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OpenAI-Linked Stocks Slip; Investors Focus on AI Ahead of Big Tech Earnings Apr 28, 2026

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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

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Environmentally Sustainable Wines Apr 28, 2026

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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.

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Gala Shooting Suspect Charged With Trying to Assassinate Trump Apr 27, 2026

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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

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Everything is Flying: How Space Tech Shapes Earth Apr 27, 2026

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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.

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Bloomberg Businessweek Weekend: April 24th, 2026 Apr 25, 2026

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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

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DOJ Drops Powell Probe, Smoothing Path for Warsh to Lead Fed Apr 24, 2026

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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

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Women Lose Significant Bone Density During Menopause Apr 24, 2026

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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.

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US Reduces Marijuana Restrictions in Lift to Ailing Industry Apr 23, 2026

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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

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Iran Satellite Data Reveal Scale of US-Israeli Strikes Apr 23, 2026

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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.

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No Peace, No War — the New US-Iran Normal Apr 22, 2026

Show notes

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

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