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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, discusses top tech stories. Microsoft Corp. and Nvidia Corp. are committing to invest up to a combined $15 billion in Anthropic PBC, in a move that ties the AI developer closer to two of the biggest backers for its rival OpenAI. 

-Drew Reading, Bloomberg Intelligence U.S Homebuilding Analyst, recaps Home Depot earnings. Home Depot cut its full-year earnings guidance, warning that some unsteady consumers are hitting the pause button on big-ticket home purchases. The company expects adjusted earnings per share to decline from a year ago, citing the overall weakness in the housing market and a lack of storms that hampered demand in certain categories.

-Matt Henriksson, Bloomberg Intelligence Senior Medtech Analyst, recaps Medtronic earnings. The medical device maker lifted the bottom end of its range for adjusted profit forecast for the year. The company also boosted its organic revenue outlook following better-than-expected results in the second quarter. 

-Abigail Gilmartin, Bloomberg Intelligence Athleisure and Footwear Analyst, recaps Amer Sports earnings. Amer Sports Inc. raised its full-year guidance for the third time this year after strong demand for its Salomon footwear drove quarterly sales to a record. Sales growth at the group’s two other units — including the Technical Apparel segment and the Ball & Racquet Sports unit — also surpassed expectations. As a result, overall group sales also hit a new high.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

- Michael Shah, Bloomberg Intelligence Senior Pharma-Biotech Analyst, discusses Novo Nordisk undercutting Eli Lilly & Co. on obesity drugs for cash-pay patients, with introductory doses of Wegovy and Ozempic available for $199 a month. After the first two months, Novo will offer the drugs for $349 a month, 30% less than the current self-pay price, matching Lilly’s price for a low dose of Zepbound.

-- Liana Baker, Bloomberg News Managing Editor for Deals, discusses  Clayton Dubilier & Rice agreeing to buy Sealed Air Corp. in a deal valuing the packaging company that invented Bubble Wrap at $6.2 billion. The private equity firm will pay $42.15 a share for Charlotte, North Carolina-based Sealed Air, according to a statement Monday. That’s slightly below Friday’s closing price of $43.28 a share, after reports that CD&R was weighing a takeover. 

-Mary Ross Gilbert, Bloomberg Intelligence, Senior Equity Analyst, Covering Retail, discusses why Ralph Lauren, Gap, Macy's and Dillard's are set to post stronger full-price sales in 2026 as fresh styles, collaborations and limited editions gain traction on social media, while new store openings can lift Aritzia, Burlington and Urban Outfitters. According to Bloomberg Intelligence:  Tariff pressures should ease by 2H26, with selective price hikes and other measures poised to boost margins across most retailers.

-Michael Halen, Bloomberg Intelligence Senior Restaurant and Foodservice Analyst discusses his outlook for U.S restaurant sales in the fourth quarter. According to Bloomberg Intelligence: US restaurant same-store sales rose 0.7% in October, but could drop in November due to the government shutdown and a tough comparison. Time is running out on casual dining's edge over quick service as it faces steep base effects this month and in 2026. Quick-service chains like McDonald's and Domino's should outperform on easier comparisons, value and a bigger benefit from tax reform.

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Watch Paul LIVE every day on YouTube: http://bit.ly/3vTiACF. 

Hosts: Paul Sweeney and Scarlet Fu

On this podcast:

- Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, recaps Walt Disney earnings.

- Mary Ross Gilbert, Bloomberg Intelligence, Senior Equity Analyst, Covering Retail, discusses her research on “Gen-Z, Millennials to Cut Holiday Spending; Clothing May Hold Up.”

- Sam Fazeli, Bloomberg Intelligence, Director of Research for Global Industries and Senior Pharmaceuticals Analyst, discusses Novo Nordisk pulling out of a bidding war with Pfizer for Metsera.

- Jennifer Bartashus, Bloomberg Intelligence Senior Analyst, Retail Staples & Packaged Food, discusses earnings from Tyson Foods.
 
- Emily Mason, Bloomberg Fintech and Crypto Reporter, discusses earnings from Circle Internet Group.

-  Matthew Palazola, Bloomberg Intelligence, Senior Analyst, P&C Insurance, discusses the path ahead for Berkshire Hathaway CEO Warren Buffet.

- Justin Teresi, Bloomberg Intelligence Antitrust Litigation & Policy Analyst, discusses his research on a recent deal between Visa and Mastercard.

Bloomberg Intelligence, the research arm of Bloomberg L.P., has more than 400 professionals who provide in-depth analysis on more than 2,000 companies and 135 industries while considering strategic, equity and credit perspectives. BI also provides interactive data from over 500 independent contributors. It is available exclusively for Bloomberg Terminal subscribers.

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Watch Scarlet and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Jennifer Bartashus, Bloomberg Intelligence Senior Analyst, Retail Staples & Packaged Food, discusses Walmart’s CEO retiring in February. Chief Executive Officer Doug McMillon, who over a decade ushered the big-box behemoth into the Internet age, will be replaced by US head John Furner. Furner, 51, takes over as Walmart faces a fast-moving shift toward artificial intelligence, an uneven US economy, and a rapidly changing global workforce. 

-Madison Muller, Bloomberg News Health Reporter, discusses Merck agreeing to acquire Cidara Therapeutics, a biotech company developing a flu treatment, as part of its ongoing efforts to make up for the upcoming patent loss of its blockbuster cancer drug Keytruda. Merck will pay $221.50 a share in cash for Cidara in a tender offer, more the twice Thursday’s closing price, for a total transaction value of about $9.2 billion, the companies said Friday in a statement. 

-John Butler, Bloomberg Intelligence Senior Telecom Analyst, discusses the latest at Verizon. Verizon Communications is discussing plans to announce job cuts next week that could downsize the company by as much as 20%, according to people familiar with the wireless carrier’s plans. It's a major step in a transformation led by new Chief Executive Officer Dan Schulman. The size and scope of the potential layoffs are still being discussed, but they could impact 15,000 to 20,000 workers, the people said. Verizon has about 100,000 employees. The planned cuts are part of an aggressive strategy that Schulman recently unveiled to reclaim market share. 

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, recaps earnings from Walt Disney. Walt Disney Co. reported sales that fell short of Wall Street estimates, with revenue for the fourth quarter at $22.5 billion. The company predicts challenges early in the new fiscal year, including expenses tied to the theatrical release of Zootopia 2 and Avatar: Fire and Ash, which will reduce earnings by $400 million.

-Woo Jin Ho, Bloomberg Intelligence Senior Technology Analyst, recaps Cisco earnings. Cisco Systems Inc. shares gained after the company boosted its 2026 forecast, showing progress in its effort to capture more artificial intelligence spending. The company now expects sales of as much as $61 billion in the fiscal year ending in July, and increased its earnings forecast, which topped analysts’ predictions.

-Poonam Goyal, Senior U.S. E-Commerce and Retail Analyst at Bloomberg Intelligence, discusses research on Adidas. According to Bloomberg Intelligence: Leading athleisure brands may return to sales growth in 2026, led by Adidas, amid product innovation and new assortments. Gross margin for the peers we examined may expand 24 bps, on average, consensus projects, led by gains at Nike, as tariff effects are mitigated and as cost-cutting and AI initiatives pay off, with just Lululemon expected to see Ebit margin contraction. Puma may see sales declines as a business reset aims to spur growth in 2027.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

- Caroline Hyde, BTech Co-Anchor, discusses Anthropic planning to spend $50 billion to build custom data centers for artificial intelligence work in several US locations, including Texas and New York. The new sites will start coming online throughout 2026 and will create 800 permanent jobs and 2,400 construction jobs at the planned sites.

- Emily Mason, Bloomberg Fintech and Crypto Reporter, discusses shares of Circle Internet falling with concern that declining interest rates will weigh on future returns, overshadowing better-than-expected third-quarter revenue and earnings. Circle is exploring new products to diversify its revenue, including a blockchain-based payments network and a tokenized money market fund, as it faces potential pressure on revenue from declining interest rates.

- Mary Ross Gilbert, Bloomberg Intelligence, Senior Equity Analyst, Covering Retail, discusses her research on apparel sales potentially holding steady or edging higher this holiday season, despite Gen Z and Millennials cutting their holiday spending. Bloomberg Intelligence says that robust self-gifting trends will likely drive demand for clothing and accessories.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Ed Ludlow, BTech Co-Anchor, discusses SoftBank Group selling its entire stake in Nvidia  for $5.83 billion to help bankroll AI investments. He also discusses CoreWeave lowering its annual revenue forecast due to a delay in fulfilling a customer contract, caused by a third-party data center developer who is behind schedule.

-Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, recaps Paramount-Skydance earnings. Paramount Skydance. shares rose after the company raised its target for job cuts and cost-saving measures. Paramount forecasts $30 billion in revenue next year and plans to invest much of the savings in the business, including $1.5 billion in additional 2026 spending for the Paramount+ streaming service.

-Justin Teresi, Bloomberg Intelligence Antitrust Litigation & Policy Analyst, discusses a Nov. 10 proposed class settlement between Visa, Mastercard and merchants on equitable relief, reportedly valued at $38 billion in interchange-fee concessions and other policy changes. Bloomberg Intelligence says that this can end a two-decade-long antitrust dispute, yet may face challenges in gaining court approval.

-Matthew Palazola, Bloomberg Intelligence, Senior Analyst, P&C Insurance, discusses Warren Buffett saying he's "going quiet", marking the end of an era for one of the business world's most-watched investing gurus. Buffet will stop writing Berkshire Hathaway's annual letters and speaking at its meetings.

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Watch Scarlet and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Sam Fazeli, Bloomberg Intelligence, Director of Research for Global Industries and Senior Pharmaceuticals, discusses Metsera declining to further raise its offer for the US maker of an experimental weight-loss drug, bringing a bidding war with Pfizer Inc. to an end. Novo Nordisk A/S decided to drop out of the running for Metsera after Pfizer matched its latest offer and Metsera said it got a call from the US Federal Trade Commission flagging potential regulatory risks with the proposed Novo deal structure.

-Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, discusses the top tech stories. Taiwan Semiconductor Manufacturing Co. reported a 16.9% rise in sales for October, the slowest pace since February 2024. Separately, Nvidia Corp. Chief Executive Officer Jensen Huang said he had asked Taiwan Semiconductor Manufacturing Co. for more chip supplies as artificial intelligence demand remains strong.

-Jennifer Bartashus, Bloomberg Intelligence Senior Analyst, Retail Staples & Packaged Food, discusses Tyson Foods saying it expects profits to be little changed next year as its beef segment continues to lose money. The company's beef segment is expected to see an adjusted operating loss due to a severe cattle shortage that has driven up prices and constrained volumes.

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Watch Paul LIVE every day on YouTube: http://bit.ly/3vTiACF. 

Hosts: Paul Sweeney and Scarlet Fu

On this podcast:

- Michael Halen, Bloomberg Intelligence Senior Restaurant and Foodservice Analyst, discusses Yum Brands strategic review for Pizza Hut.

- Redd Brown, Bloomberg News Earnings Reporter, discusses McDonalds earnings.

- Brian Egger, Bloomberg Intelligence Senior Gaming and Lodging Analyst, on Norwegian Cruise Line earnings.

- Diana Gomes, Bloomberg Intelligence Senior Equity Research Analyst, on Kimberly Clark plans to buy Kenvue.
 
- Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, on Warner Bros. Discovery earnings.

-  Mandeep Singh. Bloomberg Intelligence Global Tech Research Head, on ride-sharing business.

- Matthew Palazola, Bloomberg Intelligence, Senior Analyst, P&C Insurance, on Berkshire Hathaway earnings.

- Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, breaks down Spotify earnings.

Bloomberg Intelligence, the research arm of Bloomberg L.P., has more than 400 professionals who provide in-depth analysis on more than 2,000 companies and 135 industries while considering strategic, equity and credit perspectives. BI also provides interactive data from over 500 independent contributors. It is available exclusively for Bloomberg Terminal subscribers.

See omnystudio.com/listener for privacy information.

Watch Scarlet and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Steve Man, Bloomberg Intelligence Global Autos and Industrials Research Analyst, discusses Elon Musk’s pay package. Musk's $1 trillion compensation package was approved by Tesla investors, with over 75% of votes cast in favor, and he will need to realize some of his ambitions to lead Tesla to the market value and operational milestones laid out in the pay deal.

-Nathan Naidu, Bloomberg Intelligence Technology Research Analyst, discusses Take-Two Interactive Software delaying the release of Grand Theft Auto VI by six months to November 2026. The delay is to give the Rockstar Games team additional time to finish the game with a high level of polish.

-Michael Halen, Bloomberg Intelligence Senior Restaurant and Foodservice Analyst, discusses Wendy’s earnings.  Wendy’s Co. sales beat estimates by declining less than expected in the third quarter, the latest example of fast food outpeforming as cash-strapped consumers cut back on spending. 

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