Gold Reasserts Lead Over Bitcoin as Top Hedge

<p>Watch Scarlet and Paul LIVE every day on YouTube:&nbsp;<a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.</p> <p>Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu<br /><br />- Mike McGlone, Bloomberg Intelligence Senior Commodity Strategist, discusses while Bitcoin has tumbled more than 30% since October amid a brutal unwinding of speculative excess, gold has quietly held its ground, consolidating above $4,000 after a record-setting rally earlier this year. The crypto crowd has long claimed their investment shares gold&rsquo;s appeal - a hedge against fiat debasement and inflation - only newer, shinier, and flashier. That thesis has come under serious pressure in macro markets: Year-to-date, gold is up more than 50%, while Bitcoin is down roughly 7%.<br /><br />- Sam Fazeli, Bloomberg Intelligence, Director of Research for Global Industries and Senior Pharmaceuticals, discusses how a pill version of Novo Nordisk's Ozempic failed to slow the progression of Alzheimer&rsquo;s disease in a pair of long-shot studies that aimed to open up a new use for blockbuster obesity drugs.<br /><br />-Matthew Schettenhelm, Bloomberg Intelligence Media Litigation Analyst, discusses how for Nexstar, Sinclair and other US media broadcasters, a key opportunity is being pursued in the easing of US regulations on owning TV and radio stations. Though President Trump's Nov. 23 social-media post expressing concern about letting broadcasting networks expand heightens a key risk that we've warned of -- Trump can be unpredictable, and the FCC probably won't deregulate if he is opposed -- we don't yet see Trump's stance as thwarting the FCC's easing of a 39% US ownership cap.<br /><br /></p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>