On today’s Big Take podcast, we trace the origin of Loro Piana’s $9,000 vicuña sweaters to the Andes mountains. Bloomberg’s Marcelo Rochabrun joins host Sarah Holder to unspool what it all means for the Indigenous communities that harvest the wool.

On today’s Big Take podcast, we trace the origin of Loro Piana’s $9,000 vicuña sweaters to the Andes mountains. Bloomberg’s Marcelo Rochabrun joins host Sarah Holder to unspool what it all means for the Indigenous communities that harvest the wool.

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 Vicuñas and the $9,000 Sweater

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ce4a3c54-fcf4-4043-91c1-b132015af470/transcript

The Strait of Hormuz is now open. In a social media post Friday morning, Iran’s Foreign Minister wrote that Iran will be letting ships through the vital waterway for the duration of a 10-day ceasefire in Lebanon. Oil prices fell, and President Trump celebrated. But Iran’s announcement came with a big caveat: Travel must use a “coordinated route,” specified by Iran.

On today’s Big Take, host David Gura and Bloomberg’s Middle East breaking news editor, Patrick Sykes, talk through Iran’s dramatic reversal, how open the Strait of Hormuz really is — and how long the latest ceasefire might hold.

This is a developing story. We are live blogging at Bloomberg.com with the latest from across the globe.

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

Hosted by David Gura; Produced by Rachael Lewis-Krisky and David Fox; Reported by Patrick Sykes; Edited by Tracey Samuelson.

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

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

The Strait of Hormuz is now open. In a social media post Friday morning, Iran&rsquo;s Foreign Minister wrote that Iran will be letting ships through the vital waterway for the duration of a 10-day ceasefire in Lebanon. Oil prices fell, and President Trump celebrated. But Iran&rsquo;s announcement came with a big caveat: Travel must use a &ldquo;coordinated route,&rdquo; specified by Iran.
On today&rsquo;s Big Take, host David Gura and Bloomberg&rsquo;s Middle East breaking news editor, Patrick Sykes, talk through Iran&rsquo;s dramatic reversal, how open the Strait of Hormuz really is &mdash; and how long the latest ceasefire might hold.
This is a developing story. We are <a href="https://www.bloomberg.com/news/live-blog/2026-04-17/iran-war-latest">live blogging</a> at Bloomberg.com with the latest from across the globe.
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 and David Fox; Reported by Patrick Sykes; Edited by Tracey Samuelson.
Fact-checking by Eleanor Harrison-Dengate and Laura Newcombe; Engineering by Alex Sugiura.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

The Strait of Hormuz Is Open. Now What?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/43a4992c-dda4-4885-b612-b42f0148a350/transcript

The atmosphere was grim at this week’s IMF and World Bank spring meetings, as global central bankers grappled with economic shocks from the war in Iran, AI and mounting debt.

On today’s Big Take podcast, host David Gura sits down with Stephanie Flanders — Bloomberg’s head of Economics and Politics and host of Trumponomics — and senior economic writer Shawn Donnan to discuss the IMF’s revised global growth forecast and whether governments are equipped to contain the next economic crisis.

Read more: The World’s Anti-Recession Guardrails Are Weaker Than Ever

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

Hosted by David Gura; Produced by David Fox; Reported by Stephanie Flanders and Shawn Donnan; 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.

The atmosphere was grim at this week&rsquo;s IMF and World Bank spring meetings, as global central bankers grappled with economic shocks from the war in Iran, AI and mounting debt.
On today&rsquo;s Big Take podcast, host David Gura sits down with Stephanie Flanders &mdash; Bloomberg&rsquo;s head of Economics and Politics and host of&nbsp;Trumponomics &mdash; and senior economic writer Shawn Donnan to discuss the IMF&rsquo;s revised global growth forecast and whether governments are equipped to contain the next economic crisis.
Read more: <a href="https://www.bloomberg.com/news/features/2026-04-12/imf-world-bank-to-meet-in-dc-this-week-as-iran-shock-looms">The World&rsquo;s Anti-Recession Guardrails Are Weaker Than Ever</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 David Gura; Produced by David Fox; Reported by Stephanie Flanders and Shawn Donnan; 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.

Iran and Global Debt Cloud IMF-World Bank Meetings

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/2f6aed93-bdba-416a-a1d6-b42e01482829/transcript

President Trump’s One Big Beautiful Bill Act brought about a host of changes to US tax policy, from tax breaks on tips and overtime to an increased cap on state and local tax deductions, also known as SALT. But are Americans feeling the shifts on tax day?

On today’s Big Take podcast, host David Gura and Bloomberg reporter Ben Steverman dig into how the president’s second-term tax provisions are playing out, and what a lower-than-expected increase on the average return could mean for the Republican Party heading into midterms later this year.

Read more: 
The Salary Penalty: Why Trump’s Tax Bill Hits a Banker Harder Than a Plumber
Tax Refunds Are Up, But Many Americans Aren’t Feeling It
People Are Using Claude to Do Their Taxes (But Maybe They Shouldn’t)

Further listening: Taxes Are Due Soon. Should the Rich Pay More?

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 Ben Steverman; Edited by Aaron Edwards.

Fact-checking by Laura Newcombe; Engineering by Alex Sugiura.

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

President Trump&rsquo;s One Big Beautiful Bill Act brought about a host of changes to US tax policy, from tax breaks on tips and overtime to an increased cap on state and local tax deductions, also known as SALT. But are Americans feeling the shifts on tax day?
On today&rsquo;s Big Take podcast, host David Gura and Bloomberg reporter Ben Steverman dig into how the president&rsquo;s second-term tax provisions are playing out, and what a lower-than-expected increase on the average return could mean for the Republican Party heading into midterms later this year.
Read more:&nbsp;
<ul>
<li><a href="https://www.bloomberg.com/news/features/2026-04-14/trump-tax-breaks-favor-business-owners-investors-over-salaried-workers">The Salary Penalty: Why Trump&rsquo;s Tax Bill Hits a Banker Harder Than a Plumber</a></li>
<li><a href="https://www.bloomberg.com/news/articles/2026-04-15/april-15-tax-day-refunds-are-bigger-but-less-than-trump-s-promise">Tax Refunds Are Up, But Many Americans Aren&rsquo;t Feeling It</a></li>
<li><a href="https://www.bloomberg.com/news/articles/2026-03-18/claude-and-chatgpt-tax-prep-is-here-use-caution">People Are Using Claude to Do Their Taxes (But Maybe They Shouldn&rsquo;t)</a></li>
</ul>
Further listening:&nbsp;<a href="https://podcasts.apple.com/us/podcast/big-take/id1578096201?i=1000760117634">Taxes Are Due Soon. Should the Rich Pay More?</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 David Gura; Produced by Rachael Lewis-Krisky; Reported by Ben Steverman; Edited by Aaron Edwards.
Fact-checking by Laura Newcombe; Engineering by Alex Sugiura.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

The Winners and Losers of Trump’s Tax Policy

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/087dbf7b-69bd-4995-bf93-b42d015892a5/transcript

The Vicuñas and the $9,000 Sweater

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