Bloomberg Businessweek

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European diplomats warned the Kremlin this week that NATO is ready to respond to further violations of its airspace with full force, including by shooting down Russian planes, according to officials familiar with the exchange.

At a tense meeting in Moscow, British, French and German envoys addressed their concerns about an incursion by three MiG-31 fighter jets over Estonia last week, according to the officials, who spoke on condition of anonymity as the talks took place behind closed doors. Following the conversation, they concluded that the violation had been a deliberate tactic ordered by Russian commanders.

Russian officials have denied their planes crossed into Estonian airspace and insisted that they are not trying to test NATO. They said that a separate incident when drones crossed into Poland was the result of an error. Kremlin spokesman Dmitry Peskov this week said Russian military flights are guided by international rules.

NATO’s eastern members have faced a series of violations this month that have posed an unprecedented test of the alliance’s resolve at a moment when Vladimir Putin is stepping up Russian attacks on Ukraine’s civilian infrastructure and US backing for Kyiv is wavering.
President Donald Trump this week urged Ukraine to win back all the territory captured by Russia “with the support of the European Union” and defined the US role as selling weapons that allies could ship to the battlefield.

Today's show features:

• Bloomberg Economics Defense Lead Becca Wasser on NATO’s plans to respond to incursions from Russian aircraft
• Cristiano Amon, CEO and President of Qualcomm, and Bloomberg Tech Co-Host Ed Ludlow, on the global semiconductor business and supply chain
• Rob O’Hare, Chief Financial Officer of Affirm, and Bloomberg News Senior Editor Nina Trentmann, on the health of the US consumer and how US monetary policy affects business
• Bloomberg Intelligence Global Equity Strategist Gillian Wolff, discussing the Thursday trade

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Three years ago, before artificial intelligence became part of the national consciousness, American University's Kogod School of Business embarked on a program to change its curriculum and infuse AI throughout its undergraduate and graduate courses. More than 90% of the faculty are now infusing AI into their classes, while every student gets a Perplexity Enterprise account when they being their studies at Kogod.
David Marchick, the Dean of American's B-School, discusses the growing role of artificial intelligence in high education. Dean Marchick speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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

Intel Corp. has approached Apple Inc. about securing an investment in the ailing chipmaker, according to people familiar with the matter, part of efforts to bolster a business that’s now partially owned by the US government.

Apple and Intel also have discussed how to work more closely together, said the people, who asked to not be identified because the deliberations are private. The talks have been early-stage and may not lead to an agreement, the people said.

Such a deal would follow a $5 billion investment last week by Nvidia Corp., which plans to work with Intel on chips for personal computers and data centers. SoftBank Group Corp., the Japanese tech giant seeking to expand further in the US, announced a $2 billion investment in Intel last month.

Intel also has reached out to other companies about possible investments and partnerships, the people said.

Today's show features:

• Bloomberg News Deals Reporter Ryan Gould
• Chris Nicholas, President and CEO of Sam’s Club, on the impact of tariffs for the wholesaler and the health of the company’s supply chains
• Lane Dilg, Former Head of Strategic Partnerships, Global Affairs, at OpenAI, on the company’s massive data center buildout and various partnerships
• Lori Kerr, Chief Executive Officer of FinDev Canada, on the ripple effects of the USAID rollback on Canadian development

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France recognized Palestine as an independent state and, along with Saudi Arabia at a United Nations conference led by the two countries, called on Israel to end the war in Gaza immediately.

“One solution exists to break the cycle of war and destruction: acknowledging each other,” French President Emmanuel Macron said on Monday. “We must recognize that Palestinians and Israelis are living in twin solitude.”

Saudi Foreign Minister Faisal bin Farhan, reading out a message from Crown Prince Mohammed bin Salman, who wasn’t in New York, echoed those comments.

For her insight into the conflict with the UN General Assembly in the backdrop, hosts Carol Massar and Tim Stenovec speak with Mona Yacoubian, Director and Senior Adviser, Middle East Program at the Center for Strategic and International Studies.

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

President Donald Trump said NATO nations should shoot down Russian aircraft that violated their airspace and struck a more sympathetic tone on Ukraine’s chances of winning the war.

He spoke as he met with Ukrainian President Volodymyr Zelenskiy following recent jet incursions that have alarmed allies.“Yes, I do,” Trump said when asked directly by a reporter if NATO allies should take down Russian aircraft during his meeting on the sidelines of the United Nations General Assembly in New York on Tuesday.

In a subsequent social media post, Trump said he believed that Ukraine, with the support of the European Union, was positioned not only to fight back but to reclaim all the territory taken by Russia since its invasion in 2022 — and perhaps more.

“Putin and Russia are in BIG Economic trouble, and this is the time for Ukraine to act. In any event, I wish both Countries well. We will continue to supply weapons to NATO for NATO to do what they want with them. Good luck to all!” Trump said.
Today's show features:

• Michelle Jamrisko, Bloomberg White House and National Security Editor
• Josh Wingrove, Bloomberg Senior White House reporter
• Jennifer Ewbank, Founder of Andaman Strategic Advisors
• Bloomberg News Health Reporter Jessica Nix & Dr. Todd Ivey, and Associate Professor at Baylor College of Medicine & a fellow in the American College of Obstetricians and Gynecologists

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Anger over rising energy costs will eventually force states to allow more natural gas infrastructure to be built in the US, according to one of the nation’s largest producers of the fuel.
“We’ve never produced more energy than we’re producing now, but Americans’ energy bills are up over 35%,” EQT Corp. Chief Executive Officer Toby Rice said Thursday at BloombergNEF’s Barrel of Tomorrow in the Age of AI summit in Houston. “That’s the catalyst that’s going to get people asking questions.”
Rice and other panelists including Chris James, founder and chief investment officer of investment firm Engine No. 1 LP, and Cynthia Hansen, head of gas transmission and midstream at Enbridge Inc., see developing more infrastructure, particularly natural gas, as the way to bring down utility bills as well as meet demand from data centers supporting artificial intelligence. Rice, the head of the $31 billion natural gas supplier, discusses the opportunities and challenges within his industry with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Walt Disney Co. said Jimmy Kimmel Live! will return to the air on Tuesday, ending a suspension imposed following controversial remarks the ABC late-night host made about the assassination of Republican activist Charlie Kirk.
“We have spent the last days having thoughtful conversations with Jimmy, and after those conversations, we reached the decision to return the show on Tuesday,” Disney said in a statement.
Kimmel will address the controversy when he returns to the stage, according to people with knowledge of the matter who asked not to be identified. He personally negotiated his return with Disney Chief Executive Officer Bob Iger and Dana Walden, who oversees ABC as co-chair of entertainment at the company.
The network pulled the show on Sept. 17, two days after Kimmel, 57, said conservatives were trying to score political points from the killing.
Today's show features:

• Bloomberg News Senior Editor Chris Palmeri
• Bloomberg News Technology Reporter Alexanda Levine on the latest developments as the US pursues a deal for TikTok
• Barbara Humpton, CEO of Siemens USA, on leveraging AI on factory floors, in power grids, and across critical infrastructure
• Paisley Nardini, Managing Director and Head of Multi-Asset Solutions at Simplify Asset Management, on the markets and investment strategies

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Octopus Energy Group Ltd. plans to spin off Kraken Technologies Ltd., a software platform that helps utilities manage the transition to cleaner energy. Kraken has been key to Octopus Energy’s growth into the UK’s largest electricity supplier, leapfrogging industry incumbents to serve more than 7 million customers in the country. The software allows it to balance out power flows to households as energy-transition technologies like electric vehicles, home batteries, solar panels and heat pumps become more widespread.

Amir Orad, the CEO of Kraken, discusses the particulars of the spinoff and why he feels it's important for nations to have a diverse mix of energy sources and providers. Amir speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Kindbody was once one of the fastest-growing fertility chains in the US. The venture-backed company cultivated a modern and millennial-friendly aesthetic that helped it attract more than $300 million in investments, including backing from celebrity investors like Gwyneth Paltrow and Chelsea Clinton. But Kindbody has been riddled with clinical problems, with embryos being mislabeled, lost or accidentally destroyed, and has spiraled into crisis. As more people seek fertility treatment than ever, the startup's story illustrates the dangers of moving fast in a largely unregulated industry. 

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President Trump's efforts to redefine federal relations with higher education have major implications for how the US funds research. From his 50-year tenure as President of Bard, Leon Botstein brings a broader perspective to what he believes is at stake for the country. He speaks with David Westin on this special bonus edition of the Bloomberg Wall Street Week podcast. 

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