Bloomberg Talks

Nicole Malliotakis, the Republican Representative for New York’s 11th District, dives into her recent meeting with President-elect Trump about enhancing state and local tax deductions. She discusses tax relief for middle-class families in high-tax states and strategies for innovative tax solutions amidst the SALT debate. The conversation also touches on the interplay of fiscal legislation with border security, highlighting the need for bipartisan efforts. Additionally, she shares insights on immigration enforcement's effects on communities and offers personal finance tips.

Dave Ricks, CEO of Eli Lilly, dives into the company's bold $2.5 billion acquisition of Scorpion Therapeutics' breast cancer program, signaling a major commitment to oncology. He discusses the anticipated approval of Lilly's innovative oral weight-loss pill in early 2026 and its potential advantages over current treatments. Ricks also addresses the critical issue of drug pricing, exploring strategies for making new medications accessible while ensuring they deliver value and effective outcomes.

Jake Sullivan, US National Security Advisor during the Biden administration, discusses the potential for a ceasefire between Israel and Hamas, with a sense of optimism in the air. He delves into how strict deadlines can influence negotiations and highlights the intersection of U.S. technology policy with national security. Sullivan also examines the strategic U.S.-China rivalry, trade dynamics with the EU, and the evolving challenges Ukraine faces amid ongoing conflict. His insights shed light on the complexities of decision-making in a rapidly changing global landscape.

Teva Pharmaceuticals' CEO Richard Francis shares insights on the company's remarkable growth and its strategies for the future. He discusses the pressing issues of drug pricing and the challenges within the generics market. The conversation highlights supply shortages of Adderall, balancing production with demand. Additionally, the discussion touches on the exciting development of GLP-1 generics and the implications for healthcare mergers and acquisitions, emphasizing the need for strong capital management and innovative practices.

Eric Skae, CEO of Carbone Fine Food, shares his expertise on the boutique grocery industry. He discusses the evolution of pasta sauces, emphasizing homemade flavor and quality ingredients. Skae elaborates on the meticulous process of ensuring consistency, particularly with Italian tomatoes. He also explores innovative product development, including a new Mediterranean marinara. Lastly, Skae reveals ambitious expansion plans that blend gourmet food with fashion and unique gifts, all while navigating market competition and consumer trends.

The discussion kicks off by highlighting the influence of open-source AI tools on startups helping job candidates. It shifts to explore economic trends hindering manufacturing growth, noting job losses amidst past gains. The dialogue emphasizes the role of manufacturing in shaping the labor market and the essential investments needed for quality job creation. Lastly, the impacts of extreme weather on labor are addressed, underscoring the importance of worker compensation and personal experiences related to climate change.

Paul Krugman, a Nobel laureate and distinguished professor of economics, delves into the current U.S. economy and the implications of new jobs numbers. He discusses the impact of tariffs and the tension between globalism and nationalism in trade. Krugman highlights challenges in the labor market, especially for small suppliers, while critiquing the integrity of economic data in a politically charged environment. His insights on AI investments and the looming threat of stagflation round out a compelling analysis of America's economic future.

Rebecca Patterson, former Chief Investment Strategist at Bridgewater, dives into the latest jobs data with Bloomberg’s Tom Keene and Paul Sweeney. She discusses how recent job trends are influencing investment strategies and equity markets, particularly for small-cap stocks facing rising yields. Patterson analyzes labor market data's potential impact on Federal Reserve interest rates and the housing market. She also highlights the vital role of upper-middle-class consumers and the complexities of currency dynamics, offering valuable personal finance insights.

Ellen Zenter, Morgan Stanley's Chief Economic Strategist and Global Head of Thematic and Macro Investing, dives into the current job landscape and its implications for the economy. She examines the disparity in consumer spending between services and goods, highlighting affluent trends. The discussion also navigates how labor market dynamics influence Federal Reserve policies. Zenter shares insights on America's entrepreneurial resilience, especially in Texas, and explores investment opportunities amid market volatility, focusing on sectors like AI and defense.

Kevin O'Leary, Chairman of O'Leary Funds Management and a prominent figure on Shark Tank, shares his ambitious plan to acquire TikTok. He delves into the complex legal challenges posed by the app's ownership and emphasizes a vision to transform it into a platform that champions democracy and free speech. O'Leary also discusses potential collaborations with politicians to ensure TikTok's adaptation to political shifts, highlighting the urgent need for negotiations as the platform's significance for small businesses grows.