Wealth Tax
Search documents
Squawk Pod: Debating a California wealth tax & adding AI to therapy - 08/21/26 | Audio Only
CNBC Television· 2026-08-21 16:43
Macroeconomics and Financial Markets - The U.S. national debt reached 40 trillion dollars [5] - Treasury Secretary Scott Besson announced that the department plans to upsize government debt buybacks, moving from the scheduled 2 billion dollars to 4 billion dollars per issue [14] - Bitcoin experienced a surge, jumping close to 20% over a two-day period and breaking out of a tight volatility band [8][11] Industry Trends and Corporate Developments - Anthropic is reportedly considering a public listing before the end of the month, with executives anticipating the IPO size to potentially match or exceed SpaceX’s debut [22] - SpaceX previously raised 75 billion dollars in its June IPO, setting a record for the largest first-time share sale [23] - Telehealth platform Talkspace was acquired by Universal Health Services, expanding its network to reach 220 million Americans, including Medicare beneficiaries [62][63] Healthcare and Artificial Intelligence Applications - Talkspace developed an AI companion named T, trained on a proprietary database comprising 8 billion words and millions of anonymized, HIPAA-compliant interactions [66][69][70] - The AI platform incorporates clinical oversight and proprietary algorithms capable of identifying risks related to self-harm, having generated nearly 60,000 suicide alerts since 2018 [71][72][74] - Talkspace maintains a government contract providing free mental health support programs to 500,000 teenagers across the country [74]
California's wealth tax will drive innovation and entrepreneurship out of the state: Ben Narasin
CNBC Television· 2026-08-21 12:13
A debate about Proposition 40, the proposed wealth tax in California playing out online and right here on our set. Joining us right now to weigh in is Ben Narrison. He's the founder of Tenacity Venture Capital.Uh good morning to you. Uh you've seen Mark Cuban's comments, you've seen Bill Aman's comments, you've seen Palmer Ly's comments, Roana obviously uh on the other end of this. And I think we're all trying to figure out a what ultimately happens in California, but maybe more large more broadly what happ ...