Brazilian fintech company PicPay launched in 2012 as a digital wallet and now operates as a full-service digital bank with nearly 66 million customers. Controlled by the Batista family, owners of JBS, PicPay has posted strong revenue and profit growth, becoming one of the first major Brazilian companies to tap US equity markets since Nu Holdings’ blockbuster IPO in 2021. The offering was led by Citigroup, Bank of America, and Royal Bank of Canada. 

Eduardo Chedid is the CEO of PicPay. He has more than 20 years of experience in the electronic payment sector and has helped build PicPay into Brazil's third-largest digital bank. Eduardo discusses to firm's US market debut, and prospects for continued growth in the fintech sector with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

Brazilian fintech company PicPay launched in 2012 as a digital wallet and now operates as a full-service digital bank with nearly 66 million customers. Controlled by the Batista family, owners of JBS, PicPay has posted strong revenue and profit growth, becoming one of the first major Brazilian companies to tap US equity markets since Nu Holdings&rsquo; blockbuster IPO in 2021. The offering was led by Citigroup, Bank of America, and Royal Bank of Canada.&nbsp;
Eduardo Chedid is the CEO of PicPay. He has more than 20 years of experience in the electronic payment sector and has helped build PicPay into Brazil's third-largest digital bank. Eduardo discusses to firm's US market debut, and prospects for continued growth in the fintech sector with Carol Massar and Tim Stenovec 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

Picpay CEO Eduardo Chedid on the Rise of Brazil's Fintech Players

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/0ec93109-eed5-4ea0-be28-b3e5016d235e/transcript

Netflix forecast a second consecutive quarter of slowing sales growth, feeding investor anxiety about the streaming giant’s future.

The company projected revenue of $12.9 billion in the current quarter and earnings of 82 cents a share, both a little shy of analysts’ expectations. The shares fell as much as 9% in after-hours trading.Second-quarter results were in line with Wall Street’s consensus, but most of the attention has been on future performance.

Shares in Netflix have declined more than 40% over the last year, as the company’s pursuit of Warner Bros. Discovery Inc. and subsequent financial results have caused investors to worry that the leader in streaming has lost momentum.

For instant reaction and analysis, Bloomberg Businessweek Daily hosts Tim Stenovec and Carol Massar speak with:
Felix Gillette, Bloomberg News Media and Entertainment Editor
Eric Clark, Portfolio Manager, LOGO ETF and CIO, Accuvest Global Advisors
Geetha Ranganathan, Bloomberg Intelligence Senior Media Analyst
Ed Ludlow, Bloomberg Tech Host  

Netflix forecast a second consecutive quarter of slowing sales growth, feeding investor anxiety about the streaming giant&rsquo;s future. The company projected revenue of $12.9 billion in the current quarter and earnings of 82 cents a share, both a little shy of analysts&rsquo; expectations. The shares fell as much as 9% in after-hours trading.Second-quarter results were in line with Wall Street&rsquo;s consensus, but most of the attention has been on future performance. Shares in Netflix have declined more than 40% over the last year, as the company&rsquo;s pursuit of Warner Bros. Discovery Inc. and subsequent financial results have caused investors to worry that the leader in streaming has lost momentum. For instant reaction and analysis, Bloomberg Businessweek Daily hosts Tim Stenovec and Carol Massar speak with:
<ul>
<li>Felix Gillette, Bloomberg News Media and Entertainment Editor</li>
<li>Eric Clark, Portfolio Manager, LOGO ETF and CIO, Accuvest Global Advisors</li>
<li>Geetha Ranganathan, Bloomberg Intelligence Senior Media Analyst</li>
<li>Ed Ludlow, Bloomberg Tech Host &nbsp;</li>
</ul>

Instant Reaction: Netflix Disappoints Again with Slow Growth 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/25328502-16cb-43a8-819b-b4890165297b/transcript

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

The US launched fresh strikes against Iran on Thursday, the fifth straight day of attacks as shipping traffic slumped in the critical Strait of Hormuz.The attacks began at 2 p.m. ET, according to US Central Command, with US forces aiming to “further degrade Iranian military capabilities.”Iran responded to earlier strikes by firing at American bases in Kuwait and Jordan, with the Kuwaiti Armed Forces warning of explosions as a result of air-defense systems intercepting hostile targets.

On this episode, Carol Massar and Tim Stenovec speak with:
Nick Wadhams, Bloomberg News National Security Reporter
Ed Ludlow, Bloomberg Tech Host on TSMC, renewed/continuing AI trade worries
Madison Muller, Bloomberg News Healthcare Reporter on Lilly Strikes $3.8B Deal for Psychedelic Drugmaker and Merck’s $3,800-a-Year Cholesterol-Cutting Pill Gets FDA Nod
David George, Senior Research Analyst at Baird 

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF" data-destination="rte:bind">http://bit.ly/3vTiACF</a>. The US launched fresh strikes against Iran on Thursday, the fifth straight day of attacks as shipping traffic slumped in the critical Strait of Hormuz.The attacks began at 2 p.m. ET, according to US Central Command, with US forces aiming to &ldquo;further degrade Iranian military capabilities.&rdquo;Iran responded to earlier strikes by firing at American bases in Kuwait and Jordan, with the Kuwaiti Armed Forces warning of explosions as a result of air-defense systems intercepting hostile targets. On this episode, Carol Massar and Tim Stenovec speak with:
<ul>
<li>Nick Wadhams, Bloomberg News National Security Reporter</li>
<li>Ed Ludlow, Bloomberg Tech Host on TSMC, renewed/continuing AI trade worries</li>
<li>Madison Muller, Bloomberg News Healthcare Reporter&nbsp;on Lilly Strikes $3.8B Deal for Psychedelic Drugmaker and Merck&rsquo;s $3,800-a-Year Cholesterol-Cutting Pill Gets FDA Nod</li>
<li>David George, Senior Research Analyst at Baird&nbsp;</li>
</ul>

US Launches New Strikes on Iran as Hormuz Traffic Slumps

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/d02a5703-605c-4dfb-8916-b48901482406/transcript

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

A global study of more than 13,000 workers finds major life events – from returning to work after becoming a parent, to getting divorced and losing a loved one – can have a significant impact on people's health and wellbeing, contributing to an estimated $636 billion in lost productivity and 1.7 billion working days lost globally each year. Economic modelling suggests earlier mental health support before or during major life events could save $42 billion and recover 108 million working days annually. Those who took proactive steps such as talking to friends and family, seeking professional support or speaking to a healthcare provider, took an average of five fewer days off work due to better health, with 7 in 10 wishing they had taken earlier action to support their mental health before or during a major life event. Findings reveal a significant opportunity to improve health, boost the economy and help people navigate life's biggest moments through earlier mental health support.

For more, Carol Massar and Tim Stenovec speak with Sam Miley, Head of Forecasting and Thought Leadership at the Centre for Economics and Business Research and Andrea Christie-David, Director of Mental Health at Bupa, an international private healthcare company

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>. A global study of more than 13,000 workers finds major life events &ndash; from returning to work after becoming a parent, to getting divorced and losing a loved one &ndash; can have a significant impact on people's health and wellbeing, contributing to an estimated $636 billion in lost productivity and 1.7 billion working days lost globally each year. Economic modelling suggests earlier mental health support before or during major life events could save $42 billion and recover 108 million working days annually. Those who took proactive steps such as talking to friends and family, seeking professional support or speaking to a healthcare provider, took an average of five fewer days off work due to better health, with 7 in 10 wishing they had taken earlier action to support their mental health before or during a major life event. Findings reveal a significant opportunity to improve health, boost the economy and help people navigate life's biggest moments through earlier mental health support. For more, Carol Massar and Tim Stenovec speak with Sam Miley, Head of Forecasting and Thought Leadership at the Centre for Economics and Business Research and Andrea Christie-David, Director of Mental Health at Bupa, an international private healthcare company

Proactive Mental Health Support Can Support Global Economy

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/37b0cde5-7e8d-4ef2-9461-b488015568fa/transcript

Picpay CEO Eduardo Chedid on the Rise of Brazil's Fintech Players

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