bloomberg Opinion’s David Fickling to talk about the human and economic toll of the disaster, why the catastrophe is a warning for the rest of the world and how Nepal’s big bet on clean energy may now be at risk. We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by Rebecca Choong Wilkins; Produced by Yang Yang; Reported by Clara Ferreira Marques, David Fickling; Edited by Paddy Hirsch, Crispina Robert and Tracey Samuelson. Fact-checking by Naomi Ng; Engineering by Alex Sugiura Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver; Executive Producer: Nicole Beemsterboer. See…

Russia escalated attacks on the Ukrainian capital of Kyiv this past weekend. It’s the latest signal that Ukraine could face a brutal, decisive winter in this conflict. Meanwhile, the CIA director paid Moscow a visit last week, and “hybrid” attacks in Europe that have been linked to Russia are heightening concern among NATO countries that the conflict could widen as Russia takes the upper hand. On today’s Big Take podcast, host Sarah Holder and Bloomberg Opinion’s Marc Champion unpack the latest developments in the Russia-Ukraine war, the state of European and American involvement and why the next few months could be so crucial. Read more: Russia’s Escalating Hybrid Attacks Put Europeans in a Bind Ukraine Is In More Danger Than It Seems We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky; Guest: Marc Champion; Edited by Naomi Shavin. Fact-checking by Big Take team; Engineering by Sean Carter. Deputy…

Meta has agreed to pay a $17 billion settlement over a range of claims related to the safety and privacy of its platforms, including youth use of social media. The outcome, announced last week, could have implications for other companies, too. On today’s Big Take Podcast, Bloomberg investigative reporter Olivia Carville talks to host Sarah Holder about the landmark case, and how new information about the death of a teenage TikTok user in 2022 could shape the debate around child safety online. If you or someone you know is having thoughts of suicide or self-harm, a global list of helplines is available at blog.opencounseling.com/suicide-hotlines. Read more: TikTok Withheld a Safety Feature From Millions. One Died by Suicide We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky; Reported by Olivia Carville; Edited by Aaron Edwards and Julia Weaver. Fact-checking by Brunella Tipismana Urbano; Engineering by…

A 12-foot grim reaper becomes a neighborhood war cry, and the preacher-podcaster crosses the street. Today on The Big Take: Chapter 4 of Our Town, a limited-run series from Bloomberg and The Big Take, hosted by Meribah Knight with Bloomberg’s Susan Berfield. Our Town tells the story of a battle over identity fought on one small town’s soil, where acreage, heritage, and what it means to be an American are all up for grabs. New episodes of Our Town publish on Mondays, but you can listen early on Fridays right here in The Big Take feed. We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by Meribah Knight with Susan Berfield Produced by: Rebecca Laks and David Fox with Julia Weaver and help from Laura Newcombe Edited by: Rebecca Laks and Ken Armstrong Original Score and Mixing by: Alex Sugiura Fact-checking by: Annika Robbins and Rachael Lewis-Krisky Executive Producer: Nicole Beemsterboer See omnystudio.com/listener for privacy information.

With Fed Chairman Kevin Warsh set to deliver the biggest speech of his tenure on Friday, anticipation is spreading well beyond bankers and traders. Bond yields are rising, as global economies send up inflationary signals. US Treasury Secretary Scott Bessent’s efforts to tamp down rates by buying bonds may complicate the Fed’s approach. And the keynote speaker himself has suggested that he’s not comfortable sending messages about Fed intentions. So what can he say? On today’s Big Take podcast, Odd Lots co-host Joe Weisenthal joins Sarah Holder to tee up Warsh’s speech at the Kansas City Fed’s symposium in Jackson Hole, Wyoming, and the challenges facing Warsh and other global central bankers. We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by Sarah Holder; Produced by Julia Press; Guest: Joe Weisenthal; Edited by Jeffrey Grocott. Engineering by Emma Munger. Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer. See…

Microdramas — mini soap operas designed to be watched on your phone — have become one of the fastest-growing forms of entertainment in the world. On today’s Big Take Asia podcast, host K. Oanh Ha speaks with Bloomberg’s Yang Yang and Bloomberg Businessweek’s Christopher Beam about how millions got hooked on the medium, the challenges studios face as they try to reach new audiences and how AI could transform it all. Read more: China Has the World Hooked on Two-Minute Microdramas China Brought 90-Second Microdramas to the US. Now Hollywood Wants In We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by K. Oanh Ha; Produced by Naomi Ng and Victor Swezey; Reported by Yang Yang and Christopher Beam; Edited by Paddy Hirsch and Crispina Robert. Fact-checking by Victor Swezey; Engineering by Alex Sugiura and Sean Carter. Senior Producer: Naomi Shavin. Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer. See omnystudio.com/listener…

After amassing US land for more than a century, the Church of Jesus Christ of Latter-day Saints has recently started turning unused tracts into big suburban housing developments. On today’s Big Take podcast, commercial real estate reporter Natalie Wong and data journalist Ann Choi tell host Sarah Holder about the development plans of the church’s real estate arm, Property Reserve. They also introduce their exclusive tally of the church’s holdings — at least 2.4 million acres across the US, according to a Bloomberg News review of property records compiled by real estate data provider Reonomy. Read more: The Mormon Church Is Quietly Expanding Its Real Estate Empire Across the US We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by Sarah Holder; Produced by Julia Press; Reported by Natalie Wong and Ann Choi; Edited by Jeffrey Grocott. Fact-checking by Laura Newcombe; Engineering by Emma Munger. Senior Producer: Naomi Shavin; Deputy Executive Producer:…

On today’s Big Take podcast, Bloomberg’s Amanda Gordon and Emily Birnbaum join host Sarah Holder to discuss how political spending is shaping the US midterm elections, who is funding candidates behind the scenes and what’s at stake for both Republicans and Democrats. We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky; Guests: Amanda Gordon and Emily Birnbaum; Edited by Nicole Beemsterboer. Fact-checking by Big Take team; Engineering by Sean Carter. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer. See omnystudio.com/listener for privacy information.

Backers of the venture are big fans of a town in Idaho where a preacher with a flamethrower tells our reporters how much he hates feminism. Today on The Big Take: Chapter 3 of Our Town, a limited-run series from Bloomberg and The Big Take, hosted by Meribah Knight with Bloomberg’s Susan Berfield. Our Town tells the story of a battle over identity fought on one small town’s soil, where acreage, heritage, and what it means to be an American are all up for grabs. New episodes of Our Town publish on Mondays, but you can listen early on Fridays right here in The Big Take feed. We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by Meribah Knight with Susan Berfield Produced by: Rebecca Laks with Julia Weaver and David Fox and help from Laura Newcombe Edited by: Ken Armstrong with Rebecca Laks Original Score and Mixing by: Alex Sugiura Fact-checking by: Annika Robbins Executive Producer: Nicole Beemsterboer See omnystudio.com/listener for privacy information.

On today’s Big Take podcast, economy reporter Shawn Donnan walks David Gura through what eight years of tariffs have meant for steel mills, can manufacturers, food growers and consumers. And as the second Trump administration continues to pursue tariffs – see this week’s 11th-hour negotiations with Canada over the US’s latest proposed duties – Donnan looks at how manufacturers have tried to adapt. Read more: What the American Tin Can Reveals About Trump’s Volatile Tariff Policy We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by David Gura; Produced by Rachael Lewis-Krisky; Reported by Shawn Donnan; Edited by Jeffrey Grocott. Fact-checking by Brunella Tipismana Urbano; Engineering by Emma Munger. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer. See omnystudio.com/listener for privacy information.