1 00:00:03,120 --> 00:00:07,480 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,720 --> 00:00:11,600 Speaker 2: Fighting in the Middle East escalated over the weekend, with 3 00:00:11,760 --> 00:00:14,840 Speaker 2: Israel and Hesbela stepping up their exchange of air strikes. 4 00:00:15,400 --> 00:00:18,840 Speaker 2: As of this afternoon, local authorities say over three hundred 5 00:00:18,880 --> 00:00:21,680 Speaker 2: and fifty people were killed and more than twelve hundred 6 00:00:21,720 --> 00:00:24,560 Speaker 2: were injured in Lebanon by a series of Israeli air 7 00:00:24,600 --> 00:00:28,080 Speaker 2: strikes on Monday, and the US is sending a small 8 00:00:28,200 --> 00:00:32,120 Speaker 2: number of additional troops to the region amid the increasing tensions. 9 00:00:32,800 --> 00:00:37,440 Speaker 2: The latest escalation came after thousands of simultaneous explosions last 10 00:00:37,440 --> 00:00:40,960 Speaker 2: week across Lebanon, the targeted members of Hesbola and a 11 00:00:41,040 --> 00:00:42,320 Speaker 2: Ron backed militant group. 12 00:00:42,479 --> 00:00:46,520 Speaker 3: We are hearing of handheld radio's walkie talkie devices also 13 00:00:46,680 --> 00:00:50,600 Speaker 3: exploding in people's hands, cars, and across at homes. 14 00:00:50,920 --> 00:00:54,560 Speaker 2: On Tuesday, an estimated three thousand to five thousand pager 15 00:00:54,600 --> 00:00:58,120 Speaker 2: devices being used by members of Hesbela blew up all 16 00:00:58,160 --> 00:01:03,640 Speaker 2: at once. The next day, waki talkies Hesbela used started exploding. 17 00:01:03,160 --> 00:01:07,000 Speaker 3: Too, so they were oftentimes on people's waist as you 18 00:01:07,000 --> 00:01:11,119 Speaker 3: would expect for a page it, they were in people's bags. 19 00:01:11,600 --> 00:01:14,840 Speaker 2: Peter Martin is a Bloomberg reporter based in Nairobi who 20 00:01:14,880 --> 00:01:16,640 Speaker 2: covers defense and intelligence. 21 00:01:17,000 --> 00:01:19,240 Speaker 3: Lots of the people who were injured, most of them 22 00:01:19,360 --> 00:01:22,240 Speaker 3: were HESBLA operatives, but there were also a number of 23 00:01:22,520 --> 00:01:24,000 Speaker 3: civilian bystanders. 24 00:01:24,080 --> 00:01:28,080 Speaker 2: At least thirty nine people died, including children, and thousands 25 00:01:28,120 --> 00:01:31,760 Speaker 2: of people were injured. Lebanese officials believed these attacks on 26 00:01:31,840 --> 00:01:35,560 Speaker 2: pagers and walkie talkies were planned and carried out by Israel. 27 00:01:36,160 --> 00:01:40,000 Speaker 2: Israel has not confirmed or denied responsibility, and its officials 28 00:01:40,040 --> 00:01:44,199 Speaker 2: are refusing to speak about the incidents, but reporting suggests 29 00:01:44,480 --> 00:01:47,360 Speaker 2: Israel may have found a way to get explosives into 30 00:01:47,400 --> 00:01:51,200 Speaker 2: the low tech devices while they were being made or 31 00:01:51,440 --> 00:01:52,640 Speaker 2: before they were delivered. 32 00:01:53,040 --> 00:01:55,320 Speaker 3: One of the working theories at the moment, which is 33 00:01:55,360 --> 00:01:58,880 Speaker 3: not being fully corroborated, is that these were inserted with 34 00:01:59,520 --> 00:02:03,040 Speaker 3: amounts of explosives at some point in the supply chain. 35 00:02:03,520 --> 00:02:06,600 Speaker 2: National security experts say this wouldn't be the first time 36 00:02:06,720 --> 00:02:10,000 Speaker 2: foreign actors have infiltrated a supply chain to carry out 37 00:02:10,040 --> 00:02:13,960 Speaker 2: an attack. In fact, it's happening way more often than 38 00:02:14,000 --> 00:02:14,640 Speaker 2: you might think. 39 00:02:16,639 --> 00:02:20,720 Speaker 3: What we know from speaking to current and former intelligence 40 00:02:20,720 --> 00:02:24,119 Speaker 3: officials from the US and elsewhere is that supply chain 41 00:02:24,200 --> 00:02:26,239 Speaker 3: tampering is rampant. 42 00:02:29,040 --> 00:02:32,079 Speaker 2: Today on the show, what the pager explosions in Lebanon 43 00:02:32,280 --> 00:02:35,800 Speaker 2: reveal about the growing threat to global supply chains and 44 00:02:35,840 --> 00:02:38,440 Speaker 2: what countries like the US and China are doing to 45 00:02:38,480 --> 00:02:42,600 Speaker 2: protect their technology from foreign interference. This is the big 46 00:02:42,639 --> 00:02:49,960 Speaker 2: take from Bloomberg News. I'm Sarah Holder. To understand what 47 00:02:50,080 --> 00:02:53,600 Speaker 2: we know and what we still don't know about these attacks, 48 00:02:53,919 --> 00:02:55,560 Speaker 2: I sat down with Katrina Manson. 49 00:02:55,880 --> 00:02:58,840 Speaker 1: I'm a snybersecurity reporter at Bloomberg. 50 00:02:59,120 --> 00:03:02,800 Speaker 2: Katrina told me the hasbelow was using low tech communications 51 00:03:02,840 --> 00:03:06,079 Speaker 2: devices like pagers in the first place because they seemed 52 00:03:06,200 --> 00:03:10,080 Speaker 2: less vulnerable to surveillance from Israel or the US. But 53 00:03:10,200 --> 00:03:13,160 Speaker 2: that couldn't protect the products from physical tampering. 54 00:03:13,240 --> 00:03:14,720 Speaker 1: Well, there are number of different ways you can get 55 00:03:14,720 --> 00:03:18,760 Speaker 1: into a supply chain. Ultimately, a factory produces a thing. 56 00:03:19,160 --> 00:03:23,160 Speaker 1: Once it leaves the factory, someone can intercept it, take it, 57 00:03:23,400 --> 00:03:25,840 Speaker 1: add something to it, and get it to the end user. 58 00:03:26,360 --> 00:03:31,360 Speaker 2: That's called interception meddling. That occurs after a product's been made. 59 00:03:31,960 --> 00:03:35,120 Speaker 2: But it's also possible that the factory assembling the product 60 00:03:35,240 --> 00:03:38,720 Speaker 2: could have tampered with it, or that another company down 61 00:03:38,760 --> 00:03:41,920 Speaker 2: the supply chain could have tampered with one of its components. 62 00:03:42,320 --> 00:03:46,240 Speaker 2: What do we know about when, where and how these 63 00:03:46,280 --> 00:03:48,920 Speaker 2: devices became explosives. 64 00:03:49,280 --> 00:03:52,080 Speaker 1: One of the leading theories at this point has to 65 00:03:52,120 --> 00:03:57,360 Speaker 1: be that from the point of manufacture these pages had 66 00:03:57,480 --> 00:04:01,600 Speaker 1: explosives in them. How the got into Hesbola, how they 67 00:04:01,600 --> 00:04:04,560 Speaker 1: were manufactured, where they were manufactured is I think one 68 00:04:04,560 --> 00:04:06,120 Speaker 1: of the questions to be explored. 69 00:04:06,640 --> 00:04:10,080 Speaker 2: The brand on the pagers was gold Apollo, that's a 70 00:04:10,160 --> 00:04:14,760 Speaker 2: Taiwanese company, but gold Apollo said they didn't actually manufacture 71 00:04:14,800 --> 00:04:18,480 Speaker 2: those models. They pointed to a company based in Hungary, 72 00:04:18,880 --> 00:04:21,800 Speaker 2: saying they produced the pagers, but. 73 00:04:22,360 --> 00:04:25,120 Speaker 1: The Hungarian government has said that the company registered in 74 00:04:25,200 --> 00:04:30,159 Speaker 1: Hungary had no manufacturing facility, So that question becomes was 75 00:04:30,160 --> 00:04:32,680 Speaker 1: it actually manufactured in Israel all along? 76 00:04:33,320 --> 00:04:36,640 Speaker 2: It could be months or even years before we understand 77 00:04:36,720 --> 00:04:40,640 Speaker 2: how exactly these pagers were tampered with. But Katrina says 78 00:04:40,839 --> 00:04:44,200 Speaker 2: this challenge in identifying each link in a supply chain 79 00:04:44,360 --> 00:04:47,200 Speaker 2: is part of a larger problem, and it goes beyond 80 00:04:47,560 --> 00:04:48,400 Speaker 2: just this incident. 81 00:04:49,080 --> 00:04:52,279 Speaker 1: And you can try and deconstruct even something for the military, 82 00:04:52,279 --> 00:04:54,479 Speaker 1: which you would imagine would be the most checked thing. 83 00:04:55,120 --> 00:04:58,120 Speaker 1: There's a supplier who has the contract that's a subcontractor, 84 00:04:58,120 --> 00:05:01,560 Speaker 1: that's a subcontractor, and some where down that line, it's 85 00:05:01,600 --> 00:05:03,880 Speaker 1: been explained to me, is the mom and pop shop, 86 00:05:04,240 --> 00:05:08,120 Speaker 1: and where are they located? Does the ultimate contractor that's 87 00:05:08,120 --> 00:05:10,039 Speaker 1: selling into the Pentagon actually know? 88 00:05:10,760 --> 00:05:14,440 Speaker 2: Naturally, having several companies involved in making these goods can 89 00:05:14,560 --> 00:05:18,640 Speaker 2: introduce major security threats, and these kinds of supply chain 90 00:05:18,680 --> 00:05:21,360 Speaker 2: threats are something that officials have been watching for a 91 00:05:21,360 --> 00:05:22,919 Speaker 2: while now, as. 92 00:05:22,800 --> 00:05:27,280 Speaker 1: People have scrambled to understand the nature of supply chain attacks, 93 00:05:27,640 --> 00:05:30,720 Speaker 1: which this one surely is. I think one question has 94 00:05:30,760 --> 00:05:34,520 Speaker 1: been is this a new weapon of war? What I've 95 00:05:34,640 --> 00:05:40,600 Speaker 1: learned is that it is not. A senior former intelligence 96 00:05:40,640 --> 00:05:44,080 Speaker 1: official on the US side told me. In fact, supply 97 00:05:44,200 --> 00:05:48,520 Speaker 1: chain attacks are ongoing. This is not something new. What 98 00:05:48,720 --> 00:05:52,400 Speaker 1: is new is the scale, the targeted nature, although of 99 00:05:52,440 --> 00:05:56,960 Speaker 1: course there's significant collateral damage. Children were killed, and also 100 00:05:57,080 --> 00:06:00,520 Speaker 1: the fact that it happened so publicly, and of course 101 00:06:00,520 --> 00:06:02,360 Speaker 1: the fact that they were able to pull it off. 102 00:06:04,640 --> 00:06:07,599 Speaker 2: Reports suggests that it was a text message that triggered 103 00:06:07,640 --> 00:06:11,359 Speaker 2: the explosions in thousands of pages and walkie talkies around Lebanon. 104 00:06:11,839 --> 00:06:15,840 Speaker 1: One key question is the actual message that delivered to 105 00:06:15,960 --> 00:06:20,600 Speaker 1: the pages. Did that carry coded malware, some kind of 106 00:06:20,720 --> 00:06:25,560 Speaker 1: payload that triggered the explosives inside the pages to go off. 107 00:06:26,120 --> 00:06:29,880 Speaker 1: Or did the message just mean that operatives took their 108 00:06:29,920 --> 00:06:33,560 Speaker 1: pages out and was there a separate vulnerability in the 109 00:06:33,600 --> 00:06:40,040 Speaker 1: pages that was remote detonated a simultaneous attack. It probably, 110 00:06:40,160 --> 00:06:44,280 Speaker 1: we think at this stage, uses both cyber and hardware, 111 00:06:44,279 --> 00:06:48,159 Speaker 1: software and hardware combined. I think the combination of this 112 00:06:48,400 --> 00:06:52,240 Speaker 1: is very interesting. We all know now about cyber attacks 113 00:06:52,279 --> 00:06:57,039 Speaker 1: disrupting access to your computer, your data, your files. Here 114 00:06:57,240 --> 00:07:00,240 Speaker 1: it does something much more dangerous and clearly deadly. It 115 00:07:00,520 --> 00:07:04,480 Speaker 1: uses something digital to create a real world effect. Well 116 00:07:04,480 --> 00:07:07,279 Speaker 1: that is jargon for it has killed people. 117 00:07:07,720 --> 00:07:11,760 Speaker 2: Katrina says that combination of both software and hardware is 118 00:07:11,840 --> 00:07:14,120 Speaker 2: part of the reason why this attack is such a 119 00:07:14,160 --> 00:07:19,560 Speaker 2: watershed moment for people concerned about supply chain vulnerabilities, national security, 120 00:07:20,320 --> 00:07:23,040 Speaker 2: and for people on the ground in the Middle East. 121 00:07:23,840 --> 00:07:29,680 Speaker 1: Interceptions playing around with technology to mess things up. That 122 00:07:29,840 --> 00:07:34,160 Speaker 1: is not new and now, of course are explosions, but 123 00:07:34,280 --> 00:07:38,280 Speaker 1: this is a horror show of three thousand explosions at once. 124 00:07:38,720 --> 00:07:41,720 Speaker 1: The Israelis have shown that they could find a way 125 00:07:41,880 --> 00:07:46,400 Speaker 1: into the pockets of Hesbella operatives on a scale that, 126 00:07:46,480 --> 00:07:51,200 Speaker 1: of course, will leave lasting psychological impact on Hesbelah. 127 00:07:50,880 --> 00:07:53,800 Speaker 2: Well, how has it impacted Lemanon and what has that 128 00:07:53,880 --> 00:07:57,720 Speaker 2: collateral damage been even in the days after the attack. 129 00:07:57,960 --> 00:08:01,360 Speaker 1: Well, first of all, you've got children dying, You've got 130 00:08:01,880 --> 00:08:06,840 Speaker 1: pages going off in grocery markets, in cars, everyone's attention 131 00:08:07,520 --> 00:08:10,720 Speaker 1: was on this page. For that item of low tech 132 00:08:10,760 --> 00:08:15,680 Speaker 1: communication to be the thing that exploded is very psychologically 133 00:08:15,760 --> 00:08:20,000 Speaker 1: damaging and operationally damaging, logistically damaging, and of course it 134 00:08:20,040 --> 00:08:24,040 Speaker 1: creates questions of what can I touch next? What else 135 00:08:24,200 --> 00:08:25,000 Speaker 1: could go wrong? 136 00:08:29,600 --> 00:08:32,640 Speaker 2: So what else could go wrong, not just in the 137 00:08:32,679 --> 00:08:35,960 Speaker 2: Middle East, but in devices all over the world, And 138 00:08:36,000 --> 00:08:39,079 Speaker 2: what are governments doing to prevent these kinds of attacks? 139 00:08:39,640 --> 00:08:49,760 Speaker 2: That's after the break The attacks in Lebanon were a public, 140 00:08:50,040 --> 00:08:54,880 Speaker 2: tangible example of supply chain vulnerabilities being exploited, and Bloomberg 141 00:08:54,920 --> 00:08:58,280 Speaker 2: defense reporter Peter Martin told me they were a major 142 00:08:58,400 --> 00:09:00,400 Speaker 2: warning for people around the world. 143 00:09:00,600 --> 00:09:03,000 Speaker 3: I think it's a moment of reckoning for a lot 144 00:09:03,040 --> 00:09:07,000 Speaker 3: of global policymakers. The US and China have been thinking 145 00:09:07,000 --> 00:09:11,040 Speaker 3: for years about how they're diversified supply chains could be 146 00:09:11,120 --> 00:09:13,280 Speaker 3: impacted by their interdependence. 147 00:09:13,760 --> 00:09:17,840 Speaker 2: Of course, it's easier said than done to unravel that interdependence, 148 00:09:18,200 --> 00:09:20,920 Speaker 2: in part because it's hard to know exactly what products 149 00:09:21,280 --> 00:09:24,439 Speaker 2: and what components of those products could be compromised. 150 00:09:24,760 --> 00:09:27,640 Speaker 3: In the past, when I've spoken to Pentagon officials, I've 151 00:09:27,640 --> 00:09:29,520 Speaker 3: heard that in some of the US's kind of top 152 00:09:29,520 --> 00:09:32,760 Speaker 3: ticket items, the US military has no idea how many 153 00:09:32,800 --> 00:09:35,560 Speaker 3: Chinese components there are. They're working hard to figure it out, 154 00:09:35,800 --> 00:09:39,120 Speaker 3: but we're talking about incredibly complex pieces of machinery that 155 00:09:39,160 --> 00:09:43,280 Speaker 3: involve everything from nuts and bolts to the latest semiconductors, 156 00:09:43,760 --> 00:09:47,360 Speaker 3: and the attempt to unravel that is really complicated and 157 00:09:47,440 --> 00:09:48,239 Speaker 3: really expensive. 158 00:09:48,520 --> 00:09:53,000 Speaker 2: How can countries like the US disentangle themselves from other 159 00:09:53,040 --> 00:09:55,640 Speaker 2: countries when it comes to the manufacturing process. 160 00:09:55,480 --> 00:09:57,960 Speaker 3: I think it's really a question of de risking. The 161 00:09:58,040 --> 00:10:00,679 Speaker 3: idea that any country could produce every thing it needed 162 00:10:00,720 --> 00:10:03,640 Speaker 3: on its own is not really realistic. It would just 163 00:10:03,679 --> 00:10:06,920 Speaker 3: be too expensive and too difficult to do it. The 164 00:10:06,960 --> 00:10:09,080 Speaker 3: way that the US has tried to get at it 165 00:10:09,120 --> 00:10:12,840 Speaker 3: in recent years is through this concept of friendshuring, so 166 00:10:12,960 --> 00:10:17,400 Speaker 3: making sure that US supply chains for national security equipment, 167 00:10:17,800 --> 00:10:21,840 Speaker 3: for example, run through friendly countries like say Japan, the 168 00:10:21,960 --> 00:10:25,880 Speaker 3: United Kingdom, NATO members, so not trying to do everything 169 00:10:25,920 --> 00:10:28,440 Speaker 3: at home, but trying to make sure that they're at 170 00:10:28,520 --> 00:10:31,920 Speaker 3: least produced by countries that are friendly to US interests. 171 00:10:32,280 --> 00:10:37,000 Speaker 2: Cybersecurity reporter Katrina Manson says the US government is particularly 172 00:10:37,040 --> 00:10:42,280 Speaker 2: concerned about relying on Chinese telecommunications equipment from companies like Huawei, 173 00:10:42,320 --> 00:10:43,640 Speaker 2: which it is deemed a threat. 174 00:10:44,160 --> 00:10:46,480 Speaker 1: They've come up with a policy called rip and replace. 175 00:10:46,559 --> 00:10:50,040 Speaker 1: That's the idea that every single component potentially could be 176 00:10:50,080 --> 00:10:51,959 Speaker 1: at risk, and the US is really trying to get 177 00:10:52,040 --> 00:10:53,720 Speaker 1: Huawei out of its supply chain. 178 00:10:53,960 --> 00:10:56,440 Speaker 2: There's also an effort to push for what's called a 179 00:10:56,520 --> 00:10:58,480 Speaker 2: bill of materials. 180 00:10:58,080 --> 00:11:02,640 Speaker 1: Where the providers are sent actually certify, yes, we can 181 00:11:02,679 --> 00:11:05,840 Speaker 1: tell you exactly who has put ingredients into our cake, 182 00:11:06,000 --> 00:11:09,760 Speaker 1: our technological cake, and we can say we are confident 183 00:11:10,040 --> 00:11:13,520 Speaker 1: that they're okay. Now, that's actually a really hard question 184 00:11:13,640 --> 00:11:14,199 Speaker 1: to answer. 185 00:11:14,600 --> 00:11:17,800 Speaker 2: Now. All these efforts are not necessarily because the US 186 00:11:17,880 --> 00:11:20,240 Speaker 2: is worried that a bunch of iPhones are suddenly going 187 00:11:20,280 --> 00:11:23,280 Speaker 2: to explode in the way that Pagris did across Lebanon. 188 00:11:24,400 --> 00:11:26,280 Speaker 1: What's been put to me is that this is a 189 00:11:26,320 --> 00:11:29,080 Speaker 1: specific kind of attack that is not likely to be 190 00:11:29,160 --> 00:11:32,199 Speaker 1: repeated many times. It's taken years and years and years 191 00:11:32,240 --> 00:11:36,320 Speaker 1: to develop. It's specific to the kind of risk that 192 00:11:36,360 --> 00:11:39,680 Speaker 1: the Israelis are prepared to take on and the logistics 193 00:11:39,679 --> 00:11:43,160 Speaker 1: that they're able to devote. And the phrase goes, you 194 00:11:43,320 --> 00:11:46,160 Speaker 1: use it, you lose it. So now that it's happened 195 00:11:46,200 --> 00:11:48,960 Speaker 1: and the whole world has seen, the operation is a bust. 196 00:11:49,320 --> 00:11:51,240 Speaker 1: I think the idea that members of the public will 197 00:11:51,240 --> 00:11:53,120 Speaker 1: find that their phones are going to explode on them 198 00:11:53,240 --> 00:11:56,880 Speaker 1: is extremely unlikely. What it does show, I think for 199 00:11:57,200 --> 00:12:02,199 Speaker 1: the public is that devices have vulnerability tees. Nefarious acts 200 00:12:02,240 --> 00:12:07,520 Speaker 1: can occur should anyone have the intent on a number 201 00:12:07,559 --> 00:12:09,640 Speaker 1: of devices that are connected to you and your home. 202 00:12:10,160 --> 00:12:12,599 Speaker 1: I was at a conference the other day where Ambassador 203 00:12:12,720 --> 00:12:16,480 Speaker 1: Nate Fick, he's the cyber envoid for State Department, and 204 00:12:16,559 --> 00:12:19,560 Speaker 1: he said, I was making a house with my wife 205 00:12:19,840 --> 00:12:23,800 Speaker 1: ten years back, and the contractors came to me and said, 206 00:12:24,080 --> 00:12:28,760 Speaker 1: this is the least connected house we've ever come across 207 00:12:28,800 --> 00:12:34,280 Speaker 1: designs for He's made sure to exclude digitally connected devices 208 00:12:34,320 --> 00:12:37,240 Speaker 1: from his home. That says something I think so, And 209 00:12:37,320 --> 00:12:40,040 Speaker 1: of course we're all being surveiled now. Your phone is 210 00:12:40,240 --> 00:12:42,720 Speaker 1: the most dangerous weapon ever to be invented. I've had 211 00:12:42,840 --> 00:12:46,160 Speaker 1: numerous US officials say that, and there's a real sense 212 00:12:46,200 --> 00:12:50,520 Speaker 1: that people still don't understand that danger or have become 213 00:12:50,600 --> 00:12:51,480 Speaker 1: comfortable with it. 214 00:12:51,800 --> 00:12:54,360 Speaker 2: The US and other governments are trying to stay on 215 00:12:54,400 --> 00:12:58,360 Speaker 2: top of these supply chain threats with regulation. Congress has 216 00:12:58,400 --> 00:13:01,240 Speaker 2: tried to ban TikTok in an effort to protect US 217 00:13:01,240 --> 00:13:05,320 Speaker 2: consumer data, and just today the Biden administration proposed a 218 00:13:05,360 --> 00:13:09,000 Speaker 2: ban on hardware and software for connected cars coming from 219 00:13:09,080 --> 00:13:13,120 Speaker 2: China or Russia. But Peter Martin told me he thinks 220 00:13:13,160 --> 00:13:17,240 Speaker 2: it's impossible to secure supply chains across the board. At 221 00:13:17,240 --> 00:13:20,040 Speaker 2: the end of the day, you've got to prioritize. 222 00:13:20,200 --> 00:13:23,880 Speaker 3: It's really a question of thinking about what degree of 223 00:13:24,040 --> 00:13:27,760 Speaker 3: risk is acceptable for which technology. So in the case 224 00:13:27,760 --> 00:13:31,960 Speaker 3: of a fighter jet, for example, highly sophisticated piece of equipment, 225 00:13:32,440 --> 00:13:38,040 Speaker 3: very expensive, involves the life of the pilot and missions 226 00:13:38,040 --> 00:13:41,079 Speaker 3: that are critical to US national security, the US is 227 00:13:41,120 --> 00:13:43,920 Speaker 3: going to want to have as much control over that 228 00:13:43,960 --> 00:13:48,480 Speaker 3: supply chain as possible. When it comes to personal electronics, 229 00:13:48,600 --> 00:13:51,680 Speaker 3: the threshold is going to be much lower, although, of course, 230 00:13:51,720 --> 00:13:54,840 Speaker 3: events in Lebanon showed that just because an item is mundane, 231 00:13:54,880 --> 00:13:55,959 Speaker 3: it doesn't mean that it's safe. 232 00:13:59,360 --> 00:14:02,440 Speaker 2: This is The Big Take from Bloomberg News. I'm Sarah Holder. 233 00:14:02,720 --> 00:14:05,640 Speaker 2: This episode was produced by Julia Press. It was edited 234 00:14:05,679 --> 00:14:09,160 Speaker 2: by Caitlin Kenny, Dan Flatley, and Andrew Martin. It was 235 00:14:09,200 --> 00:14:12,760 Speaker 2: mixed by Alexander Sugura. It was fact checked by Adrianna Tapia. 236 00:14:13,240 --> 00:14:16,240 Speaker 2: Our senior producer is Naomi Shaven. Our senior editor is 237 00:14:16,280 --> 00:14:20,640 Speaker 2: Elizabeth Ponso. Our executive producer is Nicole Beamster. War Stage 238 00:14:20,680 --> 00:14:24,360 Speaker 2: Bauman is Bloomberg's head of Podcasts. If you liked this episode, 239 00:14:24,480 --> 00:14:27,360 Speaker 2: make sure to subscribe and review The Big Take wherever 240 00:14:27,400 --> 00:14:30,160 Speaker 2: you listen to podcasts. It helps people find the show. 241 00:14:30,960 --> 00:14:33,520 Speaker 2: Thanks for listening. We'll be back tomorrow