Bloomberg Businessweek

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
In an industrial park a half-hour outside Prague, Peter Magic finds himself at the center of a gold rush. In the 15 years since he started his business as a teenager in his parents’ garage in Slovakia, it’s developed into a fast-growing company with almost nine figures in annual revenue and an international clientele. He isn’t training a new kind of agentic artificial intelligence that replaces your employer’s legal department or building the next online prediction market. His company, Janoshik Analytical, does purity and sterility testing for black-market anabolic steroids, an obscure niche Magic found during his own foray into weightlifting. His search for other lifters online took him to 4chan and Reddit, where many talked freely about their pharmaceutical experimentation but fretted about what might be in their drugs. Magic figured testing steroid samples couldn’t be that hard. “It took a couple of years, actually, before we got all the processes perfected, because obviously, legally, this is pretty thin ice,” he says. Among connoisseurs, his testing has become the gold standard. Outside, in his lab’s parking lot, he has the shimmering purple Ferrari to prove it.
As it turns out, Magic’s reputation for running a legitimate business evaluating illicit substances has positioned him perfectly for a new black market: the global trade in peptides. For more on the show, Carol Massar and Tim Stenovec, spoke with Amanda Mull, Bloomberg Businessweek Senior Reporter and Madison Muller, Bloomberg News US Health Care Reporter
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Tuesday’s stock-market slide was what one Wall Street strategist called a “chip-wreck.”The semiconductor companies that have led this year’s stock-market advance with triple-digit percentage gains were suddenly hit with a wave of doubts about the sustainability of the AI-driven rally.
The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
On this episode, Tim Stenovec and Carol Massar speak with:
Amanda Lyons, Head of Research, Energy Group Capital
Sean Gadd, CEO of Latham Group
Katherine Kostereva, CEO of Creatio
Gracelin Baskaran, Director, Critical Minerals Security Program at the Center for Strategic and International Studies
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

SpaceX is selling investment-grade bonds for the first time in what’s expected to be the start of a massive borrowing spree to fund the company’s AI ambitions following its record $75 billion IPO.
Banks including Goldman Sachs Group Inc. are arranging calls with investors on Monday, according to a person with knowledge of the matter, who asked not to be identified because they’re not authorized to speak publicly. A bond sale is expected to follow, with maturities of between five and 30 years, according to the person.

For more, Carol Massar Tim Stenovec speak with Robert Schiffman, Bloomberg Intelligence Senior Technology Credit Analyst
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Alan Greenspan, the Federal Reserve chairman proclaimed a wizard for guiding a then-record US economic expansion, only to see his luster dimmed by the financial crisis that erupted less than two years after he stepped down, has died. He was 100.

He died on Monday at his home in Washington, according to a statement by his wife, Andrea Mitchell, chief Washington correspondent for NBC News. The cause was complications of Parkinson’s disease.

Greenspan’s 18 years as Fed chief, from 1987 until his retirement at the start of 2006, were marked by a stock market boom and low unemployment. More so than the four presidents he served under or the seven Treasury secretaries he worked alongside, Greenspan was seen as the maestro who kept the economy humming.

In a statement on Monday, the Fed said, “Chairman Greenspan’s legacy endures at the Federal Reserve — in those he mentored directly, in the economists and public servants he inspired, and in the frameworks and practices he helped shape.”

On this episode, Carol Massar Tim Stenovec speak with:
Betsy Duke, Former Federal Reserve Governor, Former Wells Fargo Chair, Former American Bankers Association Chair on Alan Greenspan legacy
Jim Caron, Portfolio Solutions Group CIO at Morgan Stanley Investment Management on Fed, Greenspan, US vs ROW equities, rates, credit, macro and 2H outlook
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Alan Greenspan has died at the age of 100. The former Federal Reserve Chairman died on Monday at his home, NBC News reported, citing his wife, Andrea Mitchell. The cause was complications of Parkinson’s disease. Greenspan was proclaimed a wizard for guiding a then-record US economic expansion, only to see his luster dimmed by the financial crisis that erupted less than two years after he stepped down. Bloomberg's David Westin, Paul Sweeney and Isabelle Lee look back at the life and legacy of Alan Greenspan, along with James Egelhof, Chief US Economist at BNP Paribas, and John Micklethwait, Editor-in-Chief at Bloomberg News.
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