Lumen Technologies last month announced the successful completion of a repricing transaction of Level 3 Financing, Inc.’s (“Level 3”) $2.4 billion credit facilities at Term SOFR + 3.25%. The new pricing represents a reduction of 100 basis points, resulting in $24 million in annual interest expense savings. Additionally, in connection with the refinancing transaction certain other modifications were made to the covenants in the Credit Agreement to provide additional flexibility to Level 3. Chris ...
Oct 14, 2025•7 min
Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump pressed world leaders gathered at a summit on Gaza’s future to ensure the US-led truce between Israel and Hamas turns into a lasting peace, hailing the agreement as a “new beginning” for the war-torn region. “Today, for the first time anyone can remember, we have a once-in-a-lifetime chance to put the old feuds and bitter hatreds behind us,” Trump said in the Egyptian resort town of Sharm...
Oct 13, 2025•40 min
Rick Caruso has amassed a $5.8 billion fortune building open-air malls known for their relentlessly cheerful, Disneyfied aesthetic, with dancing fountains and sightseeing trolleys. He moonlighted in local California politics, emerging as a civic fixer for a series of mayors who turned to him when they had a difficult or distasteful task they needed done. Caruso vied for office himself in 2022, spending $107 million of his personal fortune on a run for LA mayor, casting himself as a centrist Demo...
Oct 13, 2025•11 min
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 Bloombe...
Oct 11, 2025•1 hr 17 min
Watch Bloomberg Businessweek LIVE every day on YouTube: http://bit.ly/3vTiACF . US President Donald Trump threatened a “massive increase” of tariffs on goods from China and to cancel an upcoming meeting with the country’s leader, Xi Jinping, citing recent “hostile” export controls Beijing placed on rare-earth minerals. “I was to meet President Xi in two weeks, at APEC, in South Korea, but now there seems to be no reason to do so,” Trump posted Friday on social media. The president added that one...
Oct 10, 2025•32 min
The Digital Wellness Lab at Boston Children’s Hospital conducts rigorous, multi-method research to understand how interactive media impacts the mental, social, and emotional health of children and teens. When it comes to the tech and media industry, the Lab aims to embed what it's learning into the decisions leaders are making every day about product, policy, and user supports to ensure young people’s social, emotional, and mental wellbeing and overall health are at the forefront. Dr. Keneisha S...
Oct 10, 2025•8 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . Jared Isaacman and President Donald Trump have met in recent weeks and discussed reviving the fintech billionaire’s nomination to lead NASA, according to a person familiar with the matter. A decision to reconsider the Elon Musk ally would mark a major reversal for Trump after the White House revoked the job offer in May citing Isaacman’s ties to Democratic politicians. That left NASA without a long-term leader as the space ag...
Oct 10, 2025•35 min
Rubrik CEO Bipul Sinha believes that artificial intelligence is creating "one hundred times more opportunities," but with "one hundred times more risk" for cybersecurity clients. He joined Scarlet Fu and Norah Mulinda on 'Bloomberg Businessweek Daily' to discuss balancing AI innovation with data privacy. See omnystudio.com/listener for privacy information.
Oct 09, 2025•7 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . Several participants at the Federal Reserve’s September policy meeting said it was important to continue monitoring money-market conditions and evaluate how close bank reserves are to their “ample” level, as the central bank continues to unwind its massive portfolio of securities. The remarks come as prolonged funding pressures in US money markets, just as bank reserves held at the Fed are dwindling, are suggesting the centra...
Oct 08, 2025•40 min
Zwift is a massively multiplayer online cycling and running physical training program that enables users to interact, train, and compete in a virtual world. Eric Min is co-founder and CEO of Zwift. He discusses using AI for the online cycling and running physical training program. See omnystudio.com/listener for privacy information.
Oct 07, 2025•8 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . Dell Technologies Inc. roughly doubled its growth estimates for sales and profit for the next two years, and said demand for artificial intelligence products will extend those higher projections at least through the 2030 fiscal year. The company unveiled a “long-term financial framework” that calls for sales to rise at a rate of 7% to 9% annually for the next four years, while earnings per share, excluding some items, will in...
Oct 07, 2025•37 min
Paramount Skydance Corp. acquired the online news site the Free Press and named founder Bari Weiss editor-in-chief of CBS News, a move likely to stir controversy inside and outside of the venerable news organization. Weiss, 41, will report to Paramount Chief Executive Officer David Ellison and oversee the editorial direction of a news division whose programs include the prestigious 60 Minutes and CBS News Sunday Morning. Financial terms of the deal weren’t disclosed, but other outlets have repor...
Oct 07, 2025•7 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Advanced Micro Devices Inc. landed a blockbuster deal with OpenAI to build artificial intelligence infrastructure, giving the chipmaker a chance to show it can mount a challenge to Nvidia Corp. in the AI computing industry. AMD shares soared 24% to $203.71 after the agreement was announced Monday, adding $63.4 billion to the company’s market valuation. It’s now worth $330.6 billion, more than Coca-Cola Co., General Electric Co...
Oct 06, 2025•45 min
A developer of residential towers in New York, Miami and Los Angeles has embarked on a new venture, with plans to spend more than $1 billion converting cruise ships into luxury condos on the seas. Earlier this year, Russell Galbut, managing principal of developer Crescent Heights, struck a $230 million deal with Norwegian Cruise Line Holdings Ltd. for a long-term lease on his first ship. Galbut said he intends to upgrade the vessel, known as the Seven Seas Navigator, and sell berths to customers...
Oct 06, 2025•11 min
Damian Sanchez, (Damian J to music fans) is a Miami-based jazz musician. A car accident landed him in the hospital with multiple fractures to his leg. Once there, he faced the difficult decision of whether or not to take the pain medication that was offered to him. With patients like Damian in mind, Dr. Paul Negulescu and the research team at Vertex are thinking differently about pain – they’re investigating potential non-opioid based treatment options that aim to target pain differently. Produc...
Oct 05, 2025•13 min
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 Bloombe...
Oct 04, 2025•1 hr 16 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . Hamas agreed to release all Israeli hostages captured in its Oct. 7 attack but said the rest of President Donald Trump’s 20-point peace plan would be subject to negotiation. The statement was a positive step that still raised questions about whether the promise would be sufficient to end the fighting. It also didn’t address Trump’s demand that the group disarm In a statement, Hamas said it agreed “to release all Israeli priso...
Oct 03, 2025•31 min
Drawing from decades leading New York City’s health department after 9/11, directing the CDC during the Ebola epidemic, and fighting tuberculosis and other lethal threats in India and around the world, Thomas Friedman wants you to protect your own health, safeguard your community, or solve seemingly impossible health challenges. In his book, Thomas Frieden combines compelling stories with insider knowledge to show you how to win the battle for health. He also bridges the lethal gap between scien...
Oct 03, 2025•12 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . After years getting shunned by major banks, Donald Trump’s money has found another place to call home: Citigroup Inc. The president’s son, Eric Trump, signed up as a client of the third-largest US lender and established a trust there that holds some of his father’s money, according to people with direct knowledge of the matter, who asked not to be named discussing the confidential arrangements. The relationship started after ...
Oct 02, 2025•44 min
Katie Kirkpatrick, President and CEO, at the Metro Atlanta Chamber, discusses how Atlanta is balancing its explosive growth and global event visibility with forward-thinking economic and real estate development The Metro Atlanta Chamber (MAC) is a 165-year-old organization representing businesses, colleges and universities, and nonprofits across the 29-county region that makes up the nation’s sixth-largest market. Member companies invest in MAC’s work to attract and retain business, ensure a bus...
Oct 02, 2025•16 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . White House Budget Director Russell Vought is planning to swiftly dismiss federal workers, a sign that Republicans will lean into hardball tactics to pressure Democrats to cave to end a government shutdown. Vought told House lawmakers Wednesday that some federal agencies will move to terminate workers within one to two days, according to people familiar with the remarks, who requested anonymity to discuss a private meeting. W...
Oct 01, 2025•44 min
April Rudin, CEO of the Rudin Group, and Nick Rice, Director at Brunswick Group, have co-authored a new book called Wealth Management with a Difference, which is set for global release in late October. The book delves into a generational change taking place in the global wealth management industry, offering actionable insights and strategies for financial professionals to seize emerging opportunities. As younger generations and women accumulate and inherit massive wealth and technological advanc...
Oct 01, 2025•9 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump threatened mass firings of federal workers as the US hurtles toward a shutdown with Democrats and Republicans at an impasse over funding the government. “We may do a lot and that’s only because of the Democrats,” Trump said in response to a question about the number of government employees who could be dismissed during a shutdown. The White House last week directed agencies to draw up plans for widespre...
Sep 30, 2025•39 min
Udemy is in the midst of pivoting from the leading online learning platform to is an AI-powered skills acceleration platform built for individuals and organizations. The company says it has expanded its focus from learning to "reskilling," which includes assessment, role plays, and new learning experiences. The company runs what it calls a "two-sided" business: a marketplace for consumers as well as Udemy Business for enterprises, which is designed to help businesses become more competitive. Hug...
Sep 30, 2025•8 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . | President Donald Trump and Israeli Prime Minister Benjamin Netanyahu said they had agreed to a 20-point plan designed to end the war in Gaza, though the prospects for peace remained unclear without the direct involvement of Hamas. Trump said the framework had the support of other leaders from the Middle East and Muslim majority nations during a press conference Monday alongside Netanyahu, suggesting it could lay the ground ...
Sep 29, 2025•39 min
The Katalyst Training System applies cutting-edge EMS (electrical muscle stimulation) technology to a lightweight, portable suit and pairs it with guided workouts from its mobile app. Throughout the workout, the Katalyst Suit delivers low-frequency impulses to each major muscle group. These impulses imitate the basic mechanisms your brain uses to activate muscles to help you train more efficiently, effectively, and safely. Katalyst is FDA cleared for home use in the US. Brendan Kennedy, the CEO ...
Sep 29, 2025•11 min
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 Bloombe...
Sep 26, 2025•1 hr 20 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . US personal spending rose at a solid clip in August for a third month, suggesting consumers continued to power the economy despite elevated inflation. Consumer spending, adjusted for changes in prices, increased 0.4% last month, according to Bureau of Economic Analysis data out Friday. The consecutive strong gains in consumer spending add to evidence of a solid economy in the current quarter, building upon even greater growth...
Sep 26, 2025•32 min
The Virtue Foundation is a nonprofit organization with Special Consultative Status to the United Nations. Its mission is to increase awareness, inspire action and render assistance through initiatives on healthcare, education, and women and justice programs, as well as innovative work in research and analytics. Composed primarily of volunteers, Virtue Foundation is guided by the principle that true global change must begin within each of us—one person at a time, one act at a time. Dr. Joan LaRov...
Sep 26, 2025•8 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . European diplomats warned the Kremlin this week that NATO is ready to respond to further violations of its airspace with full force, including by shooting down Russian planes, according to officials familiar with the exchange. At a tense meeting in Moscow, British, French and German envoys addressed their concerns about an incursion by three MiG-31 fighter jets over Estonia last week, according to the officials, who spoke on ...
Sep 25, 2025•35 min
