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Descubre un mundo infinito de historias

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The Wall Street Journal & Spotify Studios

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

The Journal.

This morning, Paramount Skydance launched a $77.9 billion hostile takeover offer for Warner Bros. Discovery. It occurred just days after Warner had agreed to a $72 billion deal with Netflix. WSJ’s Joe Flint reports on the twists and turns of the battle to control Warner and, if Netflix succeeds, how it would change Hollywood. Ryan Knutson hosts. 

Further Listening:

- Will Paramount Settle With Trump? 

- She Swore Off Legacy Media. Now She's Running CBS News.

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Netflix’s Fight for Warner Just Got Harder

The Kremlin pitched the White House on peace in Ukraine through business deals. To Europe’s dismay, President Trump and his envoy are on board. WSJ’s Drew Hinshaw and Joe Parkinson take us inside the Trump administration's new approach to diplomacy with Russia and how it could shake up the U.S.'s longstanding alliances. Jessica Mendoza hosts.

Further Listening:

- Why Trump Is Ready to Send Missiles to Ukraine

- Inside the Hunt for Putin's Sleeper Agents

- The Suspected Russian Plot to Set Airplanes on Fire

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Learn more about your ad choices. Visit megaphone.fm/adchoices

Make Money Not War: Trump’s Plan for Peace in Ukraine

The U.S. wine industry hasn’t had it this bad since Prohibition. WSJ’s Laura Cooper reports from Sonoma County, California, a major region for American wine production, on why growers are drowning in unsold grapes, shrinking demand and trade-war fallout. Jessica Mendoza hosts.

Further Listening: 

- Who Wants Non-Alcoholic Beer? Everyone, Apparently. 

- Why Coke Isn't Getting Rid of High-Fructose Corn Syrup

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Learn more about your ad choices. Visit megaphone.fm/adchoices

California's Wine Industry Is in Crisis

As part of a year-long investigation, WSJ’s Shalini Ramachandran and Betsy McKay have been reporting on two of the most commonly prescribed psychiatric medications in America: benzodiazepines and antidepressants. These drugs weren’t intended for long-term use, but some Americans end up on them for years. Betsy and Shalini spoke to many patients who experienced the downsides. So a basic question popped up: Is America overmedicated?

Further Listening: 

- A Quick Fix for Hair Loss Is Making Some Men Sick

- Uncontrolled Substances, Part 1: Subscribe and Prescribe 

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Learn more about your ad choices. Visit megaphone.fm/adchoices

Is America on Too Many Psychiatric Drugs?

An escalating artificial intelligence race between China and the U.S. is drawing comparisons to the Cold War, and is likely to be just as consequential. As the technology barrels ahead from ChatGPT to DeepSeek and beyond, the competition is now primarily focused on advanced computer chips, but some worry that the race to innovate will lead to loosening safety regulations. WSJ’s Josh Chin explains China’s strategy to Ryan Knutson.

Further Listening: 

- CoreWeave, the Company Riding the AI Boom

- Is the AI Boom… a Bubble?

- What's the Worst AI Can Do? This Team Is Finding Out.

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Learn more about your ad choices. Visit megaphone.fm/adchoices

China and the U.S. Are in a Race for AI Supremacy

Quince is seemingly everywhere. Since launching in 2018, the brand has built an e-commerce empire that brings in $1.1 billion annually, and has catapulted to the top of the "dupe" economy. But the company’s strategy of making its own versions of best-selling products has run into some pushback from competitors. WSJ’s Chavie Lieber takes us inside Quince’s strategy and ensuing legal battles. Jessica Mendoza hosts.

Further Listening:

- Smucker, Trader Joe's and a Battle Over PB&Js

- Why Is Everyone Obsessed With Labubus?

- How Target Got Off Target

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Learn more about your ad choices. Visit megaphone.fm/adchoices

Inside Quince’s Quest to Sell Luxury Goods for Less

After Hermès heir Nicolas Puech announced his $15 billion fortune was missing, accusations started flying. Who had taken the money? Was it his handyman? His financial advisor? Puech himself? In this second episode, WSJ’s Nick Kostov reveals the answer in what could be the fraud of the century. Jessica Mendoza hosts.

Further Listening: 

The Case of the Missing $15 Billion Fortune: Part 1

The World's Richest Person Is Planning for Succession

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Learn more about your ad choices. Visit megaphone.fm/adchoices

The Case of the Missing $15 Billion Fortune: Part 2

Hermès is one of Europe’s most storied luxury brands, known for its Birkin bags and expensive silk scarves. One of the company’s biggest shareholders had been fifth-generation Hermès heir Nicolas Puech. But a few years ago, Puech made a shocking admission: he was out of money. And Puech’s Hermès shares, worth some $15 billion, were missing. In this first episode, WSJ’s Nick Kostov digs into one of the most baffling and epic financial sagas of this century. Jessica Mendoza hosts.

 

Further Listening: 

The World's Richest Person Is Planning for Succession

Are Diamonds Even a Luxury Anymore?

How a Miami Couple Used Empty Mansions to Pocket Millions

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Learn more about your ad choices. Visit megaphone.fm/adchoices

The Case of the Missing $15 Billion Fortune: Part 1

Pokémon cards are beating the benchmark S&P 500 and tech stocks like Meta. WSJ’s Krystal Hur has been talking with a few collectors that have hit it big thanks to some prized sparkly cardboard from their childhoods. But are there signs of a bubble and that we’re reaching peak Pikachu? Jessica Mendoza hosts.

Further Listening: 

- The $55 Billion Deal to Take EA Private

- GameStop and the Rise of the Reddit Investor

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Learn more about your ad choices. Visit megaphone.fm/adchoices

Is the Hottest Investment Pokémon Cards?

Kentucky Fried Chicken was once one of the biggest fast-food chain in America. Now, it’s battling declining U.S. sales as rivals attract customers with chicken sandwiches and tenders over KFC’s classic bucket of bone-in chicken. WSJ’s Heather Haddon reports on how the iconic chain is trying to turn things around. Ryan Knutson hosts. 

Further Listening: 

- Can Pepsi Make a Comeback? 

- McDonald’s Wants To Offer Quality And Value. Can It Do Both?

 

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Learn more about your ad choices. Visit megaphone.fm/adchoices

KFC Got Fried in the Chicken Wars. Can It Come Back?

Meta has gone all in on chatbots. The bots are capable of giving advice, answering questions and playing games with users. Some feature the licensed voices of some celebrities. But after months of testing, the Wall Street Journal found Meta's chatbots were also capable of engaging in graphic romantic roleplay, even with young users. Some people inside the company are concerned. Jeff Horwitz reports and Kate Linebaugh hosts for the last time.

Further Listening:

- Does Meta Have a Social Media Monopoly? 

- The Facebook Files 

Sign up for WSJ’s free What’s News newsletter. 

Learn more about your ad choices. Visit megaphone.fm/adchoices

The Battle Within Meta Over Chatbot Safety

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