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

The Disturbing Extortion Scheme Targeting Teen Boys

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/fd479b9b-5976-4797-92af-b25d015777ad/transcript

The path to the future of the Democratic Party — and to the White House in 2028 — may well run through Michigan. The state’s upcoming Democratic primary election is a highly anticipated showdown between a Democratic-Socialist-backed candidate and a centrist one, who are vying for both a crucial seat in the US Senate and a major say in the party’s priorities.

On today’s Big Take podcast, host David Gura sits down with senior political correspondent Nancy Cook and Bloomberg Opinions’ Ronald Brownstein to unpack the stakes of the Democratic primaries in this midterm cycle and what they could reveal about the party’s future.

Read more: 
How the Michigan Primary Could Shape the Midterms
Democrats’ 2028 Map Reshapes the Fight Between Left and Center  

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 Nancy Cook and Ronald Brownstein; Edited by Naomi Shavin. Fact-checking by Laura Newcombe and Victor Swezey; Engineering by Sean Carter. Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

The path to the future of the Democratic Party &mdash; and to the White House in 2028 &mdash; may well run through Michigan. The state&rsquo;s upcoming Democratic primary election is a highly anticipated showdown between a Democratic-Socialist-backed candidate and a centrist one, who are vying for both a crucial seat in the US Senate and a major say in the party&rsquo;s priorities.
On today&rsquo;s Big Take podcast, host David Gura sits down with senior political correspondent Nancy Cook and Bloomberg Opinions&rsquo; Ronald Brownstein to unpack the stakes of the Democratic primaries in this midterm cycle and what they could reveal about the party&rsquo;s future.
Read more:&nbsp;
<ul>
<li><a href="https://www.bloomberg.com/news/newsletters/2026-07-27/how-the-michigan-primary-could-shape-the-midterms">How the Michigan Primary Could Shape the Midterms</a></li>
<li><a href="https://www.bloomberg.com/opinion/articles/2026-07-27/democrats-2028-primary-map-sharpens-their-center-left-split">Democrats&rsquo; 2028 Map Reshapes the Fight Between Left and Center</a> &nbsp;</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 David Gura; Produced by Rachael Lewis-Krisky; Reported by Nancy Cook and Ronald Brownstein; Edited by Naomi Shavin. Fact-checking by Laura Newcombe and Victor Swezey; Engineering by Sean Carter. Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

The Future of the Democratic Party Runs Through Michigan

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/232d5d33-09b2-4412-831f-b4980126641a/transcript

From margarine to chocolate treats, some brands are swapping in cheaper ingredients to save money on their most beloved products. It’s a trend known as “skimpflation.” But what happens when consumers start to notice?

On today’s Big Take podcast, Stacey Vanek Smith hears from Brad Reese, grandson of the Reese’s Peanut Butter Cup creator, about his crusade against the practice, the multi-million-dollar cottage industry that’s formed around it and the economic conditions that got us here in the first place.

Read more: How Brands Sneak In Cheaper Ingredients to Protect Their Profit Margins

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

From margarine to chocolate treats, some brands are swapping in cheaper ingredients to save money on their most beloved products. It&rsquo;s a trend known as &ldquo;skimpflation.&rdquo; But what happens when consumers start to notice?
On today&rsquo;s Big Take podcast, Stacey Vanek Smith hears from Brad Reese, grandson of the Reese&rsquo;s Peanut Butter Cup creator, about his crusade against the practice, the multi-million-dollar cottage industry that&rsquo;s formed around it and the economic conditions that got us here in the first place.
Read more:&nbsp;<a href="https://www.bloomberg.com/news/articles/2026-07-14/from-chocolate-to-orange-juice-more-brands-sneak-in-cheaper-ingredients?srnd=phx-businessweek">How Brands Sneak In Cheaper Ingredients to Protect Their Profit Margins</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>

‘Skimpflation’ Could Be the Sneakiest Consumer Grift

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/b66d3747-a46d-4ff6-acb6-b4970162d7b6/transcript

With the US midterms fast approaching, voters and the media are increasingly looking to a new forecasting tool: prediction markets.

The leading platforms, Kalshi and Polymarket, have been touted as a truth serum for political forecasting — arenas for mass betting that reveal what people really think when they’ve got money on the line. But a new Bloomberg investigation has found evidence that these markets are vulnerable to manipulation.

On today’s Big Take podcast, host Sarah Holder and Bloomberg investigative reporter Liam Vaughan dig into what can happen when prediction markets mix with politics — and how cheap and easy it can be to sway them.

Read more: How a Few Hundred Dollars Could Manipulate Election Prediction Markets

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

Hosted by Sarah Holder; Produced by Victor Swezey and David Fox; Reported by Liam Vaughan; Edited by Tracey Samuelson.

Fact-checking by Julia Press; Engineering by Alex Sugiura.

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

With the US midterms fast approaching, voters and the media are increasingly looking to a new forecasting tool: prediction markets.
The leading platforms, Kalshi and Polymarket, have been touted as a truth serum for political forecasting &mdash; arenas for mass betting that reveal what people really think when they&rsquo;ve got money on the line. But a new Bloomberg investigation has found evidence that these markets are vulnerable to manipulation.
On today&rsquo;s Big Take podcast, host Sarah Holder and Bloomberg investigative reporter Liam Vaughan dig into what can happen when prediction markets mix with politics &mdash; and how cheap and easy it can be to sway them.
Read more: <a href="https://www.bloomberg.com/news/features/2026-07-29/manipulation-threat-taints-kalshi-and-polymarket-claims-as-political-forecasters?srnd=undefined">How a Few Hundred Dollars Could Manipulate Election Prediction Markets</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 Victor Swezey and David Fox; Reported by Liam Vaughan; Edited by Tracey Samuelson.
Fact-checking by Julia Press; Engineering by Alex Sugiura.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

Can We Trust Election Prediction Markets?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/09387b14-ff8c-4237-b3c1-b496015934ee/transcript

The Disturbing Extortion Scheme Targeting Teen Boys

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