Bloomberg Businessweek

Blackstone Life Sciences, which has some $17 billion in assets under management, typically invests in late-stage medicines invented by biotech and pharmaceutical companies in exchange for a royalty on future sales. In 2024, for example, the firm invested as much as $750 million in financing for Moderna’s flu vaccine development.

But Blackstone also wants to own a stake in some companies that it backs.
In late March, Blackstone closed its latest life-sciences fund with $6.3 billion of commitments, the firm’s biggest haul for backing clinical trials of medicines and technologies. 

Dr. Jenny Rooke is Founder and Managing Director of Genoa Ventures. She discusses the cross between tech and health with Carol Massar and Tim Stenovec.

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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.

Bloomberg Businessweek visited Three Mile Island and went inside the training facility preparing for the the plant to come back online as soon as mid-2027. Thanks to a long-term agreement signed by Microsoft Corp. and Constellation Energy Corp. in September 2024, the energy from the plant will power chatbots and other artificial intelligence applications. 

All this under a new and baggage-free name: the Crane Clean Energy Center. The agreement commits Microsoft to buying all the electricity produced by the site’s remaining functional 835-megawatt reactor for 20 years.

Today's show features:

• Will Wade, Bloomberg Energy Reporter on how Microsoft's vast power demands are bringing together two transformative—and risky—technologies
• Christel Rendu de Lint, co-CEO at Vontobel
• Daniel Barcelo, Chairman and CEO at T1 Energy on state of energy industry
• Michael Gross, SLR Capital Partners Co-Founder and James Crombie, Bloomberg Senior Editor for Credit on state of Private Credit
• Meenakshi Lala, CEO at UrbanStems

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While today's devices put the world’s information at our fingertips, they do not help us with some of the cognitive skills that are arguably more important to leading a successful life. Combining psychology, artificial intelligence, human computer interaction and neuroscience, the Fluid Interfaces group designs, develops and tests systems and experiences for supporting motivation, attention, memory, learning, creativity, critical thinking, reasoning, communication, sleep quality and emotion regulation.
Dr. Pattie Maes is Professor of Media Arts & Sciences AND Head of Fluid Interfaces Group at the MIT Media Lab. She discusses the intersection between human psychology and large language models.

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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.
Elanco Animal Health recently reported upbeat results showing market gains against their key rival in the animal health space, Zoetis. Hosts Carol and Tim speak with Elanco president and CEO Jeff Simmons about the company's earnings and how the animal health industry could serve as a bellwether for consumer health.
Today's show features:

• Jeff Simmons, President and CEO at Elanco Animal Health
• Gal Krubiner, co-founder and CEO at Pagaya Technologies
• Revathi Advaithi, CEO of Flex on Earnings, Spinoff Announcement

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Cathie Wood, Founder, CEO and CIO of Ark Invest speaks on the latest ventures with Elon Musk, her thoughts on SpaceX's upcoming IPO, and plans to spend $120 billion to build world's biggest chip plant. 

She speaks with Carol Massar and Bloomberg Balance of Power co-host Joe Mathieu at the 29th Annual Milken Institute Global Conference in Beverly Hills.

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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. 

Bloomberg Washington Correspondent Joe Mathieu and Bloomberg Businessweek Daily co-host Carol Massar broadcast live from the 29th annual Milken Institute Global Conference in Beverly Hills, California. 

On today's show, Joe and Carol speak with: 

Fmr. Rep. Ted Deutch, CEO of the American Jewish Committee  
Breezy Johnson, US Olympic Gold Medalist Alpine Ski Racer & Trisha Worthington, Chief Revenue and Philanthropic Officer for US Ski & Snowboard
Dr. Mehmet Oz, administrator of the Centers for Medicare & Medicaid Services
Ben Kennedy, NASCAR EVP & Chief Venue & Racing Innovation Officer & Jeff Gordon, NASCAR Hall of Famer/Hendrick Motorsports Vice Chairman

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Bloomberg Washington Correspondent Joe Mathieu and Bloomberg Businessweek Daily co-host Carol Massar broadcast live from the 29th annual Milken Institute Global Conference in Beverly Hills, California.

 On today's show, Joe and Carol speak with:

• Steve Mnuchin, Liberty Strategic Capital, Founder and Managing Partner, Former Treasury Secretary under President Trump
• Amos Hochstein, Former Middle East Senior Advisor to President Biden
• Denise Leonhard, chief of Zelle
• Maria Korsnick, Nuclear Energy Institute CEO  
• Suzanne Clark, US Chamber of Commerce President
• Bridgit Mendler, Co-founder and CEO, Northwood

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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. 

Bloomberg Washington Correspondent Joe Mathieu and Bloomberg Businessweek Daily co-host Carol Massar broadcast live from the 29th annual Milken Institute Global Conference in Beverly Hills, California.

On today's show, Joe and Carol speak with: 

• Ian Bremmer, CEO at Eurasia Group
• Bill Ackman, Pershing Square CEO 
• John Denton, International Chamber of Commerce Secretary General
• Senator Angela Alsobrooks (D-MD)

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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.

Swamy Kotagiri, chief executive officer of auto supplier Magna International, joins hosts Carol Massar and Tim Stenovec to discuss his company's earnings and to talk about the state of the auto sector and growing demand for EVs.

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