The Journal.

Something strange happened in the US financial system earlier this week: the stock market, the bond market, and the value of the dollar all slumped. This volatility andrecent threats to fire Fed chief Jerome Powell are unnerving foreign investors, who are flocking to a new phenomenon called the Sell America trade. WSJ’s Chelsey Dulaney explains what Sell America means for decades of American finance primacy. Jessica Mendoza hosts. Further Listening: -Trump’s Tariffs Force a New Era in Global Trade -Trump Allies Draft Plans to Rein in the Fed Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

President Donald Trump has been on an escalating campaign to reorder elite higher education. The administration’s Anti-Semitism Task Force has frozen billions of dollars in federal funding after Harvard refused to comply with their demands. WSJ’s Douglas Belkin on the showdown between America’s most prominent university and the U.S. president. Jessica Mendoza hosts. Further Listening: - Trump's College Crackdown Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Earlier this year, Harvard scientist Kseniia Petrova landed at Boston Logan Airport with samples of frog embryos in her luggage. Those samples cost Petrova her visa and kickstarted an asylum claim that landed her in an ICE detention facility in Louisiana. WSJ’s Michelle Hackman explains that Petrova’s case represents an aggressive shift in the Trump administration’s stance towards immigrants with visas. Jessica Mendoza hosts. Further Listening: -Trump 2.0: Trade Wars and Deportation Battles -A New Phase in Trump’s Immigration Fight Sign up for WSJ’s free What’s News newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

On Monday morning, Pope Francis died at 88. The first South American to hold the office, he was known for his commitment to social and economic justice. WSJ’s Margherita Stancati discusses Francis’ legacy and explains what happens next for the Catholic Church. Jessica Mendoza hosts. Further Listening: - The Return of Religious Films to Hollywood - The Mormon Church's $100 Billion Secret Fund Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

When Colorado became one of the first states to legalize recreational marijuana, a community called Pueblo stepped forward hoping to become the 'Napa Valley of Cannabis'. WSJ’s Julie Wernau visited the town to explore the cannabis boom that promised new jobs and tax revenue, and found an industry that had gone bust, with local residents struggling to find a way forward. Jessica Mendoza hosts. Further Listening: -The Highs and Lows of Diversifying the Cannabis Industry Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Mark Zuckerberg is in court defending Meta against a Federal Trade Commission case that alleges the company wields an illegal monopoly in social media. It's a trial that could force the tech giant to potentially break itself up by selling Instagram and WhatsApp. WSJ’s Dana Mattioli explains how Zuckerberg’s efforts to get close to President Donald Trump hasn’t kept the company safe, while Jan Wolfe is in D.C. court watching the play-by-play. Jessica Mendoza hosts. Further Listening: - FTC Chair Lina Khan on Microsoft Merger, ChatGPT and Her Court Losses - 'The Facebook Files' from The Journal. - Why the FTC is Challenging a $25 Billion Supermarket Merger Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

After years of trying to revive his flailing social media company, Elon Musk has pulled off a turnaround at X. It comes after Musk decided to merge X with his artificial intelligence company xAI. The deal values the newly combined business at more than $100 billion. WSJ’s Alexander Saeedy explains how Musk has pulled the app formerly known as Twitter back from the brink of bankruptcy, thanks in part to his proximity to President Donald Trump. Jessica Mendoza hosts. Further Listening: The Musk-Twitter Saga -- from The Journal. Trump 2.0: The Musk-Trump Bromance Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Hong Kong-based company CK Hutchinson, led by billionaire Li Ka-shing, recently announced a deal to sell majority stakes in two ports on the Panama Canal. The deal with a consortium of investors led by BlackRock pleased President Donald Trump, after he had expressed interest in regaining control over the canal. But, as WSJ’s Rebecca Feng reports, the $22.8 billion deal also angered Chinese leader Xi Jinping, who saw the ports as a bargaining chip with the United States. Allison Pohle hosts. Further Listening: - China Unleashes a Trade War Arsenal - The Trade War With China Is On Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Telehealth companies make hair loss drugs easy to get. They also don’t have to disclose side effects in ads. WSJ’s Rolfe Winkler reports that some young men say they are suffering serious health consequences, and that they didn’t understand the risks. Kate Linebaugh hosts. Further Listening: - Testosterone Clinics Sell Virility. Side Effects Sometimes Included. - ‘Uncontrolled Substances’ from The Journal. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

After decades of fighting Coca-Cola to be the nation’s favorite soda, Pepsi dropped to third place, after Dr Pepper. Now PepsiCo needs to win back soda drinkers . WSJ’s Laura Cooper reports that after years of focusing on potato chips and energy drinks, the company’s new beverage head Ram Krishnan is trying to refocus PepsiCo on drinks, in part with an agreement to purchase prebiotic soda brand Poppi. Allison Pohle hosts. Further Listening: - ‘It Came out of Nowhere’: The Rise of Dr Pepper - The Fight to Kick Soda Out of Food Stamps - PepsiCo’s New Healthy Diet: More Potato Chips and Soda Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Kate Linebaugh and Molly Ball go behind the scenes of the administration’s tariff pause. We dive deep with WSJ’s Josh Dawsey, exploring the tension in the days after the announcement and what really changed the president’s mind. Plus, your questions! Further Listening: - China Unleashes a Trade War Arsenal - The Tariff Trade Off: Jobs vs. Higher Prices - Wall Street Speaks Out Against Tariffs Sign up for WSJ’s free What’s News newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

In the early days of President Trump’s second term, China was ready to negotiate on trade. Then came Liberation Day. Now China is ready with a trade war arsenal taking aim at U.S. companies. WSJ’s Lingling Wei explains how China is gearing up for an extraordinary conflict with no immediate exits. Kate Linebaugh hosts. Further Listening: - Trump’s Tariffs Force a New Era in Global Trade - The Trade War With China Is On Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

President Trump has a new vision for the Environmental Protection Agency that significantly rolls back environmental regulations. Kate Linebaugh speaks to the man overseeing that vision— Administrator Lee Zeldin, about his plans and new approach to environmental governance. Further Listening: - The Fight Over Fluoride - Hot, Dry and Booming: A Texas Climate Case Study - Why Microsoft Wants Three Mile Island's Nuclear Power Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

President Trump is ramping up his long-planned tariff war, promising to restore “Boomtown USA.” Before the start of the president’s first term, one small town made a bid to revive its manufacturing glory days. After a foreign company came to town, it made some headway. WSJ’s Chao Deng explores the story of Newberry, South Carolina. Further Listening: - Wall Street Speaks Out Against Tariffs - Trump 2.0: Trade Wars and Deportation Battles - Trump’s Tariffs Force a New Era in Global Trade Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Last week, U.S. stocks lost $6.6 trillion in value during a two-day washout after President Trump announced large tariffs on countries around the world. As markets continue to swing, Wall Street leaders are speaking out, including billionaire investor Bill Ackman and JPMorgan Chase executive Jamie Dimon. Host Kate Linebaugh talks with Gregory Zuckerman about the market chaos and how investors are responding. Further Listening: -Trump’s Tariffs Force a New Era in Global Trade -Trump 2.0: Trade Wars and Deportation Battles Sign up for WSJ’s free What’s News newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

For decades, the majority of Americans have been drinking tap water with added fluoride to improve oral health. But WSJ’s Kris Maher says that backlash to fluoride is spreading. Nearly 20 communities have halted the practice since October and Utah has now banned adding fluoride to water across the state. This comes after a landmark ruling by a federal judge that the mineral poses an “unreasonable” risk, and Robert F. Kennedy Jr. has spoken out against it. Ryan Knutson hosts. Sign up for WSJ’s free What’s News newsletter. Further Listening: -The Fight to Kick Soda Out of Food Stamps Learn more about your ad choices. Visit megaphone.fm/adchoices

Ryan Knutson and Molly Ball unpack the administration’s onslaught of new tariffs and break down what election results in Florida and Wisconsin mean for each party. Plus, they speak with WSJ’s Michelle Hackman about Trump’s aggressive immigration efforts including student deportations. Further Listening: -Trump’s Tariffs Force a New Era in Global Trade -Trump 2.0: Group Chat Fallout -Three Federal Workers Hit by DOGE Learn more about your ad choices. Visit megaphone.fm/adchoices

Yesterday, in the Rose Garden, President Trump sent out a clear message: the era of globalization is over. Trump announced sweeping tariffs on trillions of dollars of imports. The new duties immediately shook Wall Street and sent stocks plummeting. WSJ’s White House economic policy reporter Brian Schwartz explains how President Trump has wanted this day to happen for decades. And we talk to an American business owner who is deeply worried about what these tariffs mean for his company’s survival. Kate Linebaugh hosts. Sign up for WSJ’s free What’s News newsletter. Further Listening: - The Trade War With China Is On - Trump’s Tariff Whiplash Learn more about your ad choices. Visit megaphone.fm/adchoices

Charlie Javice sold her financial aid startup Frank to JPMorgan Chase for $175 million. But soon after the ink on the deal was dry, the bank discovered that their new acquisition was not at all what it seemed. WSJ’s Alexander Saeedy explains how a trial about fraud committed against JPMorgan resulted in the bank feeling the heat. Kate Linebaugh hosts. Sign up for WSJ’s free What’s News newsletter. Further Listening: - A $175 Million ‘Huge Mistake’ - JP Morgan CEO Jamie Dimon on What’s Next for the Economy Learn more about your ad choices. Visit megaphone.fm/adchoices

Gap Inc. was once the king of mall-brand fashion. In recent years though, its Gap, Old Navy, Banana Republic and Athleta chains have been outmaneuvered by discount stores like Target and fast-fashion brands like Zara and Shein. Ryan Knutson speaks with the new CEO Richard Dickson who is translating his previous experience resurrecting the Barbie brand into a new era for the iconic clothing seller. Further Listening: Rent the Runway’s CEO on How it Survived the Pandemic Shein: Fast Fashion, Slow IPO How Target Got Off Target Learn more about your ad choices. Visit megaphone.fm/adchoices