Bloomberg Businessweek

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."
Hosted by Carol Massar and Tim Stenovec

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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.

Attorney General Pam Bondi is leaving her post as head of the US Justice Department, ending a tumultuous tenure as the nation’s top law enforcement official after some high-profile stumbling blocks in her efforts to carry out President Donald Trump’s agenda.

“We love Pam, and she will be transitioning to a much needed and important new job in the private sector, to be announced at a date in the near future, and our Deputy Attorney General, and a very talented and respected Legal Mind, Todd Blanche, will step in to serve as Acting Attorney General,” Trump said in a post on Truth Social.

In choosing Blanche to serve as acting attorney general, Trump has elevated another one of his former defense lawyers to be the nation’s chief law enforcement officer.
Blanche served as Trump’s defense attorney in criminal cases relating to the 2020 election, his handling of classified documents and alleged hush-money payments.

Blanche can serve in the acting role for 210 days under a federal law for filling vacancies while the Senate considers whoever Trump nominates to be confirmed as attorney general.
The president has discussed Environmental Protection Agency Administrator Lee Zeldin as a potential replacement for Bondi, according to people familiar with the matter.

Today's show features:
Jeff Mason Bloomberg News Washington and White House Correspondent & Matthew Seligman, Grayhawk Law Founder
Ira Jersey, Bloomberg Intelligence Chief US Interest Rate Strategist and Robert Tipp, PGIM Fixed Income Managing Director, Chief Investment Strategist, and Head of Global Bonds
Olivia Fishlow, Bloomberg News Leveraged Finance Reporter and James Crombie, Bloomberg News Senior Editor for Credit on latest in private credit sector
Jessica Rosenworcel, Executive Director of the MIT Media Lab and former Chair of the FCC
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Firms lobby public institutions even when associations they are members of are lobbying those same institutions. This is what we conceptualize as ‘parallel lobbying’. Firms engage in parallel lobbying to monitor associations they are members of, reinforce the message delivered by the associations, provide additional or nuanced information that goes beyond the lowest common denominator, or even to break ranks from the collective position and signal a different message to the one provided by the association. Regardless of what the rationale behind these parallel meetings is, this article intends to bring new light into this phenomenon by examining the extent to which parallel lobbying occurs at the EU level and, more importantly, unveiling what firm – and association-level characteristics explain why firms exercise parallel lobbying.

Angel Saz, Professor at Ramon Lulull University and Director of EsadeGeo – Centre for Global Economy and Geopolitics, a leading B-school in Spain, discusses his work in parallel lobbying and how it is playing out in the world of global business. He speaks with Bloomberg's Carol Massar, Tim Stenovec, and Bloomberg Businessweek Senior Editor Dimitra Kessenide
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President Donald Trump said the war in Iran is “very close” to completion, even as he signaled strikes could escalate in the near term.

Trump in a rare prime-time address on Wednesday cast the war as a success, saying the operation had nearly achieved its military goals, including destroying Iranian ballistic missiles and drones, air force, navy and industrial base. He said those steps would prevent Tehran’s proxies from destabilizing the region and cut off the country’s path to nuclear weapons.

“Tonight I’m pleased to say that these core strategic objectives are nearing completion,” Trump said from the White House in a roughly 20-minute speech. “We are going to finish the job. and we’re going to finish it very fast, we’re getting very close.”
The speech came as the president is grasping for an off-ramp in a conflict that has quickly slipped out of control.

For instant reaction and analysis, Bloomberg Radio host Doug Krizner speaks with Bloomberg This Weekend co-host Christina Ruffini and Bloomberg White House and Washington correspondent Jeff Mason.
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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.
NASA astronauts are poised to lift off Wednesday on a 10-day journey that will slingshot them around the moon, marking humanity’s return to the lunar vicinity for the first time in more than half a century.
The crew’s Lockheed Martin Corp.-built Orion capsule, perched atop the Boeing Co.-made Space Launch System rocket, is set to launch at 6:24 p.m. local time from Kennedy Space Center in Florida.
The mission is a crucial, in-space dress rehearsal for the long-delayed SLS rocket and Orion capsule, and marks the biggest milestone yet in NASA’s multi-year Artemis campaign to land humans on the moon as soon as 2028. If the mission launches on schedule, the four-person crew will travel farther in space than anyone in history.
President Donald Trump’s NASA administrator, Jared Isaacman, and former astronaut and US Senator Mark Kelly attended the send-off.Earlier, European Space Agency Director General Josef Aschbacher joined other NASA officials, lawmakers and industry executives walking the press site, conducting interviews. TV outlets set up white tents on the lawn outside to capture the giant SLS rocket standing a few miles away.
Today's show features:
Ed Ludlow, Bloomberg Tech Co-Host on NASA's Artemis II Launch
Rebecca Homkes, Lecturer at the London Business School and Faculty at Duke Corporate Executive Education
Andrew Szczurowski, Morgan Stanley Investment Management Strategic Income Portfolio Manager
Ben Gagnon, Bitfarms CEO on Bitfarms Officially Rebrands as Keel Infrastructure; Completes U.S. Redomiciliation
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