Nasdaq loses 2% to close out the week. Plus: Super Micro Computer shares plummet after employees are accused of smuggling servers to China. Nexstar Media’s shares rise after closing Tegna merger. Katherine Sullivan hosts.
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.
As Israel and the U.S. continue to fire missiles at targets within Iran, the American military and President Donald Trump are weighing the costs and benefits of putting U.S. boots on the ground in the Middle East once again.
Oklahoma Sen. Markwayne Mullin’s Department of Homeland Security confirmation hearing saw him clash with his fellow congresspeople. Despite the meeting’s testy tone, the committee cleared Mullin by a single vote, sending his confirmation to the full Senate.
And, in global news, Iran’s foreign minister, Abbas Araqchi, announced this week that the Strait of Hormuz wasn’t technically closed to all traffic, just to ships controlled by the country’s enemies. Meanwhile, President Donald Trump is leaning on Japan to send warships to the passageway, to counteract Iran’s efforts to control the flow of trade.
New reporting from The Guardian indicates that before the U.S. began bombing Iran, security officials from U.S. allies judged that, as talks between Washington and Tehran progressed, a peace deal was in reach.
Plus: Publicis Sapient’s CEO says demand for AI consultant projects is on the rise. And Nexstar Media says federal regulators have approved its merger with rival TV-station owner Tegna. NAME hosts.
In the third episode from the fringes of the fertility industry, The Journal examines the rise of the surrogacy superuser. In the absence of meaningful regulation, the industry has enabled a new phenomenon of wealthy foreign men having dozens of children via surrogacy in the U.S. Ryan Knutson speaks with WSJ’s Katherine Long, who reports on the strange case of Xu Bo, a Chinese tech entrepreneur on a mission to have a mega-family.
City Council votes to end a phaseout of the sub-minimum wage and raise the tax on downtown hotels, making it the highest hotel tax in the nation. And federal prosecutors say a local cyber security expert turned out to actually be a cyber criminal. Plus takeaways and surprises from Tuesday’s primary election.
In the Loop breaks down those stories and more in our Weekly News Recap with Julie Bosman, Chicago bureau chief for the New York Times, Fox 32 political correspondent Paris Schutz and senior public safety editor for WBEZ and the Chicago Sun-Times, Tom Schuba.
For a full archive of In the Loop interviews, head over to wbez.org/intheloop.
The U.S. is at war with the leading state sponsor of terror, and Donald Trump appointed Markwayne Mullin—a man with no counter-terrorism experience—to help defend the homeland. At the same time, Hegseth is a meathead, and the shoe designer at the top of the FBI is preoccupied with visiting all the places on his bucket list. This is the moment for Democrats to argue that Trump has made the country very vulnerable. Plus, the administration apparently did not consider worst case scenarios vis-à-vis Iran, the Iraq War planners look like pros in comparison, Denmark was seriously preparing for an American invasion of Greenland, and is Israel's conduct contributing to the growing antisemitism problem?
Plus: The Pentagon is sending three warships and additional Marines to the Middle East. And a new federal indictment alleges that several employees at Super Micro Computer—including its co-founder—smuggled Nvidia chips to China. Pierre Bienaimé hosts.
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.
Tehran has fired missiles and drones at its Gulf neighbours causing blazes at a Kuwait refinery and a Bahrain warehouse. Israel has launched more air attacks against Iran. Powerful explosions were reported in the capital. Iranian media said sixteen of its cargo ships anchored in the Gulf had been burnt out after being targeted there. There's been a warning that the world faces its greatest ever energy threat from the Iran war. Also, weight loss drugs are set to become much cheaper as patents expire in India and elewhere. A cyclone has hit Australia's northeastern coast bringing fierce winds, heavy rain and floods. An international aid convoy arrives in Cuba. Actor and martial artist Chuck Norris dies at 86. And Mission to the Moon, NASA’s huge rocket - now repaired - heads back to the launchpad at Cape Canaveral in Florida in preparation for the first crewed flight in more than half a century.
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Ranjan Roy from Margins is back for our weekly discussion of the latest tech news. We cover: 1) OpenAI leadership says no more side quests 2) The company is focusing on enterprise and coding 3) Does this mean consumer AI is dead? 4) OpenAI's new focus era 5) Why OpenAI is building a Superapp 6) OpenAI partners with the consultants 7) Most first time AI buyers are choosing Anthropic 8) Nvidia CEO Jensen Huang says those who use AI to cut jobs lack imagination 9) The Metaverse is dead, or is it? 10) Jeff Bezos is raising $100 billion to automate industrial work 11) Do you dry chat?
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