Raphael Arndt, CEO, Future Fund; Adena Friedman, Chair & CEO, Nasdaq and David Vélez, Founder & CEO, Nubank discuss balancing state action and market forces for economic efficiency and social stability with Bloomberg's Stephanie Flanders at the 2025 Bloomberg New Economy Forum in Singapore. -------- Subscribe to Bloomberg Live on YouTube: https://www.youtube.com/channel/UC7UFcUbAd8oyCBWCogVpJ6g?sub_confirmation=1