Down to Business English: Business News to Improve your Business English
A podcast for people who use English as a Second or Foreign Language (ESL/EFL) in their work environment and want to improve their overall language skills. In each episode, hosts Skip Montreux, Dez Morgan, and Samantha Vega discuss Business news making headlines around the world. Through their discussions, Skip, Dez and Samantha introduce English vocabulary & phrases related to business, review grammar, and identify cultural differences found in International business situations. An excellent way to improve listening comprehension skills, keep up with business trends, and advance your career.
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368 - Hong Fu Bets Big on India
04/27/2025
368 - Hong Fu Bets Big on India
Brief You might not recognize the name Hong Fu Industrial Group — but chances are, you've worn their products. As the second-largest manufacturer of sports shoes in the world, Hong Fu produces footwear for major brands like Nike and Adidas. Now, with changing global markets, Hong Fu is making a big move into India. Overview In this episode of Down to Business English, Skip Montreux and Dez Morgan dive into the story of Hong Fu Industrial Group, a Taiwanese OEM powerhouse in the sports footwear industry. They explain Hong Fu's $130 million investment in a new factory in Tamil Nadu, India, and discuss the broader trend of global manufacturers shifting operations away from China. Along the way, they highlight the opportunities and obstacles facing India’s footwear market, from new government quality standards to the rise of innovative local brands. Insights Skip and Dez break down the business dynamics behind Hong Fu’s investment and help you build your business English skills. Key takeaways include: Who Hong Fu Industrial Group is and why you’ve probably worn their products without realizing it. How the "China +1" strategy is driving global companies to invest in countries like India. The impact of new Indian footwear regulations on small and large manufacturers alike. How local Indian brands like Zen Barefoot and Comet are innovating in the footwear space. In Summary D2B 368 explores how Hong Fu’s $130 million bet on India could reshape the global sports footwear market — and how India’s homegrown brands are stepping up in response. Do you like what you hear? to access exclusive content, including interactive audio scripts, downloadable PDFs, bonus vocabulary episodes, and more!
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366 - Geographical Indications & Jamaican Rum
04/19/2025
366 - Geographical Indications & Jamaican Rum
Brief Some products are famous because of where they come from — like Champagne from France or Scotch whisky from Scotland. Products like these are protected by something called a Geographical Indication, or GI. A GI means the product must be made in a certain place and follow certain rules. But sometimes, these rules can cause problems. In Jamaica, a new rule about Jamaican rum is causing a big debate. Overview In this episode of Down to Business English, Skip Montreux and Dez Morgan explain what Geographical Indications are and why they are important in international business. They look at examples like Champagne and parmesan cheese and discuss how GIs help protect traditional products. They also talk about a disagreement in Jamaica, where a new GI rule for rum is causing trouble for some producers. Insights Skip and Dez talk about GIs and help you build your business English vocabulary and listening skills. Key takeaways include: What a Geographical Indication is and why it is different from a trademark. How GIs help local businesses and protect product quality. Why Jamaican rum producers are arguing about new GI rules. In Summary D2B 366 explains how Geographical Indications protect famous products — and how a new rule is shaking up Jamaica’s rum industry. Do you like what you hear? Become a D2B Member today to access exclusive content, including interactive audio scripts, downloadable PDFs, bonus vocabulary episodes, and more!
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364 - China's game-changing pharmaceutical and biotech industry
04/10/2025
364 - China's game-changing pharmaceutical and biotech industry
Brief China is fast becoming a major player in the global pharmaceutical and biotech industries. Once focused primarily on generic and me-too drugs, Chinese companies are now making headlines with innovative breakthroughs in oncology and gene therapy. Foreign investors are taking notice, pouring billions into partnerships and research projects across the country. But can China maintain this momentum — or will political pressure and consumer skepticism slow things down? Overview In this episode of Down to Business English, Skip Montreux and Dez Morgan explore how China’s pharmaceutical and biotech sectors are reshaping the global healthcare landscape. They trace the industry’s evolution from state-run factories to world-class R&D centers, discuss the surge in foreign investment, and introduce key players like Akeso Biopharma. Along the way, they also unpack some of the challenges that may lie ahead for this fast-growing industry. Insights Skip and Dez discuss China’s pharmaceutical boom while helping you expand your business English skills. Key takeaways include: The difference between pharmaceuticals and biotech — and where they overlap. The rise of Chinese firms like Akeso Biopharma and their potential to rival Western Big Pharma. Key challenges facing the sector, including domestic reputation issues and foreign policy risk. In Summary D2B 364 investigates China’s pharmaceutical transformation — from copycat drugs to cutting-edge therapies — and asks what it means for the future of global medicine and investment trends. Do you like what you hear? to access exclusive content, including interactive audio scripts, downloadable PDFs, bonus vocabulary episodes, and more!
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362 - Time Shift: The Economic Impact of Daylight Saving
04/02/2025
362 - Time Shift: The Economic Impact of Daylight Saving
Brief Daylight Saving Time — a simple clock adjustment with far-reaching consequences. As countries debate whether to keep, ditch, or make DST permanent, the economic and health implications of this time-shifting practice are coming under increasing scrutiny. Overview In this episode of Down to Business English, Skip Montreux and Samantha Vega explore the origins, impact, and ongoing debate surrounding Daylight Saving Time (DST). From its wartime beginnings to modern economic studies, they examine how DST affects everything from energy consumption to productivity, retail sales, and even public health. Along the way, they discuss what different countries around the world are doing — or not doing — with their clocks. Insights Skip and Samantha bring clarity to the confusing world of DST while helping you improve your business English. Key takeaways include: The historical origins and intended purpose of Daylight Saving Time. How DST impacts energy use, retail sales, and worker productivity. The health risks associated with clock changes. Why the debate over DST is far more than just a matter of time. In Summary D2B 362 unpacks the global clock conundrum of Daylight Saving Time — from economic costs to health effects — and the growing calls to rethink how we manage time. Do you like what you hear? Become a D2B Member today to access exclusive content, including interactive audio scripts, downloadable PDFs, bonus vocabulary episodes, and more!
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360 - Rare Earth Minerals Explained
03/21/2025
360 - Rare Earth Minerals Explained
Brief Rare Earth Elements are everywhere — in your phone, your car, even your headphones — and the world can’t function without them. As demand for green tech and high-performance electronics surges, so does the race to secure reliable access to these crucial elements. Overview In this episode of Down to Business English, Skip Montreux and Dez Morgan dive deep into the world of Rare Earth Elements (REEs). They clarify the difference between Rare Earth Elements and Rare Earth Minerals, explain why these materials are vital to modern industries, and unpack the geopolitical tensions surrounding global supply chains. Insights Skip and Dez demystify the complex world of Rare Earths while sharpening your business English skills. Key takeaways include: The role of Rare Earth Elements in modern technology. Their importance to critical industries, from electric vehicles to defense systems. The economic risks created by China’s dominance of the global REE supply. In Summary D2B 360 explores the high-stakes world of Rare Earth Elements — their critical role in technology and the fierce competition to control their supply.
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358 - Brazil’s Currency and Debt Crisis
02/16/2025
358 - Brazil’s Currency and Debt Crisis
Brief Brazil is facing a currency and debt crisis as investor confidence in the country’s economic policies plummets. Since President Lula da Silva returned to office in 2023, increased public spending and rising debt levels have fueled concerns about Brazil’s financial stability. The Brazilian Real has weakened significantly, inflation remains high, and interest rates are soaring. Can Brazil pull itself out of this downward spiral, or is the crisis just beginning? Overview In this episode of Down to Business English, Skip Montreux and Dez Morgan break down Brazil’s economic turmoil. They explore the root causes of the crisis, from government spending policies to investor reactions, and analyze the impact of rising debt and currency devaluation. They also discuss Brazil’s efforts to stabilize the Real, control inflation, and regain investor trust. Insights Skip and Dez's report navigates the complexities of Brazil’s financial troubles while sharpening your business English skills. Key takeaways include: Why investor confidence in Brazil has eroded and what it means for the economy. The impact of rising debt, floating-rate bonds, and high interest rates on Brazil’s financial stability. The government’s proposed solutions and whether they have a chance of success. In Summary D2B 358 examines Brazil’s unfolding economic crisis, shedding light on its causes, consequences, and the difficult road ahead for Latin America’s largest economy. Do you like what you hear? Become a D2B Member today to access exclusive content, including interactive audio scripts, downloadable PDFs, bonus vocabulary episodes, and more!
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355 - Steel Standoff: The Blocked Nippon-US Steel Acquisition
01/23/2025
355 - Steel Standoff: The Blocked Nippon-US Steel Acquisition
Brief In a surprising turn of events, the outgoing Biden administration blocked a $14.9 billion deal for Nippon Steel to acquire US Steel, citing national security concerns. This decision has sparked legal battles, raised diplomatic questions, and left the future of one of America’s most iconic companies uncertain. But is this move purely about security, or are there deeper implications for global business? Overview In this episode of Down to Business English, Skip Montreux and Samantha Vega explore the controversial Nippon Steel-US Steel acquisition. They outline the timeline of events, examine the economic and strategic motivations behind the deal, and analyze why the Biden administration ultimately decided to block it. The discussion also considers the broader implications for foreign investment in the US and how this decision aligns with the country’s national security and economic policies. Insights Skip and Samantha's report touches on the intersection of business, politics, and international relations while helping you sharpen your business English skills. Key takeaways include: The history of US Steel and its significance to the American economy. Nippon Steel’s motivations for the acquisition and its potential impact on the global steel industry. Arguments for and against the acquisition. In Summary D2B 355 explores the complex dynamics of the Nippon Steel-US Steel acquisition, highlighting its impact on global business and raising important questions about foreign investment in strategic industries. Enjoying the show? to unlock exclusive content, including interactive audio scripts, downloadable PDFs, bonus vocabulary episodes, and more!
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353 - Real Ice and their plan to save Arctic sea ice
01/12/2025
353 - Real Ice and their plan to save Arctic sea ice
Brief The Arctic is warming at an alarming rate, leading to dramatic declines in sea ice. A UK-based start-up, Real Ice, is tackling this crisis by developing innovative technology to thicken Arctic sea ice. But can this ambitious project succeed, and is it financially sustainable? Overview Skip Montreux and Samantha Vega explore the environmental and business implications of Real Ice’s mission to save the Arctic. They discuss the science behind Arctic ice loss, the albedo effect, and the cyclical nature of global warming. They also examine the business model designed to fund Real Ice's initiative. The conversation sheds light on the company’s plans, challenges in scaling operations, and the role of ‘cooling credits’ in making this project financially viable. Insights Skip and Samantha’s discussion is a great resource for improving your business English listening comprehension skills while learning about innovative solutions to climate change. Key points include: The science of Arctic ice loss and the albedo effect. How Real Ice’s technology increases ice thickness and reduces global warming. Real Ice’s business strategy, including revenue streams and the potential market for ‘cooling credits.’ The financial and technical challenges facing this ambitious project. In Summary D2B 353 examines how Real Ice’s innovative approach to thickening Arctic sea ice is addressing one of the planet’s most pressing environmental challenges. Enjoying the show? to unlock exclusive content, including interactive audio scripts, downloadable PDFs, bonus vocabulary episodes, and more!
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351 - BuzzFeed’s Hot Sale of Hot Ones
12/28/2024
351 - BuzzFeed’s Hot Sale of Hot Ones
Brief Hot Ones, the wildly popular YouTube interview show where celebrities tackle spicy chicken wings, has a new home. BuzzFeed recently sold the production company behind the hit series, First We Feast, to a group of investors led by an affiliate of George Soros’s fund. Overview In this episode of Down to Business English, Skip Montreux and Samantha Vega examine the financial pressures that led BuzzFeed to sell Hot Ones. They explore BuzzFeed’s rise as a digital media pioneer, its decision to go public through a SPAC, and the acquisition of Complex Networks in 2021. They also explain how these moves impacted BuzzFeed’s finances and led to the eventual sale of First We Feast. Insights Skip and Samantha’s discussion is a great resource for improving your business English listening skills while learning about the digital media landscape. Key points include: BuzzFeed’s SPAC Merger: Learn the differences between a SPAC and an IPO, and why BuzzFeed opted for a SPAC in 2021. A breakdown of BuzzFeed’s $300 million purchase of Complex Networks. How selling Hot Ones has helped BuzzFeed reduce its debt and pivot toward new revenue streams. In Summary D2B 351 examines how financial struggles led BuzzFeed to sell Hot Ones, the challenges of navigating the digital media landscape, and the exciting future ahead for the spicy interview show. Do you like what you hear? ! Gain access to: Bonus vocabulary episodes Interactive audio scripts Exclusive Member-only D2B episodes. Downloadable PDF audio scripts
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348 - Coffee Talk: Starbucks CEO turnover and Luckin's expansion
12/11/2024
348 - Coffee Talk: Starbucks CEO turnover and Luckin's expansion
Brief: The coffee industry is brewing big changes as Starbucks navigates high CEO turnover and faces a new challenge from Luckin Coffee, China’s largest coffee chain. These developments signal a potential shake-up in the competitive landscape of the global coffee market. Overview: In this episode of D2B, Skip Montreux and Dez Morgan report on two major developments in the coffee world. First, Skip examines Starbucks’ history of leadership changes, highlighting its recent struggles with CEO turnover and the challenges of balancing innovation with operational efficiency. Dez then explores Luckin Coffee’s rise to dominance in China and its ambitious plans for international expansion, including breaking into the US market in 2024. Insights: This episode is an excellent resource for improving your business English listening comprehension while staying informed about global business trends. Key points include: A timeline of leadership changes at Starbucks. The unintended consequences of Starbucks’ mobile app. How the Luckin Coffee rebounded from a 2020 accounting scandal to become China’s leading coffee chain. Luckin’s plans to challenge Starbucks in the US market by offering high-quality coffee at lower prices through an app-first approach. In Summary: D2B 348 explores the evolving dynamics in the global coffee market, from Starbucks’ internal struggles to Luckin Coffee’s ambitious international strategy. Skip and Dez discuss how leadership changes, business models, and pricing strategies are shaping the future of coffee consumption. This episode offers valuable insights into how established brands like Starbucks are navigating competition from innovative newcomers like Luckin Coffee. Do you like what you hear? ! Gain access to interactive audio scripts, downloadable PDFs, bonus vocabulary episodes, and exclusive content.
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346 - BRICS: its aims and how it challenges G7 influence
11/29/2024
346 - BRICS: its aims and how it challenges G7 influence
Brief: The BRICS nations — Brazil, Russia, India, China, and South Africa— are taking steps to challenge the influence of the G7 by promoting economic cooperation, reducing reliance on the US dollar, and creating opportunities for the Global South. Overview: In this episode of D2B, Skip Montreux and Dez Morgan explore the origins and evolution of BRICS, from its beginnings as a term coined by a Goldman Sachs economist to its expansion as a formal organization. They discuss the group's goals, including fostering economic collaboration among member nations, reducing dependence on Western-dominated systems like SWIFT, and advocating for a multipolar world order. Skip and Dez talk about how BRICS’ growing membership positions it as a potential counterweight to the G7. Insights: BRICS: Initially a term coined in 2001 to describe emerging economies. Goals: Economic cooperation, equitable global governance, reduced reliance on the US dollar, and greater representation for developing economies. Expansion: Recent additions include Egypt, Ethiopia, Iran, and the UAE, creating "BRICS+," with other nations cooperating as partners. Comparisons with the G7: BRICS+ represents 33% of global GDP and 3.5 billion people, surpassing the G7 in population and rivaling its economic influence. In Summary: D2B 346 examines how BRICS is evolving to challenge the G7’s dominance and support the interests of developing nations. Skip and Dez discuss the group’s initiatives, including fostering trade, advocating for a new global reserve currency, and encouraging a multipolar world order. They also highlight how BRICS+ nations could reshape global economic policies while navigating their internal differences. Take Action: Follow Down to Business English to stay informed on international economic developments and join the D2B community for discussions on how global organizations like BRICS and the G7 shape the world economy. Do you like what you hear? ! Gain access to interactive audio scripts, downloadable PDFs, bonus vocabulary episodes, and exclusive content.
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345 - Understanding Economic Stimulus
11/13/2024
345 - Understanding Economic Stimulus
Brief: China is taking action to boost its slowing economy with different types of economic support. By lowering interest rates, making it easier to borrow money, and helping local governments buy unsold real estate, China hopes to increase growth. Overview: In this episode of D2B, Skip Montreux and Dez Morgan talk about how the Chinese government is using economic stimulus to improve its economy. The People’s Bank of China (PBOC) recently took steps to encourage more borrowing and spending, including lowering interest rates and loosening rules for bank lending. Another important step allows local governments to sell bonds to help fund the purchase of unsold real estate, which indirectly supports property developers. Skip and Dez discuss how these moves are helping China’s real estate and tech sectors and what risks might come if the government support stops. Insights: Skip and Dez explain different types of economic stimulus and look at China’s recent steps to grow its economy. Key points include: Governments can boost economic growth by cutting taxes, spending on public projects, and lowering interest rates. In the 1930s, the U.S. government’s New Deal used public spending to help lift the country out of the Great Depression. China’s central bank recently lowered interest rates and made it easier for banks to lend money, hoping to encourage more property purchases and investments. Local governments in China are now able to sell bonds to buy unsold real estate from developers, with possible support from the central bank. In Summary: D2B 345 explores China’s recent economic stimulus measures and what they mean for the country’s economy. Skip and Dez discuss how these government actions are helping key sectors like real estate and technology. They also look at the risks involved if government support ends. This episode of D2B provides a look at the benefits and challenges of economic stimulus in a major global economy. Take Action: Stay informed about China’s economic policies and their effects on global markets by following Down to Business English. Join the D2B community to talk about how China’s approach to economic stimulus compares with other countries and what it means for the future. Do you like what you hear? to access interactive audio scripts, audio script PDFs, bonus vocabulary episodes, and member-only content.
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343 - Big Tech goes Nuclear
11/01/2024
343 - Big Tech goes Nuclear
Brief: Big Tech is turning to an unexpected solution to meet the soaring power demands of artificial intelligence — nuclear energy. With Microsoft, Amazon, and Google investing heavily in nuclear technology, this move could reshape energy use in the tech industry. Overview: In this episode, Skip Montreux and Samantha Vega explore the surprising steps that Big Tech is taking to secure power for their AI-driven future. Microsoft recently made headlines by signing a 20-year agreement to source energy from the infamous Three Mile Island nuclear plant, while Amazon and Google are betting on new nuclear technology with investments in Small Modular Reactors (SMRs). Samantha and Skip discuss the enormous energy requirements of AI, the environmental goals of these companies, and the potential risks and benefits of Big Tech’s nuclear power ambitions. Insights: Skip and Samantha provide a detailed breakdown of Big Tech’s shift towards nuclear energy. Key points include: AI’s overall energy demand Microsoft is set to source power from Three Mile Island by 2028. Amazon and Google are investing in the development of Small Modular Reactors to support their future energy demands. In Summary: D2B 343 looks into how Big Tech’s move into nuclear power marks a critical step in the evolution of the energy landscape. Skip and Samantha examine how companies like Microsoft, Amazon, and Google are balancing the advantages of clean energy with the potential risks that nuclear power entails, creating a thought-provoking look at the future of energy in the tech industry. Take Action Stay informed on Big Tech’s energy innovations and the broader impacts of nuclear power in tech. Join the D2B community to engage in discussions on the intersection of technology, energy, and sustainability as companies navigate the challenges of carbon-free power for AI. Do you like what you hear? Become a D2B Member today to access interactive audio scripts, audio script PDFs, bonus vocabulary episodes, and member-only content.
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342 - Charles Ponzi - the father of Ponzi schemes - redux
10/23/2024
342 - Charles Ponzi - the father of Ponzi schemes - redux
Brief Ponzi schemes are one of the most famous types of financial fraud, promising big returns but often leaving investors with huge losses. But where did the term "Ponzi scheme" come from, and how do these scams work? Overview In this episode of Down to Business English, Skip Montreux and Samantha Vega discuss the history of the Ponzi scheme and its infamous founder, Charles Ponzi. They explore how Ponzi scammed investors in the early 1920s with promises of guaranteed returns using international postal reply coupons. Skip explains how Ponzi's business plan quickly fell apart when the press and authorities began investigating, causing panic among investors. Insights Skip and Samantha’s discussion offers valuable insights into the history of the Ponzi scheme as well as many business English words and phrases. Key points include: How Charles Ponzi’s scheme promised big returns by using money from new investors to pay old investors. Why Ponzi’s idea seemed successful at first, but quickly became unsustainable. The role of media and law enforcement in bringing down Ponzi’s operation. In Summary D2B 342 offers a fascinating look at how Ponzi schemes started and how they work, shedding light on one of the biggest financial scams in history. It’s an essential episode for anyone who wants to understand how to spot these kinds of frauds and avoid falling victim to similar scams in today’s world. Take Action: Learn more about the history and dangers of Ponzi schemes by tuning into this detailed discussion. Join the D2B community on social media and share your thoughts on how these scams still exist today, and whether new regulations can prevent them. Do you like what you hear? to access interactive audio scripts, PDFs, bonus vocabulary episodes, and more!
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339 - Savory Snacks: Mars Inc.'s acquisition of Kellanova
10/08/2024
339 - Savory Snacks: Mars Inc.'s acquisition of Kellanova
Brief Mars Inc., known for its chocolate products like Mars bars and M&Ms, is making a major move into the savory snack market. With a $35.9 billion deal to acquire Kellanova, Mars is positioning itself to compete with industry giants like PepsiCo. This acquisition could reshape the savory snack landscape and help Mars diversify beyond its traditional chocolate-based portfolio. Overview Skip Montreux and Dez Morgan discuss Mars Inc.’s acquisition of Kellanova, a major player in the global savory snack market. Formerly part of Kellogg's, Kellanova produces well-known brands like Pringles and Rice Krispie Treats. Skip and Dez explore why Mars, typically focused on chocolate, is investing heavily in snacks like crisps and pretzels. They also look at how the rise in cocoa prices has pushed Mars to diversify its portfolio and enter the savory snack market. Insights Skip and Dez provide valuable insights into Mars Inc.'s strategic move into the savory snack market. Key points include: Mars Inc. is acquiring Kellanova for $35.9 billion, giving it a major stake in the global snack food industry. Kellanova is a new snack food company, formerly a division of Kellogg's, featuring brands like Pringles. Rising cocoa prices are driving Mars to diversify into savory snacks, which are less affected by cocoa market fluctuations. In Summary D2B 329 breaks down Mars Inc.'s acquisition of Kellanova and how it signifies a significant shift in Mars' business strategy. Skip and Dez explain how this move will position Mars to become a major competitor to PepsiCo in the global snack market. Take Action Stay informed on Mars Inc.'s acquisition and how it impacts the snack food industry. Join the D2B community to continue the conversation on the growing competition in the global savory snack market and explore how this deal could shift consumer choices worldwide. Do you like what you hear? to access interactive audio scripts, PDFs, bonus vocabulary episodes, and more!
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337 - Google's Antitrust Battles
09/24/2024
337 - Google's Antitrust Battles
Brief: Google’s dominance in internet search and advertising is under intense legal scrutiny. With two major antitrust lawsuits in the United States, these cases could reshape how we navigate the web and interact with digital ads. The results of these legal battles could have wide-reaching consequences, not just for Google but for the entire tech industry. Overview: In this episode, Skip Montreux and Samantha Vega discuss Google's antitrust struggles in the U.S. courts. They break down two key lawsuits — one regarding Google’s search engine dominance and another about its control of online advertising. Their conversation explores the legal implications, potential outcomes, and what these cases mean for the future of internet use. From exclusive contracts to consumer inertia, they uncover the mechanisms behind Google’s massive power and discuss whether that power is about to change. Insights: Skip and Samantha’s discussion offers valuable insights into both Google’s legal battles as well as business English. Key points include: Google has been found guilty of using exclusive contracts to stifle competition by becoming the default search engine on popular devices. Though its market share has slightly decreased in recent years, Google still controls 90.48% of the global search engine market. Google's advertising business, the core of its empire, is now the target of another lawsuit, with allegations that it manipulates pricing and competition in digital ads These legal battles may set a precedent for how large tech companies like Amazon, Meta, and Apple will be regulated in the future. In Summary: D2B 337 gives a thorough analysis of Google's ongoing legal challenges, showing how the company's business practices could soon face drastic changes. Skip and Samantha explain the significance of these antitrust cases and how they might impact not only Google but the entire tech landscape. Take Action: Follow the latest developments in these legal cases and stay informed about the regulatory challenges facing major tech companies. Join the D2B community to discuss how these cases could shape the future of online business and digital advertising. Do you like what you hear? today to access interactive audio scripts, audio script PDFs, bonus vocabulary episodes, and D2B Member-only episodes.
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335 - Panda Diplomacy
09/16/2024
335 - Panda Diplomacy
Brief: Giant pandas are more than just cute animals—they're key players in China's global diplomacy. Known as "Panda Diplomacy," China has used its iconic bears to strengthen international relationships and influence global politics for centuries. In this episode, learn how these animals serve as soft power tools in China’s foreign policy, fostering diplomatic goodwill and smoothing tensions with other nations. Overview: Skip Montreux and Dez Morgan explore the unique role that pandas play in global diplomacy. They trace the history of Panda Diplomacy, explain why China leases rather than sells its pandas to foreign zoos, and dive into the economic and political impact of these adorable ambassadors. From the high cost of leasing pandas to recent developments in U.S.-China relations, this episode provides an in-depth look at how pandas are wielded as diplomatic envoys. Insights: Skip and Dez offer key insights into the mechanics of Panda Diplomacy: China’s panda leasing program comes with hefty fees, costing zoos around $1 million per year. Breeding giant pandas in captivity is not only a rare event but also a lucrative one for China. The strategic withdrawal or placement of pandas often reflects China’s diplomatic relations with the host country. In Summary: D2B 335 uncovers the surprising business and political layers behind Panda Diplomacy. Through a detailed discussion, listeners gain insight into how China uses its beloved giant pandas to shape international relationships and advance its global agenda. Take Action: Stay informed about the evolving dynamics of Panda Diplomacy, and join the D2B community to explore how global diplomacy, business, and cultural symbols intersect. Do you like what you hear? to access interactive audio scripts, audio script PDFs, bonus vocabulary episodes, and D2B Member-only episodes.
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334 - OPEC Explained Part 2: History and Present Day Status (Public Announcement)
09/06/2024
334 - OPEC Explained Part 2: History and Present Day Status (Public Announcement)
Brief OPEC, the Organization of Petroleum Exporting Countries, has played a central role in the global oil market for over six decades. From the 1973 Oil Embargo to the rise of U.S. shale production, OPEC’s influence has evolved as the energy landscape has changed. Despite challenges, the organization continues to be a key player in determining global oil prices today. Overview In this second part of their two-part series on OPEC, Skip Montreux and Dez Morgan examine key moments in the history of the Organization of Petroleum Exporting Countries. They revisit the 1973 Oil Embargo, which drastically increased oil prices and led to a global recession, and the 1986 oil price crash caused by Saudi Arabia’s decision to raise production. Skip and Dez also discuss the current state of OPEC’s influence, with competition from U.S. shale production and the impact of China’s economic slowdown putting pressure on the organization’s ability to control oil prices. Insights This episode provides valuable insights into OPEC’s history and its ongoing role in the oil market, including: The 1973 Oil Embargo and its effect on the global economy. The 1986 oil price crash, which resulted from overproduction by OPEC members. How technological advancements and alternative energy sources have reduced global reliance on OPEC oil. OPEC’s current strategy of production limits to maintain higher oil prices. In Summary D2B 334 offers a detailed analysis of OPEC’s historical and current influence on global oil markets. The episode underscores the complex interplay between politics, economics, and energy production, providing listeners with a comprehensive understanding of OPEC’s evolving role in the world economy. Take Action Learn more about how OPEC has shaped the oil market and what the future holds by tuning into this in-depth discussion. Join the D2B community on social media to share your thoughts on OPEC’s past and its ongoing influence on energy prices. Do you like what you hear? today to access interactive audio scripts, audio script PDFs, bonus vocabulary episodes, and D2B Member-only episodes.
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332 - OPEC Explained: Part 1: Origins and Strategic Purpose
08/27/2024
332 - OPEC Explained: Part 1: Origins and Strategic Purpose
Brief: The Organization of Petroleum Exporting Countries (OPEC) was established in 1960 to give oil-producing nations more control over their resources and influence global oil prices. Initially formed by five countries—Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela—OPEC has grown to include 12 member countries, with 10 additional nations cooperating under the OPEC+ alliance. The organization has played a critical role in stabilizing oil prices and shaping the global energy market. Overview: Skip Montreux and Dez Morgan kick off a two-part series on OPEC, starting with an in-depth discussion on the organization's founding in 1960. They examine the reasons behind OPEC's creation, its structure, and how it operates. Insights: Skip and Dez's discussion offers valuable insights into both OPEC and business English. Key points include: OPEC’s formation in 1960 marked a shift in control over oil resources from Western companies to oil-producing nations. The organization’s mandate is to coordinate petroleum policies among member countries, ensuring stable and fair prices globally. OPEC+ includes 22 countries, which together produce 59% of the world’s oil, giving them significant power in the global market. In Summary: D2B 332 provides a detailed analysis of OPEC's founding and its critical role in the global energy market. The discussion highlights how OPEC has influenced oil production and pricing, and the importance of the organization in maintaining global energy stability. Take Action: To better understand the complexities of the global oil market, follow developments in OPEC’s strategies and decisions. Engage with the D2B community on social media to discuss the impact of OPEC on global economics and energy security.
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331 - The CrowdStrike Incident: the largest global IT outage in history (Public Announcement)
08/19/2024
331 - The CrowdStrike Incident: the largest global IT outage in history (Public Announcement)
Brief: In July, a global IT outage, known as the CrowdStrike Incident, disrupted businesses worldwide. A faulty software update from cybersecurity firm CrowdStrike affected millions of devices, leading to significant financial losses across various sectors. Overview: Skip Montreux and Samantha Vega discuss the largest global IT outage in history, triggered by a faulty update from cybersecurity giant CrowdStrike. They explore its impact on businesses globally, including airlines, retail stores, and emergency services, and consider the broader implications for the cybersecurity industry. Insights: Key points from Skip and Samantha’s discussion include: CrowdStrike released a faulty update that impacted 8.5 million devices. Major corporations like Delta Airlines and McDonald's were severely affected. Resolving the issue took several days, requiring manual intervention. The incident has led to lawsuits, with Delta Airlines seeking compensation. The outage highlights the need for robust cybersecurity measures. In Summary: D2B 331 provides an analysis of the CrowdStrike Incident, showing how a single software update led to the largest global IT outage in history. The discussion emphasizes the far-reaching consequences for businesses and the importance of reliable cybersecurity in today's interconnected world. Take Action: Stay informed about cybersecurity trends and best practices to protect your business from potential IT disruptions. Join the conversation with Skip, Samantha, and the D2B community on social media, and share your thoughts on how companies can safeguard against similar incidents in the future. Do you like what you hear? today to access interactive audio scripts, audio script PDFs, bonus vocabulary episodes, and D2B Member-only episodes.
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329 - Over Tourism Issues in Spain and Japan
08/09/2024
329 - Over Tourism Issues in Spain and Japan
Brief: Over tourism is becoming a significant issue in popular destinations worldwide, with cities like Barcelona and countries like Japan struggling to balance economic benefits with the challenges of an increasing number of visitors. Overview: Skip Montreux and Samantha Vega explore the impact of over tourism in Spain and Japan. They discuss how the surge in tourism is driving up living costs, displacing local residents, and prompting government interventions. The episode focuses on the measures being taken in Spanish cities like Barcelona and Valencia, as well as Japan’s efforts to manage overcrowding in famous tourist spots such as Mt. Fuji. Insights: Key points from Skip and Samantha’s discussion include: Spain anticipates over 90 million international visitors in 2024, causing significant increases in housing costs and local displacement. Barcelona is set to phase out all short-term rental accommodations by 2029 to address the housing crisis. Valencia is tightening regulations on short-term rentals and imposing heavy fines for illegal rentals. Japan's record tourism numbers, spurred by a weak yen, are leading to overcrowding in key tourist destinations. The Japanese government is encouraging regional tourism to ease the burden on popular attractions. In Summary: D2B 329 provides an insightful analysis of the challenges posed by over tourism in Spain and Japan. The discussion highlights the measures these countries are taking to balance the economic benefits of tourism with the need to protect local communities and maintain quality of life for residents. Take Action: Stay up to date on global tourism trends and the strategies being used to combat over tourism. Join the discussion with Skip, Samantha, and the D2B community on social media, and share your thoughts on how destinations can manage the growing number of tourists. Do you like what you hear? today to access interactive audio scripts, audio script PDFs, bonus vocabulary episodes, and D2B Member-only episodes.
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327 - The Dow Jones Industrial Average & Dow Theory
07/24/2024
327 - The Dow Jones Industrial Average & Dow Theory
Brief: The Dow Jones Industrial Average (DJIA) remains a vital benchmark for U.S. economic performance, despite being established in 1896. Today, the DJIA and Dow Theory continue to provide investors with valuable insights into market trends. Overview: Skip Montreux and Dez Morgan explore the history and significance of the Dow Jones Industrial Average, often referred to simply as the Dow. They discuss its origins, evolution, and current relevance in the financial world. The conversation also introduces Dow Theory, a set of principles developed by Charles Dow to analyze market trends, highlighting its continued importance in modern investing. Insights: Skip and Dez’s discussion offers a comprehensive understanding of the Dow Jones Industrial Average and Dow Theory. Key points include: The historical background of the Dow Jones Industrial Average. The evolution of the Dow, from the original 12 stocks to the current 30 components. An introduction to Dow Theory, including its six tenets and their application in market analysis. In Summary: D2B 327 provides an in-depth exploration of the Dow Jones Industrial Average and Dow Theory, tracing their historical roots and examining their contemporary relevance. From the formation of the DJIA to the principles of Dow Theory, this episode sheds light on essential financial concepts that continue to guide investors in understanding market dynamics. Take Action: Stay informed about the latest developments in financial markets and investment strategies. Join the discussion with Skip, Dez, and the D2B community on social media, and share your thoughts on the role of the Dow Jones Industrial Average and Dow Theory in today's economy. Do you like what you hear? Become a D2B Member today to access interactive audio scripts, audio script PDFs, bonus vocabulary episodes, and D2B Member-only episodes.
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325 - Elon Musk vs. The Brazilian Supreme Court
07/10/2024
325 - Elon Musk vs. The Brazilian Supreme Court
Brief: Elon Musk’s social media platform X faces legal challenges in Brazil over content moderation, highlighting the difficulties global companies encounter with varying legal and cultural standards. Overview: Skip Montreux and Samantha Vega discuss the recent legal battle between Elon Musk's X (formerly Twitter) and the Brazilian Supreme Court. They discuss the complexities of content moderation, the specific issues in Brazil, and the wider regulatory challenges faced by global social media platforms. The conversation also touches on similar disputes in other countries, highlighting the difficulties of balancing free speech and government regulations. Insights: Skip and Samantha’s discussion provides valuable insights into the intersection of technology, law, and international business. Key points include: The origins of the dispute between Elon Musk's X and Brazil’s Supreme Court. The potential consequences for X and Musk, including fines and operational restrictions. Comparisons to other legal disputes involving X in Australia and the US. The broader trend of increasing regulatory pressure on social media platforms worldwide. In Summary: D2B 325 offers an in-depth look at the ongoing clash between Elon Musk’s social media platform X and the Brazilian legal system. From the specifics of the Brazilian case to similar international disputes, this episode sheds light on the challenges global companies face in adhering to diverse legal standards and cultural expectations. Take Action: Stay informed about the latest developments in social media regulation and the implications for global business. Join the discussion with Skip, Samantha, and the D2B community on social media, and share your thoughts on the balance between free speech and government oversight. Do you like what you hear? Become a D2B Member today to access interactive audio scripts, audio script PDFs, bonus vocabulary episodes, and D2B Member-only episodes.
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324 - Dr. Copper: How Copper Prices Reflect Global Economic Health (Public Announcement)
07/06/2024
324 - Dr. Copper: How Copper Prices Reflect Global Economic Health (Public Announcement)
Brief: Copper — a critical industrial metal — holds the intriguing title of "Dr. Copper" for its ability to diagnose the health of the global economy. In this episode, we delve into how copper prices act as an economic barometer and explore the factors influencing its market trends. Overview: Skip Montreux and Dez Morgan discuss the concept of "Dr. Copper," examining how the price of copper is used to predict global economic health and explain why copper is a unique economic indicator. Their conversation touches on historical and current market trends, the influence of supply and demand, and the implications for future economic conditions. Insights: Skip and Dez’s discussion offers valuable insights into both economics and business English. Key points include: The role of copper in various industries and its widespread industrial uses. How the price of copper reflects global economic trends. Historical examples of copper price movements and their economic impacts. The influence of the green economy on copper demand and price. The limitations of using copper prices as a sole economic indicator. In Summary: D2B 324 provides a thorough exploration of copper's unique position as an economic indicator. From historical context to current market dynamics, this episode covers how copper prices can signal economic health, the factors driving these prices, and the complexities of interpreting these signals in today's economy. Do you like what you hear? Become a D2B Member today to listen to the full episode of D2B 324 - Dr. Copper: How Copper Prices Reflect Global Economic Health, access to interactive audio scripts, bonus Down to Vocabulary, and Member-only D2B episodes. Visit for more information.
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322 - Roots of Success: Turkey's Hair Transplant Boom
06/21/2024
322 - Roots of Success: Turkey's Hair Transplant Boom
Brief Turkey's hair transplant industry is booming, attracting international clients and reshaping the medical tourism landscape. This episode explores the factors driving this growth, including advancements in technology, social acceptance, and economic factors. Overview Skip Montreux and Samantha Vega dive into the rapidly growing hair transplant industry in Turkey. They discuss how Turkey has become a global hub for hair loss treatments, offering high-quality services at a fraction of the cost compared to other countries. Insights Skip and Samantha’s discussion offers valuable insights for anyone interested in global business trends and personal development. Key points of their discussion include: The prevalence of male pattern baldness. The technological advancements in hair transplantation. The cost benefits and quality of medical services in Turkey. The role of medical tourism in Turkey's economy and its future growth prospects. In summary D2B 322 provides a comprehensive analysis of Turkey's hair transplant industry. From the economic advantages to the high standards of medical care, this episode explores the various elements contributing to Turkey’s success in this niche market. Take action Stay informed about the latest trends in the medical tourism industry and how they might impact global business. Engage with Skip, Samantha, and the D2B community on social media to share your thoughts and experiences related to hair loss treatments and medical tourism. Do you like what you hear? for access to our interactive audio scripts, bonus Down to Vocabulary, and Member-only D2B episodes.
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320 - South Korean Chaebols & The Korea Discount
06/08/2024
320 - South Korean Chaebols & The Korea Discount
Brief South Korea's economic landscape has been significantly shaped by its large family-owned conglomerates, known as chaebols. These entities have driven the nation's rapid development, but also face criticism for their dominant market position and governance issues. Overview Skip Montreux and Dez Morgan examine the world of South Korean chaebols and the phenomenon known as the Korea Discount. They explore the history and structure of these powerful business entities, their economic influence, and the controversies surrounding them. Their discussion also covers how these conglomerates impact the valuation of South Korean companies on the global stage, and the reasons behind the Korea Discount. Insights Skip and Dez’s discussion offers a valuable resource for enhancing English listening comprehension and expanding business vocabulary. Key points of their discussion include: The origin and evolution of chaebols in South Korea. The economic dominance of chaebols and their relationship with the South Korean government. The Korea Discount and its implications for the valuation of South Korean companies in the global market. The challenges and criticisms faced by chaebols, including issues of nepotism, lack of transparency, and corporate governance. In summary D2B 320 provides a comprehensive analysis of South Korean chaebols and the Korea Discount, shedding light on the intricate dynamics of these family-run conglomerates and their significant impact on the country's economy. From their historical roots to the modern challenges they face, this episode explores the complex role chaebols play in South Korea's economic landscape. Take action Stay informed about the latest developments in South Korea's corporate world and its implications on the global economy. Engage with Skip, Dez, and the D2B community on social media to share your thoughts and discuss the potential future of chaebols and the Korea Discount. Do you like what you hear? Become a for access to our interactive audio scripts, bonus Down to Vocabulary, and Member-only D2B episodes.
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318 - The US TikTok Ban: what you need to know
05/30/2024
318 - The US TikTok Ban: what you need to know
Brief The United States government has taken unprecedented steps to ban the popular social media platform TikTok due to concerns over data security and potential influence from the Chinese government. Overview Skip Montreux and Samantha Vega discuss the recent developments surrounding the US government's decision to ban TikTok unless its Chinese parent company, ByteDance, sells it to a US entity. They explore the reasons behind the ban, including data security concerns and potential manipulation of TikTok's algorithm by the Chinese government. Their conversation also covers the legal challenges posed by TikTok and the potential economic impact on small businesses that rely on the platform. Insights Skip and Samantha’s conversation is a great learning resource if you want to build your English listening comprehension skills and expand your business vocabulary. Key points of their discussion include: The history and rapid growth of TikTok as a global social media platform. The US government's concerns about data security and potential Chinese influence. The legal and economic implications of the TikTok ban, including its impact on small businesses in the US. In summary D2B 318 provides an analysis of the US government's decision to ban TikTok and the broader implications of this move. From data security concerns to the potential economic fallout for small businesses, this episode highlights the complex factors at play in this unprecedented situation. Take action Stay updated on the latest developments regarding the TikTok ban and its implications. Engage with Skip, Samantha, and the D2B community on social media to discuss the potential outcomes and share your thoughts on this significant issue. Do you like what you hear? for access to our interactive audio scripts, bonus Down to Vocabulary, and Member-only D2B episodes.
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D2B 317 - Egypt's Economic Headwinds (Public Announcement)
05/25/2024
D2B 317 - Egypt's Economic Headwinds (Public Announcement)
Brief Egypt's economy is facing significant challenges, with key sectors like the Suez Canal and natural gas industry experiencing sharp declines in revenue. These difficulties are exacerbated by geopolitical tensions and internal economic issues, creating a complex landscape for the country's financial future. Overview Skip Montreux and Dez Morgan report on the economic headwinds confronting Egypt. They explore how the Suez Canal's revenue has plummeted due to decreased container traffic, driven by security risks from Houthi attacks. The impact extends to Egypt's natural gas sector, disrupted by the Israel-Hamas conflict, leading to a halt in gas exports and a substantial loss in foreign revenue. Additionally, Egypt's public debt and inflation rates are alarmingly high, further straining the economy. Insights Skip and Dez’s conversation is a great learning resource if you want to build your English listening comprehension skills and expand your business vocabulary. Key points of their discussion include: The significant decline in Suez Canal traffic and its economic implications. Disruptions in Egypt’s natural gas exports due to regional conflicts. The broader impact of high public debt and inflation on the economy. In summary D2B 317 provides an in-depth analysis of the multiple economic challenges facing Egypt. From the Suez Canal and natural gas sector disruptions to soaring public debt and inflation, this episode highlights the intricate factors contributing to the nation's financial strain. Become a D2B Member today to listen to the full episode of D2B 317 - Egypt’s Economic Headwinds. Visit for more information.
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315 - The Cocoa Crisis
05/09/2024
315 - The Cocoa Crisis
Brief The global chocolate industry is grappling with a steep rise in cocoa prices, leading to significant changes for producers and consumers alike. This unprecedented surge, driven by unusual weather patterns and long-standing structural challenges, has sent shockwaves through the market, forcing chocolate manufacturers to rethink recipes, pricing, and sourcing strategies. Overview Skip Montreux and Dez Morgan take a deep dive into the cocoa crisis, unpacking the causes and consequences of rising prices. They analyze how unseasonal El Niño rains have severely impacted West African cocoa production, highlighting the underinvestment in farms and crop diseases that have worsened the supply issues. With 60% of cocoa futures contracts held by speculators, market volatility is further inflating costs, leading chocolate manufacturers to implement measures like "shrinkflation" and recipe changes to navigate this complex market. Insights Skip and Dez’s conversation is a great learning resource if you want to build your English listening comprehension skills and expand your business vocabulary. Key points of their discussion include: Cocoa prices have soared over 300% in just one year, driven by environmental and economic factors. Chocolate manufacturers are altering their product recipes and resorting to "shrinkflation" to offset costs. Speculation in cocoa futures contracts has contributed significantly to price inflation, with investors holding around 60% of the contracts. In summary The crisis in the cocoa market is a vivid example of how environmental issues, market speculation, and underinvestment can collide to create global economic ripples. For consumers and chocolate producers, the effects are immediate and far-reaching, challenging traditional consumption patterns and manufacturing approaches. Take action Stay informed about the market dynamics affecting chocolate prices and the strategies that manufacturers are employing to adapt to this volatile environment. Understanding these trends will provide valuable insights into global commodity markets and consumer behavior. Do you like what you hear? Become a D2B Member today for access to Interactive Audio Scripts, Bonus Down to Vocabulary episodes, and Member only D2B episodes.
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313 - Beauty in Distress: What went wrong at The Body Shop?
04/29/2024
313 - Beauty in Distress: What went wrong at The Body Shop?
Brief The Body Shop, once a leader in ethical consumerism and a pioneer in brand activism within the cosmetics industry, has faced a dramatic downturn. This episode of Down to Business English examines the rise and fall of a company that set the standard for corporate responsibility but has recently struggled with bankruptcy and ownership changes. Overview Skip Montreux and Samantha Vega unpack the history of The Body Shop, from its humble beginnings in 1976, through its global expansion, to its recent financial struggles and restructuring. The episode not only covers the company’s business strategies but also highlights the impact of its ethos on the industry and what happens when a brand loses its way. Insights Skip and Samantha’s conversation is a great learning resource if you want to build your English listening comprehension skills and expand your business Vocabulary. Key points of their discussion include: The origins of The Body Shop, from its beginnings to its rapid global expansion. The concept of brand activism and how The Body Shop integrated it into their business model. The controversies and criticisms faced by The Body Shop. The impact of corporate acquisitions on The Body Shop's brand identity and customer loyalty In summary Episode 313 of D2B offers a comprehensive look at the history of The Body Shop and the importance of adapting to changing market conditions and staying true to one’s brand values. This episode is a must-listen for anyone interested in the intersections of business ethics, branding, and corporate history. Take action Dive deeper into the world of business and ethics by tuning into this enlightening episode. Engage with Skip, Samantha, and the D2B community on social media to share your views on brand activism or discuss the critical role of ethics in business success. Do you like what you hear? for access to Interactive Audio Scripts, Bonus Down to Vocabulary episodes, and Member only D2B episodes.
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