BI Weekend: Dollar Tree Dumps Family Dollar, Google's New AI Push

Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF. Hosts: Paul Sweeney and Alix Steel On this podcast: Jennifer Bartashus, Bloomberg Intelligence Senior Analyst, Retail Staples & Packaged Food discusses Dollar Tree’s offloading of its Family Dollar chain for about $1 billion to Brigade Capital Management and Macellum Capital Management a decade after buying the business. The deal, which is expected to close next quarter, marks a disappointing end to Dollar Tree’s bid to establish itself as a discount giant, with a price tag that’s a steep discount to the nearly $9 billion it paid for Family Dollar. Dollar Tree’s store count will roughly halve following the transaction. Ava Benny-Morrison, Bloomberg News Legal Reporter on her Big Take story on President Donald Trump’s pick to run the Southern District of New York, Jay Clayton, as President Donald Trump vows to use the Justice Department to go after his perceived enemies and upend norms, the 58-year-old Clayton is preparing to take over an institution that has fiercely guarded its independence from Washington. Sam Fazeli, Bloomberg Intelligence, Director of Research for Global Industries and Senior Pharmaceuticals joins to discuss Novo Nordisk agreeing to pay United Laboratories International as much as $2 billion for a next-generation obesity drug, the Danish Ozempic maker’s latest move to refill its pipeline of experimental treatments. Diana Rosero Pena, Bloomberg Intelligence Consumer Staples Analyst on the pet food sector, including Chewy’s earnings. Davey Alba, Bloomberg Technology Reporter, on Big Take story on how Google is looking to reshape search using AI and its race to compete against established AI rivals like ChatGPT. Andrew Silvernail, International Paper CEO to learn more about the business, his outlook and the potential impact of tariffs. Ryan Fisher, Bloomberg BNEF EV Charging Team Leader on BYD’s new fast charging technology and how EV-competitors are responding Bloomberg Intelligence, the research arm of Bloomberg L.P., has more than 400 professionals who provide in-depth analysis on more than 2,000 companies and 135 industries while considering strategic, equity and credit perspectives. BI also provides interactive data from over 500 independent contributors. It is available exclusively for Bloomberg Terminal subscribers. See omnystudio.com/listener for privacy information.