Pierre Bien-Aimé
Appearances
WSJ What’s News
Trump’s Clash With the Library of Congress Sets Up Constitutional Fight
Secretary of State Marco Rubio, Trump's top representative for talks with Russia Steve Witkoff, and special envoy for Ukraine Keith Kellogg are all expected to reach Istanbul by Friday. But it isn't clear with whom they would meet and when. Meanwhile, German police have detained three men suspected of planning to mail packages with explosives in a Russian-sponsored act of sabotage.
WSJ What’s News
Trump’s Clash With the Library of Congress Sets Up Constitutional Fight
The arrests could shed light on explosions last year at logistics hubs in Germany and the UK. Western security officials alleged these were part of one of the most audacious acts of sabotage ordered by the Kremlin. According to German officials, investigators think the plot was at an early stage and that the suspects had yet to mail actual explosives.
WSJ What’s News
Trump’s Clash With the Library of Congress Sets Up Constitutional Fight
Saudi Arabia's national oil company, Aramco, said today it signed agreements with U.S. companies with a potential value of $90 billion, covering everything from liquefied natural gas purchases to artificial intelligence.
WSJ What’s News
Trump’s Clash With the Library of Congress Sets Up Constitutional Fight
Aramco's 34 memoranda of understanding and agreements involve major companies like ExxonMobil, NVIDIA and Amazon, and the oil field service groups SLB, Halliburton and Baker Hughes. The deals come after a U.S.-Saudi investment forum held in Riyadh yesterday during President Trump's four-day visit to the Middle East. Aramco didn't break down the potential value of each deal. Meanwhile, U.S.
WSJ What’s News
Trump’s Clash With the Library of Congress Sets Up Constitutional Fight
crude oil inventories rose unexpectedly last week. According to data by the U.S. Energy Information Administration, commercial crude oil stocks excluding the Strategic Petroleum Reserve rose by 3.5 million barrels to about 442 million in the week ended May 9th. Major U.S.
WSJ What’s News
Trump’s Clash With the Library of Congress Sets Up Constitutional Fight
indexes wandered aimlessly for much of the day, with some shares of economically sensitive stocks retreating after jumping earlier in the week. The S&P 500 rose 0.1% and the Nasdaq Composite gained 0.7%. The Dow lost 0.2%, or about 89 points. You might remember the good old days for workers. It wasn't long ago that bosses routinely praised workers as their most prized asset.
WSJ What’s News
Trump’s Clash With the Library of Congress Sets Up Constitutional Fight
Today, economic uncertainty and the rise of generative AI has shifted the power back into corporate hands. The Wall Street Journal's workplace and management reporter, Chip Cutter, spoke with our Your Money Briefing podcast about how many companies are now expecting more work and less complaining from their staff.
WSJ What’s News
Trump’s Clash With the Library of Congress Sets Up Constitutional Fight
You can hear more from Chip in tomorrow's Your Money Briefing. Coming up, how President Trump's clash with the Library of Congress sets up a constitutional fight. That's after the break. The Library of Congress, though typically non-controversial, is the latest battleground in President Trump's power struggle between the branches of government.
WSJ What’s News
Trump’s Clash With the Library of Congress Sets Up Constitutional Fight
On Saturday, Trump fired the Librarian of Congress and has sought to install members of his administration at the institution, which serves members of Congress and the U.S. Supreme Court and is also home to the U.S. Copyright Office and Congress's research arm. Here to tell us more is our national politics reporter, Ken Thomas. So, Ken, what's the controversy here?
WSJ What’s News
Trump’s Clash With the Library of Congress Sets Up Constitutional Fight
Ukraine and Russia can't agree on who will meet where, if at all, for peace talks tomorrow. Plus, President Trump's firing of the Librarian of Congress sets up a power struggle between the branches of government.
WSJ What’s News
Trump’s Clash With the Library of Congress Sets Up Constitutional Fight
What's at stake when you consider who has sway over the Library of Congress?
WSJ What’s News
Trump’s Clash With the Library of Congress Sets Up Constitutional Fight
What has the White House had to say about their decisions regarding the Library of Congress?
WSJ What’s News
Trump’s Clash With the Library of Congress Sets Up Constitutional Fight
That was Wall Street Journal national politics reporter Ken Thomas. Ken, thanks so much.
WSJ What’s News
Trump’s Clash With the Library of Congress Sets Up Constitutional Fight
The Danish pharmaceutical company Novo Nordisk has signed a deal with U.S. biotech company Septerna to develop pills to treat obesity, type 2 diabetes, and other cardiometabolic diseases. Under the terms of the agreement, Septerna is eligible to receive around $2.2 billion from Novo Nordisk. The U.S.
WSJ What’s News
Trump’s Clash With the Library of Congress Sets Up Constitutional Fight
company will also receive research, development, and commercial milestone payments, on top of tiered royalties on global net sales of marketed products. Novo Nordisk will cover all research and development costs. Warner Brothers Discovery is rebranding its streaming service to HBO Max again, returning to its original moniker from its 2020 launch.
WSJ What’s News
Trump’s Clash With the Library of Congress Sets Up Constitutional Fight
And Saudi Arabia's national oil company Aramco signs deals with American companies with potential value of $90 billion. It's Wednesday, May 14th. I'm Pierre Bien-Aimé for The Wall Street Journal, filling in for Alex Osola. This is the PM edition of What's News, the top headlines and business stories that moved the world today.
WSJ What’s News
Trump’s Clash With the Library of Congress Sets Up Constitutional Fight
There has long been a debate inside the company and across the industry about the decision to drop HBO from the name of the streaming service, given how well-established that brand had been. At the end of last year, the streaming service had 117 million subscribers worldwide, and Warner projects it will top 150 million at the end of 2026.
WSJ What’s News
Trump’s Clash With the Library of Congress Sets Up Constitutional Fight
And we exclusively report that Apple is embracing the world of brain-computer interfaces, unveiling a new technology that would allow people to control their iPhones with neural signals. Wall Street Journal reporter Rolf Winkler talked to our Tech News Briefing podcast about how Apple plans to work with startup Synchron on new brain-computer interfaces to assist people with disabilities.
WSJ What’s News
Trump’s Clash With the Library of Congress Sets Up Constitutional Fight
Diplomatic efforts to end Russia's war in Ukraine are rising as Kyiv and Moscow seek to demonstrate a desire for peace while portraying the other as an obstacle. Ukraine's President Volodymyr Zelenskyy said he would be waiting in the Turkish capital Ankara tomorrow for Vladimir Putin.
WSJ What’s News
Trump’s Clash With the Library of Congress Sets Up Constitutional Fight
But the Russian president is sending a team of negotiators to Istanbul and the Kremlin won't say if he will be there. President Trump hasn't ruled out the possibility of joining any talks in Turkey. Turkish officials say U.S.
WSJ What’s News
U.S. Retail Giants Have Kept Prices Low. But How Long Can It Last?
Amazon declined to comment on the phone call between Trump and Bezos. In the face of rising tariffs, retail giants in the U.S., including Amazon, have managed to keep prices from ballooning for now. But as the chief executives of Walmart, Target, and Home Depot told President Trump in a meeting last week, that can't last forever.
WSJ What’s News
U.S. Retail Giants Have Kept Prices Low. But How Long Can It Last?
According to people familiar with the matter, they warned Trump that higher prices would be difficult to avoid and said certain products could become scarce if retailers decide not to sell them in order to avoid tariff costs. Wall Street Journal reporter Shane Shifflett joins me now with more. Shane, how are these big companies managing to keep prices down?
WSJ What’s News
U.S. Retail Giants Have Kept Prices Low. But How Long Can It Last?
And how are those suppliers reacting to that? What's the relationship like?
WSJ What’s News
U.S. Retail Giants Have Kept Prices Low. But How Long Can It Last?
Amazon in particular works with a lot of independent merchants who sell goods through the site. What part are they playing?
WSJ What’s News
U.S. Retail Giants Have Kept Prices Low. But How Long Can It Last?
Of course, China is a powerhouse in manufacturing. So how are American companies dealing with that in particular?
WSJ What’s News
U.S. Retail Giants Have Kept Prices Low. But How Long Can It Last?
That was Wall Street Journal reporter Shane Shifflett. Shane, thanks so much.
WSJ What’s News
U.S. Retail Giants Have Kept Prices Low. But How Long Can It Last?
United Parcel Service says it's cutting 20,000 operational positions this year in a move to slash expenses after breaking ways with Amazon, its biggest customer. UPS has been looking to shrink its operations after deciding in January to reduce the number of packages it delivers for Amazon. The e-commerce company accounted for about 12% of UPS's revenue. UPS has nearly 490,000 employees.
WSJ What’s News
U.S. Retail Giants Have Kept Prices Low. But How Long Can It Last?
Amazon has ruled out displaying the impact of tariffs after criticism from the White House. Plus, retail giants in the U.S. have managed to keep prices under control, but they say that won't last.
WSJ What’s News
U.S. Retail Giants Have Kept Prices Low. But How Long Can It Last?
Most of these are represented by the Teamsters. The union didn't respond to requests for comment. Executives at the delivery company said it's going to be less dependent on labor, which includes adding automation to its facilities for tasks including label application, as well as loading and unloading trailers.
WSJ What’s News
U.S. Retail Giants Have Kept Prices Low. But How Long Can It Last?
Amazon launched 27 satellites into space last night, a small step in its goal to compete with SpaceX's Starlink and other fleets that provide internet access from above. Amazon executives have said the company plans to invest more than $10 billion in Project Kuiper.
WSJ What’s News
U.S. Retail Giants Have Kept Prices Low. But How Long Can It Last?
Micah Maidenberg covers the business of space for The Wall Street Journal, and he says Amazon needs to quickly manufacture and deploy thousands more satellites on a narrow timeline in order to compete.
WSJ What’s News
U.S. Retail Giants Have Kept Prices Low. But How Long Can It Last?
Coming up, BP pledges to boost U.S. fossil fuel production as it slashes its green energy investments. That's after the break.
WSJ What’s News
U.S. Retail Giants Have Kept Prices Low. But How Long Can It Last?
BP said today it aims to boost its U.S. production of oil and gas by more than 50 percent by the end of the decade, aligning itself with President Trump's mantra of drill, baby, drill. The British company reported today a sharp drop in its first quarter underlying replacement cost profit, a metric similar to net income that U.S. companies report.
WSJ What’s News
U.S. Retail Giants Have Kept Prices Low. But How Long Can It Last?
At $1.38 billion, the figure is just over half what BP reported in the same period last year. Matthew Dalton covers energy for The Wall Street Journal, and he joins me now. Matthew, what's BP aiming to achieve here?
WSJ What’s News
U.S. Retail Giants Have Kept Prices Low. But How Long Can It Last?
And the Chinese foreign ministry denounces the U.S. 's tariff policy in a fiery social media video. It's Tuesday, April 29th. I'm Pierre Bien-Aimé for The Wall Street Journal, filling in for Alex Osola. This is the PM edition of What's News, the top headlines and business stories that move the world today.
WSJ What’s News
U.S. Retail Giants Have Kept Prices Low. But How Long Can It Last?
And indeed, they're looking to boost U.S. production from 650,000 barrels a day to more than a million by the year 2030. How are they planning to do that?
WSJ What’s News
U.S. Retail Giants Have Kept Prices Low. But How Long Can It Last?
Matthew Dalton covers energy for The Wall Street Journal. Matthew, thanks so much.
WSJ What’s News
U.S. Retail Giants Have Kept Prices Low. But How Long Can It Last?
Stocks climbed today after U.S. Commerce Secretary Howard Lutnick told CNBC he's reached a trade deal with an unnamed country. A deal on tariffs with even one nation could be seen by investors as much-needed progress. The Dow increased three-quarters of a percentage point, while the Nasdaq composite closed up about half a percent. The S&P 500 ended the day up about half a percent as well.
WSJ What’s News
U.S. Retail Giants Have Kept Prices Low. But How Long Can It Last?
But despite that, it recorded its biggest loss in the first 100 days of a new presidential term since Richard Nixon's in 1973. China signaled its resolve to stand up to President Trump's efforts to pressure Beijing into a settlement on trade, vowing in a social media video to resist U.S. coercion and urging other countries to also resist.
WSJ What’s News
U.S. Retail Giants Have Kept Prices Low. But How Long Can It Last?
In a version narrated in Chinese and another in English, the Chinese foreign ministry denounced what it calls The video comes as President Trump has struck a softer tone on trade tensions with China in recent days, fueling some optimism that the two governments could start hashing out a potential deal. The video, however, suggests Beijing isn't prepared to blink first in the trade standoff.
WSJ What’s News
U.S. Retail Giants Have Kept Prices Low. But How Long Can It Last?
And that's what's news for this Tuesday afternoon. Today's show was produced by Anthony Bansi with supervising producer Michael Kosmides. I'm Pierre Vianame for The Wall Street Journal. We'll be back with a new show tomorrow morning. Thanks for listening.
WSJ What’s News
U.S. Retail Giants Have Kept Prices Low. But How Long Can It Last?
Amazon was forced to play down a report that it was considering displaying the impact of tariffs during its online checkout process after President Trump called the company's founder Jeff Bezos and the White House press secretary said such a move would be a hostile and political act.
WSJ What’s News
U.S. Retail Giants Have Kept Prices Low. But How Long Can It Last?
The company said today it had considered displaying how much import charges would increase prices on its ultra-cheap shopping website, Haul. But it added that the idea was, quote, never approved and is not going to happen. Amazon also said it hadn't considered the idea for the main Amazon site and no changes had been implemented on any Amazon properties.
WSJ What’s News
Trump’s ‘Golden Dome’ Riles Nuclear-Armed Rivals
President's Golden Dome plan for a missile shield protecting American territory has riled the three countries whose weapons pose the greatest threat to it. China, Russia and North Korea claim the project fuels a dangerous new arms race. All three countries have also denounced Trump's call for space-based interceptors, saying they risk turning space into a battlefield.
WSJ What’s News
Trump’s ‘Golden Dome’ Riles Nuclear-Armed Rivals
The Golden Dome would combine ground-based interceptors with satellites to guard against high-tech threats, including hypersonic missiles. Wall Street Journal Reporter Thomas Grove has more on this. Thomas, how would this Golden Dome fit within the US's overall nuclear posture?
WSJ What’s News
Trump’s ‘Golden Dome’ Riles Nuclear-Armed Rivals
Trump wants the Golden Dome in place by the end of his term as president. Is that doable?
WSJ What’s News
Trump’s ‘Golden Dome’ Riles Nuclear-Armed Rivals
That was Wall Street Journal Reporter Thomas Grove joining from Poland. Thanks so much, Thomas.
WSJ What’s News
Trump’s ‘Golden Dome’ Riles Nuclear-Armed Rivals
US-Stocks rose sharply today after President Trump walked back tariff threats against the European Union. The two trading partners indicated that talks were back on track. The Nasdaq led stock indexes higher with a 2.5% gain. The Dow added 741 points, while the S&P rose more than 2%.
WSJ What’s News
Trump’s ‘Golden Dome’ Riles Nuclear-Armed Rivals
Its biggest jump since May 12th, when news of a rollback on tariffs between the US and China sent the index 3.3% higher. Salesforce has struck a roughly $8 billion deal for the data management software firm Informatica. The deal is a move to bolster artificial intelligence capabilities at Salesforce.
WSJ What’s News
Trump’s ‘Golden Dome’ Riles Nuclear-Armed Rivals
Informatica helps companies manage their data across systems both in the cloud and on site, allowing organizations to better analyze the data they collect. The San Francisco-based Salesforce specializes in cloud-based software that helps sales staff manage customer relationships.
WSJ What’s News
Trump’s ‘Golden Dome’ Riles Nuclear-Armed Rivals
The tax bill passed by the House of Representatives last week effectively muzzles some of the dozens of local and statewide efforts to outlaw algorithmic pricing systems for landlords. Federal, state and local regulators accuse rental data algorithms such as RealPage and Yardi Systems of collecting and crunching confidential data to help landlords illegally collude on pricing.
WSJ What’s News
Trump’s ‘Golden Dome’ Riles Nuclear-Armed Rivals
US-Stocks rise sharply after the European Union agrees to fast-track trade talks with Washington. And President Trump says Vladimir Putin is playing with fire. Plus how universities are rethinking their investment strategies to deal with Trump's planned tax hike on endowments.
WSJ What’s News
Trump’s ‘Golden Dome’ Riles Nuclear-Armed Rivals
WSJ-Reporter Rebecca Picciotto hat gesagt, dass der Staat und die lokalen Regierungen Pläne in der Arbeit haben, gegen das, was das Gesetz tun kann.
WSJ What’s News
Trump’s ‘Golden Dome’ Riles Nuclear-Armed Rivals
Für mehr über diese Geschichte, schau dir morgen das Video von TechNews Briefing an. Coming up, how President Trump's tax bill could force universities to change their investment strategies. That's after the break. The Trump administration is seeking to end remaining federal contracts with Harvard University.
WSJ What’s News
Trump’s ‘Golden Dome’ Riles Nuclear-Armed Rivals
That's according to a letter sent to federal agencies today, and it represents the latest escalation of the president's campaign against what he calls woke ideology on college campuses. The administration says Harvard engaged in antisemitism and race discrimination in its admissions process. The school didn't immediately respond to a request for comment.
WSJ What’s News
Trump’s ‘Golden Dome’ Riles Nuclear-Armed Rivals
Separately, President Trump's big, beautiful bill, which passed the House last week and now moves to the Senate, includes much higher taxes on universities' investment income. The Journal exclusively reports that that could drive a huge shift to their endowments' investment strategies at Harvard and other schools. Juliet Chung covered this story for The Wall Street Journal and she joins me now.
WSJ What’s News
Trump’s ‘Golden Dome’ Riles Nuclear-Armed Rivals
Juliet, what are the details of this bill's tax hike on schools and how many of them would be affected?
WSJ What’s News
Trump’s ‘Golden Dome’ Riles Nuclear-Armed Rivals
Today, Canada faces another critical moment. Democracy, pluralism, the rule of law, self-determination and freedom are values which Canadians hold dear. The British Monarch is under strict instruction from the British government to make nice with Trump and avoid worsening trade tensions.
WSJ What’s News
Trump’s ‘Golden Dome’ Riles Nuclear-Armed Rivals
And Charles' Canadian subjects were frustrated by the King's decision to invite Trump to a state visit to the UK, expected this fall. National Public Radio has filed a lawsuit challenging President Trump's executive order to end federal funding of public media. NPR says the effort violates the First Amendment and federal law.
WSJ What’s News
Trump’s ‘Golden Dome’ Riles Nuclear-Armed Rivals
In the suit filed today, NPR said Trump's order runs counter to the Public Broadcasting Act of 1967, which prohibits federal agencies from controlling the Corporation for Public Broadcasting. Das ist die Umbrella-Organisation, die die Regierung für NPR und PBS finanziert. NPR-Stationen bekommen 10% ihrer Finanzen von der Corporation for Public Broadcasting.
WSJ What’s News
Trump’s ‘Golden Dome’ Riles Nuclear-Armed Rivals
Die White House hat nicht sofort eine Anmerkung für einen Kommentar geantwortet. PBS und die Corporation for Public Broadcasting haben vorhin gesagt, dass sie auch gegen die Exekutive-Order kämpfen würden. And that's what's news for this Tuesday afternoon. Today's show was produced by Anthony Bansi with supervising producer Michael Kosmides. I'm Pierre Bien-Aimé for The Wall Street Journal.
WSJ What’s News
Trump’s ‘Golden Dome’ Riles Nuclear-Armed Rivals
We'll be back with a new show tomorrow morning. Thanks for listening.
WSJ What’s News
Trump’s ‘Golden Dome’ Riles Nuclear-Armed Rivals
It's Tuesday, May 27th. I'm Pierre Bien-Aimé for The Wall Street Journal, filling in for Alex Osola. This is the PM edition of What's News, the top headlines and business stories that moved the world today. Präsident Trump hat heute mit dem russischen Präsidenten Wladimir Putin verabschiedet.
WSJ What’s News
Trump’s ‘Golden Dome’ Riles Nuclear-Armed Rivals
Er hat auf Social Media geschrieben, Was Wladimir Putin nicht erkennt, ist, dass, wenn es nicht für mich war, viele wirklich schlechte Dinge zu Russland passieren würden. Und ich meine wirklich schlechte. Er spielt mit Feuer. The White House didn't immediately respond to a request for comment. Meanwhile, the U.S.
WSJ What’s News
DOGE’s Next Target: Government Office Space
And does this have any effect on the bottom line when online purchase versus one done in store?
WSJ What’s News
DOGE’s Next Target: Government Office Space
How many retirees have been affected by this kind of lapse, and how much money are we talking about?
WSJ What’s News
Walmart to Raise Prices Due to Tariffs, Setting the Tone for Other Retailers
Federal Reserve Chair Jerome Powell said today the central bank was in the process of making adjustments to its overarching policy-setting framework. That's to account for meaningful changes in the outlook for inflation and interest rates following the pandemic in 2020. Powell spoke at a research conference at the Fed's headquarters in Washington.
WSJ What’s News
Walmart to Raise Prices Due to Tariffs, Setting the Tone for Other Retailers
Framework refers to how the Fed spells out its strategy for setting interest rates. The central bank adopted its current framework five years ago and began a review of it this year. Powell's remarks today indicate the Fed would retract key changes it made five years ago. U.S. indexes closed mixed after a midday rally faded.
WSJ What’s News
Walmart to Raise Prices Due to Tariffs, Setting the Tone for Other Retailers
The S&P 500 rose 0.4%, the Dow rose 0.7%, and the Nasdaq Composite fell nearly 0.2%. The cryptocurrency exchange Coinbase said today that cybercriminals stole customer data and sought a $20 million ransom, which the company refused to pay.
WSJ What’s News
Walmart to Raise Prices Due to Tariffs, Setting the Tone for Other Retailers
Coinbase said that while customer funds weren't accessed, the stolen data included personal information such as names, addresses, phone numbers, and email addresses, masked social security and bank account numbers, government ID images like driver's licenses and passports, and account data such as balance snapshots and transaction histories. tens of thousands of users were potentially affected.
WSJ What’s News
Walmart to Raise Prices Due to Tariffs, Setting the Tone for Other Retailers
According to a regulatory filing, Coinbase estimates the incident could cost them between $180 and $400 million so as to fix the underlying issues and reimburse customers. The company said it is working with law enforcement to investigate the incident.
WSJ What’s News
Walmart to Raise Prices Due to Tariffs, Setting the Tone for Other Retailers
The breach came as Coinbase is slated to join the S&P 500 next week, a development celebrated by crypto proponents as a key step toward mainstream adoption. Coming up, how drug cartel money is laundered at U.S. banks by Chinese money launderers. That's after the break.
WSJ What’s News
Walmart to Raise Prices Due to Tariffs, Setting the Tone for Other Retailers
Across Los Angeles County, Chinese money launderers in recent years have allegedly made six-figure deposits at Chase, Bank of America, and Citibank branches. The network allegedly handled some $50 million in proceeds from drug trafficking over four years.
WSJ What’s News
Walmart to Raise Prices Due to Tariffs, Setting the Tone for Other Retailers
Walmart plans to raise prices because of tariffs, and other retailers will likely follow.
WSJ What’s News
Walmart to Raise Prices Due to Tariffs, Setting the Tone for Other Retailers
According to law enforcement officials and court records, similar operations are active in plain sight around the country, hiding the staggering revenue brought in by cross-border drug-smuggling cartels. Dylan Tokar covers financial crime and regulation for The Wall Street Journal, and he joins me now. Dylan, let's follow the money here. How does this cash get laundered by Chinese criminals?
WSJ What’s News
Walmart to Raise Prices Due to Tariffs, Setting the Tone for Other Retailers
What have U.S. banks said about their being used in this money laundering manner?
WSJ What’s News
Walmart to Raise Prices Due to Tariffs, Setting the Tone for Other Retailers
Dylan Tokar covers financial crime and regulation for The Wall Street Journal. Dylan, thanks so much. Thank you. President Trump's bid to abolish birthright citizenship reached the Supreme Court today. Justices held a special hearing on the administration's request to set aside three federal court orders blocking implementation of his decree.
WSJ What’s News
Walmart to Raise Prices Due to Tariffs, Setting the Tone for Other Retailers
And Fed Chair Jerome Powell speaks of a new strategy for the central bank in a world where very low interest rates are not guaranteed. Plus, how Chinese money launderers are flooding U.S. banks with bags of cash from drug cartels. It's Thursday, May 15th. I'm Pierre Bien-Aimé for The Wall Street Journal, filling in for Alex Oslo. This is the p.m.
WSJ What’s News
Walmart to Raise Prices Due to Tariffs, Setting the Tone for Other Retailers
Our Supreme Court correspondent Jess Braven joins me now. Jess, what happened at this special hearing today?
WSJ What’s News
Walmart to Raise Prices Due to Tariffs, Setting the Tone for Other Retailers
And American negotiators for the first time pitched a nuclear proposal to their Iranian counterparts days before President Trump said that the U.S. was close to an agreement. That's according to people briefed on the matter. Speaking at a business event in Doha, Qatar earlier today, Trump alluded to military strikes and said a deal would avoid that.
WSJ What’s News
Walmart to Raise Prices Due to Tariffs, Setting the Tone for Other Retailers
One of the people said the Iranians said they would take the proposal back to Tehran for discussion. The U.S. wants Iran to roll back its program, which American officials think is within a few months of being able to produce a nuclear weapon. And that's what's news for this Thursday afternoon. Today's show was produced by Anthony Bansi with supervising producer Michael Kosmides.
WSJ What’s News
Walmart to Raise Prices Due to Tariffs, Setting the Tone for Other Retailers
edition of What's News, the top headlines and business stories that moved the world today. Trade war price increases are coming for American shoppers. Walmart says it will raise prices in response to tariffs. The retail giant, which counts 90 percent of Americans as customers, is the biggest company so far to signal price hikes because of tariffs.
WSJ What’s News
Walmart to Raise Prices Due to Tariffs, Setting the Tone for Other Retailers
I'm Pierre Bien-Aimé for The Wall Street Journal. We'll be back with a new show tomorrow morning. Thanks for listening.
WSJ What’s News
Walmart to Raise Prices Due to Tariffs, Setting the Tone for Other Retailers
Sarah Nassauer writes about large retailers for The Wall Street Journal. She says Walmart's price increases stand to ripple through the retail industry and the U.S. economy.
WSJ What’s News
U.S. Stocks Tumble as Trump Delays Tariffs on Canada, Mexico
How is it that the lack of permanent disposal ends up costing taxpayers more than it otherwise would?
WSJ What’s News
U.S. Stocks Tumble as Trump Delays Tariffs on Canada, Mexico
Why is it so difficult to figure out permanent disposal?
WSJ What’s News
Trump Ejects National Security Adviser Mike Waltz
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WSJ What’s News
Trump Ejects National Security Adviser Mike Waltz
Alpha Sense, powering the world's biggest decisions. Learn more by visiting alpha-sense.com.
WSJ What’s News
China’s Huawei Develops New AI Chip to Rival Nvidia
Mark Carney's plan is to do exactly what Trudeau did on steroids. More spending, more taxes, more soft on crime. We can't afford four more years of the liberals. We need a change.
WSJ What’s News
‘Sell America’ Trade Picks Up After New Trump Threats on Fed
In an age of unprecedented disruption and opportunity, success depends on what you do with your data and how fast you do it. This is the era of AI. This is the era of KX. KX, survival of the fastest.
WSJ What’s News
Trump Administration Backs Away From White-Collar Criminal Enforcement
The FTC wants to compel Meta to undo its acquisitions of those two platforms, alleging it wields an illegal monopoly in social media, something Meta denies. WSJ reporter Megan Bobrowski covers Meta and social media and says the company has a lot to lose.
WSJ What’s News
Trump Administration Backs Away From White-Collar Criminal Enforcement
The trial in Washington is scheduled to take about eight weeks. The graphics chip maker Nvidia said it would start producing AI supercomputers manufactured entirely in the United States. The announcement, made today in a blog post, comes a day after the Trump administration said tariffs are coming for semiconductor imports.
WSJ What’s News
Trump Administration Backs Away From White-Collar Criminal Enforcement
Nvidia said this will be the first time that AI supercomputers, used to power data centers that solely process artificial intelligence, will be made completely in the U.S. European authorities are scrambling to break their dependence on the Starlink satellites owned by Elon Musk's SpaceX.
WSJ What’s News
Trump Administration Backs Away From White-Collar Criminal Enforcement
Starlink is indispensable for Ukrainian soldiers, who have relied on its terminals for communication, drone control, and artillery coordination since Russia invaded in 2022. But Wall Street Journal correspondent Margarita Stancati told our Tech News Briefing podcast that the company's dominance has also highlighted the risk of relying on a single U.S. company and its unpredictable owner.
WSJ What’s News
Trump Administration Backs Away From White-Collar Criminal Enforcement
And now Europe is putting its hopes into France's UTELSAT.
WSJ What’s News
Trump Administration Backs Away From White-Collar Criminal Enforcement
And you can hear the full story with details on how the low-orbit space race is heating up in this morning's Tech News Briefing podcast. The first three months of the year saw a rebound in the troubled market for office space. According to the data firm CoStar Group, American businesses leased more space in Q1 than in any quarter since 2019.
WSJ What’s News
Trump Administration Backs Away From White-Collar Criminal Enforcement
— The Trump administration is backing away from prosecuting certain cases of white-collar crime.
WSJ What’s News
Trump Administration Backs Away From White-Collar Criminal Enforcement
But President Trump's call for higher tariffs, which is stoking economic uncertainty and financial market volatility, is threatening that turnaround. Wall Street Journal reporter Peter Grant joins me now with the details. Peter, how big of a problem are these tariffs for the office space market?
WSJ What’s News
Trump Administration Backs Away From White-Collar Criminal Enforcement
What about this 90-day pause to the tariffs that Trump announced last week on most tariffs? Is that providing any further light at the end of the tunnel for brokers and landlords?
WSJ What’s News
Trump Administration Backs Away From White-Collar Criminal Enforcement
Peter, thanks so much. My pleasure. Coming up, how the Trump administration is redefining what business conduct constitutes a crime. That's after the break.
WSJ What’s News
Trump Administration Backs Away From White-Collar Criminal Enforcement
Plus, the president's trade war threatens the office space market recovery. And Meta fights to keep Instagram and WhatsApp as its antitrust trial begins. It's Monday, April 14th. I'm Pierre Bien-Aimé for The Wall Street Journal, filling in for Alex Osola. This is the PM edition of What's News, the top headlines and business stories that moved the world today. U.S.
WSJ What’s News
Trump Administration Backs Away From White-Collar Criminal Enforcement
The Trump administration is retreating from some types of white-collar law enforcement. That includes cases involving foreign bribery, money laundering, and crypto markets. An executive order Trump signed in February said bribery prosecutions hurt the ability of American companies to compete overseas. The move could upend dozens of cases and investigations.
WSJ What’s News
Trump Administration Backs Away From White-Collar Criminal Enforcement
Dave Michaels covers corporate law enforcement for The Wall Street Journal, and he joins me now. Dave, what does this move away from white-collar enforcement look like in practice?
WSJ What’s News
Trump Administration Backs Away From White-Collar Criminal Enforcement
What's the administration itself saying? Are they talking about a new focus?
WSJ What’s News
Trump Administration Backs Away From White-Collar Criminal Enforcement
That was Wall Street Journal reporter Dave Michaels. Dave, thanks so much. Thanks very much. And you can read our full report about how the Trump administration is retreating from white-collar crime enforcement on WSJ.com. We'll leave a link in the show notes.
WSJ What’s News
Trump Administration Backs Away From White-Collar Criminal Enforcement
In other news, Harvard University said today it will resist the Trump administration's demands to change its governance structure to stop anti-Semitism on campus. The school said the government is overstepping its authority.
WSJ What’s News
Trump Administration Backs Away From White-Collar Criminal Enforcement
Harvard's response sets up a significant fight between the nation's wealthiest university and the federal government, which has threatened to withhold nearly $9 billion in grants and contracts to the university and its affiliated hospitals.
WSJ What’s News
Trump Administration Backs Away From White-Collar Criminal Enforcement
El Salvador President Nayib Bukele said today he doesn't have the authority to bring a migrant mistakenly deported to a maximum security prison in his country back to the U.S. Bukele made the comments during a meeting with President Trump in the Oval Office.
WSJ What’s News
Trump Administration Backs Away From White-Collar Criminal Enforcement
Kilmar Abrego-Garcia lived with his family in Maryland and was deported in what the Trump administration acknowledged was an administrative error. It's a volatile time for markets, and you may be wondering what that means for your own investments.
WSJ What’s News
Trump Administration Backs Away From White-Collar Criminal Enforcement
Wall Street Journal personal economics reporter Imani Moise spoke to our Your Money Briefing podcast, and she was asked whether stock owners should take the recent market swings as an opportunity to do a gut check.
WSJ What’s News
Trump Administration Backs Away From White-Collar Criminal Enforcement
investors welcomed a tariff rollback for the tech industry. The exemption for smartphones, computers, and memory chips amounts to a big reprieve for Apple and others that make many items in China. President Trump said this afternoon that he's looking at some tariff pauses to help automakers as well. Shares of companies like Ford and General Motors perked up on the news. In U.S.
WSJ What’s News
Trump Administration Backs Away From White-Collar Criminal Enforcement
markets today, the S&P 500 and the Dow rose about 0.8%, while the Nasdaq Composite rose about 0.6%. Facebook owner Meta Platforms squared off with the Federal Trade Commission today in the start of a trial that could shape the future of antitrust enforcement and force the company to break itself up by selling Instagram and WhatsApp.
WSJ What’s News
Elon Musk Leaves DOGE, but Will Keep Advising Trump
Economy Reporter Chow Deng joins me now with more. Chow, why are Americans down on the economy?
WSJ What’s News
Elon Musk Leaves DOGE, but Will Keep Advising Trump
How have the events of the month shaped the sentiment?
WSJ What’s News
Elon Musk Leaves DOGE, but Will Keep Advising Trump
Chow, danke, dass du mitgekommen bist. Danke. Meanwhile, the Fed's preferred gauge of consumer prices ticked up just slightly in April. The Commerce Department said today that the Personal Consumption Expenditures Price Index rose 0.1% last month. That brought the index's 12-month increase to 2.1% through April, down from March's figure and closer to the Fed's target of 2%.
WSJ What’s News
Elon Musk Leaves DOGE, but Will Keep Advising Trump
The core version of the index, which cuts out volatile food and energy costs, also increased by 0.1% last month, 12-Monats-Kor-Inflation fiel zu 2,5% im April von 2,7% im März. Das Bericht des Commerce-Departments zeigte auch, dass die Spenden des Konsumers bei 0,2% im April gestiegen sind als im März, während der persönliche Einkommen bei 0,8% gestiegen ist.
WSJ What’s News
Elon Musk Leaves DOGE, but Will Keep Advising Trump
And the US' trade deficit for goods shrank substantially in April, as new tariffs weighed on imports. The Commerce Department said goods imports fell 20% to over $276 billion, while exports rose 3.4% to $188.5 billion. It was the biggest one-month drop in goods imports on record.
WSJ What’s News
Elon Musk Leaves DOGE, but Will Keep Advising Trump
The goods trade deficit shot higher in the months after President Trump's re-election, as companies raced to get supplies on shore before the tariffs they expected the White House to enact. Stockindexes were mostly lower Friday, before closing little changed after renewed signs of friction with China. The S&P 500 was flat for the day, the Dow up 0.1% and the Nasdaq down 0.3%.
WSJ What’s News
Elon Musk Leaves DOGE, but Will Keep Advising Trump
President Trump says farewell to Elon Musk in a news conference full of praise.
WSJ What’s News
Elon Musk Leaves DOGE, but Will Keep Advising Trump
The S&P 500 recorded its best monthly performance since November 2023. Präsident Trump sagte auf Wiedersehen zu Elon Musk heute, um einen der größten turbulenten Zeitpunkte im modernen Regierung zu beenden, mit einer Oval Office News-Konferenz, in der beide Männer sagten, dass ihre Beziehung weitergehen würde.
WSJ What’s News
Elon Musk Leaves DOGE, but Will Keep Advising Trump
Viele der deutsche Leute, Elon, bleiben auch hinter sich, also gehen sie nicht. Und Elon geht wirklich nicht. Er wird zurück und forth sein, denke ich. Ich habe ein Gefühl. Es ist sein Baby und ich denke, er wird viele Dinge machen. Aber Elon's Service nach Amerika ist ohne Vergleich in der modernen Geschichte.
WSJ What’s News
Elon Musk Leaves DOGE, but Will Keep Advising Trump
Musk's actions during his tenure at the White House at times eclipsed Trump's, dominating headlines as he presided over one of the most ambitious, divisive and ultimately underperforming attempts to remake the federal bureaucracy.
WSJ What’s News
Elon Musk Leaves DOGE, but Will Keep Advising Trump
Doge said it has saved the government $175 billion since Trump's inauguration on January 20th, but analysts across the political spectrum have called those claims inflated, and it is far short of the $1 trillion or more Musk promised. So, who's going to lead Doge after Musk? WSJ-Colonist Tim Higgins spoke to our Tech News Briefing Podcast.
WSJ What’s News
Elon Musk Leaves DOGE, but Will Keep Advising Trump
Today it's about a man named Elon and he's one of the greatest business leaders and innovators the world has ever produced. He stepped forward to put his very great talents into the service of our nation and we appreciate it.
WSJ What’s News
Elon Musk Leaves DOGE, but Will Keep Advising Trump
And you can hear more about Doja's record so far and the challenges Musk will face as he refocuses on his own companies on our Tech News Briefing podcast on Monday. Coming up, the Supreme Court rules that the White House can move ahead in pulling protections for half a million migrants living in the U.S. That's after the break.
WSJ What’s News
Elon Musk Leaves DOGE, but Will Keep Advising Trump
The Supreme Court will allow the Trump administration to revoke temporary Biden-era protections that allow about 500,000 migrants from Cuba, Haiti, Nicaragua and Venezuela to live and work in the U.S. The unsigned order today stops, for now, a lower court injunction that prevented the government from removing those protections.
WSJ What’s News
Elon Musk Leaves DOGE, but Will Keep Advising Trump
It is the second time in recent weeks the Supreme Court has allowed the Trump administration to end temporary immigration protections while those moves are being challenged in court. Earlier this month, the High Court allowed the administration to proceed with ending separate temporary protections for a group of Venezuelans living in the U.S.
WSJ What’s News
Elon Musk Leaves DOGE, but Will Keep Advising Trump
Millions of Americans had their student loan payments put on pause during the pandemic. Now they're back on the hook again. That will strain personal finances since every month, money that they presumably used to spend elsewhere is going to pay off debt instead. And as economics reporter Justin Layhart told our Your Money Briefing podcast, it will also be a challenge for the U.S. economy.
WSJ What’s News
Elon Musk Leaves DOGE, but Will Keep Advising Trump
Plus, American consumers are still down on the economy after a month of whipsawing tariff news. And the Supreme Court delivers a win for President Trump's immigration agenda as thousands of non-citizens lose their legal protections. It's Friday, May 30th. I'm Pierre Bien-Aimé for The Wall Street Journal, filling in for Alex Osola.
WSJ What’s News
Elon Musk Leaves DOGE, but Will Keep Advising Trump
You can hear more on today's episode of Your Money Briefing. And on Sunday, we'll have a special bonus episode of Your Money Briefing. In Keeping It Money, we'll share personal stories that offer even more insight on your money habits and goals and take a deep dive into ways that you can make some extra cash.
WSJ What’s News
Elon Musk Leaves DOGE, but Will Keep Advising Trump
A scam that the FBI says involves thousands of North Korean workers has brought hundreds of millions of dollars into the country every year. International sanctions have frozen the flow of funds there, so North Korea has gotten creative in its quest for cash. One way they've gone about it is to use some of America's remote work opportunities to start laptop farms in states across the U.S.,
WSJ What’s News
Elon Musk Leaves DOGE, but Will Keep Advising Trump
Bob McMillan öffnet Computer-Sicherheit, Hacker und Privatsphäre für die Wall Street Journal. Er hat unsere Tech-News-Briefing-Podcast mitgebracht, um zu erklären, warum Nordkorea sich in diese Arbeiter interessiert.
WSJ What’s News
Elon Musk Leaves DOGE, but Will Keep Advising Trump
For more on this story, listen to today's episode of Tech News Briefing. Und das ist das News für diese Woche. Morgen können Sie sich für unsere weekly Markets Wrap-up, What's News in Markets, anschauen. Dann am Sonntag schauen wir uns den militär-industriellen Kampf zwischen den USA und China an. Das ist in What's News Sunday. Und wir sind zurück mit unserem normalen Show am Montagmorgen.
WSJ What’s News
Elon Musk Leaves DOGE, but Will Keep Advising Trump
Today's show was produced by Anthony Bansi with supervising producer Michael Kosmides. Michael LaValle wrote our theme music. Aisha Al-Muslim is our development producer. Scott Salloway and Chris Sinsley are our deputy editors. And Falana Patterson is the Wall Street Journal's head of news audio. I'm Pierre Bien-Aimé. Thanks for listening.
WSJ What’s News
Elon Musk Leaves DOGE, but Will Keep Advising Trump
This is the PM edition of What's News, the top headlines and business stories that move the world today. American households still felt gloomy about the economy in May. The final reading for the University of Michigan's closely watched index of consumer sentiment was 52.2, unchanged from the previous month. It's one of the lowest ever recorded in data going back to 1952. U.S.
WSJ What’s News
How Trump’s Pressure on the Fed Could Undermine Confidence in Its Next Chair
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WSJ What’s News
How Trump’s Pressure on the Fed Could Undermine Confidence in Its Next Chair
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WSJ What’s News
The Businesses Adding an Extra Charge With Trump’s Name On It
Deputy Treasury Secretary Michael Falkender will now run the Internal Revenue Service, becoming the fifth person to hold that job so far this year. He replaces Gary Shapley, the former IRS criminal investigator who had criticized the government's investigation of Hunter Biden. The move furthers upheaval at the agency.
WSJ What’s News
The Businesses Adding an Extra Charge With Trump’s Name On It
The managers overseeing tax enforcement, human resources, finances, communications, privacy, risk, information technology, and legal counsel have all left this year or are leaving soon. As we've discussed many times on the show, consumer sentiment has fallen to near historic lows in the U.S., but higher-income consumers still seem to be spending with a bit of an adjustment.
WSJ What’s News
The Businesses Adding an Extra Charge With Trump’s Name On It
Consumers on the wealthier side are now spending at chains that typically cater to more budget-conscious shoppers. Jennifer Williams is a reporter on The Wall Street Journal's CFO Journal team, and she joins me now. Jennifer, where are these wealthier shoppers going exactly? Is it just dollar stores?
WSJ What’s News
The Businesses Adding an Extra Charge With Trump’s Name On It
And a wealthier clientele, is that good news for some of the retailers out there?
WSJ What’s News
The Businesses Adding an Extra Charge With Trump’s Name On It
What are these stores doing to cater to these new kinds of customers they've attracted?
WSJ What’s News
The Businesses Adding an Extra Charge With Trump’s Name On It
and how some U.S. businesses are passing tariff costs on to customers. It's Friday, April 18th. I'm Pierre Bien-Aimé for The Wall Street Journal, filling in for Alice Osola. This is the PM edition of What's News, the top headlines and business stories that moved the world today.
WSJ What’s News
The Businesses Adding an Extra Charge With Trump’s Name On It
President Trump is replacing the acting IRS commissioner he appointed just three days ago. Plus, for lower-income shoppers, dollar store prices aren't as attractive as they used to be.
WSJ What’s News
The Businesses Adding an Extra Charge With Trump’s Name On It
Jennifer Williams covers corporate finance for The Wall Street Journal. Jennifer, thanks so much.
WSJ What’s News
The Businesses Adding an Extra Charge With Trump’s Name On It
Coming up, some businesses are labeling surcharges with names like Trump tariff to show who's responsible. That's after the break.
WSJ What’s News
The Businesses Adding an Extra Charge With Trump’s Name On It
Over the coming weeks, we're going to be taking a look at how companies are responding to Trump's tariffs and the tactics and strategies they're using to react to, survive, or even take advantage of the new trade war. Have you noticed anything different on your shopping bills recently? An extra fee, maybe.
WSJ What’s News
The Businesses Adding an Extra Charge With Trump’s Name On It
You may see them labeled Trump tariff surcharge or something like that, as businesses want to make one thing clear. These tariffs weren't our idea. Natasha Kahn covers business for The Wall Street Journal, and she joins me now. Natasha, what kinds of businesses are making this move, adding a charge that's specifically chalked up to the effects of tariffs?
WSJ What’s News
The Businesses Adding an Extra Charge With Trump’s Name On It
We exclusively report that the Trump administration is pressing Harvard University to turn over records on the money it receives from foreign sources going back a decade. It's the latest move in the White House's growing pressure campaign against the country's most prominent university.
WSJ What’s News
The Businesses Adding an Extra Charge With Trump’s Name On It
We're in the midst of a 90-day pause on many tariffs and a whole bunch of uncertainty regarding what happens after that or maybe even sooner. Do the executives say that these charges could change if and when tariff rates do?
WSJ What’s News
The Businesses Adding an Extra Charge With Trump’s Name On It
That was WSJ business reporter Natasha Khan. The U.S. has accused China of helping Yemen's Houthi militants target their attacks on American interests, a sign of Beijing and Moscow's increased support for the rebel group. A State Department spokesperson said yesterday that a Chinese company has been providing the group with satellite imagery even after the U.S.
WSJ What’s News
The Businesses Adding an Extra Charge With Trump’s Name On It
Secretary of Education Linda McMahon said in a statement that the request is meant to, quote, "...ensure Harvard is not being manipulated by or doing the bidding of foreign entities." An education department letter to the school presented no evidence that that was occurring.
WSJ What’s News
The Businesses Adding an Extra Charge With Trump’s Name On It
had pressed China to stop the support. President Trump began a campaign of airstrikes against the Iran-backed militants last month, bringing a second aircraft carrier into the region in an effort to stop attacks that have snarled key commercial routes through the Red Sea. China said it has worked to reduce tensions in the Red Sea since the situation escalated, implying that the U.S.
WSJ What’s News
The Businesses Adding an Extra Charge With Trump’s Name On It
was making them worse. Marketers are getting more comfortable with using artificial intelligence to speak for their brands. In fact, the industry is getting closer to the day when proponents of AI say the technology will develop, produce, and even approve entire campaigns with little or no human intervention.
WSJ What’s News
The Businesses Adding an Extra Charge With Trump’s Name On It
But as Patrick Coffey, a reporter for The Wall Street Journal's CMO Today, told our Tech News Briefing podcast, brands aren't waiting for perfection.
WSJ What’s News
The Businesses Adding an Extra Charge With Trump’s Name On It
You can hear Patrick's full interview on today's episode of Tech News Briefing. And that's what's news for this week. Tomorrow, you can look out for our weekly markets wrap-up, What's News in Markets. Then on Sunday, we'll be looking at how the Trump administration's moves could force U.S. universities to recalculate their bottom lines. That's in What's News Sunday.
WSJ What’s News
The Businesses Adding an Extra Charge With Trump’s Name On It
And we'll be back with our regular show on Monday morning. Today's show was produced by Anthony Bansi with supervising producer Michael Kosmides. Michael LaValle wrote our theme music. Aisha Al-Muslim is our development producer. Scott Salloway and Chris Zinsley are our deputy editors. And Falana Patterson is The Wall Street Journal's head of news audio. I'm Pierre Bien-Aimé. Thanks for listening.
WSJ What’s News
The Businesses Adding an Extra Charge With Trump’s Name On It
In a written statement, Harvard said it has filed such reports for decades, quote, as part of its ongoing compliance with the law. Federal law requires universities to report donations from foreign sources of more than $250,000. President Trump is replacing the acting IRS commissioner he appointed just three days ago. That's according to people familiar with the matter.
WSJ What’s News
Consumer Sentiment in U.S. Falls for Fifth Straight Month
Respondents said they expect prices to surge 7.3% over the next year, compared with expectations in April for a 6.5% increase. The survey also noted that longer-run inflation expectations rose too, reflecting an especially big monthly jump among Republicans. Wall Street Journal economics reporter Zhao Deng.
WSJ What’s News
Consumer Sentiment in U.S. Falls for Fifth Straight Month
Major U.S. indexes rose today, led by the Dow, which added 332 points, or 0.8%. The S&P rose 0.7%, and the Nasdaq Composite advanced 0.5%. And for the week, the S&P 500 finished up 5.3%, the Nasdaq Composite rose 7.2%, while the Dow gained 3.4%. Charter Communications has reached a deal to buy Cox Communications for $21.9 billion. The combined company will change its name to Cox Communications.
WSJ What’s News
Consumer Sentiment in U.S. Falls for Fifth Straight Month
The merger will bring together two of the biggest broadband and cable operators in the U.S. at a time when cable giants are being squeezed from all sides, given tough competition from wireless carriers, frozen government subsidies for a Biden-era broadband construction program, and the decline of cable TV. And Boeing won't be prosecuted over violating an earlier criminal settlement.
WSJ What’s News
Consumer Sentiment in U.S. Falls for Fifth Straight Month
A tentative deal with President Trump's Justice Department would allow the aerospace company to avoid being labeled a felon. According to people familiar with the matter, Boeing would receive a non-prosecution agreement instead of having to plead guilty, which it had agreed to do toward the end of the Biden administration.
WSJ What’s News
Consumer Sentiment in U.S. Falls for Fifth Straight Month
The case stems from Boeing's admission that former employees deceived air safety regulators before two deadly crashes of 737 MAX jets in 2018 and 2019 killed 346 people. The lawyers for the families are expected to formally object to a non-prosecution agreement. The Justice Department didn't immediately respond to a request for comment.
WSJ What’s News
Consumer Sentiment in U.S. Falls for Fifth Straight Month
House Republican spending hawks blocked the party's giant tax and spending bill today, delivering President Trump a setback over disagreements on Medicaid, clean energy tax breaks, and budget deficits. The holdouts stopped the Budget Committee from advancing the legislation.
WSJ What’s News
Consumer Sentiment in U.S. Falls for Fifth Straight Month
The delay throws at least a temporary wrench in House GOP leaders' hopes to keep dissent in the party at bay, ahead of a self-imposed deadline of May 26th or Memorial Day. Meanwhile, Binance's billionaire founder Chengpeng Zhao, widely known as CZ, is pushing for a pardon from President Trump.
WSJ What’s News
Consumer Sentiment in U.S. Falls for Fifth Straight Month
We exclusively report that three top Democratic senators are asking the administration to detail its interactions with the crypto exchange's founder. Zhao served four months in prison last year after pleading guilty to violating anti-money laundering requirements.
WSJ What’s News
Consumer Sentiment in U.S. Falls for Fifth Straight Month
Consumer sentiment in the U.S. falls for a fifth straight month as inflation worries rise. Plus, universities are feeling the financial strain from President Trump's funding cuts.
WSJ What’s News
Consumer Sentiment in U.S. Falls for Fifth Straight Month
Wall Street Journal reporter Amrith Ramkumar told our tech news briefing podcast that the letter is the latest inquiry into potential conflicts of interest in the crypto industry, given the first family's financial ties to Binance.
WSJ What’s News
Consumer Sentiment in U.S. Falls for Fifth Straight Month
The White House has said there are no conflicts of interest. For more from Amrith, listen to today's episode of Tech News Briefing. Coming up, the Trump administration's funding cuts to universities are already starting to bite. That's after the break.
WSJ What’s News
Consumer Sentiment in U.S. Falls for Fifth Straight Month
President Trump's funding cuts are hitting home for universities from the Ivy League to state schools. Trump has pulled or threatened to pull billions of federal research dollars. He signed an executive order cracking down on foreign funding. And his fellow Republicans in Congress are considering higher taxes on endowment funds.
WSJ What’s News
Consumer Sentiment in U.S. Falls for Fifth Straight Month
Here to tell us about the effects of all that is Sarah Randazzo, who covers higher education for the journal. Sarah, what kind of hit have universities taken from this so far?
WSJ What’s News
Consumer Sentiment in U.S. Falls for Fifth Straight Month
And you write that the financial hit goes beyond what President Trump has pulled specifically. How is that?
WSJ What’s News
Consumer Sentiment in U.S. Falls for Fifth Straight Month
What have you been hearing from some of the people in charge?
WSJ What’s News
Consumer Sentiment in U.S. Falls for Fifth Straight Month
And how a tentative deal with the Justice Department could spare Boeing from a guilty plea over 737 MAX charges. It's Friday, May 16th. I'm Pierre Bien-Aimé for The Wall Street Journal, filling in for Alex Osola. This is the PM edition of What's News, the top headlines and business stories that moved the world today. Consumer sentiment in the U.S. has fallen to the second lowest number on record.
WSJ What’s News
Consumer Sentiment in U.S. Falls for Fifth Straight Month
That was Wall Street Journal reporter Sarah Randazzo. Thanks, Sarah.
WSJ What’s News
Consumer Sentiment in U.S. Falls for Fifth Straight Month
The private credit industry will roughly double in size over the next three years to $3 trillion. That's according to an estimate by Moody's. At the center of it are titans of private equity, Blackstone, Apollo Global Management and KKR, firms best known for buying and selling companies. They're now major lenders to businesses, and they compete head-on with traditional banks.
WSJ What’s News
Consumer Sentiment in U.S. Falls for Fifth Straight Month
Miriam Gottfried covers private equity and private markets for The Wall Street Journal, and she joins me now. Miriam, how is the private equity industry going about this expansion into lending?
WSJ What’s News
Consumer Sentiment in U.S. Falls for Fifth Straight Month
You write that private credit operates mostly outside the reach of regulators. What are the risks here?
WSJ What’s News
Consumer Sentiment in U.S. Falls for Fifth Straight Month
What are banks doing about this growing competition?
WSJ What’s News
Consumer Sentiment in U.S. Falls for Fifth Straight Month
Wall Street Journal reporter Miriam Gottfried. Miriam, thanks so much.
WSJ What’s News
Consumer Sentiment in U.S. Falls for Fifth Straight Month
And the chief prosecutor of the International Criminal Court, Kareem Khan, has decided to take leave until the completion of an investigation into sexual assault allegations against him by a female aide. Khan has denied any sexual misconduct.
WSJ What’s News
Consumer Sentiment in U.S. Falls for Fifth Straight Month
The Wall Street Journal reported last week that the aide testified to United Nations investigators that Khan had forcible sexual intercourse with her on multiple occasions. And that's what's news for this week. Tomorrow, you can look out for our weekly markets wrap-up, What's News in Markets.
WSJ What’s News
Consumer Sentiment in U.S. Falls for Fifth Straight Month
Then on Sunday, we're having a special two-part series looking at Target and how a boycott against the retailer's rollback of DEI policies may impact its business and the Black entrepreneurs relying on sales from Target's shelves. That's in What's News Sunday. And we'll be back with our regular show on Monday morning.
WSJ What’s News
Consumer Sentiment in U.S. Falls for Fifth Straight Month
Today's show was produced by Anthony Bansi with supervising producer Michael Kosmides. Michael LaValle wrote our theme music. Aisha Al-Muslim is our development producer. Scott Salloway and Chris Zinsley are our deputy editors. And Falana Patterson is The Wall Street Journal's head of news audio. I'm Pierre Bien-Aimé. Thanks for listening.
WSJ What’s News
Consumer Sentiment in U.S. Falls for Fifth Straight Month
The University of Michigan said its preliminary index of consumer sentiment for May fell to 50.8, a roughly 3 percent drop from April. American households felt worse about the economy, with sweeping tariffs raising the prospect of higher prices. Tariffs were spontaneously mentioned by nearly three-quarters of consumers, up from almost 60 percent in April.