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Slate Money

The Bad Romance Edition

Slate Money

Slate Podcasts

Investing, Business

4.3988 Ratings

🗓️ 29 October 2016

⏱️ 48 minutes

🧾️ Download transcript

Summary

On this episode of Slate Money, hosts Felix Salmon of Fusion, Cathy O’Neil, data scientist and author of Weapons of Math Destruction, and Recode’s Edmund Lee breakdown the breakups and mergers in business and finance news this week. Topics discussed on today’s show include:AT&T’s plan to buy entertainment and news giant Time WarnerWallonia formally approves EU-Canada, CETA trade dealBuzzy Tech Companies and how they fare in the public stock markets.Check out other Panoply podcasts at itunes.com/panoply. Email: [email protected] Twitter: @felixsalmon, @mathbabedotorg, @edmundlee Production by Veralyn Williams. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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Until 18-plus, T's and C's apply, exchange fees and fair usage limits supply.

0:30.1

The following podcast contains explicit language.

0:35.2

Hello and welcome to the bad romance edition of Slate Money, your guide to the business and finance

0:48.3

news of the week and I can tell you that in recent weeks it is sometimes especially over the summer

0:54.5

being quite hard to come up with a bunch of recent financial news of the week and

0:59.9

also because there's been this presidential election going on and that's kind of

1:03.2

drowned out everything else but this week has been completely insane and we could

1:09.0

have seven shows with what on earth has been going on this week.

1:13.0

So we're just going to more or less pick at random.

1:15.0

But I just want to give you a taste,

1:18.0

because I think this is indicative of something

1:20.0

and maybe we can talk about what just in the past week in terms of mergers.

1:26.7

We had GE looks like it's going to buy Baker Hughes for about 30 billion dollars. We had B. A. T. That's British American

1:35.8

Tobacco. Try it. It wants to buy like the most, the bit of Reynolds, which is an American

1:42.1

tobacco company that it doesn't already own for

1:44.0

47 billion dollars. There's a telco merger level three and CenturyLink

1:51.0

merging that's going to create a $30 billion company.

...

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