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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.

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?

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

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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

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

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

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?

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

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 

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

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

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?

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

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

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 

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

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

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

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

The Big Business of Holding Back Eighth-Graders

Stock markets are hitting record highs, the job market is doing fine and productivity is up. Yet many Americans are feeling strapped despite the positive data. WSJ’s Harriet Torry explains the contradictory signals. Jessica Mendoza hosts.

Further Listening: 

- The Energy Shock Is Here

- Germany’s Economy Is Spiraling. Can War Fix It?

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

The Economy Is Booming. Why Does It Feel Like a Bust?

The initial public offering for SpaceX crowned Elon Musk the world’s first trillionaire. WSJ’s Theo Francis takes us inside the staggering finances of the world’s richest man, and explores what the impact of his new status might be. Jessica Mendoza hosts. 

Further Listening: 

- Is SpaceX Worth the Hype?

- The Great IPO Frenzy of 2026

- Musk vs. Altman

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

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

The Rise of the World’s First Trillionaire

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

Sign up for the Markets A.M. newsletter, The Wall Street Journal's daily investing outlook.

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Why iPhones Will Probably Get Even More Expensive

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