Amazon's cloud unit posted the strongest sales growth in a year, a sign that the retailer’s most profitable unit is recovering from a slump as businesses resume spending on technology projects. The shares rose in extended trading.

Bloomberg TV and Radio hosts Carol Massar and Tim Stenovec speak with Bloomberg Intelligence Senior Analyst for E-Commerce Poonam Goyal and Bloomberg Intelligence Senior Technology Analyst Anurag Rana for instant reaction and analysis. 

Amazon's cloud unit posted the strongest sales growth in a year, a sign that the retailer’s most profitable unit is recovering from a slump as businesses resume spending on technology projects. The shares rose in extended trading.
Bloomberg TV and Radio hosts Carol Massar and Tim Stenovec speak with Bloomberg Intelligence Senior Analyst for E-Commerce Poonam Goyal and Bloomberg Intelligence Senior Technology Analyst Anurag Rana for instant reaction and analysis.

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

Instant Reaction: Amazon Reports Strong Cloud Unit Sales on Rising AI Demand

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/f628018d-5cfc-44db-bec4-b1620156e6a0/transcript

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

Famed short seller Andrew Left faces the possibility of decades behind bars after being found guilty of using disingenuous social media posts to manipulate stocks, in a landmark case that threatens to chill a broader trading strategy loathed by corporate executives.

Left, who gained a large online following with his blunt commentary about major US companies as well as smaller stocks popular with retail traders, was convicted Monday following a three-week trial in Los Angeles. Even before his conviction, his 2024 indictment spooked the industry and led some short sellers to beef up legal disclaimers.

Now, the 55-year-old faces more than two decades behind bars at an Aug. 31 sentencing hearing, though criminal defendants frequently get less time. Left will remain free until then.

On this episode, Carol Massar and Tim Stenovec speak with:
Erik Larson, Bloomberg News US Legal Reporter
Ed Zitron, CEO at EZ Primary Research on AI skepticism
Wendy Stewart, President of Global Commercial Banking at Bank of America on trends currently shaping the business landscape
Dr. Carina Kern, Founder and CEO of LinkGevity & Serena Kern-Libera, Chief Operating Officer at LinkGevity on Reshaping Aging, Longevity

 

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>. Famed short seller Andrew Left faces the possibility of decades behind bars after being found guilty of using disingenuous social media posts to manipulate stocks, in a landmark case that threatens to chill a broader trading strategy loathed by corporate executives. Left, who gained a large online following with his blunt commentary about major US companies as well as smaller stocks popular with retail traders, was convicted Monday following a three-week trial in Los Angeles. Even before his conviction, his 2024 indictment spooked the industry and led some short sellers to beef up legal disclaimers. Now, the 55-year-old faces more than two decades behind bars at an Aug. 31 sentencing hearing, though criminal defendants frequently get less time. Left will remain free until then. On this episode, Carol Massar and Tim Stenovec speak with:
<ul>
<li>Erik Larson, Bloomberg News US Legal Reporter</li>
<li>Ed Zitron, CEO at EZ Primary Research on AI skepticism</li>
<li>Wendy Stewart, President of Global Commercial Banking at Bank of America on trends currently shaping the business landscape</li>
<li>Dr. Carina Kern, Founder and CEO of LinkGevity &amp; Serena Kern-Libera, Chief Operating Officer at LinkGevity on Reshaping Aging, Longevity</li>
</ul>
&nbsp;

Andrew Left Found Guilty in Case That Spooked Short Sellers

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/42e9cce3-ffdc-42e4-bfa2-b45d0155d148/transcript

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

The food industry is grappling with shortages and skyrocketing prices of whey protein, forcing some manufacturers to halt production or reformulate their products with alternative ingredients. Whey protein has become a star ingredient due to its complete protein profile and ease of use, but the supply chain is struggling to keep up with demand, with some suppliers already sold out for the remainder of the year. Companies are considering alternatives to whey protein, including milk protein concentrate and plant-based options like soy and pea, as price increases and tight supply continue to affect the industry.

For more on the show, Emily Graffeo and Tim Stenovec, spoke with Kristina Peterson is Bloomberg News Reporter covering the food industry.

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>. The food industry is grappling with shortages and skyrocketing prices of whey protein, forcing some manufacturers to halt production or reformulate their products with alternative ingredients. Whey protein has become a star ingredient due to its complete protein profile and ease of use, but the supply chain is struggling to keep up with demand, with some suppliers already sold out for the remainder of the year. Companies are considering alternatives to whey protein, including milk protein concentrate and plant-based options like soy and pea, as price increases and tight supply continue to affect the industry. For more on the show, Emily Graffeo and Tim Stenovec, spoke with Kristina Peterson is Bloomberg News Reporter covering the food industry.

Whey Protein Is Running Out as Americans Want It in Everything

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/9e6a1993-c178-449a-89ac-b45c0150409e/transcript

The people, companies and trends shaping the global economy. 

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. 

Anthropic PBC has confidentially submitted draft paperwork for a public listing, potentially leapfrogging longtime rival OpenAI in the race toward a Wall Street debut as soon as this fall. 

“The number of shares to be offered and the price have not yet been set,” the company said in a blog post Monday. Anthropic, once viewed as an underdog to OpenAI, has vaulted ahead of the ChatGPT maker in recent months on multiple fronts. The Claude developer recently raised $65 billion in a funding round at a $965 billion valuation, including the investment, eclipsing OpenAI’s value for the first time. Anthropic’s advances in coding and cybersecurity capabilities have rattled markets and also enticed new business customers. 

With the filing on Monday, Anthropic is poised to potentially beat OpenAI to the public market, setting itself up to attract more attention and capital from a greater pool of investors. OpenAI itself was said to be preparing its own confidential filing for an initial public offering in the coming weeks and was targeting a public debut sometime in the fall, Bloomberg reported in May. 

On this episode, guest host Emily Graffeo and Tim Stenovec speak with: 
Ed Ludlow, Bloomberg Tech co-host 
Charlie Wells, Bloomberg News Reporter and Ed Ludlow for in-depth conversation on SpaceX and its upcoming IPO 
Andrew Groves, Chairman of Copper Intelligence 
Roderick Wong, founder and Chief Investment Officer and Stephanie Sirota, Chief Business Officer, from RTW Investments on Innovations in Biotech

The people, companies and trends shaping the global economy.&nbsp;
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.&nbsp;
Anthropic PBC has confidentially submitted draft paperwork for a public listing, potentially leapfrogging longtime rival OpenAI in the race toward a Wall Street debut as soon as this fall.&nbsp;
&ldquo;The number of shares to be offered and the price have not yet been set,&rdquo; the company said in a blog post Monday. Anthropic, once viewed as an underdog to OpenAI, has vaulted ahead of the ChatGPT maker in recent months on multiple fronts. The Claude developer recently raised $65 billion in a funding round at a $965 billion valuation, including the investment, eclipsing OpenAI&rsquo;s value for the first time. Anthropic&rsquo;s advances in coding and cybersecurity capabilities have rattled markets and also enticed new business customers.&nbsp;
With the filing on Monday, Anthropic is poised to potentially beat OpenAI to the public market, setting itself up to attract more attention and capital from a greater pool of investors. OpenAI itself was said to be preparing its own confidential filing for an initial public offering in the coming weeks and was targeting a public debut sometime in the fall, Bloomberg reported in May.&nbsp;
On this episode, guest host Emily Graffeo and Tim Stenovec speak with:&nbsp;
<ul>
<li>Ed Ludlow, Bloomberg Tech co-host&nbsp;</li>
<li>Charlie Wells, Bloomberg News Reporter and Ed Ludlow for in-depth conversation on SpaceX and its upcoming IPO&nbsp;</li>
<li>Andrew Groves, Chairman of Copper Intelligence&nbsp;</li>
<li>Roderick Wong, founder and Chief Investment Officer and Stephanie Sirota, Chief Business Officer, from RTW Investments on Innovations in Biotech</li>
</ul>

Anthropic Files Confidentially for IPO in Race With OpenAI

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ef9db9a7-9000-40f9-8820-b45c01662600/transcript

Instant Reaction: Amazon Reports Strong Cloud Unit Sales on Rising AI Demand

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