Show Notes
Democratic nominee for Georgia governor Keisha Lance Bottoms says she is calling for a pause on new data center construction in the state while officials assess the industry’s impact. Speaking to Joe Mathieu and Kailey Leinz on Bloomberg Balance of Power, Bottoms says the pause could last six months or longer, citing questions about strain on the electric grid, costs to ratepayers and impacts on the water supply. See omnystudio.com/listener for privacy information.
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Once Upon a Farm is broadening its refrigerated food lineup for older children, including newly launched organic electrolyte pouches. Jennifer Garner, the company’s cofounder and chief brand officer, said in an interview with Bloomberg's Romaine Bostick that she has spent time visiting retailers and suppliers and remains closely involved in the business. Garner said she joined after learning about the company’s fresh, organic, non-GMO baby food and its mission to make nutritious products accessible to more families. The company is extending its offering as its original customers’ children grow, aiming to serve babies through older kids and become a regular part of school lunchboxes. See omnystudio.com/listener for privacy information.
Stéphane Bancel, Moderna CEO, said in an interview with Bloomberg's Romaine Bostick, that he believes the personalized mRNA cancer vaccine his company is developing with Merck & Co. will work in a variety of tumors, directly addressing a key issue shrouding the company’s future. See omnystudio.com/listener for privacy information.
Bruce Richards, managing partner and head of CVC Marathon, says Anthropic should be able to raise substantial capital in its anticipated IPO, pointing to its rapid growth, revenue trajectory and place among trillion-dollar companies. He expects capital markets to finance Anthropic much as they have other major firms, and sees the listing as unlikely to be a test of investor appetite. Richards says open- and closed-weight AI models can coexist, comparing them with successful open and proprietary software ecosystems; he expects closed-model companies such as Anthropic to capture significant profits. He is broadly constructive on the company, citing strong demand for AI and a shortage of computing capacity. See omnystudio.com/listener for privacy information.
Anthropic filed for an IPO, moving a step closer to being the first company focused primarily on developing the most advanced artificial intelligence models to go public. The company behind Claude expects to begin trading on the Nasdaq Global Select Market under the symbol ANT, a filing Monday with the US Securities and Exchange Commission showed. For instant reaction, Bloomberg's Paul Sweeney and Jess Menton speak with Bloomberg Executive Editor for Global Tech Peter Elstrom and Bloomberg Intelligence Senior Tech Analyst Mandeep Singh. See omnystudio.com/listener for privacy information.
PIMCO UK Senior Advisor Rupert Harrison says he sees at least a 25% chance of an early election in the aftermath of the UK Budget this week. He discusses what to expect from Chancellor John Healey in the biggest event of the political and economic calendar in the UK, including potential tax hikes and measures to cut costs for consumers and businesses. Healey and new prime minister, Andy Burnham, are hoping to get through the fiscal event without the market ructions that have accompanied those of their short-tenured predecessors. He joined Bloomberg's Caroline Hepker and Stephen Carroll to discuss. See omnystudio.com/listener for privacy information.