Free Daily Podcast Summary
Behind the Business with Michelle Toh: Daily Summaries Delivered
by Michelle Toh
Behind the Business is a new podcast and video series hosted by CNN and FORTUNE alum Michelle Toh that aims to explore the decisions and philosophies behind some of today's most influential leaders.Recorded in studios across the US as a special interview series, the show is grounded in the belief that business is in fact personal, providing the backstories of founders, corporate leaders, investors and creators and how they push through to make the most of both work and life each day.What's the worst day you've faced at your company? How do you cope with crisis or rejection? Or what's a pinch-me moment you'll never forget? In each episode, our guests get into it all. Coming out Fall 2025. New episodes Thursdays.
Latest Episodes
The most recent episodes — sign up to get AI-powered summaries of each one.
- 1 weeks ago57 min
'Everyone had a black luggage': How Away shook up the travel industry
This week, Away CEO Jessica Schinazi takes us behind one of the most recognizable names in travel — and what it takes to keep building when the market moves faster than ever. In this conversation, we dive into: 00:00: Introduction 02:04: From Brazil and France to building a life in New York 02:41: How family dynamics shaped Jessica’s leadership style 03:16: Leadership lessons from Dyson, Amazon and LVMH 06:09: Away’s brand strategy and competitive advantage 08:48: Joining Away at a pivotal moment 11:11: How Away navigated previous leadership challenges and COVID 14:18: Jessica’s approach to fostering a positive company culture 16:17: First priorities as CEO: Why Jessica spent her first year visiting every Away store and factory before putting her strategy in place 19:07 Ad 20:06: Where Away sees opportunity in the market 21:05: Away’s social media and lifestyle marketing strategy 23:32: How brands can navigate copycats and dupes 26:09 Ad 27:31: How Away navigates challenges in a volatile business landscape 29:08: How Away, a poster child of the DTC boom, is expanding into retail and wholesale 32:22: Finding the balance between DTC and wholesale 33:58: Away’s brand partnership strategy 36:48: How Away is rethinking its products around different travelers' pain points — including with a new so-called “closet on wheels” 38:13: Away’s expansion into softside luggage and new categories 41:33: Away’s international growth and localization strategy 45:05: How Away is approaching AI for business and travel 47:28: How Jessica balances daily priorities for sustainable growth 49:30: Jessica's response to potential IPO plans 50:08: Jessica’s 10-year vision for Away 52:17: Audience question 53:46: Rapid-fire round This episode is brought to you by our show sponsors: • QUO: Try QUO for free PLUS get 20% off your first 6 months at https://www.quo.com/BTB • MasterClass: Get at least 15% off any annual membership at https://www.masterclass.com/BTB 🚀 Season 2 of Behind the Business is here, featuring the leaders of brands including Airbnb, Rivian, NYSE, Canva, Samsung, Poppi, Peloton, Revolve, Lucid Motors, PHLUR, The Points Guy and Away. New episodes Thursdays. 👇🏼 *SUBSCRIBE + FOLLOW:* YouTube: https://bit.ly/YTBTB Apple Podcasts: http://bit.ly/3IFGuIA Spotify: https://bit.ly/SpotiBTB Amazon Music: http://bit.ly/4pPZZPp 🎙️ About Behind the Business Behind the Business is a Webby Award-winning, thoughtfully produced video podcast grounded in the belief that business is in fact personal. This is not a fawning interview show. We pair deep research with thorough interviews — asking the real questions and avoiding fluff, while keeping it fun! What’s the toughest day you’ve ever had at work? How did you get started when you practically had no money? Or how do you mentally prep for a big event? In each episode, guests get into it all. Each episode also connects guests with young founders who send in a question. New episodes Thursdays. About Michelle Toh Michelle is an award-winning international journalist, most recently a longtime reporter at CNN. She's covered top stories in global business, including the chip and trade wars, world-leading IPOs, the corporate response to Russia's invasion of Ukraine, Europe's energy crisis and China's property problems. Previously, she was with FORTUNE. She has reported for The New York Times, TIME and South China Morning Post. Instagram: / bymichelletoh TikTok: / behindthebusinessshow #ceo #leadership #management #consumerbrands #brandstory #strategy #corporatestrategy #commercialstrategy #travelindustry #lugggage #vc #scaling #womeninbusiness #femaleleadership #business #businesspodcast #away Learn more about your ad choices. Visit podcastchoices.com/adchoices
- 2 weeks ago49 min
Peloton’s push into gyms: CEO Peter Stern’s big bet
This week’s guest is Peloton CEO & President Peter Stern. He takes us inside the company’s push to reinvent itself after its post-pandemic struggles — including its latest move into gyms. Peloton became one of the biggest winners in business during the pandemic, but as consumers returned to gyms and life moved on, the company faced a very different reality. Stern, a former Apple executive who helped create Apple Fitness+, calls the Peloton job a “dream” opportunity. In his first year as CEO, Stern has set out to “refound” Peloton around a broader connected wellness ecosystem spanning fitness, mental wellbeing, sleep and recovery. Plus, Stern shares how he manages Wall Street pressure, the “25” system he uses to help his team sift through priorities, the “one-touch” rule that keeps his inbox from piling up, and where he ultimately wants to take Peloton. In this conversation, we discuss: 00:00: Introduction 01:24: Peter's career journey and early ambitions 02:45: Lessons from McKinsey and Time Warner Cable 03:55: What Apple taught Peter about subscription businesses 05:58: Lessons from leaving Apple for Ford 09:00: Why Peter chose to take on this challenge — and reaction from friends and family 11:06: Why Peter personally called Peloton’s recruiter to pitch himself 13:44: The "biggest misunderstanding" about Peloton 15:18: Ad 16:34: Strength classes, Pilates and breathwork: Building an overall wellness ecosystem 18:06: “Refounding” the company 20:21: Peloton IQ: What Peloton is really trying to solve with AI 23:06: Balancing Peloton’s hardware and subscription businesses 25:43: Why Peloton is expanding from homes into commercial gyms 29:11: Partnering with hotels32:03: The rise of GLP-1 and why Peter thinks it could actually be good news for the fitness industry 33:53: Peloton’s international expansion strategy 36:06: Balancing Wall Street expectations with long-term growth 38:21: Peter’s long-term vision 40:01: The “25” system that forces the company to prioritize 42:29: Overhauling its entire product lineup and launching four new products in 10 months 42:59: Audience question 45:03: The “one-touch” rule Peter uses to manage his inbox 44:12: Rapid-fire round This episode is brought to you by Long Angle: https://www.longangle.com/business 🚀 Season 2 of Behind the Business is here, featuring the leaders of brands including Airbnb, Rivian, NYSE, Canva, Samsung, Poppi, Peloton, Revolve, Lucid Motors, PHLUR, The Points Guy and Away. New episodes Thursdays. 👇🏼 SUBSCRIBE + FOLLOW: YouTube: https://bit.ly/YTBTB Apple Podcasts: http://bit.ly/3IFGuIA Spotify: https://bit.ly/SpotiBTB Amazon Music: http://bit.ly/4pPZZPp 🎙️About Behind the BusinessBehind the Business is a Webby Award-winning, thoughtfully produced video podcast grounded in the belief that business is in fact personal. This is not a fawning interview show. We pair deep research with thorough interviews — asking the real questions and avoiding fluff, while keeping it fun! What’s the toughest day you’ve ever had at work? How did you get started when you practically had no money? Or how do you mentally prep for a big event? In each episode, guests get into it all. Each episode also connects guests with young founders who send in a question. New episodes Thursdays.About Michelle TohMichelle is an award-winning international journalist, most recently a longtime reporter at CNN. She's covered top stories in global business, including the chip and trade wars, world-leading IPOs, the corporate response to Russia's invasion of Ukraine, Europe's energy crisis and China's property problems. Previously, she was with FORTUNE. She has reported for The New York Times, TIME and South China Morning Post. Find her on Instagram: / bymichelletoh TikTok: / behindthebusinessshow #ceo #leadership #management #consumerbrands #brandstory #strategy #corporatestrategy #commercialstrategy #fitnessindustry #wellnessindustry #software #hardware #exercise #siliconvalley #vc #scaling #turnaround #business #businesspodcast Learn more about your ad choices. Visit podcastchoices.com/adchoices
- 3 weeks ago48 min
Canva's 'biggest shift': AI, design and the future of work
Joining us this week is Cameron Adams, co-founder and Chief Product Officer of Canva — the company that has simplified online design and become one of the world’s fastest-growing tech platforms. What began in 2013 has grown into Australia’s most valuable private tech company, valued at as much as $40 billion and backed by investors including former Disney CEO Bob Iger. Canva has transformed how people create everything from presentations and social posts to party invitations — taking a once-gatekept industry and making design accessible to more than 265 million people each month. The company has crossed billions of dollars in annual revenue and is now doubling down on AI as it enters its next phase of growth. In this conversation, we dive into: 00:00: Introduction 01:30: From law school to design and entrepreneurship 07:28: Cameron’s early entrepreneurial instincts 03:10: Choosing passion over a traditional career path 04:17: What Google Wave taught Cameron about product development 07:00: Story of building Fluent and its failure 08:52: The connections that brought Canva’s co-founders together 09:46: Why Cameron initially turned down the opportunity to join Canva 12:17: Cameron’s accident hours before Canva’s launch 14:51: How Canva scaled to more than 265 million monthly users 16:52: How Canva built a truly localized global product 18:12: Ad 20:11: When should founders trust their intuition over user and investor feedback? 22:34: Why Canva scrapped its social networking features 23:04: How luck and timing shaped Canva’s success 24:18: Fundraising lessons for startup founders 26:37: How Cameron went from a shy kid to a confident public speaker 27:51: Canva’s strategy for competing with Adobe and Microsoft 29:14: How Canva built and maintains its global user community 31:27: The company’s biggest product shift with Canva AI 2.0 34:50: The challenges of building Canva AI 2.0 36:22: Has AI-powered design overcome its early limitations? 37:36: AI Boom vs. early innings 39:26: Will AI replace entry-level creative roles? 41:17: Cameron Adams on Canva’s IPO plans 42:03: Cameron’s approach to philanthropy and the Giving Pledge 45:08: Cameron’s long-term vision for Canva 46:11: Audience question 47:33: Rapid-fire round Note: This episode was recorded in April 2026. Check out Cameron's own new podcast, Prompted: https://promptedpodcast.com/ This episode is brought to you by our show sponsors: Quince: Get free shipping on your order and 365-day returns at https://www.quince.com/BTB | QUO: Try QUO for free PLUS get 20% off your first 6 months at https://www.quo.com/BTB 🚀 Season 2 of Behind the Business is here, featuring the leaders of brands including Airbnb, Rivian, NYSE, Canva, Samsung, Poppi, Peloton, Revolve, Lucid Motors, PHLUR, The Points Guy and Away. New episodes Thursdays. 👇🏼 SUBSCRIBE + FOLLOW: YouTube: https://bit.ly/YTBTB Apple Podcasts: http://bit.ly/3IFGuIA Spotify: https://bit.ly/SpotiBTB Amazon Music: http://bit.ly/4pPZZPp 🎙️About Behind the Business Behind the Business is a Webby Award-winning, thoughtfully produced video podcast grounded in the belief that business is in fact personal. This is not a fawning interview show. We pair deep research with thorough interviews — asking the real questions and avoiding fluff, while keeping it fun! What’s the toughest day you’ve ever had at work? How did you get started when you practically had no money? Or how do you mentally prep for a big event? In each episode, guests get into it all. Each episode also connects guests with young founders who send in a question. New episodes Thursdays. About Michelle Toh Michelle is an award-winning international journalist, most recently a longtime reporter at CNN. She's covered top stories in global business, including the chip and trade wars, world-leading IPOs, the corporate response to Russia's invasion of Ukraine, Europe's energy crisis and China's property problems. Previously, she was with FORTUNE. She has reported for The New York Times, TIME and South China Morning Post. Find her on Instagram: / bymichelletoh TikTok: / behindthebusinessshow #Leadership #Entrepreneur #Founder #Design #Unicorn #Scaling #Growth #Startup #Technology #Tech #Australia #EntrepreneurialJourney Learn more about your ad choices. Visit podcastchoices.com/adchoices
- Aug 6, 202653 min
How to travel for less: The Points Guy takes 3 Pressing Questions
Joining us this week is The Points Guy founder Brian Kelly. He turned what started as a personal blog while working at Morgan Stanley into one of the world’s leading travel media platforms — shaping how millions of consumers spend, earn and think about travel. In our special new segment, “3 Pressing Questions,” Brian weighs in on hot topics shaping travel today, and explains how he built a top creator business that sold for tens of millions of dollars. From why flights feel so expensive right now, to how industry shifts could affect your wallet, to common mistakes to avoid when booking a trip, Brian breaks down what’s worth paying for today. In this conversation, we dive into: 00:00: Introduction 01:28: Starting The Points Guy as a side hustle 05:57: Why the points game isn't dead 06:38: How points really drive US airlines 11:28: How to get started in the points game 16:38: Selling The Points Guy 18:22: Advice to other entrepreneurs on building a brand 23:24: Stepping down as CEO and being honest about your own strengths 24:27: When should we expect airfares to come down, if at all? 25:22: Industry consolidation — outlook for United, American, Delta, Spirit and JetBlue 26:36: 'Debundling' of airline prices and how carriers are working to 'maximize every single square centimeter on the plane' 29:16: With current volatility, should we be booking all our flights ahead now? 30:30: Creating a 'couch' in economy: Brian's take on airlines' new cabin concepts 33:12: 5-star hotels, cruises and yachts: Where Brian sees the best value in luxury travel right now 35:10: Tips and tricks to make the most of your trip 38:31: Brian's biggest travel recommendation this summer 39:53: How US airlines compare to those abroad 42:04: How Brian's son Cooper became the youngest person to ever visit all 7 continents 45:07: Long-term view: Brian's end game 47:01: Rapid-fire round 🚀 Season 2 of Behind the Business is here, featuring the leaders of brands including Airbnb, Rivian, NYSE, Canva, Samsung, Poppi, Peloton, Revolve, Lucid Motors, PHLUR, The Points Guy and Away. New episodes Thursdays. 👇🏼 SUBSCRIBE + FOLLOW: YouTube: https://bit.ly/YTBTB Apple Podcasts: http://bit.ly/3IFGuIA Spotify: https://bit.ly/SpotiBTB Amazon Music: http://bit.ly/4pPZZPp 🎙️About Behind the Business Behind the Business is a Webby Award-winning, thoughtfully produced video podcast grounded in the belief that business is in fact personal. This is not a fawning interview show. We pair deep research with thorough interviews — asking the real questions and avoiding fluff, while keeping it fun! What’s the toughest day you’ve ever had at work? How do you mentally prep for a big event? Or what’s a pinch-me moment you’ll never forget? In each episode, guests get into it all. Each episode also connects guests with audience members who send in a question. New episodes every Thursday. About Michelle Toh Michelle is an award-winning international journalist, most recently a longtime reporter at CNN. She's covered top stories in global business, including the chip and trade wars, world-leading IPOs, the corporate response to Russia's invasion of Ukraine, Europe's energy crisis and China's property problems. Previously, she was with FORTUNE. She has reported for The New York Times, TIME and South China Morning Post. Find her on Instagram: / bymichelletoh TikTok: / behindthebusinessshow #Travel #Blogger #Entrepreneur #Startup #Founder #CEO #Leadership #CareerStory #CreatorEconomy #BusinessPodcast Learn more about your ad choices. Visit podcastchoices.com/adchoices
- Jul 23, 202656 min
Poppi to PepsiCo: Building a $2B soda brand the industry couldn't ignore
Joining us this week is Poppi co-founder Allison Ellsworth, who takes us behind the rise of one of America's fastest-growing beverage brands — from a kitchen counter experiment to a nearly $2 billion acquisition by PepsiCo. In this conversation, we dive into: 00:00 Introduction 01:15: Growing up in a household of entrepreneurs, gaining confidence as a dancer and working cleaning bathrooms 03:28: Starting Poppi inside Allison's kitchen 05:11: The trial-and-error process 06:26: Allison's previous life working in oil and gas 07:31: Starting to sell at farmer's markets and being discovered by Whole Foods 08:49: Going all in— the truth behind the "overnight success,” including at one point almost losing their home and selling both cars 12:44: Product breakthrough after Allison's co-founder husband snuck sugar in 15:04: Pitching on "Shark Tank" while nine months pregnant 23:16: The rebranding and relaunch as Poppi 29:39: "Embarrassment is the most under-explored emotion when it comes to success" 30:45: The "black ops" budget/ playbook that helped Poppi stand out in one of the world's most competitive industries 33:05: Why Poppi gave equity to employees, advisors and ambassadors like Alix Earle — and how it actually fueled the company's growth 36:59: The rise of prebiotic sodas and competition like Olipop 40:55: Landing the PepsiCo deal — a landmark sale that underscored the rise of challenger brands in consumer goods 43:43: The emotional reality of handing over the company she and her husband built 44:15: What's next for Allison 47:36: Audience question 48:57: Rapid-fire round 🚀 Season 2 of Behind the Business is here, featuring the leaders of brands including Airbnb, Rivian, NYSE, Canva, Samsung, Poppi, Peloton, Revolve, Lucid Motors, PHLUR, The Points Guy and Away. New episodes Thursdays. 👇🏼 SUBSCRIBE + FOLLOW: YouTube: https://bit.ly/YTBTB Apple Podcasts: http://bit.ly/3IFGuIA Spotify: https://bit.ly/SpotiBTB Amazon Music: http://bit.ly/4pPZZPp 🎙️About Behind the Business Behind the Business is a Webby Award-winning, thoughtfully produced video podcast grounded in the belief that business is in fact personal. This is not a fawning interview show. We pair deep research with thorough interviews — asking the real questions and avoiding fluff, while keeping it fun! What’s the toughest day you’ve ever had at work? How do you mentally prep for a big event? Or what’s a pinch-me moment you’ll never forget? In each episode, guests get into it all. Each episode also connects guests with young founders/ CEOs who send in a question. New episodes every Thursday. About Michelle Toh Michelle is an award-winning international journalist, most recently a longtime reporter at CNN. She's covered top stories in global business, including the chip and trade wars, world-leading IPOs, the corporate response to Russia's invasion of Ukraine, Europe's energy crisis and China's property problems. Previously, she was with FORTUNE. She has reported for The New York Times, TIME and South China Morning Post. Find her on Instagram: / bymichelletoh TikTok: / behindthebusinessshow #Poppi #PepsiCo #Acquisition #Entrepreneur #Startup #Founder #CEO #Leadership #CareerStory #WomeninBusiness #FemaleFounder #BusinessPodcast Learn more about your ad choices. Visit podcastchoices.com/adchoices
- Jul 14, 20261h 2m
Beyond EVs: Rivian founder & CEO RJ Scaringe on AI, robotics and the next big bet
Joining me this week is RJ Scaringe, founder & CEO of Rivian, the electric automaker backed by Amazon and Volkswagen. RJ has wanted to build cars for as long as he can remember — telling his father at age 10 that he hoped to one day start an automotive company. Years later, in 2009, he took the leap. There was "no money, no team, no technology, no suppliers, no brand and no production infrastructure," as he puts it. Now, as the company launches a new vehicle, doubles down on AI and autonomous driving, and charts a path to steady profitability, RJ takes us through the lessons from building an automaker from the ground up — and one of the world's most closely watched EV companies. In this conversation, we dive into: 00:00 Introduction 01:26: Early beginnings 07:06: Starting Rivian from a clean sheet in 2009, post-recession 12:31: Navigating skepticism and 'comically bad' investor meetings in the early days 16:04: Meeting Jeff Bezos and securing Amazon's investment 17:24: Entering the market with its first two vehicles, the R1T and R1S 21:57: Launch of the R2 this year 25:22: Near-term challenges: supply chain risks 31:19: Challenges in EV sector and RJ's outlook 33:35: Balancing Wall Street's short-term expectations with long-term vision 37:00: Rivian's intended path to steady profitability 38:42: Why Rivian developed its own AI chip 40:42: Self-driving vehicles 47:43: Teaming up with Volkswagen 48:20: RJ's new venture, Mind Robotics 52:27: Factory automation 53:47: RJ's end game 56:29: Rapid-fire round 🚀 Season 2 of Behind the Business is here, featuring the leaders of brands including Airbnb, Rivian, NYSE, Canva, Samsung, Poppi, Peloton, Revolve, Lucid Motors, PHLUR, The Points Guy and Away. New episodes Thursdays. 👇🏼 SUBSCRIBE + FOLLOW: YouTube: https://bit.ly/YTBTB Apple Podcasts: http://bit.ly/3IFGuIA Spotify: https://bit.ly/SpotiBTB Amazon Music: http://bit.ly/4pPZZPp 🎙️About Behind the Business Behind the Business is a Webby Award-winning, thoughtfully produced video podcast grounded in the belief that business is in fact personal. This is not a fawning interview show. We pair deep research with thorough interviews — asking the real questions and avoiding fluff, while keeping it fun! What’s the toughest day you’ve ever had at work? How do you mentally prep for a big event? Or what’s a pinch-me moment you’ll never forget? In each episode, guests get into it all. Each episode also connects guests with young founders/ CEOs who send in a question. New episodes every Thursday. About Michelle Toh Michelle is an award-winning international journalist, most recently a longtime reporter at CNN. She's covered top stories in global business, including the chip and trade wars, world-leading IPOs, the corporate response to Russia's invasion of Ukraine, Europe's energy crisis and China's property problems. Previously, she was with FORTUNE. She has reported for The New York Times, TIME and South China Morning Post. Find her on Instagram: / bymichelletoh TikTok: / behindthebusinessshow #Autos #EVs #Entrepreneur #Startup #Founder #CEO #Leadership #AutonomousVehicles #SelfDrivingCars #Robotics #Mobility #Manufacturing #SupplyChain #WallStreet #AI #Technology #CareerStory #BusinessPodcast Learn more about your ad choices. Visit podcastchoices.com/adchoices
- Jul 2, 202654 min
Inside global black markets: Emmy-winning investigative journalist Mariana van Zeller
“An estimated 30-35% of the global economy are black and gray markets.” That’s the world our next guest, Mariana van Zeller, has spent years investigating. From online scam centers to black-market oil, the Peabody Award-winning journalist has built a career going where few reporters can. "Trafficked" — her hit Nat Geo series — regularly breaks records at the Emmys. In this conversation, we dive into: 00:00: Introduction 01:18: The "hidden third" of the global economy 02:15: Growing up in Portugal and the path to journalism 03:50: Fighting her way into Columbia University 05:56: Covering 9/11 and finding her calling 09:20: Reporting from Syria and entering the world of black markets 14:34: How "Trafficked" is made 17:09: Navigating danger and censorship 22:23: Dream story 23:17: Her toughest story and most dangerous assignment 34:08: Why her sources agree to be interviewed, even if it could implicate them 36:47: What actually reduces crime 40:17: Why "Trafficked" ended despite its huge popularity — and what's next, including "The Hidden Third" podcast 44:55: Audience question: How to distinguish a good story from a great one 46:01: Rapid-fire round 🚀 Season 2 of Behind the Business is here, featuring the leaders of brands including Airbnb, Rivian, NYSE, Canva, Samsung, Poppi, Peloton, Revolve, Lucid Motors, PHLUR, The Points Guy and Away. New episodes Thursdays. 👇🏼 SUBSCRIBE + FOLLOW: - YouTube: https://bit.ly/YTBTB - Apple Podcasts: http://bit.ly/3IFGuIA - Spotify: https://bit.ly/SpotiBTB - Amazon Music: http://bit.ly/4pPZZPp 🎙️About Behind the Business Behind the Business is a Webby Award-winning, thoughtfully produced video podcast grounded in the belief that business is in fact personal. This is not a fawning interview show. We pair deep research with thorough interviews — asking the real questions and avoiding fluff, while keeping it fun! What’s the toughest day you’ve ever had at work? How do you mentally prep for a big event? Or what’s a pinch-me moment you’ll never forget? In each episode, guests get into it all. Each episode also connects guests with young founders/ CEOs who send in a question. New episodes every Thursday. About Michelle Toh Michelle is an award-winning international journalist, most recently a longtime reporter at CNN. She's covered top stories in global business, including the chip and trade wars, world-leading IPOs, the corporate response to Russia's invasion of Ukraine, Europe's energy crisis and China's property problems. Previously, she was with FORTUNE. She has reported for The New York Times, TIME and South China Morning Post. Follow on Instagram: https://www.instagram.com/bymichelletohTikTok: https://www.tiktok.com/@behindthebusinessshow #investigativejournalism #blackmarket #shadoweconomy #womeninmedia #journalism #documentary #career #careergrowth #careerstory #independentjournalism #independentmedia #founder #founderstory #founderjourney #founders Learn more about your ad choices. Visit podcastchoices.com/adchoices
- Jun 25, 202634 min
IPO parade? 3 pressing questions on global markets with the NYSE
The US makes up almost 50% of global market cap. Yet over the past three decades, the number of American public companies has declined dramatically. So says this week’s guest, NYSE Chief Development Officer Chris Taylor, who joins us for our new “3 Pressing Questions” segment. After years of a quieter IPO market, there are signs momentum is returning — with a surge in new equity offerings and investors watching the debuts of big names like SpaceX, OpenAI and Anthropic. We headed to the New York Stock Exchange to unpack: 🌍 What’s really driving global stock markets right now? 🔔 What’s next for the US IPO market as attention turns to companies like SpaceX, OpenAI and Anthropic? 🤖 Are we in an AI bubble?Plus: Chris shares what founders should know if they dream of ringing the bell on Wall Street one day. We dive into: 00:00: Introduction 03:59: What's actually driving stock markets right now — and where consensus might be wrong 06:29: CEO outlook on global volatility, AI and challenges 08:01: Where some companies are spotting new market opportunities 08:57: Are we in an AI bubble? 10:31: IPO market outlook 12:14: Expected 'mega-IPOs' this year with SpaceX, OpenAI and Anthropic 14:22: NYSE roadmap 15:40: SEC proposal to give companies option to report earnings semi-annually vs. quarterly 17:26: The hardest part of running the exchange 19:46: Jump in overseas demand for US stocks 21:12: How NYSE competes against other exchanges - both in the US and overseas 26:33: Common mistakes companies make before going public 27:58: Future of going public: Will the traditional IPO model remain king? 28:48: Rapid-fire round NOTE: This interview was recorded ahead of SpaceX's IPO on June 12, 2026. Views and opinions expressed in this episode are for informational purposes only and do not constitute financial, investment or other professional advice. 🚀 Season 2 of Behind the Business is here, featuring the leaders of brands including Airbnb, Rivian, NYSE, Canva, Samsung, Poppi, Peloton, Revolve, Lucid Motors, PHLUR, The Points Guy and Away. Catch new episodes every Thursday. 👇🏼 SUBSCRIBE + FOLLOW: - YouTube: https://bit.ly/YTBTB - Apple Podcasts: http://bit.ly/3IFGuIA - Spotify: https://bit.ly/SpotiBTB - Amazon Music: http://bit.ly/4pPZZPp 🎙️About Behind the Business Behind the Business is a Webby Award-winning, thoughtfully produced video podcast grounded in the belief that business is in fact personal. This is not a fawning interview show. We pair deep research with thorough interviews — asking the real questions and avoiding fluff, while keeping it fun! What’s the toughest day you’ve ever had at work? How do you mentally prep for a big event? Or what’s a pinch-me moment you’ll never forget? In each episode, guests get into it all. Each episode also connects guests with young founders/ CEOs who send in a question. New episodes every Thursday. About Michelle Toh Michelle is an award-winning international journalist, most recently a longtime reporter at CNN. She's covered top stories in global business, including the chip and trade wars, world-leading IPOs, the corporate response to Russia's invasion of Ukraine, Europe's energy crisis and China's property problems. Previously, she was with FORTUNE. She has reported for The New York Times, TIME and South China Morning Post. #markets #ipos #stocks #stockmarket #stockmarkets #nyse #wallstreet #finance #business #ipos #ipo #ipomarket #usmarket #usmarkets #businessnews #ai #investing #investment #spacexipo #equities #investment Learn more about your ad choices. Visit podcastchoices.com/adchoices
About Behind the Business with Michelle Toh
Behind the Business is a new podcast and video series hosted by CNN and FORTUNE alum Michelle Toh that aims to explore the decisions and philosophies behind some of today's most influential leaders.Recorded in studios across the US as a special interview series, the show is grounded in the belief that business is in fact personal, providing the backstories of founders, corporate leaders, investors and creators and how they push through to make the most of both work and life each day.What's the worst day you've faced at your company? How do you cope with crisis or rejection? Or what's a pinch-me moment you'll never forget? In each episode, our guests get into it all. Coming out Fall 2025. New episodes Thursdays.
Customized Recaps
AI-powered recaps with compact key takeaways, quotes, and insights.
Straight to Your Inbox
Get key takeaways from Behind the Business with Michelle Toh in a 5-minute read.
Save Hours Every Week
Stay current on your favorite podcasts without falling behind.
Frequently Asked Questions
What is Podzilla's Behind the Business with Michelle Toh daily summary?
It's a free AI-powered email that summarizes new episodes of Behind the Business with Michelle Toh as soon as they're published. You get the key takeaways, notable quotes, and links & mentions — all in a quick read.
How does the Behind the Business with Michelle Toh podcast summary work?
When a new episode drops, our AI transcribes and analyzes it, then generates a personalized summary tailored to your interests and profession. It's delivered to your inbox every morning.
Is this an official Behind the Business with Michelle Toh product?
No. Podzilla is an independent service that summarizes publicly available podcast content. We're not affiliated with or endorsed by Michelle Toh.
Can I get summaries of other podcasts too?
Absolutely! The free plan covers up to 3 podcasts. Upgrade to Pro for 15, or Premium for 50. Browse our full catalog at /podcasts.
How often does Behind the Business with Michelle Toh release new episodes?
Behind the Business with Michelle Toh publishes weekly. Our AI generates a summary within hours of each new episode.
What topics does Behind the Business with Michelle Toh cover?
Behind the Business with Michelle Toh covers topics including Business, Entrepreneurship. Our AI identifies the specific themes in each episode and highlights what matters most to you.
Start getting Behind the Business with Michelle Toh summaries tomorrow morning.
Free forever for up to 3 podcasts. No credit card required.
Free forever for up to 3 podcasts. No credit card required.