Walmart CEO Retires, US Head to Lead Retailer Into AI Age

Walmart CEO Retires, US Head to Lead Retailer Into AI Age

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Jennifer Bartashus, Bloomberg Intelligence Senior Analyst, Retail Staples & Packaged Food, discusses Walmart’s CEO retiring in February. Chief Executive Officer Doug McMillon, who over a decade ushered the big-box behemoth into the Internet age, will be replaced by US head John Furner. Furner, 51, takes over as Walmart faces a fast-moving shift toward artificial intelligence, an uneven US economy, and a rapidly changing global workforce.

-Madison Muller, Bloomberg News Health Reporter, discusses Merck agreeing to acquire Cidara Therapeutics, a biotech company developing a flu treatment, as part of its ongoing efforts to make up for the upcoming patent loss of its blockbuster cancer drug Keytruda. Merck will pay $221.50 a share in cash for Cidara in a tender offer, more the twice Thursday’s closing price, for a total transaction value of about $9.2 billion, the companies said Friday in a statement.

-John Butler, Bloomberg Intelligence Senior Telecom Analyst, discusses the latest at Verizon. Verizon Communications is discussing plans to announce job cuts next week that could downsize the company by as much as 20%, according to people familiar with the wireless carrier’s plans. It's a major step in a transformation led by new Chief Executive Officer Dan Schulman. The size and scope of the potential layoffs are still being discussed, but they could impact 15,000 to 20,000 workers, the people said. Verizon has about 100,000 employees. The planned cuts are part of an aggressive strategy that Schulman recently unveiled to reclaim market share.

See omnystudio.com/listener for privacy information.

Jaksot(3277)

Noal Goldfarb Doesn't See Much Upside Left to Bonds (Audio)

Noal Goldfarb Doesn't See Much Upside Left to Bonds (Audio)

(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. GUEST: Noel Goldfarb, Financial Advisor with National Financial Network, LLC, on investing for individuals, maximizing wealth, and impact of fiduciary rules.See omnystudio.com/listener for privacy information.

2 Touko 201611min

Bloomberg's Wilson on Winners, Losers, Stock of the Day (Audio)

Bloomberg's Wilson on Winners, Losers, Stock of the Day (Audio)

(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. Guest: Bloomberg stocks editor David Wilson on today's market winners, losers, and Stock of the Day: Haemonetics (HAE).See omnystudio.com/listener for privacy information.

2 Touko 201612min

Maglan's Tawil on Puerto Rico: Infrastructure at Risk (Audio)

Maglan's Tawil on Puerto Rico: Infrastructure at Risk (Audio)

(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. GUEST: David Tawil, President and Co-Founder of Maglan Capital, with analysis of Puerto Rico's default.See omnystudio.com/listener for privacy information.

2 Touko 201611min

S&P's Glickman on Halliburton: US Focus Still Poses Risk(Audio)

S&P's Glickman on Halliburton: US Focus Still Poses Risk(Audio)

(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. GUEST: Stewart Glickman, Equity Analyst and Group Head of Energy and Materials from S&P Capital, on Halliburton and Baker Hughes quitting their $28 Billion merger.See omnystudio.com/listener for privacy information.

2 Touko 20168min

Vertical's Dillon on IP Buying WY Pulp Asset: 'Win Win' (Audio)

Vertical's Dillon on IP Buying WY Pulp Asset: 'Win Win' (Audio)

(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox.\u0010\u0010GUEST:\u0010Chip Dillon, Partner and Head of Global Paper and Packaging Practice at Vertical Research Partners, on International Paper buying Weyerhaeuser's pulp business for $2.2 billion.See omnystudio.com/listener for privacy information.

2 Touko 20164min

Bloomberg's Leonard on New Book, 'Neither Snow Nor Rain'(Audio)

Bloomberg's Leonard on New Book, 'Neither Snow Nor Rain'(Audio)

(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. GUEST: Bloomberg Businessweek writer Devin Leonard on his new book "NEITHER SNOW NOR RAIN," a landmark century-spanning social, political, and economic history of the United States Post Office.See omnystudio.com/listener for privacy information.

2 Touko 201611min

ISM's Holcomb: Companies Continuing to Cut Inventories (Audio)

ISM's Holcomb: Companies Continuing to Cut Inventories (Audio)

(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. GUEST: Brad Holcomb, Chairman of the Manufacturing Business Survey at the Institute for Supply Management, on the April ISM report.See omnystudio.com/listener for privacy information.

2 Touko 20168min

Bloomberg's Chappatta on Puerto Rico's Imminent Default (Audio)

Bloomberg's Chappatta on Puerto Rico's Imminent Default (Audio)

(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. GUEST: Brian Chappatta, Municipal Bond Reporter for Bloomberg news, on which Puerto Rico bond may default next, as the next payment deadline looms on May 1.See omnystudio.com/listener for privacy information.

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