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LIC shares gain 6% in two sessions. Should you buy ahead of the 1:1 bonus issue?

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LIC shares gain 6% in two sessions. Should you buy ahead of the 1:1 bonus issue?
Shares of Life Insurance Corporation of India (LIC) gained as much as 4% to hit an intraday high of Rs 813 on the BSE on Monday, extending gains for a second consecutive session and rising 6% over the period.

Last week, the state-owned company announced a 1:1 bonus issue along with its Q4 results. Under the bonus issue, the insurer will allot one fully paid-up equity share of Rs 10 each for every existing fully paid-up equity share of Rs 10 each held by shareholders. The company has fixed May 29 as the record date to determine shareholder eligibility for the bonus issue.

LIC reported a consolidated net profit of Rs 23,467 crore for the fourth quarter of FY26, up 23% year-on-year (YoY) from Rs 19,039 crore posted in the corresponding quarter last year. Net premium income for the quarter rose 12% to Rs 1.65 lakh crore, compared with Rs 1.48 lakh crore in the year-ago period.

For the full financial year ended March 31, 2026, the insurer reported over 5% growth in assets under management to Rs 57.29 lakh crore, while net profit increased more than 19% YoY to Rs 57,419 crore.

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It also announced a 1:1 bonus. Under the bonus issue, the insurer will allot one fully paid-up equity share of Rs 10 each for every existing fully paid-up equity share of Rs 10 each held by shareholders. The company has fixed May 29 as the record date to determine shareholder eligibility for the bonus issue.

LIC shares: Buy, sell or hold?

Citigroup maintained a ‘Buy’ rating on LIC with a target price of Rs 1,475 per share, an upside potential of more than 81% from the stock’s previous closing price of Rs 813 on the BSE. According to Citi, the improvement in numbers was driven by a better non-par product mix and favourable yield curve benefits in the fast-growing non-par business. The brokerage also noted that management highlighted initiatives to improve persistency, boost product innovation, enhance agent productivity, expand the agent network, and increase contributions from non-agency distribution channels.
Citi added that LIC’s valuation remains attractive, with projected FY27 core embedded value, excluding mark-to-market embedded value, exceeding the company’s current market capitalisation. However, it said uncertainty around the promoter-holding structure continues to weigh on the stock.Bernstein retained a ‘Market Perform’ rating with a target price of Rs 900 per share, implying an upside potential of over 11%. The brokerage said LIC reported healthy revenue growth during the quarter, with new sales rising 22% in Q4 and 18% year-on-year in FY26, led by strong growth in non-par products. Bernstein added that margins continued to improve through FY26 due to a favourable shift in product mix and supportive yield curve movements.
The brokerage also said LIC’s management expects margins to gradually converge with private-sector peers over the medium term, although the transition is likely to take time.

JM Financial maintained its ‘Buy’ rating on LIC and raised its target price to Rs 960 per share, implying an upside of 18%. The brokerage said it had upgraded the stock after Q1FY26, expecting a rerating in the second half of the year.

According to JM Financial, LIC’s diversifying product mix and improving margins strengthen growth resilience. It noted that the stock remained range-bound as weak equity markets kept embedded value below September 2024 levels.

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However, the brokerage expects embedded value growth to improve as macroeconomic conditions stabilise, supported by improving business growth, an unwind of over 9%, and VNB at 2% of opening embedded value. JM Financial also upgraded its earnings estimates for the insurer.

The stock has gained 2% over the past month but is down 7% over the last six months. The company’s market capitalisation currently stands at Rs 5.27 lakh crore.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Which Is Best for UK Weather?

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Which Is Best for UK Weather?

Choosing the right roofing style is one of the most important decisions for any property owner in the UK. The roof plays a vital role in protecting a building from rain, wind, temperature changes, and other environmental factors.

When planning a new build, extension, or roof replacement, many homeowners find themselves deciding between a flat roof and a pitched roof.

Both roofing systems have distinct advantages and limitations. The best choice often depends on factors such as property design, budget, maintenance expectations, and local weather conditions. Understanding how each option performs in the UK’s climate can help property owners make an informed decision.

Understanding Flat Roofs

A flat roof is designed with a very slight slope that allows rainwater to drain away. Although referred to as “flat,” these roofs are not completely level. Modern flat roofing systems are commonly constructed using materials such as EPDM rubber, fibreglass, or high-performance felt. Flat roofs have become increasingly popular for home extensions, garages, garden rooms, and contemporary residential properties. Their clean, modern appearance makes them attractive for modern architectural designs. This growing demand can be seen in areas such as flat roofing Watford projects, where homeowners often choose flat roof systems for their practicality, cost-effectiveness, and sleek appearance.

One of the primary advantages of a flat roof is affordability. Installation costs are generally lower because fewer materials are required, and construction is typically faster than a pitched roof. Flat roofs also provide easy access for inspections, repairs, and maintenance. Another benefit is the potential use of roof space. Many property owners choose to incorporate roof terraces, solar panels, or green roofing systems on flat roof structures.

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Understanding Pitched Roofs

A pitched roof features two or more sloping sides that create an angled structure. This traditional roofing design is commonly seen across the UK and has been used successfully for centuries. Pitched roofs are particularly effective at directing rainwater away from the property. Their steep angles help prevent water accumulation and reduce the risk of leaks caused by standing water.

These roofs also offer additional attic or loft space, which can be used for storage or converted into living accommodation. For homeowners seeking long-term value, a pitched roof often provides greater durability and lifespan compared to many flat roofing systems.

The classic appearance of a pitched roof complements a wide range of architectural styles, making it a preferred choice for many traditional homes.

Flat Roof vs Pitched Roof Comparison

Feature Flat Roof Pitched Roof
Cost Lower installation cost Higher initial cost
Lifespan 25–40 years 50+ years
Rain Performance Needs drainage system Excellent natural runoff
Maintenance Easier access, more frequent checks Less frequent but harder access
Energy Efficiency High with proper insulation High with loft insulation
Usable Space Can be used for terrace/solar panels Provides loft/attic space
Weather Resistance Good when properly installed Excellent in heavy rain/snow
Aesthetic Style Modern, minimal Traditional, classic

Performance in UK Weather Conditions

The UK climate includes frequent rainfall, strong winds, frost, and occasional snowfall. These conditions place constant pressure on roofing systems throughout the year.

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Rainfall Performance

Pitched roofs perform extremely well in heavy rainfall because water naturally flows down the slopes into guttering systems. Flat roofs rely on drainage systems, and while modern materials are highly effective, proper installation is essential to avoid water pooling.

Wind Resistance

Both roof types can perform well in windy conditions when properly designed. Pitched roofs may experience more wind uplift on exposed areas, while flat roofs can benefit from a more aerodynamic surface. Installation quality is the most important factor in both cases.

Snow and Ice

Pitched roofs allow snow and ice to slide off easily, reducing structural load. Flat roofs can retain snow for longer periods, which may increase weight. Modern structural design accounts for this, but proper engineering is essential.

Energy Efficiency

Energy efficiency is becoming increasingly important for homeowners looking to reduce energy costs.

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Pitched roofs often provide additional insulation opportunities through loft spaces. These air pockets can help regulate indoor temperatures throughout the year.

Flat roofs can also achieve excellent thermal performance when fitted with modern insulation systems. In many cases, the overall energy efficiency depends more on insulation quality than roof shape alone.

Maintenance Requirements

Every roofing system requires ongoing maintenance to maximise its lifespan.

Flat roofs typically need more frequent inspections to ensure drainage systems remain clear and that membranes remain intact. Because the surface is accessible, maintenance is often simpler and safer to carry out.

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Pitched roofs generally require less routine attention. However, repairs can be more complex due to height and accessibility challenges. Missing tiles, damaged flashing, and gutter issues should be addressed promptly to prevent water ingress.

Professional inspections help identify minor problems before they develop into costly repairs.

Lifespan Comparison

Roof longevity is a major consideration for property owners making long-term investments.

A well-installed pitched roof can often last 50 years or more, depending on the materials used. Slate and clay tile systems may last significantly longer with proper maintenance.

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Modern flat roofing systems have also improved dramatically in recent decades. High-quality EPDM and fibreglass roofs commonly achieve lifespans of 25 to 40 years when professionally installed and maintained.

The lifespan of either roofing system depends heavily on workmanship, materials, and regular maintenance.

Cost Considerations

Budget frequently influences roofing decisions.

Flat roofs generally have lower installation costs because they require fewer structural components and less labour. This makes them particularly attractive for extensions and smaller structures.

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Pitched roofs involve more complex construction and greater material usage, resulting in higher upfront costs. However, many homeowners view the increased durability and longevity as a worthwhile long-term investment.

When evaluating costs, it is important to consider both initial installation expenses and future maintenance requirements.

Which Roof Is Best for UK Weather?

There is no universal answer because the ideal roofing solution depends on individual property requirements.

For homeowners seeking a traditional appearance, excellent rainwater management, and maximum longevity, a pitched roof is often the preferred choice.

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For modern properties, extensions, and projects where budget efficiency and usable roof space are priorities, a flat roof can provide excellent performance when installed using high-quality materials and proper drainage systems.

Many experienced roofing professionals, including reputable roofers in St Albans, recommend choosing a roofing solution that aligns with the property’s design, functional requirements, and long-term maintenance goals, rather than making a decision based solely on current trends.

Frequently Asked Questions

1. Are flat roofs suitable for heavy UK rainfall?

Yes. Modern flat roofing systems are designed with slight slopes and efficient drainage systems that allow water to drain effectively when installed correctly.

2. Which roof type lasts longer?

Generally, pitched roofs have a longer lifespan and can last 50 years or more. Modern flat roofs can also provide decades of service with proper maintenance.

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3. Is a flat roof cheaper than a pitched roof?

In most cases, yes. Flat roofs typically require fewer materials and less labour, making them more cost-effective to install.

4. Which roof is more energy efficient?

Both roof types can achieve excellent energy efficiency. The quality of insulation and installation has a greater impact than the roof design itself.

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Business Daily – Taking Stock: AI and jobs, affordability and Toy Story

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Business Daily - Taking Stock: AI and jobs, affordability and Toy Story

Available for over a year

Rahul Tandon is joined by Rebecca Choong Wilkins in Singapore and Walter Todd in South Carolina, USA. They discuss which jobs may be most resistant to the rise of AI and whether skilled trades such as plumbing and locksmithing could offer greater job security. They also compare the challenges facing the US and Chinese economies in light of the latest data releases. And can Toy Story 5 match the box-office success of its predecessors?

Producers: Neil Morrow and Bisi Adebayo
Executive Producer: Justin Bones

You can email the team: businessdaily@bbc.co.uk

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The hive mind is the most expensive employee a brand never hired

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The hive mind is the most expensive employee a brand never hired

Somewhere in a Vancouver boardroom, a team approved a drum.

The instrument that Lululemon wheeled onto the Great Wall of China last month, framed by rows of contented yogis and a hired celebrity, turned out to be Japanese, or near enough that those who analysed the footage online could make the case. The timing is unfortunate, with Beijing and Tokyo trading accusations over Taiwan, and the Chinese internet primed to interpret any slight as a national one. Lululemon has since apologised to the celebrity and the public, and attempted to erase the campaign from existence, admitting that it suffered “limitations in [their] professional knowledge”.

That phrase deserves pause. It is the most honest thing any brand has said in this situation in years. Nobody in the room knew enough to see the problem, but, fundamentally, the room was built so that nobody could have.

This is a failure that no amount of talent inside a brand’s office can fix, because it’s a failure not of competence but instead almost certainly of composition. A capable in-house team shares a language, a set of reflexes and a mutual understanding of what is acceptable. The more cohesive a team becomes, the more efficiently it navigates. As such, those instead best placed to analyse whether a message, narrative or a campaign reads as intended – several zones away, to an audience carrying a history no one in the room had considered – are precisely those not invited to the meeting.

The recent record is not short. The most instructive case belongs to fellow Canadian apparel manufacturer Arc’teryx – a brand whose entire identity rests on reverence for the wild – and who, in September, set off an enormous fireworks display across a Tibetan ridge at eighteen thousand feet. In an attempt to honour the landscape, they were instead accused of desecrating it. Over 90 million engaged with the government’s announcement of an investigation into the stunt, and China’s Advertising Association concluded the stunt had destroyed years of trust in the firm’s eco credentials. A company that sells itself on protecting nature was seen to set light to it, and nobody had registered the contradiction, because everybody believed the same flattering thing about what they were doing.

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As recently as last month, Starbucks released a range of “Tank” tumblers in South Korea – the company’s third largest market – on the anniversary of the Gwangju uprising, when in 1980, paratroopers crushed pro-democracy protests against military strongman Chun Doo-hwan. Prada spent much of last year explaining sandals it had paraded down a runway that were, to any Indian eye, the Kolhapuri design that artisans in Maharashtra and Karnataka have made for centuries, credited to no one. None of these was the work of fools. Each was formed by a clever and well-intentioned team – certain of a good idea – with no one whose job was to flinch first.

What the external specialist sells, then, is not creativity – of this, the internal team usually has a surplus. It is the deliberate importation of a missing perspective. Those who have, by nature of the role, seen a mistranslation turn into a scandal and whose wider market knowledge can predict how a celebration to one may read as provocation to another.

Companies pay lawyers to read contracts and auditors to verify accounts precisely because the downside of skipping them is so much larger than the fee. Cultural risk is no different, except brands have not yet naturally learned to budget for it.

Lululemon will likely survive its version: China is its fastest-growing market and accounts for a sixth of global sales, and the misjudged drum might even be forgotten by Autumn. But surviving a mistake is not the same as avoiding one, and the firms that keep treating cultural risk as a detail are the ones who end up paying for it.

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Alex Gilmore

Alex is Head of Digital at Farrant Group, a strategic communications agency in London and Dubai. He advises brands, family offices and high-profile principals on reputation and narrative in unfamiliar and challenging markets.

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Sterling today: Pound steadies near two-month low as political risks mount

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Northern Small Cap Core Fund Q1 2026 Commentary (NSGRX)

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Invesco AMT-Free Municipal Income Fund Q4 2025 Commentary (OPTAX)

Northern Trust Asset Management is a global investment manager that helps investors navigate changing market environments in efforts to realize their long-term objectives.

Entrusted with $1.2 trillion in assets under management as of March 31, 2024, we understand that investing ultimately serves a greater purpose and believe investors should be compensated for the risks they take — in all market environments and any investment strategy. That’s why we combine robust capital markets research, expert portfolio construction and comprehensive risk management in an effort to craft innovative and efficient solutions that seek to deliver targeted investment outcomes.

As engaged contributors to our communities, we consider it a great privilege to serve our investors and our communities with integrity, respect and transparency.

Northern Trust Asset Management is composed of Northern Trust Investments, Inc., Northern Trust Global Investments Limited, Northern Trust Fund Managers (Ireland) Limited, Northern Trust Global Investments Japan, K.K., NT Global Advisors, Inc., 50 South Capital Advisors, LLC, Northern Trust Asset Management Australia Pty Ltd, and investment personnel of The Northern Trust Company of Hong Kong Limited and The Northern Trust Company. Note: This account is not managed or monitored by Northern Trust Asset Management, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Northern Trust Asset Management’s official channels.

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North East lithium extractor joins forces with college to build technical skills

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Weardale Lithium secured grant funding earlier this year and is looking to scale up its operations

Weardale Lithium has joined forces with New College Durham.

From left: Paul Bradley, chief financial officer; Sharon Bennett, assistant principal (Advanced Manufacturing and Partnerships); Stewart Dickson, managing director of Weardale Lithium, Alison Maynard, deputy principal of New College Durham.(Image: New College Durham)

The company behind plans to draw valuable lithium deposits from underneath the County Durham countryside has partnered with a college to create the skills necessary for the vision.

Weardale Lithium hopes to use lithium carbonate-rich geothermal waters in the North Pennine Ore Field to extract the material which is critical to battery manufacturing and energy storage. The project – which has secured grant funding from the Government’s Drive35 competition – could create jobs that will require technical skills.

That has led to a partnership with New College Durham, which is already active in the area following the launch of its National Battery Training & Skills Academy (NBTSA) which delivers specialist training in battery technology and prepares learners for careers in electric vehicles, energy storage and advanced manufacturing.

Alison Maynard, deputy principal of New College Durham, said: “This partnership with Weardale Lithium marks an important milestone for both our students and the wider regional economy. By working in close collaboration with industry, we are equipping learners with the advanced technical knowledge and specialist skills required to succeed in a rapidly evolving energy sector, while supporting the development of sustainable, high-value careers across the North East.

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“The strength of our curriculum, the depth of our employer partnerships, and our clear focus on future workforce needs have recently been recognised at a national level. We are extremely proud to have been confirmed as one of only four Technical Excellence Colleges for Advanced Manufacturing in the country, an achievement that reflects both the quality of our provision and our commitment to delivering skills that align with industry demand.”

Planning approval was granted last year for Weardale Lithium’s demonstration plant at its Eastgate cement works site. The firm is now looking to scale up its operation and will work with New College Durham on training programmes.

Stewart Dickson, managing director of Weardale Lithium, added: “By connecting education, research and industry, this partnership will play a vital role in ensuring the North East workforce is equipped with the advanced skills needed to support the clean energy sector’s rapid expansion. With significant progress being made locally, including our planned lithium extraction projects in County Durham, the region is quickly emerging as a key contributor to the UK’s critical minerals and battery supply chain.

“Through this collaboration, we are not only responding to immediate skills demands but also helping to build a sustainable talent pipeline that aligns with national priorities around energy security and the development of domestic lithium production. By aligning education with cutting-edge innovation and industrial growth, we are positioning the North East and its workforce at the forefront of the UK’s transition to a low-carbon, high-value economy.”

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Italy’s Meloni says Trump ’totally invented’ story that she begged him for photo

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Italy’s Meloni says Trump ’totally invented’ story that she begged him for photo


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Tax crackdown on Shein and Temu could be fast-tracked as retailers turn up the heat

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Tax crackdown on Shein and Temu could be fast-tracked as retailers turn up the heat

Ministers are weighing up whether parts of a clampdown on the low-value imports that power Shein and Temu could arrive sooner than planned, after sustained lobbying from British retailers who say the current timetable leaves the high street exposed.

The government confirmed last year that reform of the so-called de minimis regime, which lets goods worth less than £135 enter the UK without customs duties, would not be fully in place until 2029 because of the complexity of building a new customs system from scratch. Now, officials are understood to be examining whether elements of that reform can be brought forward while still keeping goods flowing freely at the border.

The consultation on the design of a replacement system closed in early March, and ministers are still working through the responses. For retailers who have spent the better part of two years arguing that the relief tilts the pitch against them, even that assessment period feels too slow.

The de minimis exemption has become one of the defining battlegrounds in the contest between established British retailers and the fast-growing overseas platforms snapping at their heels. Shein and Temu, both founded in China, have expanded rapidly in Britain by shipping low-cost goods directly from manufacturers to shoppers, sidestepping the duties and overheads that domestic firms shoulder when they import through conventional supply chains.

Names including Sainsbury’s, Currys and AO World have argued that the carve-out hands overseas rivals a structural advantage. It is an argument that has steadily gained volume, with UK retailers calling on the government to end China’s tax-free advantage and warning that the playing field has been tilted for too long.

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The government has already said it intends to abolish the exemption, a position set out when Rachel Reeves moved to review the import tax loophole in its crackdown on cheap overseas goods. But it has insisted that a phased transition is needed to avoid disruption at ports and customs checkpoints. Officials say a new system for collecting duties on low-value parcels has to be built, in their words, “from the ground up” to cope with the sheer volume of packages arriving in the country, and that businesses moving and selling food will also need time to prepare. The full design is set out in the Treasury’s consultation on reforming the customs treatment of low-value imports.

The timetable has frustrated retailers, who have stepped up their lobbying in recent months. Last week Andrew Murphy, chief executive of toy seller The Entertainer, wrote to the government urging ministers to accelerate the reforms, describing the current schedule as “unacceptable”.

Industry groups have also warned that Britain risks becoming an outlier as other major economies move faster. The United States scrapped its own low-value import exemption last year, while the European Union is preparing to introduce a temporary customs duty on low-value parcels from next month before bringing in wider reforms, a shift confirmed by the European Commission’s taxation and customs directorate. The fear among executives is that, as doors close elsewhere, more low-cost and potentially unsafe goods will simply be redirected towards the UK, a concern that has already prompted warnings that delay risks turning Britain into a ‘dumping ground’.

The Treasury, for its part, is holding the line on both the destination and the pace. “The rapid growth in low-value imports is hurting our high streets and retailers,” it said. “We are removing the customs duty relief for low-value imports and reforming the way these goods are declared into the UK to ensure all goods are appropriately controlled.

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“This is a significant reform which backs our businesses to compete and grow, controls safety and flow of goods at our border, and keeps the UK in line with our international partners.”

For Britain’s retailers, the principle is now settled. The fight, increasingly, is over the clock.


Jamie Young

Jamie Young

Jamie is Senior Reporter at Business Matters, bringing over a decade of experience in UK SME business reporting.
Jamie holds a degree in Business Administration and regularly participates in industry conferences and workshops.

When not reporting on the latest business developments, Jamie is passionate about mentoring up-and-coming journalists and entrepreneurs to inspire the next generation of business leaders.

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Intel: Priced For Perfection Amid Game-Changing Apple Deal

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Intel: Priced For Perfection Amid Game-Changing Apple Deal

Intel: Priced For Perfection Amid Game-Changing Apple Deal

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Americast – Elon Musk the trillionaire… does the global economy need him to succeed?

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Americast - Has Jeff Bezos brought down the Washington Post?

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The US economy backs Elon Musk’s vision for sending people to Mars, the moon and beyond with SpaceX. Elon Musk’s rocket, telecommunications and artificial intelligence company SpaceX has listed on the Nasdaq stock exchange with a value of $2.2 trillion; making him the world’s first trillionaire in the process. Other AI companies, including Open AI and Anthropic have plans to follow suit but what does that mean for the US economy and global financial stability?
In this episode, Justin speaks to Ryan Mac – an investigative technology reporter for the New York Times who has extensive experience covering Elon Musk and other leaders in the AI field. SpaceX’s public valuation has made millionaires of many of its past and current employees and generated around $85 billion for the company; money that Elon Musk says is essential to fulfill the company’s plans to build bases on the Moon, put data centres into orbit and send human beings to Mars. But what happens if those plans remain unfulfilled?
As more companies offer shares to investors and the general public, Justin and Ryan explore whether America is gambling on the promise of AI? And is the US economy becoming dangerously reliant on one industry?

HOSTS:
• Justin Webb, Radio 4 presenter

GUEST:
• Ryan Mac – New York Times investigative technology correspondent

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This episode was made by Tom Gillett, Grace Reeve, Alix Pickles and Purvee Pattni. The technical producer was Ben Andrews. The series producer is Purvee Pattni. The senior news editor is Sam Bonham.

If you want to be notified every time we publish a new episode, please subscribe to us on BBC Sounds by hitting the subscribe button on the app.

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Americast is part of the BBC News Podcasts family of podcasts. The team that makes Americast also makes lots of other podcasts, including Newscast. If you enjoy Americast (and if you’re reading this then you hopefully do), then we think that you will enjoy some of our other pods too. See links below.

Newscast: https://www.bbc.co.uk/sounds/series/p05299nl
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Radical: https://www.bbc.co.uk/sounds/brand/p0gg4k6r
The Global Story: https://www.bbc.co.uk/sounds/brand/w13xtvsd

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