Episode summary
Bloomberg Businessweek Weekend: April 24th, 2026 | Bloomberg Businessweek
Bloomberg Businessweek Daily
· · 40 min · Hosts: Carol Massar, Tim Stenovec
Summary
Investors spent the week balancing a still-uncertain macro backdrop against company-specific catalysts, with Apple, Tesla, and psychedelic drug developers driving much of the conversation. The biggest corporate surprise was Apple’s decision to name hardware chief John Ternus as Tim Cook’s successor in September, a move the host and a guest framed as a long-planned insider transition that could keep Apple culturally intact while pushing the company harder into AI and new hardware categories.
Tesla’s earnings also showed the tension between near-term fundamentals and long-term ambition. The company’s stock initially rose on signs of stronger global vehicle sales, then gave back gains after Tesla said it would spend more than $25 billion this year on factory expansion, Optimus robots, AI initiatives, and autonomous development. The guest argued that this could support a longer-term re-rating if investors view Tesla as an AI and robotics platform rather than just an automaker.
The episode also covered a White House executive order intended to speed psychedelic drug review, which lifted Compass Pathways and peers. CEO Kabir Nath said the policy could accelerate access to COMP360 for treatment-resistant depression, while emphasizing that FDA approval, insurance coverage, and rigorous clinical evidence still matter. The final segment turned to Get Real Foods, where the founders discussed higher input costs, supply chain redundancy, and how consumer demand for simpler ingredients is reshaping product development.
Key takeaways
- The host said Apple’s transition to John Ternus could be a long-term positive because it keeps control inside a tightly knit leadership group.
- Mark Gurman argued Ternus could push Apple faster into AI-driven products, but short-term execution could be rough.
- Tesla’s $25 billion-plus capex plan signals a major bet on AI and robotics, even as it raises cash-burn and execution risks.
- Kabir Nath said Compass Pathways’ COMP360 showed meaningful symptom reduction in a quarter to 40% of patients and durability out to 6 months.
- Get Real Foods’ founders said higher fuel, tariff, and ingredient costs are pressuring margins, but consumers are still willing to pay for simpler food labels.
Notable quotes
“Apple surprised us with the news of Tim Cook's successor. And for those who track the Bloomberg news tape, you're going to recall just last month that Bloomberg's Mark Gurman gave us all a heads-up”
“John Ternus is going to take Apple to new product heights that Tim Cook is not able to take Apple to”
“Tesla said it anticipates billions of dollars in additional spending this year to support Elon's ambitions to transform the EV pioneer into an AI and robotics company”
“we are studying synthetic proprietary formulation psilocybin, COMP360, in treatment-resistant depression. That's depression that does not respond to at least two drugs”
“what we showed in one of the studies was that a quarter of all patients had a real meaningful reduction in their symptoms from just one administration”
How the episode opens
Bloomberg Audio Studios podcasts, radio, news. This is Bloomberg Business Week daily reporting from the magazine that helps global leaders stay ahead with insight on the people,
Companies, and trends shaping today's complex economy. Plus global business, finance, and tech news as it happens. The Bloomberg Business Week daily podcast with Carol Masser and Tim Stenovec on Bloomberg Radio.
Hi everyone. Welcome to the Bloomberg Business Week weekend podcast. This week against a macro backdrop that still fuels uncertainty among investors because of the war between the US and Iran and questions yet to be answered over the way forward, investors it felt like chose really to often focus on company fundamentals thanks to earnings and more.
That put two of the mag seven front and center when it came to the trade. Apple surprised us with the news of Tim Cook's successor. And for those who track the Bloomberg news tape, you're going to recall just last month that Bloomberg's Mark Gurman gave us all a heads-up on Tim Cook's likely heir apparent.
And guess what? Mark was spot-on, 100% right about who it would be. We're going to have more on that with Mark in just a moment.
Yeah, he had so much detail Mark in his reporting. Looking forward to that. Hey, another mag seven Tesla kicking off earnings from the group.
The stock initially spiked only to erase most of the gain on the call with the analysts as the company boosts its spending plan this year to $25 billion to transform into an AI and robotics company. We'll explain all about it. Also an action by President Trump sent psychedelic stocks flying high including the US traded shares of Compass Pathways.
That soared 53%. The CEO joins us on why.
And who doesn't love a cookie?
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- business news
- finance
- technology stories
- politics
- economics
Watch the episode
Watch “Bloomberg Businessweek Weekend: April 24th, 2026 | Bloomberg Businessweek” on YouTube
Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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