Bloomberg Talks

AMD CEO Lisa Su and World Labs co-founder and CEO Fei-Fei Li announced that the chipmaker will acquire World Labs for $8.2 billion. Speaking with Bloomberg’s Ed Ludlow in San Francisco on Monday, Su said, “The more you understand end to end, the better system you are going to build.” The all-stock transaction is expected to close by the end of the year, subject to regulatory approvals, the companies said Monday.
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Former Walt Disney CEO Bob Chapek says the firm needs a 'growth engine' while speaking with BTV's Carol Massar and Tim Stenovec during an interview on Bloomberg News' Businessweek Daily. Chapek also says that Disney employees have been discouraged from keeping in contact with him and that he hasn't heard from CEO Josh D'Amaro since 2022.
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White House National Economic Director Kevin Hassett suggests that, while the US economy is now on track for strong growth, “outside” factors could get in the way of the administration’s hopes for at least a 3% expansion rate while speaking with BTV's David Westin at the Economic Club of New York luncheon. Asked whether the deficit is on track for 3% by the end of Trump’s term, Hassett says, “it’s going to depend on you know basically whether there’s ‘force majeure’ measures that come in the way of that.”
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UK Defense Minister Wes Streeting says there will be more spending to come on defense at this year’s budget, in an interview with Bloomberg's Caroline Hepker on the sidelines of the Labour conference. He adds that the government understands that “if we’re out there making unfunded commitments, the markets price in risk and we face higher borrowing costs.” He also discusses Iran, the threat from Russia, the incident at RAF Fairford and whether the UK can defend the Falklands.
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As the United Nations searches for its next secretary general, one of the leading candidates tells Bloomberg News' Tim Stenovec and Carol Massar why she believes she is best suited for the position. Joining from the UN Rose Garden on Friday, the Permanent Representative of Guyana to the UN Carolyn Rodrigues Birkett says she believes the UN "is a force for good" and that while she's "not looking to display any ego," she would work hard to solve the issues the UN is facing as global conflicts continue intensifying around the world.
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