Podcast: What Trump costs his wealthy backers

Plus more great articles from Businessweek ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Welcome to the Saturday edition of Businessweek Daily, featuring the Everybody’s Business podcast. Let us know what you think by emailing the editor. If this newsletter was forwarded to you, click here to sign up. Subscribe to Bloomberg.com for unlimited access to all our coverage. Few groups enjoyed the early months of Donald Trump’s return to the White House with as much gusto as the tech and finance executives who helped put him there. But the president’s failure to follow through on his campaign promises to everyone else — mainly to lower prices — combined with the deep unpopularity of his trade war and real war on Iran, has led to a backlash. Now Trump’s wealthy backers, especially AI industry CEOs, have been subjected to withering attacks by Democratic congressional candidates (and even a few Republicans), all of whom promise a crackdown on big business if they’re elected. This week, Abdul El-Sayed won a tight race in the Democratic US Senate primary in Michigan on a progressive platform that included taking on monopolies, taxing billionaires and regulating AI. Meanwhile, in the Florida Republican primary for governor, extreme-right candidate James Fishback is attracting a large number of young men with racial provocations and a call for a ban on data centers. This week on Everybody’s Business, Businessweek editor at large Wes Kosova joins podcast hosts Max Chafkin and Stacey Vanek Smith to discuss what these developments mean for big business. Also this week, we tackle the state of the nation’s food supply with Bloomberg Businessweek food columnist Deena Shanker, starting with a look at a new cooking show hosted by, of all people, Health and Human Services Secretary Robert F. Kennedy Jr. Listen and subscribe on Apple, Spotify, iHeart and the Bloomberg Terminal. Everybody's Business Gut Check on Political Spending More Weekend Reads According to a confidential internal document, TikTok withheld a safety feature from millions of users “by design” to measure engagement. One of them died by suicide. (Listen to the story.) Shifting supply chains away from China, Apple worked with Indian policymakers to build an alternative production hub for iPhones. (Listen to the story.) Florida gubernatorial candidate James Fishback is running to the right of MAGA. What his campaign means for the future of the Republican Party. (Listen to the story.) Hiut Denim set a 10,011-pair production limit to champion degrowth. The Welsh jeans maker’s sale has left that vision in question. (Listen to the story.) Bloomberg Businessweek takes a walk with Tarang Amin, the CEO of E.L.F. Beauty, the $5 billion cosmetics company behind the high-flying Rhode brand. Armed with $10 billion, Sequoia Capital’s leaders are repositioning the company for a world dominated by artificial intelligence. Human resources professionals are facing an existential crisis as AI continues to automate their work. Here’s how they’re protecting their jobs. Quebec separatists are positioning themselves for a third referendum on independence. How a Quebexit would shake the markets. Why US consumers are choosing dairy over plant-based milk again.  Featuring salmon cakes, a side salad and a sprinkling of bad health advice, the first episode of Robert F. Kennedy Jr.’s cooking show was one long, boring political ad. Tony’s Chocolonely CEO Douglas Lamont wants to sell the sweets industry on using ethically sourced cocoa. The Mishal Husain Show: Adjoa Andoh Says ‘Bridgerton Was Lifechanging’ Play Alphadots! Our daily word puzzle with a plot twist. Today’s clue: It’s on the house! Play now! We’re improving your newsletter experience and we’d love your feedback. If something looks off, help us fine-tune your experience by reporting it here. Follow Us You received this message because you are subscribed to Bloomberg’s Businessweek Daily newsletter. If a friend forwarded you this message, sign up here to get it in your inbox. Unsubscribe Bloomberg.com Contact Us Bloomberg L.P. 731 Lexington Avenue New York, NY 10022 |