Bloomberg News and Videos — Page 32

Tyson Foods is cutting beef-processing capacity as the US cattle herd nears a five-decade low driving up livestock costs and contributing to persistent losses in beef business. Bloomberg News Agriculture Reporter Ilena Peng is on Bloomberg This Weekend and explains to hosts Joe Mathieu and Carol Massar that consumers are also pushing back against record prices, but meaningful relief may take years as the herd rebuilds, while a planned resumption of some cattle imports from Mexico could provide limited near-term help.

Joining Bloomberg This Weekend, Former Wisconsin Democratic Party Chair Ben Wikler tells hosts Joe Mathieu and Carol Massar that David Crowley's narrow gubernatorial primary victory and unusually strong Democratic turnout show voters are focused on affordability and eager for political change ahead of November. Crowley now faces Republican Rep. Tom Tiffany in one of the country's most closely watched governor's races, while Democrats test whether elevated primary participation can translate into broader midterm gains. Wisconsin Democrats cast nearly 800,000 primary ballots, their highest midterm-primary total in more than two decades.

California Attorney General Rob Bonta joins Bloomberg This Weekend and calls the landmark youth safety case against Meta a "tobacco moment," alleging the company knowingly designed Facebook and Instagram features that harmed children and put profit ahead of their safety. Bonta tells hosts Joe Mathieu and Carol Massar the states are seeking financial penalties as well as changes to Meta's products, while the company denies the allegations and says it has worked to make its platforms safer for young people.

Cuba's economy is under severe pressure from tightening US sanctions, shrinking tourism and the loss of past economic lifelines from the Soviet Union and Venezuela. Cuban lawmakers have passed 176 free-market reforms aimed at expanding foreign and private investment, decentralizing the economy and liberalizing sectors including tourism, banking, property and agriculture. But economists and Cuban-American investors say Havana faces a credibility problem: the government has promised reform before, and it remains unclear whether it will truly reduce state control or simply buy time. Tourism could be an early opportunity if sanctions ease, but investors say Cuba will need legal, political and institutional change before capital returns at scale.

Pet owners are increasingly extending the longevity treatments humans pursue for themselves to their dogs, experimenting with supplements, red light therapy and drugs including rapamycin even as veterinarians urge caution about unproven treatments. Bloomberg News National Heath Care Reporter Anna Edney is on Bloomberg This Weekend and explains to hosts Joe Mathieu and Carol Massar that US pet spending is projected to reach $165 billion in 2026.

Bloomberg Businessweek Senior Reporter Amanda Mull says consumers are showing signs of fatigue with the polished faces, homes and lifestyles popularized by influencers, filters and increasingly AI-generated imagery. Mull tells Joe Mathieu and Carol Massar on Bloomberg This Weekend that the shift doesn't necessarily spell the end of Botox or other cosmetic treatments, but it may favor a more natural aesthetic as people seek individuality, physical media and experiences that feel less optimized for social media.

Marathon wine, wedding party size, suit sales rise and Gen Z's different wealth plan: Bloomberg News' Lisa Mateo joins Joe Mathieu and Carol Massar on Bloomberg This Weekend to share headlines you may have missed from over the week.

Florida's 19th Congressional District has drawn a crowded Republican field seeking to replace Byron Donalds, who is running for governor, with former Trump administration official Catalina Lauf gaining a potentially significant boost from the president's endorsement. Bloomberg News Government Senior Reporter Greg Giroux is on Bloomberg This Weekend to explain that the race comes as affordability, insurance costs and concerns about data centers emerge as campaign issues across Florida ahead of Tuesday's primary.

Meta faces a landmark federal trial brought by 29 states over allegations that Facebook and Instagram were deliberately designed to addict young users and that the company improperly collected children's data. Bloomberg News Tech Reporter Alexandra Levine joins Joe Mathieu and Carol Massar on Bloomberg This Weekend to explain that the case could expose Meta to substantial penalties and potentially more consequential court-ordered changes to how its platforms operate.

Bloomberg News Middle East Reporter Dan Williams is on Bloomberg This Weekend discussing how the expiration of the US-Iran memorandum of understanding is unlikely by itself to trigger a return to all-out fighting, with diplomatic efforts over the Strait of Hormuz continuing despite repeated attacks on commercial vessels. Williams explains to hosts Joe Mathieu and Carol Massar that the Trump administration is increasingly emphasizing economic pressure on Tehran as hopes for a broader settlement remain elusive and Israel assesses whether sanctions could force Iran toward concessions.