The Indicator from Planet Money - Are U.S. defense contractors lavishing their investors too much?

In early January, President Donald Trump signed an executive order threatening bans on defense contractors paying dividends or buying their stock back.

Today on the show, we learn about the Trump Administration’s frustrations with the weapons supply chain, find out what a defense industry investor makes of the move, and ask whether this reflects the state tightening its grip on the industry that arms the U.S. military.

Related episodes: 
Are we overpaying for military equipment?
Can Just-In-Time handle a new era of war?
How to transform a war economy for peacetime

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter

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More or Less - No, a study has not shown that the covid jab causes cancer

In Autumn 2025 a paper in South Korea was published that excited many a vaccine sceptic online. The paper claimed that receiving a vaccination against Covid19 was linked to a 27% increase in cancer risk.

However, when you dig into the data there is no evidence that the vaccine caused the cancer. We spoke to Professor Justin Fendos to explain why we cannot take this type of statistical analysis at face value.

Presenter: Tim Harford Producer: Lizzy McNeill Series Producer: Tom Colls Editor: Richard Vadon Production Coordinator: Brenda Brown Sound Mix: James Beard

The Indicator from Planet Money - ICE influencers, a world-record trade surplus, and the moon goes nuclear

Welcome back to Indicators of the Week! Our weekly look at some of the most fascinating economic numbers from the news. 

On today’s episode: Influencers for ICE, China’s tremendous trade surplus, and America heads back to the moon. 

Related episodes: 

We resolve to watch these 2026 indicators 

China's trade war perspective 

Who owns the moon?


For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Vito Emanuel. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.  

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