The most important stories about money, business and power. Hosted by Ryan Knutson and Jessica Mendoza. The Journal is a co-production of Spotify and The Wall Street Journal.
Get show merch here: https://wsjshop.com/collections/clothing
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The most important stories about money, business and power. Hosted by Ryan Knutson and Jessica Mendoza. The Journal is a co-production of Spotify and The Wall Street Journal.
Get show merch here: https://wsjshop.com/collections/clothing
Copyright: Copyright © Dow Jones & Company, Inc. All rights reserved.
A gang of young criminals. A more than $30 million ransom. Casinos in disarray. WSJ’s Robert McMillan brings us inside a cyberattack that brought mayhem to the Las Vegas Strip.
Further Reading:
- The Audacious MGM Hack That Brought Chaos to Las Vegas
Further Listening:
- How North Korea’s Hacker Army Stole $3 Billion in Crypto
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Caitlin Ostroff and Rachel Humphreys attend Sam Bankman-Fried’s sentencing hearing and parse through the reasoning behind Judge Lewis Kaplan’s ruling and what a 25 year sentence could mean for the former CEO of FTX.
Further Listening:
- The Trail of Crypto’s Golden Boy
Further Reading:
- Sam Bankman-Fried Faces Lengthy Sentence-And Long Odds On Appeal
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Not long ago, Donald Trump’s social-media company, Truth Social, seemed like it was on life support. But when the company went public this week, its stock soared. WSJ’s Amrith Ramkumar explains how Truth Social’s valuation shot up despite its weak revenue and user numbers, and what it could mean for Trump’s financial and political future.
Further Reading:
- Truth Social Stock Price Surges on First Day of Trading, Increasing Trump’s Fortune
- Trump Can Post Smaller $175 Million Bond in Civil Fraud Case
- Dear Donald Trump, Here’s How to Manage Your Stock-Market Fortune
Further Listening:
- Trump Needs $450 Million He Doesn’t Have
- Biden vs. Trump: The Rematch Nobody Wants
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Early Tuesday morning, a 1,000-foot container ship lost power and plowed into the Francis Scott Key Bridge leaving six people still unaccounted for. The bridge collapsed, cutting off the port and a major traffic artery for Baltimore. WSJ’s Cameron McWhirter discusses the potential impact of the collapse on the local community and the wider region.
Further Reading:
-Baltimore Bridge Crash Investigators to Examine Whether Dirty Fuel Played Role in Accident
-Bridge Collapse Resets U.S. Supply Chains
-How a Night Shift on Baltimore Bridge Turned Deadly
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Caitlin Ostroff and Rachel Humphreys dive into a mountain of court filings to understand the arguments that will be made at Sam Bankman-Fried’s sentencing hearing. His defense team is arguing for a 6-year sentence, but the government thinks Bankman-Fried should serve 40 to 50 years. Which side will win out?
Further Listening:
- The Trail of Crypto’s Golden Boy
Further Reading:
- Sam Bankman-Fried Faces Lengthy Sentence-And Long Odds On Appeal
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Bayer is throwing out the corporate playbook to try a radical experiment: getting rid of a huge swath of its bosses. After years of tumbling stock prices, the company has decided to give workers more decision-making power. WSJ's Chip Cutter talks about how this boss-less plan is being implemented among Bayer's 100,000 employees.
Further Reading:
-One CEO’s Radical Fix for Corporate Troubles: Purge the Bosses
-The Boss Wants to Make You More Efficient
Further Listening:
-The New Layoff: On a Wednesday On Zoom
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We’re back for Sam Bankman-Fried’s sentencing. After the crypto golden boy was found guilty on all counts in November, this week he’ll find out how long he will serve in federal prison. Caitlin Ostroff and Rachel Humphreys get an insight into Bankman-Fried’s life for the past few months, from unappetizing prison food to tutoring inmates.
Further Listening:
- The Trial of Crypto’s Golden Boy
Further Reading:
- Sam Bankman-Fried’s Life Behind Bars: Crypto Tips and Paying With Fish
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The Department of Justice announced a landmark lawsuit against Apple, alleging that it has built a monopoly in smartphones by thwarting innovative apps and accessories that would make users less dependent on Apple’s technology. WSJ’s Tim Higgins breaks down the lawsuit and what it could mean for the company and its CEO Tim Cook.
Further Reading:
- Ghost of Microsoft Stalks Apple as DOJ Takes Its Shot
- Monopoly Case Pits Justice Department Against Apple’s Antitrust Winning Streak
Further Listening:
- One Company’s Quest to Burst Apple’s Blue Bubble Texts
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Donald Trump’s finances are under stress. He faces a $454 million judgment against him in a civil-fraud case. Meanwhile, his campaign fundraising is trailing President Biden’s. WSJ’s Peter Grant unpacks the developments and a potential windfall for Trump.
Further Reading:
-Trump Is in a Race Against Time to Protect His Fortune
-Trump Makes a New Fortune With Truth Social Listing
Further Listening:
-Biden vs. Trump: The Rematch Nobody Wants
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This week, the Supreme Court is considering whether the Biden administration unlawfully pressured tech companies to suppress social media posts opposed to Covid vaccines. We talk to WSJ’s Jess Bravin about the latest in a series of cases that could set important ground rules for free speech and online content moderation.
Further Reading:
- Covid-Era Case on Free Speech to Test Supreme Court
- Supreme Court Voices Skepticism Over Social-Media Censorship Claims Against Government
Further Listening:
- Inside One Publisher’s Fight Against Book Bans
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