Bloomberg Businessweek

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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Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
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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Matt Atkenson, Ford Pro executive director for North American sales discusses the outlook for Ford's commercial fleet arm amid trade and tariff uncertainty and after Ford held back full year guidance. He speaks with Tim Stenovec.

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

 Cardinal Robert Francis Prevost was elected as Roman Catholic pontiff, the first ever pope from the US and a possible bridge between the moderate and hardline sides of the Church. Prevost, 69, chose the name of Leo XIV for his pontificate and was greeted by thousands of cheering faithful as he stepped out onto a balcony overlooking St. Peter’s Square to be presented to the world. 

“May peace be with you,” the new pope told a cheering crowd waving flags. 

The new pope inherits from his predecessor Pope Francis a church that is facing internal strife between progressives and conservatives over matters such as divorce and LGBTQ+ issues, while trying to navigate geopolitical tensions. 

On this episode, hear from: 

• Professor Natalia Imperatori-Lee of Manhattan University on the selection of a new Pope
• Bloomberg News UK Government reporter Joe Mayes & Bloomberg Economics US Economist Stuart Paul on the US-UK trade deal framework 

Plus, hear highlights from Carol Massar's live remote broadcast from the Principal Real Estate Conference & Advisory Committee in Arizona 

• Rich Hill, Senior Managing Director, Global Head of Real Estate Research & Strategy Principal Asset Management 
• Kamal Bhatia, President & CEO, Principal Asset Management 

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Dr. Patrick Ngugi Njoroge, former governor of the Central Bank of Kenya speaks with hosts Carol Massar and Romaine Bostick live from the 28th annual Milken Institute Global Conference

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The 28th annual Milken Institute Global Conference will, in the organization’s own words, “unite our catalytic community to tackle challenges and seize the opportunity to collectively shape our shared future.” The conference aims to tackle our world’s most pressing issues from climate change to geopolitical hotspots to AI complexities, examining impact on markets and workers globally.  

On this special edition of the Bloomberg Businessweek Daily podcast, hear some of the top conversations from our second day at Milken, with hosts Carol Massar and Romaine Bostick live from the conference. 

On this episode, we hear from: 

• BlackRock head of Macro Credit Research Amanda Lynam 
• Carlyle Global head of research Jason Thomas 
• Guggenheim Partners Co-president Dina Dilorenzo 
• PIMCO Mng Dir/President/Global Head of credit research Christian Stracke

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Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.

Federal Reserve Chair Jerome Powell said officials are not in a hurry to adjust interest rates, adding tariffs could lead to higher inflation and unemployment. “If the large increases in tariffs that have been announced or sustained, they’re likely to generate a rise in inflation, a slowdown in economic growth and an increase in unemployment,” Powell said Wednesday at the conclusion of a two-day meeting in Washington. “The effects on inflation could be short lived, reflecting a one time shift in the price level,” he said. But it’s “also possible that the inflationary effects could instead be more persistent.”

Officials voted unanimously to keep the benchmark federal funds rate in a range of 4.25% to 4.5%, where it has been since December. In a statement, policymakers said they see a growing risk of both higher inflation and rising unemployment. “Uncertainty about the economic outlook has increased further,” the Federal Open Market Committee said in a statement. They added, “the risks of higher unemployment and higher inflation have risen.”

The S&P 500 index of US stocks and Treasury yields fell following the announcement, while the dollar pared gains.

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Artemeter founder and CEO Olivia Albrecht discusses her firm and the intersection of climate science, capital markets and product innovation. She speaks with Carol Massar and Romaine Bostick from the 28th annual Milken Institute Global Conference in Beverly Hills 

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