Podcast: Let them eat steak

Plus more great Businessweek stories ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

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. Inflation has been roiling American consumers for years. Lately, gas prices have been grabbing the headlines, but since January 2020, food prices have risen 32% on average, with coffee, cereal, eggs and beef climbing far higher. Over the past decade, steak and ground beef prices have just about doubled, becoming almost a luxury item. On this week’s podcast, hosts Max Chafkin and Stacey Vanek Smith talk to Extra Salt columnist Deena Shanker, who writes about beef’s changing economics in the latest issue of Businessweek. Then they pivot to the big business topic of the week: artificial intelligence. Even as expectations soar and Anthropic gets ready to launch what may be the biggest initial public offering of all time, more worries are surfacing about the structural underpinning of the AI boom. Nervous investors are pulling their money out of CoreWeave and other AI, AI-adjacent and tech stocks and stuffing it back into US bonds, where (presumably) it will be safer. Sarah Frier, who covers Big Tech for Bloomberg News, joins to break down what’s causing these AI fears, as well as what we might expect from Anthropic going public. Listen and subscribe on Apple, Spotify, iHeart and the Bloomberg Terminal. Everybody's Business Let Them Eat Steak More Weekend Reads Gary Sernovitz carries a mutation that can cause serious lung disease. He writes about a new gene-editing therapy that could rewrite the DNA responsible. Women’s sports are booming. These 17 trailblazers helped make it happen. Regardless of Israel’s election results, Prime Minister Benjamin Netanyahu’s agenda will live on. Why skiers are choosing the Republic of Georgia for their next vacation. The future of progressives in the US midterms and beyond. Hollywood executives on the future of AI in TV, film and social media. A look at the first women’s pro baseball season in 72 years. Ignite, the vape company that broke up a family. How Home Depot was thrust into President Donald Trump’s crosshairs. What it’s like to play football in Saudi Arabia’s women’s leagues. How “Made in China” became a status symbol. With a new CEO, what’s in store for Hershey beyond Halloween chocolate? To shape AI, we have to use AI, argues a Wharton professor in his new book. The $58 billion succession plan for the Dangotes, Africa’s richest family. How the Houthis became a threat to the global economy. After two years under new leadership, Victoria’s Secret has made a comeback. NBCUniversal’s Donna Langley on The Odyssey, Obsession and TikTok. Video: What a 35-Hour Train Ride Reveals About Vietnam’s Future Test Your Knowledge Elon Musk said two of his companies are exploring a merger. Which two companies are they? Think you know the answer? Pointed|Bloomberg Games Play 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 |