TikTok Buyers Group to Include Oracle, Silver Lake, Andreessen
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.TikTok’s American operations would be acquired by an investor consortium that includes Oracle Corp., Andreessen Horowitz and private equity firm Silver Lake Management LLC under a framework deal that US President Donald Trump is set to discuss with Chinese President Xi Jinping later this week. The tentative agreement, unveiled on Monday by senior US and Chinese officials after two days of talks in Madrid, would create a US-based version of the popular social media app with Oracle, Andreessen and Silver Lake all holding stakes in the new venture, according to people familiar with the matter. Under the deal, ByteDance Ltd.’s stake in TikTok would be reduced to below 20% to satisfy a US national security law passed in 2024 requiring the Beijing-based company to divest or face a ban in the American market. If completed, with the blessing of Trump and Xi, the transaction would allow the video-sharing platform to keep operating in the US and remove a sticking point in US-China relations. The deal calls for Oracle to continue providing cloud services for TikTok in the US, a business that has become a steady source of revenue for the Austin-based company. Oracle already works with TikTok to host user data in the US and other countries as part of a multi-billion-dollar partnership TikTok has dubbed Project Texas.Today's show features: Bloomberg Businessweek Editor Brad Stone on TikTok's potential buyers and the evolution of social media platforms Katy Kaminsky, Chief Research Strategist and Portfolio Manager with AlphaSimplex Group, on the rates market and the Federal Reserve Adaire Fox-Martin, President and CEO of Equinix, on investing in American infrastructure Alli McCartney, Managing Director, Wealth Management and Private Wealth Advisor with Alignment Partners at UBS See omnystudio.com/listener for privacy information.
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AI Features Paying Dividends as Adobe Gives Strong Outlook
Adobe Inc. gave a strong quarterly revenue outlook, suggesting that the software maker is seeing a payoff from its investment in AI features. Sales will be about $6.08 billion to $6.13 billion in the period running through November, the company said Thursday in a statement. Analysts, on average, estimated a number at the bottom of that range. The San Jose, California-based company also boosted its annual forecast. Adobe has worked to weave artificial intelligence features, often based on its own generative models, into the company’s industry-standard products like Photoshop. That’s now helping spur growth. Anil Chakravarthy, the company's President of Digital Experience Business, Worldwide Field Operations, discusses the company’s strong earnings results and its announcement of the acceleration of its AI innovation adoption, including its push into the use of AI Agents. Anil speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.See omnystudio.com/listener for privacy information.
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US, China Reach TikTok ‘Consensus,’ Setting Up Trump-Xi Call
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump said he would speak with Chinese leader Xi Jinping on Friday as US and Chinese officials reached a framework deal on keeping the TikTok app running in the US.It would be the first direct engagement between Trump and Xi since June.“I will be speaking to President Xi on Friday. The relationship remains a very strong one!!!,” Trump said in a post on social media Monday. Referring to a meeting of top officials between the two nations in Madrid, Trump also said that the session “has gone VERY WELL!”US Treasury Secretary Scott Bessent, who led the talks in Spain, told reporters that a framework to keep ByteDance Ltd.’s TikTok app running in the US had been reached. China’s Vice Commerce Minister Li Chenggang also told reporters in Madrid that a framework of “consensus” had been reached on TikTok, while cautioning that Beijing won’t sacrifice principles for a deal.The terms of the blueprint, and whether they would satisfy the requirements of a US national security law that took effect in January, remain unclear. But a US official emphasized that some arrangement was crucial in order for Trump and Xi to have their first in-person tête-à-tête later this year.Had there been no deal on TikTok, a Trump-Xi meeting on the sidelines of the Asia Pacific Economic Cooperation gathering in South Korea late next month would have been off the table, the official said. A Trump state visit to China would also have been off the table, the official added, speaking on condition of anonymity to discuss the sensitive issue.Today's show features: Bloomberg News White House Reporter Skylar Woodhouse on President Donald Trump and Xi Jinping’s expected talks Friday, and the potential for a resolution to the TikTok saga Yelena Shulyatyeva, Senior US Economist for The Conference Board, on this week’s FOMC policy meeting Bloomberg Businessweek Senior Reporter Max Chafkin on Elon Musk’s $1 billion Tesla stock purchase Brent Schutte, Chief Investment Officer of Northwestern Mutual Wealth Management on the outlook for US monetary policy See omnystudio.com/listener for privacy information.
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CDC’s Total Overhaul Takes Shape
Since it was established almost 80 years ago, the US Centers for Disease Control and Prevention has been considered the gold standard for public health. For generations, the world has looked to the agency for guidance during dangerous disease outbreaks, with its website frequently bookmarked by physicians across the country looking for science-backed recommendations.But in the months since Robert F. Kennedy Jr. took over the Department of Health and Human Services, which oversees the CDC, the agency has been thrown into disarray. HHS laid off thousands of CDC employees in April, including people studying chronic disease—Kennedy’s central issue—before bringing back some workers as a result of various lawsuits.Dr. Richard E. Besser, President and CEO of the Robert Wood Johnson Foundation, offers his view on the potential dangers that come with the overhaul at the CDC. Dr. Besser speaks with Carol Massar, Tim Stenovec and Bloomberg News Health Reporter Jessica Nix on Bloomberg Businessweek Daily.See omnystudio.com/listener for privacy information.
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Bloomberg Businessweek Weekend - September 12th, 2025
Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."Hosted by Carol Massar and Tim StenovecHear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BWSee omnystudio.com/listener for privacy information.
Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy. Watch us LIVE on YouTube: http://bit.ly/3vTiACF.
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