Bloomberg Businessweek

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Audi introduced its newest car, the Nuvolari, a hybrid with a 1,000-horsepower, V-8 engine, which will share hardware with its Volkswagen AG sister brand, Lamborghini. The Nuvolari is a halo car, created to attract attention and generate excitement around the Audi brand, with an estimated price of $686,000 and only 499 units to be made. The concept of a halo car is changing, with the rise of electrification and domestic alternatives in China, making it challenging for traditional automakers to create vehicles that provoke a visceral reaction and justify their high prices.

For more, Carol Massar and guest host Emily Graffeo speak with Hannah Elliott, Bloomberg Pursuits Staff Writer, Car Critic and Co-Host of the 'Hot Pursuit' Podcast
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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.

Broadcom said that it will provide new custom chips to Apple Inc. in an expanded partnership that now runs through 2031.Under the new agreement, the companies will partner on ASIC silicon, short for application-specific integrated circuit. These types of chips will be found in “multiple generations of Apple products,” according to a Broadcom filing on Monday.

ASIC chips, silicon developed for a specific purpose, are increasingly vital to the development of components for processing artificial intelligence-related tasks. Apple is working on more advanced AI servers that the company is planning to deploy as early as 2027, Bloomberg has reported.
Broadcom has long made components for Apple related to cellular connectivity, Wi-Fi and Bluetooth, but that relationship has taken a step back in recent years with Apple developing its own N1 chip, a combined Wi-Fi and Bluetooth component found in recent iPhones, iPads and Macs.

On this episode, Carol Massar and guest host Emily Graffeo speak with:
Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech on Broadcom, Apple Expand Partnership to 2031 With Custom Chips
Rudina Seseri, Glasswing Ventures Founder and Managing Partner AND Ed Ludlow, Bloomberg Tech Host on state of AI and AI investment landscape
Dr. Ellen Wald, President of Transversal Consulting AND Senior Fellow at the Atlantic Council AND Author of "Saudi, Inc." on Saudis Slash Main Oil Price to Rare Discount as Market Dives
Eric Roston, Bloomberg News Sustainability Editor on Extreme Weather Tops Scientists' Most Dire Climate Predictions
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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.

Blackstone-backed Jersey Mike’s Subs and gas-station and convenience-store operator Cumberland Farms filed for initial public offerings as the market for new US listings broadens beyond companies powering the artificial intelligence revolution.

Tim Stenovec and guest host Norah Mulinda speak with Bloomberg News US ECM Reporter Anthony Hughes about the latest set of companies with plans to hit Wall Street.
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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.

Rhode Island’s new tax on second homes is nicknamed for its most famous part-time resident, music superstar Taylor Swift, but the levy will also squeeze owners of saltbox houses on the coast that are much less grand than the singer’s Holiday House mansion.
Under an annual property tax measure that takes effect Wednesday, the state will collect $5 for every $1,000 that a vacation home’s value is assessed over $1 million. Rhode Island lawmakers passed the measure last year, targeting out-of-towners in coastal enclaves like Newport and Little Compton to raise revenue for affordable housing construction.

Tim Stenovec and guest host Norah Mulinda speak with Bloomberg News Boston Money and Power Reporter Greg Ryan on his reporting on the 'Taylor Swift Tax'.
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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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