Access and Opportunity

We’re wrapping up the year hard at work with big plans for 2025. New focus, new guests, new conversations. Thank you for your patience as we are reimagining.In the meantime, we’re continuing to bring you the “Best of” Access & Opportunity by revisiting my 2021 conversation with NBA champion turned investor, Andre Iguodala.Andre isn’t just a four-time NBA champ and Finals MVP—he’s the master of the pivot, a key playbook for Access & Opportunity. While cementing his legacy on the court, Andre began making moves to achieve success off the court, too. In 2010, he ventured into investing, funding companies you know today, like Zoom and Allbirds. In 2021, he doubled down. He started investing in underfunded tech founders as a partner at the Catalyst Fund. Last year, Andre announced his retirement from the league. But, if his hustle is any indication, he won’t be slowing down anytime soon. Today, he continues to put capital into the hands of overlooked entrepreneurs through MOSAIC, a $200 million early-stage venture capital firm he co-founded. In this episode, Andre lays out his playbook for building a lasting legacy: by betting on the right people, staying curious, and using every opportunity to open doors for others. It’s a masterclass in making your mark.The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.Apple®, the Apple logo, iPhone®, iPad®, and iPad Air® are trademarks of Apple Inc., registered in the US and other countries. Apple Pay® and iPad mini® are trademarks of Apple Inc. App Store® is a service mark of Apple Inc.© 2024 Morgan Stanley, All Rights Reserved. CRC 4093280, 12/2024

A whole new vision for Access and Opportunity is coming your way soon. Thank you for your patience and grace. It’s incredibly exciting to reimagine a show six years in the making. Today, we’re continuing to bring you the “Best of” Access & Opportunity by revisiting one of our favorite conversations, with Nely Galán. Nely embodies the ethos of Access & Opportunity. She’s a savvy woman of color in business who’s written her own story by betting on herself time and again — starting as an Avon saleswoman at just 13 years old, and culminating with becoming the first-ever Latina President of Entertainment for a U.S. television network. As a titan in media, Nely’s own journey is made for TV. It’s a story full of grit, twists and turns, and lessons learned. And by no means is it done. Today, Nely’s life continues to be too full to fit into a single title. She’s an Emmy award-winning producer, a mother, an entrepreneur, a media mogul and a real estate powerhouse and, Carla's personal favorite — a mentor.Disclaimers (for web page and RSS feed)The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.Apple®, the Apple logo, iPhone®, iPad®, and iPad Air® are trademarks of Apple Inc., registered in the US and other countries. Apple Pay® and iPad mini® are trademarks of Apple Inc. App Store® is a service mark of Apple Inc.© 2024 Morgan Stanley, All Rights Reserved. CRC 4049269, 11/2024

We here at Access and Opportunity are hard at work on the next iteration of this show. There will be a lot that’s new, but the heart of the show will always be uplifting the voices and work of those pushing a path forward towards a more equitable future. So today, we’re revisiting our 2021 conversation with educator Betsy Mayotte to discuss how having the right information at the right time can make navigating the student financing industry more manageable.But first we'll hear from Farrukh Siddiqui, an entrepreneur whose company uses income share agreements, or ISAs, to help student borrowers get out of debt. Come on and join us for the ride.DisclaimersThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.Apple®, the Apple logo, iPhone®, iPad®, and iPad Air® are trademarks of Apple Inc., registered in the US and other countries. Apple Pay® and iPad mini® are trademarks of Apple Inc. App Store® is a service mark of Apple Inc.© 2024 Morgan Stanley & Co. LLC, Member SIPC. All rights reserved. CRC 3906185 10/2024

We here at Access and Opportunity are hard at work on the next iteration of this show. There will be a lot that’s new, but the heart of the show will always be uplifting the voices and work of those pushing a path forward towards a more equitable future. So today, we’re revisiting Carla's 2022 conversation with Kara Nortman, a venture capitalist who started a National Women's Soccer League team, to make a playbook for all women’s sports leagues to win by. But first we'll hear from WNBA star Nneka Ogwumike, President of the Women’s National Basketball Players Association. Nneka will give us context to the WNBA’s ongoing and active discussions around pay. Then, we’ll turn to Carla's conversation with Kara for her playbook to build thriving women’s sports leagues — and the resources and capital required to make lasting change. Come on and join us for the ride.DisclaimersThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.Apple®, the Apple logo, iPhone®, iPad®, and iPad Air® are trademarks of Apple Inc., registered in the US and other countries. Apple Pay® and iPad mini® are trademarks of Apple Inc. App Store® is a service mark of Apple Inc.© 2024 Morgan Stanley & Co. LLC, Member SIPC. All rights reserved. CRC 3906185 10/2024

We are hard at work on the next iteration of the podcast, which is a great time to revisit a foundational playbook point for Access & Opportunity: the power of mentorship. On this 2021 episode, we’re talking about the importance of reaching back to help others on their business journey and how alternative sources of investment can help women of color take their companies to the next level. We hear from Maya Penn, founder and CEO of Maya’s Ideas, a slow fashion brand she started at just eight years old. She shares what she's learned about raising funds as a young, black, female entrepreneur, and the help she’s received along the way. Then, host Carla Harris sits down with Maya’s mentor, Phyllis Newhouse, to hear about her role as the first Black female CEO of a special purpose acquisition company, or SPAC, alongside fintech founder and venture capitalist Isabelle Freidheim. We talk about how alternative investment can help bolster women of color owned companies. Come on and join us for the ride.https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunityDisclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.Apple®, the Apple logo, iPhone®, iPad®, and iPad Air® are trademarks of Apple Inc., registered in the US and other countries. Apple Pay® and iPad mini® are trademarks of Apple Inc. App Store® is a service mark of Apple Inc. © 2024 Morgan Stanley & Co. LLC, Member SIPC. All rights reserved.CRC 3859285 09/2024

Latino Americans’ purchasing power hit $3.4 trillion in 2021, according to a report from the Latino Donor Collaborative, and is expected to account for over one-third of growth in apparel spending in the next five years, according to the 2021 Claritas Hispanic Market Report. With Nielsen noting that women are largely in control of household spending in this demographic, designers and retailers are working to make their sectors more inclusive to Latinas as consumers. But it’s a tough hill to climb given they remain underrepresented in leadership roles in both fashion and retail, with Women’s Wear Daily calling out our guest, Sandra Campos, as one of the only Latina CEOs in global fashion during her tenure at Diane von Furstenberg.On this episode, we hear from Sonia Smith Kang, an AfroLatina mother who left a career in nursing to start the multicultural children’s clothing line, Mixed Up Clothing, after struggling to find representative clothing for her own kids. Then, Carla speaks to Sandra Campos, a leading Latina voice in retail and the co-founder of Latina Disrupters, an annual networking event for entrepreneurs. They discuss the need to empower Latinas working in retail and fashion so they can take on leadership positions in the space, as well as how US retailers can better serve the rapidly growing Latino population.https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2024 Morgan Stanley & Co. LLC, Members SIPC.

Rates of depression, anxiety and suicidal ideation among college students are at an all-time high. And while students of all backgrounds face similar levels of mental health challenges, ethnically diverse students are far less likely to seek treatment. That gap is due to factors including lack of access to a diverse selection of counselors; cultural stigmas surrounding mental health; and the cost of care. The need for more robust mental healthcare continues once students transition into the workforce. On this episode, we hear from Diana Chao, a graduate student and the executive director and founder of Letters 2 Strangers, a global, youth-run mental health nonprofit that emerged from Diana’s own battle with mental illness. Then, host Carla Harris sits with Evan Rose, co-founder of The Steve Fund, the leading organization in the U.S. focused on supporting the mental health and emotional wellbeing of young people of color, and a non-profit member of the Morgan Stanley Alliance for Mental Health. They discuss the work that The Steve Fund is doing to offer a roadmap for higher education institutions and companies to create accessible mental healthcare solutions for their students and colleagues, respectively.For more information about the Steve Fund, go to https://stevefund.org. To learn more about Morgan Stanley’s Alliance For Children’s Mental Health, visit https://www.morganstanley.com/about-us/giving-back/alliance-childrens-mental-health. https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2023 Morgan Stanley & Co. LLC, Members SIPC.

With advances in technology, the music industry is changing faster than ever. Streaming services add more than 100,000 new songs every day. In this environment, artists’ ability to market and distribute their own work brings a lot of opportunity. But the influx of new music also means more competition for creatives hoping to break through. Meanwhile, record companies and publishers often control ownership of music rights, meaning that they can profit disproportionately.In this episode, we’ll hear from changemakers who are helping creatives in this evolving landscape take control of their careers and maintain ownership of their rights. First, we hear from Grammy award-winning songwriter Tiffany Red about her fight for fair pay and how it moved her to found The 100 Percenters, an advocacy group for artists experiencing similar challenges. Then, host Carla Harris sits down with UnitedMasters’ Chief Marketing Officer Chaucer Barnes, to discuss some of the ways that inequity persists in the music industry and how UnitedMasters is enabling artists to retain full ownership of their master rights and their earning potential.https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2023 Morgan Stanley & Co. LLC, Members SIPC.

A 2022 analysis issued by consulting firm Oliver Wyman found a shortfall of 8,000 pilots in North America, or 11% of the total workforce. That gap is estimated to grow to nearly 30,000 by the end of the decade. In their pursuits to staff up and meet new hiring goals, there is an opportunity for commercial airlines in the United States to diversify an industry that has a legacy of being overtly white and male by breaking down the barriers to entry. On this episode, we’re exploring how the aviation industry is helping people from as many communities as possible to access roles within the industry. First, we hear from American Airlines pilot Captain Beth Powell about her journey to become one of just a few Black women holding high rank in the cockpit of commercial flights across America. Then, host Carla Harris sits down with Eric Hendrick, Delta Air Lines’ first Director of Pilot Outreach, to discuss the industry-wide endeavor to get more women and people of color involved into piloting. Come on and join us for the ride.https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2023 Morgan Stanley & Co. LLC, Members SIPC.

On this episode, we discuss the lack of representation in the video game industry, from the stories that get told in games to the people who get to make them. While gamers of color are more active than their white counterparts, they still only make up about 13% of the gaming development industry, according to a study by Pew Research. First, we hear from Neil Jones, a Black video game developer who went independent after struggling for years to break into the industry. He shares what inspired him to pursue a career in video game development and the difficulties he and his peers faced looking for employment at traditional gaming studios. He shares how he  created and released his own survival game, Aerial Knight’s Never Yield, to carve his own path in. Then, host Carla Harris sits down with Damon Packwood, co-founder of Gameheads, a video game industry job training non-profit aimed at preparing marginalized students for work in the lucrative video game industry. We discuss how the marginalized youth in his Bay Area community are primed to take advantage of the upcoming demographics shift within the gaming community. Come on and join us for the ride.https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2021 Morgan Stanley & Co. LLC, Members SIPC.

American entrepreneurship had been on a 40-year decline. But 2020 is the year that turned around; entrepreneurship is on the rise once again. According to the U.S. Census Bureau, aspiring entrepreneurs filed paperwork to start 5.4 million new businesses in 2021. This recent surge in entrepreneurship has been disproportionally attributed to women and people of color, so for this special two-part series we’re honing in on an intersection of those two identities: Black women. In the second of our two-part “Black Women Entrepreneurs” series, available in your feed now, we’re broadening the lens to dig into the cultural and business forces behind the rising tide of Black entrepreneurship and the marketplace changes needed to further empower its growth. Carla joins innovative business leader Melissa Bradley in Washington, D.C. to discuss 1863 Ventures, a national business development nonprofit accelerator and venture capital fund for historically underestimated individuals. The organization is on a mission to generate 100 billion dollars of wealth for founders by 2030. Through 1863 Ventures, Melissa is working to create an entrepreneurial ecosystem where Black founders, including the rising tide of Black women business owners, can thrive. Come on and join us for the ride.https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2023 Morgan Stanley & Co. LLC, Members SIPC.

According to a 2021 report in the Harvard Business Review, 17% of Black women are in the process of starting or running new businesses, compared to 10% of white women and 15% of white men. For this special two-part “Black Women Entrepreneurship” series, Access and Opportunity is on the road in Washington D.C. – recently named the best city for Black entrepreneurs to start a business – to hear from the women driving this Black business boom by putting community at the center. On this episode, Carla visits entrepreneur Angel Gregorio at her spice shop turned small business incubator, The Spice Suite. Angel, a former assistant school principal, took the leap into business ownership in 2015 after taking over an open retail space. As Angel became a community fixture, she began letting other Black women use the space for pop-ups to sell their own goods. Soon, a tribe was formed calling themselves the Spice Girls, a community of Black women small business owners who support each other's unique entrepreneurial journeys. We’ll hear from Angel and two of her Spice Girls, Sam Smith and Tiaa Rutherford, about becoming entrepreneurs and how their community has helped them chart paths forward. Come on and join us for the ride.https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunityDisclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2023 Morgan Stanley & Co. LLC, Members SIPC.

An extreme funding gap exists for Black female entrepreneurs who, in 2021, received merely 0.34% of the total venture capital spent in the U.S. in the first half of the year, according to Crunchbase. And while more concerted efforts to diversify capital allocation have come out of these jarring figures, the community of adequately funded Black female founders remains incredibly small.On this episode, we speak with one of the select few Black female founders who got her funding. In 2021, Monique Rodriguez, founder and CEO of Mielle Organics, broke the glass ceiling for Black female founders, inking a nine-figure, non-controlling investment deal with Berkshire Partners. She shares how she turned her passion for women’s health and a nursing background into a global beauty business, and discusses how her atypical path into entrepreneurship became her biggest asset. Then, host Carla Harris sits down with Monique to discuss the obstacles and opportunities that lie ahead for her as a leader at this pivotal juncture of scaling Mielle. And Carla draws upon leadership insights from her latest book, Lead to Win.https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2022 Morgan Stanley & Co. LLC, Members SIPC.

The barriers to entering and staying in the workforce are complex for disabled people, and magnified for disabled people with additional marginalized identities. This results in long term impacts to their household wealth: in the United States, the median net worth among households with adult members with a disability is $33,318 less than the national median, according to a report from Prosperity Now. On this episode, we learn how unemployment drives the disability wealth gap and how advocates and entrepreneurs are working to drive change for the betterment of the disabled community. First we hear from disability scholar and advocate D’Arcee Charington Neal, who draws on his lived experience as a disabled Black person in order to advise companies to reduce ableism and racis in the workplace. Then, host Carla Harris speaks with Inclusively co-founder and CEO, Charlotte Dales, about how their technology is making it easier for companies to hire disabled people.https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2022 Morgan Stanley & Co. LLC, Members SIPC.

A recent survey commissioned by Nova Credit found that nearly half of immigrants said a U.S. credit card is hard to obtain. Without a credit card or any type of credit history to their name, immigrants are likely to find themselves identified as “credit invisible” and unable to establish their financial identities. On this episode, we learn from those with firsthand experience navigating the American credit system as immigrants and how they’re channeling lessons-learned into solutions that are making the pool of creditworthy people more inclusive. Host Carla Harris is in conversation with Wemimo Abbey and Samir Goel, two business partners who were inspired by their own immigrant-centered upbringings to break down the barriers that not having a credit score poses. Through their company Esusu, Wemimo and Samir developed technology that shares monthly rent payments with the three major credit bureaus, expanding the types of reportable data used to help immigrants build their credit score.https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunityDisclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2022 Morgan Stanley & Co. LLC, Members SIPC.

Around the world, over 80 million individuals are displaced according to the UN Refugee Agency, with many forced to flee their homes for prolonged periods of time due to protracted internal crises. While emergency aid may provide for their immediate basic needs, it in no way supports their quality of life nor does it create a pathway to building a future in a foreign country. On this episode, we discuss the unique challenges that exist for founders uprooted from their home countries. First we hear from a displaced entrepreneur in Iraq who shares how he started an agritech business called Green Shovel. Forced to flee his home country due to civil war, he found support for his new entrepreneurial pursuits in Five One Labs, a startup incubator dedicated to supporting displaced individuals with operations in Iraq and now Colombia. Carla sits down with the founders of Five One Labs, Alice Bosley and Patricia Letayf. They discuss the hurdles that exist for refugees looking to start their own business abroad and how supporting their endeavors benefits us all. Through education, access to a local network and grant seed funding, Five One Labs seeks to give displaced persons the tools and on-the-ground support to not only survive, but thrive. https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2022 Morgan Stanley & Co. LLC, Members SIPC.

In May of 2022, the U.S. Soccer Federation agreed to a landmark deal awarding equal pay for the women and men of the US National Soccer teams. On this episode, we look at what this move means for other women’s leagues charting the same course towards equity in pay and beyond. First, we hear from Los Angeles Sparks player Nneka Ogwumike about her path to becoming a decorated player in the WNBA and how she’s using her platform to engage the league in conversations about equity. Nneka also talks about the importance of unifying all women’s sports leagues to collectively push forward progress for all.  Then, host Carla Harris sits down with venture capitalist Kara Nortman, owner of Angel City FC, a women-owned soccer team that is raising the bar for investment across the league. Kara gives insight into the power and potential that she sees in women’s sports through fostering fan loyalty and engaging with the community. https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2022 Morgan Stanley & Co. LLC, Members SIPC.

In America, real estate investment has been the primary way for people to build wealth that they can sustain and pass down to their children. But the vast majority of those who get a piece of the real estate pie are white men. Real estate investment has a long history of systemic inequity due in part to racist lending practices and exclusionary urban planning Despite the challenges, there are BIPOC entrepreneurs working to change the exclusivity of this industry. On this episode, we hear from two individuals working to make real estate investing more accessible. First, we hear from real estate consultant Lisa Phillips about how she turned her initial failure in real estate investing into a successful consulting business helping other Black professionals navigate an industry that kept them out. Then host Carla Harris sits down with Ryan Williams, Founder and Executive Chairman of Cadre. Ryan discusses what inspired him to create the fintech platform and how it aims to democratize real estate investment.https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2022 Morgan Stanley & Co. LLC, Members SIPC.

Indigenous voices have been left out of the conversation around climate change, even though they are among the first to face the direct consequences of global warming due to their interconnectedness with the environment and its resources. On this episode, we hear from Indigenous leaders working to uplift Native voices and bring generations of environmental wisdom into the fight against climate change. First we hear from Nikki Cooley of the Navajo Nation. As the co-manager of the Climate Change Program at the Institute for Tribal Environmental Professionals, Nikki combines Native teachings with Western science to advise fellow tribes on how to adapt to climate change. Then, host Carla Harris speaks with Red Lake Nation member Robert Blake, founder and CEO of Solar Bear, a full service solar installation company. Through education, workforce training and demonstration, Robert is on a mission to realize the economic and environmental benefits of including Indigenous perspectives within the transition to clean energy.https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunityDisclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2022 Morgan Stanley & Co. LLC, Members SIPC.

Too many people in the U.S., particularly those from communities of color, live in geographic areas that have little to no access to an affordable and adequate supply of healthy and fresh whole foods. Unequal access to quality food has ripple effects across health, performance in school, and ultimately, the ability to generate wealth. On this episode, we learn about how food industry professionals are working to eliminate food deserts across the country. First we hear from entrepreneur Cassandria Campbell, who co-founded Fresh Food Generation in Boston after moving back in her early 20s to find that her community continued to lack places to get a quick, healthy, delicious meal. Then, host Carla Harris speaks with Something Better Foods founder and CEO, Chef GW Chew, about scaling his plant-based food manufacturing business in order to make securing fresh food a reality for all people. https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2022 Morgan Stanley & Co. LLC, Members SIPC.