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. -------- Like this video? Subscribe to Bloomberg New Economy on YouTube: https://www.youtube.com/channel/UCOa104QrplnxBkVnoArabwQ Read the latest from Bloomberg New Economy here: https://www.bloomberg.com/new-economy Connect with us on... Twitter: https://twitter.com/BBGNewEconomy Facebook: https://www.facebook.com/BBGNewEconomy/ LinkedIn: https://www.linkedin.com/showcase/bloomberg-new-economy/ Instagram: https://www.instagram.com/bloombergbusiness/