NYC Sues Delivery App Over Lost Pay in Mamdani Crackdown | Bloomberg Intelligence

New York City’s new administration is moving quickly to tighten oversight of app-based work, with the host and a guest discussing a lawsuit against Moto Click over alleged wage violations. The city says the food-delivery provider withheld pay, failed to pay the required minimum rate, and deducted canceled or refunded orders from workers’ checks, which the guest framed as a signal that Mayor Zohran Mamdani intends to use little-known laws to pressure gig-economy companies and protect low-paid workers.

The conversation then shifted to TSMC, where a guest said the chipmaker’s stronger-than-expected capital spending outlook and revenue growth forecast reflect continued AI-driven demand. He argued that supply constraints remain concentrated at the advanced-node level and that hyperscalers, chipmakers, and data-center builders are all racing to secure capacity, with the broader buildout likely to carry through at least 2026. He also said demand is spilling over to Intel and Samsung outside the data-center market, while memory scarcity is squeezing smaller hardware vendors more than companies such as Nvidia and Apple.

A separate segment focused on antitrust and M&A, where a guest said U.S. regulators are showing a more flexible posture than under the Biden administration and are increasingly willing to negotiate settlements. She said scrutiny is still likely in healthcare and other sensitive consumer sectors, while Europe remains a bigger obstacle for global deals because EU regulators can block transactions more easily than U.S. agencies. The final discussion centered on retail AI, where a guest said retailers are using AI mainly for productivity and customer service, but in-person shopping still matters for impulse purchases and discovery.