Bloomberg Businessweek

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. See omnystudio.com/listener for privacy information.

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 See omnystudio.com/listener for privacy information.

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: Trump Cautions GOP on Tax Hike for Rich, But He’s ‘OK’ With ItSALT Republicans Have to Accept ‘Unhappy’ Deal, GOP Chair WarnsTrump Plans 100% Levy on Foreign Films, Deepening Trade War Hosts: Matt Miller and Norah Mulinda Producer: Justin Milliner See omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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: Plus, hear highlights from Carol Massar's live remote broadcast from the Principal Real Estate Conference & Advisory Committee in Arizona See omnystudio.com/listener for privacy information.

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 See omnystudio.com/listener for privacy information.

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: See omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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 See omnystudio.com/listener for privacy information.

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: See omnystudio.com/listener for privacy information.

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 first day at Milken, with hosts Carol Massar and Romaine Bostick live from the conference. On this episode, we hear from: See omnystudio.com/listener for privacy information.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Carol Massar and Emily Graffeo speak with Bloomberg Climate Reporter Eric Roston and Bloomberg Space Reporter Sana Pashankar. They discuss their Big Take story on decommissioned satellites and what happens during their scheduled demise as they fall back to Earth. See omnystudio.com/listener for privacy information.

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 See omnystudio.com/listener for privacy information.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Pursuits Auto Columnist Hannah Elliott joins to discuss the latest tariff drama and the automakers who are paying the price. Sarah Barnes-Humphrey, Supply Chain and Logistics Expert, and Founder of the 'Let's Talk Supply Chain' Podcast, joins to break down trade war impacts, supply chain challenges and how companies are managing to ship products. Bloomberg News Senior Editor Nina Trentmann breaks down the upcoming edition of the Bloomberg CFO Briefing and how CFOs are approaching deal-making. Drive to the Close with Alexis Browne Roberts, COO at Alexis Investment Partners. See omnystudio.com/listener for privacy information.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Carol Massar and Tim Stenovec speak with Kate Gulliver, Wayfair CFO, as the company reports earnings. They also break down trade and shipping concerns amid ongoing tariff uncertainty, and the health of the US consumer. See omnystudio.com/listener for privacy information.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Businessweek columnist and Elon Inc podcast co-host Max Chafkin, and Jennifer Dlouhy, Bloomberg News Senior Reporter, break down the latest Elon Musk news from his 130 days heading-up DOGE, to the confusion around a reported search for a new Tesla CEO. Madison Muller, Bloomberg Health Reporter, explains the latest earnings from Eli Lilly and why CVS is pulling their weight-loss drug in favor of a rival. We get Amazon earnings as they cross with Bloomberg Intelligence Senior U.S. E-Commerce and Retail Analyst Poonam Goyal, as well as Apple earnings with Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman and Bloomberg Technology Co-Host Ed Ludlow. And we Drive to the Close with Max Wasserman, Co-Founder and Senior Portfolio Manager of Miramar Capital. See omnystudio.com/listener for privacy information.

Amazon.com gave a weaker-than-expected forecast for operating profit in the current quarter, pointing toward tariffs and trade policies that may cause consumers to pull back on spending. The world’s largest online retailer projected operating profit of $13 billion to $17.5 billion, compared with an average estimate of $17.8 billion. Sales will be $159 billion to $164 billion in the period ending in June, the company said Thursday in a statement. Analysts, on average, expected $161.4 billion. Amazon shares have fallen about 13% this year as Wall Street weighs the impact of President Donald Trump’s tariffs on a retail operation that sources much of its goods from China. Investors are generally bullish on the company’s efforts to become a major force in artificial intelligence, but there are concerns that Amazon’s prodigious spending on data centers may not translate into meaningful sales growth any time soon. Amazon Web Services, the largest seller of rented computing power, reported first-quarter sales gained 17% to $29.3 billion, in line with analysts’ estimates. It was the unit’s slowest growth in a year. For instant reaction and analysis, hosts Carol Massar and Tim Stenovec speak with: See omnystudio.com/listener for privacy information.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Carol Massar and Tim Stenovec speak with Gina McCarthy, Former White House Climate Advisor and EPA Administrator. They discuss President Trump's second term so far, the 'America is All In' coalition, and her take on climate progress in the absence of federal leadership. See omnystudio.com/listener for privacy information.

Microsoft Corp. reported better-than-expected sales and profit, suggesting customer demand hasn’t been rattled by tariffs and wider economic uncertainty. Total revenue in the fiscal third quarter increased 13% to $70.1 billion, while adjusted profit was $3.46 a share, the company said in a statement Wednesday. Analysts on average estimated sales of $68.5 billion and adjusted per-share earnings of $3.21. Meta Platforms Inc. posted first-quarter sales that beat Wall Street estimates, a sign that the company’s advertising business is so far weathering the Trump administration’s ongoing trade war. Sales were $42.3 billion in the first quarter, the maker of Facebook and Instagram said Wednesday. That beat analysts’ estimates for $41.4 billion for the quarter ended March 31. The company also said current-quarter revenue will be in line with analysts’ expectations, and that it will boost spending as it continues to invest in artificial intelligence. Qualcomm Inc., the biggest maker of chips that run smartphones, gave a tepid revenue prediction for the current quarter, underscoring concerns that tariffs will hurt demand for its products. Revenue in the period ending in June will be $9.9 billion to $10.7 billion, the company said Wednesday in a statement. The midpoint of that range was slightly below the average analyst estimate of $10.33 billion. The outlook renews concern that the market for smartphones is suffering from a looming trade war. For instant reaction and analysis to these results, plus other tech earnings, hosts Tim Stenovec and Carol Massar speak with Bloomberg Intelligence senior technology analysts Mandeep Singh and Kunjan Sobhani. Bloomberg Technology Co-Host Ed Ludlow also joins alongside Clockwise Capital Technology Analyst James Cakmak. See omnystudio.com/listener for privacy information.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Beth Fouhy, Partner at FGS Global, and Hadriana Lowenkron, Bloomberg News National Politics Reporter, recap what we've seen from President Donald Trump's First 100 Days this week. Kunjan Sobhani, Bloomberg Intelligence Senior Semiconductor Analyst, discusses the broader semiconductor space, comments from Nvidia's Jensen Huang, and Qualcomm. Jennifer Welch, Bloomberg Chief Geo-economics Analyst, explains new China-US rhetoric as Nationalist support for Xi grows. We break down the market moves of the week with Gina Martin Adams, Chief Equity Strategist at Bloomberg Intelligence. And we Drive to the Close with Brooke May, Managing Partner at Evans May Wealth. See omnystudio.com/listener for privacy information.