The US midterm elections have reshaped the policy landscape for the final two years of President Donald Trump’s term, with Democrats winning control of both the House and Senate and ushering in a divided government. On Nov. 4, Bloomberg Intelligence’s Nathan Dean, Elliott Stein, Holly Froum, Matt Schettenhelm, Andrew Silverman and Justin Teresi broke down the Nov. 3 results and assessed the implications for energy, defense, technology, financial services, tariffs, taxes and federal regulation. BI’s policy and litigation analysts examined how Democratic control of Congress may constrain Trump’s legislative agenda while increasing the importance of executive authority, regulatory actions, appropriations and congressional oversight - and what those shifts mean for companies, sectors and investor allocations.

The US midterm elections have reshaped the policy landscape for the final two years of President Donald Trump&rsquo;s term, with Democrats winning control of both the House and Senate and ushering in a divided government. On Nov. 4, Bloomberg Intelligence&rsquo;s Nathan Dean, Elliott Stein, Holly Froum, Matt Schettenhelm, Andrew Silverman and Justin Teresi broke down the Nov. 3 results and assessed the implications for energy, defense, technology, financial services, tariffs, taxes and federal regulation. BI&rsquo;s policy and litigation analysts examined how Democratic control of Congress may constrain Trump&rsquo;s legislative agenda while increasing the importance of executive authority, regulatory actions, appropriations and congressional oversight - and what those shifts mean for companies, sectors and investor allocations.

Navigating Sector Impacts of Dems’ Blue Wave

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5ea0aaff-244a-482c-82a0-b4f90109de75/transcript

What’s the enforcement environment for companies in the US under the Trump administration? What should investors expect in terms of Congressional investigations of corporations if Democrats win one or both houses of Congress? Adam Schwartz, a partner with the law firm A&O Shearman, joins Bloomberg Intelligence’s Elliott Stein and Nathan Dean on this episode of the Votes and Verdicts podcast to discuss these and other questions. The conversation included discussion of enforcement areas where the Trump administration has been somewhat similar to the Biden administration — for example, AML fines of TD Bank and Bank of America — as well as areas where it’s been different, such as recent False Claims Act fines of companies like Accenture and IBM for falsely certifying compliance with federal anti-discrimination requirements. The discussion also covered anticipated targets of Congressional investigations by Democrats, including crypto and AI companies, and Boeing’s non-prosecution agreement.

What&rsquo;s the enforcement environment for companies in the US under the Trump administration? What should investors expect in terms of Congressional investigations of corporations if Democrats win one or both houses of Congress? Adam Schwartz, a partner with the law firm A&amp;O Shearman, joins Bloomberg Intelligence&rsquo;s Elliott Stein and Nathan Dean on this episode of the Votes and Verdicts podcast to discuss these and other questions. The conversation included discussion of enforcement areas where the Trump administration has been somewhat similar to the Biden administration &mdash; for example, AML fines of TD Bank and Bank of America &mdash; as well as areas where it&rsquo;s been different, such as recent False Claims Act fines of companies like Accenture and IBM for falsely certifying compliance with federal anti-discrimination requirements. The discussion also covered anticipated targets of Congressional investigations by Democrats, including crypto and AI companies, and Boeing&rsquo;s non-prosecution agreement.

Corporate Legal Risks From Trump, Congress

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/aeebf97c-3de5-4b5e-adaf-b4f30049629c/transcript

The potential market impacts of the US midterm elections leads this episode of Bloomberg Intelligence’s Votes and Verdicts podcast, recorded on Oct. 22. Nathan Dean discusses that and explains how President Donald Trump will rely on deregulation and executive authority to advance his policy goals, affecting banks like JPMorgan, crypto companies like Coinbase, prediction markets like Kalshi, and retailers like Nike. Elliott Stein explains why Senate elections matter for the business-friendly Supreme Court and to a lesser extent the Federal Reserve. Justin Teresi discusses a proposed bill to undo Trump’s diesel deal with Russia.

Matt Schettenhelm examines litigation against Uber related to alleged sexual assault by its drivers, which exposes the company to potentially $500 million in settlement costs. And Andrew Silverman explains why the midterm elections might matter for the SALT (state and local tax deductions) cap and the potential negative effects for real estate brokers like Compass, and mortgage lenders like Rocket and UWM.

The potential market impacts of the US midterm elections leads this episode of Bloomberg Intelligence&rsquo;s Votes and Verdicts podcast, recorded on Oct. 22. Nathan Dean discusses that and explains how President Donald Trump will rely on deregulation and executive authority to advance his policy goals, affecting banks like JPMorgan, crypto companies like Coinbase, prediction markets like Kalshi, and retailers like Nike. Elliott Stein explains why Senate elections matter for the business-friendly Supreme Court and to a lesser extent the Federal Reserve. Justin Teresi discusses a proposed bill to undo Trump&rsquo;s diesel deal with Russia.
Matt Schettenhelm examines litigation against Uber related to alleged sexual assault by its drivers, which exposes the company to potentially $500 million in settlement costs. And Andrew Silverman explains why the midterm elections might matter for the SALT (state and local tax deductions) cap and the potential negative effects for real estate brokers like Compass, and mortgage lenders like Rocket and UWM.

US Elections, Uber Assault Cases, SALT Cap

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7badca38-80b1-45e5-bd97-b4ec00d4b1e3/transcript

What is earned wage access and who should regulate it – the states or the federal government? Should it be regulated as a loan or something else, and why does that matter? How has the Trump administration approached this product and what is Congress doing about it? Kevin Lefton, global general counsel of Stream, one of the country’s leading earned wage access providers, joins Bloomberg Intelligence’s Elliott Stein and Nathan Dean on this episode of the Votes and Verdicts podcast to discuss these and other questions. Lefton also discusses how he and Stream navigate political uncertainty and what earned wage access looks like in five to 10 years.

What is earned wage access and who should regulate it &ndash; the states or the federal government? Should it be regulated as a loan or something else, and why does that matter? How has the Trump administration approached this product and what is Congress doing about it? Kevin Lefton, global general counsel of Stream, one of the country&rsquo;s leading earned wage access providers, joins Bloomberg Intelligence&rsquo;s Elliott Stein and Nathan Dean on this episode of the Votes and Verdicts podcast to discuss these and other questions. Lefton also discusses how he and Stream navigate political uncertainty and what earned wage access looks like in five to 10 years.

Stream’s Lefton on Earned Wage Access Laws

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e0ca9e86-0f7b-463b-b95a-b4e500e1bc83/transcript

The future of the US mortgage finance giants Fannie Mae and Freddie Mac is discussed in depth in this episode of Bloomberg Intelligence’s Votes and Verdicts podcast. BI's Ben Elliott speaks with Don Layton, former Freddie Mac CEO and JPMorgan vice chairman, about President Donald Trump’s push for a GSE stock offering and why such a transaction alone wouldn't constitute a meaningful exit from conservatorship. Layton examines whether release could be achieved before January 2029, the extensive groundwork around capital and policy that would need to come first, and the future of Treasury’s senior preferred stock and warrants. He also discusses which post-crisis reforms and taxpayer protections must survive, what can be accomplished administratively and whether conservatorship could become the permanent political equilibrium.

The future of the US mortgage finance giants Fannie Mae and Freddie Mac is discussed in depth in this episode of Bloomberg Intelligence&rsquo;s Votes and Verdicts podcast. BI's Ben Elliott speaks with Don Layton, former Freddie Mac CEO and JPMorgan vice chairman, about President Donald Trump&rsquo;s push for a GSE stock offering and why such a transaction alone wouldn't constitute a meaningful exit from conservatorship. Layton examines whether release could be achieved before January 2029, the extensive groundwork around capital and policy that would need to come first, and the future of Treasury&rsquo;s senior preferred stock and warrants. He also discusses which post-crisis reforms and taxpayer protections must survive, what can be accomplished administratively and whether conservatorship could become the permanent political equilibrium.

Don Layton on Fannie, Freddie Conservatorship Exit

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/de908a79-7c5a-43c0-9885-b4de00ad1c5b/transcript

Analysis of Anthropic’s litigation challenging its designation by the Department of War as a supply chain risk leads this episode of Bloomberg Intelligence’s Votes and Verdicts podcast, recorded on Oct. 1. Matt Schettenhelm discusses that and what the “White House Accord on Super Intelligence” means for companies like Alphabet, Meta, Nvidia and OpenAI. Nathan Dean examines recent Federal Reserve rules that should improve capital-planning visibility for JPMorgan, Bank of America and other large banks. He also discusses the impact of SEC proposed rules concerning shareholder proposals and the definition of accredited investors. Jen Rie explores a pair of antitrust cases against Live Nation, and Andrew Silverman analyzes recent IRS guidance concerning ETFs.

Analysis of Anthropic&rsquo;s litigation challenging its designation by the Department of War as a supply chain risk leads this episode of Bloomberg Intelligence&rsquo;s Votes and Verdicts podcast, recorded on Oct. 1. Matt Schettenhelm discusses that and what the &ldquo;White House Accord on Super Intelligence&rdquo; means for companies like Alphabet, Meta, Nvidia and OpenAI. Nathan Dean examines recent Federal Reserve rules that should improve capital-planning visibility for JPMorgan, Bank of America and other large banks. He also discusses the impact of SEC proposed rules concerning shareholder proposals and the definition of accredited investors. Jen Rie explores a pair of antitrust cases against Live Nation, and Andrew Silverman analyzes recent IRS guidance concerning ETFs.

Anthropic, Live Nation Antitrust, ETF Taxes

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5896af47-27f4-44cc-a92f-b4d700b286d3/transcript

The legality of potential diesel export restrictions by the Trump administration leads this episode of Bloomberg Intelligence’s Votes and Verdicts podcast, recorded Sept. 24. BI’s Justin Teresi discusses the issue and Oracle’s possible invocation of force majeure protections related to a Blue Owl-backed data center in New Mexico. Matt Schettenhelm examines Snap’s exposure to social media addiction litigation, while Holly Froum provides an update on a lawsuit by the NAACP against SpaceX over alleged Clean Air Act violations, with implications for the company’s $45 billion contract with Anthropic. Nathan Dean and Elliott Stein explore a Sept. 18 speech by Federal Reserve Vice-Chair for Supervision Michelle Bowman and its ramifications for bank stress tests and capital rules, as well as President Donald Trump’s ability to fire Fed Governor Michael Barr. Andrew Silverman explains proposed legislation to curtail the tax benefits of private placement life insurance products offered by Prudential, Zurich and others.

The legality of potential diesel export restrictions by the Trump administration leads this episode of Bloomberg Intelligence&rsquo;s Votes and Verdicts podcast, recorded Sept. 24. BI&rsquo;s Justin Teresi discusses the issue and Oracle&rsquo;s possible invocation of force majeure protections related to a Blue Owl-backed data center in New Mexico. Matt Schettenhelm examines Snap&rsquo;s exposure to social media addiction litigation, while Holly Froum provides an update on a lawsuit by the NAACP against SpaceX over alleged Clean Air Act violations, with implications for the company&rsquo;s $45 billion contract with Anthropic. Nathan Dean and Elliott Stein explore a Sept. 18 speech by Federal Reserve Vice-Chair for Supervision Michelle Bowman and its ramifications for bank stress tests and capital rules, as well as President Donald Trump&rsquo;s ability to fire Fed Governor Michael Barr. Andrew Silverman explains proposed legislation to curtail the tax benefits of private placement life insurance products offered by Prudential, Zurich and others.

Diesel Export Ban, Oracle, Snap, SpaceX

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/8be3b413-97a4-408a-8f4a-b4d000c893a8/transcript

The US Senate is considering legislation that would implement federal guidelines for colleges when it comes to governing student-athletes entering name, image, and likeness deals, cap fees for sports agents and create uniform eligibility and transfer rules. In this Sept. 17 episode of the Votes and Verdicts podcast, Chicago Atlantic Co-Head of Emerging Markets Peter Marber, Bloomberg Intelligence chief EM fixed-income strategist Damian Sassower and BI senior tax analyst Andrew Silverman detail how college sports became a multibillion-dollar business while athlete compensation trailed. The discussion traces the shift from scholarships and amateurism through the Supreme Court’s Alston ruling, NIL collectives and the House v. NCAA settlement, which opened the door to direct university payments. The three also examine whether athletes are employees of universities, how schools will fund the new revenue-sharing system and whether the richest programs will pull away further. Additionally, they talk about the Protect College Sports Act, which could put more than $2 billion of media rights tied to Fox, Disney, Paramount Skydance and Warner Bros. Discovery under one federal framework.

The US Senate is considering legislation that would implement federal guidelines for colleges when it comes to governing student-athletes entering name, image, and likeness deals, cap fees for sports agents and create uniform eligibility and transfer rules. In this Sept. 17 episode of the Votes and Verdicts podcast, Chicago Atlantic Co-Head of Emerging Markets Peter Marber, Bloomberg Intelligence chief EM fixed-income strategist Damian Sassower and BI senior tax analyst Andrew Silverman detail how college sports became a multibillion-dollar business while athlete compensation trailed. The discussion traces the shift from scholarships and amateurism through the Supreme Court&rsquo;s Alston ruling, NIL collectives and the House v. NCAA settlement, which opened the door to direct university payments. The three also examine whether athletes are employees of universities, how schools will fund the new revenue-sharing system and whether the richest programs will pull away further. Additionally, they talk about the Protect College Sports Act, which could put more than $2 billion of media rights tied to Fox, Disney, Paramount Skydance and Warner Bros. Discovery under one federal framework.

CA’s Marber on Business of College Sports

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/b06aaa71-eb64-427f-a572-b4c90105bdca/transcript

Prediction-markets litigation involving Kalshi, Robinhood and others has arrived at the Supreme Court’s doorstep. Elliott Stein’s analysis of that leads this episode of Bloomberg Intelligence’s Votes and Verdicts podcast, recorded on Sept. 10. He also shares his thoughts on litigation tied to President Donald Trump’s debanking claims against Capital One and lawsuits challenging New York City’s rent freeze for rent-stabilized apartments. Justin Teresi examines a remedies order in the DOJ’s antitrust case against Google over its ad-tech stack, as well as antitrust investigations of Nvidia and the beef industry. Matt Schettenhelm discusses a lawsuit challenging TikTok’s January announcement of a US venture.

Prediction-markets litigation involving Kalshi, Robinhood and others has arrived at the Supreme Court&rsquo;s doorstep. Elliott Stein&rsquo;s analysis of that leads this episode of Bloomberg Intelligence&rsquo;s Votes and Verdicts podcast, recorded on Sept. 10. He also shares his thoughts on litigation tied to President Donald Trump&rsquo;s debanking claims against Capital One and lawsuits challenging New York City&rsquo;s rent freeze for rent-stabilized apartments. Justin Teresi examines a remedies order in the DOJ&rsquo;s antitrust case against Google over its ad-tech stack, as well as antitrust investigations of Nvidia and the beef industry. Matt Schettenhelm discusses a lawsuit challenging TikTok&rsquo;s January announcement of a US venture.

Kalshi/SCOTUS, DOJ/Google, Nvidia Antitrust

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/0a57c295-c3a0-43ad-9cc3-b4c200ab6709/transcript

Gary Gensler, 33rd Chair of the US Securities and Exchange Commission (2021-25), professor of the Practice of Global Economics and Management at the MIT Sloan School of Management and co-host of the Power and Consequences podcast, joins a special crossover episode of Sustainability Currents and Votes and Verdicts to examine how the SEC can balance its three key mandates: investor protection, capital formation and fair, orderly and efficient markets. How should the commission weigh investor demands for climate disclosures against the cost to public filers? Do quarterly earnings reports drive market efficiency, or trading volatility? How do recent Supreme Court rulings (Slaughter, Loper Bright, West Virginia v. EPA) affect SEC rulemaking? BI analyst Nathan Dean and sustainable finance product manager Rob Du Boff discuss these topics and more.

Gary Gensler, 33rd Chair of the US Securities and Exchange Commission (2021-25), professor of the Practice of Global Economics and Management at the MIT Sloan School of Management and co-host of the Power and Consequences podcast, joins a special crossover episode of Sustainability Currents and Votes and Verdicts to examine how the SEC can balance its three key mandates: investor protection, capital formation and fair, orderly and efficient markets. How should the commission weigh investor demands for climate disclosures against the cost to public filers? Do quarterly earnings reports drive market efficiency, or trading volatility? How do recent Supreme Court rulings (Slaughter, Loper Bright, West Virginia v. EPA) affect SEC rulemaking? BI analyst Nathan Dean and sustainable finance product manager Rob Du Boff discuss these topics and more.

Gary Gensler on the Role of the SEC

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/86a83132-1fb4-4da1-b6d9-b4bb00c4acca/transcript

Votes and Verdicts is a series that examines the intersection of business, policy and law. It features conversations between Bloomberg Intelligence's team of litigation and policy analysts and thought leaders discussing legal and policy issues affecting markets and business decisions across many sectors.

Votes and Verdicts is a series that examines the intersection of business, policy and law. It features conversations between Bloomberg Intelligence's team of litigation and policy analysts and thought leaders discussing legal and policy issues affecting markets and business decisions across many sectors.

Votes & Verdicts

Social links:

Follow the podcast:

175 clip(s)