M&A activity is down, as is private equity investment, and companies are facing a range of new geopolitical tensions. Still, there is a path to growth through M&A for those companies that maintain an active acquisition strategy, understand their capabilities, and avoid certain assets, says McKinsey Senior Partner Jake Henry. On this episode of The McKinsey Podcast, he and McKinsey Senior Partner Mieke Van Oostende join McKinsey Editorial Director Roberta Fusaro to discuss findings from McKinsey’s 2025 M&A report. They also discuss the importance of culture in M&A integrations.

In our second segment, McKinsey Senior Partner Dana Maor shares how CEOs can and should stay connected to their teams.

Articles mentioned:

The cost of compute: A $7 trillion race to scale data centers

In a moment of tariffs, can the world find balance and trust to thrive?

Theme music composed, performed, and produced by Joy Ngiaw

See www.mckinsey.com/privacy-policy for privacy information

People are asked to update the operating systems on their phones all the time. What if leaders applied that same kind of polishing and bug fixing to themselves? McKinsey research shows that executives who periodically review and revise their priorities, roles, time, and energy tend to be more productive, work more consciously, and drive change more effectively. In this episode of The McKinsey Podcast, Senior Partner Arne Gast joins McKinsey Editorial Director Roberta Fusaro to discuss how leaders can tune up their own personal operating models.

Articles mentioned:

America at 250

In a moment of tariffs, can the world find balance and trust to thrive?

Theme music composed, performed, and produced by Joy Ngiaw

See www.mckinsey.com/privacy-policy for privacy information

Quantum computing has long been technology’s white whale. But in recent months, new developments suggest practical applications for this elusive technology could finally be within reach. “Quantum has been five to ten years away from fruition for many, many decades,” says McKinsey Partner Michael Bogobowicz. “Now it feels three to five years away.” In this episode of The McKinsey Podcast, Bogobowicz joins McKinsey Global Editorial Director Lucia Rahilly to discuss how quantum differs from conventional computing, what its potential use cases are likely to be, and how to prepare for the highs and lows of a world that could move exponentially faster than it does today.

In our second segment we ask, what’s the most important factor in having a successful transformation? McKinsey Senior Partner Michael Bucy says it’s the CEO.

Articles mentioned:

Navigating tariffs with a geopolitical nerve center

The Global Trade Explorer

Theme music composed, performed, and produced by Joy Ngiaw

See www.mckinsey.com/privacy-policy for privacy information

One thing is clear for the fashion industry in 2025. Due to climate change, global trade uncertainties, and consumers focused on value, growth is expected to be slow. However, despite the negative environment, McKinsey Senior Partner, Gemma D’Auria says there are opportunities to mine. On this episode of The McKinsey Podcast, she speaks with Global Editorial Director Lucia Rahilly about our latest state of fashion research and how brands can navigate the challenges.

Theme music is composed, performed, and produced by Joy Ngiaw.

See www.mckinsey.com/privacy-policy for privacy information

Career advancement is tough for everyone—but for women, it can feel particularly elusive. There’s a reason for that, according to the new book The Broken Rung: for every 100 men promoted early in their careers, only 81 women experience that same opportunity. On this episode of The McKinsey Podcast, the book’s authors, McKinsey Senior Partners Kweilin Ellingrud, Lareina Yee, and María del Mar Martínez, join McKinsey Global Editorial Director Lucia Rahilly to discuss the challenges that can limit professional women’s progress—as well as the approaches some have used to find their footing and continue to climb the career ladder successfully.

*****

What's new on McKinsey.com?

Beyond the start-up phase: Recipes for growth at mobility companies

European automotive industry: What it takes to regain competitive

Theme music is composed, performed, and produced by Joy Ngiaw.

See www.mckinsey.com/privacy-policy for privacy information

Gen AI is evolving fast—but employee adoption is slow for most companies. On this episode of The McKinsey Podcast, we feature an episode of our technology podcast, At the Edge. Tech visionaries Navin Chaddha, managing partner at Mayfield Fund; Kiran Prasad, McKinsey senior adviser and CEO and cofounder of Big Basin Labs; and Naba Banerjee, McKinsey senior adviser and former director of trust and operations at Airbnb, join guest host and McKinsey Senior Partner Brian Gregg. They unpack the technical, cultural, and organizational challenges companies face—and what leaders can do to realize gen AI’s full potential while managing its risks.

Theme music composed, performed, and produced by Joy Ngiaw.

See www.mckinsey.com/privacy-policy for privacy information

Companies are getting practical about how to create value from gen AI – while 5G, satellites, and innovations in phone design also take center stage.

This is a special, bonus episode of The McKinsey Podcast. McKinsey Partner Ferry Grijpink joined McKinsey Editorial Director Roberta Fusaro to share some immediate takeaways from the annual Mobile World Congress event in Barcelona.

Theme music composed, performed, and produced by Joy Ngiaw.

See www.mckinsey.com/privacy-policy for privacy information

Banking has had a couple of very good years—the best, in fact, since the global financial crisis of 2007–09. Yet to some, the industry’s outlook seems less buoyant than recent profitability might suggest. On this episode of The McKinsey Podcast, McKinsey Senior Partners Klaus Dallerup and Pradip Patiath speak with McKinsey Global Editorial Director Lucia Rahilly about McKinsey’s latest global banking annual review, breaking down the sources of skepticism, the risks and opportunities of a changing landscape, and lessons leaders can take from banks that have consistently outperformed over the past decade.

Articles mentioned:

M&A Annual Report: Is the wave finally arriving?

Investing in housing: Unlocking economic mobility for Black families and all Americans

Theme music composed, performed, and produced by Joy Ngiaw.

See www.mckinsey.com/privacy-policy for privacy information