P.M. Edition for Sept. 2. Kraft Heinz plans to separate its business into two companies, unwinding a decade-old food-industry megamerger. WSJ reporter Jesse Newman joins to discuss why the company is splitting up and what it means for some of consumers’ favorite packaged-food brands. Plus, data centers driving the artificial intelligence boom are making more requests to connect to the U.S. electric grid—even though not all of them may get built. WSJ reporter Jennifer Hiller tells us why that might leave other customers footing the bill. And a federal judge finds the Trump administration’s deployment of troops in Los Angeles was illegal. Alex Ossola hosts.
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Trump Family Raises $5 Billion Fortune With New Cryptocurrency
A.M. Edition for Sept. 2. The launch of WLFI has produced a major windfall for Trump’s family with WSJ crypto reporter Angus Berwick saying the currency is likely more valuable than Trump’s entire property portfolio. Plus, a new WSJ-NORC poll reveals a record low optimism about improving living standards in the U.S., with more then two thirds of respondents no longer believing in the adage that if you work hard you will get ahead. And an increasing number of Americans are returning positive fentanyl results in random workplace testing. Azhar Sukri hosts.
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Why Bosses Have Had It With Office Activists
P.M. Edition for Aug. 29. This week, Microsoft became the latest company to crack down on political dissent among its employees. We hear from WSJ reporter Lindsay Ellis on why corporate leaders are adopting a new, harder-line playbook for dealing with political debate at work. Plus, the Trump administration said it’s using an untested strategy to rescind about $5 billion in foreign aid without congressional approval. Journal congressional reporter Siobhan Hughes discusses the backlash on the Hill and what’s at stake. And Kraft Heinz nears a breakup, a move that would undo an infamous 2015 merger. Alex Ossola hosts.
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Alibaba Develops a New AI Chip to Fill Nvidia Void
A.M. Edition for Aug 29. Alibaba’s new chip will be made in China and seeks to offer an alternative to Nvidia’s H20, as local companies work to build up an arsenal of homegrown technology. Plus, President Trump’s trade policy, as well as higher commodity costs, are starting to trickle down to Americans’ wallets, with a number of major U.S. firms saying they are raising prices on household staples. And WSJ columnist James Mackintosh explains why markets aren’t panicking about President Trump’s efforts to remove the Federal Reserve’s Lisa Cook. Azhar Sukri hosts.
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How Chinese Money Launderers Are Moving Billions Through U.S. Banks
P.M. Edition for Aug. 28. The Treasury Department has put out a report about a Chinese money laundering network that has moved billions of dollars through U.S. banks, and how that money is being used to support criminals like Mexican drug cartels. WSJ reporter Dylan Tokar joins to discuss how the network functions, and what the Trump administration is planning to do about it. Plus, Federal Reserve governor Lisa Cook files a lawsuit over President Trump’s attempt to fire her. And starting at midnight tonight, shipments of goods to the U.S. worth $800 or less will be subject to tariffs. We hear from Journal reporter Esther Fung about who will be footing the bill. Alex Ossola hosts.
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What's News brings you the biggest news of the day, from business and finance to global and political developments that move markets. Get caught up in minutes twice a day on weekdays, then take a step back with our What’s News in Markets wrap-up on Saturday and our What’s News Sunday deep dive.
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