Bloomberg Businessweek

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. BBQ sauce has long been an American staple, but what people reach for is changing. Today's cooks want heat with depth, texture with a story, and flavor that takes them somewhere beyond the backyard grill. Asian inspired flavor profiles are leading that evolution. Mr. Bing, the chef-approved Pan-Asian street sauce brand, wants to help bring bold, globally inspired flavor to everyday meals and modern menus. For more, Tim Stenovec and Carol Massar speak with Brian Goldberg, the Founder and Chief Growth Office of Mr. Bing Foods. See omnystudio.com/listener for privacy information.

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 See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. During the pandemic and the subsequent "Great Resignation," corporate leaders adopted an empathetic, employee-friendly persona, offering flexible remote-work policies, wellness perks, and mental health support to attract scarce talent. However, as economic pressures like inflation and high interest rates mounted, the labor market cooled, shifting leverage firmly back into the hands of employers. In response, CEOs quickly abandoned their "warm and fuzzy" approach to prioritize profit margins and shareholder demands. This shift has ushered in a ruthless return to aggressive workforce management and cost-cutting. To extract maximum productivity, executives are enforcing strict return-to-office mandates, rolling back employee perks, and utilizing performance reviews to quietly downsize staff. With fewer job openings available, workers are being forced to accept heavier workloads and tighter corporate surveillance, signaling a definitive end to the brief era of employee empowerment. On this episode, Carol and Tim speak with: See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. When Kevin Hart announced in January that he’d licensed his name to Authentic Brands Group, the popular comedian was silent on a key detail: the future of his namesake media company. Hart sold some ownership and oversight of his brand in exchange for an undisclosed sum of money and a stake in Authentic, a New York-based firm that manages the likenesses of Marilyn Monroe, Muhammad Ali, Shaquille O’Neal and David Beckham. Hart used the partnership with Authentic to reset his relationship with the people around him and his company, according to six current and former employees. Hart’s employees say they worry that this deal marks the beginning of the end of Hartbeat, the comedian’s namesake media company that produces films, owns a network of short-form video channels and handles marketing for brands. Though the announcement made no mention of Hartbeat, the agreement gave Hart money to buy out his private equity partner in the company over time and regain control of the use of his name, image and likeness. Hart’s endorsement deals, which had been a pillar of Hartbeat business, will now be handled by Authentic. For more, Tim Stenovec and Emily Graffeo speak with Lucas Shaw, Bloomberg News Managing Editor, Media & Entertainment and writer of the Bloomberg Screentime Newsletter See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. SpaceX is marketing itself to IPO investors as an artificial intelligence play targeting a $26.5 trillion potential market opportunity, signaling its intention to wrest business from investor darlings whose valuations have soared. The company, formally known as Space Exploration Technologies Corp., leaned heavily on its ambitions in the ever-expanding AI market in its initial public offering filing Wednesday. Out of a $28.5 trillion total addressable market across its businesses, SpaceX sees AI opportunities accounting for 93%, with enterprise applications accounting for the vast majority. Space, Starlink internet and mobile would contribute close to $2 trillion. Elon Musk’s rocket, satellite and AI company is effectively basing its pitch for the biggest IPO in history on the idea that it can capture a huge share of the market from the likes of OpenAI, Anthropic PBC and Alphabet Inc.’s AI systems: technology that will eventually automate large swaths of white-collar and administrative work, creating a massive market for software that can perform digital tasks traditionally handled by humans. On this episode, Carol and Tim speak with: See omnystudio.com/listener for privacy information.

Active managers who briefly looked like they might finally have their moment earlier this year are once again confronting a familiar problem: a market rally driven by a tiny group of tech mega caps that diversified portfolios simply can’t keep up with.The share of mutual funds outperforming the S&P 500 this year has plunged to just 28%, according to the latest data from Barclays, down from over 60% at the end of February. After benefiting from a rotation out of high flying technology shares and into the broader market, stock pickers are getting left behind as money floods back into a narrow group of AI-fueled heavyweights. For more on the generally bearish, Tim Stenovec and Emily Graffeo speaks with Thomas Thornton, President at Hedge Fund Telemetry and Alexandra Semenova, Bloomberg US Stocks Reporter See omnystudio.com/listener for privacy information.

Nvidia, the world’s most valuable company, delivered a sales forecast that drew a lukewarm reaction from investors, even as revenue from data center operators continued to surge.Sales in the three months ending in July will be about $91 billion, the company said in a statement late Wednesday. Though analysts estimated $87 billion on average, projections ranged as high as $96 billion, according to data compiled by Bloomberg. For instant reaction and analysis, Bloomberg Businessweek Daily hosts Tim Stenovec and Emily Graffeo speak with: See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. OpenAI is preparing to file for an initial public offering in the coming weeks and is targeting a public debut sometime in the fall, according to a person familiar with the plan. The ChatGPT creator is working with Goldman Sachs and Morgan Stanley to make a confidential IPO filing as soon as Friday, but the exact timing remains uncertain, the person said, asking not to be identified because the information isn’t public. OpenAI said in a statement: “We regularly evaluate a range of strategic options. Our focus remains on execution.” OpenAI has been laying the groundwork to go public as soon as this year as part of a broader effort to raise more capital and pay for its costly push for more chips, data centers and talent, Bloomberg News has previously reported. Rivals Anthropic PBC and SpaceX are also preparing for listings. SpaceX’s IPO paperwork may be made public as soon as Wednesday. On this episode, Carol and Tim speak with: See omnystudio.com/listener for privacy information.

The Golden State Valkyries have made sports history by becoming the first $1 billion franchise in women's sports. In just its second year in the league, that makes the Valkyries the first-ever women’s team in any sport to reach that valuation. Jess Smith is President of the WNBA team Golden State Valkyries. She speaks with Tim Stenovec and Alexandra Semenova. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Today, the debate is no longer about authenticity. It is about value perception, branding, sustainability, craftsmanship, transparency and consumer preference. Lab-grown diamonds are now widely accepted as real diamonds, with the same physical, chemical and optical properties as mined diamonds. The FTC and international trade standards recognize laboratory-grown diamonds as diamonds, provided disclosure is clear. Consumer perception has shifted dramatically over the last few years, moving the discussion away from origin and towards quality, craftsmanship, light performance and value. Lab-grown diamonds should not be confused with simulants such as cubic zirconia or moissanite, which are not carbon-based diamonds. On this episode, Carol and Tim speak with: See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Carol Massar and Tim Stenovec broadcast live from the NYSE trading floor with our partners at LifeMD for important conversations on the future of the healthcare industry. On this episode, Carol and Tim speak with: See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Carol Massar and Tim Stenovec broadcast live from the NYSE trading floor with our partners at LifeMD for important conversations on the future of the healthcare industry. On this episode, Carol and Tim speak with: See omnystudio.com/listener for privacy information.

Over the next year, The MINA Group will continue its expansion into several new markets, including North Carolina, largely through strategic partnerships with major hotel groups. It's been their playbook for quite some time. Through their portfolio of crowd-pleasing concepts, The Mina Group has become one of the most sought-after hospitality brands for major hotel groups looking to strengthen their F&B offerings – Michael's restaurants have a presence across brands like Four Seasons and Resorts, The Ritz-Carlton, Bellagio, JW Marriott Essex House, Westin St. Francis, and more. Balancing scale with creativity has been a core part of MINA Group's success. Rather than a one-size-fits-all model, the group crafts concepts that are highly site-specific, adapting even signature brands to reflect culture/audience/energy of each property. Michael Mina is the Chef, Founder and Executive Chairman of the MINA Group, an award-winning restaurant management company with a collection of over 30 chef-driven concepts across the country that showcase the best of food, wine and spirits. He speaks with Carol Massar and Tim Stenovec. See omnystudio.com/listener for privacy information.

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 See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Much of the world still thinks of Amazon.com Inc. as Jeff Bezos’ company. But Bezos, the fourth-wealthiest person on the planet, hasn’t led Amazon for five years. Under his handpicked successor, Andy Jassy, Amazon’s market value has increased by 45% as it’s pushed further into retail, advertising, sports broadcasting, filmmaking and now the AI wave that’s coming for us all, whether we like it or not. Jassy, and the way he’s pulled Amazon into the artificial intelligence age, is the subject of our June cover story. But if Bezos and his politics still color your feelings about the company — and your Prime membership status — you might want to reconsider. He remains Amazon’s executive chairman, speaks last at board meetings and shares his enthusiasm for new technologies like robotics. But he stays out of operational decisions, other board members tell us. “No one is confused that Andy’s the CEO and Jeff is in there as an incredible asset,” said Brad Smith, the former CEO of Intuit and an Amazon board member since 2023. Bezos deserves credit for what was by all accounts a model CEO transition. The world today is full of companies (and political movements) inextricably linked to a single person. Tesla Inc. would have a fraction of its market value without Elon Musk at its helm and the army of credulous investors who hang on his sci-fi prognostications. Other companies — Airbnb, Meta Platforms, Nvidia, Palantir, to name a few — remain linked to their founders, who seem to like it that way. Bezos selected his successor and stepped out of the way. On today's episode, hosts Carol Massar and Tim Stenovec speak with: See omnystudio.com/listener for privacy information.

Airlines are cutting uneconomic routes, revising forecasts, and building in buffers, effectively managing around volatility rather than eliminating it. That’s creating a downstream behavioral shift. Travelers, particularly at the premium end, are no longer optimizing for price or experience alone. They’re prioritizing predictability and control over their time, a dynamic that is beginning to reshape both commercial and private aviation. In private aviation, that shift is even more pronounced. Demand remains strong, but the real differentiator is no longer access, its execution, especially in constrained environments where the gap between scheduled and actual travel becomes most visible. Alan Walsh is the President of Sentient Jet. He speaks with Carol Massar and Tim Stenovec. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Jared Kushner, envoy for President Donald Trump, sends WhatsApp messages to royals across the Persian Gulf and has participated in investment meetings at his private equity firm, Affinity Partners. Affinity Partners manages billions of dollars for Qatar, Saudi Arabia, and the United Arab Emirates, which have agreed to pay Kushner's firm tens of millions of dollars in fees annually. Kushner's financial interests have created a fraught backdrop as Trump tries to put an end to the biggest foreign-policy crisis of his presidency, with critics saying his twin roles as diplomat and investor have blurred lines between public policy and private profit. On today's episode, hosts Carol Massar and Tim Stenovec speak with: See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Hosts Carol Massar and Tim Stenovec speak with Haley Sacks: Mrs. Dow Jones and author of 'Future Rich Person'. They discuss her work, personal finance tailored for Gen Z and how young people can build wealth. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. The latest reports from “Little St. Jeff’s,” the notorious Caribbean hideaway of Jeffrey Epstein, are startling. One recent visitor was allegedly hog-tied naked. Would-be interlopers on jet skis have been chased away. Another, apparently, was bound with duct tape and assaulted in the presence of police officers. Epstein has been dead for almost seven years, but this strange new drama is now playing out on what was once his private island — Little St. James in the US Virgin Islands. The new owner, distressed-debt billionaire and Black Diamond founder Stephen Deckoff, has been besieged by curiosity-seekers and voyeurs. On today's episode, hosts Carol Massar and Tim Stenovec speak with: See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Carol Massar and Tim Stenovec speak with Sherry Paul, managing director at Morgan Stanley Private Wealth Management and private wealth advisor, alongside Bloomberg News senior editor Claire Obusan on the difference between having money and having money authority as part of our 'Women, Money and Power' segment - charting the generational economic shift toward women. See omnystudio.com/listener for privacy information.