Inside the ICE House

Athene is redefining retirement security through innovation, scale, and long-term vision. CEO Grant Kvalheim joins Inside the ICE House to discuss how the company's five-year growth plan is expanding its market leadership and helping millions of Americans build more confident retirements. He shares how Athene's partnership with Apollo Global Management, commitment to digital transformation, and culture of ownership are driving efficiency, innovation, and lasting impact across the retirement services industry.

CRH is reshaping the future of building materials through innovation, scale, and strategic growth. CEO Jim Mintern joins Inside the ICE House to discuss how the company's record performance and U.S. focus are driving infrastructure renewal and sustainable development. He shares how CRH's connected portfolio, entrepreneurial culture, and recent acquisitions are strengthening its leadership and advancing long-term growth across America's built environment.

Michael Reinking, Senior Market Strategist at the NYSE, recaps a week marked by the end of a record 43-day government shutdown and fading AI euphoria. Markets wrestled with delayed data and Fed caution on rate cuts as volatility ticked higher. AI stocks cooled after bubble warnings and bearish bets, while investors rotated toward quality and large caps. Crypto weakness and rising VIX added to risk-off signals. The week closed steady, with eyes on earnings, global PMIs, and fresh economic data ahead.

Eric Fine, Portfolio Manager, Emerging Market Debt at VanEck, joins Bilal Little to discuss how emerging markets are redefining opportunity within global fixed income. He explains how stronger fiscal discipline, independent central banks, and attractive yields are positioning EM bonds as resilient and rewarding investments. Fine shares how his international background and policy experience shape his approach to analyzing countries through markets. Please note that VanEck may offer investments products that invest in the asset class(es) or industries included in this video. This is not an offer to buy or sell, or a recommendation to buy or sell any of the securities, financial instruments or digital assets mentioned herein. The information presented does not involve the rendering of personalized investment, financial, legal, tax advice, or any call to action. Certain statements contained herein may constitute projections, forecasts and other forward-looking statements, which do not reflect actual results, are for illustrative purposes only, are valid as of the date of this communication, and are subject to change without notice. Actual future performance of any assets or industries mentioned are unknown. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. VanEck does not guarantee the accuracy of third party data. The information herein represents the opinion of the author(s), but not necessarily those of VanEck or its other employees. There are inherent risks with fixed income investing. These risks may include interest rate, call, credit, market, inflation, government policy, liquidity, or junk bond. When interest rates rise, bond prices fall. This risk is heightened with investments in longer duration fixed-income securities and during periods when prevailing interest rates are low or negative. Investments in emerging markets bonds may be substantially more volatile, and substantially less liquid, than the bonds of governments, government agencies, and government-owned corporations located in more developed foreign markets. Emerging markets bonds can have greater custodial and operational risks, and less developed legal and accounting systems than developed markets. Gold investments are subject to the risks associated with concentrating its assets in the gold industry, which can be significantly affected by international economic, monetary and political developments. Investments in gold may decline in value due to developments specific to the gold industry. Foreign gold security investments involve risks related to adverse political and economic developments unique to a country or a region, currency fluctuations or controls, and the possibility of arbitrary action by foreign governments, or political, economic or social instability. Gold investments are subject to risks associated with investments in U.S. and non-U.S. issuers, commodities and commodity-linked derivatives, commodities and commodity-linked derivatives tax, gold-mining industry, derivatives, emerging market securities, foreign currency transactions, foreign securities, other investment companies, management, market, non-diversification, operational, regulatory, small- and medium-capitalization companies and subsidiary risks. All investing is subject to risk, including the possible loss of the money you invest. As with any investment strategy, there is no guarantee that investment objectives will be met and investors may lose money. Diversification does not ensure a profit or protect against a loss in a declining market. Past performance is no guarantee of future performance. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission of Van Eck Associates Corporation.

Phil Rosen of Opening Bell Daily joins Inside the ICE House to unpack the forces driving the U.S. labor market slowdown. He explains how Fed rate hikes, the post-pandemic hiring reversal, and AI adoption are reshaping employment trends. While AI often gets the blame, Phil notes it's just one piece of a larger economic shift. He also shares why today's AI boom differs from the dot-com era and how younger investors continue to see market pullbacks as buying opportunities.

Bausch + Lomb is redefining eye health through innovation, culture, and patient-centered care. Chairman and CEO Brent Saunders joins Inside the ICE House to share how his return is fueling a transformation focused on talent, agility, and breakthrough science. He discusses how the company's renewed culture of grit and ownership, combined with an innovative R&D pipeline, is accelerating innovation and raising the standard of care for patients worldwide.

Eric Criscuolo, Market Strategist at the NYSE, recaps a week where markets pulled back as Tech lost steam and defensive sectors gained ground. The Fed cut rates as expected, but Chair Powell's hawkish tone cooled hopes for further easing. Political headlines added uncertainty, with Democrats outperforming on Election Day and the Supreme Court questioning Trump-era tariffs. M&A activity surged, led by Kimberly Clark's $50B bid for Kenvue and a pharma bidding war between Pfizer and Novo Nordisk. Investors now look ahead to key earnings, economic data, and the impact of the government shutdown as the year-end trading calendar tightens.

In October, Inside the ICE House aired eight new episodes, six traditional episodes, Markets in focus with Opening Bell Daily's Phil Rosen and Inside the ICE House breakfast on the balcony with Fetch CEO Wes Schroll. Episode 488: KKR's Pete Stavros on Ownership, Opportunity, and the Future of Work Episode 489: Charlotte Hornets' Shelly Cayette-Weston on Business, Buzz, & Building with Judi Health October Markets in Focus: Shutdowns, AI Optimism, and Bitcoin's 'Uptober' Rally On the Balcony: Building, Rewarding, and Redefining Loyalty with Fetch CEO Wes Schroll Episode 490: Workiva's Mike Rost & Mandi McReynolds on Data, Decisions, & Driving Growth Through Synergy Episode 491: Author Jon Levy on "Team Intelligence" and the Power of Trust, Collaboration and Group Potential Episode 492: ATM Media CEO Robert Wheeler on Brand Building and Turning Moments into Content Episode 493: Snowflake's Christian Kleinerman on innovation, Evolution and the Art of Collaboration

Marketing is undergoing a seismic shift as technology, consumer behavior, and leadership styles evolve. Michael Kassan, a trailblazer at the intersection of media, marketing, and innovation, has helped shape that transformation. He joins Inside the ICE House to share how modern leaders must adapt their thinking to stay ahead, build resilient brands, and navigate the complexities of a rapidly changing landscape. Kassan reflects on his journey, the future of marketing in an AI-driven world, and the leadership principles that continue to guide him through disruption and opportunity.

Chemours is reshaping leadership in the chemical industry through innovation, sustainability, and responsible growth. CFO Shane Hostetter joins Inside the ICE House to discuss how the company's Pathway to Thrive strategy is driving operational excellence and long-term value. He shares how Chemours is investing in next-gen technologies—from liquid cooling for AI data centers to advanced EV battery materials—while upholding fiscal discipline and environmental stewardship.

Michael Reinking, Senior Market Strategist at the NYSE, recaps a week where markets hit record highs amid shifting dynamics. A softer CPI print confirmed a Fed rate cut, while tech led gains on surging AI optimism and Nvidia crossing $5T in market cap. Earnings remained strong, driven by massive AI infrastructure investments from hyperscalers. Trade talks delivered a limited U.S.-China truce, easing some uncertainty but leaving tariff challenges ahead. The week ended with mixed reactions to the Fed's cautious tone as investors look toward more earnings and key economic data next week.

Bryan Staff, Co-Founder and Managing Partner of Merchant Investment Management, joins Bilal Little to discuss how the firm is empowering advisors through independence, innovation, and scale. He explains how Merchant's model enables wealth managers to create and manage their own ETFs, blending institutional capabilities with entrepreneurial flexibility. Staff highlights how technology, customization, and education are driving advisor adoption and transforming client engagement. He also shares how Merchant is bridging the gap between asset management and advisory services to deliver more personalized investment solutions.

Michael Evans, Group Sustainability Insights Manager at International Airlines Group (IAG) and ICE's Adelfio Ronci discuss how airlines are preparing for the first phase of CORSIA.

Juan Carlos Arredondo, Director of Knowledge, Policy and Advocacy at Abatable and Member of Technical Advisory Body (TAB) for ICAO's Council, joins ICE's Adelfio Ronci to discuss the TAB process behind CEEUs.

Victoria Volossov, Policy Officer at the European Commission, and ICE's Adelfio Ronci discuss what the EU is doing to lead the way in addressing rising carbon emissions in aviation.

BeZero Carbon's Tommy Ricketts joins ICE's Gordon Bennett to discuss how ratings offer a tool for airlines and operators to understand the spectrum of quality and build it into their decision making to make for a better market.

Natalia Dorfman, CEO and Co-Founder of Kita and ICE's Gordon Bennett discuss increasingly seeing insurance coming into the carbon market as mandatory.

Guy Turner, Managing Director of Carbon Markets at MSCI and ICE's Gordon Bennett discuss the pricing dynamics around CORSIA-eligible credits for Phase 1 and look ahead to pricing by 2035.

Lev Gantly, Partner at Philip Lee, sits down with ICE's Adelfio Ronci. Following Article 6 rules + ICAO's decision to confirm eligibility for phase 1, some countries are looking to regulate their standards - thus, supply and demand begin scaling.

Andurand Capital's Mark Lewis joins ICE's Gordon Bennett on ICE's CORSIA podcast. Aviation is the fastest growing source of emissions globally, underscoring an urgent need for the sector to offset its emissions. CORSIA addresses that concern.

ICE's Gordon Bennett and Adelfio Ronci explore why CORSIA - a global initiative that requires airlines to take financial responsibility for their emissions - could represent the sweet spot for international carbon pricing.

A podcast series brought to you by ICE and hosted by Gordon Bennett, Global Head of Environmental Markets at ICE, with a great lineup of guests, to take off into CORSIA - the first global sector-based carbon pricing program.

Snowflake is transforming how enterprises harness the power of data and AI through innovation, security, and collaboration. Christian Kleinerman, Executive Vice President of Product, joins Inside the ICE House to share how the company's launch of Cortex AI for Financial Services is unlocking new levels of efficiency and insight for customers. He discusses how Snowflake's open ecosystem, trusted governance, and deep partnerships with leaders like Microsoft, Anthropic, and OpenAI are shaping the future of the AI Data Cloud and redefining what's possible for businesses worldwide

Eric Criscuolo, Market Strategist at the NYSE, recaps a week defined by a sharp momentum meltdown across high-beta and speculative assets. Meme stocks, crypto miners, and quantum computing names saw steep declines before rebounding on news of potential government investment. Precious metals like gold and silver also dropped from recent highs amid overbought conditions and macro uncertainty. Despite the volatility, major indices stabilized, supported by strong earnings and sector rotation into Energy, Healthcare, and Industrials. The week closed with optimism as markets regained footing and investors looked ahead to key economic data and trade developments.

ATM Media is redefining storytelling across advertising, technology, and media through authenticity and connection. Founder and CEO Robert Wheeler joins Inside the ICE House to share how ATM's people-first approach gives brands a trusted platform to celebrate their culture and vision. He discusses how the company's focus on high-quality, human-centered content is cutting through the clutter and transforming how stories are told in today's digital landscape.

Behavioral Scientist and Author Jon Levy explores how trust, connection, and collaboration fuel high-performing teams in his new book Team Intelligence. He goes Inside the ICE House to share how organizations can unlock their collective potential by focusing on the dynamics that drive group success and how leaders can foster environments where innovation and trust thrive, even in high-pressure settings.

Workiva is reshaping how companies approach ESG and financial transparency through innovation, integration, and trust. Mike Rost and Mandi McReynolds go Inside the ICE House to share how the company's unified platform is empowering organizations to deliver investor-grade disclosures with confidence. They discuss Workiva's transformation from a financial reporting tool to a multi-solution SaaS leader, and how AI, data integrity, and cross-functional collaboration are driving a more connected, transparent future.

Michael Reinking, Senior Market Strategist at the NYSE, recaps a volatile week as China's new export controls and President Trump's tariff threats triggered the biggest U.S. selloff since April. Markets and crypto plunged before rebounding on softer rhetoric from Washington and strong bank earnings kicking off the season. Fed Chair Powell's signal of further rate cuts fueled a rally in cyclicals and financials. Regional banks later slid on fresh credit concerns. Reinking highlights China's upcoming economic data, earnings acceleration, and ongoing shutdown talks as next week's key drivers.

Consumer rewards are entering a new era as technology transforms how people connect with the brands they love. Fetch Founder and CEO Wes Schroll has led that evolution, turning everyday receipts into meaningful rewards for millions of users. He joins Inside the ICE House to share how Fetch is using AI to deepen brand relationships, personalize experiences, and empower consumers through data-driven insights. Schroll discusses the company's growth from startup to category leader, highlighted by a new partnership with American Express that expands Fetch's reach and value for users.

Maital Legum, Director of Exchange Traded Products at the New York Stock Exchange, joins Bilal Little to share insights from her 14-year career overseeing thousands of ETF launches. She discusses how the NYSE partners with issuers as both regulator and advisor, helping them navigate the complex operational and compliance landscape. Legum highlights the growing interest from traditional asset managers entering the ETF space and stresses the importance of early planning, strong partnerships, and distribution strategy.

Phil Rosen of Opening Bell Daily returns to Inside the ICE House to explain why markets remain resilient amid the government shutdown. With economic data on pause, he says investors are fueling an “everything rally” driven by strong earnings, AI optimism, and expectations of more Fed rate cuts. Despite bubble fears, Phil notes that record tech profits continue to justify valuations. He also highlights rising institutional demand for Bitcoin and sustained confidence in AI as key forces behind the market's bullish momentum.

The Charlotte Hornets are redefining what it means to be a modern NBA franchise through innovation, wellness, and fan-first strategy. Shelly Cayette-Weston, President of the Hornets, goes Inside the ICE House to share how the team's jersey patch partnership with Judi Health reflects a deeper commitment to performance and community impact. She discusses how a strong draft class and renewed focus on engagement are energizing the fan base and elevating the brand.

Eric Criscuolo, Market Strategist at the NYSE, recaps a week of record-breaking gains across stocks and gold, driven by strong momentum and AI-fueled optimism. AMD led the charge after announcing a major partnership with OpenAI, while xAI's reported $20B raise kept Nvidia in focus. Utilities and Tech outperformed, with Real Estate and Materials trailing amid rising yields and geopolitical pressure. Strong AI demand and investor enthusiasm continued to lift markets.

Pete Stavros returns to Inside the ICE House three years after his first appearance, as Ownership Works enters its fourth year of driving inclusive capitalism. The initiative has scaled across industries, giving employees a stake in the success they help create. Stavros reflects on the journey, the rise of empathy gyms, and the cultural shift underway.

In September, Inside the ICE House aired ten new episodes, four traditional episodes, the new Biotech series, Markets in focus with Opening Bell Daily's Phil Rosen and Inside the ICE House breakfast on the balcony. Biotech Series Episode 1: Alto Neuroscience CEO Dr. Amit Etkin on the Next Chapter in Mental Health Biotech Series Episode 2: Eli Lilly Chief AI Officer Thomas Fuchs on AI's Power to Transform Pharmaceuticals Biotech Series Episode 3: Nimbus CEO Abbas Kazimi on Leading the Future of Precision Therapeutics Biotech Series Episode 4: Enveda CEO Viswa Colluru on the Mission to Decode Nature's Pharmacy Episode 484: ESPN Chairman Jimmy Pitaro on Streaming, Sports Rights, and the Future of Fandom Markets in Focus: Fed Cuts, Labor Market Risks, and Investor Resilience On the Balcony: Founding, Funding, and Investing in the Future with M13's Carter Reum Episode 485: BBDO Worldwide Chairman Andrew Robertson on Shaping the "Creative Shift" Episode 486: VISA's Mathieu Altwegg on Redefining Shopping in an AI-Driven World Episode 487: LexisNexis Risk Solutions' Bill Madison on Data, Decisions, and Smarter Insurance

Eric Criscuolo, Market Strategist at the NYSE, recaps a strong start to Q4 as tech and small caps led gains. A government shutdown delayed key data, but private reports showed labor market weakness. M&A activity surged, with major deals across sectors. Healthcare outperformed on Pfizer news, while energy and financials lagged. Criscuolo flags CPI, FOMC minutes, and OPEC's meeting as next week's key drivers.

Joyee Yang, financial educator and content creator with over 300,000 followers, joins Bilal Little at the NYSE to share her path from discovering dividend stocks at 19 to championing ETFs for diversification and risk management. She explains how YouTube and peer creators shaped her financial literacy and why she emphasizes transparency, dollar cost averaging, and long-term investing. Today, Yang is focused on simplifying finance and empowering Gen Z to build sustainable wealth with confidence.

Data is redefining how insurers assess risk, price policies, and serve customers, ushering in a new era of smarter insurance. Bill Madison, CEO of LexisNexis Risk Solutions Insurance, has spent four decades at the forefront of this transformation. He goes Inside the ICE House to share how data and AI are streamlining processes, enhancing transparency, and improving outcomes for both carriers and policyholders.

Eric Criscuolo, Market Strategist at the NYSE, recaps a week where stocks retreated from record highs after triple-witching and Fed Chair Powell's valuation comments. Energy outperformed on rising oil, while tech and small caps lagged. Stronger economic data tempered Fed cut expectations. Criscuolo highlights jobs reports, ISM data, and a potential government shutdown as next week's key drivers.

Artificial intelligence is reshaping the way consumers discover, select, and purchase products, ushering in a new era of Intelligent Commerce. Mathieu Altwegg, Visa's Head of Product & Solutions for Europe, is at the forefront of this transformation. He goes Inside the ICE House to explore how Visa is partnering with leading tech companies to securely integrate these agents into the payment ecosystem.

Creativity is undergoing a transformation as data, technology, and shifting consumer expectations reshape how ideas are formed and shared. With decades of leadership at BBDO Worldwide, Andrew Robertson explores this evolution in his new book, "The Creative Shift". He goes Inside the ICE House to discuss how organizations can unlock innovation, foster emotional storytelling, and adapt to a rapidly changing creative economy.

Michael Reinking, Senior Market Strategist at the NYSE, recaps a week where the Fed cut rates 25 basis points, lifting markets to record highs. U.S.-China talks, including a framework for a TikTok deal, eased tensions and supported global indices. Strong retail sales added momentum, though not inflation adjusted. Small caps outperformed following the Fed's move. Reinking flags the Trump-Xi call, triple-witching, and PMI and PCE data as next week's key drivers.

Venture capital is evolving as founder become funders, bringing firsthand experience to the investment table. M13 co-founder Carter Reum has helped shape this shift by backing bold ideas and building platforms that support entrepreneurs from seed to scale. He joins Inside the ICE House for breakfast on the balcony above the NYSE trading floor to share his journey from founder to VC leader, the changing dynamics of venture capital, and how he and his team identify the next generation of game-changing companies.

Matt McLennan, Co-Head of Global Value Investing at First Eagle Investments, joins Bilal Little, Director of Exchange Traded Products at the NYSE, to share his path from Australia and Goldman Sachs to leading one of the industry's most respected value teams. He discusses First Eagle's philosophy of resilient wealth creation, with an emphasis on capital preservation, scarcity-driven opportunities, and real assets. McLennan also explores today's challenging macro backdrop of inflation, debt, and geopolitical risk, and why gold remains a critical hedge.

Phil Rosen of Opening Bell Daily returns to Inside the ICE House to break down the Fed's expected rate cut and its broader economic impact. He highlights a 911,000-job downward revision as a warning sign for the labor market and explains why Powell's messaging will be closely watched. Despite soft jobs data, Phil points to strong earnings and AI momentum as key supports for markets. Looking ahead, he cautions that while rate cuts may offer short-term relief, stabilizing the labor market remains the bigger challenge.

The sports media industry is transforming as fans shift to streaming, personalization, and on-demand access. With a vast portfolio of rights, technology, and storytelling, ESPN is redefining how audiences experience live sports and highlights across every screen. Jimmy Pitaro, ESPN's Chairman, goes Inside the ICE House to discuss its direct-to-consumer future, expanded partnerships with the NFL and WWE, and how the network is positioning itself to remain the front door for sports fans in a rapidly changing media landscape.

Eric Criscuolo, Market Strategist at the NYSE, recaps a week of mixed equity performance, with AI and semiconductor stocks leading while Apple lagged. Labor data revisions and rising jobless claims signaled a softer job market, raising Fed policy questions. Inflation data was mixed, with PPI cooling but CPI still elevated. Commodities saw a major copper merger and modest oil gains. Criscuolo flags next week's Fed decision and Powell's press conference as key market drivers.

Enveda Biosciences is using AI to decode nature's vast chemical library and transform it into breakthrough medicines. Founded in 2019 by Viswa Colluru, the company is advancing first-in-class therapies like ENV-294 while cutting the time and cost of drug discovery. Colluru joins Inside the ICE House to share how Enveda is reimagining the playbook for modern medicine and building a healthier future for patients worldwide.

Nimbus Therapeutics is transforming drug discovery with computational chemistry and AI to design small molecules that precisely target disease. CEO Abbas Kazimi, who took the helm in March, is driving a “fail fast” approach that balances discipline with innovation. He joins Inside the ICE House to share how Nimbus is scaling its pipeline and shaping the future of precision medicine.

Michael Reinking, Senior Market Strategist for the NYSE, recaps a choppy week driven by tariff uncertainty, tech earnings misses, and focus on the upcoming jobs report. He notes August ended strong for small and mid-caps, but September's seasonal weakness and rising global yields remain risks. Labor data showed slower hiring and AI-linked layoffs, though productivity gains offered a bright spot. Reinking flags the jobs report, expected Fed rate cuts, and inflation data as key drivers ahead.

AI is revolutionizing pharmaceuticals, moving from a side tool to a core driver of many aspects of the industry. Eli Lilly is leading the way, appointing Thomas Fuchs as its first Chief AI Officer to integrate AI across its pipeline. A NASA and Mount Sinai veteran, Fuchs is turning Lilly's data into a competitive edge. He joins Inside the ICE House to share how Lilly is building the AI-powered medicine company of the future.