Bitcoin Sinks Deeper Below $100,000 as Bear Market Grips Crypto
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Bitcoin sank deeper below the $100,000 mark, dragged down by a fresh wave of risk aversion and a selloff in tech stocks that reignited Wall Street jitters.The digital currency fell as much as 3.9% to $97,956, intensifying a slump that’s wiped out more than $450 billion in value since early October. Once-reliable sources of support — including large investment funds, ETF allocators, and corporate treasuries — have stepped back, removing a key prop from this year’s rally and triggering a new phase of market fragility.Analysts at 10x Research say the crypto market has entered a confirmed bear regime. The firm cites weakening ETF flows, continuing selling by long-term holders, and muted participation from retail buyers. The firm’s models flagged the shift in mid-October and now point to deteriorating sentiment beneath the surface. The next key level is $93,000, according to 10x.Today's show features: Eric Trump, Co-Founder and Chief Strategy Officer of American Bitcoin, on his company’s business model and the regulatory environment for cryptocurrency Elizabeth Renter, Senior Economist at NerdWallet, on key economic data expectations as the US government reopens Bloomberg Intelligence Senior Media Analyst Geetha Ranganathan breaks down quarterly earnings from Disney See omnystudio.com/listener for privacy information.
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FDA Pulls Warning Labels From Hormone Replacement Therapies
Hormone replacement therapies (HRTs) used to treat menopause symptoms no longer need to carry strict warnings about some potential side effects, including cancer and heart disease, the US Food and Drug Administration announced Monday. Commissioner Marty Makary said the agency is asking drugmakers to remove the strict black box warnings, with the goal of encouraging more women to take them. Labels on the medicines currently list potential side effects including cardiovascular disease, blood clots, breast cancer and dementia. Fanny Elahi, MD, PhD is a physician-scientist and Associate Professor in the Departments of Neurology, Neuroscience, and Pathology at the Icahn School of Medicine at Mount Sinai in New York City. Dr. Elahi discusses the implications of this move and the importance of such therapies, particularly for women approaching menopause, with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.See omnystudio.com/listener for privacy information.
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Lumen Inks Palantir Deal as Growth Strategy Takes Hold
Lumen Technologies is on track to restore revenue gains by 2030 by shifting to growth products and divesting noncore assets. Bloomberg Intelligence notes that the company recently announced the sale of the Mass Markets fiber unit to AT&T for $5.75 billion in cash. It's also building new fiber routes for hyper-scaler cloud providers and social-media companies for AI traffic between data centers. It aims to tap other high-growth segments like edge compute and security to restore top-line growth, though the enterprise segment could inflect earlier. Lumen is carefully managing capex and seeks to eliminate $1 billion in costs by year-end 2027 to maximize free cash flow. Chris Stansbury, the company's Chief Financial Officer, breaks down Lumen's path back to growth also details the firm's recent $200 million deal to source AI software from Palantir Technologies. Chris speaks with Carol Massar, Tim Stenovec and Bloomberg News Senior Editor Nina Trentmann on Bloomberg Businessweek Daily.See omnystudio.com/listener for privacy information.
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Trump-Epstein Ties Back in Spotlight as Fight in Congress Looms
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Democrats returned to pressing Donald Trump on his ties to Jeffrey Epstein, highlighting a selection of emails in which the late financier and convicted sex trafficker suggested the president knew of his activities.A congressional committee on Wednesday released some 20,000 pages of documents, pivoting attention away from the ongoing government shutdown and forcing the White House to respond to an issue that has frustrated the president and drawn scrutiny from parts of his base.The trove of documents included emails in which Epstein — who died in 2019 while facing sex-trafficking charges — appeared to allege that Trump spent hours in a house with one of Epstein’s victims.The new information came the same day that a new House lawmaker was officially sworn into office. Adelita Grijalva, an Arizona Democrat, immediately signed a petition forcing a vote on legislation to compel the Justice Department to release files on Epstein.Today's show features: Bloomberg News National Security Reporter Jamie Tarabay on emails released by congressional Democrats, which suggest Donald Trump spent hours in a house with one of Jeffrey Epstein's victims (according to Epstein) Bob Michele, Chief Investment Officer and Head of the Global Fixed Income, Currency & Commodities (GFICC) group for JPMorgan Asset Management on the fixed income market, the US economy and ripple effects from the shutdown CFO Briefing: Tricia Tolivar, Chief Financial Officer of Cava, and Bloomberg News Senior Editor Nina Trentmann Peter Atwater, President of Financial Insyghts and Adjunct Lecturer of Economics at the College of William and Mary, on the US economic outlook See omnystudio.com/listener for privacy information.
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Redefining Advanced Air Mobility
Lisa Wright is the Founder and CEO of Landings, a pioneering company developing a network of rural vertiports that expand access to advanced air mobility across the US. With over 20 years of experience in architecture, design, and operations, Lisa brings a unique perspective at the intersection of infrastructure, technology, and community development. Since founding Landings, she has led the company in building partnerships with municipalities, regional economic development agencies, landowners, and equipment manufacturers to catalyze investment in rural communities.Lisa lays out her vision for building this cutting-edge aviation infrastructure, which she says can also create hubs for clean energy, workforce training, and economic revitalization. Lisa speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.See omnystudio.com/listener for privacy information.
Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy. Watch us LIVE on YouTube: http://bit.ly/3vTiACF.
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