Big Take

Discover how hackers paralyzed the car industry by targeting a software provider, leading to inventory access issues, sales disruptions, and data security fears. Uncover the operations of the cybercrime gang Black Suit, the vulnerability of centralized software systems, and the debate on ransom payments in the aftermath of cyberattacks.

Financial journalist Cathy Chan discusses the cultural shift at China International Capital Corporation, China's leading investment bank, as bankers pledge loyalty to the Communist Party. The podcast explores the impact of President Xi Jinping's common prosperity drive on CICC, highlighting the struggles with declining stock prices and talent retention amidst a changing business climate.

The podcast discusses the growing demand for 24-hour stock market trading, the challenges and benefits of around-the-clock trading on platforms like Robinhood, and the implications of overnight trading on Wall Street. It also touches on the resistance to change among market participants and the shifting landscape of trading post-COVID-19.

Bloomberg consumer goods reporter Les discusses 'upflation' in consumer goods, where brands tweak products and raise prices. Topics include whole-body deodorants, inflation impact on prices, decline in personal care sales, introduction of premium products, and consumer shift towards sustainable consumption.

Bloomberg's China editor Alan Wong discusses how Beijing is reshaping Hong Kong, impacting residents and the city's future. Topics include the displacement of Hong Kong residents, challenges post-handover, erosion of democracy and press freedom, and fears in the creative sector.

Rare insights from Bernard Arnault, CEO of LVMH, on building a luxury empire with brands like Louis Vuitton and Dior. Explore his meticulous attention to detail, succession planning, and strategies for sustaining luxury brands in the competitive market.

AI data centers are consuming massive amounts of energy, straining global power grids. Countries like Sweden, the UK, and the US are seeing significant increases in energy consumption due to AI. This surge in demand is impacting local communities, energy prices, and climate change efforts. The podcast explores the challenges of meeting the energy needs of data centers, including the adoption of nuclear power as a solution.

Professional lacrosse players Jake Carraway and Ryan Conrad share their experiences balancing Wall Street jobs with playing for the Philadelphia Waterdogs in the Premier Lacrosse League. The podcast discusses the growth and challenges of professional lacrosse, the ambitions of the PLL to emulate UFC success, and efforts to turn niche sports like cornhole and pickleball into lucrative professional leagues.

Bloomberg reporter Nishant Kumar discusses hedge fund boot camps shaping star traders. They explore the competitive industry, rise of in-house training programs, successful training strategies, and challenges faced by aspiring traders.

Marine Le Pen's far-right National Rally party's surprising EU election success prompts a snap election in France, causing concern for the rest of the EU. Bloomberg discusses the rise of far-right movements in Europe, their potential impact on US relations, and the implications for the left in pivotal election year.