Bloomberg News Tech Reporter Sarah Frier explains why Facebook is losing another long-tenured founder from an acquired company as Brendan Iribe, who was the chief executive officer of Oculus VR when Facebook bought it in 2014, steps down. Gillian Tan, Bloomberg News Senior Reporter, discusses how Blackstone reduced fees for Saudi Arabia to get a commitment to help build the world’s largest infrastructure fund. Bryant VanCronkhite, Senior Portfolio Manager at Wells Fargo Asset Management, discusses investing in small and mid-cap stocks. Paul Rabil, Major League Lacrosse player, talks about creating the Premier Lacrosse League. And we Drive to the Close of the market with Michael Sheldon, Chief Investment Officer at RDM Financial.

Hosts: Carol Massar and Jason Kelly. Producer: Paul Brennan 

Bloomberg News Tech Reporter Sarah Frier explains why Facebook is losing another long-tenured founder from an acquired company as Brendan Iribe, who was the chief executive officer of Oculus VR when Facebook bought it in 2014, steps down. Gillian Tan, Bloomberg News Senior Reporter, discusses how Blackstone reduced fees for Saudi Arabia to get a commitment to help build the world’s largest infrastructure fund. Bryant VanCronkhite, Senior Portfolio Manager at Wells Fargo Asset Management, discusses investing in small and mid-cap stocks. Paul Rabil, Major League Lacrosse player, talks about creating the Premier Lacrosse League. And we Drive to the Close of the market with Michael Sheldon, Chief Investment Officer at RDM Financial.Hosts: Carol Massar and Jason Kelly. Producer: Paul Brennan

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

Oculus’s Iribe Leaves Facebook, Blackstone Lands $20 Billion From Saudis, Premier Lacrosse League

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/8c3623a1-aad4-4381-8ab6-ae2b00af2ca1/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 said he would meet again with Chinese leader Xi Jinping in November, following what he said was a successful summit in Washington that was seemingly light on concrete policy outcomes. Meanwhile, oil prices declined on tentative signs that talks between the US and Iran to reopen the world’s most important energy shipping route were progressing. 

On today's episode:

- Jennifer Welch, Chief Geoeconomics Analyst for Bloomberg Economics
- Mekala Krishnan, Partner at the McKinsey Global Institute
- Carolyn Rodrigues Birkett, Permanent Representative of Guyana to the UN
- Rudina Seseri, Founder & Managing Partner at Glasswing Ventures

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 said he would meet again with Chinese leader Xi Jinping in November, following what he said was a successful summit in Washington that was seemingly light on concrete policy outcomes. Meanwhile, oil prices declined on tentative signs that talks between the US and Iran to reopen the world&rsquo;s most important energy shipping route were progressing.&nbsp;
On today's episode:
- Jennifer Welch, Chief Geoeconomics Analyst for Bloomberg Economics - Mekala Krishnan, Partner at the McKinsey Global Institute - Carolyn Rodrigues Birkett, Permanent Representative of Guyana to the UN - Rudina Seseri, Founder &amp; Managing Partner at Glasswing Ventures

Trump Says He’ll Meet Xi Twice More This Year

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/13a78187-adbc-4a22-bda4-b4d10000b388/transcript

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."
Hosted by Carol Massar and Tim Stenovec

Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.
Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily." Hosted by Carol Massar and Tim Stenovec Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio. You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News. Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

Bloomberg Businessweek Weekend - September 25th, 2026

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/989deae2-9ee3-432b-a30e-b4d000ec00a2/transcript

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

Oracle Corp. is moving to shield itself from racking up expenses on a massive data center being built in New Mexico, adding a fresh wrinkle to a project beset by opposition and regulatory setbacks.
The technology giant sent the project’s developer, a unit of Blue Owl Capital Inc., a notice citing force majeure, according to people familiar with the situation. Rather than trying to walk away as the site’s main tenant, Oracle is attempting to put off payments should the data center dubbed Project Jupiter get derailed and fail to come online in 2028 as planned, the people said, asking not to be identified discussing private matters. Companies typically invoke force majeure to free themselves from contractual obligations when problems arise beyond their control. In this case, Oracle is seeking to assert its contractual position if the build-out is delayed.

For a closer look, we speak with Anurag Rana, Senior Tech Analyst for Bloomberg Intelligence.

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> Oracle Corp. is moving to shield itself from racking up expenses on a massive data center being built in New Mexico, adding a fresh wrinkle to a project beset by opposition and regulatory setbacks. The technology giant sent the project&rsquo;s developer, a unit of Blue Owl Capital Inc., a notice citing force majeure, according to people familiar with the situation. Rather than trying to walk away as the site&rsquo;s main tenant, Oracle is attempting to put off payments should the data center dubbed Project Jupiter get derailed and fail to come online in 2028 as planned, the people said, asking not to be identified discussing private matters. Companies typically invoke force majeure to free themselves from contractual obligations when problems arise beyond their control. In this case, Oracle is seeking to assert its contractual position if the build-out is delayed. For a closer look, we speak with Anurag Rana, Senior Tech Analyst for Bloomberg Intelligence.

 Oracle's Force Majeure

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/22b0d544-f7a7-4c74-97df-b4cf01507926/transcript

Oculus’s Iribe Leaves Facebook, Blackstone Lands $20 Billion From Saudis, Premier Lacrosse League

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