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Plus: Netflix’s $72 billion deal to buy Warner Bros. Discovery sent the Hollywood giant’s stock rallying, while shares of rival suitor Paramount Skydance sank. And SoFi Technologies stock fell after announcing plans to sell common shares. Danny Lewis hosts.
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Plus: The EU fines X $140 million over breaches of Digital Services Act. And shares of Moore Threads, a Chinese competitor to Nvidia, soars in its market debut. Julie Chang hosts.
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President Trump’s remarks targeting Somali immigrants and Rep. Ilhan Omar escalate tensions as federal agents prepare enforcement actions in Minnesota. CBS News announces a primetime special featuring Erika Kirk, marking Editor in Chief Bari Weiss’ on-camera debut and signaling a shift in the network’s editorial approach. In business, a new UCLA report warns California’s unemployment rate will rise as immigration policies hit specific regions and Costco sues the Trump administration to halt global tariffs and recover billions in import duty payments.
Plus: The Federal Reserve got one last inflation reading to consider—a moderate monthly increase in prices—before next week's interest-rate decision. And Southwest Airlines cuts its profit guidance for the year. Pierre Bienaimé hosts.
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An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor.
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Plus: Meta Platforms plans cuts to its metaverse division. And The New York Times escalates battle against Perplexity with new lawsuit. Julie Chang hosts.
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Plus: Meta cuts spending on the metaverse, betting big on AI wearables instead. And stock markets gain ahead of the Fed’s preferred inflation gauge. Daniel Bach hosts.
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President Trump hopes to build factories around the country to power the manufacturing of AI components. Eliot Brown reports that SoftBank’s Masayoshi Son is closing in on a deal that would help make that happen. Plus, Marc Vartabedian reports on why venture capitalists aren’t taking AI startups at their word when it comes to revenue. Patrick Coffee hosts.
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