We’re trying something new today. Instead of bringing you just one important story, we’re rounding up some of the week’s biggest news from the US and across the globe. Bloomberg’s Nancy Cook , Craig Gordon and Rosalind Mathieson join this episode to discuss the latest from the 2024 campaign trail, the war in Ukraine and the high stakes talks between the US and China. Plus, they tell us what stories they’ll be keeping a close eye on in the weeks ahead. Listen to The Big Take podcast every weekday...
Jul 21, 2023•30 min
Meta’s new Twitter-like social media platform called Threads is signing up users at a record pace. But will it last–and will it be a “Twitter killer”? Bloomberg Businessweek writer Max Chafkin is…skeptical. He says that after years of explosive growth, social media platforms like Twitter, Facebook and Instagram are facing big challenges. Many longtime users are spending less time each day scrolling through their feeds. Max joins this episode to talk about why people are putting down their phones...
Jul 20, 2023•32 min
Seven percent of US households and businesses lack basic broadband internet. The Biden administration plans to remedy that with $42 billion in federal broadband infrastructure grants that will be split up among the fifty states and US territories. Bloomberg telecommunications reporter Todd Shields joins this episode to discuss how local governments will spend this money, and what it will take to bridge the so-called digital divide. And Christine Hallquist, executive director of the Vermont Commu...
Jul 19, 2023•28 min
The US Battery Belt, which stretches from Michigan to Georgia, has emerged as a regional hub for building electric vehicle batteries and other components critical to emerging technologies. But the push to bolster US manufacturing—soon to be flush with billions of dollars from Washington—is rubbing up against a shortage of skilled workers. Bloomberg reporters Mackenzie Hawkins and Reade Pickert join this episode to talk about Tennessee, a key Battery Belt state, where an education-focused plan is...
Jul 18, 2023•30 min
Catalytic converters are a vital part of emissions reduction in gas-powered vehicles. But that’s not why they’ve been making headlines. Thieves across the US have been sawing them off cars because they contain precious metals like platinum, palladium and rhodium. Bloomberg Businessweek contributor Evan Ratliff is here to tell the tale of a $500 million catalytic converter theft ring—and how local police departments and federal law enforcement brought it down. Read more: How Cops Cracked a $500 M...
Jul 17, 2023•33 min
The world can’t wait for the 2023 Women’s World Cup, which starts later this month. Ticket sales are on track to smash records, and viewership has grown significantly since its 1991 inception. But when it comes to equity between the men’s and women’s tournaments, there’s still a long way to go. Bloomberg’s Jennah Haque joins this episode to talk about why the Women’s World Cup still lags behind the men’s tournament in pay, prize money and all-important media rights–and what’s being done to close...
Jul 14, 2023•21 min
The epic crash and burn of Sam Bankman-Fried’s FTX crypto empire in November was huge global news. Eight months later, the crypto world is still feeling the after-shocks—with embarrassed celebrity endorsers, a scrubbed stadium logo and billions of dollars drained from the accounts of ordinary people. Bloomberg’s Hannah Miller and Allyson Versprille join this episode to talk about the next big challenge for crypto exchanges: Washington. Federal agencies are taking a hard look at new regulations t...
Jul 13, 2023•29 min
As the saying goes: a lie gets halfway around the world before the truth has a chance to put its pants on. As AI is increasing productivity across industries, it’s also raising concern about how to regulate its output and keep it from putting many of us out of work. And as the next campaign season approaches, another question comes into focus: what about its potential to quickly create and spread misinformation about political rivals? Bloomberg’s Laura Davison and Emily Birnbaum raise the curtai...
Jul 12, 2023•23 min
For decades, India has been a top player in global pharmaceuticals. But its drug regulatory system came under scrutiny after toxic chemicals were found in Indian-produced medicine that led to the deaths of scores of children in Gambia. Bloomberg reporter Zachary Mider and contributor Swati Gupta discuss their investigation into a pharmaceutical company and the ripple effects of its supply chain across the globe. Read more: Poisoned Cough Syrup Killed Kids. Authorities Cut the Investigation Short...
Jul 11, 2023•29 min
What it means to be a conservative has changed dramatically in the decades since Ronald Reagan and Margaret Thatcher. Bloomberg Opinion’s Global Business Columnist Adrian Wooldridge argues not all of that change has been for the better. He joins this episode to talk about why he believes conservatism in the US and UK has lost sight of its roots—and what conservatives can do to find their way back. Read more: Conservatism Is In Crisis — But Can Be Rescued Listen to The Big Take podcast every week...
Jul 10, 2023•27 min
She’s been an astronaut, a scientist and the president of the United States. Now Barbie is a movie star. Bloomberg’s Kelly Gilblom joins this episode to talk about Mattel’s bet that the $100 million Barbie movie debuting July 21 — and the launch of the company’s entertainment division — will revive its biggest brand, reel in new fans and help it reclaim the No. 1 spot of global toymaker. Read more: Mattel's Risky Bet on a Feminist Barbie Movie Just Might Work Listen to The Big Take podcast every...
Jul 07, 2023•32 min
This year’s NATO summit begins next week in Vilnius, Lithuania—and once again, the alliance’s response to the war in Ukraine is top of mind. Bloomberg’s Natalia Drozdiak and Niclas Rolander discuss this year’s agenda, including the implications of expanding NATO as Sweden’s membership bid hangs in the balance. Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg....
Jul 06, 2023•25 min
The American middle class is feeling the squeeze: inflation, wages that haven’t kept up, higher interest rates and fluctuating markets are all adding up to a loss of collective wealth. Bloomberg’s Shawn Donnan and a team of journalists are following the economic lives of two dozen middle class families across the country as we head into the 2024 election. In this first installment we hear from four of them. What does it mean to be middle class in America today–and how will their shifting fortune...
Jul 05, 2023•31 min
The Big Take team is taking a break for the Fourth of July holiday in the US, so we wanted to share this episode you might have missed. Back tomorrow! --- Bloomberg Businessweek contributor Mary Pilon joins this episode to talk about the promise–and challenges–of building a fanbase for the Women’s Football Alliance, an all-female, full-contact league that has 60 teams in four divisions across 32 states. And we head to a nighttime practice of the DC Divas, to hear from the players and coaches abo...
Jul 04, 2023•33 min
Record temperatures in Texas and across the southern US are putting immense strain on the electric grid, as residents battle the heat by cranking up the AC. But experts say grid pressure could get even worse this winter. Bloomberg’s Naureen Malik joins this episode to discuss whether America’s infrastructure can support an increasingly electrified economy—and what can be done to avoid mass blackouts in the coming months. Read more: America’s Biggest Power Source Wasn’t Built for Extreme Weather ...
Jul 03, 2023•28 min
The US Supreme Court is wrapping up yet another eventful term, with decisions in major cases that will have a lasting impact on Americans’ lives. Bloomberg’s Greg Stohr and Zoe Tillman join this episode to talk about how in recent years, the high court has become more willing to assert its power and enhance its role among the three branches of government. At the same time, ethics controversies and rising public perception that the justices are sometimes overtly political have lowered confidence ...
Jun 30, 2023•26 min
In 2019, telecommunications companies were vying for a lucrative contract to upgrade Denmark’s cellular network to 5G. The competition came down to two finalists: The Swedish telecom Ericsson, and the Chinese technology giant Huawei. Then things got weird. Bloomberg Businessweek writers Jordan Robertson and Drake Bennett are back again with another captivating investigation–this one featuring eavesdropping, a drone and the frantic hunt for a suspected leaker. Read more: When a Huawei Bid Turned ...
Jun 29, 2023•29 min
For decades, Germany has been the driving force of Europe’s economy. But now, as it emerges from a winter recession, the nation’s resilience is showing signs of breaking down–and that could mean trouble for the rest of the continent. Bloomberg’s William Wilkes and Jana Randow join from Frankfurt to talk about why Germany has lost its economic edge–and what it will take to get it back. Read more: Europe’s Economic Engine Is Breaking Down Listen to The Big Take podcast every weekday and subscribe ...
Jun 28, 2023•24 min
Millions of Americans depend on public assistance programs to help pay for food and make ends meet. But it’s not always easy for them to manage the red tape required to keep those benefits coming. Bloomberg Businessweek contributor Bryce Covert joins this episode with the story of a nonprofit called Code For America. It works with states to make navigating government bureaucracies less of a hassle. And we also hear from Code For America’s Genevieve Miller. Read more: How Many People Does It Take...
Jun 27, 2023•25 min
Moscow is quiet again after an armed insurrection in Russia over the weekend ended as quickly as it began. But the uprising has left President Vladimir Putin weakened in the eyes of many Kremlin watchers, including US and European officials. Bloomberg’s Flavia Krause-Jackson joins this episode to talk about what this unprecedented threat to Putin’s authority means for his hold on power. And how turmoil inside the Kremlin and at the top of the military could further complicate Russia’s war in Ukr...
Jun 26, 2023•21 min
Americans love beef, and always have. But when it comes to the meat they actually choose to eat, chicken takes the crown. Bloomberg’s Matt Townsend and Leslie Patton join this episode to explain how poultry came to dominate the American diet. And historian Emelyn Rude shares what the past can tell us about where the industry goes from here. Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK Have questions or comments for Wes and the team?...
Jun 23, 2023•26 min
Microsoft is a household name when it comes to Word docs, Excel spreadsheets and PowerPoint presentations, but it’s not the first name many people think of when it comes to cool new tech. At least until recently. The company’s big investment in OpenAI, the creator of ChatGPT, has now launched it to the forefront of tech innovation. Bloomberg Businessweek writer Max Chafkin joins this episode to tell the story of how the company that once brought us Clippy the interactive paperclip became a power...
Jun 22, 2023•27 min
By 2030, people over the age of 65 in the US will outnumber those under 18. That’s in part because people are living longer—a testament to modern medicine. But are our health systems and social programs equipped to support so many seniors at the same time? Bloomberg reporter Priya Anand brings us the details on a tech startup that’s trying to fill part of the void in senior care—and the challenges it’s facing. And health economist Jonathan Skinner talks about how the US can actually meet the nee...
Jun 21, 2023•28 min
Anti-immigration sentiment has been rising on the right in many countries around the world, including the US, UK, France and Italy–even as these nations are grappling with declining birth rates and aging work forces. Canada has decided to try an entirely different approach: welcoming in large numbers of immigrants to fill key jobs and boost the economy. So, how’s it working? Bloomberg reporter Randy Thanthong-Knight walks us through the ups and downs of this ambitious experiment. Read more: Mass...
Jun 20, 2023•22 min
NOTE: This episode originally aired in December 2022. --- In the aftermath of the 2008 financial crisis, some of the biggest mortgage lenders in the US promised to extend billions in new loans to Black homebuyers. That hasn’t happened. Instead, the numbers are going in the opposite direction. Bloomberg senior economics writer Shawn Donnan joins this episode to talk about why banks have fallen short of the goal–and what it means for families across the country. Dedrick Asante-Muhammad of the Nati...
Jun 19, 2023•32 min
We’re on the cusp of a natural – but significant – shift from a cooling weather phase known as La Niña to its considerable opposite–El Niño. This change will bring warming trends globally, and many unwelcome consequences. In some parts of the world, past El Niño events brought drought that destroyed crops and added to fire risks. In other regions, it led to flooding that destroyed homes. El Niños have caused inflation spikes, sapped economic productivity, strained power grids, and driven up food...
Jun 16, 2023•22 min
America’s affordable housing shortage has been getting worse for decades. Now, some states are trying to ease this crisis by enacting what's been called a “builder's remedy.” These are rules that override local zoning laws and allow developers to build housing in cities that fail to meet state targets. It’s one of several carrots and sticks governors are wielding to pressure cities into freeing up land for development. What will it take to build enough affordable places to live across the US? Bl...
Jun 15, 2023•27 min
As pressure mounts on lawmakers to regulate artificial intelligence, another problem area of the technology is emerging: AI-generated images. Early research shows these images can be biased and perpetuate stereotypes. Bloomberg reporters Dina Bass and Leonardo Nicoletti dug deep into the data that powers this technology, and they join this episode to talk about how AI image generation works—and whether it’s possible to train the models to produce better results. Read more: Humans Are Biased. Gen...
Jun 14, 2023•24 min
Donald Trump enters a Miami courtroom today to hear federal criminal charges related to his handling of classified documents that he took with him when he left the White House. The former president also faces investigations into his attempts to overturn the results of the 2020 election and whether he bears some responsibility for the insurrection at the U.S. Capitol on January 6, 2021. Bloomberg’s Sara Forden and Zoe Tillman dive into the details of the charges against Trump—and what happens nex...
Jun 13, 2023•29 min
South Korea’s stock market is one of the largest in Asia. The nation is home to huge conglomerates including Samsung and Hyundai. And yet Korea is still listed as an emerging market — not a developed one — by MSCI, the investment research firm that provides influential market indexes. Korea argues it should be elevated to MSCI’s World Index, where it would sit alongside the US, UK, Germany and other developed economic powers. The company is expected to decide this month. Bloomberg’s Youkyung Lee...
Jun 12, 2023•26 min
