The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Jackson Hole Mountain Resort is making the move to SnowCloud, a technology company focused on improving the resort guest purchasing and arrival experiences, and is completely gutting their tech stack for a more connected, guest focused experience. When one of the world’s most renowned resorts makes the move, it’s sort of the point of demarcation for the industry.

For more on their partnership, Carol Massar and guest host Emily Graffeo spoke with Joe Hession, CEO and Co-Founder of SnowCloud AND Doug Pierini, CEO of Jackson Hole Mountain Resort.

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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The US Treasury Department revoked a waiver that allowed the sale of Iranian oil in response to attacks on tankers in the Strait of Hormuz, jeopardizing an interim peace deal between Washington and Tehran.

The Office of Foreign Assets Control said no new transactions for Iranian oil may take place on or after July 7. A previous version of the waiver, titled General License X, was issued in the wake of the peace agreement and allowed transactions for 60 days, through August 21.

Today’s episode features:

• Daan Struyven, Co-Head of Global Commodities Research at Goldman Sachs
• Ed Ludlow, Host of Bloomberg Tech
• Stuart Paul, Bloomberg Economics US & Canada Economist
• Kate Gulliver, CFO of Wayfair

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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Audi introduced its newest car, the Nuvolari, a hybrid with a 1,000-horsepower, V-8 engine, which will share hardware with its Volkswagen AG sister brand, Lamborghini. The Nuvolari is a halo car, created to attract attention and generate excitement around the Audi brand, with an estimated price of $686,000 and only 499 units to be made. The concept of a halo car is changing, with the rise of electrification and domestic alternatives in China, making it challenging for traditional automakers to create vehicles that provoke a visceral reaction and justify their high prices.

For more, Carol Massar and guest host Emily Graffeo speak with Hannah Elliott, Bloomberg Pursuits Staff Writer, Car Critic and Co-Host of the 'Hot Pursuit' Podcast

See omnystudio.com/listener for privacy information.