Bloomberg Businessweek

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

SpaceX has won a contract for more than $4 billion to build satellites to track foreign aircraft and missiles as part of President Donald Trump’s Golden Dome defensive shield.
The space-based tracking network integrates space sensors, communication systems and AI-enabled ground processing to look and alert for airborne threats from orbit, according to a US Space Force statement Friday. The US had been using ground-based sensors and military aircraft to monitor the skies, but placing detection capabilities in space could eliminate potential blind spots, the Space Force said.

The $4.16 billion award underscores SpaceX’s deepening ties to the Pentagon and its close involvement with Golden Dome, which is intended to protect the US from attacks through layered defense systems ranging from Earth to space. SpaceX is already under contract to develop prototypes of space-based interceptors for the project and is part of a multi-company software consortium building the operating layer underpinning Golden Dome, Bloomberg has reported.

On this episode, guest host Christina Ruffini and Tim Stenovec speak with:

• Sana Pashankar, Bloomberg Space Reporter
• Zack Gharib, President, Red Roof on expansion into Canada, consumer trends and travel behavior
• Woo Jin Ho, Bloomberg Intelligence Senior Hardware and Networking Analyst on On Dell Soars Most in Two Years on Outlook Fueled by AI Servers
• Dr. Amesh Adalja, Johns Hopkins Center for Health Security Bloomberg School of Public Health Senior Scholar on Ebola latest/health news roundup
• Deborah Harpur, Founder and CEO, FanClub AI on FanClub AI, a new venture building rights infrastructure for the generative AI era

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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.

Food is an essential part of every workday; it brings employees together to connect and enables collaboration. But it's often unmanaged, with multiple vendors, decentralized spend, and no single owner. 92% of employers say that providing food makes employees more productive, and 86% of hybrid employers say food encourages employees to work onsite. ezCater is a workplace food tech platform that connects organizations of all sizes and industries with over 125,000 restaurants nationwide to make food easy to order, manage, and scale.

For more, guest hosts Matt Miller and Alexis Christophorous spoke with Nihad Rahman, CEO of ezCater.

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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.

Apple Inc.’s much-anticipated Siri overhaul is set to become the centerpiece of its next iPhone, iPad and Mac software updates — and Bloomberg News is offering the first peek at what the new digital assistant will look like.

Illustrations created by Bloomberg show the revamped Siri interface, a new chatbot-style app and other major iOS 27 changes that the company plans to announce at its June 8 Worldwide Developers Conference. The images are based on information viewed by Bloomberg and people with knowledge of the company’s plans who asked not to be identified because the software isn’t yet public.

An Apple spokesperson declined to comment. The company often tests multiple designs of features internally, and the final version set to be introduced to the public in June could differ.

On this episode, guest hosts Matt Miller and Alexis Christophorous speak with:

• Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech
• Jay Chaudhry, Founder & CEO, Zscaler on Zscaler Sinks as Revenue Forecast Misses Estimates
• Kevin Tynan, Director of Research at The Presidio Group on Ferrari CEO Says First EV Racks Up Orders Despite Criticism
• Albert Douer, UBQ Chairman and CEO on UBQ's plastic alternatives products and filling the void amid Iran/supply chain ripples

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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 Man Who Stole the Gods uncovers the global conspiracy behind the decades-long looting of Cambodia's sacred heritage following the devastation of the Khmer Rouge genocide. At the center o the empire sits Douglas Latchford, a charismatic British expatriate who spend a lifetime masquerading as a passionate scholar while secretly masterminding a multi-million dollar antiquities trafficking ring.
For more, Tim Stenovec and guest host Christina Ruffini speak with Matthew Campbell, Bloomberg Businessweek Reporter.

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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.

When global equities are offering such meaty returns, betting on the broader markets will pay off better than a quest for individual winners.

South Korea’s SK Hynix on Wednesday became just the third Asian company to join club of companies with a market capitalization of $1 trillion. That is a coveted distinction considering that even the Nasdaq 100 boasts only 10 companies that are part of the group.
One day earlier, Micron has experienced a significant market surge, surpassing a $1 trillion valuation driven by robust demand in the artificial intelligence sector. Despite this, the company remains undervalued, trading at under 10 times forward earnings.

On this episode, guest host Christina Ruffini and Tim speak with:

• Ian King, Bloomberg News US Semiconductor Reporter
• Brieane Olson, PacSun CEO on new book 'Co-Created: The Cultural Strategy That Redefined Pacsun' and her turnaround of the company
• Kelsey Berro, JPMorgan Asset Management Global Fixed Income, Currency and Commodities (GFICC) Portfolio Manager

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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 unveiling of the $640,000 Ferrari Luce drew largely negative reactions from industry analysts and social media influencers alike, who compared the four-door, five seater’s design to mass-market EVs. For the Luce, Ferrari moved away from the style associated with design chief Flavio Manzoni and tapped Apple Inc.’s former head of design, Jony Ive, to shape the vehicle.

For more, Tim Stenovec and Alex Semenova speak with Hannah Elliott, Bloomberg Pursuits Staff Writer and Car Critic AND Co-Host of the 'Hot Pursuit' Podcast

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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 K-shaped economy has frozen homeowners in place, as middle-income buyers can afford only 21% of homes on the market (down from 50% pre-pandemic). Homeowners are sitting on historic 3% to 4% mortgages that they absolutely refuse to surrender. Because inventory is virtually nonexistent, moving simply isn't an option for most. Since they can't move, we see them choosing to reinvest in their current homes instead. They can't buy up. They can't move. So they're renovating. 
On this episode, Alex Semenova and Tim speak with:

• Mike Petrakis, Founder and CEO of PowerPay AND Philip Brenckle, West Shore Home CFO on The K-shaped economy has frozen homeowners in place
• Madison Muller, Bloomberg News US Health Care Reporter On Lilly to Buy Three Vaccine Developers for Up to $3.8 Billion AND Ebola Vaccine From Oxford Covid Team Nears Production for Trials
• Peter Atwater, President, Financial Insyghts on his latest: how we went from a K-Shaped Recovery to a full-blown K-Shaped American Experience
• Dr. Michael Swanson, Chief Agriculture Economist, Wells Fargo Agri-Food Institute on agriculture prices, prices in the grocery aisle

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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.

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.

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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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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:

• Matthew Boyle, Bloomberg News Senior Reporter, Work and Management on CEOs Drop Warm and Fuzzy in 'Ruthless' Push to Squeeze Workers
• Nakul Duggal, Head of Qualcomm's Automotive, Robotics and IoT Businesses on Qualcomm and Stellantis announced a partnership to enable automated driving on millions of Stellantis vehicles using Qualcomm Technologies’ Snapdragon Ride Pilot system 
•  Stew Leonard Jr., Stew Leonard's President & CEO on Memorial Day grilling/grocery costs

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