On today’s episode of Bloomberg Businessweek Daily, Carol Massar and Alexis Christoforous discuss today’s market action as stocks waver near record highs and bonds decline ahead of next week’s Fed decision. Bloomberg’s Stuart Paul and Ira Jersey join the show to break it down. Plus, Compass Pathways CEO Kabir Nath talks possible FDA approval for the company’s psilocybin depression drug and the path to commercial viability, and Weill Cornell Medicine Women’s Heart Program Director Dr. Nupoor Narula examines the underpinnings of heart failure in young women and improving detection of aortic aneurysms.
Chapters:
00:00:00 – Bloomberg Businessweek Daily Starts
00:04:38 – Stuart Paul on Jobless Claims Falling to Three-Year Low Over Thanksgiving Ahead of December Fed Meeting
00:10:16 – Ira Jersey Talks Treasuries Falling as Claims Data Bucks Case for Fed Rate Cuts, Expectations for a Hassett Fed
00:15:39 – Kurt Wagner Breaks Down Mark Zuckerberg Cutting Metaverse Group’s Budget Up to Thirty Percent
00:21:17 – Compass Pathways CEO Kabir Nath Talks Eyeing Psilocybin Depression Drug FDA Approval, Demonstrating Commercial Viability
00:34:46 – Weill Cornell Medicine’s Dr. Nupoor Narula Examines Underpinnings of Heart Failure in Young Women, Improving Detection of Aortic Aneurysms
00:43:24 – Alexandra Semenova with Stocks on the Move
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