The Bid

Funding new drug development is challenging. Trials are expensive, complex, and lengthy, and only a fraction of the therapeutics that go into clinical trials will ever come out the other side approved. Sara Shores welcomes Dr. Andrew Lo, economist, professor at MIT and co-founder of QLS Advisors, a Quantitative Life Sciences Company working to accelerate the pace of change in biomedicine.Sources referenced: Stein, R. (2017) Incentivizing Charity: A New Way to Fund Cancer Research; Healthcare Finance: Modern Financial Analysis for Accelerating Biomedical Innovation by Andrew Lo, Shomesh E. ChaudhuriDiversification does not assure a profit and may not protect against loss of principal. Diversification among investment options and asset classes may help to reduce overall volatility. Risk management and due diligence processes seek to mitigate, but cannot eliminate, risk nor do they imply low risk.This material is intended for information purposes only, and does not constitute investment advice, a recommendation

What does the road to low-carbon trucking look like? Volvo Group CEO Martin Lundstedt joins host Mark Wiedman to talk about how the company is helping transform the future of transport with their fully electric heavy-duty trucks and why “partnership is the new leadership” to get the sector to reach its net zero goals.  This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities, funds or strategies to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The opinions expressed are as of the date of publication and are subject to change without notice. Reliance upon information in this material is at the sole discretion of the reader. Investing involves risks. BlackRock does and may seek to do business with companies covered in this podcast. As a result, readers should be aware that the firm

Gas supplies from Russia have been significantly reduced due to the war in Ukraine. OPEC has announced oil production cuts and both Europe and the U.S. have stubbornly high inflation that central banks are trying to control. With winter fast approaching, what impact will that have on the economies globally and when will it ease? Gargi Chaudhuri, Head of iShares Investment Strategy and Alex Brazier, Deputy Head of BlackRock Investment Institute join host Oscar Pulido to figure it out.Sources Cited: EU Nat Gas Trading Economics Historical Chart 2021 and 2023 Forecast & European Commission Report 2022This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities, funds or strategies to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The opinions expressed are as of the date of publication and are

2022 has been a year to forget as far as investing goes, and in this episode of The Bid, host Will Su brings together two investors from different generations to examine the factors shaping the outlook for the U.S. stock market from their different vantage points and experience. Joining Will are Tony DeSpirito, CIO of U.S. Fundamental Equities, and Caroline Bottinelli, Co-Portfolio Manager from our U.S. Growth team. Sources mentioned: John Kenneth Galbraith ‘A Short History of Financial Euphoria’The survey referenced herein was conducted online in January and May 2022. Respondents (1,083 in January and 1,091 in May) were Americans aged 25+ with a minimum of $250,000 in investible assets. The survey was executed by Material Holdings, an independent research company. This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities, funds or strategies to any person in any jurisdiction in

How can carbon capture transform the oil and gas industry?  On this episode of “The real leaders of net zero,” CEO and President of Occidental Petroleum Vicki Hollub joins guest host, Mark McCombe, Chief Client Officer at BlackRock, to talk about the oil and gas company’s net zero strategy and its commitment to be net zero by 2040 and the important role carbon management could play in achieving these goals.  This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities, funds or strategies to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The opinions expressed are as of the date of publication and are subject to change without notice. Reliance upon information in this material is at the sole discretion of the reader. Investing involves risks. BlackRock does and may seek to do bus

The U.S. labor force has shrunk and not recovered since the start of the pandemic, and there are more jobs available than can be filled, so how is that affecting the economies current inflation woes? Jean Boivin, Head of the BlackRock Investment Institute joins host Oscar Pulido to connect the dots.This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities, funds or strategies to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The opinions expressed are as of the date of publication and are subject to change without notice. Reliance upon information in this material is at the sole discretion of the reader. Investing involves risks. BlackRock does and may seek to do business with companies covered in this podcast. As a result, readers should be aware that the firm may have a conflict of

In 2019, Repsol was the first oil and gas company in the world to announce its commitment to be net zero by 2050.  Why did they make that decision? What's their plan to get there? On this episode of our series, The Real Leaders of Net Zero, Repsol CEO Josu Jon Imaz joins host Mark Wiedman to talk upstream and downstream, electrification versus decarbonization, and why technology is the biggest ally in this ambitious effort.  This material is for informational purposes and is prepared by BlackRock, is not intended to be relied upon as a forecast, research or investment advice, and is not a. recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of date of publication and are subject to change. The information and opinions contained in this material are derived from proprietary and nonproprietary sources deemed by BlackRock to be reliable and are not guaranteed as to accuracy or completeness. This material may contain

Blackrock CEO, Larry Fink, introduces the 100th episode of The Bid where iShares’ Gargi Pal Chaudhuri sits down for a candid conversation with finance expert and entrepreneur Lauren Simmons. Lauren was the youngest woman on Wall Street and went from being a financial analyst to one of the most sought-after personal finance experts for celebrities and entrepreneurs. She is also taking part in the iShares Future Ballers campaign where she has developed a financial literacy curriculum for 5 draft basketball players.Sources: Pollfish Survey May 2022, N-1, 000This material is for informational purposes and is prepared by BlackRock, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of date of publication and are subject to change. The information and opinions contained in this material are derived from proprietary and nonproprietary sources

Is the Fed caught between a rock and a hard place? It faces a stark choice between reducing inflation while maintaining economic growth, Blackrock Investment Institute’s Alex Brazier recently wrote a piece on our new blog series Macro Take and sits down with host Oscar Pulido to break down the issues facing supply chains. Read Alex's blog post here: https://www.blackrock.com/corporate/insights/blackrock-investment-institute/economic-insightsThis material is for informational purposes and is prepared by BlackRock, is not intended to be relied upon as a forecast, research or investment advice, and is not a. recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of date of publication and are subject to change. The information and opinions contained in this material are derived from proprietary and nonproprietary sources deemed by BlackRock to be reliable and are not guaranteed as to accuracy or completeness. This material may co

With inflation at the highest level in decades and volatility continuing to surge, equity investors are questioning their next moves. Tony DeSpirito, BlackRock's CIO of U.S. Fundamental Equities, looks at how inflation is impacting the economy and underappreciated opportunities.This material is for informational purposes and is prepared by BlackRock, is not intended to be relied upon as a forecast, research or investment advice, and is not a. recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of date of publication and are subject to change. The information and opinions contained in this material are derived from proprietary and nonproprietary sources deemed by BlackRock to be reliable and are not guaranteed as to accuracy or completeness. This material may contain ’forward looking’ information that is not purely historical in nature. There is no guarantee that any forecasts made will come to pass. Reliance upon information in

Has the multi-decade period of stable growth and low inflation come to an end in 2022? The BlackRock Investment Institute believes the world is now facing greater economic and market volatility. Jean Boivin, Head of the BlackRock Investment Institute (BII) , Vivek Paul, Head of Portfolio Research for the BlackRock Investment Institute and Wei Li, Global Chief Investment Strategist for Blackrock, join this episode to discuss the BlackRock Investment Institute’s 2022 midyear outlook and what this new, more volatile regime means for the rest of the year and beyond. Take a look at the Blackrock Investment Institute for more of Blackrock's macro takes Macro Take | BlackRock Investment InstituteThis material is for informational purposes and is prepared by BlackRock, is not intended to be relied upon as a forecast, research or investment advice, and is not a. recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of date of pub

ENEL CEO, Francesco Starace, has been at the helm of the Italian power giant ENEL since 2014 and is a driving force behind Europe’s move to sustainable energy. Mr. Starace joins host Mark Wiedman and “The real leaders of net zero miniseries” to discuss how during his tenure he has overseen the expansion of clean energy using economies of scale from digitalization and improved materials. Francesco also shares his vision for the future of energy; from smart grids feeding power back to the grid and from consumer to consumer, to a fixed price system for all.This material is for informational purposes and is prepared by BlackRock, is not intended to be relied upon as a forecast, research or investment advice, and is not a. recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of date of publication and are subject to change. The information and opinions contained in this material are derived from proprietary and nonproprietary sources

On this episode of our ‘The real leaders of net zero' miniseries, Dow CEO Jim Fitterling talks with BlackRock’s Mark Wiedman about how Dow is decarbonizing its production processes and why the circular economy can help rid our planet of plastic waste.This material is for informational purposes and is prepared by BlackRock, is not intended to be relied upon as a forecast, research or investment advice, and is not a. recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of date of publication and are subject to change. The information and opinions contained in this material are derived from proprietary and nonproprietary sources deemed by BlackRock to be reliable and are not guaranteed as to accuracy or completeness. This material may contain ’forward looking’ information that is not purely historical in nature. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole

Megatrends are allowing people to build long term exposure to exponential growth. Jeff Spiegel, US Head of BlackRock Megatrend, International and Sector ETFs and Tanya Chanda, Senior Investment Strategist on the BlackRock Megatrend team, explore how megatrends are being impacted by supply chain disruptions, robot labor and millennial spending. This material is for informational purposes and is prepared by BlackRock, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of date of publication and are subject to change. The information and opinions contained in this material are derived from proprietary and nonproprietary sources deemed by BlackRock to be reliable and are not guaranteed as to accuracy or completeness. This material may contain ’forward looking’ information that is not purely historical in nature. There is no guaran

Global ETF inflows continue to break records. Salim Ramji, BlackRock's Global Head of ETFs and Index Investments, breaks down why millions of first-time investors are turning to ETFs and Samara Cohen, BlackRock's Chief Investment Officer of ETFs and Index Investments, explains the changing role of ETFs. 1 Blackrock, Nov 31st '20 - Nov 31st '212 BlackRock “Second Annual iShares Report on Investor Progress – Our Next 100M Investors”, as of December 8, 2021(https://www.ishares.com/us/insights/investor-progress-report)Estimate for new accounts: Financial Times, “Is the army of lockdown traders here to stay?,” Oct. 18, 2021 quoted data provider BrokerChooser estimated that 30 million new accounts were opened in the U.S. during the first 12 months of the pandemic. In the U.K., the Financial Conduct Authority there were 7.1 million new accounts opened between April 2020 and April 2021. In Germany, the number of people who own shares directly or via funds rose by 2.2 million in 2020, according to Deutsches Aktie

Women are falling behind when financially preparing for their futures. Anne Ackerley, Head of BlackRock's Retirement Group, and Karen Andres, Project Director for Aspen Institute's Retirement Savings Initiative break down the challenges facing women and retirement and how the industry can change to be more inclusive.Sources1 U.S. Government Accountability Office, “The Gender Pay Gap and Its Effect on Women’s Retirement Savings”, March 24, 2021 (https://www.gao.gov/blog/gender-pay-gap-and-its-effect-womens-retirement-savings#:~:text=We%20found%20that%20women%20reported,30%25%20lower%20than%20men's%20contributions) 2 National Women’s Law Center, “Another 275,000 Women Left The Labor Force In January”, February 5, 2021 (https://nwlc.org/resource/january-jobs-day-2021/)3 U.S. Department of Health and Human Services, “Week 41 Household Pulse Survey: December 29, 2021 – January 10, 2022”, (https://www.census.gov/data/tables/2021/demo/hhp/hhp41.html#tables)4 BlackRock, “2021 BlackRock DC Pulse”, (https://www.blackro

The Russian invasion of Ukraine has caused a massive humanitarian crisis and sent ripple effects across the global economy. Larry Fink, Chairman and CEO of BlackRock, discusses how this economic war is affecting existing supply chain disruptions, inflation and globalization.This material is for informational purposes and is prepared by BlackRock, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of date of publication and are subject to change. The information and opinions contained in this material are derived from proprietary and nonproprietary sources deemed by BlackRock to be reliable and are not guaranteed as to accuracy or completeness. This material may contain ’forward looking’ information that is not purely historical in nature. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this

On our third episode of The Real Leaders of Net Zero miniseries, Catherine MacGregor of global utility company Engie discusses the role of green hydrogen and why the cost and the speed of the transition are among her top concerns.This material is for informational purposes and is prepared by BlackRock, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of date of publication and are subject to change. The information and opinions contained in this material are derived from proprietary and nonproprietary sources deemed by BlackRock to be reliable and are not guaranteed as to accuracy or completeness. This material may contain ’forward looking’ information that is not purely historical in nature. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the re

On the second episode of this miniseries, Peter Voser, Chairman of ABB, talks with host Mark Wiedman about why the global tech company is focused on electrification and automation, the importance of cross-sector collaboration and how they are helping industrial sectors become more reliable, more efficient and less carbon intensive.This material is for informational purposes and is prepared by BlackRock, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of date of publication and are subject to change. The information and opinions contained in this material are derived from proprietary and nonproprietary sources deemed by BlackRock to be reliable and are not guaranteed as to accuracy or completeness. This material may contain ’forward looking’ information that is not purely historical in nature. There is no guarantee that any forecasts

The shift to a net zero world contemplates a massive transformation of our economy, of our businesses, of how people buy and sell and make and move things. In our new three-part mini-series, “The real leaders of net zero”, we're talking with the companies and business leaders at the forefront of the transition to net zero and who are inventing the technologies and business models that are going to help green our economy. How are we going to get there? How will we pay for it? And what are the roles of companies and finance in this transition?On our premiere episode, Orsted CEO Mads Nipper joins BlackRock’s Mark Wiedman to discuss the Danish firm’s transformation from a major carbon-intensive energy company to one of the world’s leading producers of offshore wind power in less than 15 years. Why and how did they do it? And as companies around the world consider a net zero world, what can we learn from Orsted and companies like them?Disclosures1 McKinsey “Ørsted’s renewable-energy transformation”, July 10, 2020&