The trade war between the US and China is on pause, with both sides hoping to agree on a new trade deal by early August. But questions remain about how realistic that timetable could be, given the challenges facing the world’s two largest economies, who both collaborate and compete with one another.

On today’s Big Take podcast, Former US Ambassador to China Nicholas Burns joins host David Gura to discuss the trade war, the challenges facing his successor and what he’s telling foreign policy students who are worried about the future of diplomacy. “We’ve gotta steel ourselves for the next decade or two to a historic competition with China. And China right now is stronger.”

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Despite the global hype around China’s DeepSeek, very little is known about the man behind it – Liang Wenfeng.

On today's Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg's Saritha Rai about the tech founder who led DeepSeek to the frontline of AI advances and what the company’s rise tells us about the battle for AI dominance.

Further listening: Why DeepSeek Sent Nvidia, Other Tech Stocks Tumbling

Watch, from Originals: How China’s DeepSeek Came for Big AI

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In a stunning turn of events, the US and China announced a dramatic reduction in tariffs, which President Trump portrayed as a “total reset” with China. Stocks rose following the news, but what lies ahead once the 90-day reprieve expires remains uncertain.

On today’s Big Take podcast, Bloomberg Treasury reporter Dan Flatley joins host David Gura to discuss the major takeaways from these latest negotiations and what they could mean for the world’s two largest economies.

Read more:

• ‘Buy America’ Sweeps Across Global Markets After Trade Talks
• China Tariff Relief Spurs Shipping Rush, U-Turn on Price Hikes
• Nasdaq 100 Enters Bull Market After US-China Truce: Markets Wrap

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Last week, India and Pakistan saw the worst fighting in half a century — and came close to an all-out war. But the conflict came to an uneasy and sudden halt after Donald Trump declared the two countries reached a ceasefire.

On today’s Big Take Asia Podcast, Rebecca Choong Wilkins talks to Bloomberg’s Dan Strumpf about how the deadly clashes and ceasefire unfolded and the implications of US mediation in the decades-old conflict.

Read more: Trump Truce Leaves India Furious, Pakistan Elated as Risks Loom

Further listening: The Rise of Modi, Part 1: Why India’s Leader Is So Popular – and Polarizing

The Rise of Modi, Part 2: How India’s Leader Came Back From the Brink

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In late 2018, five years after launching fish-feeding company eFishery, Gibran Huzaifah found himself all out of cash. To save his business, the CEO started plugging fake numbers into financial reports. The brighter picture drew hundreds of millions of investor dollars. But his house of cards was doomed to collapse.

On today's Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg's David Ramli about the fall of eFishery and what it says about the risks of venture capital investing.

Read more: CEO Explains How He Faked Results in $300 Million Meltdown

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A new series from the Big Take podcast investigates the booming market for human eggs.

In this episode, host Sarah Holder and Bloomberg’s Jessica Brice focus on the Kemptons, an Australian couple who needed donor eggs to get pregnant. They wanted access to a market they felt offered transparency. They especially wanted information about potential donors. What followed was an around-the-world quest to create a family — filled with promise, gutting losses and extreme cost.

Read more: The Egg

Listen to the rest of the series: The Human Egg Trade: Episode 1 - The Lie
The Human Egg Trade: Episode 2 - The Theft

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A new series from the Big Take podcast investigates the booming market for human eggs. It’s a global and opaque market where demand is so great, that even where regulations are in place, there are powerful incentives to evade them.

In this episode, host Sarah Holder and Bloomberg’s Vernon Silver focus on one fertility clinic in Greece that police say stole the eggs of as many as 75 women. It’s a story that shows how the actions of one clinic can have ripple effects around the world and reveals the unique ways that the fertility industry runs not only on capital, but on trust.

Read more: The Egg
Listen to the rest of the series: The Human Egg Trade: Episode 1 - The Lie
The Human Egg Trade: Episode 3 - The Journey

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A series from the Big Take podcast investigates the booming market for human eggs. It’s a global and opaque market where demand is so great, that even where regulations are in place, there are powerful incentives to evade them.

In this episode, host Sarah Holder is joined by Bloomberg’s Natalie Obiko Pearson to unpack an investigation in India that revealed how far some people will go to get a cut of this trade, even if it means exploiting a child.

Read more: The Egg
Listen to the rest of the series:The Human Egg Trade: Episode 2 - The Theft
The Human Egg Trade: Episode 3 - The Journey

See omnystudio.com/listener for privacy information.