The Journal. - The Wall Street Journal & Spotify Studios

Latest Episodes:

The Family Drama Inside Estée Lauder Nov 28, 2023

Show notes

Shares of Estée Lauder, the beauty giant, have plunged about 50% this year. And the members of the Lauder family are at odds about what to do. WSJ's Emily Glazer reports on the company's business mistakes and its rumblings of succession.

Further Listening:

- The World’s Richest Person Is Planning for Succession

Further Reading:

- The Estée Lauder Family Built a Beauty Empire. A Succession Rift Threatens It

- Estée Lauder Stock Plunges After Another Profit Warning

- Estée Lauder’s Big Bet on China Is Looking Not So Pretty

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The Fall of (Another) Crypto King Nov 27, 2023

Show notes

Changpeng Zhao built Binance into the world’s largest cryptocurrency exchange, and became one of the faces of crypto in the process. Last week, he appeared in federal court and pleaded guilty to violating U.S. anti-money-laundering laws and agreed to step down as CEO. WSJ’s Patricia Kowsmann explains what the deal means for Zhao, Binance, and the future of crypto itself.

Further Listening:

- The Trial of Crypto’s Golden Boy

- A Crypto Exchange Crackdown

- The Rise of Binance - And The Effort to Reel It In

Further Reading:

- Inside Binance’s Guilty Plea and the Biggest Fine in Crypto History

- The World’s Biggest Crypto Firm Is Melting Down

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Pig-Butchering: A Texting Scam With a Crypto Twist Nov 24, 2023

Show notes

We’re off today, but we still have a great episode for you. A texting scam that originated in China is on the rise in the United States. It’s more sophisticated than scams of the past, and it has already cost American victims more than $400 million. WSJ’s Robert McMillan explains how pig-butchering works, and one victim shares how it’s impacted her.

This episode originally published in November 2022.

Further Reading:

-A Text Scam Called ‘Pig Butchering’ Cost Her More Than $1.6 Million

-Online Scams Cost Americans Billions. Here’s How to Avoid the Worst of Them.

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Canned or Homemade? America’s Biggest Cranberry Company Wins Either Way Nov 22, 2023

Show notes

Ocean Spray’s farmers are responsible for 65% of the world’s cranberries. It’s not a publicly traded company. It’s not a traditional private company, either. It’s a cooperative founded nearly a century ago and owned by roughly 700 families. WSJ’s Ben Cohen tells the story of how the cranberry got into the can, and how the company is planning for a future beyond your Thanksgiving table.

Further Reading:

- These People Are Responsible for the Cranberry Sauce You Love to Hate

Further Listening:

- Are Rotisserie Chickens 'Inflation-Proof'?

- The Twinkie: From Bankruptcy to Billions

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Cheap Drones Are Transforming the Battlefield Nov 21, 2023

Show notes

Cheap drones, once the domain of hobbyists, are now in high demand on battlefields. Following Hamas's attack on October 7, Israel has been flooding suppliers with requests for drones: it wants as many as possible, as soon as possible. WSJ’s Heather Somerville unpacks the benefits and perils of the use of off-the-shelf drones in modern warfare.

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