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ICYMI: Facial Recognition vs Facial Verification Jun 17, 2025

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Having experienced the devastating consequences of online criminal activity, founder and CEO, Andrew Bud, vowed to find a safe and secure way for organizations to verify the genuine presence of an individual. To enable this to happen it was necessary to ensure that the person setting up an online account was an actual person, and then authenticate that person whenever they return to use a digital service or verify their identity at secure locations.
The Big Idea was to use facial biometrics and controlled illumination to assure the genuine presence of a human being. Why facial biometrics? Because most government-issued identity documents contain a picture of a face and an identity can be verified against a trusted source. Why controlled illumination? Because it’s completely effortless for the user – with no instructions to follow or complex actions required. Just a brief, simple selfie capture that takes just seconds to complete. This gives the most secure assurance that an individual is not an imposter, a photo, a mask, a deepfake video, or a multitude of other sophisticated cyber attack tactics being used by criminal gangs worldwide. iProov does facial verification, not facial recognition. The difference is, with verification tech like iProov's, the user consents, and derives a benefit from it.

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Israel/Iran Conflict Escalates, Trump at the G7 Jun 16, 2025

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Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
US President Donald Trump said Iran wants to talk about deescalating the conflict with Israel even as the two sides exchanged deadly fire for the fourth consecutive day.
Asked about reports that Iran wants to work toward a resolution, Trump responded “yeah,” and added, “they’d like to talk, but they should have done that before. ”It’s painful for both parties but I would say that Iran is not winning this war,” Trump said at the start of a meeting with Canadian Prime Minister Mark Carney at a Group of Seven leaders summit in Kananaskis, Alberta. Asked if the US would get more involved militarily, Trump said he didn’t want to discuss it.
The Wall Street Journal reported earlier Monday that Tehran is signaling it wants to de-escalate hostilities with Israel and is willing to resume nuclear talks with the US as long as Washington doesn’t join the Israeli attacks. It cited Middle Eastern and European officials it didn’t identify. A similar report by Reuters says Iran conveyed the message through Qatar, Saudi Arabia and Oman.
Oil fell on the WSJ report, with Brent futures dropping around 4% after rising over 10% Friday. US Treasuries pared earlier drops and European bonds gained as traders reacted to diminishing concerns about inflation.
About the same time as Trump was speaking, Iran’s semi-official Mehr News Agency cited a senior security official as saying the country is prepared to deliver a “major blow” to Israel following its recent strikes on Iranian cities and targets. Shortly afterward, air raid sirens sounded as Israel reported it had detected more missile launches.
Today's show features interviews from the Bloomberg Technology Summit in San Francisco:

Bloomberg News National Security Team Leader Nick Wadhams on latest in Israel-Iran Conflict and Bloomberg News Correspondent David Gura on Israel/Iran Conflict and G7 Meeting
Beth Fouhy, Partner at FGS Global, on latest ICE Deportations, US Domestic News
Rob Thummel, Senior Portfolio Manager at Tortoise Capital on energy markets
and we Drive to the Close with Chris Fasciano, Chief Market Strategist at Commonwealth

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ICYMI: Axiom Space CEO Tejpaul Bhatia on the "Space Economy" Jun 16, 2025

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Axiom Space CEO Tejpaul Bhatia joins to discuss his company's place in the "space economy" and the delay to the company's planned launch with NASA.

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Bloomberg Businessweek Weekend - June 14th, 2025 Jun 14, 2025

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Featuring some of our favorite conversations from Cisco Live 2025 in San Diego.
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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Israel, Iran Warn More to Come After Missile Barrages Jun 13, 2025

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Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Iran fired hundreds of missiles in retaliation for Israel’s airstrikes that targeted Tehran’s military and nuclear infrastructure, broadening a conflict that threatens to engulf the region and roil global markets.
Israel said it identified missiles launched from the Islamic Republic and reported explosions from interceptions and falling debris from incoming projectiles. An Israeli official said US forces are helping to intercept the Iranian missiles. The Iranian attack, which Tehran said entailed hundreds of ballistic missiles, is the most forceful step yet by Tehran since Israel’s overnight raids killed top Iranian generals and badly damaged key military infrastructure.
While it’s unclear if Israel’s air defenses have been pierced, markets took another hit from the surge in tensions. US stocks fell to new session lows, oil prices extended their gains above 7%, while the US dollar and gold rose.
This episode features:

Gregg Roman, Executive Director of the Middle East Forum
Dana Stroul, Senior Fellow and Director of Research at the the Washington Institute for Near East Policy
Jay Neveloff, Partner and Chair of Real Estate, US at Herbert Smith Freehills Kramer
Elissa Sangster, Chief Executive Officer of the Forté Foundation

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ICYMI: Banking on Silicon Valley Jun 13, 2025

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Bridge Bank, the technology and innovation division of Western Alliance Bank, offers a full spectrum of commercial banking services with specialized expertise focused on life sciences and technology and innovation companies at every stage in their life cycle, from startup to IPO and beyond. The company serves the private equity and venture capital communities by providing banking solutions for portfolio companies and funds, plus banking solutions for small to mid-size businesses in the Bay Area.
Bob Curley, CEO of Bridge Bank and Deputy Chief Banking Officer of Regional Banking at Western Alliance discusses key financing trends among early stage companies and the broader appetite for IPOs.

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Air India Crash Kills Over 200 Jun 12, 2025

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Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
More than 200 bodies have been recovered at the crash site of a London-bound Boeing Co. 787 Dreamliner operated by Air India, in a disaster that has turned 2025 into one of the deadliest years in the past decade for civil aviation.
Officials didn’t immediately say how many of the dead were passengers, crew or area residents, but said the toll could rise as emergency workers comb through the wreckage.
There was at least one survivor in the crash, India’s federal home minister Amit Shah told reporters in Ahmedabad. Shah, who met with the survivor and visited the crash site, said the official death toll will be announced after DNA verification.
Flight AI171 was carrying 242 passengers and crew, most of whom were Indian and British nationals, when it crashed shortly after taking off in the western city of Ahmedabad.
Today's show features:

Bloomberg Intelligence Senior Aerospace, Defense & Airlines Analyst George Ferguson on the Air India crash involving a Boeing jet
Jayati Bharadwaj, FX & Macro Strategist at TD Securities on US dollar struggles
Bloomberg News Senior Editor, Equities Americas Eric Weiner
Christina Padgett, Associate Managing Director, Head of Leveraged Finance Research and Analytics, Moody's Investors

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ICYMI: No More Secrets About Addiction Jun 12, 2025

Show notes

Mountainside, a collection of addiction treatment centers in the Northeastern United States, has been in operation for nearly three decades, running on the belief that everyone is capable of achieving recovery. The organization has engaged the national not-for-profit Shatterproof to help create a short film entitled "NO MORE SECRETS" to serve as a call to action to help end the stigma associated with addiction.
Jana Wu, Senior Clinician at Mountainside Treatment Center and Dr. Manassa Hany, Director of Addiction Psychology at Northwell detail their work with Shatterproof and discuss the film's upcoming premier in New York City.

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Trump Says China Will Ship Rare Earths in ‘Done’ Trade Deal Jun 11, 2025

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Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.
President Donald Trump said a trade framework with China has been completed, with Beijing supplying rare earths and magnets “UP FRONT” and the US allowing Chinese students into its colleges and universities.
The US and China will maintain tariffs at their current, lower levels following the two nations’ agreement this week in London, Trump said Wednesday. That number is still higher than before the president took office. Trump said Chinese President Xi Jinping and he must still formally sign off on the agreement.
“OUR DEAL WITH CHINA IS DONE, SUBJECT TO FINAL APPROVAL WITH PRESIDENT XI AND ME,” Trump posted on social media. “WE ARE GETTING A TOTAL OF 55% TARIFFS, CHINA IS GETTING 10%. RELATIONSHIP IS EXCELLENT!”
Yet after months of tense back-and-forth between Washington and Beijing, it remained unclear if the latest round of negotiations brought the two sides closer to an ultimate understanding on trade — or if it just amounted to more talk.
“Trump is mentioning the current tariff status, in a misleading way, to show he has the upper hand,” said Neo Wang, lead China macro analyst at Evercore ISI.
Trump’s comments prompted fresh questions about the terms of the pact US and Chinese negotiators reached Tuesday. Markets had a mixed reaction on Wednesday to comments from Trump and his team, with US equity indexes fluctuating throughout the day.
Today's show features:

Bloomberg Economic Chief Geoeconomics Analyst Jennifer Welch on progress in in US-China trade negotiations
Alex Grassino, Global Chief Economist for Manulife Investment Management on investment options in the current economic environment
Julia Coronado, Founder and President of MacroPolicy Perspectives on the US economic outlook, and expectations for US monetary policy
Bloomberg Businessweek Editor Brad Stone on the LA riots and his feature story on the United States losing its moral authority across the globe

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ICYMI: Axon Sees an A-I Future Jun 11, 2025

Show notes

Axon is widely known for TASERs and body worn police cameras, and has grown into a nearly $60 billion connected software, services, and hardware platform that some analysts refer to as the ‘Apple of safety.’ The company’s newest artificial intelligence developments, including Axon Assistant, which is built directly into Axon’s latest generation of body-worn cameras, the Axon Body 4, and provides a new voice-enabled AI companion.
Josh Isner, president of Axon, discusses the impact of AI on Axon’s various product offerings and the broader demand for physical security tools.

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