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  1. Milken Institute1h 1m

    Business Tax Reform: Hammering Out the Details

    Ben White, Chris Campbell, Ross DeVol, Douglas Holtz-Eakin, Gene Sperling, Mark Weinberger

    The White House and Republican congressional leadership have unified behind a tax reform package leveraging budget reconciliation to pass with a simple majority, though experts warn that claims of self-funding through growth are mathematically inconsistent with current proposals. Key debates center on the inclusion of corporate cuts alongside individual rate reductions, while panelists express skepticism regarding the Border Adjustment Tax's viability and the likelihood that the final legislation will fail deficit neutrality tests under the Byrd Rule. Consequently, the anticipated outcome is a significant short-term stimulus with temporary deficits rather than a permanent, revenue-neutral reform, leaving bipartisan support unlikely without structural adjustments favoring the middle class and infrastructure investment.

  2. Milken Institute1h 0m

    Activist Athletes: Embracing Social Advocacy

    Jocelyn Benson, Anquan Boldin, Swin Cash, Stephen Ross, Troy Vincent, Bill Desser, Hillary Lautenberg, Dewan Wiltshire, Jenny Santee

    NFL figures Steven Ross, Troy Vincent, and Anquan Boldin joined WNBA executive Swin Cash to discuss leveraging professional sports as a platform for racial equality and social policy reform. Drawing on personal tragedies and collective action, the panel detailed strategies such as RISE's non-partisan coalition and cross-league initiatives aimed at shifting advocacy from awareness campaigns to tangible legislative changes. While acknowledging significant fan backlash and industry risks, the leaders emphasized that authentic, generational commitment and owner accountability are essential to dismantling systemic barriers within the sports ecosystem.

  3. Milken Institute1h 8m

    How to Accelerate Gender Diversity on Boards

    Celia Huber, Denise Morrison, Ronald O'Hanley, NV Tyagarajan, Rich Dottizio, Ron O'Hanley, SHARMINI PERIES, Kristen, Hope Tates, Amy Wilkinson, Nan Morris, Anna Chapman, Kelly Close, John Stackhouse

    At the Milken Institute's 20th Annual Global Conference, CEOs from State Street Global Advisors, Campbell Soup, and Genpak argued that gender-diverse boards are essential for solving complex problems and driving shareholder value. These leaders identified systemic barriers such as conservative search firm practices and risk aversion while outlining actionable strategies like expanding recruitment criteria and implementing rigorous diversity metrics. The event concluded with a consensus that deliberate change requires CEO accountability and institutional leverage to achieve the industry's "30% Club" target.

  4. Milken Institute57 min

    Globalization in the Crosshairs

    Gillian Tett, Steven Ciobo, J. Bradford DeLong, John Hagel, Alejandro Ramirez Magaña, Stephen Schwarzman, Brad DeLong

    Prominent economists and business leaders debated the global shift toward bilateral trade agreements and protectionism, with experts like Steve Schwarzman and Steve Chaubeau arguing that current friction serves as a catalyst for necessary systemic adaptation despite the risks of complex regulatory environments. While panelists such as Alejandro Ramirez and John Hagel highlighted immediate vulnerabilities in North American supply chains and declining corporate returns, the group largely agreed that unilateral tariff reductions in countries like Australia have historically driven superior growth compared to protectionist policies. Ultimately, the consensus leaned toward viewing the present era as a cyclical correction that could reset global trade baselines, though economist Brad DeLong warned that secular stagnation and automation might entrench these barriers longer than anticipated.

  5. Milken Institute56 min

    Overcoming the Political Divide

    Chuck Todd, Steve Bullock, Eric Cantor, Jason Grumet, Kenneth Hersh, Neera Tanden

    A panel of political analysts and former officials identified that escalating dark money, collapsing competitive districts, and algorithmic media silos have structurally incentivized extremism while eroding public trust in Congress. To address these divisions, the discussion proposed concrete reforms such as the Montana-style disclosure of independent expenditures, reinstatement of reformed earmarks, and a national primary day to dilute ideological primary electorates. Looking toward the future, experts predicted that rising female candidacy rates and direct digital engagement may gradually shift the legislative landscape, potentially enabling bipartisan infrastructure deals if presidential leadership prioritizes compromise over partisan dogma.

  6. Milken Institute54 min

    The Refugee Crisis: Rising to Meet the Moral Challenge of Our Time

    Mary Hart, Simon Henshaw, Peter Laugharn, Saed Moujtahed, Zainab Salbi, Caryl Stern

    A Milken Institute panel convened global leaders and philanthropists to address the escalating crisis of forced displacement, revealing that 50 million children are currently on the move while host nations face systemic strain and security misconceptions. The discussion highlighted critical failures in current aid models, noting that refugees spend an average of 18 years in limbo with only 0.2% of funding reaching local organizations, prompting a pivot toward long-term strategies like cash transfers, employment rights, and rebuilding war-torn economies. Ultimately, stakeholders called for a transition from reactive crisis management to proactive systemic reform, leveraging private and public capital to restore dignity and stability rather than relying on emergency shelters.

  7. Milken Institute1h 0m

    How the Energy Transformation Will Power the Future

    Josh Barro, Robert Armstrong, J. Andrew (Drew) Murphy, Mark Schwartz, Michael Smith

    Industry experts project that while global oil demand will peak by 2040 driven by petrochemicals, natural gas will remain the fastest-growing fossil fuel alongside a renewable sector that is rapidly undercutting traditional baseloads. Economic forces are increasingly dictating energy transitions, with falling solar and wind costs enabling corporate adoption and grid modernization efforts, even as political uncertainty and infrastructure risks threaten to slow nuclear retirements and coal-phaseouts. Simultaneously, the sector faces critical challenges in grid stability and storage integration, while long-term technological bets on fusion and advanced batteries aim to address a persistent underinvestment in research and development.

  8. Milken Institute59 min

    Shaping Digital Finance

    Dan Primack, Corrie Elston, Paul Hamill, Julie Monaco, Alfred Spector, Michael Tannenbaum

    Executives from SoFi, Citigroup, Two Sigma, and Google Cloud convened to analyze the accelerating digitization of finance, contrasting the rapid speed of fintech disruption with the slower, scale-driven transformation of legacy banks. The panel highlighted how artificial intelligence and machine learning are now driving critical efficiencies in underwriting and compliance, while legacy institutions are reclassifying startups as strategic partners through open API frameworks and venture arms. Despite these technological advances, participants noted that regulatory barriers and cybersecurity concerns remain significant hurdles, even as emerging markets demonstrate the transformative potential of digital payments for financial inclusion and anti-corruption efforts.

  9. Milken Institute53 min

    I, Worker: Employment in the Age of Robots

    Caroline Fairchild, Roy Bahat, Jacqui Canney, Aaron Levie, Anne-Marie Slaughter

    A panel of experts convened to analyze the impending demographic shift where the workforce over 55 will double, debating whether automation will replicate the industrial revolution's upheaval or create new value in sectors like healthcare and education. While Walmart's $2.7 billion training initiative illustrates corporate adaptation, the discussion highlighted significant barriers for displaced workers, including skills mismatches and the failure of traditional job creation models to keep pace with retail losses. Ultimately, the consensus emphasized that addressing this crisis requires coordinated government, educational, and business action to foster high-touch roles and continuous certification, rejecting universal basic income as a primary solution for economic mobility.

  10. Milken Institute58 min

    Seeding Change: A New Dynamism in Philanthropy

    Richard Ditizio, Sir Tom Hunter, Dominika Kulczyk, David Panzirer, Belinda Tanoto, Dominique Cravicchio

    Leading philanthropists including Tom, David, Belinda, and Dominika advocate for treating charitable capital as an investment portfolio that prioritizes data-driven efficacy, rigorous milestone tracking, and strategic partnerships over traditional overhead constraints. These experts emphasize shifting from direct service delivery to scaling proven models through government adoption and market-based mechanisms, while accepting that failure must be minimized through rapid iteration and clear exit metrics. The collective strategy focuses on de-risking early-stage solutions, investing in high-quality talent without artificial caps, and fostering deep collaboration to ensure sustainable, measurable impact across diverse sectors ranging from medical research to global education.

  11. Milken Institute1h 1m

    Solutions to Climate Change: A 10-Year Game Plan

    Andrew Revkin, Noah Diffenbaugh, Bob Inglis, Qi Ye, Diane Regas, Pete Trelenberg, Andy Revkin, Carolyn Jungermann, Paul Telles, Amy Christensen

    A comprehensive panel analysis spanning thirty years of climate data identifies the urgent need to double global energy supply while decarbonizing systems to meet Paris Agreement goals and accommodate three billion new middle-class consumers. Experts from government, industry, and research institutions converged on a multi-stakeholder strategy favoring market-based carbon pricing, expanded clean energy investment, and the prioritization of adaptation alongside mitigation. The discussion highlighted critical geopolitical dynamics, noting China's aggressive clean energy deployment and the necessity of bipartisan support for basic science to address the intersection of climate change, economic development, and national security.

  12. Milken Institute57 min

    Japan's Great Investment Wave

    Kotaro Tamura, Victor Chu, Yasuhide Nakayama, Kiyotaka Sasaki, Takumi Shibata, Sasaki-san, Shibata-san, Steve Tsang, Nakayama-san, HIROTAKA YOSHIDALEMURA, HIROKA IWASAKI

    Panelists including FSA official Hironori Sasaki and Nikko Asset Management's Yasuhiro Shibata outlined strategies to mobilize Japan's 15 trillion yen in dormant household and corporate savings through revised governance codes and tax-exempt savings accounts. The discussion highlighted inbound opportunities in tourism, real estate, and the silver industry while addressing outbound shifts toward Southeast Asia and specific commitments like Masayoshi Son's $50 billion pledge to US infrastructure. Geopolitical stability, demographic solutions via foreign caregiving visas, and enhanced capital flows from Hong Kong and Africa were identified as critical drivers for the nation's economic revitalization.

  13. Milken Institute1h 3m

    Common Sense from Uncommon Investors

    Michael Milken, Thomas Barrack, John Calamos Sr., Mitchell Julis, Stephen Schwarzman, Jonathan Sokoloff

    Leading Blackstone executives and private equity investors convened to analyze the structural evolution of global capital markets, highlighting a strategic pivot toward service-based consumer portfolios and the critical role of alternative financing in filling gaps left by traditional banking constraints. The panel detailed specific operational successes, including long-term outperformance in real estate and private equity against public indices, while addressing governance models that align owner-operator incentives with sustained job creation and revenue growth. Participants further outlined a forward-looking framework that rejects the permanence of low-interest-rate environments, urging active management and disciplined exit strategies to navigate emerging geopolitical dislocations and inflationary pressures.

  14. Milken Institute1h 1m

    Food Investors and Innovators Inspiring a Health Revolution

    Ryan Shadrick Wilson, Arian Foster, Kara Roell, James Rogers, Patrick Smith, Adam Waglay, Jonathan Smiga

    Industry leaders and investors convened to address the $18 trillion food market's transition from legacy manufacturing to transparent, vertically integrated supply chains that prioritize nutrient density and cold-chain innovation. Key figures from Butterfly Equity, Power Supply, and Appeal Sciences outlined strategies combining for-profit scalability with social impact, such as extending produce shelf life to reduce waste and optimizing distribution for lower-income accessibility. The dialogue emphasized that sustained cultural shifts toward conscious consumption will drive capital allocation, provided companies balance commercial viability with regulatory compliance and educational initiatives.

  15. Milken Institute59 min

    Return on Longevity: Capitalizing on the Demographic Shift

    Jim Mellon, Chip Conley, Joseph Coughlin, Joan Ruff, Andrew Scott, Joe Coughlin

    Experts including Andrew Scott, Chip Conley, and Joe Coughlin argue that advancing technologies and shifting demographics will soon extend average life expectancy to 110 years, rendering the traditional three-stage life obsolete and forcing a restructuring of pension systems and corporate culture. To adapt, the economy must embrace a multi-stage life model where older adults contribute a "productivity dividend" through wisdom and emotional intelligence, while consumer markets pivot toward exciting, non-stigmatizing products that support continuous education and travel. This fundamental social transition requires eliminating age-based labels and designing financial and healthcare frameworks that accommodate the risks of living from age 50 to 100 without assuming a fixed retirement age.