Category: 1-HeadlineNews

Sam Altman, the CEO of OpenAI, has been on a dealmaking blitz with some of the world’s largest, most important AI players such as Nvidia and SoftBank. But there are risks to his high-stakes tactics, as WSJ reporter Berber Jin explains. Plus, WSJ Heard on the Street columnist Jinjoo Lee discusses how retailers might be threatened by ChatGPT’s new direct-purchasing feature. Belle Lin hosts.

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The price of oil rose by over 5%, a day after the Trump administration announced sanctions on Russia’s two largest oil companies, Rosneft and Lukoil.

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Plus: New sanctions on Russian oil companies send energy prices higher. And Blackstone reports lighter-than-expected revenue. Katherine Sullivan hosts.

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Plus: European aerospace and defense companies Airbus, Leonardo and Thales join forces to take on SpaceX. And Intel shows progress in its turnaround effort as it reports sales growth. Julie Chang hosts.

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Plus: Rivian lays off over 600 workers in an attempt to save amid EV pullback. And home sales rise in September due to lower borrowing costs. Zoe Kuhlkin 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: Amazon tests new robots and AI tools in its warehouses and delivery vans. And China releases a five-year plan that includes becoming more self-sufficient technologically. Zoe Kuhlkin hosts.

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Plus: The Trump administration negotiates with quantum-computing companies for equity stakes in exchange for federal funding. And, a trio of European aerospace and defense giants launch a tie-up to compete with Elon Musks’s SpaceX. Caitlin McCabe hosts.

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President Trump demands $230 million from the Justice Department, claiming political investigations caused him financial harm. LAX begins a $30 billion renovation of Terminal 5 ahead of the 2028 Olympics, promising smoother travel and reduced congestion. Matcha lovers face soaring prices as Japan’s supply struggles with climate change, aging farmers, and new import tariffs. Meta lays off 600 AI employees in a restructuring move. Construction begins on a $250 million White House ballroom ordered by President Trump. In business, California insurers plan to charge homeowners new fire-related fees, and the Phillips 66 refinery site in Wilmington is set for redevelopment into a mixed-use space.

The Trump administration announced sanctions on Russia’s two largest oil companies, Rosneft and Lukoi, citing Russia’s “lack of serious commitment” to ending the war in Ukraine.

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Plus: Netflix shares decline after lower than expected earnings. And Hermès sales fall short of expectations. Katherine Sullivan 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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