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