In just a few years, peptides have grown from fringe drugs popular with fitness buffs and ‘looksmaxxers’ to a billion-dollar black market. Now, with the prospect of regulation on the horizon, healthcare players and investors are racing to cash in.

On today’s Big Take podcast, Bloomberg reporters Amanda Mull and Madison Muller join host Sarah Holder to break down the peptide boom, the safety concerns surrounding it and how a friendly Trump administration could bring it into the mainstream.

Read more: Peptides Fuel a Multibillion-Dollar Startup Race

Hosted by Sarah Holder; Produced by Laura Newcombe, Victor Swezey; Reported by Amanda Mull, Madison Muller; Edited by Julia Weaver, Aaron Edwards.

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

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

In just a few years, peptides have grown from fringe drugs popular with fitness buffs and &lsquo;looksmaxxers&rsquo; to a billion-dollar black market. Now, with the prospect of regulation on the horizon, healthcare players and investors are racing to cash in.
On today&rsquo;s Big Take podcast, Bloomberg reporters Amanda Mull and Madison Muller join host Sarah Holder to break down the peptide boom, the safety concerns surrounding it and how a friendly Trump administration could bring it into the mainstream.
Read more:&nbsp;<a href="https://www.bloomberg.com/features/2026-peptide-legalization-gold-rush/">Peptides Fuel a Multibillion-Dollar Startup Race</a>
Hosted by Sarah Holder; Produced by Laura Newcombe, Victor Swezey; Reported by Amanda Mull, Madison Muller; Edited by Julia Weaver, Aaron Edwards.
Fact-checking by Julia Press; 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

The Underground Peptide Market Is Getting Ready to Go Mainstream

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/567a2cd1-0c1e-48fc-b1ad-b47b0163fb10/transcript

In the 2026 elections, artificial intelligence is the backdrop for just about everything.

The US and Anthropic reached a truce in recent days that lets the company roll out its powerful models to some users, the sort of on-the-fly decision-making that has candidates jockeying to shape how AI is regulated. Big AI companies are pouring money into 2026 state and federal races, dwarfing the cryptocurrency industry’s spending in 2024. And even as AI is fueling Americans’ anxiety about jobs and energy prices, it’s feeding them the ads and information that will shape their votes: According to one survey, 55% of US voters under the age of 45 are likely to use chatbots to learn about candidates and elections. 

On today’s Big Take podcast, Bloomberg’s Michael Shepard, a senior editor focusing on AI, joins David Gura to discuss what the first AI election means for our current moment.

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 Michael Shepard; Edited by Jeffrey Grocott.

Fact-checking by Victor Swezey, Julia Press and David Fox; Engineering by Emma Munger.

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

In the 2026 elections, artificial intelligence is the backdrop for just about everything.
The US and Anthropic reached a truce in recent days that lets the company roll out its powerful models to some users, the sort of on-the-fly decision-making that has candidates jockeying to shape how AI is regulated. Big AI companies are pouring money into 2026 state and federal races, dwarfing the cryptocurrency industry&rsquo;s spending in 2024. And even as AI is fueling Americans&rsquo; anxiety about jobs and energy prices, it&rsquo;s feeding them the ads and information that will shape their votes: According to <a href="bbg://news/stories/TH9KBUKIUPS3" data-cke-saved-href="bbg://news/stories/TH9KBUKIUPS3" data-web-url="https://www.bloomberg.com/news/features/2026-06-26/silicon-valley-money-drives-ai-s-growing-role-in-2026-us-elections" data-link-sanitized="true">one survey</a>, 55% of US voters under the age of 45 are likely to use chatbots to learn about candidates and elections.&nbsp;
On today&rsquo;s Big Take podcast, Bloomberg&rsquo;s Michael Shepard, a senior editor focusing on AI, joins David Gura to discuss what the first AI election means for our current moment.
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 Michael Shepard; Edited by Jeffrey Grocott.
Fact-checking by Victor Swezey, Julia Press and David Fox; Engineering by Emma Munger.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

‘Claude, How Should I Vote in 2026?’

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c93922b2-4086-45c9-ab1a-b47a013629f3/transcript

Thanks to the AI boom, stock markets in Taiwan and South Korea have seen historic rallies this year. But as retail investors pile in, often using borrowed money, concerns are growing over whether this momentum is sustainable.

On today’s Big Take Asia podcast, guest host Rebecca Choong Wilkins speaks with Bloomberg’s Asian markets reporter Charlotte Yang and Bloomberg Opinion’s Shuli Ren about the risks of betting on AI and how potential fallout could ripple beyond the region.

Read more: Taiwanese Go Deep Into Debt to Amp 100% Stock Rally 

Play Micron, Hynix and Samsung ETFs at Your Peril 

Hosted by Rebecca Choong Wilkins; Produced by Naomi Ng; Reported by Charlotte Yang, Shuli Ren, Chien-Hua Wan; Edited by Paddy Hirsch, Jiyeun Lee, Julia Weaver.

Fact-checking by Victor Swezey; Engineering by Taka Yasuzawa.

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

Thanks to the AI boom, stock markets in Taiwan and South Korea have seen historic rallies this year. But as retail investors pile in, often using borrowed money, concerns are growing over whether this momentum is sustainable.
On today&rsquo;s Big Take Asia podcast, guest host Rebecca Choong Wilkins speaks with Bloomberg&rsquo;s Asian markets reporter Charlotte Yang and Bloomberg Opinion&rsquo;s Shuli Ren about the risks of betting on AI and how potential fallout could ripple beyond the region.
Read more: <a href="https://www.bloomberg.com/news/articles/2026-06-23/tsmc-fueled-ai-frenzy-makes-taiwan-capital-of-leveraged-stock-bets">Taiwanese Go Deep Into Debt to Amp 100% Stock Rally</a>&nbsp;
<a href="https://www.bloomberg.com/opinion/articles/2026-06-24/play-micron-hynix-and-samsung-etfs-at-your-peril?srnd=undefined">Play Micron, Hynix and Samsung ETFs at Your Peril</a>&nbsp;
Hosted by Rebecca Choong Wilkins; Produced by Naomi Ng; Reported by Charlotte Yang, Shuli Ren, Chien-Hua Wan; Edited by Paddy Hirsch, Jiyeun Lee, Julia Weaver.
Fact-checking by Victor Swezey; Engineering by Taka Yasuzawa.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

Asia’s AI Stock Frenzy Is a Warning Sign for Global Markets

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/d8d6aa16-6dd9-4494-8eb8-b4790157a9cf/transcript

A divided Supreme Court has upheld the constitutional right to birthright citizenship, rejecting President Trump’s planned restrictions and invalidating a central plank of his immigration agenda. We have more on that story next from Bloomberg News Now, tracking the latest business headlines from around the world.

A divided Supreme Court has upheld the constitutional right to birthright citizenship, rejecting President Trump&rsquo;s planned restrictions and invalidating a central plank of his immigration agenda. We have more on that story next from Bloomberg News Now, tracking the latest business headlines from around the world.

Special Report: US Supreme Court Upholds Birthright Citizenship

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5c0242c4-71c0-4483-b692-b4790102ffc2/transcript

The Underground Peptide Market Is Getting Ready to Go Mainstream

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