The Richest Family In the World

Like a growing number of US communities, Torrance County, New Mexico, is convinced its financial survival depends on locking immigrants up. A lucrative ICE contract keeps a private detention facility open that local politicians say the area needs. On today’s Big Take podcast, Bloomberg reporters Rachel Adams-Heard and Fola Akinnibi examine how these private facilities are becoming key to the US government’s immigration crackdown – and the financial incentives making it harder for small communities to quit them. Read more: Addicted to ICESee omnystudio.com/listener for privacy information.

14 Maj 19min

Last week, India and Pakistan saw the worst fighting in half a century — and came close to an all-out war. But the conflict came to an uneasy and sudden halt after Donald Trump declared the two countries reached a ceasefire. On today’s Big Take Asia Podcast, Rebecca Choong Wilkins talks to Bloomberg’s Dan Strumpf about how the deadly clashes and ceasefire unfolded and the implications of US mediation in the decades-old conflict. Read more: Trump Truce Leaves India Furious, Pakistan Elated as Risks LoomFurther listening: The Rise of Modi, Part 1: Why India’s Leader Is So Popular – and Polarizing The Rise of Modi, Part 2: How India’s Leader Came Back From the BrinkSee omnystudio.com/listener for privacy information.

13 Maj 17min

In a stunning turn of events, the US and China announced a dramatic reduction in tariffs, which President Trump portrayed as a “total reset” with China. Stocks rose following the news, but what lies ahead once the 90-day reprieve expires remains uncertain. On today’s Big Take podcast, Bloomberg Treasury reporter Dan Flatley joins host David Gura to discuss the major takeaways from these latest negotiations and what they could mean for the world’s two largest economies. Read more: ‘Buy America’ Sweeps Across Global Markets After Trade Talks China Tariff Relief Spurs Shipping Rush, U-Turn on Price Hikes Nasdaq 100 Enters Bull Market After US-China Truce: Markets Wrap See omnystudio.com/listener for privacy information.

12 Maj 16min

Japan has a matcha shortage despite record levels of production. Shops are selling out of the green tea powder as soon as they hit the shelves. On today's Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg's Mia Glass about the world’s obsession with matcha – and why producers can’t keep up with the rising demand. Read more: The Global Matcha Boom Is Driving a Shortage in JapanFurther listening: Japan’s Small Businesses Have a Problem. They Don’t Know How to Raise PricesSee omnystudio.com/listener for privacy information.

9 Maj 17min

Google has lost two antitrust cases in the past year; Meta is currently in court over alleged anti-competitive behavior. Big Tech is in a moment of reckoning that could reshape the industry – and your internet use – for decades to come. Today on the Big Take podcast, Bloomberg’s Sarah Frier and Sara Forden join host Sarah Holder to unpack the trials seeking to rein in Silicon Valley. Will the antitrust cases against Google and Meta help innovation flourish, or kill America’s chances at AI dominance? Read more: Apple Eyes Move to AI Search, Ending Era Defined by GoogleSee omnystudio.com/listener for privacy information.

8 Maj 20min

A few years ago, a former sitcom writer came up with a weird way to sell Americans cheap health plans, using a loophole in the Affordable Care Act. More than 100,000 households have signed up, but many say the coverage isn’t what they were promised. On today’s Big Take podcast, Bloomberg reporter Zach Mider shares what he learned while investigating the plans and what it could mean for the American health-care system if more people turn to them. Read more: A Former TV Writer Found a Health-Care Loophole That Threatens to Blow Up ObamacareSee omnystudio.com/listener for privacy information.

7 Maj 18min

In late 2018, five years after launching fish-feeding company eFishery, Gibran Huzaifah found himself all out of cash. To save his business, the CEO started plugging fake numbers into financial reports. The brighter picture drew hundreds of millions of investor dollars. But his house of cards was doomed to collapse. On today's Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg's David Ramli about the fall of eFishery and what it says about the risks of venture capital investing. Read more: CEO Explains How He Faked Results in $300 Million MeltdownSee omnystudio.com/listener for privacy information.

6 Maj 16min

Warren Buffett shocked shareholders when he announced he’d be stepping down as CEO of Berkshire Hathaway. The 94-year-old business giant had been running the behemoth company for more than 50 years, and his investment decisions have earned him the nickname the “Oracle of Omaha.” On today’s Big Take podcast, Bloomberg senior markets editor and Opinion columnist John Authers unpacks how Warren Buffett changed investing, what it would take for successors to fill his shoes and whether Berkshire Hathaway is headed for a break-up.See omnystudio.com/listener for privacy information.

5 Maj 16min