BlackRock The Bid Episode 252: GLP-1s, AI, and Future Spending in a K-Shaped Consumer Economy

On BlackRock's The Bid Episode 252, host Oscar Pulido speaks with Lisa Yang, Co-Head of Consumer within BlackRock's Fundamental Equities team, to assess the state of the U.S. consumer in 2026. The conversation highlights that U.S. consumption remains broadly resilient but is K-shaped, with the highest-income groups showing the strongest spending resilience. They also discuss the impact of GLP-1 weight-loss drugs on categories such as food and apparel, as well as the transformative effect of AI-driven agentic commerce on retail media and brand discovery.