You Might Think Twice Before Buying Those New Jeans

The mighty Mississippi River cuts the United States essentially in half from Northern Minnesota all the way down to the Gulf of Mexico. It has a lot of history and romance around its waters, and is also one of America’s most important routes for commerce. More than 1 trillion pounds of goods travel down the river each year. But, as water levels have dropped significantly in key parts of the river, it’s stopped some ships cold. The river is now backed up with billions of dollars of corn, wheat, fertilizer and steel, waiting for water levels to rise again. What happens when one of the most important rivers in the world’s largest economy can’t keep a boat afloat? Michael Hirtzer, an agriculture reporter for Bloomberg in Chicago, joins this episode to answer that question. Wes also checks in with Captain E. Michael Bopp, a Mississippi River pilot and President of the Crescent River Port Pilot Association, and Clint Willson, Director of the LSU Center for River Studies,. for more on what it’s like to work on and study this critical river. Learn more about this story here: https://bloom.bg/3ToEljC Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.

10 Nov 202227min

The US Food and Drug Administration is supposed to make sure the medications we take are effective–and safe. But when a small independent lab in Connecticut called Valisure started testing popular drugs and health products, it turned up some alarming results–including carcinogens and other dangerous substances. You might think the FDA would welcome this information. Not so fast. Bloomberg reporter Anna Edney joins this episode to talk about how Valisure’s findings have shined a light on serious flaws in the way medications are tested and approved. Valisure CEO David Light talks with Wes about how his lab identifies harmful substances in products, and how the FDA responded when he came forward with his lab’s findings. Then Dr. Diana Zuckerman, President of the National Center for Health Research, stops by to answer the question: Is the FDA too close to the companies it oversees? Learn more about this story here: https://bloom.bg/3EdVico  Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK See omnystudio.com/listener for privacy information.

9 Nov 202229min

Here's a thought experiment. It's the middle of winter and you can't afford to pay for both heat and electricity. Which do you stop using first? The lights? The stove? The furnace? This is the real life choice people in the UK and parts of Europe will have to make this winter, and in the years ahead. Fallout from Russia’s invasion of Ukraine and other economic pressures have driven up the price of fuel for homes and businesses alike. Earlier this year, the UK braced for shortages and  planned for possible rolling power outages. Governments across Europe have rolled out fuel price supports to try to keep millions of households from falling into what’s called “fuel poverty.” And the problem won’t stop there. People everywhere, including the US, will face rising prices and uncertainty as nations compete for affordable, reliable energy. To sort out what’s happening, Rachel Morison joins this episode. She leads Bloomberg’s energy coverage in the UK and across Europe.  And Rosalind Mathieson, who oversees Bloomberg’s government coverage, stops in to look at the broader impact across the globe. Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.

8 Nov 202226min

Since Russia invaded Ukraine in February, the US and other Western nations have imposed economic sanctions on scores of Russian billionaires close to President Vladimir Putin. They’ve also gone after their assets–including the enormous yachts prized by billionaires the world over. But now comes the question: What will happen to them? Investigative Reporter Stephanie Baker joins this episode from London to share her reporting on big boats in legal limbo. Learn more about this story here: https://bloom.bg/3TbFfzQ  Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.

7 Nov 202228min

Here’s a random yet important fact: Copper is one of the very best conductors of electricity of all metals. And that matters, because as we move toward a world in which more and more things in our lives plug in or charge up–not just your phone, but electric vehicles, solar panels and wind turbines that will power the future–copper is in increasingly high demand. Worldwide, about 21 million metric tons of it are hauled up from the ground each year. And demand will soon double.Some of the richest reserves of copper are found in Southern Africa. But getting it from deep underground and trucking it thousands of miles to buyers can be a harrowing journey. Without more production or new mines, the world could be looking at shortages, and soaring prices for copper and the products that use it. Joining this episode are Santiago-based commodities reporter James Attwood, and Yvonne Yue Li, a metals and mining reporter in New York. They’ll explain what a coming copper shortage could mean for us all. Reporter Matthew Hill also stops by to describe his visit to a huge mine in Zambia, where he descended thousands of feet underground to see copper being blasted from the rock–and talked to the truckers who risk their safety bringing it to port.  Learn more about this story here: https://bloom.bg/3fxYXrQ  Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.

4 Nov 202226min

Messenger RNA technology made it possible for scientists and drugmakers to quickly develop a Covid-19 vaccine. Now, pharmaceutical companies are racing to use mRNA for other illnesses, including flu, cancer and rare genetic diseases.  Dr. Drew Weissman, one of the researchers who pioneered the mRNA technology that led to the Covid vaccine, joins this episode to talk about his discovery, and the impact it will continue to have on the way patients are treated. Bloomberg’s biosecurity reporter Riley Griffin stops in to discuss Pfizer’s next phase of developing mRNA vaccines. And Bloomberg’s chief medical writer Robert Langreth forecasts how this technology could transform treatment for a variety of illnesses. Learn more about this story here: https://bloom.bg/3fm3Bt8 Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.

3 Nov 202226min

On November 6, leaders around the world will gather for the annual UN Climate Change conference, known this year as COP27. The aim: finding ways to slow the warming of the planet, before it’s too late.  Take Egypt—it’s getting hotter at twice the pace of some other nations, and also happens to be the host of this year’s conference. If it continues to warm at its current rate, the country's crops will wither and the capital, Cairo, will become unlivable. What’s happening in Egypt right now is a glimpse into the future for the rest of us if governments don’t get serious about the climate. Bloomberg climate reporter Laura Millan Lombraña joins this episode from Madrid to walk us through what’s at stake as COP27 is set to begin–and give us the good and bad news about where the Earth’s climate is heading. And energy reporter Salma El Wardany joins from Cairo with perspective from the ground after talking with Egyptian farmers who fear for their futures. Learn more about this story here: https://bloom.bg/3DvW6YF  Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.

2 Nov 202226min

The US is just a week away from the midterm elections, which will decide governors’ races in 36 states--and whether Democrats will keep their majority in the House of Representatives and the Senate. Some Republicans up for election, though, are still disputing the results of the last election. Taking their cue from former President Donald Trump, hundreds of GOP candidates falsely claim that Trump was the real winner in 2020 and that Joe Biden stole the election from him. In five key states where Trump tried and failed to overturn the results in 2020, Republican nominees for governor and other roles overseeing elections are pushing changes to election laws. If they succeed, it could be easier to dispute the outcome if Trump or another candidate tried to do that again in 2024, when the White House is next at stake. To measure how sound the US election system is, Bloomberg created an “Election Risk Index” that assesses how vulnerable states are to political election interference not just in 2022, but in the years ahead. Ryan Teague Beckwith, one of the reporters on the project, joins this episode to talk through the potential risk these candidates pose, especially for the 2024 presidential election. And US politics editor  Mario Parker gives the latest on key races.See omnystudio.com/listener for privacy information.

1 Nov 202229min