In a 5-4 ruling, the Supreme Court blocked President Trump’s efforts to remove Federal Reserve Governor Lisa Cook for now, delivering the Fed a victory in the grueling fight over its independence. But the decision arrived alongside another ruling that allows the president to fire a top official at the Federal Trade Commission—a move widely seen as a boon to executive power over independent agencies.

On today’s Big Take podcast, Bloomberg Fed Editor Amara Omeokwe and Senior Legal Reporter Zoe Tillman join Sarah Holder to unpack what these twin rulings mean for the Trump administration's push to assert power over long-independent government regulators, how the court singled out the Fed in its decision and what this means for the central bank and Lisa Cook’s future.

Read more: Supreme Court Expands Trump’s Power to Fire Federal Bureaucrats

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Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky; Reported by Amara Omeokwe and Zoe Tillman; Edited by Jeffrey Grocott.

Fact-checking by Laura Newcombe and Victor Swezey; Engineering by Emma Munger.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

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In November, California will choose a new governor to replace Gavin Newsom, pitting Democratic candidate Xavier Becerra, a former US Secretary of Health and Human Services, US Congressman and state attorney general, against an unlikely Republican rival: Steve Hilton.

Hilton was born in the UK and became a US citizen only five years ago. He had a career in center-right British politics, working as an adviser for former Conservative Prime Minister David Cameron.

In 2012, Hilton moved to California, where he worked as a tech entrepreneur and as a host on right-leaning Fox News.

Hilton, who wants to be the state’s first Republican governor since Arnold Schwarzenegger, tells Mishal Husain how he joined the party, discusses the US-Israel war with Iran, his attitude to big tech and what he misses about life in Britain. He also discusses what having Donald Trump’s endorsement means for him and his campaign.

Contact The Mishal Husain Show mishalshow@bloomberg.net

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On July 1, 2025, the US effectively ended operations of the United States Agency for International Development, the global aid organization founded in 1961, cutting most staff and moving it into the US State Department.

Samantha Power, who led the agency under President Biden until early 2025, joins David Gura on the Big Take podcast to look back at what was lost, internationally and at home.

You can watch their conversation — on Ebola, Iran, Israel and Gaza — on Bloomberg.com.

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Hosted by David Gura; Produced by David Fox; Edited by Jeffrey Grocott and Aaron Edwards.

Fact-checking by Laura Newcombe; Engineering by Emma Munger.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

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Nearly four months after the war in Iran began, US and Iranian negotiators are trying to turn their cease-fire into lasting peace. But critics of the latest memorandum of understanding say it mostly leaves President Donald Trump where he was before the war started, with many key issues unresolved.

On today’s Big Take podcast, Bloomberg Opinion columnist Marc Champion on the latest negotiations between the two countries and what foreign powers – from the Gulf to China – will be watching for in a proposed settlement.

Read more: Trump’s Iran Truce Has the Hallmarks of Defeat

Hosted by David Gura; Produced by Julia Press; Reported by Marc Champion; Edited by Julia Weaver and Jeffrey Grocott.

Fact-checking by Victor Swezey and Laura Newcombe; Engineering by Emma Munger.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

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For a growing number of older workers, retirement is no longer feeling so achievable—or appealing. But staying in the workforce or going back to work in your 60s and 70s comes with challenges, for workers and companies.

On today’s Big Take podcast, Bloomberg’s Stacey Vanek Smith talks to the World Economic Forum’s Haleh Nazeri about the factors driving the rise in so-called ‘unretirement.’ And we hear from David Lloyd, a radio presenter who’s trying to give other Boomers a later-in-life career boost.

Read more: When the Best Retirement Is No Retirement at All

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Hosted by Stacey Vanek Smith; Produced by Julia Press; Reported by Stacey Vanek Smith; Edited by Aaron Edwards.

Fact-checking by Victor Swezey; Engineering by Emma Munger.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

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After more than a decade as a private company, Chinese social media app Xiaohongshu, known internationally as RedNote, is testing China’s mood for all things tech with its plan to list in Hong Kong.

On today’s Big Take Asia podcast, host K. Oanh Ha speaks with Bloomberg Intelligence’s Robert Lea about why the time may be right for an IPO and what Xiaohongshu's debut says about the future of China’s tech industry.

Read more: Xiaohongshu Is Said to Ready Hong Kong IPO Filing This Month

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British Prime Minister Keir Starmer announced his resignation Monday after less than two years in office. Starmer is the sixth Prime Minister to resign in the decade since the Brexit vote, raising major questions about where the country’s fractured political system goes from here.

On today’s Big Take podcast, Bloomberg Executive Editor Edward Evans joins guest host Wendy Benjaminson from London to discuss the turmoil at 10 Downing Street. They explore what led to Starmer’s resignation, how soon the man poised to replace him, Labour Party frontrunner Andy Burnham, could call a general election and how the UK’s other political parties might take advantage of the power vacuum.

Read more: Burnham Poised for Power in UK After Starmer Steps Aside

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Hosted by Wendy Benjaminson; Produced by Julia Press; Reported by Edward Evans; Edited by Tracey Samuelson.

Fact-checking by Victor Swezey and Laura Newcombe; Engineering by Emma Munger.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

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Longtime former Chair of the Federal Reserve of the United States Alan Greenspan had died at 100. We're bringing you some of our coverage from Bloomberg's News Now, covering the latest global business stories around the world.

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