Bloomberg Businessweek

Capitalism For All: Inclusive Economics and the Future-Proofing of America by John Hope Bryant presents a revolutionary framework for rebuilding American prosperity through economic inclusion rather than division. As the founder and CEO of Operation HOPE, America's first non-profit social investment banking organization, and a former vice-chairman of the President's Advisory Council on Financial Literacy, Bryant brings decades of frontline experience empowering underserved communities. This book addresses America's growing economic inequality and social fragmentation by demonstrating how inclusive capitalism – not exclusionary policies – can restore the middle class, revitalize the American Dream, and maintain our position as the world's leading economy.

John Hope Bryant joins Bloomberg Businessweek to discuss how expanding rather than contracting our middle class strengthens national security and economic competitiveness and how inclusive economics positions America as a beacon of opportunity and strengthens our international influence.

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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.

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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.

Attorney General Pam Bondi is leaving her post as head of the US Justice Department, ending a tumultuous tenure as the nation’s top law enforcement official after some high-profile stumbling blocks in her efforts to carry out President Donald Trump’s agenda.

“We love Pam, and she will be transitioning to a much needed and important new job in the private sector, to be announced at a date in the near future, and our Deputy Attorney General, and a very talented and respected Legal Mind, Todd Blanche, will step in to serve as Acting Attorney General,” Trump said in a post on Truth Social.

In choosing Blanche to serve as acting attorney general, Trump has elevated another one of his former defense lawyers to be the nation’s chief law enforcement officer.
Blanche served as Trump’s defense attorney in criminal cases relating to the 2020 election, his handling of classified documents and alleged hush-money payments.

Blanche can serve in the acting role for 210 days under a federal law for filling vacancies while the Senate considers whoever Trump nominates to be confirmed as attorney general.
The president has discussed Environmental Protection Agency Administrator Lee Zeldin as a potential replacement for Bondi, according to people familiar with the matter.

Today's show features:

• Jeff Mason Bloomberg News Washington and White House Correspondent & Matthew Seligman, Grayhawk Law Founder
• Ira Jersey, Bloomberg Intelligence Chief US Interest Rate Strategist and Robert Tipp, PGIM Fixed Income Managing Director, Chief Investment Strategist, and Head of Global Bonds 
• Olivia Fishlow, Bloomberg News Leveraged Finance Reporter and James Crombie, Bloomberg News Senior Editor for Credit on latest in private credit sector
• Jessica Rosenworcel, Executive Director of the MIT Media Lab and former Chair of the FCC

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Firms lobby public institutions even when associations they are members of are lobbying those same institutions. This is what we conceptualize as ‘parallel lobbying’. Firms engage in parallel lobbying to monitor associations they are members of, reinforce the message delivered by the associations, provide additional or nuanced information that goes beyond the lowest common denominator, or even to break ranks from the collective position and signal a different message to the one provided by the association. Regardless of what the rationale behind these parallel meetings is, this article intends to bring new light into this phenomenon by examining the extent to which parallel lobbying occurs at the EU level and, more importantly, unveiling what firm – and association-level characteristics explain why firms exercise parallel lobbying.

Angel Saz, Professor at Ramon Lulull University and Director of EsadeGeo – Centre for Global Economy and Geopolitics, a leading B-school in Spain, discusses his work in parallel lobbying and how it is playing out in the world of global business. He speaks with Bloomberg's Carol Massar, Tim Stenovec, and Bloomberg Businessweek Senior Editor Dimitra Kessenide

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President Donald Trump said the war in Iran is “very close” to completion, even as he signaled strikes could escalate in the near term.  

Trump in a rare prime-time address on Wednesday cast the war as a success, saying the operation had nearly achieved its military goals, including destroying Iranian ballistic missiles and drones, air force, navy and industrial base. He said those steps would prevent Tehran’s proxies from destabilizing the region and cut off the country’s path to nuclear weapons.

“Tonight I’m pleased to say that these core strategic objectives are nearing completion,” Trump said from the White House in a roughly 20-minute speech. “We are going to finish the job. and we’re going to finish it very fast, we’re getting very close.”
The speech came as the president is grasping for an off-ramp in a conflict that has quickly slipped out of control. 

For instant reaction and analysis, Bloomberg Radio host Doug Krizner speaks with Bloomberg This Weekend co-host Christina Ruffini and Bloomberg White House and Washington correspondent Jeff Mason.

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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.

NASA astronauts are poised to lift off Wednesday on a 10-day journey that will slingshot them around the moon, marking humanity’s return to the lunar vicinity for the first time in more than half a century.

The crew’s Lockheed Martin Corp.-built Orion capsule, perched atop the Boeing Co.-made Space Launch System rocket, is set to launch at 6:24 p.m. local time from Kennedy Space Center in Florida.

The mission is a crucial, in-space dress rehearsal for the long-delayed SLS rocket and Orion capsule, and marks the biggest milestone yet in NASA’s multi-year Artemis campaign to land humans on the moon as soon as 2028. If the mission launches on schedule, the four-person crew will travel farther in space than anyone in history.

President Donald Trump’s NASA administrator, Jared Isaacman, and former astronaut and US Senator Mark Kelly attended the send-off.Earlier, European Space Agency Director General Josef Aschbacher joined other NASA officials, lawmakers and industry executives walking the press site, conducting interviews. TV outlets set up white tents on the lawn outside to capture the giant SLS rocket standing a few miles away.
Today's show features:

• Ed Ludlow, Bloomberg Tech Co-Host on NASA's Artemis II Launch
• Rebecca Homkes, Lecturer at the London Business School and Faculty at Duke Corporate Executive Education
• Andrew Szczurowski, Morgan Stanley Investment Management Strategic Income Portfolio Manager
• Ben Gagnon, Bitfarms CEO on Bitfarms Officially Rebrands as Keel Infrastructure; Completes U.S. Redomiciliation

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More and more Americans are turning to consumer AI platforms for medical information. Until now, those educational conversations with AI have taken place outside of the healthcare system. Without access to the user’s private and secure medical information, educational information provided by the AI tool may not be as meaningful to the user. Today, Harford HealthCare and K Health announced the launch of PatientGPT, the nation’s first AI system with the ability to securely access the user’s medical record. PatientGPT, accessible right within the Hartford HealthCare patient portal and app, is rolling out as a beta version for a limited number of patients to try.

Jeff Flaks is the President and Chief Executive Officer of Hartford HealthCare, a $7.0-billion enterprise that cares for more than 27,000 people daily. Allon Block co-founded K Health after being inspired by his own frustration with the U.S. healthcare system to build a better solution. They speak with Bloomberg's Carol Massar and Tim Stenovec.

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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.

US President Donald Trump called on other nations to wrest control of the Strait of Hormuz as Iran maintained missile fire across the Persian Gulf, expressing his frustration that the monthlong war remains unresolved.

Countries that can’t get energy supplies due to the effective closure of the vital waterway should “go to the Strait and just TAKE IT,” Trump said in a social-media post on Tuesday.“You’ll have to start learning how to fight for yourself” as the US “won’t be there to help you anymore,” he added, the latest sign he’s looking to exit a conflict that’s triggered a surge in oil and gas prices and stoked fears of a global economic crisis. “Go get your own oil!” he added.

Stocks climbed and oil prices fell on hopes that both US and Iran might be looking for a way out of the war. WTI Crude was trading around $101 a barrel, travel stocks climbed and the S&P Energy Index turned negative, giving up an earlier gain of as much as 1.4%.

Those moves came after Iran’s state news agency reported a phone call between European Union Council President Antonio Costa and President Masoud Pezeskhian, who said the Islamic Republic has “the necessary will to end this war,” but only with guarantees “to prevent the recurrence of aggression.” It wasn’t immediately clear if his comments represent a change in Tehran’s position.
Tehran kept up strikes on Israel and countries around the Persian Gulf, including the United Arab Emirates and Saudi Arabia, with one attack hitting a large Kuwaiti oil tanker off the coast of Dubai. That was one of the most significant assaults on shipping since the US and Israel began bombarding the Islamic Republic on Feb. 28.

Today's show features:

• Jennifer Welch, Bloomberg Economics Chief Geoeconomics analyst on state of ongoing Iran negotiations as Trump calls on allies to seize Hormuz as frustration mounts
• Peter Atwater, Financial Insyghts President & Adjunct Lecturer of Economics at the College William & Mary on K-Shaped economy amid Iran shocks
• Loren Grush, BN Space Reporter on Artemis II launch
• Stew Leonard Jr., Stew Leonard's President & CEO on consumer pressures in the grocery aisle amid Iran, pricier Easter & Passover tables

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Mandy Oser is the owner of Ardesia in Hell’s Kitchen, a neighborhood wine bar she opened in the Fall of 2009 as a place where both those with a deeper knowledge of wine as well as novices can find a selection that will satisfy. She discusses the wine industry, how many are male dominated but highlighting women wineries owned and made by woman. And the increase of wine sales this month.

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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 White House threatened further escalation of attacks on Iran, including critical civilian energy infrastructure, as the fifth week of war jolts global markets with little sign of relief.

President Donald Trump earlier on Monday posted on social media that if Tehran doesn’t re-open the Strait of Hormuz, “we will conclude our lovely ‘stay’ in Iran by blowing up and completely obliterating” electricity plants, oil facilities and “possibly” desalination infrastructure.

Trump has regularly vacillated between saying a deal with Iran is imminent and warning he’s prepared to increase the military tempo. The threat to water facilities would constitute a war crime as defined by the Geneva Conventions. White House Press Secretary Karoline Leavitt said the US is “conducting more intense, targeted strikes with devastating combat power with each passing day” and the US operations are proceeding “according to plan,” even as she echoed the president in saying talks are on track. The administration hasn’t identified which Iranian officials it’s dealing with, directly or indirectly.

Despite the mystery surrounding peace talks, Leavitt said the Iranians were “increasingly eager” to negotiate and agreed to “some of the points” that the US has put forward to end the conflict. Iran has consistently said peace talks aren’t progressing and has signaled it can carry on fighting for much longer.

Today's show features:

• Maj. Gen. Mastin Robeson, Academy Securities
• Florian Ielpo, Head of Macro at Lombard Odier Investment
• James Walker, CEO of NANO Nuclear
• Drive to the Close with Rob Haworth, Senior Investment Strategy Director at US Bank Asset Management

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