Amazon’s $38 Billion OpenAI Deal — And Why We Were Already Bullish on the Stock

Prof G Markets

Prof G Media & Vox Media

Business, Investing, Entrepreneurship

4.3 • 1.4K Ratings

🗓️ 4 November 2025

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ed Elson is joined by Ryan Petersen, founder and CEO of Flexport, to break down how companies are navigating tariffs. Then, Dan Primack, business editor at Axios and the author of the daily Pro Rata newsletter, returns to the show to discuss Kimberly-Clark’s $48 billion acquisition of Kenvue. Finally, Ed unpacks Amazon’s massive new deal with OpenAI and what it means for the company’s AI ambitions. Check out our latest Prof G Markets newsletter Order "The Algebra of Wealth" out now Subscribe to No Mercy / No Malice Follow Prof G Markets on Instagram Follow Ed on Instagram and X Follow Scott on Instagram Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hey Sainsbury's, off to my neighbour's Christmas do later. Got any gift ideas?
0:04.6	How about our Taste the Difference chocolate chip short bread tin, deliciously moorish or butter biscuits in a boozy box?
0:11.4	Or give them a treat for the eyes and the taste buds with our indulgent taste the difference cherry and amaretto panatoni.
0:17.5	What do you think? I think I'd rather keep them for myself.
0:20.6	Looking for a tasty, festive gift.
0:22.7	Ask Sainsbury's.
0:24.0	Sainsbury's good food for all of us.
0:26.7	Subject to availability, available in selected supermarkets and online.
0:31.1	Is the Justice Department still just?
0:33.8	Ultimately, Donald Trump is the person who began the weakening of the Justice Department in his first presidency.
0:41.9	I'm Preet Barrara. In this week, investigative reporters Carol Lenig and Aaron Davis join me to discuss their new book, Injustice, how politics and fear vanquished America's Justice Department.
0:54.0	The episode is out now.
0:56.4	Search and follow, stay tuned with Prete, wherever you get your podcasts.
1:00.8	Today's number 95,000.
1:04.6	That's how many Japanese citizens are more than 100 years old.
1:09.2	That makes Japan the second oldest region in the world just behind D.C.
1:14.3	Money markets, bad. If money is evil, then that building is hell.
1:25.7	Welcome to property markets. I'm Ed Elson. It is November 4th. Let's check in on yesterday's market vitals.
1:34.6	The S&P and the NASDAQ rose to start the month with gains from Amazon, boosting the indices more on that later. The Dow declined, as most stocks outside of Big Tech ended the day lower.
1:45.7	The yield on 10-year treasuries increased as the government shutdown reached its fourth week. Bitcoin
1:50.9	sank amid a broad crypto sell-off and finally Palantir stock popped in after-hours trading
1:57.4	on better than expected earnings and strong guidance for the current quarter.
	...

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