Bloomberg News US Economy Reporter Reade Pickert, explains how a yearslong decline in response rates for many of the surveys US government agencies use to compile economic data is a worrying development. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Health Care Reporter Anna Edney provide the details of Anna's Businessweek Magazine story Zantac’s Maker Kept Quiet About Cancer Risks for 40 Years. Bloomberg Intelligence Senior Tech Industry Analyst Mandeep Singh discusses Airbnb shares jumping on Wednesday after an outlook that shows robust travel demand. And we Drive to the Close with Sameer Samana, Senior Global Market Strategist at Wells Fargo Investment Institute.
Hosts: Carol Massar and Madison Mills. Producer: Paul Brennan.  

Bloomberg News <a data-destination="bb:rte:bind">US Economy Reporter</a> Reade Pickert, explains how a yearslong decline in response rates for many of the surveys US government agencies use to compile economic data is a worrying development. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Health Care Reporter Anna Edney provide the details of Anna's Businessweek Magazine story Zantac’s Maker Kept Quiet About Cancer Risks for 40 Years. Bloomberg Intelligence Senior Tech Industry Analyst Mandeep Singh discusses Airbnb shares jumping on Wednesday after an outlook that shows robust travel demand. And we Drive to the Close with Sameer Samana, Senior Global Market Strategist at Wells Fargo Investment Institute. Hosts: Carol Massar and Madison Mills. Producer: Paul Brennan.

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.  Watch us LIVE on YouTube: http://bit.ly/3vTiACF.

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.&nbsp; Watch us LIVE on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.

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

Jobs Data Threatened as Businesses Avoid Surveys

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c285757e-4685-4da8-99fa-afaa015cb316/transcript

Dr. Nupoor Narula, MD, MSc is the Bruce Lerman Clinical Scholar, cardiologist, and Director of the Cardiology Vascular Laboratory and Women’s Heart Program at Weill Cornell Medicine. An NIH-funded physician-investigator, her clinical and research interests include genetic aortic diseases and aortic aneurysms and dissections, with a special emphasis on these conditions in women and pregnancy.

 
Dr. Narula recently received funding from the National Institutes of Health for her research on aortic aneurysms, and the NIH continues to fund related research in the area of women's heart health, which may signal a greater appetite to invest in, and prioritize an increasingly important clinical need. Dr. Narula details her work on cardiac risks to women, particularly during pregnancy, with Carol Massar and Alexis Christoforous on Bloomberg Businessweek Daily.

Dr. Nupoor Narula, MD, MSc is the Bruce Lerman Clinical Scholar, cardiologist, and Director of the Cardiology Vascular Laboratory and Women&rsquo;s Heart Program at Weill Cornell Medicine. An NIH-funded physician-investigator, her clinical and research interests include genetic aortic diseases and aortic aneurysms and dissections, with a special emphasis on these conditions in women and pregnancy.
&nbsp; Dr. Narula recently received funding from the National Institutes of Health for her research on aortic aneurysms, and the NIH continues to fund related research in the area of women's heart health, which may signal a greater appetite to invest in, and prioritize an increasingly important clinical need. Dr. Narula details her work on cardiac risks to women, particularly during pregnancy, with Carol Massar and Alexis Christoforous on Bloomberg Businessweek Daily.

NIH Backs Leading Cardiologist's Work on Women's Heart Health

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5ec729a4-7cff-4a82-be62-b3aa0008d989/transcript

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.


Meta Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for changing its name from Facebook Inc.


Executives are considering potential budget cuts as high as 30% for the metaverse group next year, which includes the virtual worlds product Meta Horizon Worlds and its Quest virtual reality unit, according to people familiar with the talks, who asked not to be named while discussing private company plans. Cuts that high would most likely include layoffs as early as January, according to the people, though a final decision has not yet been made.


Savings from the metaverse cuts are expected to funnel toward other futuristic projects within Meta’s Reality Labs division, including AI glasses and other wearables, according to people familiar with the plans.


The proposed metaverse cuts are part of the company’s annual budget planning for 2026, which included a series of meetings at Zuckerberg’s compound in Hawaii last month, the people said. Zuckerberg has asked Meta executives to look for 10% cuts across the board, which has been the standard request during similar budget cycles the past few years, they added.

Today's show features:
Gene Munster, Co-Founder and Managing Partner of Deepwater Asset Management, on the latest talent departure from Apple to Meta, and the AI arms race
Bloomberg News Senior Technology Reporter Kurt Wagner on Meta CEO Mark Zuckerberg’s plan to cut resources for building the metaverse
Jimmy Lee, CEO, The Wealth Consulting Group, on the market outlook heading into 2026
Bloomberg News Consumer Reporter Jeanette Neumann on quarterly earnings from Ulta Beauty

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.
 Meta Platforms Inc.&rsquo;s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for changing its name from Facebook Inc.
 Executives are considering potential budget cuts as high as 30% for the metaverse group next year, which includes the virtual worlds product Meta Horizon Worlds and its Quest virtual reality unit, according to people familiar with the talks, who asked not to be named while discussing private company plans. Cuts that high would most likely include layoffs as early as January, according to the people, though a final decision has not yet been made.
 Savings from the metaverse cuts are expected to funnel toward other futuristic projects within Meta&rsquo;s Reality Labs division, including AI glasses and other wearables, according to people familiar with the plans.
 The proposed metaverse cuts are part of the company&rsquo;s annual budget planning for 2026, which included a series of meetings at Zuckerberg&rsquo;s compound in Hawaii last month, the people said. Zuckerberg has asked Meta executives to look for 10% cuts across the board, which has been the standard request during similar budget cycles the past few years, they added.
Today's show features:
<ul>
<li>Gene Munster, Co-Founder and Managing Partner of Deepwater Asset Management, on the latest talent departure from Apple to Meta, and the AI arms race</li>
<li>Bloomberg News Senior Technology Reporter Kurt Wagner on Meta CEO Mark Zuckerberg&rsquo;s plan to cut resources for building the metaverse</li>
<li>Jimmy Lee, CEO, The Wealth Consulting Group, on the market outlook heading into 2026</li>
<li>Bloomberg News Consumer Reporter Jeanette Neumann on quarterly earnings from Ulta Beauty</li>
</ul>

Zuckerberg Plans to Cut Metaverse Group's Budget Up to 30%

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/2d506a0d-20c2-46f3-a327-b3aa000713c7/transcript

Holland, Michigan-based CraftCo. Brands has a diverse portfolio of craft spirits comprised of more than 30 spirits and liqueurs across the bourbon, gin, vodka, rye, and ready-to-drink categories. However, Bloomberg Intelligence notes that the use of weight-loss drugs stand to deepen alcohol's demand slump in the US and Europe, as moderation and wellness trends gain ground. 
Ali Anderson, the CEO of CraftCo., discusses the outlook for the spirits industry for 2026 and beyond, as well as changing consumer habits when it comes to consumption levels. Ali speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

Holland, Michigan-based CraftCo. Brands has a diverse portfolio of craft spirits comprised of more than 30 spirits and liqueurs across the bourbon, gin, vodka, rye, and ready-to-drink categories. However, Bloomberg Intelligence notes that the use of weight-loss drugs stand to deepen alcohol's demand slump in the US and Europe, as moderation and wellness trends gain ground. Ali Anderson, the CEO of CraftCo., discusses the outlook for the spirits industry for 2026 and beyond, as well as changing consumer habits when it comes to consumption levels. Ali speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

CraftCo. CEO on the Alcohol Business Outlook 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/630c89b2-ff9b-4263-abce-b3a801740f35/transcript

Jobs Data Threatened as Businesses Avoid Surveys

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