17 Burst results for "Joel Weber"
Bloomberg Radio New York
"joel weber" Discussed on Bloomberg Radio New York
"Business week editor Joel Weber and Bloomberg news investigations reporter Anthony Cormier on the unbelievable magazine cover story, the Fuji, the fugitive and the FBI. Is one of the founding members of the fugees, the 90s winning 90s Grammy winning rap act. And he met an unassuming baby faced Malaysian businessman in 2006 at a nightclub, and his life changed pretty dramatically after that. That Malaysian man was Jo low, the accused, financier, who was facing very serious charges of embezzling from a Malaysian sovereign wealth fund. And we picked this story up after jolo has been charged with multiple offenses or he's at least been accused of embezzling money. And he asks for a favor from his dear friend prize Michelle. So many different places to go on this one. And I feel like you got to love a story that is not only being told by us and all the esteemed business outlets out there, but it's also being told by page 6. So let's go to it. First of all, how did these two come together and how did Paz get so intertwined? All right, we'll cross the connector. He's the kind of guy who has friends and business and in politics and in entertainment and he meets jolo to party and they slowly become friends and they begin to explore these sort of business opportunities together and Joe found that pros had connections to the Obama White House and what they have been accused of is using straw donors to donate money to Obama's 2012 election
Bloomberg Radio New York
"joel weber" Discussed on Bloomberg Radio New York
"Business week editor Joel Weber and Bloomberg news investigations reporter Anthony Cormier on the unbelievable magazine cover story, the Fuji, the fugitive and the FBI. Pras Michel is one of the founding members of the fugees, the 90s winning 90s Grammy winning rap act. And he met an unassuming baby faced Malaysian businessman in 2006 at a nightclub, and his life changed pretty dramatically after that. That Malaysian man was Joe Lowe, the accused financier who was facing very serious charges of embezzling from a Malaysian sovereign wealth fund. And we picked this story up after jolo has been charged with multiple offenses or he's at least been accused of embezzling money. And he asks for a favor from his dear friend pras Michel. So many different places to go on this one and I feel like you gotta love a story that is not only being told by us and all the esteemed business outlets out there, but it's also being told by page 6. So let's go to it. First of all, how did these two come together and how did pros get so intertwined? Well, pros had a process of connector. He's the kind of guy who has friends and business and in politics and in entertainment and he meets jolo to party and they slowly become friends and they begin to explore these sort of business opportunities together and Joe found that pros had connections to the Obama White House and what they have been accused of is using straw donors to donate money to Obama's 2012
Bloomberg Radio New York
"joel weber" Discussed on Bloomberg Radio New York
"Business week editor Joel Weber and Bloomberg news investigations reporter Anthony Cormier on the unbelievable magazine cover story, the Fuji, the fugitive and the FBI. Pras Michel is one of the founding members of the fugees, the 90s winning 90s Grammy winning rap act. And he met an unassuming baby faced Malaysian businessman in 2006 at a nightclub, and his life changed pretty dramatically after that. That Malaysian man was Jo low, the accused financier who was facing very serious charges of embezzling from a Malaysian sovereign wealth fund. And we picked this story up after jolo has been charged with multiple offenses or he's at least been accused of embezzling money. And he asks for a favor from his dear friend pras Michel. So many different places to go on this one. And I feel like you gotta love a story that is not only being told by us and all the esteemed business outlets out there, but it's also being told my page 6. So let's go to it. First of all, how did these two come together and how did Paz get so intertwined? Well, pros had a process of connector. He's the kind of guy who has friends and business and in politics and in entertainment and he meets jolo to party and they slowly become friends and they begin to explore these sort of business opportunities together and Joe found that praz had connections to the Obama White House and what they have been accused of is using straw donors to donate money to Obama's 2012
Bloomberg Radio New York
"joel weber" Discussed on Bloomberg Radio New York
"Can't stay here. I came back. I'm going to go find a job at a different place. As he said, other people are hiring. Well, you talk about these workers or the team talks about workers in isolation. There's no food. There's trash piling up. I mean, these are sounds like pretty horrible conditions. Yeah, absolutely. And I think that what you're seeing is a breaking point. I mean, at one point we describe, they built barriers between the dormitories and the production facilities so that people basically couldn't stray or run away basically in between home and the job and that's pretty dystopian. It feels a little bit like a prison. Absolutely. Hey Josh, just long-term here. No doubt, Foxconn has an apple have this long-standing relationship with China, but what other options does apple and Foxconn potentially have in the long term? So Foxconn has already making more iPhone 14 models in India more than any previous generation. And it's expanded into Vietnam and Thailand as well. And I think that's a sign of how much Chinese policies are potentially hurting China itself. At the same time, Apple spent decades building up this production capability and it's not like it can just turn off the switch and turn one on somewhere else. If it really wants to reduce its reduction and up reliance on China, it's going to be a long-term project. That was Joshua Bruce dean, he's technology editor for the magazine. Bloomberg businessweek editor Joel Weber with this there as well. Mike Regan sticking around for our next segment. Coming up after the break, we examine the broader implications of the Chinese COVID response that has put tons of millions of people
Bloomberg Radio New York
"joel weber" Discussed on Bloomberg Radio New York
"On the Bloomberg terminal and of course, on newsstands, one story in the issue takes a look at the biggest U.S. copper mine that may not be able to actually deliver on its good stem. We're talking about Rio tinto's resolution project. It's got enough of the metal for 275 million EVs. Some locals say though it should never be developed. The story by Joe Doe, he is metals and agricultural America's deputy team leader for Bloomberg news. He's with us right now in the Bloomberg interactive broker studio. Joel Weber is going to be joining us too. He's editor of Bloomberg business week. He's with us in the Bloomberg interactive broker studio. Joe, I want to start with you just because, you know, you got to go visit this mine in Arizona. What was it like? So, I mean, you're in Phoenix and you drive about 45 minutes east of Phoenix. And suddenly you just go from like city to desert to like this beautiful rolling hilly kind of cliffy area. And then you kind of go through this crevasse and you enter this beautiful kind of range with these rocks and whatnot. And there at the top of all this is this kind of like plain shaft, right? There's a couple of large pieces of iron that have clear lips going down to the ground. But you don't think anything other about it. So that's where the actual mind is located. And I said, well, you know, I want to go down into it because it's the deepest mine in the Americas. It's about a mile and a half deep. So we went all the way down there and you get down there and it's kind of like, I don't know, you go to like a new library, right? It's all concrete and lit up by fluorescent lights and everything else. And if you didn't know you're a mile and a half in the ground, you might think you're like a casino or someplace without windows. But that's where it stops because there is no mind being built because they don't actually have the right to the land right now to build where the actual copper veins are, right? So this is going to be a copper mine and it's going to have, like you said, be producing the most copper in all of North America. And it sits below this Native American site. It is a campground actually owned by the forest service, but the San Carlos Apache tribe say, this has been our land for time and opportunity. That I was actually talking to the guy who was one of the former Apache leaders who's now leading the kind of charge to say you should not give this land over to Rio tinto, the United States should hold onto this land. And yeah. Well, so there's tension. I want to bring Jill Weber into because Joel, you know, the reason this is such an important story is we talk so much about electrical vehicles, EVs. And we talk about lithium, that's so important, but actually copper is really important when it comes to EVs. And we need a lot of it. Yes. Like so much of it, like you need like maybe a big gigantic mine with the biggest deposit in the U.S.. Joe may be visited. Yeah, exactly. But I think it does speak to when you mentioned some other materials there, some metals there. Look, like the U.S. is really never been at the forefront of getting this stuff out of the ground and making it be a supply chain that could end up in an electric vehicle. I think that really changed with the new incentives from Washington. And this shows how there's this reality that has yet to meet where, you know, we might end up in the future. But in this specific example, how likely is Rio tend to be even to get this copper out of the ground anytime? Anytime. I mean, if you assume that the United States government does end up approving the land swap. And it is on hold right now because the Biden administration said, wait a minute, we feel like some of the licensing wasn't actually done correctly. We feel like some of the environmental impact studies were not done correctly, so maybe we should redo those. Even if they suddenly said, you know what? We're going to reverse that and allow for the swap. It would still take ten years before Rio tinto is actually pulling copper ore up out of the ground. So I mean, it just reminds us that mining projects take minimum ten years to get up off the ground. And this is the problem. I was saying on Twitter just yesterday, you know, the Biden administration has been front and center talking about the materials being domestically produced. And even though most people don't think, oh, energy transition. We need to talk about the minds. This is like constantly being talked about in The White House and being talked about around Congress. Everybody's for this, but you get into the complexities of this situation with resolution, and you see why it is so difficult. And the problem that we have, right? If we truly want to do this at home, we got to be ready for understanding. It's going to take ten, 15, 20 years to actually have the ability to do that all domestically. It makes me wonder that idea of what two fifths of passenger cars car sales to be EVs by 2030 makes me wonder how the heck do we do it? Especially if we want everything to be made domestically or a lot of it. Right. And this wasn't in the story, but I was recently having a conversation with a very big trading firm that actually trades all these metals. And they said, it's just now getting on people's radar, exactly how much copper you need. And what is in the story is Goldman's most recent research says, we're not going to hit a deficit for three more years. So 2025. But by 2025, the price is going to more than double for copper. And that's because the market, the China. China is very much aware of that. And they are the ones also going out there trying to secure off take agreement and buy part of mines in all different parts of the world that people like Elon Musk say, you know what, maybe we don't want to touch that copper mine in the Democratic Republic of Congo. Maybe we do just want the one that's in Arizona that we can trust or the one that's in Chile that we can trust. By
Bloomberg Radio New York
"joel weber" Discussed on Bloomberg Radio New York
"Preparatory work. It's like groundwork, you know, they're digging big tunnels, they're smoothing out ground, but it's not like you can go there now and see a city or see any of the things that they've been planning. They're still a pretty big gap between what they're talking about and what's happening on the ground. It sounds like they start things. They start working on it and they back off of it. It sounds like a lot of starts and stops. Who does seem to be winning though all in is if you're a consultant or anybody involved in the project, I love the line you talk about two buckets for those who work on the project. And one of it is a bucket just to hold all the money that they're making. Don't mention the other bucket. I won't make any other buckets. Well, you can. For number twos. But people are making a ton of money off of this. There are a lot of people who have found this to be an incredibly lucrative project. And that is predominantly the consultant and the people who come from outside to work there, which was something that sort of came up again and again that my conversations with people was that this is basically like a life-changing job for a lot of people, like they can come and make so much money that they can essentially, it makes a huge difference for their life. They can finish putting their kids through college. They can save up for retirement home. And so many of the people who come to do that are basically coming to earn that giant paycheck and they don't all necessarily actually have an investment in what actually happens once they're gone, which of course is a recipe for disaster. People who don't necessarily have a stake at the success of the project. Sort of coming for a couple of years and then leaving. And there is quite a lot of turnover going on. And the atmosphere inside is pretty chaotic. They've brought in pretty impressive talent from all over the world. You know, you have former executives from companies like GE and borough hackle, working on the project. But there's also a lot of people eating. Well, it's an incredible story Vivian, the cover story of this edition of Bloomberg businessweek. Bloomberg news Saudi Arabia correspondent Vivian niran. Also with us business week editor Joel Weber on this week's cover story. Check it out on newsstands now online at Bloomberg dot com slash business weekend of course on the Bloomberg terminal. All right, still to come on Bloomberg businessweek, empanada
Bloomberg Radio New York
"joel weber" Discussed on Bloomberg Radio New York
"High powered executives or professionals from all over the world who are working on this camp essentially, which is like very much felt like a cross between something from Silicon Valley and like maybe like a minimum security prison. And even the employees make a lot of jokes about that. They're like, oh, you know the wall, we're not sure if it's to keep people out or to keep us in. So it's a very strange atmosphere. There's not a ton of visible construction going on now. It's a lot of preparatory work. It's like groundwork, you know, they're digging big tunnels, they're smoothing out ground, but it's not like you can go there now and see a city or see any of the things that they've been planning. They're still a pretty big gap between what they're talking about and what's happening on the ground. It sounds like they start things. They start working on it and they back off of it. It sounds like a lot of starts and stops. Who does seem to be winning though all in is if you're a consultant or anybody involved in the project, I love the line you talk about two buckets for those who work on the project. And one of it is a bucket just to hold all the money that they're making. Don't mention the other budget. I won't mention the other packet. Well, you can. For number two. But people are making a ton of money off of this. There are a lot of people who have found this to be an incredibly lucrative project. And that is predominantly the consultant and the people who come from outside to work there, which was something that sort of came up again and again, that my conversations with people was that this is basically like a life-changing job for a lot of people, like they can come and make so much money that they can essentially, it makes a huge difference for their life. They can finish putting their kids through college. They can save up for retirement home. And so many of the people who come to do that are basically coming to earn that giant paycheck and they don't all necessarily actually have an investment in what actually happens plus they're gone, which of course is a recipe for disaster. You know, people who don't necessarily have a stake in the success of the project. Sort of coming for a couple of years and then leaving and there is quite a lot of turnover going on. And the atmosphere inside is pretty chaotic. They've brought in pretty impressive talent from all over the world. You have former executives from companies like GE and borough. Working on the project. But there's also a lot of people leaving. Well, it's an incredible story Vivian, the cover story of this edition of Bloomberg businessweek. Bloomberg news Saudi Arabia correspondent Vivian niran. Also with us business week editor Joel Weber on this week's cover story. Check it out on newsstands now online at Bloomberg dot com slash business weekend of course on the Bloomberg terminal. All right, still to come on Bloomberg
Bloomberg Radio New York
"joel weber" Discussed on Bloomberg Radio New York
"Is all about the heist issue this week. And always, it's a great, great summer read includes a story about how the 140 year old security firm 80 T linked up with tech giant Google, which also happens to be one of its biggest threats. Bloomberg business we get it or Joel Weber and Bloomberg news technology reporter Austin Carr have more. It's a company that got its roots started in the telegraph business, ADT actually stands for American district telegraph. And they've really been around the security space for that many years. Investing in alarm systems and those yard signs that everyone recognizes in the suburbs. But in the last couple of years they've faced a lot of disruption from Silicon Valley, particularly from companies like Amazon and Apple, Microsoft Samsung, and especially Google. And this is a story really about these two companies that, in many ways, we're competing just a few years ago, now realizing they actually need each other to get to the next stage of growth in the smart home and spark security space. All right, so you say they both need each other. How come? They were missing components to sort of really grow out their market share in the smart home. Basically, Google has an insanely sophisticated AI infrastructure. They have thousands of engineers expert in everything from facial recognition to voice recognition. They have this massive portfolio of beloved consumer hardware, you know them under the brand nest they make really high-tech thermostats and cameras and video doorbells. ADT, meanwhile, it's a Boca Raton based company. They didn't really have much tech to be honest. They really outsourced all their hardware development, I've spent a lot of time at the ADT offices. And it looks nothing like the Google's offices and Mountain View. There's not the sort of R&D labs that we're sort of used to writing about. But what they do have is this massive army of thousands of installers who go around the really expert at wiring up homes with all the security infrastructure and then they also handle 24/7 installation. And so basically the idea is that these two companies came together, one that was focused on more do it yourself devices with Google and the other that wants to do the professional installation for you. And the question will be whether that's something consumers want to pay for and indeed subscribe for them for months on end. Well, let's talk about the do it yourself angle. And for that, we bring in Joel Weber. He's the editor of Bloomberg businessweek. He's with us in the Bloomberg interactive broker studio. Joel, I'm, you know, I was reading this story by Austin. That's on the upcoming issue, the heist issue of Bloomberg businessweek. And there was this part where Google thought that people would want to drill drill holes in their wall and set up their own nest drop or drop cameras. And I thought back to the anxiety attack I had when I was trying to install the next thermostat, which is owned by Google as Austin writes. I couldn't. I could not get it hooked up, and I had to actually call a professional in order to make sure that we had heat that night because that close. Yeah, dad can't figure it out. When the temperature is wildly in flux, so to bring it to a place not about us often. Boca Raton, not known for being a hotbed of tech innovation. And I'm curious, what did you learn about the company and its culture? I mean, a hundred year old company. There's not that many of those to begin with. It was pretty fascinating to go down there. This is really a company that is really obsessed with its history. When you go to their headquarters, which is in Boca Raton, first of all, they do have a big ADT blue octagon yard sign out front, which is perhaps the one place where you don't need that sign because no one's
Bloomberg Radio New York
"joel weber" Discussed on Bloomberg Radio New York
"CEO of sun power telling us why the time to shift to solar it's now And we'll check in on the retail environment We'll do that with fashion entrepreneur Tory Burton Yeah some great voices on this weekend edition of the program All of that to come we begin with this week's cover story though It does come from the remarks section of Bloomberg business We courtesy of assistant managing editor at the magazine Jim Ellis high inflation rattling Americans in part because it makes them feel like things are spiraling out of control and there are plenty of signs that they are Jim and business we editor Joel Weber explained It makes you go to some dark places really quick And that is because of the nature of the last year and the spike that we've seen in inflation It has been something that Americans who have not had a sense of what inflation means is suddenly it is gripping the country and it is leading to all kinds of anxieties and that's river birding across markets and everything else And so I turned to Jim Ellis early in the cycle and said you know Jim you're elder statesman on the staff You lived through the 70s and 80s at business week You've written We've asked you to write about this stuff before Can you kind of give us a toehold in it And then you know between the fed and the markets and everything this week it really to me what Jim ended up writing was really this sense of what it all means right And so Jim I'm just curious I'll take tens question on schiller and kind of bring that back to you Why is inflation such a almost like.
Bloomberg Radio New York
"joel weber" Discussed on Bloomberg Radio New York
"Michael Connor is to sort of work out x-ray Who is this guy They didn't really know who he was Can we cut in Willie tell us the truth Is he dangerous They went into all these meetings with really no idea about what was going on What I love about the extract is that you have this little bromance between these two ex cops and it really is on them to advance the case And why were they the perfect combo to crack this thing open Well I can't alluded to crime at sea fraud deception Violence in some cases in the shipping industry happens all the time And there's a reason that you don't often hear about it which is the shipping industry prefers to keep this all very quiet At certainly sweeping things under the rug where possible And not making a big fuss where sweeping the rug is not possible But the thing that is very interesting about these two guys is they kind of refuse that option They were employed by a group of insurance companies who were quite hesitant about taking a very firm approach to investigating this suspected fraud But Richard and Michael were so determined because of the kind of people they are To get to the bottom of it they became obsessed And they spent really nearly a decade of their lives trying to figure this out And then they were the perfect people to do it at the end Our thanks to Joel Weber kitchel Matt Campbell for taking part in our editors roundtable Kit and mat's book dead in the water a true story of hijacking murder in a global maritime conspiracy That book comes out in May check out our entire editor's round table podcast You can do that online at Bloomberg dot com slash podcast We have Pixar's 2008 animated film WALL-E predicted the latest chapter of human history and why we should have been paying closer attention It was a kids movie but adult you should have been paying attention Yeah you.
Bloomberg Radio New York
"joel weber" Discussed on Bloomberg Radio New York
"5.6% American Express was down by 2.8% an HCA Healthcare lower by 21.8% Again the ten year yield 2.90% gold was down 1% down $18 the ounce to 1933 West Texas enemy crude oil down two and a half percent one O one 18 a barrel So again third weekly decline for the U.S. stock market I'm Charlie palette that is a Bloomberg business flash Thank you so much for that update Charlie pellet Well in our latest edition of the business week editors roundtable we take a look at the story of how two cops cracked the $100 million mystery of the alleged hijacking of the tanker brillante virtuoso Here is business week editor Joel Weber and a Bloomberg reporters kitchel and Matt Campbell with the details It's a murder mystery and it becomes something bigger than that even And it actually started in 2011 when a tanker virtuoso basically was passing through an area that is at the time was being attacked by pirates very commonly And what kind of transpired from there is the subject of the book and it all began I think with kit and Matt realizing when this Bloomberg news headline that I don't think they were involved with but this was the Bloomberg news headline Million barrel tanker on fire off Yemen after grenade attack So from then from that headline it became this businessweek feature story 5 years ago even before me I remember reading that story and the thinking that it was one of the best business week stories that had ever been published And so I was thrilled to publish the excerpt in the current issue Because it shows it becomes like a little bit of a bookend and we're not going to give away the total ending of this thing I do think it's got movie potential But Matt what was it about the Bronte virtuoso that captivated you guys initially It could have been any just like any one of the hundreds of pirates actually But actually what transpired was that this pirate attack was not at all what it seemed And in fact there was a much larger game going on here And the more kit and I dug into it the more we learn the more people we talk to the story just got stranger and more twisted and even after we wrote the 2017 business week feature we remained a little bit obsessed by it And coming back to it for a book was an obvious choice Well come on in on this Tell us about these two X cops because these two guys sound like interesting characters I mean these are two individuals who've known each other for a long time Tell us about their role in all of this So these two guys are Richard villa and Michael Connor And they work in the private investigations industry in London It's a big industry here in London And a lot of the people who filter into it used to work with the government in many cases their policemen So Richard and Michael used to work for the Met police and sort of filtered out of public service and Richard started up his own investigations firm to do exactly this sort of thing to unravel mysterious and high stakes commercially valuable events for paying clients And so these two guys are hired by the insurers of this ship The virtuoso to try and find out what really happened to it So kit enter x-ray Who is x-ray And can I have a nickname like that If you become some sort of informant and maybe you spent some time on a ship you could Carol Tell us about x-ray X-ray is one of a handful of whistleblowers in this case So as matter alluded to the attack on this vessel carrying a million barrels of oil wasn't what it appeared to be it wasn't actually Paris at all It was part of this insane conspiracy that reached right to the top of the shipping industry And right from the start the insurers and the investigators were a little bit suspicious of what happened to the polenta It just didn't seem like piracy didn't really make sense to the pirates would board this vessel and set it on fire And so right from the start they felt like something was off but they didn't have a lot of proof One of the things about criminal activity at sea which has been going on since the dawn of time basically is that it's extremely difficult to prove anything These events happen Mars out away from jurisdiction of police often the only witnesses if there are any witnesses at all are sort of terrified sailors so it's a really tough area to gain any sort of truthful insight into murky maritime goings on But in this case a couple of guys who were directly involved in the aftermath of the attack trying to salvage the vessel or they've been sent to deal with the attack and had firsthand knowledge of what was going on These guys sort of appeared out of the woodwork quite late in the game and they approached the insurers in their agents and basically said we know we know what happened here We know what happened to this ship and would maybe we'd like to help you And so the job of Richard villain Michael Connor is to sort of work out x-ray Who is this guy They didn't really know who he was Can we cut in Willie tell us the truth.
Bloomberg Radio New York
"joel weber" Discussed on Bloomberg Radio New York
"That is a Bloomberg business flash All right got you Charlie Thank you so much And as we mentioned we're covering elections from a few different angles we just talked to max chaffin about Facebook Our second story tackles how excuse me We're talking about social media It's a Tuesday break I was thinking to myself how is Carol gonna connect this There is no We did those two stories We're going to talk about actually a story that's online from Bloomberg business week Let's not bring in Joel Weber and bob Lang Joel leverage editor Bloomberg business week He's with us in the Bloomberg active broker studio bob Langer at his healthcare reporter for Bloomberg news He's with us on the phone from New York City This is a deep dive into Alzheimer's trials excluding black patients at a quote astonishing rate Joel black people are more prone than white people to develop Alzheimer's yet they represent only 2% of those in clinical trials Why Jarring right And part of what makes this I think really interesting is that Alzheimer's has been a space that has had real no solutions anything resembling a solution from drug companies And last year that started to break through because of Biogen with a drug called adjuvant which I'm pretty sure I butchered that and everybody is going to tell me what to actually say Which meant that there were actually more studies being done And yet when we actually dove into that data it revealed that there was a dearth of black participation So bob what's going on here Yeah so it's really interesting about this And by the way it's if anyone cares it's add to helm I think is how you pronounce it And this is the first new Alzheimer's drug in 18 years but it's very very controversial over its efficacy and Medicare recently said they would not cover it outside of clinical trials because of the controversy over the efficacy And one of the things that the broader things were fighting out is as drug companies have a trouble making drugs for Alzheimer's disease with lots of failures and very murky conflicting results And one of the things we're finding out and this is an example of that from broader broader perspectives that they've only been testing the drugs in this very very narrow slice of patients which is tended to be essentially more wider people that have access to sort of a handful top medical centers that can make these early diagnoses because that's the people they are looking for And when we do the data analysis in particular which we think is one of the largest it's ever been done even though black people black Americans have up to up to twice as likely to get Alzheimer's as a white Americans they only made up about 2% of people in trials of the drugs They aren't You don't even know I'm just going to do and some of the very populations that are more likely to get it And the other thing that's important is going on is because of all the exclusions and all the trials exclusion criteria they're actually excluding a larger number of people with other preexisting conditions And so it's just not they're not really testing on a representative population of patients because all kinds of facts are all people and people have lots of preexisting conditions They're not even tested on that So it's a real problem that needs to be solved So scientists as you write and report bob are aware of this problem And yet nobody seems to be certainly the drug companies don't seem to be fixing it or changing how they do this Why Well yeah drug companies say they're working on They say they've gotten the message but some of the researchers we talked to are skeptical and that needs to be more than just targets and needs to be kind of fundamental change kind of in a way of a trial to trials are done and one of the researchers we talked to from Massachusetts general hospital is basically if you aren't basically a lot of if you're not in a sense they basically are very elitist the way the trial is being conducted if you're not one of the kind of elite few which is typically more wealthy and more white You're not even in that not only can not be offered a trial You're not even going to be diagnosed in time To get a trial because these trials are going to be the only chance you have of probably affecting Alzheimer's is if you get it very early when the neurons the brain cells haven't died yet Yeah bob hey can you talk a little more about what's at stake here And I think it's hard to find an American whose life hasn't been touched in some way by Alzheimer's certainly pervasive In many families and just an excruciating illness for those who have had loved ones who have experienced it Talk about what's at stake here in terms of treatment Yeah so I think it's about 6 million people with Alzheimer's in the country There have been very few treatments So there's no treatment proven to slow the course of the disease Biogen thought it had one but its trials were contradictory The drug was approved at a home anyway But there's just so much controversy about these drugs And it's really important to get drugs that show some clear effects but also to prove that they're safe And that means you need to test the drugs in older people as have preexisting conditions because that's who gets Alzheimer's There's very few people There's only a small number of people who get alternatives that don't have other preexisting conditions which include vascular disease many strokes diabetes that can affect the brain So it's very important to test these drugs which has potentially lots of side effects and are very intrusive You have to go into an infusion center for some of them It's very important to test them in a broad range of people because you want to drive only that works But it's safe and actual people that are going to use it So this is a critical importance to do this testing right because these tests take years And if you mess it up if it's not representative it sets us back for years Part of what's even more upsetting about the story bob is that the data that you owe crunched looked at not only Alzheimer's but other neurodegenerative disorders as well right So it's not like it just singled out people who were afflicted by Alzheimer's It actually seems to be a bigger a bigger problem than that that speaks to this problem that the drug industry as a whole has right Yeah so I'll be the clinical trials as a whole in general of drugs have been skewed more towards not including you know black people are representative numbers of black people are Hispanic people or other yet you minorities And that's been true in general but appears to be particularly true for some of these neurodegenerative disorders that are hard to diagnose You need to go to specialty center You need sometimes a diagnosis very subtle And that basically means you don't have good insurance and don't have.
Bloomberg Radio New York
"joel weber" Discussed on Bloomberg Radio New York
"Steno V from Bloomberg radio This week it's the year ahead issue of Bloomberg businessweek and a favorite part of 50 companies to watch compiled with our Bloomberg intelligence team Putting it together Rebecca panty solutions and strategy senior editor at Bloomberg business week She joined us along with business week editor Joel Weber The way that this whole project starts is they take this massive universe of companies that they cover more than 2000 and basically start running it through their spreadsheets and it's just like this gigantic filtering effect to come up with these 50 And really excited about them because it's not they're not hard calls They're not buy and sell recommendations That's not what we're going to get from Bloomberg intelligence I think it's more interesting and perhaps nuanced than that because we think of them as just companies to watch Some of them have positive sentiment Some of them have negative sentiment but they're just ones that we think in the year ahead are going to be really really really interesting companies Yeah so Rebecca come on in here and talk a little bit about some of these companies here I mean the one that I want the one that jumped out at me was Airbnb because I feel like I've been watching Airbnb for years at this point after it's huge IPO and the way the company was able to recover during the pandemic after laying off so many people How did Airbnb make the cut Yeah I think Airbnb will be quite familiar to a lot of us who wanted to travel during the pandemic but didn't feel safe at a hotel for example So bookings have been up and interestingly they've done really really well with long stays So people staying for weeks on end Now the bigger intelligence analysts feel like Airbnb sets itself apart from rivals with its brand advantage So it's very recognizable and it doesn't even really need to spend that much in marketing So that's where booger intelligence has investors should be watching this company Okay so another one that I love And by the way can we just all say when it's like whatever the weather was it was at 19 It feels like it's like single digits Like I'm ready for travel.
Bloomberg Radio New York
"joel weber" Discussed on Bloomberg Radio New York
"Strategy senior editor at Bloomberg business week She joined us along with business week editor Joel Weber The way that this whole project starts is they take this massive universe of companies that they cover more than 2000 and basically start running it through their spreadsheets and it's just like this gigantic filtering effect to come up with these 50 And really excited about them because it's not they're not hard calls They're not buy and sell recommendations That's not what we're going to get from Bloomberg intelligence I think it's more interesting and perhaps nuanced than that because we think of them as just companies to watch Some of them have positive sentiment some of them have negative sentiment but they're just ones that we think in the year ahead are going to be really really really interesting companies Yeah so Rebecca come on in here and talk a little bit about some of these companies here I mean the one that I want the one that jumped out at me was Airbnb because I feel like I've been watching Airbnb for years at this point after it's huge IPO and the way the company was able to recover during the pandemic after laying off so many people How did Airbnb make the cut Yeah I think Airbnb will be quite familiar to a lot of us who wanted to travel during the pandemic but didn't feel safe at a hotel for example So bookings have been up and interestingly they've done really really well with long stays So people staying for weeks on end Now the blueberry intelligence analysts feel like Airbnb sets itself apart from rivals with its brand advantage So it's very recognizable And it doesn't even really need to spend that much in marketing So that's where Uber intelligence has investors should be watching this company Okay so another one that I love And by the way can we just all say when it's whatever whatever the weather is It was at 19 It feels like it's like single digits Like I'm ready for travel.
Bloomberg Radio New York
"joel weber" Discussed on Bloomberg Radio New York
"Tim steno V from Bloomberg radio This week it's the year ahead issue of Bloomberg businessweek and a favorite part of 50 companies to watch compiled with our Bloomberg intelligence team Putting it together Rebecca panty solutions and strategy senior editor at Bloomberg business week She joined us along with business week editor Joel Weber The way that this whole project starts is they take this massive universe of companies that they cover more than 2000 and basically start running it through their spreadsheets and it's just like this gigantic filtering effect to come up with these 50 And really excited about them because they're not hard calls They're not buy and sell recommendations That's not what we're going to get from Bloomberg intelligence I think it's more interesting and perhaps nuanced than that because we think of them as just companies to watch Some of them have positive sentiment some of them have negative sentiment but they're just ones that we think in the year ahead are going to be really really really interesting companies Yeah so Rebecca come on in here and talk a little bit about some of these companies here I mean the one that I want the one that jumped out at me was Airbnb because I feel like I've been watching Airbnb for years at this point after it's huge IPO and the way the company was able to recover during the pandemic after laying off so many people How did Airbnb make the cut Yeah I think Airbnb will be quite familiar to a lot of us who wanted to travel during the pandemic but didn't feel safe at a hotel for example So bookings have been up and interestingly they've done really really well with long stays So people staying for weeks on end Now the bunker intelligence analysts feel like Airbnb sets itself apart from rivals with its brand advantage So it's very recognizable and it doesn't even really need to spend that much in marketing So that's where the rig intelligence has investors should be watching this company Okay so another one that I love And by the way can we just all say when it's like whatever the weather was was it 19 It feels like it's like single digits Like I'm ready for travel.
Bloomberg Radio New York
"joel weber" Discussed on Bloomberg Radio New York
"Business week She joined us along with business week editor Joel Weber The way that this whole project starts is they take this massive universe of companies that they cover more than 2000 and basically start running it through their spreadsheets and it's just like this gigantic filtering effect to come up with these 50 And really excited about them because it's not they're not hard calls Buy and sell recommendations That's not what we're going to get from Bloomberg intelligence I think it's more interesting and perhaps nuanced than that because we think of them as just companies to watch Some of them have positive sentiment some of them have negative sentiment but they're just ones that we think in the year ahead are going to be really really really interesting companies Yeah so Rebecca come on in here and talk a little bit about some of these companies here I mean the one that I want the one that jumped out at me was Airbnb because I feel like I've been watching Airbnb for years at this point after it's huge IPO and the way the company was able to recover during the pandemic after laying off so many people How did Airbnb make the cut Yeah I think Airbnb will be quite familiar to a lot of us who wanted to travel during the pandemic but didn't feel safe at a hotel for example So bookings have been up and interestingly they've done really really well with long stays So people staying for weeks on end Now the Bloomberg intelligence analysts feel like Airbnb sets itself apart from rivals with its brand advantage So it's very recognizable and it doesn't even really need to spend that much in marketing So that's where booger intelligence has investors should be watching this company Okay so another one that I love And by the way can we just all say when it's like whatever the weather was It was at 19 It feels like it's like single digits Like I'm ready for travel.
Bloomberg Radio New York
"joel weber" Discussed on Bloomberg Radio New York
"In 2022 I want to take a closer look at tech stocks with Bloomberg businessweeks Joel Weber for this week's big take and our analysts simply work intelligence Joel have narrowed down I believe 2000 companies to 50 stocks to watch what stands out to you Well there's a couple of big big macro scenes that inform the list And to take 2000 companies and whittle it down to 50 it takes this amazing team and spreadsheets and everything they just kind of like push everything through until they come up with companies that are informed by themes So the transition to electric vehicles the ambitions for the metaverse China's regulatory crackdown And then just like some basic shifts and consumer habits and behavior in large part because of the pandemic I'm sort of informed some of the main picks for this year We're saying these aren't buys and sells Bloomberg intelligence analysts won't go there But some of these do have positive and negative connotations It's a global list Pull out some of the specifics Hot companies in the U.S. and abroad Okay All right so a couple from the U.S. that I think stand up roadblocks So obviously Facebook now meta has really planted a flag there Rope blocks is a really interesting one because robots is already sort of a metaverse company 50 million users most of them young already people are those kids are creating 3D worlds and sales are just going to continue to expand So while meta wants to get their robust is already there.