(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox.

GUEST:
Economist Robert Lawrence, the Albert L Williams Professor of International Trade and Investment at Harvard Kennedy School, on the pros and cons of the TPP trade agreement, and why the U.S. needs to participate.  Live from Smith & Wollensky in Boston.

(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox.

GUEST:
Economist Robert Lawrence, the Albert L Williams Professor of International Trade and Investment at Harvard Kennedy School, on the pros and cons of the TPP trade agreement, and why the U.S. needs to participate. Live from Smith &amp; Wollensky in Boston.

Listen for investment news and in-depth company research. 

Hosts Paul Sweeney and Scarlet Fu harness the power of Bloomberg Intelligence to analyze investments on Wall Street. Watch Bloomberg Intelligence LIVE on YouTube, weekdays from 10AM to 12PM ET: http://bit.ly/3vTiACF.

Listen for investment news and in-depth company research. Hosts Paul Sweeney and Scarlet Fu harness the power of Bloomberg Intelligence to analyze investments on Wall Street. Watch Bloomberg Intelligence LIVE on YouTube, weekdays from 10AM to 12PM ET: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.

Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to analyze markets, companies and industries.

Bloomberg Intelligence

Harvard’s Lawrence: Without TPP, China Will Set Rules (Audio)

Harvard's Lawrence: Without TPP, China Will Set Rules (Audio)

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3c50214b-08d7-4c53-a257-ae3c009435dc/transcript

Watch Scarlet and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Diana Gomes, Bloomberg Intelligence Senior Equity Analyst, discusses Unilever agreeing to combine its food business with McCormick & Co. in a $44.8 billion deal that will create a global seasonings, sauces and condiments company. Under the agreement, McCormick will pay $15.7 billion in cash and the equivalent of $29.1 billion in shares for most of Unilever’s food business, leaving Unilever with 65% of the combined entity.

-Sam Fazeli, Bloomberg Intelligence, Director of Research for Global Industries and Senior Pharmaceuticals Analyst, discusses the latest M&A in the biotech sector. Eli Lilly & Co. agreed to buy Centessa Pharmaceuticals Plc in a deal worth up to $7.8 billion to bulk up its treatment pipeline for other conditions.
Biogen Inc. has agreed to acquire Apellis Pharmaceuticals Inc. for $5.6 billion, expanding its treatments in immunology and rare diseases.

-Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, discusses Nvidia taking a $2 billion stake in Marvell Technology. It is opening up its system to allow Marvell to integrate custom artificial intelligence chips and networking equipment on the platform.

-Hannah Levitt, Bloomberg Senior Finance Reporter, discusses JPMorgan Chase announcing the "American Dream Initiative" to expand economic opportunity in local communities across the country, spanning six focus areas including small businesses, housing and financial health.

Watch Scarlet and Paul LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF" data-destination="rte:bind">http://bit.ly/3vTiACF</a>. Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu -Diana Gomes, Bloomberg Intelligence Senior Equity Analyst, discusses Unilever agreeing to combine its food business with McCormick &amp; Co. in a $44.8 billion deal that will create a global seasonings, sauces and condiments company. Under the agreement, McCormick will pay $15.7 billion in cash and the equivalent of $29.1 billion in shares for most of Unilever&rsquo;s food business, leaving Unilever with 65% of the combined entity. -Sam Fazeli, Bloomberg Intelligence, Director of Research for Global Industries and Senior Pharmaceuticals Analyst, discusses the latest M&amp;A in the biotech sector. Eli Lilly &amp; Co. agreed to buy Centessa Pharmaceuticals Plc in a deal worth up to $7.8 billion to bulk up its treatment pipeline for other conditions. Biogen Inc. has agreed to acquire Apellis Pharmaceuticals Inc. for $5.6 billion, expanding its treatments in immunology and rare diseases. -Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, discusses Nvidia taking a $2 billion stake in Marvell Technology. It is opening up its system to allow Marvell to integrate custom artificial intelligence chips and networking equipment on the platform. -Hannah Levitt, Bloomberg Senior Finance Reporter, discusses JPMorgan Chase announcing the "American Dream Initiative" to expand economic opportunity in local communities across the country, spanning six focus areas including small businesses, housing and financial health.

 Unilever Food Arm to Join McCormick in $44.8 Billion Deal 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e61f01f3-83ee-46a1-9374-b41e0111cfe4/transcript

Watch Scarlet and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

- Mathieu Dion, Bloomberg Montreal Bureau Chief, discusses Air Canada Chief Executive Officer Michael Rousseau stepping down after causing a public-relations disaster with a video about the deadly runway collision at LaGuardia Airport in New York. Rousseau will retire by the end of the third quarter, according to a statement by Air Canada, after he posted a video statement about the accident that was largely in English, with only "bonjour" and "merci" in French.

- Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, discusses the latest with Meta Platforms. Meta  was looking like the best Big Tech stock in the market when the year began. But investors’ fears of legal risks and heavy spending on artificial intelligence are bubbling to the surface, culminating in last week’s 11% rout.

- Ed Price, Senior Non-Resident Fellow at New York University, discusses the latest on the Iran war. Missile strikes ripped across the Middle East over the weekend as Iran and its proxies lobbed attacks at US allies. President Donald Trump said he’s ready to make a deal with Iran, telling reporters Sunday aboard Air Force One that an agreement could come soon.

Watch Scarlet and Paul LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF" data-destination="rte:bind">http://bit.ly/3vTiACF</a>. Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu - Mathieu Dion, Bloomberg Montreal Bureau Chief, discusses Air Canada Chief Executive Officer Michael Rousseau stepping down after causing a public-relations disaster with a video about the deadly runway collision at LaGuardia Airport in New York. Rousseau will retire by the end of the third quarter, according to a statement by Air Canada, after he posted a video statement about the accident that was largely in English, with only "bonjour" and "merci" in French. - Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, discusses the latest with Meta Platforms. Meta &nbsp;was looking like the best Big Tech stock in the market when the year began. But investors&rsquo; fears of legal risks and heavy spending on artificial intelligence are bubbling to the surface, culminating in last week&rsquo;s 11% rout. - Ed Price, Senior Non-Resident Fellow at New York University, discusses the latest on the Iran war. Missile strikes ripped across the Middle East over the weekend as Iran and its proxies lobbed attacks at US allies. President Donald Trump said he&rsquo;s ready to make a deal with Iran, telling reporters Sunday aboard Air Force One that an agreement could come soon.

Air Canada CEO Quits After Furor Over Crash Condolence Video

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/8688cf59-3552-46ec-94ee-b41d011104ab/transcript

Watch Scarlet and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

- Brian Egger, Bloomberg Intelligence Senior Gaming and Lodging Analyst, discusses Carnival earnings. Carnival cut its full-year profit outlook as surging crude prices are driving up fuel costs.
The Miami-based cruise operator now sees full-year earnings of about $2.21 per share, adjusted for some items. That’s down from a December forecast of about $2.48 and below analysts’ estimates of $2.35.

- Matthew Schettenhelm, Bloomberg Intelligence Media Litigation Analyst, discusses Meta and Alphabet being found liable in a social media addiction trial.
According to Bloomberg Intelligence: Though social-media addiction litigation will -- barring a global pact -- generate a barrage of bad headlines for Meta, Alphabet, and other social-media companies this year, it doubts direct material business impacts for the deep-pocketed companies.

-- George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, discusses JetBlue and the latest airlines news. According to Bloomberg Intelligence: JetBlue considering options including a sale, as reported by Semafor, highlights risks for low-cost carriers squeezed by weak leisure pricing and surging fuel costs, though finding a suitor may be difficult, with Alaska Air appearing the most logical. United could have interest, as shown by recent codeshare and loyalty-program partnerships, but a combination with a large US carrier would likely face antitrust pushback.

- Randall Williams, Bloomberg Business of Sports Reporter, discusses the top business sports stories. NBA owners voted to explore adding franchises in Las Vegas and Seattle, which would mark the league’s first expansion in two decades.  The commissioner said that the market will determine the value of the team, and that he anticipates robust interest, with the league potentially netting $7 billion to $10 billion for each franchise. He also discusses Major League Baseball and the possibility of a work stoppage.

Watch Scarlet and Paul LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF" data-destination="rte:bind">http://bit.ly/3vTiACF</a>. Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu - Brian Egger, Bloomberg Intelligence Senior Gaming and Lodging Analyst, discusses Carnival earnings. Carnival cut its full-year profit outlook as surging crude prices are driving up fuel costs. The Miami-based cruise operator now sees full-year earnings of about $2.21 per share, adjusted for some items. That&rsquo;s down from a December forecast of about $2.48 and below analysts&rsquo; estimates of $2.35. - Matthew Schettenhelm, Bloomberg Intelligence Media Litigation Analyst, discusses Meta and Alphabet being found liable in a social media addiction trial. According to Bloomberg Intelligence: Though social-media addiction litigation will -- barring a global pact -- generate a barrage of bad headlines for Meta, Alphabet, and other social-media companies this year, it doubts direct material business impacts for the deep-pocketed companies. -- George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, &amp; Airlines Analyst, discusses JetBlue and the latest airlines news. According to Bloomberg Intelligence: JetBlue considering options including a sale, as reported by Semafor, highlights risks for low-cost carriers squeezed by weak leisure pricing and surging fuel costs, though finding a suitor may be difficult, with Alaska Air appearing the most logical. United could have interest, as shown by recent codeshare and loyalty-program partnerships, but a combination with a large US carrier would likely face antitrust pushback. - Randall Williams, Bloomberg Business of Sports Reporter, discusses the top business sports stories. NBA owners voted to explore adding franchises in Las Vegas and Seattle, which would mark the league&rsquo;s first expansion in two decades.&nbsp; The commissioner said that the market will determine the value of the team, and that he anticipates robust interest, with the league potentially netting $7 billion to $10 billion for each franchise. He also discusses Major League Baseball and the possibility of a work stoppage.

Carnival Cuts Profit Outlook as Iran War Pushes Up Fuel Cost 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/bdca6bcd-da29-42f7-9e2e-b41a0110c1d4/transcript

Harvard's Lawrence: Without TPP, China Will Set Rules (Audio)

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