The Journal. - The Wall Street Journal & Spotify Studios

Latest Episodes:

Can a Hedge Fund Win the World Series? May 23, 2022

Show notes

Billionaire hedge-fund manager Steve Cohen is trying to duplicate his financial success in his other major venture as owner of the New York Mets baseball team. And to do so, he’s calling on some of the same people. WSJ’s Juliet Chung and Jared Diamond explain why some of Cohen’s hedge-fund employees are moonlighting for his team.

Further Reading:

- Steve Cohen’s Secret Weapon for the Mets: His Hedge Fund

Further Listening:

- The Labor Dispute That Has Baseball on Hold

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How the Baby Formula Industry Broke May 20, 2022

Show notes

The U.S. is facing a massive shortage of baby formula. WSJ’s Jesse Newman explains how the roots of the crisis lie in the industry’s structure. And a mother in Kentucky describes her desperate search for formula for her son.

Further Reading:

- Why the Baby-Formula Market Is a Mess: Low Competition, High Regulation

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U.S. Soccer’s Equal Pay Deal and One Player Who Helped Negotiate It May 19, 2022

Show notes

The four-time World Cup-champion U.S. Women's National Soccer team has scored a new win: equal pay with the men's team. Collective-bargaining agreements between the women's and men's national teams and the United States Soccer Federation align the teams’ pay and create a unique mechanism to share prize money from their respective World Cup competitions. We talk to U.S. Women’s Soccer player Tierna Davidson about the landmark agreement and her role negotiating it.

Further Reading:

- U.S. Women’s and Men’s Soccer Teams Will Receive Equal Pay Under New Labor Deals

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The ‘Death Spiral’ of a Stablecoin May 18, 2022

Show notes

Cryptocurrencies are volatile, but so-called stablecoins were meant to be the exception. But after one major stablecoin, TerraUSD, crashed spectacularly, it caused ripple effects in cryptoland. WSJ’s Caitlin Ostroff explains why regulators are spooked, and what this could mean for the broader economy.

Further Reading:

Crash of TerraUSD Shakes Crypto. ‘There Was a Run on the Bank.

Cryptocurrency TerraUSD Falls to 11 Cents, Creator Announces Rescue Plan

Further Listening:

Bitcoin Comes Untethered

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How Will We Know When the Pandemic's Over? May 17, 2022

Show notes

We speak with Rochelle Walensky, director of the Centers for Disease Control about eroding trust in public health, vaccine approvals for children under 5 and the one million Americans who have now died from COVID-19.
Further Listening:
The Future of Everything Festival

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The Political Cost of China's Faltering Economy May 16, 2022

Show notes

China’s sputtering economy is altering the balance of power among its top leaders. For years, President Xi Jinping sidelined his second in command, Premier Li Keqiang, a proponent of economic liberalization. WSJ’s Lingling Wei explains that Li is now gaining clout and pushing back on Xi's socialist policies.

Further Reading:

- China’s Economic Distress Deepens as Lockdowns Drag On

- China’s Forgotten Premier Steps Out of Xi’s Shadow as Economic Fixer

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Why An Online Telehealth Startup Is Limiting Adderall May 13, 2022

Show notes

The digital startup Cerebral began prescribing ADHD drugs like Adderall over the internet, after federal rules loosened. But recently, there have been concerns from inside and outside the company that Cerebral was not careful enough. Now the company has stopped prescribing Adderall to new patients. WSJ's Rolfe Winkler reports.

Further Reading:

-Startups Make It Easier to Get ADHD Drugs. That Made Some Workers Anxious.

-Cerebral Receives Subpoena From Federal Prosecutors

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Fidelity’s Controversial Bet on Bitcoin May 12, 2022

Show notes

Fidelity Investments will be the first major retirement-plan provider to allow bitcoin in its 401(k) plans. WSJ's Anne Tergesen explains the move and the blowback that followed.

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