Big Take

From London to California, calls to “tax the rich” are growing. But what are they calling for in practice, and how are governments responding?
On today’s Big Take podcast, host Sarah Holder talks to Bloomberg reporters Charlie Wells and Laura Nahmias about the fight over taxes for the world’s wealthiest, and what a political tussle between New York City Mayor Zohran Mamdani and New York Governor Kathy Hochul reveals about the hurdles some measures are facing.
Read more: ‘Soak the Rich’ Battle Cry Is Rising From London to California
We’re also closely watching US President Donald Trump’s threats to Iran today, after he posted on Truth Social that “a whole civilization will die tonight, never to be brought back again.” Trump’s deadline for a deal with Iran, including reopening the Strait of Hormuz, is 8 p.m. ET.

This is a developing story. We are live blogging at Bloomberg.com with the latest from across the globe. You can also listen to the latest at Bloomberg News Now.
We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.
Hosted by Sarah Holder; Produced by Julia Press; Reported by Charlie Wells, Laura Nahmias; Edited by Aaron Edwards.
Fact-checking by Eleanor Harrison-Dengate; Engineering by Alex Sugiura.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.
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President Trump intensified his threats on Iran Tuesday morning posting on Truth Social, "A whole civilization will die tonight, never to be brought back again."

This escalation follows a post on Monday saying the US would attack its bridges and power facilities if it failed to reopen the Strait of Hormuz to shipping traffic by 8pm ET Tuesday night.
On today’s Big Take podcast, host Sarah Holder sits down with White House correspondent Courtney Subramanian to unpack the state of negotiations between the US and Iran, Tehran’s rejection of a temporary ceasefire and the mounting pressure from voters and international leaders.

This is a developing story. We are live blogging at Bloomberg.com with the latest from across the globe. You can also listen at Bloomberg News Now.

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.
See omnystudio.com/listener for privacy information.

After a month of fighting, President Trump took his case for war with Iran to the American people Wednesday night. In a prime-time address that sent energy markets surging, he promised both an imminent end to the conflict and two to three weeks of further intense military strikes.
On today’s Big Take podcast, host Sarah Holder and Bloomberg Washington Correspondent Jeff Mason unpack the president’s brief, often contradictory speech. They discuss how it put investors and key allies on the back foot, what it could mean for the president’s agenda heading into the midterms and where the conflict goes from here.

We are live blogging our coverage of the war with Iran at Bloomberg.com with the latest from across the globe.
Here’s what else we’re watching today:
Trump Ousts Bondi After Chaotic Tenure at Justice Department
Blue Owl Limits Redemptions on Private Credit Funds After Massive Exit Requests
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US President Donald Trump spoke for nearly 20 minutes from the White House, saying the US would hit Iran “extremely hard” in the next two to three weeks, and that he’d strike key infrastructure like electric plants if no deal is reached.

Stocks fell and oil jumped on his comments, with Brent rising 5% as Trump talked about possible escalation and reiterated his call for other nations to step in to fully reopen the Strait of Hormuz.
This is a developing story. We are live blogging at Bloomberg.com with the latest from across the globe. You can also listen at Bloomberg Daybreak or Bloomberg News Now.

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.
See omnystudio.com/listener for privacy information.

Fueled by a powerful mix of FOMO and a government drive to accelerate AI adoption, OpenClaw has exploded in popularity across China. But as these agentic systems gain sweeping access to personal data, reports of them “going rogue” are beginning to surface.
On today’s Big Take Asia podcast, host K. Oanh Ha sits down with Bloomberg’s Luz Ding and Bloomberg Opinion’s Catherine Thorbecke to dig into the rapid rise of agentic AI in China, why it has taken hold so quickly and the mounting security concerns pushing users and regulators to reassess the risks.
Read more: There’s Method to China’s OpenClaw Madness
China’s OpenClaw Obsession Is a Risky Gamble on Experimental AI
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