Topics discussed include the link between menopause and longevity, the reverse aging effect of AMH on mouse ovaries, a lawsuit against Citibank for toxic workplace culture, the crisis faced by small nonprofit colleges and universities, the rise of a new donor class in Florida, Silicon Valley's obsession with longevity, new SEC rules on cyber attack disclosure, transforming farming through robotics and AI, toy price trends during the holiday season, and a discussion about holiday shopping and future plans.
Read more
AI Summary
AI Chapters
Episode notes
auto_awesome
Podcast summary created with Snipd AI
Quick takeaways
Florida sees a rise in philanthropy from wealthy transplants, contributing to increased giving in areas like education and community development.
RetroBioScience aims to extend human lifespan through cellular reprogramming, attracting investments and sparking interest in anti-aging research.
Public companies face challenges complying with SEC rules on timely reporting of significant cyber attacks, highlighting the need for robust cybersecurity measures and transparency to shareholders.
Deep dives
Funding Florida's Philanthropy Boom
Florida is experiencing a new era of philanthropy driven by wealthy transplants from Wall Street. Affluent individuals and families are bringing their culture of giving and financial resources to the Sunshine State, contributing to a boom in philanthropic activities. The accessibility and openness of the Florida philanthropic scene, coupled with the desire to make a local impact, have attracted the attention and participation of these newcomers. The influx of wealthy individuals has resulted in increased giving and support in various causes, including education, arts and culture, and community development. The trend is expected to continue as more financial professionals relocate to Florida.
Unlocking the Secrets of Longevity
RetroBioScience, a startup backed by Sam Altman, is aiming to add 10 good years to people's lives through cellular reprogramming, a cutting-edge technology in the field of longevity. Cellular reprogramming involves treating cells with proteins or small molecules to revert them back to a younger and healthier state. While the science is still in its early stages, animal studies have shown promising results, leading to significant investments in anti-aging startups like RetroBioScience. The potential to extend healthy human lifespan has attracted the attention of Silicon Valley and sparked a race to unlock the secrets of cellular reprogramming and promote longevity in humans.
The Future of Anti-Aging Research
Anti-aging research is experiencing a surge of interest and investment, with companies like RetroBioScience and Altos Labs leading the way. Cellular reprogramming, which aims to reverse cellular aging, is a particularly promising approach. By stimulating proteins or small molecules in cells, scientists hope to rejuvenate aging tissues and organs, potentially extending human lifespan and improving overall health. While the science is still evolving, the influx of funding and talent into the field suggests that breakthroughs and advancements in anti-aging research may be on the horizon.
Compliance with Cybersecurity Reporting Rules
Public companies are grappling with new rules from the SEC that require timely reporting of significant cyber attacks. According to the rules, companies must disclose cyber incidents within four business days of determining that they are material to shareholders. The implementation of these rules has posed challenges for some companies as they work to comply with the reporting requirements and ensure accurate and timely disclosure. The rules aim to enhance transparency and provide investors with timely information about cybersecurity risks and their potential impact on companies' operations and financials.
New SEC Regulations on Cybersecurity Disclosure
The SEC has implemented new regulations requiring public companies to disclose significant cyber attacks and incidents within four business days. Companies must now disclose policies governing cybersecurity risks, risk management processes, processes for informing management about cyber incidents, and the board's oversight of cybersecurity. The new regulations aim to incentivize companies to proactively protect themselves and provide transparency to shareholders or investors about potential impacts on business operations or financial performance.
The Importance of Cybersecurity Investments
The recent increase in cyber attacks highlights the importance of companies investing in adequate cybersecurity measures. While companies are spending significant amounts of money on securing their networks, cyber criminals only need to be successful once, while companies need to remain vigilant every day. The regulations set by the SEC are intended to raise the bar for CEOs, CSOs, and boards of directors in terms of preparing for and mitigating cyber incidents. Companies are expected to spend between 4 to 15% of their total technology spend on cybersecurity, with an increasing focus on detection and preparation to minimize potential damage.
Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek." Hosted by Carol Massar and Tim Stenovec
Hear the show live at 3PM ET on WBBR 1130 AM New York, Bloomberg 106.1 FM Boston, Bloomberg 960 AM San Francisco, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 119, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.
You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.
Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW