On WSJ’s Take On the Week, co-hosts Gunjan Banerji and Telis Demos dive into what almost everyone on Wall Street is fixated on right now: rising bond yields. Then they explore what Disney’s potential merger with FuboTV means for streaming services and how sports and other live events are driving those deals. Telis also gears up for the Super Bowl. Well, his super bowl — bank earnings. JPMorgan, Bank of America, Wells Fargo and others report later this week. Later on, Peter Orszag, CEO of the asset manager and investment bank Lazard, joins the co-hosts to talk about what to expect when it comes to M&A dealmaking in 2025. Peter, who also served as the director of the Office of Management and Budget in the Obama administration, also talks about prospective tariffs, how the dealmaking landscape may change in a second Trump administration, and about the proposed Elon Musk and Vivek Ramaswamy-led advisory council, Department of Government Efficiency, or DOGE. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at [email protected]. Further Reading For more coverage of the markets and your investments, head to WSJ.com, WSJ’s Heard On The Street Column, and WSJ’s Live Markets blog. Learn more about your ad choices. Visit megaphone.fm/adchoices

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“What did the council decide on item 42?” — answered with the speaker and the moment.