Bloomberg Money is a new, weekly podcast focused on YOUR money. Listen for wealth strategies, retirement tips and a personal finance insights. Join Tom Keene and Scarlet Fu for new episodes every Friday.

Listen on Apple: https://podcasts.apple.com/us/podcast/bloomberg-money/id6803227140
Listen on Spotify: https://open.spotify.com/show/3lvzLLAZMdrxTB6y68Nb5g

See omnystudio.com/listener for privacy information.

The Federal Reserve Bank of Kansas City’s annual economic symposium in Jackson Hole, Wyoming featured Kevin Warsh’s first speech as chairman. Warsh used his keynote speech to hammer home a message that curbing inflation is the central bank’s top priority. While parts of the speech served to double down on his stated determination to avoid offering guidance to financial markets on the direction of interest rates, Warsh did finally provide some insight into how he views the economy. That helped relieve some frustration among investors and added drama to the Fed’s next policy meeting.

Also this weekend, President Donald Trump announced he was moving to rename Lake Ontario as Lake America, escalating his clash with Canada after trade negotiations between the two nations collapsed. Trump said the move would take place “effective immediately” and the Interior Department had 30 days to change the name in federal databases and materials.

On today's show, Bloomberg This Weekend hosts Christina Ruffini and Bailey Lipschultz speak with:

- Former Trump Senior Economic adviser Stephen Moore, who says inflation remains too high for the Federal Reserve to cut interest rates.

- Representative Raja Krishnamoorthi (D-Illinois), on his criticism of the administration’s trade fight with Canada.

- Bloomberg News Consumer Finance Reporter Lisa Du, on clothing company Shein heading toward a Hong Kong listing at a valuation of about $26.5 billion, roughly a quarter of its 2022 peak.

- Bloomberg News Biotech & Healthcare Reporter Avalon Pernell, on the drugmakers developing a new generation of hair loss treatments, including lotions, pills and longer-lasting injections, targeting a market of tens of millions of Americans.

Plus, Christina, Bailey, and Lisa Mateo play Pointed: The News Quiz for Risk Takers.

For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.

(Correct: Corrects our reporter's remarks at :34:00-:34:35 to specify that based on current publicly available data, the new generation of hair loss drugs have not shown the same side effects as previous medications.)

See omnystudio.com/listener for privacy information.

Nepal is seeking international help to cope with the aftermath of catastrophic flash floods that have left nearly 3,000 people missing along the mountainous border with China. At least 626 people have been confirmed dead while 2,426 remain unaccounted for, including hundreds of foreigners from India, Malaysia, Australia and the US. Nepal is considering convening an international donor conference to assist with reconstruction, with the government saying it needs international assistance for rehabilitation and reconstruction due to the significant scale of devastation.

Also this weekend, a flood of lawsuits against social media giants claim that the companies are causing serious harm to young users by engineering their platforms to be hard to resist. Meta agreed to pay as much as $18 billion to resolve claims by state attorneys general over social media safety and privacy, and will also put new guardrails on its platforms.

On today's show, Bloomberg This Weekend hosts Christina Ruffini and Bailey Lipschultz speak with:

- Dan Strumpf, Bloomberg Senior Reporter, on the rescue and recovery operations in Nepal after a glacial collapse triggered catastrophic flooding.

- Beeban Kidron, UK House of Lords National Security Strategy Committee Member, on the new protections for young users included in Meta's child safety settlement.

- Bloomberg News Africa Senior Reporter Antony Sguazzin on the $700 cash grants transforming lives in Malawi.

- Content Creator Macy Gilliam what it truly takes to make clothing from scratch.

Plus, Christina, Bailey, and Nathan Hager discuss the stories you might have missed this week on BTW.

For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.

See omnystudio.com/listener for privacy information.