P.M. Edition for Aug. 12. As Google awaits a judge’s ruling that could require it to spin off its Chrome browser, AI startup Perplexity makes an unsolicited $34.5 billion bid to buy Chrome. Journal reporter Katherine Blunt discusses what we know about the offer, and how likely it is to actually happen. Plus, President Trump calls for Goldman Sachs to replace its chief economist over his past predictions of the impact of tariffs. And the White House plans to review materials from the Smithsonian museums ahead of the country’s 250th anniversary. WSJ White House reporter Meridith McGraw explains why. Alex Ossola hosts.
Today on Motley Fool Money, analysts Emily Flippen and Nick Sciple discuss the reemergence of “sin stocks” and whether today’s market is building lasting moats for these controversial businesses or simply pulling forward returns. From billion-dollar UFC rights deals to the shifting economics of sports betting and a regulatory revival in tobacco, we’re diving into what’s driving profits in industries built on vice, who’s executing best, and where the biggest risks lie for investors.
They discuss:
- TKO Group’s billion-dollar UFC deal with Paramount
Companies discussed: TKO, PSKY, DKNG, FLUT, BTI, MO
Host: Emily Flippen, Nick Sciple
Producer: Anand Chokkavelu
Engineer: Dan Boyd
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Plus: AI startup Perplexity makes unsolicited $34.5 billion offer to buy Google’s Chrome browser. And disgraced crypto entrepreneur Do Kwon pleads guilty to fraud over crypto crash. Julie Chang hosts.
Trump keeps creating all these phony crises—an 'invasion' at the border, immigrants in the interior, crime in D.C.—so he can put on a show of force for his white base. He's also declaring fake emergencies on college campuses so he can shake them down, or declaring an economic emergency to impose tariffs. Now, he's looking at a 'quick reaction force' to respond to protests. It's all a naked power grab, and a potential prequel to sending in troops during elections. Plus, Trump wants fabricated economic data, his 15% cut of Nvidia's and AMD's chip sales to China quacks like a bribe, and will "Idiocracy" come alive with a UFC Octagon on the South Lawn? .
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Whether you consider yourself a true conspiracy theorist or a diehard skeptic, you've definitely heard of chemtrails. True believers are certain that, unlike the contrails made by aircraft, chemtrails are insidious chemicals dispersions meant to poison unsuspecting, innocent civilians across the planet. The concept of chemtrails has been more or less dismissed by scientists and the mainstream media, but it turns out that, in at least one country, something like chemtrails was very much a reality. Tune in to learn more.
On this episode of "The Federalist Radio Hour," author Kyle Townes joins Federalist Senior Elections Correspondent to discuss the importance of Christian parenting and share how "the road less traveled" equips kids with the tools they need to navigate a secular world. You can find Townes' book The Road Less Traveled: Reclaiming Childhood for Christianity here. Use coupon code TOWNES40 to receive 40 percent off your purchase.
If you care about combating the corrupt media that continue to inflict devastating damage, please give a gift to help The Federalist do the real journalism America needs.
Today we’re diving into some ongoing battles over athlete pay, from college athletics to the WNBA. In the case of college sports, a recent lawsuit settlement involving the NCAA allows colleges and universities to pay their athletes directly. On the show today, sports journalist Kennington Lloyd Smith III explains how college athlete pay has evolved, how the recent House v. NCAA settlement could strain athletic departments, and what could come from the WNBA players’ current fight for more equitable pay. Plus, the sports private equity firms are eyeing.
Then, we’ll hear how one listener got involved in local government. Plus, Paralympic sled hockey gold medalist Declan Farmer answers the Make Me Smart question.
Plus: Perplexity makes an unsolicited bid for Google Chrome, offering $34.5 billion. And Spirit Airlines warns that it may not continue to operate if its financial results don’t improve faster than expected. Alex Ossola 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.
