Chapter 1: What is the main topic discussed in this episode?
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President Trump makes the case that the war in Iran is nearing an end, even as major attacks loom.
We're going to hit them extremely hard over the next two to three weeks. We're going to bring them back to the Stone Ages where they belong.
Plus, let the battle of the weight loss pills begin as Eli Lilly's pill gets approved. And could nursing be the ticket to the elusive modern middle class? It's Thursday, April 2nd. I'm Luke Vargas for The Wall Street Journal. And here is the AM edition of What's News, the top headlines and business stories moving your world today.
In an address to The Nation last night, President Trump made his case that the month-old war in Iran was in America's interests and that any economic pain stemming from it would be over soon. Journal national security correspondent Shelby Holliday tracked Trump's remarks for us.
The biggest point of confusion that President Trump tried to clear up during his speech seemed to be about the timeline of the war. He went out of his way to allay fears that the U.S. is being dragged into a prolonged conflict and that U.S. troops could be tied up in Iran for months or maybe even years.
Thanks to the progress we've made, I can say tonight that we are on track to complete all of America's military objectives shortly, very shortly.
He laid out the timelines for other previous wars, which I found to be interesting. And then he said, we've only been in Iran for 32 days.
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Chapter 2: What did President Trump say about the Iran war in his address?
We haven't needed it and we don't need it.
One of the other things I found to be interesting is he gave the Gulf countries a big shout out.
Israel, Saudi Arabia, Qatar, the UAE, Kuwait and Bahrain, they've been great and we will not let them get hurt or fail in any way, shape or form.
And I wasn't sure if that meant militarily, their infrastructure has been hit by missiles and drones and they've been attacked, or if it meant economically, because these countries export a lot of oil, most of their oil, through the Gulf and out of the Strait of Hormuz. The Gulf countries are very nervous that the U.S. could, you know, declare that mission is accomplished. They leave the region.
The Strait of Hormuz remains shut down or effectively controlled by Iran. And then their oil exports are held hostage. So he spoke to those concerns personally.
The countries of the world that do receive oil through the hormone straight must take care of that passage. They must cherish it. They must grab it and cherish it. They can do it easily. We will be helpful, but they should take the lead in protecting the oil that they so desperately depend on.
But he didn't promise or say whether the U.S. would help get oil shipments moving again, whether the U.S. would try to forcibly reopen the street or lead a convoy effort to get ships out. So he left a lot of questions unanswered.
Iran has been essentially decimated. The hard part is done, so it should be easy. And in any event, when this conflict is over, the Strait will open up naturally. It'll just open up naturally. They're going to want to be able to sell oil because that's all they have to try and rebuild. It will resume the flowing and the gas prices will rapidly come back down.
Well, Trump also predicted that stock prices will rapidly go back up and that the U.S. economy is, quote, strong and improving by the day. Though for now, investors seem to be bracing for continued disruption. U.S. stock futures began sliding during Trump's speech and remained down more than a percent heading into today's trading session.
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Chapter 3: How does Trump plan to address the ongoing conflict in the Strait of Hormuz?
While Rodriguez praised the shift as a significant step, other former Maduro officials remain under U.S. sanctions and face criminal drug trafficking charges. And China is building a new missile base in the South China Sea, resuming an island-building campaign after a nearly decade-long break.
Reporter Mike Cherney says the construction on Antelope Reef in the disputed Paracel Islands is occurring far closer to the Chinese mainland than past projects in the Spratly Islands, which are closer to the Philippines, but that that comes with its own advantages.
Building this island base out in the Paracels doesn't necessarily change the picture for the South China Sea dispute. However, these bases would be more useful in a Taiwan conflict versus their Spratly Island bases. The Spratly Island bases are further south. They would be more easily cut off. by China's enemies. And the facilities that they're building seem like there could be a runway.
This lagoon that has emerged could possibly hold submarines, Coast Guard ships, maybe even an aircraft carrier. So there is some military utility to this for Beijing.
Coming up, Eli Lilly's weight loss pill wins regulatory approval. And we'll look at the profession that's overtaken factory and office work as the new ticket to the middle class. Those stories and more after the break. Well, the weight loss drug battle is entering a new round after Eli Lilly yesterday won U.S. regulatory approval for its once-daily GLP-1 pill, Foundeo.
It will be going up against the pill version of Novo Nordisk's Wegovi, which went on sale at the start of the year in what turned out to be one of the best drug launches in history.
And while Foundeo showed more modest weight loss results in trials compared to the Wegovy pill, Lilly CEO Dave Ricks told CNBC that he thinks people will appreciate that it can be taken right after waking up and on an empty stomach.
Like other medicines, used to taking, whether it be a statin or a blood pressure medication or a diabetes medication, we just sort of take the pill in the morning and we don't have to think about other things. It doesn't have food effects. It can be just part of your regular routine. You can actually take it any time of day. If you take your medicines at night, that's OK, too.
Lilly has won a weight loss fight before, with its Zepbound and Manjaro injections now outselling the GLP-1 drugs that Novo Nordisk pioneered. Analysts are betting that Foundeo will generate about $21 billion in global sales for Lilly by 2030, compared with $4 billion for the WeGoV pill.
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