In the third (semi-secret) episode of Bloomberg Businessweek's new podcast Everybody’s Business, Businessweek Editor Brad Stone fills in for Max Chafkin and joins Stacey Vanek Smith to talk trade war winners an losers. Though uncertainty still surrounds many of the Trump Administration's tariff policies, some trends are starting to emerge. Brad and Stacey select their winners and losers based on what we know so far.

And Harvard University is making headlines this week as it pushed back against Trump Administration demands. Now the University is at risk of losing billions of dollars in federal funding as well as its tax exempt status. Reporter Janet Lorin has been following the story and explains the stakes: What does it mean for universities if they lose federal money and why is the story captivating us so much?

Finally, Everybody's Business goes to space. A group of women, including entertainer Katie Perry and CBS's Gayle King, went on a short trip to space. The voyage has been heavily critiqued, but Brad argues that this is, indeed, a milestone.

See omnystudio.com/listener for privacy information.