Wharton Business Radio Highlights

We often think of competition and collaboration as opposites. But in reality, we frequently do both at the same time. Henning Piezunka, Wharton Associate Professor of Management, explains why competing with someone can fundamentally change how we view and work with them.Piezunka uses World Cup soccer to examine what happens when teammates become opponents, finding that players collaborated less after competing against one another. The research offers surprising lessons for managers dealing with promotions, bonuses and other competitive workplace dynamics. Hosted on Acast. See acast.com/privacy for more information.

What do rising bond yields, new tariffs and soaring AI investment mean for the U.S. economy and financial markets?Wharton Emeritus Professor of Finance and WisdomTree Senior Economist Jeremy Siegel joins the conversation to assess the latest economic and market developments.Siegel discusses the impact of higher tariffs on Canada and Mexico, why rising Treasury yields are signaling concern about U.S. deficits, and why he believes Washington may eventually be forced to take action on fiscal policy.He also weighs in on the resilience of the stock market, the extraordinary performance of AI-related companies, and what could determine whether equities reach new highs in the months ahead. Hosted on Acast. See acast.com/privacy for more information.

The bond market is sending a warning to the Federal Reserve. With long-term yields climbing to levels not seen in decades, questions are mounting about the Fed's ability to control inflation while maintaining market confidence.Wharton Finance Professor Nikolai Roussanov explains why Kevin Warsh's recent messaging has unsettled investors and why the Fed's reaction function may matter more than its guidance on the path of interest rates.Roussanov also examines the tension between monetary and fiscal policy, including whether Treasury efforts to push down long-term yields could undermine the Fed's strategy.As inflation, energy prices and fiscal pressures evolve, the Fed faces a critical test: preserve its 2% inflation target—or risk losing credibility with the bond market. Hosted on Acast. See acast.com/privacy for more information.

What happens when the systems designed to keep our food safe start to break down?Corinne Low, Wharton Associate Professor of Business Economics and Public Policy, argues that food safety is a public good—one that individuals and families simply can't provide for themselves.She explains how reduced staffing, weakened inspections and changes to disease surveillance can leave consumers more vulnerable to foodborne illness.Low also examines what happens when that responsibility gets pushed onto parents, and why trusting companies to regulate themselves isn't enough.The result is a larger question about government, business and the basic protections consumers should be able to count on. Hosted on Acast. See acast.com/privacy for more information.

AI is advancing rapidly—but who is responsible when the risks become too big to ignore?Peter Conti-Brown, Professor at the Wharton School, explores whether the banking system offers a useful model for supervising powerful AI companies.Rather than relying solely on rules written years in advance, bank supervision involves ongoing conversations between public officials and private institutions to identify and manage emerging risks.Conti-Brown discusses how AI stress tests could work, what might happen if powerful models are hijacked or misused, and why consumers could ultimately end up holding the bag when things go wrong. Hosted on Acast. See acast.com/privacy for more information.

Why are more young Americans turning to entrepreneurship, and what role will AI play?Lori Rosenkopf, Vice Dean of Entrepreneurship at the Wharton School, explores how Gen Z's shifting expectations, a tougher entry-level job market, and the desire for flexibility are reshaping career paths. She also examines how AI tools are making it easier to turn ideas into products while intensifying competition, and what venture capital, failure, the creator economy, and programs like VentureLab can teach aspiring founders. Hosted on Acast. See acast.com/privacy for more information.

As AI becomes more powerful, who should be responsible for governing it?Kevin Werbach, Wharton Professor and Chair of Legal Studies and Business Ethics, explores the growing challenges of AI governance, from accountability and safety to the difficulty of creating effective regulations across countries. He explains why AI companies can't be expected to regulate themselves and why governments need to play a more constructive role in managing the risks of increasingly powerful AI. Hosted on Acast. See acast.com/privacy for more information.

What happens to your 401(k) if the stock market drops 25%, and would the government step in to help?Nikolai Roussanov, finance professor at the Wharton School, explains the real risks behind modern retirement investing and why volatility is built into the system.From the 1987 crash to COVID-19, he breaks down how markets recover, why long term investors tend to win, and why bailouts are more likely to support companies, not individual portfolios. If you're relying on a 401(k), this episode will reshape how you think about risk, recovery, and protection. Hosted on Acast. See acast.com/privacy for more information.

Artificial intelligence is reshaping work, but human ideas remain essential. Henning Piezunka, Associate Professor of Management at the Wharton School, explains how organizations can combine AI with collective intelligence to accelerate innovation, improve learning, and help employees turn ideas into action.He also explores AI's role as a substitute, collaborator, and training tool, along with the business case for adoption and the organizational changes leaders will need to make. Hosted on Acast. See acast.com/privacy for more information.

Could rising oil prices, interest-rate uncertainty, and massive AI spending change the market outlook?Jeremy Siegel, Wharton Emeritus Professor of Finance, examines how energy supply disruptions could affect inflation and growth, what the Federal Reserve may do next on interest rates, why Wall Street is scrutinizing AI infrastructure spending, and how tariffs and demographic change could shape the broader economy. Hosted on Acast. See acast.com/privacy for more information.

Prediction markets are becoming an increasingly visible part of sports, politics, business, and culture. But what makes them different from traditional betting?Abraham Wyner, Wharton Professor of Statistics and Data Science and Co-Director of the Wharton Sports Analytics and Business Initiative, explains the wisdom-of-crowds theory behind prediction markets, how these platforms make money, and why their structure creates a different relationship between bettors and the market. He also examines regulation, the risks of gambling, and whether prediction markets and sportsbooks can continue growing alongside one another. Hosted on Acast. See acast.com/privacy for more information.

The chief revenue officer is no longer just a sales leader.Raghu Iyengar, Wharton Marketing Professor and Academic Director of Wharton's Chief Revenue Officer Program, explains why companies are turning to CROs to align sales, marketing, product, finance, and growth around a single revenue strategy.He also discusses how AI is raising the stakes for revenue leaders, why a holistic view of the organization matters, and how the role will continue to evolve as new sources of revenue emerge. Hosted on Acast. See acast.com/privacy for more information.

The biggest marketing wins at the World Cup did not always come from official sponsors.Americus Reed, The Whitney M. Young Jr. Professor of Marketing at Wharton and co-host of Marketing Matters, examines how brands connected with fans during one of the world's largest cultural events.He discusses the power of iconic brands, social sharing, earned media, culturally relevant advertising, and creative ways companies can become part of the conversation beyond traditional sponsorship. Hosted on Acast. See acast.com/privacy for more information.

Social Security's main trust fund could be depleted by early 2033, leaving incoming payroll taxes sufficient to cover only about 86% of scheduled benefits.Kent Smetters, Wharton Professor of Business Economics and Public Policy and Faculty Director of the Penn Wharton Budget Model, explains why the program is approaching a critical funding deadline and what it could mean for current and future retirees.He also discusses the impact of falling birth rates and longer lifespans, why delaying reform makes the eventual solution more difficult, and the policy options Congress could consider to strengthen Social Security. Hosted on Acast. See acast.com/privacy for more information.

What happens when companies move AI from a promising experiment into everyday operations and the technology starts making costly mistakes?Santiago Gallino, Associate Professor of Operations, Information and Decisions and Associate Professor of Marketing at the Wharton School, examines why companies such as Starbucks and Ford have reconsidered AI-driven processes after accuracy and quality problems exposed the technology's limitations.Gallino explains how unreliable systems can erode employee trust, why human judgment remains essential, and how implementation failures can affect customers and brand reputation. He also discusses the risks of scaling AI too quickly and why companies must determine whether their technology investments deliver meaningful customer value and measurable returns. Hosted on Acast. See acast.com/privacy for more information.

Big companies need innovation, while startups need capital, customers and opportunities to prove their ideas work.Wharton Professor of Operations, Information and Decisions and Senior Vice Dean of Innovation Serguei Netessine explains how corporate venturing is evolving beyond traditional investment models. He explores the rise of venture building and venture clienting, why becoming a startup's customer can be more valuable than simply investing in it, and how these partnerships can help established companies innovate faster while giving startups a path to scale. Hosted on Acast. See acast.com/privacy for more information.

A new bipartisan housing bill promises to tackle America's affordability crisis, but will it actually make housing more accessible?Wharton Professor of Real Estate Ben Keys examines the Road to Housing bill and its potential to address the rising cost of buying and renting a home. He discusses proposals to streamline permitting and environmental reviews, expand manufactured housing and small dollar financing, and support home repairs and local innovation. Keys also explains why limits on corporate homebuyers could have unintended consequences and why funding constraints, tariffs, labor shortages, and high mortgage rates could limit the bill's near term impact. Hosted on Acast. See acast.com/privacy for more information.

Innovation isn't just about breakthrough technologies. It's about building the institutions that allow those breakthroughs to scale.David Hsu, Wharton Professor of Management, explores how the United States has repeatedly reinvented the way innovation works, from the patent system and Bell Labs to venture capital and today's AI ecosystem. He explains why commercialization, institutional design, and effective regulation have been just as important as invention itself, and what lessons they offer for the future of artificial intelligence and entrepreneurship. Hosted on Acast. See acast.com/privacy for more information.

Henning Piezunka, Associate Professor of Management at the Wharton School, explores how competition in the AI industry can shift from healthy rivalry to destructive behavior, discusses the psychology behind executive decision-making, explains why successful organizations balance competition with collaboration, and shares insights from research spanning business, sports, and innovation ecosystems. Hosted on Acast. See acast.com/privacy for more information.

Jeremy Siegel, Wharton Emeritus Professor and Senior Economist at WisdomTree, discusses Alan Greenspan's lasting impact on monetary policy, reflects on the lessons of the 2008 financial crisis, analyzes Federal Reserve Chair Kevin Warsh's early leadership, and explains why more forward-looking economic data could shape future interest rate decisions while also revisiting the long-term economic effects of Brexit. Hosted on Acast. See acast.com/privacy for more information.

Itay Goldstein, Professor of Finance at the Wharton School, discusses the growing concerns surrounding private credit markets, including liquidity mismatches, valuation uncertainty, investor redemptions, AI-driven pressures on software borrowers, and the potential systemic risks posed by connections to banks and insurance companies. Hosted on Acast. See acast.com/privacy for more information.

Peter Capelli, Professor of Management at the Wharton School, examines the resurgence of "peanut butter" raises, exploring how companies distribute limited pay increases, the impact of inflation on employee compensation, and the tradeoffs between rewarding top performers and maintaining workforce morale. Hosted on Acast. See acast.com/privacy for more information.

David Hsu, Wharton Management Professor, discusses SpaceX's $2 trillion valuation, the role of Starlink, launch services, and AI in driving investor enthusiasm, the influence of Elon Musk's leadership, and what the company's success means for the future of the global space economy. Hosted on Acast. See acast.com/privacy for more information.

Courtney Wiegand, Wharton Assistant Professor of Finance, explains her research on how fiscal policy shocks and shifting deficit expectations affect bond markets, inflation, monetary policy interactions, and the long-term implications of congressional budget decisions for financial markets. Hosted on Acast. See acast.com/privacy for more information.

Michael Platt, Wharton Professor of Marketing, Psychology & Neuroscience, discusses his research on brain-based performance metrics, explaining how focus, confidence, and mental fatigue can be measured to improve athlete selection, training, and development, while also revealing applications for business leadership, cybersecurity, and other high-pressure professions. Hosted on Acast. See acast.com/privacy for more information.

Ken Shropshire, Wharton Emeritus Prof. of Legal Studies & Business Ethics and Strategic Advisor to 76 Capital, examines the NFL's history of racial equity in hiring, assess the successes and shortcomings of the Rooney Rule, and explore how Brian Flores' discrimination lawsuit could influence the future of coaching opportunities and hiring practices across the league. Hosted on Acast. See acast.com/privacy for more information.

Stefano Puntoni, Wharton Marketing Professor, discusses the biggest AI developments of the past year, including advances in model capabilities, the emergence of AI agents, growing enterprise investment, regulatory considerations, and the technology's potential impact on business, consumers, and society. Hosted on Acast. See acast.com/privacy for more information.

Jeremy Siegel, Wharton Emeritus Professor of Finance and Chief Economist at WisdomTree, examines the market rally fueled by AI stocks, the economic impact of rising oil prices and tensions with Iran, the outlook for Federal Reserve policy under Kevin Warsh, and the mixed legacy of Fed Chair Jerome Powell. Hosted on Acast. See acast.com/privacy for more information.

Patrick Harker, Wharton Professor of Operations, Information, and Decisions, and former President of the Philadelphia Federal Reserve Bank, reflects on Jerome Powell's tenure leading the Federal Reserve through the pandemic, inflation concerns, and political pressure, while also examining what Kevin Warsh's leadership could mean for monetary policy, Fed independence, and the U.S. economy moving forward. Hosted on Acast. See acast.com/privacy for more information.

Dr. Americus Reed, II, Wharton Marketing Professor, discusses the principles of identity marketing, explaining how brands can navigate aspiration, authenticity, generational differences, and consumer self-expression in a culture increasingly influenced by social media, wearable technology, and evolving personal identities. Hosted on Acast. See acast.com/privacy for more information.

Kevin Kaiser, Wharton Adjunct Full Professor of Finance, explores how cities like Philadelphia are preparing for the influx of global soccer fans during the World Cup, examining transportation, hospitality, public safety, sports culture, and the long-term branding impact for the United States and its host cities. Hosted on Acast. See acast.com/privacy for more information.

Peter Cappelli, Wharton Professor of Management, discusses why artificial intelligence has yet to significantly replace jobs, how companies are navigating AI investments and organizational change, and what new graduates should understand about the evolving workforce and productivity landscape. Hosted on Acast. See acast.com/privacy for more information.

Matthew Bidwell, Professor of Management at the Wharton School, explores the realities of job hopping, the importance of adaptability and skill-building early in a career, and how economic conditions and AI may shape career decisions for new graduates entering the workforce. Hosted on Acast. See acast.com/privacy for more information.

Robert Inman, Wharton Professor Emeritus of Finance, discusses how land value taxation, inspired by economist Henry George and successfully implemented in cities like Pittsburgh, could provide New York City with a more sustainable way to raise revenue without discouraging investment, housing development, or business growth. Hosted on Acast. See acast.com/privacy for more information.

Corinne Low, Wharton Associate Professor of Business Economics and Public Policy, discusses how rising costs, persistent gender inequalities, and emerging AI-driven labor shifts are intensifying pressures on working mothers and reshaping economic and household roles. Hosted on Acast. See acast.com/privacy for more information.

Stefano Puntoni, Wharton Marketing Professor and co-director of the Wharton Human-AI Research Program, discusses how AI-driven search, discovery, and autonomous agents are transforming marketing, consumer behavior, and the balance between human and machine decision-making. Hosted on Acast. See acast.com/privacy for more information.

Sarah Light, Wharton Professor of Legal Studies and Business Ethics, examines how efforts to repeal the EPA's endangerment finding under the Clean Air Act could limit federal regulatory authority while opening the door to expanded state-level nuisance lawsuits against power plants and fossil fuel companies. Hosted on Acast. See acast.com/privacy for more information.

Jeremy Siegel, Wharton Emeritus Professor of Finance and Senior Economist at WisdomTree, explains how Iran-related tensions, Federal Reserve uncertainty, and continued AI sector expansion are influencing market resilience, investor sentiment, and the outlook for interest rates and equities. Hosted on Acast. See acast.com/privacy for more information.

Arthur van Benthem, Wharton Professor of Business, Economics and Public Policy examines how European Union land protection policies—despite meeting ambitious coverage targets—may fall short in delivering meaningful biodiversity and ecosystem restoration impacts. Hosted on Acast. See acast.com/privacy for more information.

Emilie Feldman, Wharton Professor of Management, discusses how reverse Morris Trust transactions influence merger strategy, tax efficiency, and value creation through scale-driven synergies. Hosted on Acast. See acast.com/privacy for more information.

Lynn Wu, Associate Professor of Operations, Information and Decisions at the Wharton School, discusses how AI is driving a shift in blue-collar work, reshaping job responsibilities, and creating new opportunities for human judgment, adaptability, and problem-solving in an evolving workforce. Hosted on Acast. See acast.com/privacy for more information.

Ben Keys, Wharton Professor of Real Estate, discusses new research revealing how credit scores can impact homeowners insurance premiums more than climate risk, raising important questions about fairness, policy, and financial inequality. Hosted on Acast. See acast.com/privacy for more information.

Z. John Zhang, Wharton Professor of Marketing, discusses how brands like Wawa scale beyond their regional roots by leveraging innovation, customer loyalty, and strategic expansion into competitive new markets. Hosted on Acast. See acast.com/privacy for more information.

Angela Duckworth, Wharton Professor of Operations, Information and Decisions and Co-Director of the Behavior Change for Good Initiative, discusses new findings from the Phones in Focus study on how school phone restrictions influence academic engagement, teacher satisfaction, and student wellbeing. Hosted on Acast. See acast.com/privacy for more information.

Stefano Puntoni, Wharton Professor of Marketing, analyzes how OpenAI, Google, and Anthropic are pursuing distinct business models and growth strategies to compete in the rapidly evolving artificial intelligence market. Hosted on Acast. See acast.com/privacy for more information.

Jeremy Siegel, Emeritus Professor of Finance at the Wharton School and Senior Economist at WisdomTree, discusses how the Iran conflict, Federal Reserve decisions, and artificial intelligence are shaping market performance and long-term economic expectations. Hosted on Acast. See acast.com/privacy for more information.

Philip Nichols, Wharton Professor of Legal Studies & Business Ethics, explains how Iran has built a complex and adaptive banking and payments infrastructure under decades of sanctions while exploring its future in an evolving global financial system. Hosted on Acast. See acast.com/privacy for more information.

Nancy Rothbard, Deputy Dean and Professor of Management at the Wharton School, joins the show to examine how leaders respond to intensifying workplace disruption. The conversation covers decision bottlenecks, delegation, emotional regulation, and sustaining performance under pressure. Rothbard also discusses Wharton's Owner/President and CEO Program, which helps executives strengthen strategy and succession planning. Learn more at: whartonopc.com Hosted on Acast. See acast.com/privacy for more information.

David Zaring, Professor of Legal Studies and Business Ethics at the Wharton School, joins the show to explain the Federal Reserve's consideration of a “skinny” master account for nonbank financial firms. The conversation covers payment rails, regulatory oversight, competition with traditional banks, and the implications for community lenders and financial stability. They also examine potential litigation and legislative responses. Hosted on Acast. See acast.com/privacy for more information.

Zeke Emanuel, Vice Provost for Global Initiatives at the Wharton School, joins the show to discuss recent reforms at the Centers for Medicare and Medicaid Services. The conversation covers site-neutral payments, strengthening primary care compensation, innovation models, and efforts to address waste and Medicare Advantage risk adjustment. They also examine the broader fiscal and policy implications for the $1.7 trillion agency. Hosted on Acast. See acast.com/privacy for more information.

Kent Smetters, Faculty Director of the Penn Wharton Budget Model and Professor of Business Economics and Public Policy at the Wharton School, breaks down the projected budgetary costs of conflict with Iran, estimates potential GDP losses driven by higher oil prices, and explains how supply shocks could influence inflation and Federal Reserve decision-making. Hosted on Acast. See acast.com/privacy for more information.