WSJ What’s News

P.M. Edition for May 18. A California jury sides against Elon Musk in his lawsuit against OpenAI and its CEO Sam Altman. The decision clears the path for OpenAI, the company behind ChatGPT, to go public. Plus, the Trump administration has created an unusual settlement fund for people who claim they have been victimized by the Justice Department. We hear from Journal reporter Ryan Barber on what we know about the fund and why it’s already getting pushback. And NextEra Energy has agreed to buy Dominion Energy in a $67 billion deal. Jennifer Hiller, who covers the power industry, says it would create the largest U.S. utility–but it’ll have to pass regulatory scrutiny first. Alex Ossola hosts.

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A.M. Edition for May 18. Commuters in New York face a day of chaos as the strike shutting the Long Island Rail Road goes into its third day. Plus the U.S. and China agree to launch boards of trade and investment. And while you may think fuel is expensive now, it could get a lot worse. Because global oil inventories are falling at a record pace and as WSJ correspondent Georgi Kantchev explains, that could send prices to all new highs. Daniel Bach hosts. 

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Inflation may have sunk the Democratic Party at the ballot box in 2024. But high prices at the grocery store and the gas station are now a problem for the GOP. According to the Labor Department, consumer prices in April saw their biggest year-over-year jump in three years and gasoline prices were up 28% from a year earlier. For our special What’s News series The Cost-of-Living Election, WSJ national politics reporter Sabrina Siddiqui met with voters and congressional candidates in and around Allentown, Pa., to uncover what stubborn inflation could mean for the area’s primary election this Tuesday. She then speaks with the sitting congressman for Pennsylvania’s 7th congressional district, Republican Rep. Ryan Mackenzie, about what he’s doing to address the rising cost of living.

Relevant links:

Tariffs’ Messy Reality: The Cost-of-Living Election | Part 1: Ohio

Inflation Soared to 3.8% in April, Driven by Gasoline Prices

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What drove an up-and-down week for chips stocks like Intel, Nvidia, Micron and Qualcomm? And what kind of clarity did crypto traders get from the Clarity Act advancing in the Senate? Plus, how are investors liking Klarna’s pivot away from “buy now, pay later”? Host Jack Pitcher discusses the biggest stock moves of the week and the news that drove them.

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P.M. Edition for May 15. After making a big bet on EVs for the U.S., Japanese carmaker Honda is now confronting some of its biggest challenges ever. WSJ autos reporter Sean McLain discusses the company’s options. Plus, U.K. bond markets were spooked today after left-wing Greater Manchester Mayor Andy Burnham opened a path to take on sitting Prime Minister Keir Starmer. The Journal’s Chelsey Dulaney joins us from London to break down why borrowing costs hit their highest level since 2008. And Anthropic raises another $30 billion ahead of its expected IPO, while SpaceX sets a date for its highly-anticipated stock-market debut next month. Alex Ossola hosts.

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