The US government is required to pay back $166 billion in revenue it collected as part of sweeping global tariffs struck down by the Supreme Court earlier this year.

On today’s Big Take podcast, host David Gura talks with Bloomberg economics reporter Laura Curtis and a trade expert in the field about the logistics of that payout, whether any of that money will reach consumers and how political pressure might push some companies to skip a refund altogether.

Read more: 
Oaktree Capital Accuses BJ’s of Breaching Tariff Refund Deal 
In Tariff Refund Process, First Payment Set to Go Out May 11 

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

Hosted by David Gura; Produced by Rachael Lewis-Krisky; Reported by Laura Curtis; Edited by Jeffrey Grocott and Tracey Samuelson.

Fact-checking by Eleanor Harrison-Dengate; Engineering by Alex Sugiura.

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

The US government is required to pay back $166 billion in revenue it collected as part of sweeping global tariffs struck down by the Supreme Court earlier this year.
On today&rsquo;s Big Take podcast, host David Gura talks with Bloomberg economics reporter Laura Curtis and a trade expert in the field about the logistics of that payout, whether any of that money will reach consumers and how political pressure might push some companies to skip a refund altogether.
Read more:&nbsp;
<ul>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2026-04-28/oaktree-capital-accuses-bj-s-of-reneging-on-tariff-refund-trade">Oaktree Capital Accuses BJ&rsquo;s of Breaching Tariff Refund Deal</a>&nbsp;</li>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2026-04-28/in-tariff-refund-process-us-says-15-of-entries-denied-so-far">In Tariff Refund Process, First Payment Set to Go Out May 11</a>&nbsp;</li>
</ul>
We have a special Bloomberg subscription offer for podcast listeners at&nbsp;<a href="https://www.bloomberg.com/subscriptions/podcasts">Bloomberg.com/podcastoffer.</a>
Hosted by David Gura; Produced by Rachael Lewis-Krisky; Reported by Laura Curtis; Edited by Jeffrey Grocott and Tracey Samuelson.
Fact-checking by Eleanor Harrison-Dengate; Engineering by Alex Sugiura.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

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

How the US Government Plans to Refund $166 Billion in Tariffs

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/95ec8d94-74b4-4963-b71e-b43c015f2d78/transcript

Amid the nervousness about whether AI will replace human workers, one company has been aggressively seeking professionals. The San Francisco startup, Mercor, isn’t hiring experts to perform their jobs; it’s paying them an hourly rate to teach their daily routines to AI agents. 

On today’s Big Take podcast, reporter Tom Foster takes host Sarah Holder into the world of Mercor — why professionals are signing up to train the AI that could take over parts of their jobs and how the company’s founders want to remake white-collar work.

Read more: 
The $10 Billion Startup Training AI to Replace the White-Collar Workforce
Amazon to Sell OpenAI Tech After Microsoft Cedes Exclusivity

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

Hosted by Sarah Holder; Produced by Julia Press; Reported by Tom Foster; Edited by Jeffrey Grocott.

Fact-checking by Eleanor Harrison-Dengate and Rachael Lewis-Krisky; Engineering by Alex Sugiura.

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

Amid the nervousness about whether AI will replace human workers, one company has been aggressively seeking professionals. The San Francisco startup, Mercor, isn&rsquo;t hiring experts to perform their jobs; it&rsquo;s paying them an hourly rate to teach their daily routines to AI agents.&nbsp;
On today&rsquo;s Big Take podcast, reporter Tom Foster takes host Sarah Holder into the world of Mercor &mdash; why professionals are signing up to train the AI that could take over parts of their jobs and how the company&rsquo;s founders want to remake white-collar work.
Read more:&nbsp;
<ul>
<li aria-level="1"><a href="https://www.bloomberg.com/news/features/2026-04-16/ai-company-hiring-on-linkedin-wants-to-train-your-replacement-at-work">The $10 Billion Startup Training AI to Replace the White-Collar Workforce</a></li>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2026-04-28/amazon-set-to-sell-openai-tech-after-microsoft-cedes-exclusivity?srnd=phx-technology">Amazon to Sell OpenAI Tech After Microsoft Cedes Exclusivity</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 Tom Foster; Edited by Jeffrey Grocott.
Fact-checking by Eleanor Harrison-Dengate and Rachael Lewis-Krisky; Engineering by Alex Sugiura.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

The $10 Billion Startup Training AI to Do Your Job

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5e6c2e40-a4e4-4284-a30a-b43b015114c7/transcript

As global attention is focused on war in the Middle East, North Korea has been accelerating its nuclear and missile program — testing new weapons and producing more warheads.

On today’s Big Take Asia podcast, host K. Oanh Ha speaks with Bloomberg’s Jon Herskovitz on Kim Jong Un’s aggressive nuclear buildup and the strain that puts on US defenses.

Read more: North Korea’s Nuclear Arsenal is Outgrowing the US Missile Defenses

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

Hosted by K. Oanh Ha; Produced by Naomi Ng; Reported by Jon Herskovitz, Soo-Hyang Choi; Edited by Paddy Hirsch.

Fact-checking by Yang Yang; Engineering by Taka Yasuzawa.

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

As global attention is focused on war in the Middle East, North Korea has been accelerating its nuclear and missile program &mdash; testing new weapons and producing more warheads.
On today&rsquo;s Big Take Asia podcast, host K. Oanh Ha speaks with Bloomberg&rsquo;s Jon Herskovitz on Kim Jong Un&rsquo;s aggressive nuclear buildup and the strain that puts on US defenses.
Read more: <a href="https://www.bloomberg.com/graphics/2026-north-korea-nuclear-arsenal/">North Korea&rsquo;s Nuclear Arsenal is Outgrowing the US Missile Defenses</a>
We have a special Bloomberg subscription offer for podcast listeners at&nbsp;<a href="https://www.bloomberg.com/subscriptions/podcasts">Bloomberg.com/podcastoffer.</a>
Hosted by K. Oanh Ha; Produced by Naomi Ng; Reported by Jon Herskovitz, Soo-Hyang Choi; Edited by Paddy Hirsch.
Fact-checking by Yang Yang; Engineering by Taka Yasuzawa.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

North Korea’s Nuclear Program Reaches Tipping Point for the US

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/66252b54-6ce5-4962-b7db-b43a010f0e0e/transcript

Global markets have been remarkably resilient amid major geopolitical and economic disruptions, from the Iran war to US tariffs, as investors find cause for optimism in strong earnings and AI.

On today’s Big Take podcast, Sarah Holder talks with Asia equities reporter Winnie Hsu, and Ruth Carson, chief FX/Rates correspondent in Asia, about what has kept markets strong — and what could shake them.

Read more: Five Reasons Global Markets Are Holding Up Despite War in Iran

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

Hosted by Sarah Holder; Produced by David Fox; Reported by Winnie Hsu and Ruth Carson; Edited by Tracey Samuelson and Jeffrey Grocott.

Fact-checking by Eleanor Harrison-Dengate; Engineering by Katie McMurran.

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

Global markets have been remarkably resilient amid major geopolitical and economic disruptions, from the Iran war to US tariffs, as investors find cause for optimism in strong earnings and AI.
On today&rsquo;s Big Take podcast, Sarah Holder talks with Asia equities reporter Winnie Hsu, and Ruth Carson, chief FX/Rates correspondent in Asia, about what has kept markets strong &mdash; and what could shake them.
Read more: <a href="https://www.bloomberg.com/news/articles/2026-04-23/five-reasons-global-markets-are-holding-up-despite-war-in-iran">Five Reasons Global Markets Are Holding Up Despite War in Iran</a>
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 David Fox; Reported by Winnie Hsu and Ruth Carson; Edited by Tracey Samuelson and Jeffrey Grocott.
Fact-checking by Eleanor Harrison-Dengate; Engineering by Katie McMurran.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

The Stock Market’s ‘Curious Exuberance’ Despite the Iran War

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e682a5fe-309d-4917-afc5-b439015f6933/transcript

How the US Government Plans to Refund $166 Billion in Tariffs

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