Narendra Modi’s Bharatiya Janata Party lost its majority in India’s parliament. The stunning blow is forcing Modi to rely on allies to form a government for the first time since he stormed to power a decade ago.

On today’s episode of The Big Take Asia, host K. Oanh Ha digs into India’s 2024 general election results with Bloomberg reporter Sudhi Ranjan Sen on the ground in New Delhi. And Milan Vaishnav, senior fellow and director of the South Asia Program at the Carnegie Endowment for International Peace, delves into what the results mean for both India and the world. 

Read more: India Election Results

To hear more from Milan Vaishnav listen to his podcast, Grand Tamasha.

To hear more about our coverage of Narendra Modi, listen to our series, The Rise of Modi.

Narendra Modi’s Bharatiya Janata Party lost its majority in India’s parliament. The stunning blow is forcing Modi to rely on allies to form a government for the first time since he stormed to power a decade ago.
On today’s episode of The Big Take Asia, host K. Oanh Ha digs into India’s 2024 general election results with Bloomberg reporter Sudhi Ranjan Sen on the ground in New Delhi. And Milan Vaishnav, senior fellow and director of the South Asia Program at the Carnegie Endowment for International Peace, delves into what the results mean for both India and the world.  Read more: <a href="https://www.bloomberg.com/graphics/2024-india-election/?itm_source=record&amp;itm_campaign=India_Elections&amp;itm_content=Election_Results-0">India Election Results </a>To hear more from Milan Vaishnav listen to his podcast, <a href="https://podcasts.apple.com/us/podcast/decoding-the-indian-economy/id1453878698?i=1000651250091">Grand Tamasha</a>. To hear more about our coverage of Narendra Modi, listen to our series, <a href="https://podcasts.apple.com/us/podcast/the-rise-of-modi-part-1-why-indias-leader-is-so/id1578096201?i=1000655592844">The Rise of Modi.</a>

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

We’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the world's most dynamic economies - and the markets, tycoons and businesses that drive the ever-shifting region.

We’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the world's most dynamic economies - and the markets, tycoons and businesses that drive the ever-shifting region.

Big Take Asia

A Stunning Election Result in India as Modi and BJP Fall Short

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/22712c0f-56e6-43c7-be82-b185016a07d5/transcript

The launch of Moonshot AI’s Kimi K3 model has taken the tech world — and Washington — by storm, raising urgent questions about how a Chinese startup can suddenly rival the world's most powerful AI systems.

On today’s Big Take Asia podcast, host Oanh Ha speaks with Bloomberg’s Mark Anderson about the distillation method behind Moonshot’s breakthrough and what it means for the high-stakes AI race between the US and China.

Read more: Moonshot Plans IPO in Six Months After China AI Breakthrough

The launch of Moonshot AI&rsquo;s Kimi K3 model has taken the tech world &mdash; and Washington &mdash; by storm, raising urgent questions about how a Chinese startup can suddenly rival the world's most powerful AI systems.
On today&rsquo;s Big Take Asia podcast, host Oanh Ha speaks with Bloomberg&rsquo;s Mark Anderson about the distillation method behind Moonshot&rsquo;s breakthrough and what it means for the high-stakes AI race between the US and China.
Read more:&nbsp;<a href="https://www.bloomberg.com/news/articles/2026-07-19/china-s-moonshot-plans-ipo-in-six-months-after-ai-breakthrough">Moonshot Plans IPO in Six Months After China AI Breakthrough</a>

The Chinese AI Model Rattling Silicon Valley and Washington

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/b394d917-ac7d-46f8-8513-b4a4014f7a44/transcript

The online shopping app Phia raised over $43 million and captured media attention for its A-list investors and its high-profile co-founders — Phoebe Gates, daughter of Bill Gates, and her college roommate and podcast co-host Sophia Kianni.

But Bloomberg reporting suggests that Phia was pushing features that took credit for sales it didn’t drive. On today’s Big Take podcast, Bloomberg technology editor Olivia Solon shares her reporting on Phia and what the startup’s founders may have known about those features.

Read more: 
Gates Heir’s Shopping App Claimed Sales It Didn’t Drive
Phoebe Gates Knew Phia Shopping App Took Credit for Sales It Didn’t Drive

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Produced by Julia Press; Reported by Olivia Solon.

Fact-checking by Victor Swezey and Brunella Tipismana Urbano; Engineering by Alex Sugiura and Emma Munger.

Senior Producer and Editor: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

The online shopping app Phia raised over $43 million and captured media attention for its A-list investors and its high-profile co-founders &mdash; Phoebe Gates, daughter of Bill Gates, and her college roommate and podcast co-host Sophia Kianni.
But Bloomberg reporting suggests that Phia was pushing features that took credit for sales it didn&rsquo;t drive. On today&rsquo;s Big Take podcast, Bloomberg technology editor Olivia Solon shares her reporting on Phia and what the startup&rsquo;s founders may have known about those features.
Read more:&nbsp;
<ul>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2026-07-09/gates-heir-s-shopping-app-took-credit-for-sales-it-didn-t-drive">Gates Heir&rsquo;s Shopping App Claimed Sales It Didn&rsquo;t Drive</a></li>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2026-08-11/phia-app-co-founders-pushed-for-features-taking-credit-for-sales-it-didn-t-drive?srnd=undefined">Phoebe Gates Knew Phia Shopping App Took Credit for Sales It Didn&rsquo;t Drive</a></li>
</ul>
We have a special Bloomberg subscription offer for podcast listeners at <a href="https://www.bloomberg.com/subscriptions/podcasts">Bloomberg.com/podcastoffer.</a>
Hosted by Sarah Holder; Produced by Julia Press; Reported by Olivia Solon.
Fact-checking by Victor Swezey and Brunella Tipismana Urbano; Engineering by Alex Sugiura and Emma Munger.
Senior Producer and Editor: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

The Controversy at Phia, Phoebe Gates’ Buzzy Startup

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/aa408535-c169-46d7-bb29-b4a3014b56c5/transcript

US Treasury Secretary Scott Bessent’s move to prop up the yen was as surprising as its impact was fleeting. By Monday, the yen lost half of its gains since last month’s intervention, raising questions about what comes next.

On today’s Big Take podcast, Bloomberg’s Daniel Flatley and Chris Anstey join David Gura to break down Bessent’s unorthodox currency strategy and to explore how far Bessent might be willing to go to support another country’s currency.

Read more:

How Bessent Brings a ‘Buy-Side’ Mindset to Economic Statecraft

Behind Bessent Moves, Wall Street Sees a Bond-Market Angst

Listen More:

Why a Weak Yen Is America’s Problem

Carry Trades, Explained

Hosted by David Gura; Produced by Laura Newcombe and David Fox; Reported by Daniel Flatley and Chris Anstey; Edited by Jeffrey Grocott.

Fact-checking by Victor Swezey and Brunella Tipismana Urbano; Engineering by Emma Munger.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

US Treasury Secretary Scott Bessent&rsquo;s move to prop up the yen was as surprising as its impact was fleeting. By Monday, the yen lost half of its gains since last month&rsquo;s intervention, raising questions about what comes next.
On today&rsquo;s Big Take podcast, Bloomberg&rsquo;s Daniel Flatley and Chris Anstey join David Gura to break down Bessent&rsquo;s unorthodox currency strategy and to explore how far Bessent might be willing to go to support another country&rsquo;s currency.
Read more:
<a href="https://www.bloomberg.com/news/newsletters/2026-08-07/how-bessent-brings-a-buy-side-mindset-to-economic-statecraft">How Bessent Brings a &lsquo;Buy-Side&rsquo; Mindset to Economic Statecraft</a>
<a href="https://www.bloomberg.com/news/articles/2026-08-09/behind-bessent-moves-wall-street-sees-sign-of-bond-market-angst">Behind Bessent Moves, Wall Street Sees a Bond-Market Angst</a>
Listen More:
<a href="https://podcasts.apple.com/us/podcast/why-a-weak-yen-is-americas-problem/id1578096201?i=1000779936408">Why a Weak Yen Is America&rsquo;s Problem</a>
<a href="https://podcasts.apple.com/us/podcast/carry-trades-explained/id1746141911?i=1000668218834">Carry Trades, Explained</a>
Hosted by David Gura; Produced by Laura Newcombe and David Fox; Reported by Daniel Flatley and Chris Anstey; Edited by Jeffrey Grocott.
Fact-checking by Victor Swezey and Brunella Tipismana Urbano; Engineering by Emma Munger.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

The Hedge Fund Toolkit Behind the Yen Intervention

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/1d212339-5e2d-4b50-b9f5-b4a20150b7d8/transcript

A Stunning Election Result in India as Modi and BJP Fall Short

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