Sabrina Siddiqui

economy, joins us now to discuss.

Chow, you write that economists feel the inflation rate might be understated in this report.

Why is that?

And what's the thinking around how this affects the Fed's approach to interest rates?

That was The Wall Street Journal's Chao Deng.

Stock markets turned higher after the inflation reading, with the Nasdaq leading the gains and closing up 1.4%.

The S&P and Dow both rose by less than 1%.

Trump Media and Technology Group will merge with fusion energy company TAE Technologies in a merger valued at $6 billion.

The merger would split ownership of the combined company roughly down the middle.

With this deal, President Trump's media company aims to capitalize on the artificial intelligence boom's need for power.

The combined company says it'll start building a fusion power plant next year and hopes to generate its first power in 2031.

But fusion energy isn't yet considered to be commercially viable.

Trump Media is the parent company of the Truth Social platform where the president posts frequently.

Its shares rose 42% today, but for the year, the stock is still down by 56%.

For more on how the Trump family's business empire is growing, visit WSJ.com to read a story that maps it all out.

We'll leave a link in the show notes.

In more M&A news, Hogan Lovells and Cadwallader will merge to form a $3.6 billion firm with over 3,000 lawyers.

The combined company would be the fifth largest law firm by revenue.

Partners at both firms will vote next year to finalize the deal.

There's been a consolidation trend in the legal industry, driven by pressure to compete for market share and talent.