As the $4.3 trillion hedge fund industry has boomed and competition for talent has intensified, firms are turning to a new strategy to get ahead: in-house boot camps. The goal is to mold promising new hires into future superstar traders.

Today on the show, Bloomberg’s Nishant Kumar joins host Sarah Holder to discuss what goes on inside these training programs — and what their rise means for the future of the industry.

Read more: Hedge Fund Talent Schools Are Looking for the Perfect Trader

As the $4.3 trillion hedge fund industry has boomed and competition for talent has intensified, firms are turning to a new strategy to get ahead: in-house boot camps. The goal is to mold promising new hires into future superstar traders. Today on the show, Bloomberg’s Nishant Kumar joins host Sarah Holder to discuss what goes on inside these training programs — and what their rise means for the future of the industry. Read more: <a href="https://www.bloomberg.com/news/articles/2024-06-19/giant-hedge-funds-citadel-and-point72-are-trying-to-create-the-perfect-trader?srnd=bigtake">Hedge Fund Talent Schools Are Looking for the Perfect Trader</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

Inside the Hedge Fund Boot Camps Creating Star Traders

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e27a4aa0-4846-484a-bc27-b194013ff926/transcript

What is the best way to tell a climate story? This week on Zero, Akshat Rathi speaks with Booker Prize-winning novelist George Saunders. His new novel Vigil is an exploration of guilt, told on the deathbed of an oil executive haunted by ghosts. Rathi asks Saunders what he learned about climate change, his thoughts on whether AI complements or compromises human creativity, and why literature still matters in the era of TikTok.

Listen now, and subscribe on Apple, Spotify or YouTube to get new episodes of Zero every Thursday.

What is the best way to tell a climate story? This week on Zero, Akshat Rathi speaks with Booker Prize-winning novelist George Saunders. His new novel&nbsp;Vigil is an exploration of guilt, told on the deathbed of an oil executive haunted by ghosts. Rathi asks Saunders what he learned about climate change, his thoughts on whether AI complements or compromises human creativity, and why literature still matters in the era of TikTok.
Listen now, and subscribe on&nbsp;<a href="https://podcasts.apple.com/us/podcast/zero/id1621556928">Apple</a>, <a href="https://open.spotify.com/show/5rHwnJEjFRnivIdpWwnZyZ?si=985034d7e76a47a0">Spotify</a> or <a href="https://www.youtube.com/playlist?list=PLe4PRejZgr0MtnA98Xp8igGT9S3Na_zDD">YouTube</a> to get new episodes of Zero every Thursday.

Weekend Listen: George Saunders Imagines an Oil Exec’s Deathbed

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/97035b65-94db-439e-97ab-b3e9015549e6/transcript

When the Seattle Seahawks take on the New England Patriots on Sunday, more than $2.6 billion in wagers will be on the line. A growing share — $800 million — will come through prediction markets like Kalshi and Polymarket that are transforming how sports betting works in the US.

On today’s Big Take podcast, professional sports gambler Rufus Peabody discusses why he has shifted more of his betting to prediction markets. And markets reporter Justina Lee  and sports business reporter Ira Boudway sit down with host David Gura to discuss why these markets are drawing pros like Peabody — and the concerns the platforms raise for regulators and traditional sportsbooks.

Read more: Gambling Pros Adjust to a Super Bowl on the Prediction Markets

Hosted by David Gura; Produced by Julia Press; Reported by Justina Lee and Ira Boudway; Edited by 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.

When the Seattle Seahawks take on the New England Patriots on Sunday, more than $2.6 billion in wagers will be on the line. A growing share &mdash; $800 million &mdash; will come through prediction markets like Kalshi and Polymarket that are transforming how sports betting works in the US.
On today&rsquo;s Big Take podcast, professional sports gambler Rufus Peabody discusses why he has shifted more of his betting to prediction markets. And markets reporter Justina Lee&nbsp; and sports business reporter Ira Boudway sit down with host David Gura to discuss why these markets are drawing pros like Peabody &mdash; and the concerns the platforms raise for regulators and traditional sportsbooks.
Read more:&nbsp;<a href="https://www.bloomberg.com/news/articles/2026-02-05/super-bowl-lx-is-bringing-professional-gamblers-to-prediction-markets?srnd=undefined">Gambling Pros Adjust to a Super Bowl on the Prediction Markets</a>
Hosted by David Gura; Produced by Julia Press; Reported by Justina Lee and Ira Boudway; Edited by 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.

Betting on Sunday’s Game? Here’s Who You’re Up Against

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/9c99ab00-2581-45dd-9129-b3e9013cd74c/transcript

Shares of Novo Nordisk were down Thursday morning after Hims & Hers introduced a compounded version of its Wegovy pill. The dip came two days after Novo predicted its sales could drop as much as 13% this year as the company factors in competition from generic drugs that could crop up as its patents expire around the world.

On today’s Big Take podcast, Bloomberg reporters Naomi Kresge and Amber Tong talk to host David Gura about the year ahead for weight-loss drugs, from compounded products cutting into leading companies’ market share to generics that could upend the market globally.

Read more: Generic Ozempic Makers Are Coming to Upend the Obesity Market

Further listening: 
Welcome To Ozempictown, USA (No, It’s Not Hollywood)
Cheap Ozempic Copycats Are Everywhere. Are They Safe?

Hosted by David Gura; Produced by David Fox and Rachael Lewis-Krisky; Reported by Amber Tong and Naomi Kresge; Edited by Aaron Edwards.

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

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

Shares of Novo Nordisk were down Thursday morning after Hims &amp; Hers introduced a compounded version of its Wegovy pill. The dip came two days after Novo predicted its sales could drop as much as 13% this year as the company factors in competition from generic drugs that could crop up as its patents expire around the world.
On today&rsquo;s Big Take podcast, Bloomberg reporters Naomi Kresge and Amber Tong talk to host David Gura about the year ahead for weight-loss drugs, from compounded products cutting into leading companies&rsquo; market share to generics that could upend the market globally.
Read more: <a href="https://www.bloomberg.com/news/features/2026-01-14/novo-nordisk-braces-as-generic-weight-loss-drugs-come-to-upend-market">Generic Ozempic Makers Are Coming to Upend the Obesity Market</a>
Further listening:&nbsp;
<ul>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2024-08-07/ozempic-to-lose-weight-transforms-local-economy-in-kentucky">Welcome To Ozempictown, USA (No, It&rsquo;s Not Hollywood)</a></li>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2024-07-23/are-ozempic-wegovy-mounjaro-zepbound-knockoff-drugs-safe">Cheap Ozempic Copycats Are Everywhere. Are They Safe?</a></li>
</ul>
Hosted by David Gura; Produced by David Fox and Rachael Lewis-Krisky; Reported by Amber Tong and Naomi Kresge; Edited by Aaron Edwards.
Fact-checking by Eleanor Harrison-Dengate; Engineering by Alex Sugiura.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

Generic Versions of Weight Loss Drugs Will Upend the Market

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/368866a2-338c-451a-b8f8-b3e801383071/transcript

Inside the Hedge Fund Boot Camps Creating Star Traders

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