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ICYMI: Apple’s AI Push to Hinge on Robots, Security, Lifelike Siri Aug 14, 2025

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Apple Inc. is plotting its artificial intelligence comeback with an ambitious slate of new devices, including robots, a lifelike version of Siri, a smart speaker with a display and home-security cameras.
A tabletop robot that serves as a virtual companion, targeted for 2027, is the centerpiece of the AI strategy, according to people with knowledge of the matter. The smart speaker with a display, meanwhile, is slated to arrive next year, part of a push into entry-level smart-home products.
Mark Gurman, Managing Editor for Global Consumer Tech for Bloomberg News, explains why home security is seen as another big growth opportunity for the tech giant. Mark speaks with Tim Stenovec and Carol Massar on Bloomberg Businessweek Daily.

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Trump Issues Warning to Putin After Summit Prep With Europe Aug 13, 2025

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Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
US President Donald Trump warned he would impose “very severe consequences” if Vladimir Putin didn’t agree to a ceasefire agreement later this week, following a call with European leaders ahead of his meeting with the Russian president.
Trump also said he hoped to use the Friday meeting to set up a “quick second meeting” with Ukrainian leader Volodymyr Zelenskiy after allies pressed him to push for such a summit.
“There’s a very good chance that we’re going to have a second meeting which will be more productive than the first,” Trump told reporters Wednesday at the Kennedy Center, adding that he was “setting the table for the second meeting."
The president’s remarks signaled both that he was looking to downplay expectations for the delivery of a full peace deal from his Anchorage, Alaska summit with Putin, and responding to concerns from his European partners who urged him to prioritize direct Putin-Zelenskiy talks. Skeptics of Trump’s effort have expressed concern that the US president — who has said an eventual deal would include territorial exchanges — could agree to peace terms proposed by Putin that would disadvantage Ukraine.
Today's show features:

Bloomberg News National Security Team Leader Nick Wadhams on expectations for Friday’s Alaska Summit between President Trump and Russia’s Vladimir Putin
Bloomberg Economics Chief Geoeconomics Analyst Jennifer Welch on how China has been preparing for a trade war with the US for decades
Bloomberg Intelligence Global Equity Strategist Gillian Wolff on the Wednesday trade
Gary Evans, Chairman and CEO of United States Antimony Corp., and Bloomberg News Economic Statecraft Reporter Joe Deaux, on the company's latest earnings and the critical minerals market

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ICYMI: AI Powers Green-Tech Surge Aug 13, 2025

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Green firms in the US have found something of a lifeline in artificial intelligence after being bogged down by high interest rates, shrinking funding and, more recently, President Donald Trump’s sharp rollback of support. Clean technology companies that have inked deals to support data centers have seen their stocks soar this year, outperforming the S&P 500. Nuclear power startup Oklo Inc.’s shares are up nearly 275% year-to-date while the stock price of fuel cell provider Bloom Energy Corp. has risen more than 80% as of Tuesday's US market close. Energy storage and clean power snagged the most public and private investment among climate tech sectors last quarter, according to BloombergNEF.
Dr. KR Sridhar, Founder, Chairman and CEO of Bloom Energy, discusses his company's place in the green technology landscape as well as its third straight quarter of record revenue and profits, which were reported in its most recent earnings on July 31. Dr. Sridhar speaks with Carol Massar and David Gura on Bloomberg Businessweek Daily.

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US Core CPI Picks Up on Services; Goods Inflation More Subdued Aug 12, 2025

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Underlying US inflation accelerated in July though the cost of tariff-exposed goods didn’t rise as much as feared, boosting expectations that Federal Reserve officials will lower interest rates when they meet next month.
The core consumer price index, which excludes the often volatile food and energy categories, increased 0.3% from June, the strongest pace since the start of the year, according to Bureau of Labor Statistics data out Tuesday. That was in line with economists’ forecasts, as was the overall CPI on a monthly basis.
The pickup in the core CPI was fueled by services prices. Excluding energy, they climbed the most since the start of the year. Airfares jumped by the most in three years, while medical care and recreation also advanced. Goods prices, excluding food and energy commodities, rose at a tame pace. Some categories exposed to tariffs, such as toys, sporting goods and household furnishings and supplies, continued to increase, albeit at a slower pace than the prior month. Meantime, used car prices rebounded from a series of declines.
The reacceleration in services costs, after months of more subdued prints, underscores the lingering difficulties in taming inflation. Economists and policymakers have been largely concerned about rising goods prices given President Donald Trump’s sweeping tariffs, but a pickup in consumer demand could fuel services inflation.
Today's show features:

Pooja Sriram, Vice President of US Economics Research at Barclays, on the latest US inflation print and Bloomberg TV Radio International Economics and Policy Correspondent Mike McKee on Federal Reserve and White House news
Shehzad Qazi, Chief Operating Officer and Managing Director of China Beige Book, on China’s response to what it calls US “protectionist measures,” and Bloomberg Economics Geo-Economic Analyst for Latin America Jimena Zuniga on
Brazil seeking support from BRICS partners for a joint response to US tariffs.
Bloomberg News Treasury Reporter Daniel Flatley and Bloomberg New Economy Reporter Editorial Director Erik Schatzker on their Bloomberg Big Take and upcoming Businessweek cover story on Treasury Secretary Scott Bessent

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ICYMI: Inspire Announces $200 Million Stock Buyback Aug 12, 2025

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Inspire is a medical technology company focused on the development and commercialization of innovative, minimally invasive solutions for patients with obstructive sleep apnea. Inspire’s proprietary Inspire therapy is the first and only FDA, EU MDR, and PDMA-approved neuro-stimulation technology that provides a safe and effective treatment for moderate to severe obstructive sleep apnea.
The company last week cut its revenue guidance for the full year, saying the US commercial launch for Inspire V is going slower than expected. On Monday, however, it announced a $200 million stock buyback plan, which representing 8.5% of the company's current market value, data compiled by Bloomberg show.
Tim Herbert, Inspire's Founder, Chairman, President and CEO discusses the reasons for the repurchase program and the health of the company overall. Tim speaks with Tim Stenovec and Carol Massar on Bloomberg Businessweek Daily.

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Fed Chair Search Expands to Include Bowman, Jefferson and Logan Aug 11, 2025

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Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
The Federal Reserve’s two vice chairs, Michelle Bowman and Philip Jefferson, and Dallas Fed President Lorie Logan are under consideration to serve as chair of the central bank when the position opens next year, according to two administration officials.
Treasury Secretary Scott Bessent, who is running the search, will interview additional candidates in the coming weeks, said the officials, who were granted anonymity to speak candidly about the process. The president is expected to make his final announcement this fall, they said.
Others who remain under consideration include Kevin Hassett, a close economic adviser to Trump, Fed Governor Christopher Waller, economist Marc Sumerlin and former Fed officials Kevin Warsh and James Bullard, the people said.
Last week, Trump nominated Stephen Miran, chair of the White House’s Council of Economic Advisers, to fill a seat on the Fed’s Board of Governors that expires at the end of January. The post opened when Adriana Kugler announced her early departure.
With Miran’s nomination headed to the Senate for confirmation, the Trump team doesn’t feel the need to rush the search for a chair, the officials said. Bessent will interview all the candidates for chair, and then make a recommendation to the president on a short-list to meet with, the officials said.
Today's show features:

Bloomberg Economics Editor Molly Smith on the week ahead in economic data
Ed Price, Senior Non-Resident Fellow at New York University and Former British Trade Official on the upcoming meeting between President Donald Trump and Russia’s Valdimir Putin in Alaska
Jordan Klein, Managing Director at Mizuho Securities USA, on the news that Nvidia and Advanced Micro Devices will pay 15% of their revenues from Chinese AI chip sales to the US government in order to secure export licenses.
Drive to the Close with Lauren Sanfilippo, Director, Senior Investment Strategist at Merrill and Bank of America Private Bank on the market and economic outlook

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ICYMI: Recruiting for AI Powered Solutions Aug 11, 2025

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Upwork Inc., the world’s largest human and AI-powered work marketplace, has facilitated more than $25 billion in economic opportunity for talent around the world. The online recruitment company this week reported second-quarter results that beat expectations and also raised its full-year forecast.
Erica Gessert, Upwork's Chief Financial, breaks down the latest numbers and discusses the recent acquisition of Bubty, as well as its agreement to acquire Ascen through Upwork’s new wholly-owned Enterprise subsidiary. The company sees the deals enhancing its offerings of full-stack, digitally native, end-to-end contingent work solutions for large enterprises. Erica speaks with Carol Massar, Jess Menton and Nina Trentmann on Bloomberg Businessweek Daily.

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Bloomberg Businessweek Weekend - August 8th, 2025 Aug 08, 2025

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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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Fannie, Freddie $30 Billion IPO Being Weighed for This Year Aug 08, 2025

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Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
The Trump administration is considering selling shares of Fannie Mae and Freddie Mac in an offering that could start as early as this year, according to senior administration officials.
The plan could value the government-controlled mortgage giants at some $500 billion or more and would involve selling between 5% and 15% of their stock with an offering expected to raise about $30 billion.
No final decision has been made and President Donald Trump is still weighing his options, one official said. The Wall Street Journal earlier reported the news.
Shares of both Fannie Mae and Freddie Mac surged as much as 22% in Friday trading, the most in more than two months.
The federal government bailed out the companies in September 2008 to stave off catastrophic losses during the financial crisis. Policymakers in Washington have struggled for years with what to do with the so-called government-sponsored enterprises. Congressional efforts to free the companies have repeatedly failed on concerns about the impact on mortgage costs and the firms’ commitment to affordable housing. One official said that Fannie and Freddie may stay in the conservatorship while being taken public.
Today's show features:

Bloomberg TV & Radio International Economics & Policy Correspondent Mike McKee on reports of the Trump Administration planning IPOs for Fannie Mae and Freddie Mac
Wendy Culter, Vice President at the Asia Society Policy Institute, on US trade policy news concerning India and China
Bloomberg News Jerusalem journalist Dan Williams on Israel's security cabinet approving an operation to take control of Gaza City
Mark Mahaney Senior Managing Director and Head of Internet Research at Evercore I-S-I ... On the Trump White House's impact on American tech companies

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ICYMI: Elanco Shares Jump After 2Q Beat-and-Raise Results Aug 08, 2025

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On Thursday, Elanco Animal Health shares climbed by the most intraday since May, after the animal health firm boosted its adjusted profit and revenue guidance for the full year, following better-than-expected second-quarter results. Bloomberg Intelligence sees the launches of dog medications Credelio Quattro and Zenrelia bolstering Elanco's broader portfolio, with a big portion of new customers buying multiple products.

Jeff Simmons, Elanco's President and CEO, breaks down the firm's strategic framework and explains why he sees sustainable value creation continuing for years to come. Jeff speaks with Carol Massar and Norah Mulinda on Bloomberg Businessweek Daily.

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