The United States conducted airstrikes on three of Iran’s nuclear sites over the weekend, marking a dramatic escalation of the US’s involvement in Israel’s deepening war with Tehran.

On today’s Big Take Podcast, Bloomberg national security and intelligence reporter Natalia Drozdiak and Israel Bureau Chief Ethan Bronner join host Sarah Holder to talk through what led to President Trump’s decision to strike, how the surprise attack happened and what comes next. 

Read more: A Weakened Iran Can Still Inflict Pain on the US — and the World

The United States conducted airstrikes on three of Iran&rsquo;s nuclear sites over the weekend, marking a dramatic escalation of the US&rsquo;s involvement in Israel&rsquo;s deepening war with Tehran. On today&rsquo;s Big Take Podcast, Bloomberg national security and intelligence reporter Natalia Drozdiak and Israel Bureau Chief Ethan Bronner join host Sarah Holder to talk through what led to President Trump&rsquo;s decision to strike, how the surprise attack happened and what comes next.&nbsp; Read more: <a href="https://www.bloomberg.com/news/features/2025-06-23/will-iran-retaliate-how-tehran-could-respond-after-trump-s-strikes?srnd=undefined">A Weakened Iran Can Still Inflict Pain on the US &mdash; and the World</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

What’s Next for Iran, Israel and the US

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ed4d3aee-c0ee-4096-92e8-b3050005b954/transcript

Maine Democrat Graham Platner’s withdrawal from his US Senate race is ratcheting up an already intense run-up to the US midterm elections. And yet, across the political spectrum, lawmakers in Washington agree that they need to deliver — quickly — on promises of affordability. With broad bipartisan support, they passed the 21st Century ROAD to Housing Act, billed as allowing more Americans to achieve the dream of home ownership.

But the bill’s fate has been thrown into doubt by President Trump, who surprised lawmakers by declining to sign it.

On today’s Big Take podcast, Bloomberg housing policy reporter Katy O’Donnell and Megan Scully, who leads Bloomberg’s Congressional coverage, join Sarah Holder to discuss what’s in the housing bill, how Trump could still steer its fate and what his intervention could mean for Republicans in the midterms.

Read more: 
Would Congress’ New Housing Bill Lower Home Prices?
Trump, GOP Clash After President Scraps Housing Bill Signing

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

Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky; Reported by Katy O’Donnell and Megan Scully; Edited by Jeffrey Grocott.

Fact-checking by David Fox and Victor Swezy; Engineering by Alex Sugiura.

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

Maine Democrat Graham Platner&rsquo;s withdrawal from his US Senate race is ratcheting up an already intense run-up to the US midterm elections. And yet, across the political spectrum, lawmakers in Washington agree that they need to deliver &mdash; quickly &mdash; on promises of affordability. With broad bipartisan support, they passed the 21st Century ROAD to Housing Act, billed as allowing more Americans to achieve the dream of home ownership.
But the bill&rsquo;s fate has been thrown into doubt by President Trump, who surprised lawmakers by declining to sign it.
On today&rsquo;s Big Take podcast, Bloomberg housing policy reporter Katy O&rsquo;Donnell and Megan Scully, who leads Bloomberg&rsquo;s Congressional coverage, join Sarah Holder to discuss what&rsquo;s in the housing bill, how Trump could still steer its fate and what his intervention could mean for Republicans in the midterms.
Read more:&nbsp;
<ul>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2026-06-25/congress-housing-bill-would-it-lower-home-prices?srnd=undefined">Would Congress&rsquo; New Housing Bill Lower Home Prices?</a></li>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2026-06-24/trump-scraps-housing-bill-signing-after-deriding-measure?srnd=undefined">Trump, GOP Clash After President Scraps Housing Bill Signing</a></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 Sarah Holder; Produced by Rachael Lewis-Krisky; Reported by Katy O&rsquo;Donnell and Megan Scully; Edited by Jeffrey Grocott.
Fact-checking by David Fox and Victor Swezy; Engineering by Alex Sugiura.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

Why Everyone is Talking about Housing Policy Right Now

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c802470a-1ef2-4afc-820d-b482015e357c/transcript

For two decades, American universities have doubled down on master’s programs, relying on graduate degrees as their financial backbones. Now, the Trump administration’s policies are posing existential threats to that business model.

On today’s Big Take podcast, education reporter Liam Knox joins host Sarah Holder to break down the administration’s three-pronged attack on graduate school and the impact it could have on students, universities and America’s place on the global stage.

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

Hosted by Sarah Holder; Produced by Julia Press; Reported by Liam Knox; Edited by Tracey Samuelson.

Fact-checking by Victor Swezey; Engineering by Alex Sugiura.

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

For two decades, American universities have doubled down on master&rsquo;s programs, relying on graduate degrees as their financial backbones. Now, the Trump administration&rsquo;s policies are posing existential threats to that business model.
On today&rsquo;s Big Take podcast, education reporter Liam Knox joins host Sarah Holder to break down the administration&rsquo;s three-pronged attack on graduate school and the impact it could have on students, universities and America&rsquo;s place on the global stage.
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 Julia Press; Reported by Liam Knox; Edited by Tracey Samuelson.
Fact-checking by Victor Swezey; Engineering by Alex Sugiura.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

How Trump Is Bursting the $100 Billion Grad School Bubble

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/edbe0813-e2ce-44ba-bff8-b481010d1152/transcript

China rattled neighbors from Japan to Australia on Monday by test-launching a long-range ballistic missile from a nuclear submarine in the Pacific Ocean. While such launches are rare, the latest test reflects Beijing’s increasing openness about its growing military strength.

On today’s Big Take Asia podcast, Rebecca Choong Wilkins, who covers Asian government and politics, joins host K. Oanh Ha to discuss the surprise launch, China’s expanding arsenal and what they reveal about Beijing’s military aspirations for 2027 and beyond.

Read more: 
China’s ICBM Tests Point to New Normal Rattling the Pacific
China Holds Rare Test of Sub-Launched Missile in Pacific Ocean
China’s Secretive Missile Program Is Making Dozens of Companies Rich

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

Hosted by K. Oanh Ha; Produced by Naomi Ng and Rachael Lewis-Krisky; Reported by Rebecca Choong Wilkins; Edited by Jeffrey Grocott, John Liu and Julia Weaver;

Fact-checking by Julia Press, David Fox and Yang Yang; Engineering by Taka Yasuzawa and Alex Sugiura.

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

China rattled neighbors from Japan to Australia on Monday by test-launching a long-range ballistic missile from a nuclear submarine in the Pacific Ocean. While such launches are rare, the latest test reflects Beijing&rsquo;s increasing openness about its growing military strength.
On today&rsquo;s Big Take Asia podcast, Rebecca Choong Wilkins, who covers Asian government and politics, joins host K. Oanh Ha to discuss the surprise launch, China&rsquo;s expanding arsenal and what they reveal about Beijing&rsquo;s military aspirations for 2027 and beyond.
Read more:&nbsp;
<ul>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2026-07-07/china-s-icbm-tests-point-to-new-normal-rattling-the-pacific?srnd=phx-politics">China&rsquo;s ICBM Tests Point to New Normal Rattling the Pacific</a></li>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2026-07-06/china-holds-rare-test-of-sub-launched-missile-in-pacific-ocean">China Holds Rare Test of Sub-Launched Missile in Pacific Ocean</a></li>
<li aria-level="1"><a href="https://www.bloomberg.com/graphics/2026-china-missiles-military-ambitions/">China&rsquo;s Secretive Missile Program Is Making Dozens of Companies Rich</a></li>
</ul>
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 K. Oanh Ha; Produced by Naomi Ng and Rachael Lewis-Krisky; Reported by Rebecca Choong Wilkins; Edited by Jeffrey Grocott, John Liu and Julia Weaver;
Fact-checking by Julia Press, David Fox and Yang Yang; Engineering by Taka Yasuzawa and Alex Sugiura.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

Why China Is Flashing Its Military Muscle

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5c74539b-8e2f-4363-8763-b48001455c72/transcript

What’s Next for Iran, Israel and the US

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