Bloomberg Businessweek

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
SpaceX jumped for a third straight day on Tuesday, overtaking Amazon.com in value to become the fifth-largest stock in the world.
Shares closed 4.8% higher, pushing its market capitalization to $2.65 trillion, roughly $8 billion higher than Amazon’s. At the stock’s intraday high, the market value of Elon Musk’s rocket and AI company topped Microsoft to briefly become the world’s fourth-largest stock.
At least some of the price action since its debut has been driven by the relatively small number of SpaceX shares available to trade, with only about 4.2% accessible on day one. That can make trading more volatile, with the stock more prone to large swings that can quickly change its market value.
On this episode, Carol and Tim speak with:
Bailey Lipschultz, Bloomberg News IPO Reporter on SpaceX's continued rally
Simon White, Bloomberg Macro Strategist On The GPU Is Wall Street’s New Real Estate Trade
Mike Dinsdale, CEO at Powerlaw
David Roman, US MedTech and Healthcare IT Research Analyst, Goldman Sachs AND Madison Muller, Bloomberg News US Health Care Reporter
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Anthropic PBC has disabled access to its most advanced artificial intelligence models, including Mythos, following an unprecedented order by the Trump administration to keep the technology out of the hands of all foreign nationals.

The US government told Anthropic to suspend access to the Fable 5 and Mythos 5 models by any foreign national “whether inside or outside the United States,” citing national security concerns, the company said in a statement. A US official confirmed the Commerce Department sent the letter. The model developer has since shut off access to both systems to all customers to ensure compliance.Never before has the US government taken such sweeping measures to rein in foreign access to frontier AI models developed by an American company.

Both the Trump and Biden administrations have limited access abroad to other consequential technologies such as semiconductors and supercomputers, and some have debated the merits of blocking access to AI models. But restrictions on the software itself have raised constitutional and commercial concerns.

On this episode, Carol Massar Tim Stenovec and guest host Ed Ludlow speak with:
Maggie Eastland, Bloomberg News Tech Reporter
Bailey Lipschultz, Bloomberg News IPO Reporter AND David Bauer, JPMorgan Head of ECM Americas on SpaceX IPO
Geetha Ranganathan, Bloomberg Intelligence Senior Media Analyst on Fox to Buy Roku at $22 Billion Value in Streaming Video Push
Carmen Reinicke, Bloomberg News Stocks Reporter on Big Take: The $12 Trillion Stock Squeeze Gives Way to IPO Market Boom
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Luxury buyers and sellers are recalculating in the wake of New York’s pied-à-terre tax. The majority-Democratic state legislature signed off on the remaining final budget legislation late Wednesday night, approving Gov. Kathy Hochul’s slate of policies she contends will improve affordability for New York residents. Hochul, a moderate Democrat, has been criticized by several progressive lawmakers who had split with the governor over her weakening of the state’s 2019 climate law and refusal to raise income and corporate tax rates. But top Manhattan broker Lisa Lippman believes the disruption will be temporary. A 29-year industry insider and the consistent number one broker at Brown Harris Stevens with more than $500 million in transaction volume in 2025 alone

For more, Carol Massar Tim Stenovec speak with Lisa Lippman, Real Estate Agent at Brown Harris Stevens.
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

529 plans — tax-advantaged accounts for education expenses — are the go-to tool for college savers. Offered in nearly every state,2 they grow tax-deferred and allow tax-free withdrawals.3 They’re also preferable to custodial brokerage accounts, which count as a student’s assets and can hurt financial-aid eligibility.4 The biggest edge of a 529 is flexibility. A 529’s beneficiary can be changed easily, so parents or grandparents5 can open one before a child is born, then update the beneficiary later on. If one kid skips college, the account can be reassigned to another child — or even to yourself.

For more, Carol Massar Tim Stenovec speak with Ann Garcia, CFP and Wealth Advisor at The Mather Group
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Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."
Hosted by Carol Massar and Tim Stenovec

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