Novi is an AI shopping optimization platform for consumer packaged goods (CPG). It seeks to help retailers and brands ensure their products can be accurately found, trusted, and recommended by AI assistants such as ChatGPT and Claude by verifying and structuring SKU-level product data. Retailers including Macy’s, Sephora, Target, and Ulta, along with thousands of CPG brands, rely on Novi to optimize their product data for AI-driven discovery.

Kimberly Shenk, the company's CEO, discusses the impact of artificial intelligence on the retail sector during the holiday season as consumers increasingly use AI agents to perform deep-discount hunting, real-time product comparisons, and personalized gift curation. Kimberly speaks with Carol Massar and Vonnie Quinn on Bloomberg Businessweek Daily.

Novi is an AI shopping optimization platform for consumer packaged goods (CPG). It seeks to help retailers and brands ensure their products can be accurately found, trusted, and recommended by AI assistants such as ChatGPT and Claude by verifying and structuring SKU-level product data. Retailers including Macy&rsquo;s, Sephora, Target, and Ulta, along with thousands of CPG brands, rely on Novi to optimize their product data for AI-driven discovery. Kimberly Shenk, the company's CEO, discusses the impact of artificial intelligence on the retail sector during the holiday season as consumers increasingly use AI agents to perform deep-discount hunting, real-time product comparisons, and personalized gift curation. Kimberly speaks with Carol Massar and Vonnie Quinn on Bloomberg Businessweek Daily.

Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology. You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET: http://bit.ly/3vTiACF. 

Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology.&nbsp;You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET:&nbsp;<a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.&nbsp;

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

Bloomberg Businessweek

AI's Impact on Retail and Consumer Behavior 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/81ad4b56-811e-4f5b-b5a4-b3c2016f0721/transcript

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Federal Reserve Chairman Kevin Warsh said policymakers at the central bank have no tolerance for high inflation, reiterating a vow to tame price growth that has been elevated for five years.
“The members of our committee have no tolerance for persistently elevated inflation,” Warsh said Tuesday in testimony before lawmakers. “And we share a resolute commitment to restoring price stability.”

The new Fed chairman has emphasized policymakers’ commitment to tackling inflation since he took office in May, and said the number one objective is to get monetary policy right.

Warsh’s appearance before the panel comes amid warnings from several other Fed policymakers that higher interest rates may be needed to curb inflation. The testimony was prepared prior to the Bureau of Labor Statistics’ release of fresh inflation data that showed consumer prices declined in June for the first time in six years and a key gauge of underlying inflation was little changed.

On this episode, Carol Massar and Tim Stenovec speak with:
Yelena Shuylatyeva, Senior US Economist, The Conference Board on Warsh testimony, CPI reaction and PPI
Geoff Karren, Energy Group Capital Chief Investment Officer & Portfolio Manager
Udesh Jha, Chief Risk Officer, Kalshi AND Katherine “Kat” Doherty, Bloomberg News Finance Reporter on Kalshi Ramps Up Effort to Build Markets for AI Computing Power
Chris Rovzar, Bloomberg Pursuits Editor-at-Large on Wearing Shorts to Work? That Should Be OK in 2026

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>. Federal Reserve Chairman Kevin Warsh said policymakers at the central bank have no tolerance for high inflation, reiterating a vow to tame price growth that has been elevated for five years. &ldquo;The members of our committee have no tolerance for persistently elevated inflation,&rdquo; Warsh said Tuesday in testimony before lawmakers. &ldquo;And we share a resolute commitment to restoring price stability.&rdquo; The new Fed chairman has emphasized policymakers&rsquo; commitment to tackling inflation since he took office in May, and said the number one objective is to get monetary policy right. Warsh&rsquo;s appearance before the panel comes amid warnings from several other Fed policymakers that higher interest rates may be needed to curb inflation. The testimony was prepared prior to the Bureau of Labor Statistics&rsquo; release of fresh inflation data that showed consumer prices declined in June for the first time in six years and a key gauge of underlying inflation was little changed. On this episode, Carol Massar and Tim Stenovec speak with:
<ul>
<li>Yelena Shuylatyeva, Senior US Economist, The Conference Board on Warsh testimony, CPI reaction and PPI</li>
<li>Geoff Karren, Energy Group Capital Chief Investment Officer &amp; Portfolio Manager</li>
<li>Udesh Jha, Chief Risk Officer, Kalshi&nbsp;AND Katherine &ldquo;Kat&rdquo; Doherty, Bloomberg News Finance Reporter on Kalshi Ramps Up Effort to Build Markets for AI Computing Power</li>
<li>Chris Rovzar, Bloomberg Pursuits Editor-at-Large on Wearing Shorts to Work? That Should Be OK in 2026</li>
</ul>

Warsh Vows to Deliver Price Stability, Fed ‘Regime Change’

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/95414676-9c56-43e9-928d-b4870154e37c/transcript

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Apple has filed a lawsuit against OpenAI, alleging that the company systematically stole its intellectual property by asking former Apple employees to bring information about unreleased products. Apple is seeking monetary damages and an order requiring OpenAI to halt the alleged conduct and destroy any proprietary materials, which could disrupt OpenAI's device ambitions and slow its recruiting pipeline. The lawsuit may cause OpenAI to become more cautious, create more red tape, and slow development, potentially forcing the company to redesign its products if Apple proves that OpenAI incorporated its trade secrets into upcoming devices.

For more, Carol Massar and Tim Stenovec speak with Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>. Apple has filed a lawsuit against OpenAI, alleging that the company systematically stole its intellectual property by asking former Apple employees to bring information about unreleased products. Apple is seeking monetary damages and an order requiring OpenAI to halt the alleged conduct and destroy any proprietary materials, which could disrupt OpenAI's device ambitions and slow its recruiting pipeline. The lawsuit may cause OpenAI to become more cautious, create more red tape, and slow development, potentially forcing the company to redesign its products if Apple proves that OpenAI incorporated its trade secrets into upcoming devices. For more, Carol Massar and Tim Stenovec speak with Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech

Apple’s Lawsuit Will Disrupt OpenAI’s Bid to Rival the iPhone

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/f1a2594c-75c5-42aa-86b7-b4860150f592/transcript

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump reinstated the US blockade of Iranian ships transiting the Strait of Hormuz and demanded a 20% reimbursement on all other cargo shipped through the waterway.
Trump’s announcement Monday, in which he asserted the US would become the waterway’s “GUARDIAN,” intensifies an ongoing spat between Washington and Tehran over the status of the crucial shipping passage at the center of the two nations’ revived conflict.

US military forces will resume blockading traffic to and from Iranian ports and coastal areas beginning July 14 at 4 p.m. New York time, Central Command said in a statement.
Oil prices rose more than 9% Monday as traders rushed to price in flows through Hormuz possibly slowing again, while stocks and bonds fell.

On this episode, Carol Massar and Tim Stenovec speak with:
Rockford Weitz Professor of Practice in Maritime Studies at The Fletcher School at Tufts University
Ian King, Bloomberg News US Semiconductor Reporter on SK Hynix, TSMC, chip trade
Roger Crandall, CEO, Mass Mutual
Erik Wasson, Bloomberg News Congressional Reporter on Graham Death Sets Up Succession Drama in South Carolina

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>. President Donald Trump reinstated the US blockade of Iranian ships transiting the Strait of Hormuz and demanded a 20% reimbursement on all other cargo shipped through the waterway. Trump&rsquo;s announcement Monday, in which he asserted the US would become the waterway&rsquo;s &ldquo;GUARDIAN,&rdquo; intensifies an ongoing spat between Washington and Tehran over the status of the crucial shipping passage at the center of the two nations&rsquo; revived conflict. US military forces will resume blockading traffic to and from Iranian ports and coastal areas beginning July 14 at 4 p.m. New York time, Central Command said in a statement. Oil prices rose more than 9% Monday as traders rushed to price in flows through Hormuz possibly slowing again, while stocks and bonds fell. On this episode, Carol Massar and Tim Stenovec speak with:
<ul>
<li>Rockford Weitz Professor of Practice in Maritime Studies at The Fletcher School at Tufts University</li>
<li>Ian King, Bloomberg News US Semiconductor Reporter on SK Hynix, TSMC, chip trade</li>
<li>Roger Crandall, CEO, Mass Mutual</li>
<li>Erik Wasson, Bloomberg News Congressional Reporter on Graham Death Sets Up Succession Drama in South Carolina</li>
</ul>

Trump Restarts Iran Blockade as US Plans 20% Hormuz Charge

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/632eae7f-6b40-4163-8c80-b4860156e54a/transcript

AI's Impact on Retail and Consumer Behavior

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