This chapter explores the implications of Capital One's potential acquisition of Discover, discussing how it could impact the credit card industry. It highlights the benefits of leveraging Discover's network and merchant battles to compete with Visa and Mastercard. The conversation also delves into regulatory concerns, potential political hurdles, and the impact on competition and consumer benefits.
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Bloomberg News US Deals Editor Matthew Monks and Bloomberg Intelligence Consumer Finance Analyst Ben Elliott break down Capital One buying Discover in a $35 billion all-stock deal to create the largest US credit-card company by loan volume. Bloomberg News Health Reporter Madison Muller explains how WW International tapped social media influencers to talk about how Ozempic has changed their lives despite them not using the product. Blink CEO Brendan Jones shares his thoughts on the global EV charging market. And we Drive to the Close with Jimmy Lee, CEO at Wealth Consulting Group.
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