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Plus: Salesforce revenue outlook falls below expectations. Cava shares surge as the restaurant chain reports positive sales. 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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P.M. Edition for Feb. 25. Businesses are still figuring out whether they’ll get tariff refunds after last week’s Supreme Court decision. But some aren’t waiting for an answer; WSJ reporter Caitlin McCabe discusses how they’re selling their tariff refund claims to Wall Street traders. Plus, four people on a U.S.-registered speedboat were shot and killed after exchanging fire with Cuba's border guard. And prediction-market platform Kalshi has fined two users for breaking its rules. While it’s the first time the company has done so publicly, Journal reporter Krystal Hur says it likely won’t be the last. Alex Ossola hosts.
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Plus: Shares of Workday pare early losses. And Samsung releases a new line of flagship smartphones with AI features. Julie Chang hosts.
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The United States is ending its health programmes in Zimbabwe, including HIV treatment for one point two million people. The US embassy said Harare had pulled out of negotiations over a new health aid agreement which would have provided 367 million dollars over five years. The US has been renegotiating aid to Africa following the abolition of USAID by President Trump. Also on the programme: The influential economist, Larry Summers, resigns from Harvard over the Epstein files and the Microsoft co-founder, Bill Gates, apologises to staff about his links with the convicted sex offender; and we'll hear why Emperor penguins are facing the threat of extinction. (Photo shows a health official opening a rapid HIV test during the launch of Lenacapavir, a long‑acting HIV prevention injection outside Harare, Zimbabwe on 19 February 2026.Credit: Philimon Bulawayo/Reuters)
The market is buzzing with rumors of companies interested in buying Paypal. We look into whether there’s fire behind the smoke. We also cover earnings from Axon and Cava.
Travis Hoium, Lou Whiteman, and Rachel Warren discuss:
- Potential buyers for PayPal
- Axon earnings
- Cava Earnings
Companies discussed: PayPal (PYPL), Adyen, Axon (AXON), Cava (CAVA).
Host: Travis Hoium
Guests: Lou Whiteman, Rachel Warren
Engineer: Dan Boyd, Kristi Waterworth
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After Mexican authorities killed El Mencho, the country’s most powerful drug lord, his cartel responded with violence across the country. The operation came amid pressure from the U.S. government on Mexico's President Claudia Sheinbaum. WSJ’s José De Córdoba explains the power struggle that will ensue among the cartels and what it means for the global drug trade. Ryan Knutson hosts.
Further Listening:
- Mexico's New Cocaine Kingpin is Cashing In
- Drug Cartels' New Weapon: Chinese Money Launderers
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In this episode, Ravi Gupta talks with Time’s Andrew Chow about an unlikely coalition rising up against AI — from MAGA-aligned tech skeptics to democratic socialists pushing for data center moratoriums. They trace how local activism is already stalling major infrastructure projects, even as Big Tech prepares to flood elections with money to keep regulation at bay. The conversation zeroes in on the highest-stakes frontier: AI’s role in weapons and domestic surveillance, and whether any company will hold firm on its “red lines” when contracts and market pressure hit. Ultimately, Ravi frames it as a defining political fight of the decade: can everyday people set the terms, or will the machines — and the companies building them — decide for us?
Andrew Chow’s The People vs. AI (Time, Feb 2026)
Ravi’s recent substack post: The Melt-Up
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Hello!
Today, we talk about Graham Platner’s lead in Maine, the Olympics Patriotism Complex and everything Alysa Liu. Also, is the right annoying everyone away right now? That question and more in this week’s episode.
For just under two hours, Trump in his State of the Union address lied about the state of the economy, the cost of living, his tariffs, and even his immigration policy—claiming that he favors legal immigration while his armed, masked goons grab and imprison people who followed the law. And if Americans didn’t hear Trump discuss any real policy proposals in speech, it might be because he’s a bit distracted with his quest to capture more media outlets, including his longtime nemesis, CNN. Trump’s attempt to silence dissent has become the signature of his presidency. Plus, the paradoxes and conflicting signals on Iran, the sellout of bipartisan support for Ukraine, Vance finally has a job as VP, and POTUS only allows robotically remixed, Fox fever-dream women in his Cabinet.
Susan Glasser joins Tim Miller.
show notes