Bloomberg Businessweek

Listen for instant reaction and analysis of megacap tech earnings from Alphabet and Tesla.

Alphabet reported second-quarter cloud revenue that far surpassed Wall Street’s expectations and said the division’s backlog of contracted business ballooned to more than $500 billion, offering fresh evidence that the company’s massive AI investments are paying off.

Meanwhile, Tesla missed Wall Street’s profit expectations even after a strong quarter of auto sales, a setback for the electric-vehicle maker as it looks to build out new lines of business in robotics, autonomy and AI.

To break down all of this, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:
Ed Ludlow, Bloomberg Tech co-host
Keith Naughton, Bloomberg News Auto Reporter
Mandeep Singh, Bloomberg Intelligence Global Head of Technology Research
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

OpenAI said its advanced artificial intelligence models inadvertently hacked Hugging Face Inc. in an "unprecedented" incident. The models broke into Hugging Face's system during an evaluation of their cyber capabilities, operating with lower guardrails to be tested. The incident raises questions about the ability of advanced AI models to carry out cyberattacks and has prompted fresh calls for curbs on the technology.

On this episode, Carol Massar and Tim Stenovec speak with:
Ed Ludlow, Bloomberg Tech Host
Keith Naughton, Bloomberg News Auto Reporter on Tesla preview, auto industry evolution and his career path
Rory Heilakka, Partner at Oliver Wyman on how AI is transforming some of the world's largest industrial sectors: autos, aviation, defense
Drive to the Close with Chris Marangi, President and Co-CIO, Value and PM of the GOLS ETF, Gabelli Funds
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

America is at risk of relinquishing its global leadership in biopharmaceuticals. Haphazard cuts to funding academic research, political attacks on science and misguided threats to the risk-reward calculus that buttresses innovation undermine our strategic preeminence in healthcare and medicines. At the same time, China is advancing its own agenda. If the United States’ biotech strategy is not acutely resuscitated, we risk depriving our nation of the oxygen that fuels biomedical entrepreneurship, economic vitality, and ultimately national security.

For more, Carol Massar and Tim Stenovec speak with Robert Blum, President and CEO of Cytokinetics
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

US President Donald Trump minimized the prospect of immediate talks with Iran as the two sides exchanged strikes and Houthi militants in Yemen threatened shipping in the Red Sea.
Trump vowed on Tuesday to respond if the Iran-backed group disrupted that waterway, but didn’t specify how.His comments came after the 10th day of US and Iranian attacks and as mediators continued efforts to restart negotiations. Oil prices ticked higher amid the threats to key routes for global energy supplies.

“They want to desperately meet and until they’re ready to meet in a meaningful way we have no interest,” Trump said at a White House meeting with Lebanon’s president, vowing to continue the fight.

On this episode, Carol Massar and Tim Stenovec speak with:
Jennifer Welch, Bloomberg Economics Chief Geoeconomics Analyst
Charles Schwab CEO Rick Wurster
Timna Tanners, Wells Fargo Equity Research Managing Director on Aluminum and metals latest
Madison Muller, Bloomberg News Healthcare Reporter on Novo Nordisk Sues Eli Lilly in US Over Obesity Drug Ads
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The Jaecoo 7, a Chinese SUV, is outselling Land Rover's comparable Range Rover Evoque in the UK, with its gasoline version starting around £30,000. The Jaecoo 7 includes premium touches like heated front seats and a sunroof, and has a seven-year warranty, versus three for the Range Rover Evoque. Chinese carmakers, including Chery Automobile Co., are pushing into the European market, with China's carmakers accounting for 10% of the market in May and holding about one-fifth of Europe's second-largest car market in the UK.

For more, Carol Massar and Tim Stenovec speak with Keith Naughton, Bloomberg News Auto Reporter and Jacob Reid, Bloomberg News Global Business Reporter
See omnystudio.com/listener for privacy information.