Votes & Verdicts

Mortgage rates remain above 6%, home prices are still high and many homeowners are locked into ultra-low rates from the pandemic era. In the second installment of Votes and Verdicts’ three-part housing affordability miniseries, Bloomberg Intelligence editor Michael Sasso speaks with Erica Adelberg, BI senior mortgage-backed securities analyst, and Phillip Millman, founder of Bell Boulevard Consulting and a former Federal Housing Finance Agency executive. They discuss why mortgage rates have been so slow to fall, whether Fannie Mae and Freddie Mac’s bond purchases can move the needle, the limits of portable mortgages and 50-year loans, and why the bigger affordability challenge may be America’s shortage of housing supply.See omnystudio.com/listener for privacy information.

The Trump administration is seeking to ban large institutional investors from buying single-family homes to improve housing affordability. Proposed Senate legislation, part of the 21st Century ROAD to Housing Act, would allow limited exceptions for large investors planning major renovations and others who operate build-to-rent communities. In both cases, investors would have to sell the homes within seven years. Will this bill become law? What could it mean for companies that own single-family rental homes? And would it actually improve housing affordability? These questions and more are discussed on the latest episode of Votes and Verdicts, featuring Jeff Langbaum, Bloomberg Intelligence senior REIT analyst, and David Howard, principal and founder of Real Estate & Housing Advisors. Michael Sasso, a Bloomberg Intelligence editor, hosts. This is the first installment of a three-part miniseries exploring housing affordability. Listen to this episode on Apple Podcasts and Spotify.See omnystudio.com/listener for privacy information.

A deadline for US President Donald Trump to seek congressional authorization for further military action in Iran, the first week of trial in Elon Musk's suit against OpenAI, and next steps for Live Nation after being found liable for antitrust violations lead this episode of Bloomberg Intelligence's Votes and Verdicts podcast, with analysis from Nathan Dean, Matt Schettenhelm, and Jen Rie. Schettenhelm also explores FCC threats to revoke Disney's broadcast licenses. Justin Teresi analyzes a Visa and Mastercard antitrust case over swipe fees. Andrew Silverman and Holly Froum explore tax and litigation implications of marijuana rescheduling, as well as Trump's Maritime Action Plan and NEC litigation against Abbott and Reckitt. Elliott Stein discusses DOJ's probe of the Fed’s Jerome Powell and prediction-markets litigation.See omnystudio.com/listener for privacy information.

What role will Congress play in the future of the Iran conflict? How will the outcome of the US midterm elections affect companies like Apple, Bank of America and Amazon.com? Will President Donald Trump spend the last years of his presidency focused on tariffs? These questions and more were discussed on our latest episode of Votes and Verdicts, where Veda Partners co-founder and director of economic research Henrietta Treyz joined us. Other topics included whether Sen. Thom Tillis will lift his hold on Kevin Warsh’s nomination for Federal Reserve chair and which candidates to watch ahead of the 2028 presidential election.See omnystudio.com/listener for privacy information.

With the US announcing a blockade on Iran and the opening of the Strait of Hormuz remaining in flux, energy prices will become an ever more important issue ahead of the US midterm elections in November. In this episode of Votes and Verdicts, Bloomberg Intelligence’s senior energy analyst Rob Barnett joins us to discuss Washington’s influence on energy, what President Donald Trump can and can’t do to lower gasoline prices and the impact of the Iranian conflict on the renewables sector. We also discussed how companies like Exxon Mobil, Chevron, Occidental Petroleum, Continental Resources and First Solar can navigate developments in Washington.  See omnystudio.com/listener for privacy information.

As a fragile ceasefire hangs in the balance and US–Iran tensions enter a critical new phase, the world and markets are watching to see what comes next. In this episode of Votes and Verdicts, Bloomberg Intelligence’s senior defense analyst and retired Army Colonel Wayne Sanders joins us to discuss the war’s next steps. We examine key issues that will be the subject of negotiations during the ceasefire, including the Strait of Hormuz and the unresolved nuclear issue. We also discuss geopolitical takeaways for China, Russia and NATO, and how companies like Lockheed Martin, RTX, Boeing, Northrop Grumman and L3Harris can benefit from potential US military funding.See omnystudio.com/listener for privacy information.

Prediction markets are rapidly moving from niche curiosity to the center of the financial conversation. Once seen as speculative side bets, they’re increasingly viewed as powerful tools for hedging risk and pricing real-world probabilities — from elections and economic data to public policy decisions. And yet, despite the buzz, 88% of US-based activity still sits squarely in sports markets. So what happens next? Listen to this replay of Bloomberg Intelligence’s webinar from March 17 for a dynamic discussion on the future of this fast-evolving market and why major financial players including ICE, Robinhood, Coinbase and CME are stepping into the arena.See omnystudio.com/listener for privacy information.

Can the FCC take away broadcast licenses because the Trump administration doesn’t like how TV stations cover the Iran war? Does the First Amendment have anything to say about it? In this episode of the Votes and Verdicts podcast, Bloomberg Intelligence TMT litigation and policy analyst Matt Schettenhelm sits down with Brent Skorup of the Cato Institute. They discuss President Donald Trump and FCC Chairman Brendan Carr’s recent threats to revoke broadcast licenses based on coverage of the Iran war. They consider the applicable FCC rules, how the First Amendment applies differently to broadcasters and the likelihood that the Supreme Court will take up these questions.  See omnystudio.com/listener for privacy information.

US regulatory proposals on March 19 to lower capital requirements for JPMorgan, Bank of America and other banks lead this episode of Bloomberg Intelligence’s Votes and Verdicts podcast, with analysis from Nathan Dean. Matt Schettenhelm discusses Anthropic’s bid to halt the US designation of it as a supply-chain risk and FCC Chair Brendan Carr’s threats to revoke TV licenses for broadcasters, including Disney’s ABC. Holly Froum analyzes a 60-day waiver of the Jones Act and a Supreme Court case concerning liability of transportation brokers including CH Robinson. Justin Teresi explores President Donald Trump’s push to let Sable Offshore restart an offshore oil project in California and a Senate bill to break up the meatpacking industry. Elliott Stein discusses the DOJ’s probe of Federal Reserve Chair Jerome Powell and litigation between states and prediction markets.See omnystudio.com/listener for privacy information.

Antitrust law has come into sharper focus over the past year, with several high-profile cases, including in Big Tech. Bilal Sayyed, former Director of the FTC’s Office of Policy Planning and current competition counsel at TechFreedom, as well as counsel at the law firm Cadwalader, Wickersham and Taft, joins Bloomberg Intelligence litigation analysts Jennifer Rie and Justin Teresi on this Votes and Verdicts episode to talk about the state of US antitrust enforcement one year into the Trump administration. They discuss whether antitrust enforcement has become politicized (or more politicized), the departure of Gail Slater from the DOJ, the firing of the two Democratic FTC commissioners and various policy initiatives of the FTC’s Bureau of Competition and the DOJ’s Antitrust Division.See omnystudio.com/listener for privacy information.

Companies facing multibillion-dollar exposure from mass tort personal-injury litigation have faced massive jury verdicts in 2026, and the trend shows no sign of slowing. In this Votes and Verdicts episode, BI litigation analysts Holly Froum and Matthew Schettenhelm are joined by mass tort expert Joseph Fantini to discuss some of the major hurdles facing companies, including weedkiller cancer claims against Bayer’s Monsanto, NEC litigation against Abbott and Reckitt’s Mead Johnson unit, talc litigation against Johnson & Johnson, social-media addiction lawsuits against Meta, Google and others, and more. They discuss potential catalysts on the horizon, the strength of cases and the likelihood of any global settlements.See omnystudio.com/listener for privacy information.

The Supreme Court’s Feb. 20 ruling striking down President Trump’s reciprocal and fentanyl-trafficking tariffs has created uncertainties about next steps. In this Votes and Verdicts Podcast, Ted Murphy, partner at Sidley Austin and co-leader of the law firm’s global arbitration, trade and advocacy practice, joins Bloomberg Intelligence litigation analyst Holly Froum to talk about the Supreme Court’s ruling, next steps, the right to refunds, additional tariffs that could be on the horizon, the legality of Sec. 122 tariffs imposed on Feb. 24 and other statutory authorities the administration may use. They also discuss the impact of the SCOTUS ruling on a lawsuit challenging elimination of the de minimis exemption.See omnystudio.com/listener for privacy information.

Joyce Adetutu, partner and trade attorney at Vinson & Elkins, and Holly Froum, Bloomberg Intelligence litigation analyst, discuss President Donald Trump’s reciprocal and fentanyl-trafficking tariffs on this episode of the Votes and Verdicts podcast. They discuss the lawsuit challenging the tariffs pending before the US Supreme Court and how the court might rule. They also explore refund procedures courts could put in place if the tariffs are struck down, how courts may limit refunds and what parties should do to protect their rights.See omnystudio.com/listener for privacy information.

The Feb. 12 exit of US Department of Justice antitrust chief Gail Slater and its implications for litigation against Live Nation by the agency and 40 states led Bloomberg Intelligence’s Votes and Verdicts podcast this week, with analysis from Jen Rie. Nathan Dean examined expected Commodity Futures Trading Commission moves to clarify regulation of prediction markets such as Kalshi and Polymarket, while Elliott Stein reviewed lawsuits over event contracts offered by those firms, as well as Coinbase and Robinhood. Nathan also discussed a potential Department of Homeland Security shutdown, and Matt Schettenhelm assessed possible changes to Federal Communications Commissionownership caps and implications for the Nexstar-Tegna deal.See omnystudio.com/listener for privacy information.

What are the challenges and opportunities for a firm like Coinbase operating in today’s regulatory environment? Why is a Congressional crypto market structure bill needed? What’s Coinbase’s relationship with banks like, and is the fight over stablecoin rewards an anomaly in an otherwise collaborative relationship? Why should sports-event contracts be treated as derivatives overseen by the CFTC rather than gambling supervised by states? What type of rulemaking should the CFTC promulgate for prediction markets? Coinbase Chief Legal Officer Paul Grewal discussed these topics and more when he joined BI’s Elliott Stein and Nathan Dean on the most recent episode of Votes and Verdicts.See omnystudio.com/listener for privacy information.

Sidley Austin’s co-leader of global arbitration, trade and advocacy practice Ted Murphy joins Bloomberg Intelligence litigation analyst Holly Froum to talk about President Donald Trump’s reciprocal and fentanyl-trafficking tariffs. They discuss the lawsuit challenging the tariffs pending before the US Supreme Court, how the court may rule, potential timing, the likelihood of refunds and what importers should do to protect their rights.See omnystudio.com/listener for privacy information.

Director of the New York Offshore Wind Alliance Alicia Artessa joins Bloomberg Intelligence analyst Justin Teresi on this episode of the Votes and Verdicts podcast to discuss a host of recent litigation and policy challenges facing the US offshore wind sector. With the US Department of the Interior issuing stop-work orders affecting five projects already well into construction by companies such as Orsted, Equinor, Dominion Energy and Iberdrola’s Avangrid, the conversation examines litigation aimed at nixing the bans, as well as background action by the Trump administration preceding the moves. Artessa also discusses broader litigation challenging what some view as further federal roadblocks to the approval of new wind and solar energy projects in the US — and state governments’ efforts to streamline their own approvals processes. She also offers her take on what the future may hold for the expansion of offshore wind and its place in meeting ever-increasing US energy demands.See omnystudio.com/listener for privacy information.

The Supreme Court’s decision to review FCC penalties against Verizon, AT&T and T-Mobile led Bloomberg Intelligence’s Votes and Verdicts podcast this week, with analysis from Matt Schettenhelm. Nathan Dean also discussed President Trump’s proposal to cap credit card interest rates at 10% and the implications for issuers such as Capital One, as well as why crypto legislation has stalled and what that means for companies like Coinbase. The episode also covered the Justice Department’s subpoenas to the Federal Reserve related to Chairman Jerome Powell’s June testimony to Congress on renovations of the Fed’s headquarters.See omnystudio.com/listener for privacy information.

New Jersey Attorney General Matthew Platkin joins Bloomberg Intelligence on the Votes and Verdicts podcast for a discussion of state regulatory and enforcement efforts amid the Trump administration’s deregulatory agenda. The conversation includes Platkin’s views on the importance of state laws on artificial intelligence and why federal preemption is unlikely, as well as his office’s enforcement actions against tech giants like Apple, TikTok and Discord. Platkin also discusses his office’s efforts to oversee financial services companies as the Trump administration seeks to gut the Consumer Financial Protection Bureau. The attorney general also explains his state’s concerns with prediction markets and event contracts offered by companies like Kalshi and Robinhood. The episode ends with the attorney general offering views on the best music venue in New Jersey.See omnystudio.com/listener for privacy information.

Supreme Court rulings on US President Donald Trump’s tariffs, Federal Reserve Governor Lisa Cook’s firing, FCC penalties against Verizon, AT&T and T-Mobile, and on the legality of prediction markets like Kalshi and Robinhood are among the key 2026 catalysts that Bloomberg Intelligence’s litigation and policy analysts are watching in 2026. In this episode, the team also discusses other matters: crypto legislation to bring clarity for companies like Coinbase; deregulation to ease capital rules for banks like JPMorgan and Bank of America; relaxed TV ownership caps for companies like Nexstar and Sinclair; and suits challenging H-1B changes. We also discuss numerous antitrust issues, including Netflix’s bid for Warner Bros. Discovery, and FTC cases against Meta, Zillow, and pharmacy-benefit managers like UnitedHealth’s Optum and CVS Caremark.  See omnystudio.com/listener for privacy information.

Analysis by Jen Rie of antitrust risk related to Netflix and Paramount Skydance bids for Warner Bros. Discovery led Bloomberg Intelligence’s Votes and Verdicts podcast this week. Justin Teresi analyzed Supreme Court arguments over US President Donald Trump’s ability to fire FTC commissioners and what it means for cases against pharmacy benefit managers and others, while Elliott Stein discussed the implications for the Federal Reserve Board. Matt Schettenhelm explored if the president’s anticipated artificial intelligence executive order can block state AI regulations. Nathan Dean discussed Trump’s proposed $12 billion farm-aid package and what it means for companies like Corteva and Nutrien. And Holly Froum discussed anticipated timing for the Supreme Court’s tariffs opinion and the outlook for lawsuits concerning tariff refunds.See omnystudio.com/listener for privacy information.

Analysis of antitrust risk attendant to bids for Warner Bros. Discovery by Comcast, Netflix and Paramount Skydance was among the topics discussed on Bloomberg Intelligence’s Votes and Verdicts podcast this week. Jen Rie explored that issue, while Justin Teresi analyzed Real Page’s settlement with the Justice Department over alleged collusion in the real estate rental market as well as Compass’ antitrust suit against Zillow for allegedly steering consumers to real estate agents who pay for placement. Matt Schettenhelm addressed the potential for owners of US TV stations, like Nexstar, to consolidate if the FCC eases existing ownership rules. Nathan Dean discussed deregulation for regional banks like US Bancorp and PNC. Holly Froum analyzed Bayer’s petition for Supreme Court review in Roundup weedkiller litigation.See omnystudio.com/listener for privacy information.

Key takeaways from Meta’s trial-court win over the FTC’s antitrust suit leads Bloomberg Intelligence’s Votes and Verdicts podcast this week. Jen Rie discusses that case, while BI litigation and policy analysts examine other critical issues, including potential preemption of state laws concerning artificial intelligence and President Donald Trump’s anticipated executive order on the subject. Nathan Dean discusses potential effects on companies like Apple, Skechers and Steve Madden of proposed bipartisan legislation to impose tariffs on countries that buy Russian oil. Elliott Stein analyzes the strength of the Justice Department’s investigation of JPMorgan and its ties to Jeffrey Epstein, and Holly Froum provides an update on an appeals court hearing that might revive claims alleging Tylenol causes autism and ADHD.See omnystudio.com/listener for privacy information.

Key takeaways from the end of the US government shutdown led this week’s episode of Bloomberg Intelligence’s Votes and Verdicts podcast. Nathan Dean and Duane Wright discussed the terms of the agreement and what they mean for the future of Affordable Care Act subsidies and companies like Centene and UnitedHealth. BI’s litigation and policy analysts also discussed other key developments, including the Consumer Financial Protection Bureau’s Nov. 11 notice that it can’t draw funds from the Federal Reserve while the central bank operates at a loss. Justin Teresi reviewed a Nov. 10 proposed class settlement between Visa, Mastercard and merchants involving about $38 billion in interchange-fee concessions and related policy changes.See omnystudio.com/listener for privacy information.

Key takeaways from Supreme Court arguments on Nov. 5 over the legality of the Trump administration's reciprocal and fentanyl-linked tariffs led Bloomberg Intelligence's Votes and Verdicts podcast this week. Holly Froum examined that while BI litigation and policy analysts discuss other important catalysts. Holly and Jen Rie analyzed litigation concerning a bidding war between Pfizer and Novo Nordisk for Metsera, a clinical-stage biotech company that makes anti-obesity drugs. Holly and Jen also discussed legal issues pertaining to Kimberly-Clark's $48 billion acquisition of Kenvue. Nathan Dean offered his views on paths being discussed to end the government shutdown.See omnystudio.com/listener for privacy information.

Key takeaways from President Donald Trump’s trip to Asia and the trade agreements reached lead Bloomberg Intelligence’s Votes and Verdicts podcast this week. Jennie Welch, chief geoeconomics analyst for Bloomberg Economics, examines that, while BI litigation and policy analysts discuss other important catalysts. Nathan Dean discusses possible paths to ending the government shutdown, as well as changes to the Federal Reserve’s stress-test process for big banks. Holly Froum discusses litigation challenging SNAP-funding shortfalls, and Texas’ lawsuit against Kenvue and Johnson & Johnson over alleged deceptive marketing regarding Tylenol. Matt Schettenhelm analyzes litigation challenging President Trump’s bid to increase H-1B visa fees. And Jen Rie explains recent developments in antitrust cases against Apple concerning its App Store.See omnystudio.com/listener for privacy information.

An update on the US government shutdown leads Bloomberg Intelligence’s Votes and Verdicts podcast this week. Nathan Dean examines that topic and the SEC’s effort to revitalize the IPO market, while BI litigation and policy analysts discuss other key catalysts. Matt Schettenhelm explores developments over the easing of FCC rules for TV broadcasters, as well as President Donald Trump’s amended defamation suit against the New York Times. Justin Teresi discusses the FTC case against pharmacy benefit managers like UnitedHealth’s Optum, CVS Health’s Caremark and Cigna’s Express Scripts over unfair drug-rebate practices. Holly Froum analyzes a lawsuit by victims of the Palisades Fire against the Los Angeles Department of Water and Power. Elliott Stein explores an Oct. 17 verdict in favor of three Sudanese refugees against BNP Paribas.See omnystudio.com/listener for privacy information.

Potential off-ramps to end the US government shutdown leads Bloomberg Intelligence analysts’ discussion on this episode of the Votes and Verdicts podcast. Nathan Dean examines that topic and the status of crypto legislation, while BI litigation and policy analysts discuss other key catalysts. Ben Elliott explores the ramifications of FHFA Director Bill Pulte’s social media posts about Fannie Mae and Freddie Mac risks. And Holly Froum analyzes a Delaware Supreme Court hearing involving Elon Musk’s Tesla pay package as well as the outlook for a US Supreme Court case concerning Bayer and its Monsanto unit’s Roundup weedkiller.See omnystudio.com/listener for privacy information.

Regulatory changes may ease the need for big banks in the US, Switzerland and Australia to hold AT1 or preferreds even as common equity requirements diverge across these regions. Japanese lenders may diversify their debt footprint with more issuance in US dollars. Join Bloomberg Intelligence’s global banks credit team for a webinar on the key topics that may impact bank capital structures around the world.See omnystudio.com/listener for privacy information.

In this week’s Votes and Verdicts podcast, Bloomberg Intelligence’s litigation and policy team examines several key catalysts. Justin Teresi examines how a new antitrust case against Zillow and Rocket’s Redfin challenging a 1Q deal between the two likely has steam and might spell significant changes or an end to the arrangement. Matthew Schettenhelm looks at President Donald Trump’s executive order on TikTok and the ramifications it may have for any potential legal challenges. Holly Froum explains how furniture tariffs may work following a Trump social media post and Nathan Dean outlines how a US government shutdown may end in the next week.See omnystudio.com/listener for privacy information.

In this week’s Votes and Verdicts podcast, Bloomberg Intelligence’s litigation and policy team examines several key catalysts. Matt Schettenhelm reviews the legality of President Donald Trump’s proclamation on raising H-1B visa fees to $100,000. Tamlin Bason explains the impact of the H-1B visa fee increase on IT-service companies like Cognizant and Infosys, and why a recent $1.5 billion settlement between Anthropic and authors matters. Nathan Dean updates his outlook on the likelihood of a US government shutdown this month, while Holly Froum discusses how Trump’s comments linking Tylenol to autism will affect class-action litigation against Kenvue.See omnystudio.com/listener for privacy information.

In this week’s Votes and Verdicts podcast, Bloomberg Intelligence’s litigation and policy team looks at a number of key catalysts. Elliott Stein discusses Federal Reserve Governor Lisa Cook’s lawsuit challenging her termination. Nathan Dean discusses the ramifications of moving to semiannual earnings reports, and offers his views on the likelihood of a government shutdown this month. Matt Schettenhelm discusses the suspension of the Jimmy Kimmel Show and what it means for Disney, Nexstar and Sinclair. He also gives an outlook on President Donald Trump’s defamation suit against the New York Times and on a potential TikTok deal. Jen Rie explains the FTC’s lawsuit against LiveNation, and analyzes the latest in Epic Games v. Google. Justin Teresi previews the remedies phase of DOJ’s antitrust case against Google’s ad-tech stack.See omnystudio.com/listener for privacy information.

An evolving US trade policy is pushing companies to find ways to navigate a shifting landscape. Reid Whitten, partner at Sheppard Mullin and expert in international trade regulations and investigations, joins Bloomberg Intelligence litigation analyst Holly Froum to talk about President Donald Trump’s reciprocal and fentanyl tariffs, the US Supreme Court’s upcoming review of lawsuits challenging the tariffs, regulatory and enforcement action risks faced by companies, as well as how quickly Trump may recreate the tariffs if the Supreme Court finds them unlawful. See omnystudio.com/listener for privacy information.

In this week’s Votes and Verdicts podcast, Bloomberg Intelligence’s litigation and policy team looks at a handful of key catalysts coming up. Jen Rie discusses a recent remedies ruling and next steps in the Justice Department’s antitrust case against Google over search. Holly Froum explains the Federal Circuit’s Aug. 29 ruling striking down President Donald Trump’s reciprocal and fentanyl-related tariffs, and looks ahead at how the Supreme Court might rule, with implications for companies like Nike, Apple, Amazon and Ford. Elliott Stein offers insights on Federal Reserve Governor Lisa Cook’s lawsuit challenging her termination, and Nathan Dean discusses the looming possibility of a government shutdown this month.See omnystudio.com/listener for privacy information.

In this week’s Votes and Verdicts podcast, Bloomberg Intelligence litigation and policy team looks at some of the key catalysts coming up after Labor Day. Nathan Dean discusses the path to de-regulation in the financials sector, the possibility of a government shutdown in September, and the future of SNAP benefits in the Farm Bill. Elliott Stein discusses Federal Reserve governor Lisa Cook’s lawsuit challenging her termination, litigation concerning sports-event contracts offered by Kalshi and Robinhood, and a class action trial against BNP Paribas concerning genocide in Sudan. Matt Schettenhelm analyzes the future of the TikTok ban, and he and Jen Rie discuss FCC and DOJ review of Nexstar’s proposed purchase of Tegna. We close with Jen’s discussion of the weakness of Elon Musk’s lawsuit against Apple and OpenAI.See omnystudio.com/listener for privacy information.

The SEC’s new regime under Paul Atkins is taking a friendlier approach to crypto, epitomized by Project Crypto, its blueprint for merging traditional and digital finance. In this week’s Votes and Verdicts podcast, Bloomberg Intelligence analysts Elliott Stein and Nathan Dean are joined by BI’s Head of Market Structure Research, Larry Tabb, to discuss the opportunities and challenges. Tabb gives a detailed explanation of the project, with the discussion covering the potential ramifications for trading, settlement, custody and liquidity, as well as how it fits within the SEC’s broader agenda. The status and timing of Congress’s CLARITY Act was also discussed.See omnystudio.com/listener for privacy information.

In this week’s Votes and Verdicts podcast, Bloomberg Intelligence analyst Ben Elliott discusses President Donald Trump’s social media posts concerning Fannie Mae and Freddie Mac and the complexities of executing a public offering of their shares or merging the two government-sponsored enterprises. Nathan Dean analyzed the potential impacts of Trump’s Aug. 7 executive order directing federal agencies to expand access to alternative investments in employer-sponsored contribution plans such as 401(k)s. Elliott Stein discussed Trump’s “debanking” executive order and his social media post threatening to sue Fed Chair Jerome Powell. Justin Teresi gave an overview of litigation concerning AI algorithmic pricing that could affect health insurers, hotels and REITs.See omnystudio.com/listener for privacy information.

President Donald Trump’s second term is bringing heightened focus on the regulatory environment and prospects for mergers. In the week’s Votes and Verdicts podcast, Bloomberg Intelligence analysts Jennifer Rie and Justin Teresi discuss catalysts related to the emerging antitrust approaches under Trump, including M&A trends at the DOJ stemming from the settlement of a merger case on Hewlett Packard Enterprise and Juniper Networks, and the latest on the FTC’s case against pharmacy benefit managers owned by UnitedHealth, Cigna and CVS. Holly Froum provides an update on this week’s tariff developments, with court challenges around the legality of reciprocal and fentanyl-related tariffs, and how rulings could affect new tariff mandates. Matthew Schettenhelm highlights activity at the FCC tied to the national television-ownership cap and comments by Newsmax opposed to deregulation.  See omnystudio.com/listener for privacy information.

A July 31 federal appeals court hearing on the legality of President Donald Trump’s so-called reciprocal and fentanyl-trafficking tariffs was among the key catalysts Bloomberg Intelligence analysts examined this week. BI’s litigation and policy team also discussed the likelihood of a government shutdown in September. Additionally, they covered the outlook for antitrust clearance of Dick’s Sporting Goods merger with Foot Locker, as well as the remedies they expect in the Justice Department’s antitrust case against Google over search. Finally, they discussed the antitrust implications of Trump’s AI Action Plan.See omnystudio.com/listener for privacy information.

What does ‘tokenization’ of securities mean for the markets? How will artificial intelligence shape the future of investing and what is the future of cryptocurrency policy with Congress passing the GENIUS Act? What’s the future of the market’s relationship with the SEC under the Trump administration? Robinhood’s Chief Legal Officer Dan Gallagher discussed these topics and more when he joined BI’s Elliott Stein and Nathan Dean on the most recent episode of Votes and Verdicts.See omnystudio.com/listener for privacy information.

Professor John Yoo joins Bloomberg Intelligence litigation analyst Holly Froum on this episode of the Votes and Verdicts podcast to discuss May rulings by the US Court of International Trade and Washington, DC district court striking down so-called “fentanyl trafficking” and reciprocal tariffs. Professor Yoo, who served as law clerk for Supreme Court Justice Clarence Thomas and is a senior research fellow at the Civitas Institute, the Emanuel S. Heller Professor of Law at University of California, Berkeley, a distinguished visiting professor at the School of Civic Leadership at University of Texas at Austin and Nonresident Senior Fellow at the American Enterprise Institute, discusses the rulings, what he thinks the lower courts got wrong, arguments on appeal and why reciprocal tariffs could be vulnerable on appeal.See omnystudio.com/listener for privacy information.

Deregulation for the largest US banks, including Bank of America, Citigroup, Goldman Sachs and JPMorgan, are among the key 2H catalysts that BI litigation and policy analysts are watching. In this litigation and policy midyear outlook episode, the team also discusses key crypto legislation and why tech companies like Alphabet, Amazon.com, Apple and Meta will continue to face heightened antitrust enforcement. Other catalysts include an anticipated Supreme Court ruling likely holding US reciprocal tariffs unlawful. AI copyright cases may start going against LLMs. Nexstar and other US broadcasters could win a major victory, with the FCC expected to ease or eliminate media caps. BNP Paribas likely settles a Sudan genocide class-action and Swedbank likely incurs money-laundering penalties.See omnystudio.com/listener for privacy information.

The One Big Beautiful Bill is the key policy catalyst Bloomberg Intelligence analysts are watching this week. The bill likely hands wins to Apple, Disney, Alphabet and Boeing by locking in an offshore safe harbor and restoring foreign tax credits while shielding foreign entities from IRS scrutiny. REITs are also a big winner. First Solar, Nextracker, Array, Shoals and US solar peers are in line for a boost to domestic demand over the coming year as developers rush to break ground and qualify for tax credits. Medicaid cuts and an end to ACA subsidies will be a headwind for some insurers, provider-tax changes might not become a reality and orphan drugs likely benefit from IRA changes. State AI regulations survive for now but Congress shows it wants a light touch. Congress is restoring FCC power to hold auctions of wireless licenses.See omnystudio.com/listener for privacy information.

Key court rulings on June 23 and 25 in cases against Anthropic and Meta over the use of copyrighted material in large language models are among the catalysts Bloomberg Intelligence litigation and policy analysts are watching this week. The decisions are also relevant for Google, Microsoft, the New York Times, OpenAI and others. The team also discussed the outlook for antitrust enforcement of M&A under US President Donald Trump, with ramifications for several pending deals, such as Dick’s Sporting Goods-Foot Locker, Charter-Cox and Google-Wiz. CVS and Cigna Express Scripts are challenging an Arkansas law that would ban operators of pharmacy benefit managers from holding pharmacy licenses. Finally, we discussed the outlook for FCC deregulation, including removal of broadcast caps, with implications for Nexstar, Sinclair and Tegna.See omnystudio.com/listener for privacy information.

Swings in US tariff policies have convulsed markets and kept trading partners on edge, and court rulings might only be adding to the uncertainty. Stanford law professor Alan Sykes joins Bloomberg Intelligence litigation analyst Holly Froum to discuss May 28-29 rulings by the US Court of International Trade and Federal District Court of Washington DC striking down tariffs imposed on China, Canada and Mexico, and reciprocal tariffs. Professor Sykes examines the rulings, next steps, whether a continuation of a stay granted by the appellate courts presages reversal, what could happen on appeal and more in this Votes & Verdicts podcast.See omnystudio.com/listener for privacy information.

An update on the GENIUS Act stablecoin bill making its way through Congress — which is important to companies like Coinbase, Robinhood and Circle — was among the key catalysts Bloomberg Intelligence litigation and policy analysts are watching this week. The team also discussed potential bills to increase credit-card competition and cap credit-card fees, which could affect Visa, Mastercard, American Express and Discover. We also discussed pending motions to dismiss in a pair of antitrust cases - one by Texas and other red states against BlackRock, Vanguard and State Street alleging collusion to reduce coal output, and the other a Justice Department monopolization case against Visa over debit transactions. Finally, we discussed the status and outlook of lawsuits challenging US “Liberation Day” and fentanyl-related tariffs.See omnystudio.com/listener for privacy information.

The June 3 lifting of Wells Fargo’s asset cap imposed by the Federal Reserve in 2018 was among the key catalysts Bloomberg Intelligence analysts examined this week. BI’s litigation and policy team also discussed Michelle Bowman’s confirmation as Fed vice chair of supervision and what it means for deregulatory efforts for banks like JPMorgan and others. We also discussed closing arguments in the Justice Department’s antitrust case against Google over search, and the possible remedies the company might face, as well as the TikTok ban and what might happen as President Donald Trump’s order putting the ban on hold expires June 19. Last, we discussed FCC Commissioner Nathan Simington’s resignation and what it means for deregulatory efforts that might affect broadcasters like Nexstar, Sinclair, Tegna and Fox.See omnystudio.com/listener for privacy information.

Court rulings on May 28 and 29 deeming unlawful US tariffs on China, Canada and Mexico and reciprocal tariffs — with ramifications for retailers like Nike, automakers such as Ford, tech companies including Apple, and other sectors — are among the key catalysts Bloomberg Intelligence litigation and policy analysts are watching this week. The team also discussed President Donald Trump’s social-media posts about Fannie Mae and Freddie Mac and the complexities of exiting conservatorship and government ownership. Finally, they examined the FTC dropping its price discrimination case against PepsiCo.See omnystudio.com/listener for privacy information.

The passage of the Republicans’ tax-cut bill in the House and what happens next — with ramifications for multinational corporations, clean-energy companies like First Solar, and wireless carriers such as AT&T, T-Mobile and Verizon — are among the key catalysts Bloomberg Intelligence litigation and policy analysts are watching this week. The team also discussed stablecoin legislation advancing in the Senate and plans to attach credit card bills to it, with implications for card networks including Visa, Mastercard, American Express, and Capital One/Discover. We also discussed the hurdles to Fannie Mae and Freddie Mac exiting conservatorship and government ownership. Finally, we discussed the several lawsuits challenging US tariffs.See omnystudio.com/listener for privacy information.

Antitrust law has been unusually busy in recent years, with several high-profile cases, including in Big Tech. Steve Berman, Co-Founder and Managing Partner of plaintiff-side firm Hagens Berman Sobol and Shapiro LLP, joins Bloomberg Intelligence analyst Justin Teresi for a discussion of antitrust developments and trends, as seen from the plaintiffs’ bar. Topics include Berman’s recent litigation around the growth of artificial intelligence-based pricing algorithms in setting hotel rates, as well as work on alleged collusion in agriculture. Berman and Teresi also discuss how plaintiffs’ firms — and private aggregate litigation, like class actions — are working alongside government enforcement efforts.See omnystudio.com/listener for privacy information.