Jeff DiLullo, Chief Region Leader of Philips North America, examines the state of the health-technology business as tariffs pressure supply chains amid President Donald Trump's trade war. 

The multinational company has been in operation for more than 130 years and does business in more than 100 countries around the global. Philips recently reported earnings, and saw 1Q adjusted Ebita beat company-compiled consensus estimates by 15%.

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The White House said President Donald Trump had secured deals totaling more than $243.5 billion with Qatar, laying the groundwork for a bigger $1.2 trillion economic pledge with the tiny Gulf country.

“The landmark deals celebrated today will drive innovation and prosperity for generations, bolster American manufacturing and technological leadership, and put America on the path to a new Golden Age,” the White House said.
The announcement came on the second leg of Trump’s swing through the Middle East, a day after the president touted some $600 billion in investments by Saudi Arabia in US manufacturing, products and services. 

Trump has focused much of his energy on the trip in securing investment dollars, while praising Gulf states for seeking a deeper partnership with the US.

Trump’s take so far has fallen short of his ambitions for an even bigger haul; the president had floated the possibility of securing $1 trillion in investment pledges from Saudi companies and on Tuesday said the two nations would work toward that goal.
Earlier Wednesday, the White House announced that Qatar Airways had inked a $96 billion plan to acquire as many as 210 Boeing Co. 787 Dreamliner and 777X aircraft. The White House cast the buy as the largest-ever widebody order and the largest-ever for the 787s.

Today's show features:

• Bloomberg News Senior Reporter Jennifer Dlouhy
• Drive to the Close with Aaron Kennon, CEO at Clear Harbor Asset Management
• Dr. Justin Schwartz, Chancellor of the University of Colorado Boulder and Bloomberg News Higher Education Finance Reporter Janet Lorin

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Daniel Wagner, CEO of London-based Rezolve Ai, explains how his company uses artificial intelligence to improve and personalize the shopping experience across a variety of product categories.

Rezolve is among the first publicly traded, pure-play AI companies, featuring a proprietary Large Language Model specifically designed for the retail sector.

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Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump and Saudi Crown Prince Mohammed bin Salman touted a pledge for $1 trillion in commercial deals in Riyadh on Tuesday, a staggering figure that doesn’t quite stand up to scrutiny.

“With the help of the people of the Middle East, the people in this room, partners throughout the region, the golden age of the Middle East can proceed right alongside of us,” Trump said at a Saudi-US investment summit to announce the planned deals. “We will work together. We will be together. We will succeed together. We will win together, and we will always be friends.”

But the glitzy event — where top officials and corporate executives including billionaire Trump adviser Elon Musk and Nvidia Corp. CEO Jensen Huang sat in armchairs, serenaded by Trump’s typical rally soundtrack — sets up a test for the US president and Saudi crown prince, who have struggled at times to match their rhetoric with reality.

Both leaders claimed Saudi Arabia would invest $1 trillion in the US, but signage at the conference put the cumulative total of the deals as actually worth over $300 billion. Hours earlier, the White House cited a $600 billion investment. The discrepancy is significant: The $1 trillion figure roughly matches Saudi Arabia’s entire gross domestic product.

Today's show features:

• Gregg Roman, Executive Director of the Middle East Forum
• Bloomberg News Senior Editor & Crypto / Digital Payments Team Leader Mike Regan and Bloomberg News Investigations Reporter Anthony Cormier
• Karen Veraa-Perry. Managing Director and Head of iShares US Fixed Income Strategy at BlackRock
• Bloomberg News Investigations Reporter Rachel Adams Heard

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Peter Atwater, President of Financial Insyghts and Adjunct Lecturer of Economics at the College of William and Mary, discusses the broader financial and economic implications of President Donald Trump's trade war against Xi Jinping's China.

After two days of high-stakes talks in Switzerland, trade negotiators from the world’s biggest economies announced Monday a massive de-escalation in tariffs. In a carefully coordinated joint statement, the US slashed duties on Chinese products to 30% from 145% for a 90-day period, while Beijing dropped its levy on most goods to 10%.

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Wall Street’s bets that the US-China trade truce marked the end to an all-out tariff war drove the S&P 500 up over 3%, while sinking defensive corners of the market from bonds to gold and haven currencies. The dollar saw its best day since November.
The rebound in risk appetite and diminished expectations of a recession drove the stock benchmark above Donald Trump’s April 2 “Liberation Day” level.
A surge in big techs drove the Nasdaq 100 back into a bull market just a month after it plunged 20% from a previous record. Amid a potential reset in inflation expectations, Treasury yields climbed as traders lowered their Federal Reserve wagers to just two rate cuts in 2025.
For big investors shocked into defensive measures at the height of April’s chaos, the swift recovery in markets has been a mixed blessing. Shorting the dollar, going long stock volatility and piling on bets premised on multiple Fed rate cuts were among the most popular trades in mid-April. Each has taken severe lumps. Indeed, their unwinding may be adding fuel to the bounce-back.

The US and China will temporarily lower tariffs on each other’s products, buying the world’s two largest economies three months to work toward a broader agreement. Trump said China had agreed to remove non-tariff barriers to US imports as he announced a de-escalation of his trade war with Beijing, suggesting even greater concessions could be in store if talks progress.
Today's show features:

• Nancy Lazar, Chief Economist at Piper Sandler
• Doug Ciocca, CEO and Partner at Kavar Capital Partners
• Jay Inslee, former Governor of Washington

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Bitcoin crossed the $100,000 threshold for the first time since February last week, fueled by expectations for an easing of global trade tensions. Metafide CEO Frank Speiser joins to discuss the outlook for crypto amid broader market uncertainty.

Then, Ken Griffin's Citadel is putting its Florida lobbying muscle behind an effort to allow stricter non-compete clauses and garden leaves. Bloomberg News Florida correspondent Anna Kaiser joins to break down her reporting on Griffin's growing influence in Florida. 

Hosts: Matt Miller and Norah Mulinda
Producer: Justin Milliner

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NFL quarterback Boomer Esiason’s career high came just days before his son was diagnosed with cystic fibrosis (CF) – a genetic disease characterized by thick and sticky mucus that interferes with breathing, digestion and the body’s ability to fight infections. Esiason now dedicates his free time to raising awareness to fund the search for a cure. We explore how Vertex’s Chief Scientific Officer, Dr. David Altshuler, and the research team at Vertex have spent the last 20+ years researching the underlying cause of the disease – and their work is not yet finished. 

This episode of Targeting the Toughest Diseases is produced by Bloomberg Media Studios and Vertex Pharmaceuticals and is sponsored by Vertex Pharmaceuticals.

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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 X @carolmassar @timsteno and @BW

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Airlines and US aviation officials plan to meet on further flight cutbacks at Newark airport following multiple breakdowns in radar systems, according to people familiar with the matter. 

The plan currently under consideration would encourage carriers to voluntarily decrease the number of flights for a limited period at the transportation hub outside New York City, said the people, who asked not to be identified discussing private deliberations. The Department of Transportation is expected to schedule discussions with airline leaders in the coming weeks, one of the people said.
The urgency for such a meeting was underscored Friday by a second incident in which air traffic controllers guiding planes in and out of Newark Liberty International Airport briefly lost communications and radar displays. It follows a similar breakdown on April 28. Neither resulted in injuries or accidents.
Today's show features:

• George Ferguson, Bloomberg Intelligence senior aerospace, defense & airlines analyst
• Erik Wasson, Bloomberg News congressional reporter on Trump Cautions GOP on Tax Hike for Rich, But He’s ‘OK’ With It and SALT Republicans Have to Accept ‘Unhappy’ Deal, GOP Chair Warns
• Nina Trentmann, Bloomberg News senior editor & Procore CFO Howard Fu on his company's outlook and his perspective on how tariffs could impact construction
• Chris Palmeri, Bloomberg News entertainment reporter & Andrew Silverman, Bloomberg Intelligence Government analyst on Trump Plans 100% Levy on Foreign Films, Deepening Trade War and how film tariffs would actually function

Hosts: Matt Miller and Norah Mulinda

Producer: Justin Milliner

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