The G. and R. Loeb Foundation Inc. and UCLA Anderson School of Management announced Thursday the finalists of the 2025 Gerald Loeb Awards for Distinguished Business and Financial Journalism.
The Loeb Awards are considered the highest honor in business journalism in the United States.
The finalists are:
AUDIO
“Odd Lots – Beak Capitalism” – Bloomberg News
Tracy Alloway, Carmen Rodriguez, Joe Weisenthal, Blake Maples, Dashiell Bennett, Cale Brooks, Brendan Newnam and Sage Bauman
“What Happened in Alabama? The $300 Billion Disinheritance” – Lee Hawkins and APM Studios/American Public Media
Lee Hawkins, Joanne Griffith, Erica Krause, Kyana Moghadam, Marcel Malekebu, Martina Abrahams-Illunga and Jessica Kariisa
“Into America: Uncounted Millions” – MSNBC
Trymaine Lee, Aisha Turner, Max Jacobs and Janmaris Perez
“Zombie Mortgages Threaten Thousands of Americans’ Homes” – NPR
Chris Arnold, Robert Smith, Robert Little, Jess Jiang, Sam Yellowhorse Kesler, Robert Benincasa, Nick McMillan and Alex Goldmark
BEAT REPORTING
“Steward Health Care’s Downfall and Impact” – The Boston Globe and The Organized Crime and Corruption Reporting Project
Staff of The Boston Globe
“The Murdoch Family Battle” – The New York Times
Jim Rutenberg and Jonathan Mahler
“Blowout/Fallout” – The Seattle Times
Dominic Gates, Lauren Rosenblatt, Paige Cornwell and Patrick Malone
“Health Care’s Colossus” – STAT
Bob Herman, Casey Ross, Tara Bannow and Lizzy Lawrence
BREAKING NEWS
“The CEO Killing That Shocked the World” – Bloomberg News
Myles Miller, John Tozzi, Antonia Mufarech, David Voreacos, Cynthia Koons, Robert Langreth, Matthew Boyle, Riley Griffin, Michelle Fay Cortez, Shelly Banjo and Katia Porzecanski
“The CrowdStrike Update That Crashed Computers — and Businesses — around the World” – Bloomberg News
Amy Thomson, Jordan Robertson, Ryan Gallagher, Shona Ghosh, Vlad Savov, Evan Gorelick, Ashleigh Furlong, Ike Swetlitz and Fiona Rutherford
“Inside the Alaska Airlines Blowout: ‘Is It OK if I Hold Your Hand?'” – The Wall Street Journal
Alison Sider, Patience Haggin, Allison Pohle, Sharon Terlep, Nancy Keates, Benjamin Katz and Andrew Tangel
COMMENTARY
“The Trump Trade” – Barron’s
Matt Peterson
“Buying Power” – Bloomberg Businessweek
Amanda Mull
“Kevin Roose on A.I.” – The New York Times
Kevin Roose
“Adam Feuerstein: Truth-Teller on the Biotech Industry” – STAT
Adam Feuerstein
EXPLANATORY
“Prison to Plate” – The Associated Press
Margie Mason and Robin McDowell
“The New Immigration” – ProPublica
Nicole Foy, Mariam Elba, Eli Hager, Seth Freed Wessler and Zaydee Sanchez
“‘Sustainable’ Logging Operations Are Clear-Cutting Canadian Forests” – Reuters
Chris Kirkham, Grant Smith and Jessica DiNapoli
“The War on Recovery” – STAT
Lev Facher
FEATURE
“The Egg” – Bloomberg Businessweek
Natalie Obiko Pearson, Jessica Brice, Susan Berfield, Vernon Silver, Kanoko Matsuyama, Cindy Wang, Sinduja Rangarajan and Fani Nikiforaki
“Unsafe Online” – Bloomberg Businessweek
Olivia Carville and Cecilia Anastasio
“Silicon Valley’s Influence Game” – The New Yorker
Charles Duhigg
INTERNATIONAL
“Cashing Out” – Inside Climate News
Katie Surma and Nicholas Kusnetz
“The Brutality of Sugar: Debt, Child Marriage and Hysterectomies” – The New York Times and The Fuller Project
Megha Rajagopalan and Qadri Inzamam
“The Money War” – The Washington Post
Staff of The Washington Post
INVESTIGATIVE
“Fentanyl Express” – Reuters
Staff of Reuters
“Medicare Inc.: How Giant Insurers Make Billions Off Seniors” – The Wall Street Journal
Christopher Weaver, Tom McGinty, Anna Wilde Mathews, Mark Maremont and Andrew Mollica
“Musk Above the Law” – The Wall Street Journal
Staff of The Wall Street Journal
LOCAL
“How Uber and Lyft Used a Loophole to Deny NYC Drivers Millions in Pay” – Bloomberg News
Natalie Lung, Leon Yin, Aaron Gordon, Denise Lu and Evan Gorelick
“Steward Health Care investigation” – The Boston Globe and The Organized Crime and Corruption Reporting Project
Staff of The Boston Globe
“KARE 11 Investigates: Recovery Inc.” – KARE 11-TV
A.J. Lagoe, Steve Eckert, Gary Knox, Brandon Stahl and Kelly Dietz
PERSONAL FINANCE & CONSUMER REPORTING
“Dirty Weed” – Los Angeles Times
Paige St. John, Adam Elmahrek, Alex Halperin, Sean Greene and Lorena Iñiguez Elebee
“‘Sale-leasebacks’ Offer to Help Homeowners Needing Cash” – NPR
Caitlin Thompson, Monika Evstatieva, Robert Little and Barrie Hardymon
“How Lincare Became a Multibillion-Dollar Medicare Scofflaw” – ProPublica
Peter Elkind and Doris Burke
“Scammed” – The Washington Post
Michelle Singletary
VIDEO
“Satellite Images Track Four Gaza Businesses Upended by War” – Business Insider
Reem Makhoul, Matilda Hay, Yasser Abu Wazna, Clancy Morgan, Amelia Kosciulek, Liz Kraker, Dorian Barranco, Marisa Frey, Mark Abadi, Robert Leslie, Barbara Corbellini Duarte and Erica Berenstein
“Social Security’s Secret” – Cox Media Group and KFF Health News
Jodie Fleischer, Josh Wade, Amy Hudak, John Bedell, Justin Gray, Leah Dunn, Samantha Manning, David Hilzenrath, Fred Clasen-Kelly, Ben Becker, Jesse Jones, Shannon Butler, Christine Swartz, Alex Fruin and Ted Daniel
“Ozempic Underworld: The Black Market of Obesity Drugs” – CNBC
Scott Zamost, Melissa Lee, Eunice Yoon, David Lettieri and Charlie Roth
VISUAL STORYTELLING
“AI Data Centers Wreak Havoc on Energy Grids and Power Quality” – Bloomberg News
Leonardo Nicoletti, Josh Saul, Naureen Malik, Andre Tartar, Saritha Rai, Dina Bass, Ian King, Jennifer Duggan, Seth Fiegerman, Chloe Whiteaker and Millie Munshi
“The Clandestine Oil Shipping Hub Funneling Iranian Crude to China“ – Bloomberg News
Serene Cheong, Clara Ferreira Marques, Weilun Soon, Krishna Karra, Yasufumi Saito, James Rattee, Tom Gibson, Emily Cadman and Jane Pong
“Bedtime Stories of Hong Kong’s Helpers” – South China Morning Post Publishers Ltd.
David Surya
Final judges elected not to announce finalists in the Interview category this year.
The winners will be revealed live at the Loeb Awards banquet and celebration on Thursday, Oct. 9, 2025, at the Rainbow Room in New York City, a signature event that honors excellence in business journalism and provides critical support for the Loeb Foundation’s nonprofit mission.
