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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.

Celebrities and ultrawealthy people are spending millions on advanced military-style tactics to keep their weddings private, including security, fake-out venues, airtight NDAs and secret tunnels. WSJ’s Chavie Lieber takes us inside the growing wedding security industrial complex as rumors circulate around the wedding of Taylor Swift and Travis Kelce at historic Madison Square Garden. Jessica Mendoza hosts. 

Further Listening: 

- The Taylor Swift Ticketmaster Debacle

- Taylor Swift’s Push to Change Music Ownership

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The Booming Industry Keeping Taylor Swift's Wedding a Secret

Microsoft’s CEO Satya Nadella recently wrote a blistering essay criticizing how the race for AI supremacy has played out, and specifically called out tech leaders’ dire prophecies about job losses. Nadella says the industry needs to figure out a path forward that is more beneficial to everyone, not just the biggest AI companies. WSJ's Bradley Olson, who spoke with Nadella in an exclusive interview, says that there might be a business calculus behind his message. Ryan Knutson hosts.

Further Listening:

- The Era of AI Layoffs Has Begun

- How AI Is Being Trained to Do Your Job

- The ‘Class of AI’ Enters the Workforce

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Microsoft’s CEO Has a Message: Don’t Let AI Eat the Economy

The Supreme Court struck down President Trump’s attempt to curtail birthright citizenship, rebuffing the administration’s plans to upend the longstanding guarantee that virtually everyone born on American soil is a U.S. citizen. WSJ’s James Romoser unpacks the unexpectedly close decision, and the other wins conservatives have had at the court over the past year. Jessica Mendoza hosts. 

Further Listening: 

- Will Trump's Tariffs Survive the Supreme Court?

- How Do You Refund $166 Billion?

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The Supreme Court and Trump: From Birthright to Presidential Power

Many small towns across the country added GLP-1 weight-loss drugs to their employee health insurance plans. Now, some of those towns are being hit with huge unexpected premiums as use of the drugs continues to grow. Imani Moise speaks to a selectwoman from Belchertown, MA who helped navigate her town through a devastating bill and WSJ’s Owen Tucker-Smith takes us through the economics for towns around the country. 

Further Listening:

- Trillion Dollar Shot

- Novo Nordisk's CEO Has a Comeback Plan

- Ozempic Is a Hit. So Why Is the Drugmaker’s CEO Out?

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Weight-Loss Drugs Are Gobbling Up Small Town Budgets

This past summer, employees at OpenAI had a meeting. On the table were about 10 cases where users discussed violence. Months later, one of those users committed one of the deadliest mass shootings in Canadian history. Sam Altman wrote an apology letter to the devastated town of Tumbler Ridge. WSJ’s Georgia Wells reports on why OpenAI resisted internal calls to alert law enforcement. Ryan Knutson hosts.

Further Listening:

- A Troubled Man and His Chatbot 

- Artificial: The OpenAI Story

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Inside a Debate at OpenAI Over Mass Shootings

For 70 years, McDonald’s and Coca-Cola have teamed up as fast food juggernauts. WSJ’s Heather Haddon and Laura Cooper explore how changing consumer tastes and increasing competition are challenging their iconic brand partnership. Imani Moise hosts.

Further Listening:

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

- 'It Came out of Nowhere': The Rise of Dr Pepper

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

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

McDonald’s and Coke's Marriage Might Need a Refresher

Former Fed Chairman Alan Greenspan died this week at the age of 100. He was a towering figure in modern finance who oversaw unprecedented growth in the US economy. But Greenspan was also blamed for stripping away safeguards that might have prevented the Great Recession. WSJ’s Nick Timiraos explains that while Greenspan retired two decades ago, his ideas are providing a model for the new Fed chairman Kevin Warsh. Ryan Knutson hosts.

Further Listening:

- Who Is the New Fed Chair?

- Barney Frank’s Legacy of Financial Reform 

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Why Alan Greenspan Is Key to Understanding Today’s Fed

Israeli Prime Minister Benjamin Netanyahu has cultivated a close relationship with President Donald Trump. But in recent weeks Trump has grown frustrated with Netanyahu over the war with Iran. The relationship has major ramifications for a region on the cusp of a potential peace deal, whose future could be undone by further military attacks by Israel. WSJ’s Josh Dawsey takes us inside the complex dynamic between the two leaders. Ryan Knutson hosts.

Further Listening:

- Iran Thinks It’s Winning the War

- Israel Wants "Decisive Victory" in Iran. Is It Succeeding?

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Inside Trump and Netanyahu’s Complicated Relationship

Artificial intelligence is driving up the cost of the chips inside your iPhone. In an exclusive interview, Apple CEO Tim Cook warned that price increases are “unavoidable.” WSJ’s Rolfe Winkler breaks down how AI companies’ race for memory and storage has sent chip prices soaring, forcing Apple to choose between shrinking profits and charging customers more. Ryan Knutson hosts.

Further Listening:

- Tim Cook Built the Apple Empire. What’s Next for His Successor? 

- The Nvidia CEO’s Quest to Sell Chips in China 

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Why iPhones Will Probably Get Even More Expensive

Holding students back in school once came with a negative connotation. But with college athletes now able to earn endorsement deals, they are preparing younger and younger to be recruited and potentially get paid. WSJ's Harriet Ryan reports on the rise of special middle schools where students hold themselves back on purpose so they can grow, develop and mature before high school. Ryan Knutson hosts. 

Further Listening:

- Inside the Black Market for High School Football Players- NCAA President on a New Era for College Sports - How Gamblers Are Rigging College Basketball

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The Big Business of Holding Back Eighth-Graders

2026 is set to be a monster year for tech IPOs. SpaceX hit the market with a blockbuster $1.77 trillion valuation while Anthropic and OpenAI are set to go public later this year. WSJ’s investing columnist Spencer Jakab takes us inside the IPO bonanza and explores the risks potentially hiding behind all the hype. Jessica Mendoza hosts. 

Further Listening: 

- Is SpaceX Worth the Hype?

- Musk vs. Altman

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The Great IPO Frenzy of 2026

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