On Monday, Bob Bakish stepped down as CEO of Paramount, one of America’s most iconic media companies. WSJ’s Jessica Toonkel reports on how Bakish’s relationship with Shari Redstone, chair of Paramount, has deteriorated amidst one of the messiest merger dramas in recent history.
Further Reading:
- A Media Heiress’s Bid to Sell Sets Off Mayhem Inside Paramount
- How Bob Bakish, the Anti-Mogul CEO, Struggled to Rescue Paramount
- Shari Redstone’s Path to Power
Further Listening:
- Why Buying Paramount Global Won’t Be Easy
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Donald Trump's allies have drafted plans to curb the Federal Reserve’s independence, should Trump win a second term. WSJ’s Andrew Restuccia unpacks the proposals, which include giving the president a say in interest-rate decisions.
Further Reading:
-Trump Allies Draw Up Plans to Blunt Fed’s Independence
-Why Inflation Is Biden’s Most Stubborn Political Problem
-Even If the Fed Cuts, the Days of Ultralow Rates Are Over
Further Listening:
-Why the Fed Is Steering Away From Rate Cuts
-The Man Who Waged War on Inflation
-The President, the Fed, and the Cut
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For almost a decade, Amazon staff went undercover on Walmart, eBay and other marketplaces selling products under the guise of a company called ‘Big River.’ WSJ’s Dana Mattioli reports on the secret arm of Amazon that surreptitiously gathers intelligence on its competitors.
Further Reading:
-Inside Amazon’s Secret Operation to Gather Intel on Rivals
-Inside Amazon’s Push to Crack Trader Joe’s—and Dominate Everything
Further Listening:
-TikTok Wants to Be More Like Amazon. Amazon Wants to Be More Like TikTok.
-What Is Amazon’s Secret ‘Project Nessie’?
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Jamie Dimon discusses his concerns about the future of the economy, the effect of overseas wars and the importance of U.S. leadership in a wide-ranging interview with WSJ’s Editor-in-Chief Emma Tucker.
Further Watching:
-Jamie Dimon on the Economy, Geopolitical Risks and AI: Full Interview
Further Listening:
-Why the Fed Is Steering Away From Rate Cuts
-Janet Yellen on Inflation and the U.S. Economy
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With a fresh round of pro-Palestinian protests sweeping campuses nationwide, university administrators are cracking down. WSJ’s Melissa Korn explains what students are demanding and what it could mean for campus life going forward.
Further Reading:
-At Columbia, Discontent Grows Over Shafik’s Handling of Crisis
-Pro-Palestinian Protests Force Colleges to Rethink Graduation Plans
Further Listening:
-Big Donors Clash with Universities Over Antisemitism, Free Speech
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Less than six years after a Supreme Court ruling paved the way for legal sports gambling, U.S. sports leagues are facing an onslaught of betting scandals. The latest example is Jontay Porter, a little-known NBA player, who has been given a lifetime ban for betting on games. WSJ’s Jared Diamond unpacks how major leagues are confronting the darker sides of sports betting with alarming frequency.
Further Reading:
-NBA Player Banned for Life for Betting on Games
-America Made a Huge Bet on Sports Gambling. The Backlash Is Here.
Further Listening:
-How a Psychiatrist Lost $400,000 on Gambling Apps
-FanDuel CEO on Sports Gambling's Big Boom
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Over the course of 19 days, U.S. officials raced to contain escalating tensions between Israel and Iran amid a series of attacks. WSJ’s Michael R. Gordon on what was going on behind the scenes as the White House worked to prevent a bigger conflict.
Further Reading:
-Inside the White House’s Frenetic Scramble to Avert a Full-Blown Middle East War
-How the U.S. Forged a Fragile Middle Eastern Alliance to Repel Iran’s Israel Attack
Further Listening:
-A Deadly Strike on Aid Workers in Gaza
-A Deadly Drone Attack and Iran’s ‘Axis of Resistance'
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Former President Donald Trump is expected to spend the next six weeks in a Manhattan courtroom, defending himself against accusations he covered up a hush-money payment to porn star Stormy Daniels. WSJ’s Corinne Ramey was in the courtroom for opening statements and WSJ’s Molly Ball unpacks what this trial could mean for Trump’s 2024 presidential campaign.
Further Reading:
-Trump’s Hush-Money Trial: What to Know as the Case Begins
-Donald Trump Played Central Role in Hush Payoffs to Stormy Daniels and Karen McDougal
Further Listening:
-Donald Trump Is Charged on 34 Felony Counts
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Reports of freight fraud are on the rise, vexing trucking companies and regulators. And victims say that they aren’t getting any real help from law enforcement. WSJ’s Inti Pacheco unpacks one form of this fraud, called double brokering, and a trucking executive explains his personal efforts to stop the scammers.
Further Reading:
- A Brazen Yogurt Heist Shows How Cyber Gangs Are Hijacking U.S. Goods
- Growing Freight Fraud is Peeling Millions From the U.S. Shipping Market
Further Listening:
- Nike’s Sneaky Sneaker Thieves
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It’s not just the cost of buying a home that’s going up. It’s also the hidden costs — like taxes, maintenance and insurance — that are going through the roof. WSJ’s Nicole Friedman explains why these prices are rising so fast, and what it means for the housing market.
Further Listening:
-'It's on Fire': Why the Housing Market Is Booming
Further Reading:
-The Hidden Costs of Homeownership Are Skyrocketing
-Home Buyers Are Ready to Buy. But Sellers Aren’t Selling.
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Yesterday, Federal Reserve Chair Jerome Powell called into question whether the Fed will be able to lower interest rates this year as hoped. WSJ’s Nick Timiraos on how the Fed’s outlook on the economy has changed.
Further Reading:
- Powell Dials Back Expectations on Rate Cuts
- Fed Rate Cuts Are Now a Matter of If, Not Just When
Further Listening:
- Janet Yellen on Inflation and the U.S. Economy
- Inflation Is Down. Unemployment Is Low. Is This a Soft Landing?
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