Bloomberg Intelligence Capital One, Amex Shares Sink on Trump’s Credit-Card Threat
24 snips
Jan 12, 2026 
Nathan Dean, a Senior Policy Analyst at Bloomberg Intelligence, discusses President Trump’s controversial call to cap credit card interest rates at 10%, which could significantly impact banks like Capital One and AmEx. Sam Fazeli sheds light on the exciting partnership between NVIDIA and Eli Lilly, aimed at accelerating AI-driven drug discovery, while touching on Moderna's challenges. Geetha Ranganathan dives into the heated takeover battle involving Paramount Skydance and Warner Bros. Discovery, revealing the legal maneuvers and shareholder strategies at play.
AI Snips
Chapters
Transcript
Episode notes
Cap Call Lacks Direct Authority
- A presidential call to cap credit-card rates at 10% lacks direct executive authority to implement such a cap.
- Nathan Dean says the likeliest path is regulator pressure or slow legislative change, not instant policy.
10% Cap Would Change Card Economics
- A 10% cap would force issuers to tighten credit and likely cut rewards and card access for higher-risk consumers.
- Dean warns reduced card usage could also dent Visa and Mastercard volumes.
Politics Makes Swift Reform Unlikely
- Electoral timing and committee politics make swift legislation unlikely before November 2026.
- Dean sees higher risk of meaningful change in 2027, when the political calendar clears.