Podcasts about Neuberger

Japanese equities have undergone one of the most significant re-ratings in the developed world — but the story is evolving. The early phase was about leaner balance sheets and better capital management. Now, under Prime Minister Sanae Takaichi, the focus has shifted to earnings growth itself, and markets have responded in turn. Yet foreign inflows remain well below the Abenomics era peak, suggesting room to run.   On this episode of Disruptive Forces, host Anu Rajakumar speaks with Kei Okamura, Portfolio Manager on Neuberger's Japan Equity team. Together, they discuss: Why Japan's reform story has moved from balance sheets to the numerator — earnings growth How Prime Minister Takaichi's 17 priority sub-sectors are reshaping the investment landscape Where AI shows up in Japan beyond the obvious chip names — from electrical construction to battery technology Why governance quality is increasingly separating winners from laggards What it will take for underweight US institutional investors to move off the sidelines     This communication is provided for informational and educational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. Information is obtained from sources deemed reliable, but there is no representation or warranty as to its accuracy, completeness or reliability. This communication is not directed at any investor or category of investors and should not be regarded as investment advice or a suggestion to engage in or refrain from any investment-related course of action. Neuberger is not providing this material in a fiduciary capacity and has a financial interest in the sale of its products and services. Investment decisions should be made based on an investor's individual objectives and circumstances and in consultation with his or her advisors. All information is current as of the date of this material and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Neuberger products and services may not be available in all jurisdictions or to all client types. This material is not intended as a formal research report and should not be relied upon as a basis for making an investment decision. The firm, its employees and advisory accounts may hold positions of any companies discussed. This material may include estimates, outlooks, projections and other "forward-looking statements." Due to a variety of factors, actual events or market behavior may differ significantly from any views expressed. Investing entails risks, including possible loss of principal. Indexes are unmanaged and are not available for direct investment. Past performance is no guarantee of future results.   Use of Artificial Intelligence Tools. Neuberger may utilize AI tools in its business operations to improve operational efficiency and for assistance in research and analyzing data among other uses. AI tools are dependent on historical data, consequently, if the content or analyses that AI applications assist Neuberger in producing are or are alleged to be deficient, inaccurate, or biased, a client account may be adversely affected. Additionally, AI tools used by Neuberger may produce inaccurate, misleading or incomplete responses that could lead to errors in Neuberger's and its employees' judgement, decision-making, investment research or other business activities, which could have a negative impact on the performance of a client account. The application of AI in investment processes, research, or analysis is evolving and subject to limitations, including data quality, algorithmic biases, and interpretive errors. AI outputs should not be relied upon as the sole basis for investment decisions. No assurance is given regarding the accuracy, completeness, or timeliness of information generated by AI.   This material is being issued on a limited basis through various global subsidiaries and affiliates of Neuberger Berman Group LLC. Please visit www.nb.com/disclosure-global-communications for the specific entities and jurisdictional limitations and restrictions. The "Neuberger" name and logo are service marks of Neuberger Berman Group LLC.   © 2026 Neuberger Berman Group LLC. All rights reserved. M-004634

Le forti oscillazioni dei titoli legati all'intelligenza artificiale hanno recentemente scosso gli investitori. Ma quello che stiamo osservando è una correzione, non un crollo.  In questa puntata vi spieghiamo il perché, e la nostra lettura di quello che sta succedendo davvero.   Questi podcast includono commenti generali di mercato, contenuti formativi di carattere generale sugli investimenti e informazioni generali su Neuberger. I podcast sono solo a scopo informativo e nulla qui presente costituisce una consulenza in materia di investimenti, legale, contabile o fiscale o una raccomandazione per l'acquisto, la vendita o la detenzione di un titolo.  I dati economici e di mercato sono forniti da FactSet, salvo diversa indicazione. Il presente materiale è fornito esclusivamente a scopi informativi e didattici e non costituisce in alcun modo consulenza in materia di investimenti, legale, contabile o fiscale. Il presente materiale ha carattere generale e non è indirizzato a specifiche categorie di investitori; non deve pertanto essere interpretato come personalizzato, né come una raccomandazione, una consulenza in materia di investimenti o un suggerimento a intraprendere o astenersi da qualsiasi operazione di investimento. Le decisioni di investimento e la valutazione dell'adeguatezza del presente materiale devono essere effettuate in base agli obiettivi e alle circostanze individuali dell'investitore e in consultazione con i propri consulenti. Le informazioni sono ottenute da fonti ritenute affidabili, ma non viene rilasciata alcuna dichiarazione o garanzia in merito alla loro accuratezza, completezza o affidabilità. Tutte le informazioni sono aggiornate alla data del presente materiale e sono soggette a modifiche senza preavviso. La società, i suoi dipendenti e i conti di gestione possono detenere posizioni in qualsiasi società menzionata. Le opinioni e i punti di vista espressi potrebbero non riflettere quelli della società nel suo complesso. I prodotti e i servizi di Neuberger potrebbero non essere disponibili in tutte le giurisdizioni o per tutte le tipologie di clienti. I punti di vista qui espressi comprendono quelli dell'Asset Allocation Committee di Neuberger, composto da professionisti appartenenti a diverse discipline, tra cui strategist azionari e obbligazionari e portfolio manager. L'Asset Allocation Committee esamina e definisce i modelli di asset allocation a lungo termine, stabilisce le allocazioni tattiche preferite a breve termine per le principali classi di attivo e, su richiesta, esamina le allocazioni di portafoglio per mandati ampi e diversificati. Le indicazioni di asset allocation tattica si basano su un portafoglio di riferimento ipotetico. I punti di vista e le raccomandazioni dell'Asset Allocation Committee potrebbero non riflettere la posizione della società nel suo complesso; i consulenti e i portfolio manager di Neuberger possono raccomandare o assumere posizioni contrarie rispetto ai punti di vista e alle raccomandazioni dell'Asset Allocation Committee. I punti di vista dell'Asset Allocation Committee non costituiscono una previsione o una proiezione di eventi futuri o dell'andamento futuro dei mercati. Il presente materiale può includere stime, prospettive, proiezioni e altre "dichiarazioni previsionali". A causa di una molteplicità di fattori, gli eventi effettivi o l'andamento dei mercati potrebbero differire significativamente dai punti di vista espressi. L'attività di investimento comporta rischi, inclusa la possibile perdita del capitale investito. Gli investimenti in hedge fund e private equity sono di natura speculativa e comportano un grado di rischio più elevato rispetto agli investimenti tradizionali. Gli investimenti in hedge fund e private equity sono destinati esclusivamente a investitori qualificati. Gli indici non sono gestiti e non sono disponibili per l'investimento diretto. I risultati passati non costituiscono garanzia di risultati futuri. Il presente materiale è distribuito su base limitata attraverso diverse società controllate e affiliate di Neuberger Berman Group LLC a livello globale. Si prega di visitare www.nb.com/disclosure-global-communications per consultare l'elenco delle entità specifiche nonché le limitazioni e le restrizioni applicabili nelle singole giurisdizioni. Il nome "Neuberger " e il relativo logo sono marchi di servizio registrati di Neuberger Berman Group LLC. © 2026 Neuberger Berman Group LLC. Tutti i diritti riservati. 

In this conversation, Anne Neuberger, former U.S. Deputy National Security Advisor for Cyber and Emerging Technology, currently General Partner and Head of Global Affairs at venture capital powerhouse Andreessen Horowitz, joins What's Your Number hosts Yael Wissner Levy and Yonatan Adiri to discuss how AI, cyber warfare, drones, and defense tech are reshaping geopolitics. As technology, commercial investment, and national security become increasingly intertwined, what will determine which countries, and which companies, thrive in this new era and how core values determine their use. ___ Subscribe here to: What's Your Number? ___ Call Me Back is made possible by our subscribers. If these conversations are where you turn to understand Israel and the Jewish world, consider joining them. It's what keeps this show going. Become a Subscriber - Inside Call me Back ____ In this episode: - The new ingredients of national power - Why supply chains became a national security issue - The AI debate between Washington and Silicon Valley - What Israel and Ukraine teach the world about defense tech - Is the U.S.-Israel alliance changing? - Can Israel withstand growing divestment pressure? - The next breakthroughs in AI and cyber - Personal lessons learned from history from the Holocaust to Entebbe  More Ark Media: Want to join Ark Media? Check out our careers page for new openings. Explore Israel Votes Listen to Ark News Daily Listen to For Heaven's Sake Newsletters | Ark Media | Amit Segal | Nadav Eyal Instagram | Ark Media | Dan X | Dan Dan Senor & Saul Singer's book, The Genius of Israel Get in touch Credits: Ilan Benatar, Ryan Lohr, Beth Pearlman, Brittany Cohen, Ava Weiner, Martin Huergo, Mariangeles Burgos, and Yuval Semo

In this conversation, Anne Neuberger, former U.S. Deputy National Security Advisor for Cyber and Emerging Technology, currently General Partner and Head of Global Affairs at venture capital powerhouse Andreessen Horowitz, joins What's Your Number hosts Yael Wissner Levy and Yonatan Adiri to discuss how AI, cyber warfare, drones, and defense tech are reshaping geopolitics. As […]

The Information's Leo Schwartz talks with TITV Host Akash Pasricha about US chip export investigations into Chinese AI lab Moonshot. We also talk with Neuberger's Dan Flax about Alphabet's growing AI CapEx, Gerber Kawasaki CEO Ross Gerber about Tesla's manufacturing and AI costs and Crypto Reporter Yueqi Yang about Stripe's latest financials. Lastly, we speak with San Francisco Bureau Chief Jason Dean about Anthropic's pre-IPO employee stock plan.Articles discussed on this episode: https://www.theinformation.com/articles/u-s-investigates-chinese-ai-companies-access-chips-amid-moonshot-accusationshttps://www.theinformation.com/articles/anthropic-considers-unusual-plan-employee-stock-sales-goes-publichttps://www.theinformation.com/articles/stripe-minted-3-2-billion-cash-2025-setting-acquisition-huntSubscribe: YouTube: https://www.youtube.com/@theinformation The Information: https://www.theinformation.com/subscribe_hSign up for the AI Agenda newsletter: https://www.theinformation.com/features/ai-agendaTITV airs weekdays on YouTube, X and LinkedIn at 10AM PT / 1PM ET. Or check us out wherever you get your podcasts.Follow us:X: https://x.com/theinformationIG: https://www.instagram.com/theinformation/TikTok: https://www.tiktok.com/@titv.theinformationLinkedIn: https://www.linkedin.com/company/theinformation/Chapters:00:00 - Introduction  00:01 - US Investigates Moonshot AI's Nvidia Chip Use  00:15 - Alphabet & Tesla's AI CapEx Spikes Unnerve Investors  00:38 - Stripe's Financial Secrets & Acquisition Strategy  00:47 - Anthropic's Unusual Pre-IPO Stock Plan for Employees

Most contractors are stuck on the bid list and don't know it. They tell themselves they're a preferred contractor. The numbers say otherwise. In this episode, Matthew Neuberger of Neuberger and Company joins Eric to break down why business development inside most construction companies fails, and the simple system that fixes it. Matthew runs a Sandler training franchise focused on contractors, so he sees this every day. What you'll learn: Why 60 to 70 percent of a growing contractor's revenue comes from inbound calls, not bid invitations The three-part business development system: owner list, contact cadence, weekly review The four signals that tell you which owners belong on your list Why a CRM and a LinkedIn presence are not business development How to use Eric's EAR framework to make BD accountability stick Matthew is offering a free business development assessment that pinpoints where your process is leaking revenue. Free Assessment: https://neuberger-sandler-22152421.hs-sites.com/tcc-eval-form Connect with Matthew Neuberger on LinkedIn: https://www.linkedin.com/in/neubergerco/  

In un contesto caratterizzato da diversi rischi macroeconomici, gli investitori confidano quasi esclusivamente negli utili per sostenere il rialzo dei mercati azionari. Non c'è però spazio per possibili sorprese negative. Le aspettative salgono quasi ogni giorno, in vista delle prossime trimestrali e il mercato si trova in una situazione scomoda. Un risultato semplicemente buono non basta più. Scopriamo perché, e cosa significa per i portafogli azionari.   Questi podcast includono commenti generali di mercato, contenuti formativi di carattere generale sugli investimenti e informazioni generali su Neuberger. I podcast sono solo a scopo informativo e nulla qui presente costituisce una consulenza in materia di investimenti, legale, contabile o fiscale o una raccomandazione per l'acquisto, la vendita o la detenzione di un titolo.  I dati economici e di mercato sono forniti da FactSet, salvo diversa indicazione. Il presente materiale è fornito esclusivamente a scopi informativi e didattici e non costituisce in alcun modo consulenza in materia di investimenti, legale, contabile o fiscale. Il presente materiale ha carattere generale e non è indirizzato a specifiche categorie di investitori; non deve pertanto essere interpretato come personalizzato, né come una raccomandazione, una consulenza in materia di investimenti o un suggerimento a intraprendere o astenersi da qualsiasi operazione di investimento. Le decisioni di investimento e la valutazione dell'adeguatezza del presente materiale devono essere effettuate in base agli obiettivi e alle circostanze individuali dell'investitore e in consultazione con i propri consulenti. Le informazioni sono ottenute da fonti ritenute affidabili, ma non viene rilasciata alcuna dichiarazione o garanzia in merito alla loro accuratezza, completezza o affidabilità. Tutte le informazioni sono aggiornate alla data del presente materiale e sono soggette a modifiche senza preavviso. La società, i suoi dipendenti e i conti di gestione possono detenere posizioni in qualsiasi società menzionata. Le opinioni e i punti di vista espressi potrebbero non riflettere quelli della società nel suo complesso. I prodotti e i servizi di Neuberger potrebbero non essere disponibili in tutte le giurisdizioni o per tutte le tipologie di clienti. I punti di vista qui espressi comprendono quelli dell'Asset Allocation Committee di Neuberger, composto da professionisti appartenenti a diverse discipline, tra cui strategist azionari e obbligazionari e portfolio manager. L'Asset Allocation Committee esamina e definisce i modelli di asset allocation a lungo termine, stabilisce le allocazioni tattiche preferite a breve termine per le principali classi di attivo e, su richiesta, esamina le allocazioni di portafoglio per mandati ampi e diversificati. Le indicazioni di asset allocation tattica si basano su un portafoglio di riferimento ipotetico. I punti di vista e le raccomandazioni dell'Asset Allocation Committee potrebbero non riflettere la posizione della società nel suo complesso; i consulenti e i portfolio manager di Neuberger possono raccomandare o assumere posizioni contrarie rispetto ai punti di vista e alle raccomandazioni dell'Asset Allocation Committee. I punti di vista dell'Asset Allocation Committee non costituiscono una previsione o una proiezione di eventi futuri o dell'andamento futuro dei mercati. Il presente materiale può includere stime, prospettive, proiezioni e altre "dichiarazioni previsionali". A causa di una molteplicità di fattori, gli eventi effettivi o l'andamento dei mercati potrebbero differire significativamente dai punti di vista espressi. L'attività di investimento comporta rischi, inclusa la possibile perdita del capitale investito. Gli investimenti in hedge fund e private equity sono di natura speculativa e comportano un grado di rischio più elevato rispetto agli investimenti tradizionali. Gli investimenti in hedge fund e private equity sono destinati esclusivamente a investitori qualificati. Gli indici non sono gestiti e non sono disponibili per l'investimento diretto. I risultati passati non costituiscono garanzia di risultati futuri. Il presente materiale è distribuito su base limitata attraverso diverse società controllate e affiliate di Neuberger Berman Group LLC a livello globale. Si prega di visitare www.nb.com/disclosure-global-communications per consultare l'elenco delle entità specifiche nonché le limitazioni e le restrizioni applicabili nelle singole giurisdizioni. Il nome "Neuberger " e il relativo logo sono marchi di servizio registrati di Neuberger Berman Group LLC. © 2026 Neuberger Berman Group LLC. Tutti i diritti riservati. 

Waiting is one of the hardest parts of following God—but it shouldn't be spent twiddling our thumbs. During our Youth Takeover service, Neil Neuberger shares how the story of Joseph reminds us that God is working even when we can't see it. Learn how to actively wait and trust God's timing. You just might discover that the season you're in today is preparing you for what He has planned tomorrow.

At the end of last year, Neuberger's investment leaders laid out five themes to guide investors through 2026. Since then, a regional war in the Middle East and a global oil shock have reshaped the macro landscape — testing some calls while reinforcing others. Policy divergence has exploded wider. The AI buildout has accelerated beyond expectations. And markets are navigating a frothier, more dispersed environment heading into the second half. On this episode of Disruptive Forces, host Anu Rajakumar is joined by Shannon Saccocia, Chief Investment Officer, Wealth, and Jeff Blazek, Co-Chief Investment Officer, Multi-Asset, for a candid mid-year assessment. Together, they discuss: Why the policy divergence call earned top marks, and how a new Fed chair complicates the outlook How AI spending surpassed even bullish expectations, with hyperscaler CapEx now exceeding $800 billion What went wrong with the long-rates thesis and why not all duration is created equal Where equity broadening is showing up (and where it isn't) Why being a liquidity provider in private markets continues to be rewarded How investors should think about dispersion, discipline, and positioning for the second half   This communication is provided for informational and educational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. Information is obtained from sources deemed reliable, but there is no representation or warranty as to its accuracy, completeness or reliability. This communication is not directed at any investor or category of investors and should not be regarded as investment advice or a suggestion to engage in or refrain from any investment-related course of action. Neuberger is not providing this material in a fiduciary capacity and has a financial interest in the sale of its products and services. Investment decisions should be made based on an investor's individual objectives and circumstances and in consultation with his or her advisors. All information is current as of the date of this material and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Neuberger products and services may not be available in all jurisdictions or to all client types. This material is not intended as a formal research report and should not be relied upon as a basis for making an investment decision. The firm, its employees and advisory accounts may hold positions of any companies discussed. This material may include estimates, outlooks, projections and other "forward-looking statements." Due to a variety of factors, actual events or market behavior may differ significantly from any views expressed. Investing entails risks, including possible loss of principal. Indexes are unmanaged and are not available for direct investment. Past performance is no guarantee of future results. Use of Artificial Intelligence Tools. Neuberger may utilize AI tools in its business operations to improve operational efficiency and for assistance in research and analyzing data among other uses. AI tools are dependent on historical data, consequently, if the content or analyses that AI applications assist Neuberger in producing are or are alleged to be deficient, inaccurate, or biased, a client account may be adversely affected. Additionally, AI tools used by Neuberger may produce inaccurate, misleading or incomplete responses that could lead to errors in Neuberger's and its employees' judgement, decision-making, investment research or other business activities, which could have a negative impact on the performance of a client account. The application of AI in investment processes, research, or analysis is evolving and subject to limitations, including data quality, algorithmic biases, and interpretive errors. AI outputs should not be relied upon as the sole basis for investment decisions. No assurance is given regarding the accuracy, completeness, or timeliness of information generated by AI. This material is being issued on a limited basis through various global subsidiaries and affiliates of Neuberger Berman Group LLC. Please visit www.nb.com/disclosure-global-communications for the specific entities and jurisdictional limitations and restrictions. The "Neuberger" name and logo are registered service marks of Neuberger Berman Group LLC. © 2026 Neuberger Berman Group LLC. All rights reserved. M-003555  

Un periodo record di nuovi debutti in Borsa sta mettendo alla prova i principi della democrazia azionaria. Mentre i fondatori cercano di mantenere un controllo sempre più stretto sulle rispettive società e i regolatori si orientano sempre più a favore dei vertici aziendali, le scelte di governance compiute oggi hanno implicazioni rilevanti e di lungo periodo per i mercati quotati.   Questi podcast includono commenti generali di mercato, contenuti formativi di carattere generale sugli investimenti e informazioni generali su Neuberger. I podcast sono solo a scopo informativo e nulla qui presente costituisce una consulenza in materia di investimenti, legale, contabile o fiscale o una raccomandazione per l'acquisto, la vendita o la detenzione di un titolo. I dati economici e di mercato sono forniti da FactSet, salvo diversa indicazione. Il presente materiale è fornito esclusivamente a scopi informativi e didattici e non costituisce in alcun modo consulenza in materia di investimenti, legale, contabile o fiscale. Il presente materiale ha carattere generale e non è indirizzato a specifiche categorie di investitori; non deve pertanto essere interpretato come personalizzato, né come una raccomandazione, una consulenza in materia di investimenti o un suggerimento a intraprendere o astenersi da qualsiasi operazione di investimento. Le decisioni di investimento e la valutazione dell'adeguatezza del presente materiale devono essere effettuate in base agli obiettivi e alle circostanze individuali dell'investitore e in consultazione con i propri consulenti. Le informazioni sono ottenute da fonti ritenute affidabili, ma non viene rilasciata alcuna dichiarazione o garanzia in merito alla loro accuratezza, completezza o affidabilità. Tutte le informazioni sono aggiornate alla data del presente materiale e sono soggette a modifiche senza preavviso. La società, i suoi dipendenti e i conti di gestione possono detenere posizioni in qualsiasi società menzionata. Le opinioni e i punti di vista espressi potrebbero non riflettere quelli della società nel suo complesso. I prodotti e i servizi di Neuberger potrebbero non essere disponibili in tutte le giurisdizioni o per tutte le tipologie di clienti. I punti di vista qui espressi comprendono quelli dell'Asset Allocation Committee di Neuberger, composto da professionisti appartenenti a diverse discipline, tra cui strategist azionari e obbligazionari e portfolio manager. L'Asset Allocation Committee esamina e definisce i modelli di asset allocation a lungo termine, stabilisce le allocazioni tattiche preferite a breve termine per le principali classi di attivo e, su richiesta, esamina le allocazioni di portafoglio per mandati ampi e diversificati. Le indicazioni di asset allocation tattica si basano su un portafoglio di riferimento ipotetico. I punti di vista e le raccomandazioni dell'Asset Allocation Committee potrebbero non riflettere la posizione della società nel suo complesso; i consulenti e i portfolio manager di Neuberger possono raccomandare o assumere posizioni contrarie rispetto ai punti di vista e alle raccomandazioni dell'Asset Allocation Committee. I punti di vista dell'Asset Allocation Committee non costituiscono una previsione o una proiezione di eventi futuri o dell'andamento futuro dei mercati. Il presente materiale può includere stime, prospettive, proiezioni e altre "dichiarazioni previsionali". A causa di una molteplicità di fattori, gli eventi effettivi o l'andamento dei mercati potrebbero differire significativamente dai punti di vista espressi. L'attività di investimento comporta rischi, inclusa la possibile perdita del capitale investito. Gli investimenti in hedge fund e private equity sono di natura speculativa e comportano un grado di rischio più elevato rispetto agli investimenti tradizionali. Gli investimenti in hedge fund e private equity sono destinati esclusivamente a investitori qualificati. Gli indici non sono gestiti e non sono disponibili per l'investimento diretto. I risultati passati non costituiscono garanzia di risultati futuri. Il presente materiale è distribuito su base limitata attraverso diverse società controllate e affiliate di Neuberger Berman Group LLC a livello globale. Si prega di visitare www.nb.com/disclosure-global-communications per consultare l'elenco delle entità specifiche nonché le limitazioni e le restrizioni applicabili nelle singole giurisdizioni. Il nome "Neuberger " e il relativo logo sono marchi di servizio registrati di Neuberger Berman Group LLC. © 2026 Neuberger Berman Group LLC. Tutti i diritti riservati.

US equities have proven remarkably resilient this year. Despite the Middle East conflict, energy price pressures, and an uneven global backdrop, the market has powered higher on AI enthusiasm and broad-based earnings growth. But beneath the headline numbers, the questions that matter most are about durability, valuations, and what investors actually own. On this episode of Disruptive Forces, host Anu Rajakumar sits down with Joe Amato, President and Chief Investment Officer for Equities at Neuberger, who brings decades of experience navigating market cycles. Drawing on his firm-wide vantage point, Joe shares how he's thinking about the state of the market and where the real opportunities and risks lie. Together, they discuss: Why this earnings-driven bull market is finally broadening beyond technology, and how a less energy-intensive economy has blunted oil shocks Where the market may be ahead of itself on AI, and why the opportunity is shifting from the enablers to the adopters A grounded, optimistic take on AI and the labor market — and the jobs we can't yet imagine Why a coming wave of mega-cap IPOs could push technology past 50% of the S&P 500, and what that means for passive investors Where Joe sees opportunity and caution in the second half of 2026, including his conviction on US and Japanese equities   This communication is provided for informational and educational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. Information is obtained from sources deemed reliable, but there is no representation or warranty as to its accuracy, completeness or reliability. This communication is not directed at any investor or category of investors and should not be regarded as investment advice or a suggestion to engage in or refrain from any investment-related course of action. Neuberger is not providingthis material in a fiduciary capacity and has a financial interest in the sale of its products and services. Investment decisions should be made based on an investor's individual objectives and circumstances and in consultation with his or her advisors. All information is current as of the date of this material and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Neuberger products and services may not be available in all jurisdictions or to all client types. This material is not intended as a formal research report and should not be relied upon as a basis for making an investment decision. The firm, its employees and advisory accounts may hold positions of any companies discussed. This material may include estimates, outlooks, projections and other "forward-looking statements."Due to a variety of factors, actual events or market behavior may differ significantly from any views expressed. Investing entails risks, including possible loss of principal. Indexes are unmanaged and are not available for direct investment. Past performance is no guarantee of future results. Use of Artificial Intelligence Tools. Neuberger may utilize AI tools in its business operations to improve operational efficiency and for assistance in research and analyzing data among other uses. AI tools are dependent on historical data, consequently, if the content or analyses that AI applications assist Neuberger in producing are or are alleged to be deficient, inaccurate, or biased, a client account may be adversely affected. Additionally, AI tools used by Neuberger may produce inaccurate, misleading or incomplete responses that could lead to errors in Neuberger's and its employees' judgement, decision-making, investment research or other business activities, which could have a negative impact on the performance of a client account. The application of AI in investment processes, research, or analysis is evolving and subject to limitations, including data quality, algorithmic biases, and interpretive errors. AI outputs should not be relied upon as the sole basis for investment decisions. No assurance is given regarding the accuracy, completeness, or timeliness of information generated by AI. This material is being issued on a limited basis through various global subsidiaries and affiliates of Neuberger Berman Group LLC. Please visit www.nb.com/disclosure-global-communications for the specific entities and jurisdictional limitations and restrictions. The "Neuberger" name and logo are registered service marks of Neuberger Berman Group LLC. © 2026 Neuberger Berman Group LLC. All rights reserved. M-003551 This communication is provided for informational and educational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. Information is obtained from sources deemed reliable, but there is no representation or warranty as to its accuracy, completeness or reliability. This communication is not directed at any investor or category of investors and should not be regarded as investment advice or a suggestion to engage in or refrain from any investment-related course of action. Neuberger is not providingthis material in a fiduciary capacity and has a financial interest in the sale of its products and services. Investment decisions should be made based on an investor's individual objectives and circumstances and in consultation with his or her advisors. All information is current as of the date of this material and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Neuberger products and services may not be available in all jurisdictions or to all client types. This material is not intended as a formal research report and should not be relied upon as a basis for making an investment decision. The firm, its employees and advisory accounts may hold positions of any companies discussed. This material may include estimates, outlooks, projections and other "forward-looking statements."Due to a variety of factors, actual events or market behavior may differ significantly from any views expressed. Investing entails risks, including possible loss of principal. Indexes are unmanaged and are not available for direct investment. Past performance is no guarantee of future results. Use of Artificial Intelligence Tools. Neuberger may utilize AI tools in its business operations to improve operational efficiency and for assistance in research and analyzing data among other uses. AI tools are dependent on historical data, consequently, if the content or analyses that AI applications assist Neuberger in producing are or are alleged to be deficient, inaccurate, or biased, a client account may be adversely affected. Additionally, AI tools used by Neuberger may produce inaccurate, misleading or incomplete responses that could lead to errors in Neuberger's and its employees' judgement, decision-making, investment research or other business activities, which could have a negative impact on the performance of a client account. The application of AI in investment processes, research, or analysis is evolving and subject to limitations, including data quality, algorithmic biases, and interpretive errors. AI outputs should not be relied upon as the sole basis for investment decisions. No assurance is given regarding the accuracy, completeness, or timeliness of information generated by AI. This material is being issued on a limited basis through various global subsidiaries and affiliates of Neuberger Berman Group LLC. Please visit www.nb.com/disclosure-global-communications for the specific entities and jurisdictional limitations and restrictions. The "Neuberger" name and logo are registered service marks of Neuberger Berman Group LLC. © 2026 Neuberger Berman Group LLC. All rights reserved. M-003551

La Federal Reserve di Kevin Warsh alzerà i tassi, li taglierà o resterà ferma? Il mercato è diviso: c'è chi scommette su nuovi rialzi, chi su tagli imminenti. La nostra view è differente: prevediamo una pausa prolungata. In questa puntata vi spieghiamo il perchè e le possibili implicazioni per i portafogli.   Questi podcast includono commenti generali di mercato, contenuti formativi di carattere generale sugli investimenti e informazioni generali su Neuberger. I podcast sono solo a scopo informativo e nulla qui presente costituisce una consulenza in materia di investimenti, legale, contabile o fiscale o una raccomandazione per l'acquisto, la vendita o la detenzione di un titolo.  I dati economici e di mercato sono forniti da FactSet, salvo diversa indicazione. Il presente materiale è fornito esclusivamente a scopi informativi e didattici e non costituisce in alcun modo consulenza in materia di investimenti, legale, contabile o fiscale. Il presente materiale ha carattere generale e non è indirizzato a specifiche categorie di investitori; non deve pertanto essere interpretato come personalizzato, né come una raccomandazione, una consulenza in materia di investimenti o un suggerimento a intraprendere o astenersi da qualsiasi operazione di investimento. Le decisioni di investimento e la valutazione dell'adeguatezza del presente materiale devono essere effettuate in base agli obiettivi e alle circostanze individuali dell'investitore e in consultazione con i propri consulenti. Le informazioni sono ottenute da fonti ritenute affidabili, ma non viene rilasciata alcuna dichiarazione o garanzia in merito alla loro accuratezza, completezza o affidabilità. Tutte le informazioni sono aggiornate alla data del presente materiale e sono soggette a modifiche senza preavviso. La società, i suoi dipendenti e i conti di gestione possono detenere posizioni in qualsiasi società menzionata. Le opinioni e i punti di vista espressi potrebbero non riflettere quelli della società nel suo complesso. I prodotti e i servizi di Neuberger potrebbero non essere disponibili in tutte le giurisdizioni o per tutte le tipologie di clienti. I punti di vista qui espressi comprendono quelli dell'Asset Allocation Committee di Neuberger, composto da professionisti appartenenti a diverse discipline, tra cui strategist azionari e obbligazionari e portfolio manager. L'Asset Allocation Committee esamina e definisce i modelli di asset allocation a lungo termine, stabilisce le allocazioni tattiche preferite a breve termine per le principali classi di attivo e, su richiesta, esamina le allocazioni di portafoglio per mandati ampi e diversificati. Le indicazioni di asset allocation tattica si basano su un portafoglio di riferimento ipotetico. I punti di vista e le raccomandazioni dell'Asset Allocation Committee potrebbero non riflettere la posizione della società nel suo complesso; i consulenti e i portfolio manager di Neuberger possono raccomandare o assumere posizioni contrarie rispetto ai punti di vista e alle raccomandazioni dell'Asset Allocation Committee. I punti di vista dell'Asset Allocation Committee non costituiscono una previsione o una proiezione di eventi futuri o dell'andamento futuro dei mercati. Il presente materiale può includere stime, prospettive, proiezioni e altre "dichiarazioni previsionali". A causa di una molteplicità di fattori, gli eventi effettivi o l'andamento dei mercati potrebbero differire significativamente dai punti di vista espressi. L'attività di investimento comporta rischi, inclusa la possibile perdita del capitale investito. Gli investimenti in hedge fund e private equity sono di natura speculativa e comportano un grado di rischio più elevato rispetto agli investimenti tradizionali. Gli investimenti in hedge fund e private equity sono destinati esclusivamente a investitori qualificati. Gli indici non sono gestiti e non sono disponibili per l'investimento diretto. I risultati passati non costituiscono garanzia di risultati futuri. Il presente materiale è distribuito su base limitata attraverso diverse società controllate e affiliate di Neuberger Berman Group LLC a livello globale. Si prega di visitare www.nb.com/disclosure-global-communications per consultare l'elenco delle entità specifiche nonché le limitazioni e le restrizioni applicabili nelle singole giurisdizioni. Il nome "Neuberger " e il relativo logo sono marchi di servizio registrati di Neuberger Berman Group LLC. © 2026 Neuberger Berman Group LLC. Tutti i diritti riservati.   

The first half of the year ends with chips and semiconductors soaring and software sinking. How the Magnificent 7 can stay afloat after the major software losses, and if gains in the chip and semi space will continue in the second half. Then, Neuberger senior research analyst Kevin McCarthy lays out what's next for Nike after its fourth-quarter earnings results, and if investors are running to other discretionaries. Plus, Bitcoin on track for its lowest levels since 2024, the trillion-dollar defense industry, and telecom trading at near-two year lows. Fast Money Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Anne Neuberger joined Bret Stephens to discuss her new essay, “The Jewish Case for Public Service,” in the (Fixing) America issue of SAPIR.Read Neuberger's essay here: https://sapirjournal.org/fixing-america/2026/the-jewish-case-for-public-service/Questions or comments? Send us a note at ⁠info@sapirjournal.org⁠Music from #Uppbeat: ⁠https://uppbeat.io/t/theo-gerard/monsieur-groove

Negli investimenti, come nella storia, la prospettiva di lungo periodo tende a premiare chi ha la pazienza di mantenerla nel tempo. In occasione del 250° anniversario dell'indipendenza degli Stati Uniti, facciamo una riflessione su come nel corso degli ultimi cinquant'anni si siano trasformati i mercati e l'economia — e su perché, anche oggi, restare investiti rimane la scelta più razionale che un investitore possa fare.   Questi podcast includono commenti generali di mercato, contenuti formativi di carattere generale sugli investimenti e informazioni generali su Neuberger. I podcast sono solo a scopo informativo e nulla qui presente costituisce una consulenza in materia di investimenti, legale, contabile o fiscale o una raccomandazione per l'acquisto, la vendita o la detenzione di un titolo.    I dati economici e di mercato sono forniti da FactSet, salvo diversa indicazione.   Il presente materiale è fornito esclusivamente a scopi informativi e didattici e non costituisce in alcun modo consulenza in materia di investimenti, legale, contabile o fiscale. Il presente materiale ha carattere generale e non è indirizzato a specifiche categorie di investitori; non deve pertanto essere interpretato come personalizzato, né come una raccomandazione, una consulenza in materia di investimenti o un suggerimento a intraprendere o astenersi da qualsiasi operazione di investimento. Le decisioni di investimento e la valutazione dell'adeguatezza del presente materiale devono essere effettuate in base agli obiettivi e alle circostanze individuali dell'investitore e in consultazione con i propri consulenti. Le informazioni sono ottenute da fonti ritenute affidabili, ma non viene rilasciata alcuna dichiarazione o garanzia in merito alla loro accuratezza, completezza o affidabilità. Tutte le informazioni sono aggiornate alla data del presente materiale e sono soggette a modifiche senza preavviso. La società, i suoi dipendenti e i conti di gestione possono detenere posizioni in qualsiasi società menzionata. Le opinioni e i punti di vista espressi potrebbero non riflettere quelli della società nel suo complesso. I prodotti e i servizi di Neuberger potrebbero non essere disponibili in tutte le giurisdizioni o per tutte le tipologie di clienti.   I punti di vista qui espressi comprendono quelli dell'Asset Allocation Committee di Neuberger, composto da professionisti appartenenti a diverse discipline, tra cui strategist azionari e obbligazionari e portfolio manager. L'Asset Allocation Committee esamina e definisce i modelli di asset allocation a lungo termine, stabilisce le allocazioni tattiche preferite a breve termine per le principali classi di attivo e, su richiesta, esamina le allocazioni di portafoglio per mandati ampi e diversificati. Le indicazioni di asset allocation tattica si basano su un portafoglio di riferimento ipotetico. I punti di vista e le raccomandazioni dell'Asset Allocation Committee potrebbero non riflettere la posizione della società nel suo complesso; i consulenti e i portfolio manager di Neuberger possono raccomandare o assumere posizioni contrarie rispetto ai punti di vista e alle raccomandazioni dell'Asset Allocation Committee. I punti di vista dell'Asset Allocation Committee non costituiscono una previsione o una proiezione di eventi futuri o dell'andamento futuro dei mercati.   Il presente materiale può includere stime, prospettive, proiezioni e altre "dichiarazioni previsionali". A causa di una molteplicità di fattori, gli eventi effettivi o l'andamento dei mercati potrebbero differire significativamente dai punti di vista espressi.   L'attività di investimento comporta rischi, inclusa la possibile perdita del capitale investito. Gli investimenti in hedge fund e private equity sono di natura speculativa e comportano un grado di rischio più elevato rispetto agli investimenti tradizionali. Gli investimenti in hedge fund e private equity sono destinati esclusivamente a investitori qualificati. Gli indici non sono gestiti e non sono disponibili per l'investimento diretto. I risultati passati non costituiscono garanzia di risultati futuri.   Il presente materiale è distribuito su base limitata attraverso diverse società controllate e affiliate di Neuberger Berman Group LLC a livello globale. Si prega di visitare www.nb.com/disclosure-global-communications per consultare l'elenco delle entità specifiche nonché le limitazioni e le restrizioni applicabili nelle singole giurisdizioni.   Il nome "Neuberger " e il relativo logo sono marchi di servizio registrati di Neuberger Berman Group LLC.   © 2026 Neuberger Berman Group LLC. Tutti i diritti riservati. 

Hyperscalers are spending more than $750 billion a year on AI infrastructure, and much of it is for physical hardware that needs financing. That's creating a compelling opportunity for asset-based lenders who can underwrite real collateral and contracts rather than picking technology winners.   On this episode of Disruptive Forces, host Anu Rajakumar speaks with Sean Hinze of Neuberger's Specialty Finance team. Together, they discuss: Why hyperscalers prefer off-balance-sheet financing and what that means for private credit How to underwrite GPU deals when chip technology evolves every two years Why power is the new bottleneck — and what a 68-gigawatt US shortfall means for lenders Where the strongest relative value sits today across chips, power equipment, and fiber How to separate hype from opportunity in a crowded space      This communication is provided for informational and educational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. Information is obtained from sources deemed reliable, but there is no representation or warranty as to its accuracy, completeness or reliability. This communication is not directed at any investor or category of investors and should not be regarded as investment advice or a suggestion to engage in or refrain from any investment-related course of action. Neuberger is not providing this material in a fiduciary capacity and has a financial interest in the sale of its products and services. Investment decisions should be made based on an investor's individual objectives and circumstances and in consultation with his or her advisors. All information is current as of the date of this material and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Neuberger products and services may not be available in all jurisdictions or to all client types. This material is not intended as a formal research report and should not be relied upon as a basis for making an investment decision. The firm, its employees and advisory accounts may hold positions of any companies discussed. This material may include estimates, outlooks, projections and other "forward-looking statements." Due to a variety of factors, actual events or market behavior may differ significantly from any views expressed. Investing entails risks, including possible loss of principal. Indexes are unmanaged and are not available for direct investment. Past performance is no guarantee of future results.   Use of Artificial Intelligence Tools. Neuberger may utilize AI tools in its business operations to improve operational efficiency and for assistance in research and analyzing data among other uses. AI tools are dependent on historical data, consequently, if the content or analyses that AI applications assist Neuberger in producing are or are alleged to be deficient, inaccurate, or biased, a client account may be adversely affected. Additionally, AI tools used by Neuberger may produce inaccurate, misleading or incomplete responses that could lead to errors in Neuberger's and its employees' judgement, decision-making, investment research or other business activities, which could have a negative impact on the performance of a client account. The application of AI in investment processes, research, or analysis is evolving and subject to limitations, including data quality, algorithmic biases, and interpretive errors. AI outputs should not be relied upon as the sole basis for investment decisions. No assurance is given regarding the accuracy, completeness, or timeliness of information generated by AI.   This material is being issued on a limited basis through various global subsidiaries and affiliates of Neuberger Berman Group LLC. Please visit www.nb.com/disclosure-global-communications for the specific entities and jurisdictional limitations and restrictions.   The "Neuberger" name and logo are service marks of Neuberger Berman Group LLC.   © 2026 Neuberger Berman Group LLC. All rights reserved. M-003297  

Join ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Downtown Josh Brown⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ for another episode of What Are Your Thoughts and see what they have to say about: Micron earnings, the sudden selloff in South Korea's red-hot stock market, whether we're entering the late stages of the bull market, prediction markets coming to Wall Street, Jane Street's AI ambitions, the Magnificent Seven breakdown, Alan Greenspan's legacy, and the growing bull case for Meta. This episode is sponsored by Neuberger and ClearBridge Investments. Explore NBSD–including all risks and important information–at ⁠⁠https://www.neuberger.com/nbsd⁠⁠ Rising geopolitical tensions, continued market uncertainty, stocks backed by can offer more predictable cash flows as volatility increases. Visit ⁠⁠https://www.clearbridge.com/ ⁠⁠to learn more. Sign up for ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Compound Newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and never miss out! Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://instagram.com/thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ LinkedIn: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/company/the-compound-media/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ TikTok: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.tiktok.com/@thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ritholtz Wealth Management⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/advertising-disclaimers⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/podcast-youtube-disclosures/⁠⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

L'accordo tra Stati Uniti e Iran e la possibile riapertura dello Stretto di Hormuz offrono un primo respiro ai mercati, ai governi e alle Banche Centrali, ma non sono una risoluzione definitiva e lasciano aperti interrogativi importanti per i mercati. L'inflazione si attenuerà? Come cambierà il settore energetico globale? I rendimenti nell'azionario torneranno a muoversi su un fronte più ampio, o rimarranno concentrati in un ristretto gruppo di titoli tecnologici?   Questi podcast includono commenti generali di mercato, contenuti formativi di carattere generale sugli investimenti e informazioni generali su Neuberger. I podcast sono solo a scopo informativo e nulla qui presente costituisce una consulenza in materia di investimenti, legale, contabile o fiscale o una raccomandazione per l'acquisto, la vendita o la detenzione di un titolo.  I dati economici e di mercato sono forniti da FactSet, salvo diversa indicazione. Il presente materiale è fornito a scopo esclusivamente informativo e didattico e nulla in esso contenuto costituisce consulenza in materia di investimenti, legale, contabile o fiscale. Il presente materiale ha carattere generale e non è destinato a specifiche categorie di investitori; non deve pertanto essere interpretato come raccomandazione personalizzata, consiglio di investimento o sollecitazione a porre in essere o astenersi dal porre in essere qualsiasi operazione di natura finanziaria. Le decisioni di investimento e la valutazione dell'adeguatezza del presente materiale devono essere effettuate sulla base degli obiettivi e delle circostanze individuali di ciascun investitore, in consultazione con i propri consulenti. Le informazioni sono ottenute da fonti ritenute attendibili, tuttavia non viene rilasciata alcuna dichiarazione o garanzia in merito alla loro accuratezza, completezza o affidabilità. Tutte le informazioni sono aggiornate alla data del presente materiale e sono soggette a modifiche senza preavviso. La società, i suoi dipendenti e i conti gestiti potrebbero detenere posizioni nelle società menzionate. Le opinioni e i punti di vista espressi potrebbero non riflettere quelli della società nel suo complesso. I prodotti e i servizi di Neuberger potrebbero non essere disponibili in tutte le giurisdizioni o per tutte le tipologie di clienti. I punti di vista espressi nel presente documento includono quelli del Comitato di Asset Allocation di Neuberger, composto da professionisti operanti in molteplici discipline, tra cui strategist azionari e obbligazionari e portfolio manager. Il Comitato di Asset Allocation esamina e definisce i modelli di asset allocation di lungo periodo, stabilisce le allocazioni tattiche preferite a breve termine per ciascuna classe di attivo e, su richiesta, analizza le allocazioni di portafoglio per mandati ampi e diversificati. Le allocazioni tattiche sono elaborate con riferimento a un portafoglio ipotetico. Le opinioni e le raccomandazioni del Comitato di Asset Allocation potrebbero non riflettere la posizione della società nel suo complesso; i consulenti e i portfolio manager di Neuberger potrebbero raccomandare o assumere posizioni contrarie rispetto a quelle espresse dal Comitato di Asset Allocation. Le opinioni del Comitato di Asset Allocation non costituiscono previsioni o proiezioni di eventi futuri o dell'andamento futuro dei mercati. Il presente materiale può includere stime, prospettive, proiezioni e altre dichiarazioni di natura previsionale. A causa di una molteplicità di fattori, gli eventi effettivi o l'andamento dei mercati potrebbero differire significativamente da qualsiasi punto di vista espresso. L'attività di investimento comporta rischi, inclusa la possibile perdita del capitale investito. Gli investimenti in hedge fund e private equity sono di natura speculativa e implicano un grado di rischio più elevato rispetto agli investimenti tradizionali. Gli investimenti in hedge fund e private equity sono destinati esclusivamente a investitori qualificati. Gli indici non sono gestiti e non sono disponibili per l'investimento diretto. I risultati passati non costituiscono garanzia di risultati futuri. Il presente materiale è diffuso in modo limitato tramite varie controllate e affiliate globali di Neuberger Berman Group LLC. Si prega di visitare il sito www.nb.com/disclosure-global-communications per informazioni sulle specifiche entità coinvolte, nonché sulle limitazioni e restrizioni applicabili nelle diverse giurisdizioni. Il nome "Neuberger" e il relativo logo sono marchi di servizio di Neuberger Berman Group LLC. © 2026 Neuberger Berman Group LLC. Tutti i diritti riservati.

In un contesto dominato dalla geopolitica e dall'agitazione dei mercati, gli investitori sembrano aver messo in secondo piano la forza del consumatore americano. Riteniamo che sia giunto il momento di riportarlo al centro delle analisi e di valutare le possibili implicazioni per i portafogli.     Questi podcast includono commenti generali di mercato, contenuti formativi di carattere generale sugli investimenti e informazioni generali su Neuberger. I podcast sono solo a scopo informativo e nulla qui presente costituisce una consulenza in materia di investimenti, legale, contabile o fiscale o una raccomandazione per l'acquisto, la vendita o la detenzione di un titolo.   I dati economici e di mercato sono forniti da FactSet, salvo diversa indicazione.   Il presente materiale è fornito a scopo esclusivamente informativo e didattico e nulla in esso contenuto costituisce consulenza in materia di investimenti, legale, contabile o fiscale. Il presente materiale ha carattere generale e non è destinato a specifiche categorie di investitori; non deve pertanto essere interpretato come raccomandazione personalizzata, consiglio di investimento o sollecitazione a porre in essere o astenersi dal porre in essere qualsiasi operazione di natura finanziaria. Le decisioni di investimento e la valutazione dell'adeguatezza del presente materiale devono essere effettuate sulla base degli obiettivi e delle circostanze individuali di ciascun investitore, in consultazione con i propri consulenti. Le informazioni sono ottenute da fonti ritenute attendibili, tuttavia non viene rilasciata alcuna dichiarazione o garanzia in merito alla loro accuratezza, completezza o affidabilità. Tutte le informazioni sono aggiornate alla data del presente materiale e sono soggette a modifiche senza preavviso. La società, i suoi dipendenti e i conti gestiti potrebbero detenere posizioni nelle società menzionate. Le opinioni e i punti di vista espressi potrebbero non riflettere quelli della società nel suo complesso. I prodotti e i servizi di Neuberger potrebbero non essere disponibili in tutte le giurisdizioni o per tutte le tipologie di clienti.   I punti di vista espressi nel presente documento includono quelli del Comitato di Asset Allocation di Neuberger, composto da professionisti operanti in molteplici discipline, tra cui strategist azionari e obbligazionari e portfolio manager. Il Comitato di Asset Allocation esamina e definisce i modelli di asset allocation di lungo periodo, stabilisce le allocazioni tattiche preferite a breve termine per ciascuna classe di attivo e, su richiesta, analizza le allocazioni di portafoglio per mandati ampi e diversificati. Le allocazioni tattiche sono elaborate con riferimento a un portafoglio ipotetico. Le opinioni e le raccomandazioni del Comitato di Asset Allocation potrebbero non riflettere la posizione della società nel suo complesso; i consulenti e i portfolio manager di Neuberger potrebbero raccomandare o assumere posizioni contrarie rispetto a quelle espresse dal Comitato di Asset Allocation. Le opinioni del Comitato di Asset Allocation non costituiscono previsioni o proiezioni di eventi futuri o dell'andamento futuro dei mercati.   Il presente materiale può includere stime, prospettive, proiezioni e altre dichiarazioni di natura previsionale. A causa di una molteplicità di fattori, gli eventi effettivi o l'andamento dei mercati potrebbero differire significativamente da qualsiasi punto di vista espresso. L'attività di investimento comporta rischi, inclusa la possibile perdita del capitale investito. Gli investimenti in hedge fund e private equity sono di natura speculativa e implicano un grado di rischio più elevato rispetto agli investimenti tradizionali. Gli investimenti in hedge fund e private equity sono destinati esclusivamente a investitori qualificati. Gli indici non sono gestiti e non sono disponibili per l'investimento diretto. I risultati passati non costituiscono garanzia di risultati futuri.   Il presente materiale è diffuso in modo limitato tramite varie controllate e affiliate globali di Neuberger Berman Group LLC. Si prega di visitare il sito www.nb.com/disclosure-global-communications per informazioni sulle specifiche entità coinvolte, nonché sulle limitazioni e restrizioni applicabili nelle diverse giurisdizioni.   Il nome "Neuberger" e il relativo logo sono marchi di servizio di Neuberger Berman Group LLC.   © 2026 Neuberger Berman Group LLC. Tutti i diritti riservati.

The Dow Jones soared to new all-time highs on Monday as the other major averages traded higher across the board following news of a preliminary peace deal between the U.S. and Iran. Dominic Chu and Kelly Evans break down the market action with Charles Schwab's Liz Ann Sonders, Neuberger's Jeff Blazek, and Bank of America's Savita Subramanian. Meanwhile, Micron added to its recent rally with a near double-digit gain after TD Cowen raised its price target from $660 to $1,500, and the analyst behind that note joined the anchors to explain his methodology Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Private credit headlines have been anxiety-inducing — but not all corners of private markets face the same pressures. Roughly $4 trillion in equity investments remain inside private equity funds awaiting exits, many acquired at elevated valuations during the low-rate era. For providers of scaled, flexible capital that sits between traditional debt and equity, that pressure creates opportunity.   On this episode of Disruptive Forces, host Anu Rajakumar speaks with David Lyon, Managing Director and Head of Capital Solutions at Neuberger, who oversees approximately $10 billion in assets. Together, they discuss: What Capital Solutions is, and what it is not Why the panic around private credit and BDCs may be overstated How AI uncertainty is reshaping software valuations but has yet to trigger widespread defaults What separates hybrid capital from continuation vehicles and distressed investing Where the real opportunities sit for sponsors under pressure to generate DPI What investors should demand from managers in the hybrid capital space   This communication is provided for informational and educational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. Information is obtained from sources deemed reliable, but there is no representation or warranty as to its accuracy, completeness or reliability. This communication is not directed at any investor or category of investors and should not be regarded as investment advice or a suggestion to engage in or refrain from any investment-related course of action. Neuberger is not providing this material in a fiduciary capacity and has a financial interest in the sale of its products and services. Investment decisions should be made based on an investor's individual objectives and circumstances and in consultation with his or her advisors. All information is current as of the date of this material and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Neuberger products and services may not be available in all jurisdictions or to all client types. This material is not intended as a formal research report and should not be relied upon as a basis for making an investment decision. The firm, its employees and advisory accounts may hold positions of any companies discussed. This material may include estimates, outlooks, projections and other "forward-looking statements." Due to a variety of factors, actual events or market behavior may differ significantly from any views expressed. Investing entails risks, including possible loss of principal. Indexes are unmanaged and are not available for direct investment. Past performance is no guarantee of future results.   Use of Artificial Intelligence Tools. Neuberger may utilize AI tools in its business operations to improve operational efficiency and for assistance in research and analyzing data among other uses. AI tools are dependent on historical data, consequently, if the content or analyses that AI applications assist Neuberger in producing are or are alleged to be deficient, inaccurate, or biased, a client account may be adversely affected. Additionally, AI tools used by Neuberger may produce inaccurate, misleading or incomplete responses that could lead to errors in Neuberger's and its employees' judgement, decision-making, investment research or other business activities, which could have a negative impact on the performance of a client account. The application of AI in investment processes, research, or analysis is evolving and subject to limitations, including data quality, algorithmic biases, and interpretive errors. AI outputs should not be relied upon as the sole basis for investment decisions. No assurance is given regarding the accuracy, completeness, or timeliness of information generated by AI.   This material is being issued on a limited basis through various global subsidiaries and affiliates of Neuberger Berman Group LLC. Please visit www.nb.com/disclosure-global-communications for the specific entities and jurisdictional limitations and restrictions. The "Neuberger" name and logo are service marks of Neuberger Berman Group LLC. © 2026 Neuberger Berman Group LLC. All rights reserved. M-002862

Investors look beyond semiconductors and ask whether the rest of the market can carry the rally forward. Charles Kantor of Neuberger weighs whether leadership can broaden beyond AI and chips and identifies where investors may find the next opportunities. Lululemon headlines earnings. Janine Stichter of BTIG reacts to the results. Other stories include Blackstone restricting withdrawals from a flagship fund, pressure on Netflix, and whether Bitcoin may finally be finding a bottom. Our Pippa Stevens reports on the spread of flesh-eating parasites from Texas while Elanco Animal Health CEO Jeffrey Simmons discusses the risks to agriculture and livestock. Our Leslie Picker examines Wall Street's growing obsession with SpaceX and what it means for private markets. The show also explores Coinbase's move into perpetual futures tied to pre-IPO companies. John Kolovos, Head of Technical Strategy at Macro Risk Advisors, breaks down market internals and explains what the charts are saying about the rally's durability. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Join Michael Batnick (Managing Partner, Ritholtz Wealth) Sean Russo (Investment Analyst, Ritholtz Wealth) and Matt Cerminaro (Exhibit A co-founder, AKA Chart Kid Matt) for another episode of What Are Your Thoughts and see what they have to say about the biggest topics in investing and finance! This episode is sponsored by Neuberger. Explore NBSD–including all risks and important information‒at ⁠https://www.neuberger.com/nbsd⁠ Sign up for ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Compound Newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and never miss out! Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://instagram.com/thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ LinkedIn: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/company/the-compound-media/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ TikTok: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.tiktok.com/@thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ritholtz Wealth Management⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/advertising-disclaimers⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/podcast-youtube-disclosures/⁠⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Beyond Macro: A Value Lens on Emerging Markets Equity Most investors approach emerging markets top-down: country-level macro calls, currency bets, commodity cycles. But what if those assumptions are exactly what gets in the way of potential returns? What if the single most important variable isn't the macro backdrop, but the price you pay? On this episode of Disruptive Forces, host Anu Rajakumar is joined by Vera German and Juan Torres, Portfolio Managers on Neuberger's Emerging Markets Equity team, to discuss why a disciplined value lens may be the most natural — and most overlooked — way to approach emerging market equities. Together, they discuss: Why fast-growing economies have often produced lackluster equity returns How state-owned enterprises are misunderstood, and why blanket avoidance may leave value on the table What's wrong with benchmarking to the MSCI Emerging Markets Index Where the valuation screen is pointing today, including Southeast Asia, Brazil, and China — and where to avoid How the team manages risk and position sizing in a concentrated, high-conviction portfolio Why emerging markets may be one of the most compelling asset classes for active, value-oriented investors today   This communication is provided for informational and educational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. Information is obtained from sources deemed reliable, but there is no representation or warranty as to its accuracy, completeness or reliability. This communication is not directed at any investor or category of investors and should not be regarded as investment advice or a suggestion to engage in or refrain from any investment-related course of action. Neuberger is not providing this material in a fiduciary capacity and has a financial interest in the sale of its products and services. Investment decisions should be made based on an investor's individual objectives and circumstances and in consultation with his or her advisors. All information is current as of the date of this material and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Neuberger products and services may not be available in all jurisdictions or to all client types. This material is not intended as a formal research report and should not be relied upon as a basis for making an investment decision. The firm, its employees and advisory accounts may hold positions of any companies discussed. This material may include estimates, outlooks, projections and other "forward-looking statements." Due to a variety of factors, actual events or market behavior may differ significantly from any views expressed. Investing entails risks, including possible loss of principal. Indexes are unmanaged and are not available for direct investment. Past performance is no guarantee of future results. Use of Artificial Intelligence Tools. Neuberger may utilize AI tools in its business operations to improve operational efficiency and for assistance in research and analyzing data among other uses. AI tools are dependent on historical data, consequently, if the content or analyses that AI applications assist Neuberger in producing are or are alleged to be deficient, inaccurate, or biased, a client account may be adversely affected. Additionally, AI tools used by Neuberger may produce inaccurate, misleading or incomplete responses that could lead to errors in Neuberger's and its employees' judgement, decision-making, investment research or other business activities, which could have a negative impact on the performance of a client account. The application of AI in investment processes, research, or analysis is evolving and subject to limitations, including data quality, algorithmic biases, and interpretive errors. AI outputs should not be relied upon as the sole basis for investment decisions. No assurance is given regarding the accuracy, completeness, or timeliness of information generated by AI. This material is being issued on a limited basis through various global subsidiaries and affiliates of Neuberger Berman Group LLC. Please visit www.nb.com/disclosure-global-communications for the specific entities and jurisdictional limitations and restrictions. The "Neuberger" name and logo are service marks of Neuberger Berman Group LLC. © 2026 Neuberger Berman Group LLC. All rights reserved. M-002531

Chuck Todd opens with Trump getting visibly defensive with reporters over a brutal new inflation report — and argues the bad economy is in worse shape directly because of Trump's policies, with the president himself having zero answers for the data. He notes that AI investment is essentially the only thing propping up the economy, and that we are at least weeks away from the end of the Iran war. He warns we're only at the beginning of the inflation problem and that Democrats can simply point to Trump's broken promises of lower costs and no wars — they don't even need to make a "for" case, just a sustained "against" case — but cautions that despite all of this, Democrats still have a serious brand problem that no economic data alone will fix. He argues the failed Virginia redistricting effort exposed the deeper issue: Democrats talk like the resistance but are viewed as institutionalists, while Republicans still behave like raw partisans, and the rise of independent voters represents a fundamental protest against both available parties — something that should worry Democrats more than Republicans because the GOP has already shown a willingness to blow up the system. He makes a sweeping argument that until the last decade, Democrats were a reform-focused party, but the Trump era has pushed them into becoming defenders of institutions at exactly the moment when public trust in institutions had collapsed. He closes with observations from the Musk-Altman trial, which he says has been revealing about the personalities actually building AI — with OpenAI employees testifying to Altman's lying and the internal chaos, and so much tech ego on display that the public, already feeling burned by big tech, is only going to grow more skeptical. This episode of the Chuck Toddcast features a deep dive into the AI governance crisis with two of the leading experts in the field. First, Miriam Vogel — president and CEO of EqualAI — joins the show to explain her organization's mission of establishing meaningful AI guardrails at a moment when American consumers are deeply skeptical of big tech and less than 1% of companies have anything resembling strong AI governance policies. Vogel argues that good governance means corporate leadership must take direct responsibility for AI deployment, walks through her five best practices for responsible AI adoption, and pushes back on the idea that federal preemption should override state-level regulation — noting that companies are pushing hard against state regulation precisely because they know most of the actual rules will be written in court cases over the next few years. She warns that we're seeing tremendous investment in AI without commensurate ROI so far, that gender and regional gaps in AI adoption are already emerging, and that the public urgently needs to be empowered with real knowledge about AI's upsides as well as its risks. Vogel asks the question that should keep every executive up at night: are we actually ready for AI to make decisions without humans in the loop? And she argues that transparency — letting employees and consumers see how AI errors play out — will be absolutely essential to safe deployment. Then former Deputy National Security Advisor Anne Neuberger joins to discuss what global AI governance should look like between superpowers, and whether the arms race framing between the U.S. and China is actually helpful or harmful. Neuberger argues AI is fundamentally different from nuclear regulation because it's being developed by the private sector rather than by governments, and questions whether it was a mistake to let the private sector spearhead this technology in the first place. Drawing on her cybersecurity background, she walks through how governments learned to combat ransomware: extending existing rules for fiat currencies to cover cryptocurrencies (which had helped criminals evade detection), disincentivizing ransom payments, and helping companies recover without paying — a template she argues could apply to AI regulation. Neuberger says AI drug development should be an international win-win rather than a zero-sum arms race, but acknowledges the national security applications make competition unavoidable, with advantages now measured in months rather than years and dangerously inadequate military-to-military communication between the U.S. and China. They debate whether an "FDA for AI models" might be necessary, that existing regulations can be updated to cover AI without requiring new legislation, and that AI will ultimately transform defensive cybersecurity by allowing companies to double-check their infrastructure at scale. Her bottom line: laws always trail technology, but governments have key roles to play in identifying cyber risks, helping companies patch their infrastructure, and ensuring America's defenders aren't left behind as Chinese models close the six-month gap. Finally Chuck reveals his bonus TWO ToddCast Top 5 lists, the top 5 2028 Democratic hopefuls who have run for president before, and the top who haven’t. He also answers listeners’ questions in the “Ask Chuck” segment. Try ShipStation free for 60 days with full access to all features, No credit card needed! Go to https://ShipStation.com and use code TODDCAST for 60 days for free! Thank you Wildgrain for sponsoring. Visit http://wildgrain.com/TODDCAST and use the code "TODDCAST" at checkout to receive $30 off your first box PLUS free Croissants for life! Link in bio or go to https://getsoul.com & enter code TODDCAST for 30% off your first order. Timeline: (Timestamps may vary based on advertisements) 00:00 Chuck Todd’s introduction 01:30 Trump gets defensive with reporters over bad inflation report 03:00 Economy is in worse shape directly because of Trump’s policies 03:45 Trump has zero answers for the bad state of the economy 04:45 Dow still hasn’t gotten back over 50k since Bondi’s viral moment 05:45 AI investment is the only thing propping up the economy 06:30 We are weeks away from the end of the Iran war… at minimum 07:45 Despite the bad economy, Democrats still have a brand problem 08:30 We are only at the beginning of the inflation problem 09:15 Dems can point to Trump breaking promise of lower costs & no wars 10:00 Dems don’t even have to make a “for” case, just an “against” case 11:00 Another variable is what the political maps look like by the midterms 12:15 The issue for the Dems is what the party stands for… what’s its identity? 13:00 Dems ‘28 hopefuls need to, and will jump in early 13:45 Dems failed redistricting in VA exposed a problem with the party 15:45 Dems talk like resistance but are viewed as institutionalists 16:30 GOP still behaves more like raw partisans 17:15 South Carolina would have risked disaster by carving up Clyburn’s seat 18:45 Backlash to SCOTUS gutting Voting Rights Act could juice Dem turnout 19:45 Why do both parties seem against reforming the system overall? 21:15 Politics has become completely nationalized and it’s a problem 21:45 Until the last decade, the Democrats were a reform focused party 23:00 The Trump era has pushed Dems into becoming defenders of institutions 23:45 Biden ran on preservation when trust in institutions had collapsed 25:15 The rise of independent voters shows protest for the two available parties 26:30 Rise of independents should worry Dems more than Republicans 27:45 Real reforms to the system would help rebuild trust with the public 29:30 Dems risk becoming custodians of a system people don’t trust 31:45 Dems took their eye off the ball, haven’t acted as reformers 33:30 The Musk/Altman trial has been revealing of the personalities building AI 34:00 OpenAI’s employees testified to Altman lying and chaos internally 35:15 So much tech ego on display at the trial 36:00 The public already feels burned by big tech 43:30 Chuck Todd’s introduction 46:15 Miriam Vogel joins the Chuck ToddCast 46:30 Equal AI’s mission is to establish AI guardrails 47:45 American consumers are extremely skeptical of big tech 48:30 Tech companies need to address users’ concerns & questions 50:30 Less than 1% of companies have strong AI governance policies 52:00 Some companies are working hard towards AI best practices 53:00 State vs. federal regulation for tech companies & AI 53:45 Why are companies pushing back against state level regulation? 55:45 Most of AI regulation will come down to the courts 57:30 We need more certainty of expectations from AI companies 59:45 AI is a disruptor, we can’t pretend it won’t be everywhere 1:01:00 Are we ready for AI to make decisions without humans in the loop? 1:01:45 Good governance means leadership must take responsibility for AI 1:02:45 If agentic AI without a human was outlawed, how would companies respond? 1:04:00 We’re seeing tremendous investment without the ROI so far 1:05:00 AI will scale at an exponential rate 1:05:45 We’re seeing gender and regional gaps in AI adoption 1:06:30 The public needs to be empowered with knowledge of AI’s upside 1:07:45 The five best practices for AI adoption 1:09:30 Employees and consumers will see how AI errors play out 1:10:45 Transparency will be key to safe AI deployment 1:12:15 Anne Neuberger joins the Chuck ToddCast 1:12:45 What should AI global governance look like between superpowers? 1:14:00 AI is different than nuclear regulation because it’s developed privately 1:14:45 Was it a mistake to let the private sector spearhead AI development? 1:16:00 Cybersecurity concerns and risks 1:17:15 Cryptocurrency helped criminals evade detection & enforcement 1:18:00 Every ransom payment encourages more cyber attacks & ransomware 1:19:15 Cyber threat intel was shared across governments 1:20:15 Governments extended rules for fiat currencies to cryptocurrencies 1:21:00 Governments had to disincentivize ransom payments 1:22:00 Goal was to help companies recover without paying a ransom 1:22:45 Both companies & government should share burden of security 1:24:15 AI is being framed as an arms race between U.S. and China 1:25:00 AI drug development should be an international win-win 1:26:00 The arms race framing applies to national security applications 1:27:45 The speed of innovation is so fast, a race feels unwinnable 1:29:00 Advantages in AI race will be measured in months, not years 1:29:45 There’s no good military to military comms between U.S. & China 1:32:00 Does government have any chance to effectively regulate AI? 1:32:45 It took a major cyberattack for government to figure out cybersecurity 1:33:30 Government took existing regulations and updated them for digital age 1:35:30 Existing regulations can also be updated to regulate AI without legislation 1:36:30 Should there be an FDA for AI models? 1:37:45 There needs to be a balance between innovation and regulation 1:38:45 Laws trail tech. Need to find regulation that protects the public 1:40:15 AI will transform defensive cybersecurity 1:41:00 AI can double check defensive cyber infrastructure at scale 1:42:45 We need to prepare our defenders, China’s models are 6 months behind 1:43:45 Companies will need help to patch and update their infrastructure 1:44:45 The government has a very key role to play in AI cybersecurity 1:45:45 Government has to clearly identify where the cyber risks are 1:47:30 Thought the AI conversation was important, didn’t want it behind a paywall1:48:30 The most difficult part of AI regulation will be the carrot & stick approach1:49:30 TWO ToddCast Top 5 lists today1:52:15 Winning Democratic presidential candidates are usually first time candidates1:56:15 Top 5 2028 Democratic candidates who have never run for president1:56:30 2026 results will dictate who will eventually have best prospects in 20281:59:30 #5 2026 TBD, could be Rob Sand, Mallory McMorrow…Colbert?2:00:00 #4 Josh Shapiro2:01:00 #3 Gavin Newsom2:02:15 #2 Wes Moore2:03:15 #1 AOC 2:05:15 Top 5 2028 Dem candidates who HAVE run for president2:05:30 #5 Amy Klobuchar2:06:30 #4 Cory Booker2:08:00 #3 Pete Buttigieg2:09:30 #2 Bernie Sanders2:10:30 #1 Kamala Harris2:12:00 Ask Chuck2:12:15 Modern equivalent of the “good government” groups of the 20th century?2:17:00 When should Dems make strategic adjustments vs compromising values?2:20:00 Is a socially conservative, fiscally liberal platform viable?2:22:30 Could co-op’s be a viable solution to modern economic challenges?See omnystudio.com/listener for privacy information.

This episode of the Chuck Toddcast features a deep dive into the AI governance crisis with two of the leading experts in the field. First, Miriam Vogel — president and CEO of EqualAI — joins the show to explain her organization's mission of establishing meaningful AI guardrails at a moment when American consumers are deeply skeptical of big tech and less than 1% of companies have anything resembling strong AI governance policies. Vogel argues that good governance means corporate leadership must take direct responsibility for AI deployment, walks through her five best practices for responsible AI adoption, and pushes back on the idea that federal preemption should override state-level regulation — noting that companies are pushing hard against state regulation precisely because they know most of the actual rules will be written in court cases over the next few years. She warns that we're seeing tremendous investment in AI without commensurate ROI so far, that gender and regional gaps in AI adoption are already emerging, and that the public urgently needs to be empowered with real knowledge about AI's upsides as well as its risks. Vogel asks the question that should keep every executive up at night: are we actually ready for AI to make decisions without humans in the loop? And she argues that transparency — letting employees and consumers see how AI errors play out — will be absolutely essential to safe deployment. Then former Deputy National Security Advisor Anne Neuberger joins to discuss what global AI governance should look like between superpowers, and whether the arms race framing between the U.S. and China is actually helpful or harmful. Neuberger argues AI is fundamentally different from nuclear regulation because it's being developed by the private sector rather than by governments, and questions whether it was a mistake to let the private sector spearhead this technology in the first place. Drawing on her cybersecurity background, she walks through how governments learned to combat ransomware: extending existing rules for fiat currencies to cover cryptocurrencies (which had helped criminals evade detection), disincentivizing ransom payments, and helping companies recover without paying — a template she argues could apply to AI regulation. Neuberger says AI drug development should be an international win-win rather than a zero-sum arms race, but acknowledges the national security applications make competition unavoidable, with advantages now measured in months rather than years and dangerously inadequate military-to-military communication between the U.S. and China. They debate whether an "FDA for AI models" might be necessary, that existing regulations can be updated to cover AI without requiring new legislation, and that AI will ultimately transform defensive cybersecurity by allowing companies to double-check their infrastructure at scale. Her bottom line: laws always trail technology, but governments have key roles to play in identifying cyber risks, helping companies patch their infrastructure, and ensuring America's defenders aren't left behind as Chinese models close the six-month gap. Try ShipStation free for 60 days with full access to all features, No credit card needed! Go to https://ShipStation.com and use code TODDCAST for 60 days for free! Thank you Wildgrain for sponsoring. Visit http://wildgrain.com/TODDCAST and use the code "TODDCAST" at checkout to receive $30 off your first box PLUS free Croissants for life! Link in bio or go to https://getsoul.com & enter code TODDCAST for 30% off your first order. Timeline: (Timestamps may vary based on advertisements) 00:00 Chuck Todd’s introduction 02:45 Miriam Vogel joins the Chuck ToddCast 03:00 Equal AI’s mission is to establish AI guardrails 04:15 American consumers are extremely skeptical of big tech 05:00 Tech companies need to address users’ concerns & questions 07:00 Less than 1% of companies have strong AI governance policies 08:30 Some companies are working hard towards AI best practices 09:30 State vs. federal regulation for tech companies & AI 10:15 Why are companies pushing back against state level regulation? 12:15 Most of AI regulation will come down to the courts 14:00 We need more certainty of expectations from AI companies 16:15 AI is a disruptor, we can’t pretend it won’t be everywhere 17:30 Are we ready for AI to make decisions without humans in the loop? 18:15 Good governance means leadership must take responsibility for AI 19:15 If agentic AI without a human was outlawed, how would companies respond? 20:30 We’re seeing tremendous investment without the ROI so far 21:30 AI will scale at an exponential rate 22:15 We’re seeing gender and regional gaps in AI adoption 23:00 The public needs to be empowered with knowledge of AI’s upside 24:15 The five best practices for AI adoption 26:00 Employees and consumers will see how AI errors play out 27:15 Transparency will be key to safe AI deployment 28:45 Anne Neuberger joins the Chuck ToddCast 29:15 What should AI global governance look like between superpowers? 30:30 AI is different than nuclear regulation because it’s developed privately 31:15 Was it a mistake to let the private sector spearhead AI development? 32:30 Cybersecurity concerns and risks 33:45 Cryptocurrency helped criminals evade detection & enforcement 34:30 Every ransom payment encourages more cyber attacks & ransomware 35:45 Cyber threat intel was shared across governments 36:45 Governments extended rules for fiat currencies to cryptocurrencies 37:30 Governments had to disincentivize ransom payments 38:30 Goal was to help companies recover without paying a ransom 39:15 Both companies & government should share burden of security 40:45 AI is being framed as an arms race between U.S. and China 41:30 AI drug development should be an international win-win 42:30 The arms race framing applies to national security applications 44:15 The speed of innovation is so fast, a race feels unwinnable 45:30 Advantages in AI race will be measured in months, not years 46:15 There’s no good military to military comms between U.S. & China 48:30 Does government have any chance to effectively regulate AI? 49:15 It took a major cyberattack for government to figure out cybersecurity 50:00 Government took existing regulations and updated them for digital age 52:00 Existing regulations can also be updated to regulate AI without legislation 53:00 Should there be an FDA for AI models? 54:15 There needs to be a balance between innovation and regulation 55:15 Laws trail tech. Need to find regulation that protects the public 56:45 AI will transform defensive cybersecurity 57:30 AI can double check defensive cyber infrastructure at scale 59:15 We need to prepare our defenders, China’s models are 6 months behind 1:00:15 Companies will need help to patch and update their infrastructure 1:01:15 The government has a very key role to play in AI cybersecurity 1:02:15 Government has to clearly identify where the cyber risks areSee omnystudio.com/listener for privacy information.

Markets power through a heavy earnings slate. Charles Kantor of Neuberger highlights a sharp pickup in earnings growth and explain what it means for valuations and market leadership. Big names report across sectors. Coinbase, Airbnb, CoreWeave, DraftKings, Expedia, Gilead and Lyft all deliver results that shape sentiment across crypto, travel, tech and biotech. DraftKings CEO Jason Robins reacts to earnings and discuss the outlook for sports betting and consumer demand. John Kolovos of Macro Risk Advisors breaks down the technical picture and explains what the charts are signaling as markets digest the latest moves. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Historian Stephen Forrester examines how Richard Neuberger reshaped Oregon politics and advanced conservation in the U.S. Senate.

Capital markets are pricing in geopolitical uncertainty. AI is reshaping how asset managers compete. And investors are asking harder questions about who they trust with their capital.   George Walker, Neuberger's Chairman and CEO, sits down with Disruptive Forces host Anu Rajakumar to share how he's thinking about all of it — straight from the themes driving his annual letter to stakeholders.   On this episode: Why the global opportunity set is broadening in ways that reward diversification What separates the best private credit managers as differentiation starts to matter more How vehicle innovation — from evergreen funds to active ETFs — is expanding investor access at a historic pace Where AI is already delivering results inside the firm, and what the real work of embedding it looks like Why 100% employee ownership creates the alignment that matters most when markets are under pressure   This communication is provided for informational and educational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. Information is obtained from sources deemed reliable, but there is no representation or warranty as to its accuracy, completeness or reliability. This communication is not directed at any investor or category of investors and should not be regarded as investment advice or a suggestion to engage in or refrain from any investment-related course of action. Neuberger is not providing this material in a fiduciary capacity and has a financial interest in the sale of its products and services. Investment decisions should be made based on an investor's individual objectives and circumstances and in consultation with his or her advisors. All information is current as of the date of this material and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Neuberger products and services may not be available in all jurisdictions or to all client types. This material is not intended as a formal research report and should not be relied upon as a basis for making an investment decision. The firm, its employees and advisory accounts may hold positions of any companies discussed. This material may include estimates, outlooks, projections and other "forward-looking statements." Due to a variety of factors, actual events or market behavior may differ significantly from any views expressed. Investing entails risks, including possible loss of principal. Indexes are unmanaged and are not available for direct investment. Past performance is no guarantee of future results.   Use of Artificial Intelligence Tools. Neuberger may utilize AI tools in its business operations to improve operational efficiency and for assistance in research and analyzing data among other uses. AI tools are dependent on historical data, consequently, if the content or analyses that AI applications assist Neuberger in producing are or are alleged to be deficient, inaccurate, or biased, a client account may be adversely affected. Additionally, AI tools used by Neuberger may produce inaccurate, misleading or incomplete responses that could lead to errors in Neuberger's and its employees' judgement, decision-making, investment research or other business activities, which could have a negative impact on the performance of a client account. The application of AI in investment processes, research, or analysis is evolving and subject to limitations, including data quality, algorithmic biases, and interpretive errors. AI outputs should not be relied upon as the sole basis for investment decisions. No assurance is given regarding the accuracy, completeness, or timeliness of information generated by AI.   This material is being issued on a limited basis through various global subsidiaries and affiliates of Neuberger Berman Group LLC. Please visit www.nb.com/disclosure-global-communications for the specific entities and jurisdictional limitations and restrictions.   The "Neuberger" name and logo are registered service marks of Neuberger Berman Group LLC.   © 2026 Neuberger Berman Group LLC. All rights reserved. M-001966

Tensions with Iran continuing to flare and earnings season is starting to kick into high gear. So, what's at stake for the market's record run? We discuss with Wealth at Neuberger's Shannon Saccocia, iCapital Sonali Basak and BNY Wealth's Alicia Levine. Plus, Wedbush's Matt Bryson tells us what he is expecting from Intel's results in Overtime. And, Ed Yardeni from Yardeni Research tells us the one beaten-down sector he sees as a buying opportunity. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Nos detenemos en una firma fundada en Nueva York en 1939 y que es una firma independiente. Hablamos con Javier Mallo, director general y responsable de clientes en Iberia de la gestora.

For years, some of the most consequential companies in technology have stayed private far longer than historical norms — growing to public-company scale without ever listing a share. Now, a significant pipeline of mega-cap private companies appears headed toward public markets, potentially reshaping the equity landscape when they arrive. The sheer scale of what may be coming is unprecedented: some of these individual offerings could dwarf the largest IPOs in history.   On this episode of Disruptive Forces, host Anu Rajakumar is joined by Renos Savvides, Head of Equity Capital Markets at Neuberger, and Paul Daggett, Managing Director on the Private Investment Portfolios and Co-Investments team, to discuss what's driving the private-to-public shift — and what it means across the investment ecosystem.   Together, they explore how private markets evolved to support companies at a scale that once required public listing, what the 2026 ECM environment actually looks like beneath the headline volatility, why some of the largest IPOs ever contemplated may need to tap non-traditional sources of demand including global retail and passive index flows, how AI is both fueling and complicating the IPO pipeline, what the sequencing of these deals could mean for VC exits and LP capital flows, and where the real access points sit for investors across public and private markets.     This communication is provided for informational and educational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. Information is obtained from sources deemed reliable, but there is no representation or warranty as to its accuracy, completeness or reliability. This communication is not directed at any investor or category of investors and should not be regarded as investment advice or a suggestion to engage in or refrain from any investment-related course of action. Neuberger is not providing this material in a fiduciary capacity and has a financial interest in the sale of its products and services. Investment decisions should be made based on an investor's individual objectives and circumstances and in consultation with his or her advisors. All information is current as of the date of this material and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Neuberger products and services may not be available in all jurisdictions or to all client types. This material is not intended as a formal research report and should not be relied upon as a basis for making an investment decision. The firm, its employees and advisory accounts may hold positions of any companies discussed. This material may include estimates, outlooks, projections and other "forward-looking statements." Due to a variety of factors, actual events or market behavior may differ significantly from any views expressed. Investing entails risks, including possible loss of principal. Indexes are unmanaged and are not available for direct investment. Past performance is no guarantee of future results.   Use of Artificial Intelligence Tools. Neuberger may utilize AI tools in its business operations to improve operational efficiency and for assistance in research and analyzing data among other uses. AI tools are dependent on historical data, consequently, if the content or analyses that AI applications assist Neuberger in producing are or are alleged to be deficient, inaccurate, or biased, a client account may be adversely affected. Additionally, AI tools used by Neuberger may produce inaccurate, misleading or incomplete responses that could lead to errors in Neuberger's and its employees' judgement, decision-making, investment research or other business activities, which could have a negative impact on the performance of a client account. The application of AI in investment processes, research, or analysis is evolving and subject to limitations, including data quality, algorithmic biases, and interpretive errors. AI outputs should not be relied upon as the sole basis for investment decisions. No assurance is given regarding the accuracy, completeness, or timeliness of information generated by AI.   This material is being issued on a limited basis through various global subsidiaries and affiliates of Neuberger Berman Group LLC. Please visit www.nb.com/disclosure-global-communications for the specific entities and jurisdictional limitations and restrictions.   The "Neuberger Berman" name and logo are registered service marks of Neuberger Berman Group LLC.   © 2026 Neuberger Berman Group LLC. All rights reserved. IQ-001749

Neuberger, Christoph www.deutschlandfunkkultur.de, Fazit

Not On Record | EP#205 | Bill C-16 EXPOSED: This New Law Could End Fair Trials Sponsored by EasyDNS https://easydns.com/NotOnRecord In Not on Record Episode 205, criminal defence lawyer Joseph Neuberger and co-host Diana Davison take a deep dive into Bill C-16, the Protecting Victims Act, and explain why the proposed changes could have major consequences for Charter rights, sexual assault trials, domestic assault cases, Jordan delay applications, and the broader administration of justice in Canada. This episode breaks down how Parliament's proposed amendments could reshape the handling of unreasonable delay, restrict the availability of stays of proceedings, and expand procedural burdens in sexual offence proceedings. The discussion explores the new 60-day notice requirements for section 276 applications, the changing rules around section 278 records, the growing role of complainant participation, and the practical problems these reforms may create for defence counsel, judges, and accused persons alike. Joseph and Diana also examine the proposed lack of parity between the defence and the Crown when introducing sexual history evidence, the implications of the Kinnamore decision, and why the new framework may trigger fresh constitutional litigation in Canadian courts. If you follow Canadian criminal law, false allegations, sexual assault law, criminal defence, court delay, Jordan applications, rape shield law, therapeutic records, or the erosion of due process in Canada, this episode is essential viewing. Website: http://www.NotOnRecordpodcast.com Sign up to our email list - http://eepurl.com/hw3g99 Social Media Links Twitter: http://www.twitter.com/NotonRecord Instagram: https://www.instagram.com/notonrecordpodcast/ TikTok: https://www.tiktok.com/@notonrecordpodcast Facebook: https://www.facebook.com/notonrecord Telegram: https://t.me/NotOnRecord Minds: http://www.minds.com/notonrecord Audio Platforms Spotify: https://open.spotify.com/show/4F2ssnX7ktfGH8OzH4QsuX Apple Podcasts: https://podcasts.apple.com/us/podcast/not-on-record-podcast/id1565405753 SoundCloud: https://soundcloud.com/notonrecord Rumble: https://rumble.com/c/c-842207 For more information on criminal law issues go to Neuberger & Partners LLP http://www.nrlawyers.com. Produced by Possibly Correct Media www.PossiblyCorrect.com

Criminal Defence Lawyers Joseph Neuberger, Michael Bury, and YouTube personality, legal researcher and host of the UnTrue Crime podcast Diana Davison, sit down and discuss the aftermath of their trials and the emerging and alarming changes to our legal system. A behind the scenes inside look into real courtroom drama. Website: http://www.NotOnRecordpodcast.com Sign up to our email list - http://eepurl.com/hw3g99 Social Media Links Twitter: http://www.twitter.com/NotonRecord Instagram: https://www.instagram.com/notonrecordpodcast/ TikTok: https://www.tiktok.com/@notonrecordpodcast Facebook: https://www.facebook.com/notonrecord Telegram: https://t.me/NotOnRecord Minds: http://www.minds.com/notonrecord Audio Platforms Spotify: https://open.spotify.com/show/4F2ssnX7ktfGH8OzH4QsuX Apple Podcasts: https://podcasts.apple.com/us/podcast/not-on-record-podcast/id1565405753 SoundCloud: https://soundcloud.com/notonrecord Rumble: https://rumble.com/c/c-842207 For more information on criminal law issues go to Neuberger & Partners LLP http://www.nrlawyers.com. Produced by Possibly Correct Media www.PossiblyCorrect.com

Credit index spreads have been largely unchanged this year — but the calm surface belies a more complex picture underneath. Rising dispersion, AI-driven disruption fears, widening BDC spreads, and the military conflict in the Middle East are reshaping the risk landscape for fixed income investors — without much additional compensation showing up at the credit index level.  On this episode of Disruptive Forces, host Anu Rajakumar sits down with Ashok Bhatia, Neuberger's Chief Investment Officer and Global Head of Fixed Income, to unpack what's really going on beneath the surface in credit markets. Together, they discuss the growing pressure on BDCs and their software loan exposures, why a crude oil price spike historically favors Fed easing over hiking, how AI disruption is forcing a repricing of software company capital structures, labor market risks that could unlock additional Fed cuts, and where Neuberger's fixed income team is selectively finding opportunity across emerging markets, repriced technology names, and more.   This communication is provided for informational and educational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. Information is obtained from sources deemed reliable, but there is no representation or warranty as to its accuracy, completeness or reliability. This communication is not directed at any investor or category of investors and should not be regarded as investment advice or a suggestion to engage in or refrain from any investment-related course of action. Neuberger Berman is not providing this material in a fiduciary capacity and has a financial interest in the sale of its products and services. Investment decisions should be made based on an investor's individual objectives and circumstances and in consultation with his or her advisors. All information is current as of the date of this material and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Neuberger Berman products and services may not be available in all jurisdictions or to all client types. This material is not intended as a formal research report and should not be relied upon as a basis for making an investment decision. The firm, its employees and advisory accounts may hold positions of any companies discussed. This material may include estimates, outlooks, projections and other "forward-looking statements." Due to a variety of factors, actual events or market behavior may differ significantly from any views expressed. Investing entails risks, including possible loss of principal. Indexes are unmanaged and are not available for direct investment. Past performance is no guarantee of future results.  Use of Artificial Intelligence Tools. Neuberger Berman may utilize AI tools in its business operations to improve operational efficiency and for assistance in research and analyzing data among other uses. AI tools are dependent on historical data, consequently, if the content or analyses that AI applications assist Neuberger in producing are or are alleged to be deficient, inaccurate, or biased, a client account may be adversely affected. Additionally, AI tools used by Neuberger may produce inaccurate, misleading or incomplete responses that could lead to errors in Neuberger's and its employees' judgement, decision-making, investment research or other business activities, which could have a negative impact on the performance of a client account. The application of AI in investment processes, research, or analysis is evolving and subject to limitations, including data quality, algorithmic biases, and interpretive errors. AI outputs should not be relied upon as the sole basis for investment decisions. No assurance is given regarding the accuracy, completeness, or timeliness of information generated by AI. This material is being issued on a limited basis through various global subsidiaries and affiliates of Neuberger Berman Group LLC. Please visit www.nb.com/disclosure-global-communications for the specific entities and jurisdictional limitations and restrictions. The "Neuberger Berman" name and logo are registered service marks of Neuberger Berman Group LLC. © 2026 Neuberger Berman Group LLC. All rights reserved. WF2921150  

In this episode, Lex chats with Yoshi Yokokawa, CEO of Alpaca — a brokerage infrastructure company that provides API-based trading and custody services to fintechs and developers globally. The conversation begins with their shared experience at Lehman Brothers during the 2008 financial crisis, where Yoshi worked in fixed income securitization and learned that even when market participants sense a bubble, they keep dancing because timing the exit is impossible. After Lehman's collapse, Yoshi pursued entrepreneurship, building a computer vision AI company acquired by Kyocera before founding Alpaca in 2017. Initially inspired by Robinhood, Yoshi pivoted after experiencing firsthand the friction of accessing brokerage infrastructure—realizing the deeper opportunity was building API-first brokerage rails for developers. Today Alpaca powers 9 million accounts through 300+ partners across 45 countries, recently raising $150 million at a unicorn valuation. The discussion explores how Alpaca follows Robinhood's product roadmap to anticipate partner demand, the challenges of adding crypto, and Yoshi's thesis that finance is undergoing a generational shift from digital to on-chain operations. Lex shares examples of legacy infrastructure dysfunction—from faxing PDFs to TD Ameritrade in 2012 to the Synapse collapse caused by manual CSV uploads—illustrating why Alpaca built its own custody and ledger systems as a path to competing in the $350 trillion global securities custody market. NOTABLE DISCUSSION POINTS: Alpaca's biggest breakthrough was not a better investing app idea, but recognizing that the real bottleneck was brokerage infrastructure. Yokokawa and team initially explored B2C product concepts, but pivoted once they experienced firsthand how painful broker-dealer setup, custody, and clearing integrations were. For readers building fintech, this is a huge lesson: the highest-value opportunity is often the “invisible” infrastructure pain, not the user-facing feature set. They found product-market fit by starting with a narrow wedge (API for automated traders) and only then expanding into a broader platform (Broker API for fintech apps). Alpaca did not begin by serving large fintechs; it first attracted power users who urgently needed programmable execution, then used inbound demand (“can I build my own Robinhood?”) as proof to build account opening, reporting, and full brokerage APIs. This is a valuable go-to-market pattern for infrastructure startups: win with a sharp use case, then expand into the system of record. Yokokawa's core strategic edge is full-stack control of licenses, memberships, and ledger technology rather than relying on legacy vendors. He explicitly ties this to lessons from historical fintech fragility (manual workflows, broken reconciliations, middleware failures) and argues that owning the custody/clearing layer is what makes Alpaca defensible long term. For readers, this is the key takeaway on moat-building in financial services: if you don't control the ledger and operational core, your product may scale faster at first but remains structurally fragile. TOPICS Alpaca, Lehman Brothers, Barclays, Nomura, Neuberger Berman, Blackrock, Robinhood, Interactive Brokers, TD Ameritrade, BNY Mellon, Brokerage infrastructure, API, trading, tokenization, embedded finance, fintech, crypto, web3   ABOUT THE FINTECH BLUEPRINT

Scott Neuberger, Co-Founder and Managing Partner at Karmel Capital, shares how later-stage secondaries can provide access to high-quality technology companies. Learn how to assess capital efficiency, management quality and growth durability using data and market signals, and get a repeatable lens for evaluating technology businesses.The conversation also sharpens how to think about AI investing over a realistic time horizon. Hear how to identify where value is likely to accrue over the next few years, why infrastructure matters in periods of rapid change and what concrete indicators suggest a credible path to liquidity in uncertain exit markets.   

This episode of the Meaningful People Podcast features Dovi Neuburger, a popular comedian and influencer who grew up as the son of a prominent rabbi and built his brand by poking at the frum world from the inside. In this conversation, he opens up about guilt over influencing younger followers, using religious culture as comedy material, and whether Jewish "inspiration" today is actually inspiration or just kosher entertainment. He challenges institutions, questions tuition, takes aim at the over-correction of emotional Judaism, and doesn't shy away from uncomfortable debates about shidduchim, schools, and community politics    It's funny, sharp, and at times confrontational. From Rabbi's son stereotypes to anti-Semitism content, from Thank You Hashem culture to whether kids should ever be thrown out of yeshiva, this episode doesn't tiptoe around anything. This episode was made possible thanks to our sponsors: ► PZ Deals   Download the app and never pay full price again!   https://app.pz.deals/install/mpp    _________________   ► Colel Chabad Pushka App   The easiest way to give Tzedaka   https://pushkapp.cc/meaningful   _________________   ► Batya Kitchen   150+ Gluten-Free, Non-Gebrokts Recipes, Make-Ahead Tips, Holiday Guides, and Everything You Need for a Calm, Beautiful Pesach. Order now on Amazon.   https://amzn.to/4a1S1x7   _________________   ► Ness Vacation Homes   EDEN GARDENS' LARGEST LUXURY HOME COLLECTION  Handpicked, high-end homes available exclusively through Ness. OPTIONAL PROGRAM-LEVEL PESACH EXPERIENCE  Upgrade your stay with a complete A–Z Pesach setup, including kitchen preparation, catered meals, and fully arranged details by Glatt Gourmet.   https://nessvacationhomes.com/   _________________   ►Rothenberg Law Firm   Personal Injury Law Firm For 50+ years! Reach out Today for Free Case Evaluation   https://shorturl.at/JFKHH   _________________   ► Town Appliance   Visit the website or message them on WhatsApp   https://www.townappliance.com https://bit.ly/Townappliance_whatsapp   

Global bond markets are starting to diverge again. After years of moving in near lockstep, correlations are breaking down as political and fiscal paths split across regions. The balance for investors is pursuing income, diversification, and flexibility without making an all-or-nothing "sell the U.S." call.   On this episode of Disruptive Forces, host Anu Rajakumar speaks with Paul Grainger, Senior Portfolio, Multi-Sector, about what this new regime means for fixed income investors. They discuss where relative value is emerging across Europe, Japan, and emerging markets, how to think about credit in a tight-spread environment, and why a global approach can help investors stay nimble.     This communication is provided for informational and educational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. Information is obtained from sources deemed reliable, but there is no representation or warranty as to its accuracy, completeness or reliability. This communication is not directed at any investor or category of investors and should not be regarded as investment advice or a suggestion to engage in or refrain from any investment-related course of action. Neuberger Berman is not providing this material in a fiduciary capacity and has a financial interest in the sale of its products and services. Investment decisions should be made based on an investor's individual objectives and circumstances and in consultation with his or her advisors. All information is current as of the date of this material and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Neuberger Berman products and services may not be available in all jurisdictions or to all client types. This material is not intended as a formal research report and should not be relied upon as a basis for making an investment decision. The firm, its employees and advisory accounts may hold positions of any companies discussed. This material may include estimates, outlooks, projections and other "forward-looking statements." Due to a variety of factors, actual events or market behavior may differ significantly from any views expressed. Investing entails risks, including possible loss of principal. Indexes are unmanaged and are not available for direct investment. Past performance is no guarantee of future results.    Use of Artificial Intelligence Tools. Neuberger Berman may utilize AI tools in its business operations to improve operational efficiency and for assistance in research and analyzing data among other uses. AI tools are dependent on historical data, consequently, if the content or analyses that AI applications assist Neuberger in producing are or are alleged to be deficient, inaccurate, or biased, a client account may be adversely affected. Additionally, AI tools used by Neuberger may produce inaccurate, misleading or incomplete responses that could lead to errors in Neuberger's and its employees' judgement, decision-making, investment research or other business activities, which could have a negative impact on the performance of a client account.    The application of AI in investment processes, research, or analysis is evolving and subject to limitations, including data quality, algorithmic biases, and interpretive errors. AI outputs should not be relied upon as the sole basis for investment decisions. No assurance is given regarding the accuracy, completeness, or timeliness of information generated by AI. This material is being issued on a limited basis through various global subsidiaries and affiliates of Neuberger Berman Group LLC. Please visit www.nb.com/disclosure-global-communications for the specific entities and jurisdictional limitations and restrictions.    The "Neuberger Berman" name and logo are registered service marks of Neuberger Berman Group LLC.    © 2026 Neuberger Berman Group LLC. All rights reserved. WF2861750

Historian Stephen Forrester examines how Richard Neuberger reshaped Oregon politics and advanced conservation in the U.S. Senate.

Real estate has gone through a painful reset—higher rates, lower values, and slower deal activity have pressured fundraising, distributions, and exit timelines. But for investors who provide flexible, platform-level capital, dislocation can create attractive entry points. Meanwhile, AI and data centers are reshaping demand, housing affordability remains a structural challenge, and the office segment is still under strain.   On this episode of Disruptive Forces, host Anu Rajakumar speaks with David Haltiner, Managing Director at Neuberger's Almanac Realty Investors, which is marking 30 years of company-level real estate investing. They discuss how platform recapitalizations work, where the team is leaning in across sectors, and what investors may be overlooking in today's market.       This communication is provided for informational and educational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. Information is obtained from sources deemed reliable, but there is no representation or warranty as to its accuracy, completeness or reliability. This communication is not directed at any investor or category of investors and should not be regarded as investment advice or a suggestion to engage in or refrain from any investment-related course of action. Neuberger Berman is not providing this material in a fiduciary capacity and has a financial interest in the sale of its products and services. Investment decisions should be made based on an investor's individual objectives and circumstances and in consultation with his or her advisors. All information is current as of the date of this material and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Neuberger Berman products and services may not be available in all jurisdictions or to all client types. This material is not intended as a formal research report and should not be relied upon as a basis for making an investment decision. The firm, its employees and advisory accounts may hold positions of any companies discussed. This material may include estimates, outlooks, projections and other "forward-looking statements." Due to a variety of factors, actual events or market behavior may differ significantly from any views expressed. Investing entails risks, including possible loss of principal. Indexes are unmanaged and are not available for direct investment. Past performance is no guarantee of future results.    Use of Artificial Intelligence Tools. Neuberger Berman may utilize AI tools in its business operations to improve operational efficiency and for assistance in research and analyzing data among other uses. AI tools are dependent on historical data, consequently, if the content or analyses that AI applications assist Neuberger in producing are or are alleged to be deficient, inaccurate, or biased, a client account may be adversely affected. Additionally, AI tools used by Neuberger may produce inaccurate, misleading or incomplete responses that could lead to errors in Neuberger's and its employees' judgement, decision-making, investment research or other business activities, which could have a negative impact on the performance of a client account.    The application of AI in investment processes, research, or analysis is evolving and subject to limitations, including data quality, algorithmic biases, and interpretive errors. AI outputs should not be relied upon as the sole basis for investment decisions. No assurance is given regarding the accuracy, completeness, or timeliness of information generated by AI. This material is being issued on a limited basis through various global subsidiaries and affiliates of Neuberger Berman Group LLC. Please visit www.nb.com/disclosure-global-communications for the specific entities and jurisdictional limitations and restrictions.    The "Neuberger Berman" name and logo are registered service marks of Neuberger Berman Group LLC.    © 2026 Neuberger Berman Group LLC. All rights reserved. WF2861750

In this episode of Not On Record, we dig into a real-world nightmare scenario: a sexual assault conviction based largely on credibility, followed by a late-stage application to reopen the trial because video evidence exists that directly undermines the accepted narrative. We break down how “fresh evidence” works before sentencing, why judges can still have jurisdiction to reopen proceedings, and why **real-time evidence** (video, audio, messages) can outweigh after-the-fact memory claims and assumptions about what someone “would never” do. We also tackle a developing legal battleground: does a surreptitious recording change the nature of consent (sexual assault by fraud), or is it better addressed through voyeurism and related offences? Along the way, we connect the dots between the screening regime for private records, the Palmer fresh evidence framework, and the Supreme Court's evolving approach to “conditions” around sexual activity including the ongoing fallout from Kirkpatrick / Hutchinson. Watch the related Supreme Court hearing (scheduled):Jordan Bilinski v. His Majesty the King (Alberta), SCC file 42030, set for February 9, 2026 at 9:30 a.m. (publication ban noted). Website: http://www.NotOnRecordpodcast.com Sign up to our email list - http://eepurl.com/hw3g99 Social Media Links Twitter: http://www.twitter.com/NotonRecord Instagram: https://www.instagram.com/notonrecordpodcast/ TikTok: https://www.tiktok.com/@notonrecordpodcast Facebook: https://www.facebook.com/notonrecord Telegram: https://t.me/NotOnRecord Minds: http://www.minds.com/notonrecord Audio Platforms Spotify: https://open.spotify.com/show/4F2ssnX7ktfGH8OzH4QsuX Apple Podcasts: https://podcasts.apple.com/us/podcast/not-on-record-podcast/id1565405753 SoundCloud: https://soundcloud.com/notonrecord Rumble: https://rumble.com/c/c-842207 For more information on criminal law issues go to Neuberger & Partners LLP http://www.nrlawyers.com. Produced by Possibly Correct Media www.PossiblyCorrect.com

AI-related bond issuance is surging, reshaping the opportunity set for fixed-income investors. In addition to robust U.S. growth, constrained inflation, and an attractive opportunities beyond the U.S., investors must also navigate greater tail risks, more complex financing structures, and rising political uncertainty around AI and energy use.    On this episode of Disruptive Forces, host Anu Rajakumar sits down with Ashok Bhatia, Neuberger's Chief Investment Officer and Global Head of Fixed Income, to unpack the AI financing boom and its implications for bond markets. Together, they discuss the surge in hyperscaler issuance, evolving structures, and how Neuberger's own investment teams are using AI to enhance research, portfolio construction, and day-to-day decision-making.       This communication is provided for informational and educational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. Information is obtained from sources deemed reliable, but there is no representation or warranty as to its accuracy, completeness or reliability. This communication is not directed at any investor or category of investors and should not be regarded as investment advice or a suggestion to engage in or refrain from any investment-related course of action. Neuberger Berman is not providing this material in a fiduciary capacity and has a financial interest in the sale of its products and services. Investment decisions should be made based on an investor's individual objectives and circumstances and in consultation with his or her advisors. All information is current as of the date of this material and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Neuberger Berman products and services may not be available in all jurisdictions or to all client types. This material is not intended as a formal research report and should not be relied upon as a basis for making an investment decision. The firm, its employees and advisory accounts may hold positions of any companies discussed. This material may include estimates, outlooks, projections and other "forward-looking statements." Due to a variety of factors, actual events or market behavior may differ significantly from any views expressed. Investing entails risks, including possible loss of principal. Indexes are unmanaged and are not available for direct investment. Past performance is no guarantee of future results.    Use of Artificial Intelligence Tools. Neuberger Berman may utilize AI tools in its business operations to improve operational efficiency and for assistance in research and analyzing data among other uses. AI tools are dependent on historical data, consequently, if the content or analyses that AI applications assist Neuberger in producing are or are alleged to be deficient, inaccurate, or biased, a client account may be adversely affected. Additionally, AI tools used by Neuberger may produce inaccurate, misleading or incomplete responses that could lead to errors in Neuberger's and its employees' judgement, decision-making, investment research or other business activities, which could have a negative impact on the performance of a client account.    The application of AI in investment processes, research, or analysis is evolving and subject to limitations, including data quality, algorithmic biases, and interpretive errors. AI outputs should not be relied upon as the sole basis for investment decisions. No assurance is given regarding the accuracy, completeness, or timeliness of information generated by AI.   This material is being issued on a limited basis through various global subsidiaries and affiliates of Neuberger Berman Group LLC. Please visit www.nb.com/disclosure-global-communications for the specific entities and jurisdictional limitations and restrictions.    The "Neuberger Berman" name and logo are registered service marks of Neuberger Berman Group LLC.  © 2026 Neuberger Berman Group LLC. All rights reserved. WF2830800

Despite all the negative headlines around private credit, Neuberger Berman says direct loans pay a lot more than traded debt and barely make a loss. “We pretty consistently see a 200 basis point differential,” Susan Kasser, the gobal investment management firm’s head of private debt, tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s David Havens in this episode of the Credit Edge podcast. “Our annualized loss rates are one basis point,” she adds. They also discuss how artificial intelligence helps to pinpoint investment opportunities and why private markets will probably continue to get bad press.See omnystudio.com/listener for privacy information.

#427> To purchase the book: https://mosaicapress.com/product/together-forever/?sld=seforimchatter. Use code CHATTER for 15% off> To join the SeforimChatter WhatsApp community: https://chat.whatsapp.com/DZ3C2CjUeD9AGJvXeEODtK> To join the SeforimChatter WhatsApp status: https://wa.me/message/TI343XQHHMHPN1>  To support the podcast or to sponsor an episode follow this link: https://seforimchatter.com/support-seforimchatter/or email seforimchatter@gmail.com (Zelle/QP this email address)Support the show

Amid policy crosscurrents and accelerating AI adoption, investors face a backdrop where productivity tailwinds and easing biases in some regions contrast with tougher conditions elsewhere. So how should investors lean into duration, balance AI enablers versus adopters, and pursue compelling private markets opportunities?   On this episode of Disruptive Forces, host Anu Rajakumar sits down with Shannon Saccocia, CIO for Wealth, and Maya Bhandari, CIO for Multi-Asset EMEA, to unpack Neuberger's Solving for 2026 market outlook. Together, they cover AI's next phase, multi-sector fixed income positioning, and the role of secondaries and co-investments—while outlining risks from policy missteps to power constraints and credit.     This communication is provided for informational and educational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. Information is obtained from sources deemed reliable, but there is no representation or warranty as to its accuracy, completeness or reliability. This communication is not directed at any investor or category of investors and should not be regarded as investment advice or a suggestion to engage in or refrain from any investment-related course of action. Neuberger Berman is not providing this material in a fiduciary capacity and has a financial interest in the sale of its products and services. Investment decisions should be made based on an investor's individual objectives and circumstances and in consultation with his or her advisors. All information is current as of the date of this material and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Neuberger Berman products and services may not be available in all jurisdictions or to all client types. This material is not intended as a formal research report and should not be relied upon as a basis for making an investment decision. The firm, its employees and advisory accounts may hold positions of any companies discussed. This material may include estimates, outlooks, projections and other "forward-looking statements." Due to a variety of factors, actual events or market behavior may differ significantly from any views expressed. Investing entails risks, including possible loss of principal. Indexes are unmanaged and are not available for direct investment. Past performance is no guarantee of future results.    This material is being issued on a limited basis through various global subsidiaries and affiliates of Neuberger Berman Group LLC. Please visit www.nb.com/disclosure-global-communications for the specific entities and jurisdictional limitations and restrictions.    The "Neuberger Berman" name and logo are registered service marks of Neuberger Berman Group LLC.  © 2025 Neuberger Berman Group LLC. All rights reserved.

On episode 221 of The Compound and Friends, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Downtown Josh Brown⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ are joined by Joe Weisenthal and Tracy Alloway to discuss: Dow 50,000, AI and the market, cash on the sidelines, the Fed's latest move, 10 years of Odd Lots, and much more! This episode is sponsored by Neuberger Berman and Apex Fintech Solutions. Learn more about NBSD and get important information at https://www.nb.com/nbsd. NBSD from Neuberger. Learn more at https://apexfintechsolutions.com/augmented-advice Sign up for The Compound Newsletter and never miss out: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠thecompoundnews.com/subscribe⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠instagram.com/thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠twitter.com/thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ LinkedIn: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠linkedin.com/company/the-compound-media/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ TikTok: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠tiktok.com/@thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ NB Disclosure: Investors should consider the Fund's investment objectives, risks, fees, and expenses carefully before investing. This and other important information can be found in the Fund's prospectus, and, if available, summary prospectus, which you can obtain by calling 877.628.2583. Please read the prospectus, and, if available, the summary prospectus, carefully before making an investment. Neuberger Berman BD LLC, is the distributor of the Fund and a FINRA member. Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ritholtz Wealth Management⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/advertising-disclaimers⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/podcast-youtube-disclosures/⁠⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

  Will future wars be decided by who controls space—cyber and outer—and which superpower has better paired geostrategic thinking with emerging technologies? Anne Neuberger, the Hoover Institution's William C. Edwards Distinguished Visiting Fellow and a former White House and Pentagon cyber policy advisor, joins GoodFellows regulars Sir Niall Ferguson, John H. Cochrane, and Lt. Gen. H.R. McMaster to discuss what she sees as a “cyber gap” between China and America, the need for the US to rethink traditional weapons platforms (hello, drones), plus how Dwight Eisenhower's warning of a “military industry complex” is being redefined by the tech sector's growing role in present-day and future warfare. After that: the three fellows weigh the significance of a utopian socialist recently elected mayor of a very capitalist New York City, a new “algocracy” (algorithms running the government) in Albania, the UK's fabled BBC in hot water over alleged editorial bias, plus whether the “war of the tomorrow” may be in . . . Venezuela? Subscribe to GoodFellows for clarity on today's biggest social, economic, and geostrategic shifts — only on GoodFellows.

On episode 209 of The Compound and Friends, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Downtown Josh Brown⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ are joined by Tom Sosnoff⁠ to discuss: what it takes to become a trader, how Tom got into the business, his experience selling thinkorswim to TD-Ameritrade, Chicago vs NYC, and much more! This episode is sponsored by Neuberger Berman and Apex Fintech Solutions Learn more about NBSD and get important information at https://www.nb.com/nbsd. NBSD from Neuberger. Investors should consider the Fund's investment objectives, risks, fees, and expenses carefully before investing. This and other important information can be found in the Fund's prospectus, and, if available, summary prospectus, which you can obtain by calling 877.628.2583. Please read the prospectus, and, if available, the summary prospectus, carefully before making an investment. Neuberger Berman BD LLC, is the distributor of the Fund and a FINRA member. Learn more about Apex at https://apexfintechsolutions.com/augmented-advice Sign up for The Compound Newsletter and never miss out: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠thecompoundnews.com/subscribe⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠instagram.com/thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠twitter.com/thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ LinkedIn: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠linkedin.com/company/the-compound-media/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ TikTok: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠tiktok.com/@thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ritholtz Wealth Management⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/advertising-disclaimers⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices