The Witch Economy Is Booming

Shareholders at Tesla approved the most valuable pay package ever for Elon Musk in an effort to bring his attention back to the company. The CEO will have to hit a number of milestones to get the full value of the package, including shifting Tesla’s focus to developing robotaxis and humanoid robots. WSJ’s Becky Peterson breaks down the complicated plan with Jessica Mendoza. Further Listening:  Why GM Is Slamming the Brakes on EV Ambitions Why Elon Musk’s AI Chatbot Went Rogue Tesla Has a Problem: Elon Musk Sign up for WSJ’s free What’s News newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices

On Wednesday, the Supreme Court heard oral arguments in a case that could reverse President Trump’s sweeping tariffs, and potentially upend the central piece of his economic policy. WSJ’s James Romoser breaks down the case on both sides and explains why some conservative justices are skeptical of Trump administration’s argument for the tariffs. Ryan Knutson hosts. Further Listening: The Supreme Court’s Season Finale, Explained Trump 2.0: A Showdown With the Judiciary Sign up for WSJ’s free What’s News newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices

At WSJ’s Tech Live, Jessica Mendoza sits down with Michael Kratsios, Director of the White House Office of Science and Technology Policy to discuss the pivotal moment in the U.S.-China AI race, how he thinks AI should be regulated, and whether or not the AI boom might be a bubble.  Further Listening: - Is the AI Boom… a Bubble? - How a $1.5 Billion Settlement Could Alter the Course of AI  - The Nvidia CEO’s Quest to Sell Chips in China Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

The debate over healthcare subsidies has shut down the federal government for a historic length of time. With open enrollment underway, many Americans who pay for plans under the Affordable Care Act are experiencing sticker shock. Some costs have doubled, tripled, or even quintupled. WSJ’s Anna Wilde Matthews takes us inside the hefty premium hikes and explains why the high price tag could have an impact on the system as a whole. Ryan Knutson hosts. Further Listening: -The Healthcare Costs of Trump's Big Beautiful Bill -Medicare, Inc. Part 1: How Insurers Make Billions From Medicare -Medicare Inc. Part 2: Taxpayers Paid for care Denied by Insurers Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

The historic Waldorf Astoria Hotel has reopened after an eight year saga that went $1 billion over budget. WSJ’s Craig Karmin takes us inside the deal to buy the hotel, the arrest of its new owner and the Chinese government’s takeover. Ryan Knutson hosts. Further Listening:- Six Days of Chaos at MGM’s Casinos- The Missing Minister Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Etsy witch trend has taken witchcraft into the mainstream. These online witches are making their magical services available to anyone willing to pay for them. Want a job? Or a boyfriend? There’s a spell for that. WSJ’s Chavie Lieber explains why it pays to be a witch. Jessica Mendoza hosts. Further Listening: -Etsy: Big Commerce or Crafters' Community? -Lady Gaga, Low-Rise Jeans, and the Next Recession   Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

On Wednesday, the Federal Reserve announced a highly anticipated quarter-point cut to interest rates. But the road to future rate cuts is pretty murky. WSJ’s Nick Timiraos explains how missing government data is obscuring the Fed’s view of the economy, and why Fed Chair Jerome Powell says a December rate cut is “not a foregone conclusion.” Ryan Knutson hosts. Further Listening:  - The Government Shutdown: Who Will Blink First? - The Drama at the Fed as It Debates Cutting Rates  Sign up for WSJ’s free What’s News newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices

In 2021, GM and its CEO Mary Barra announced a bold plan to go all electric by 2035. But falling consumer demand and shriveling government support has undermined GM’s electric plans. Now, as Sharon Terlep reports, GM has gone from one of the industry’s loudest EV champions to a leading opponent of government emissions rules and fuel-economy standards. Ryan Knutson hosts. Further Listening: -What Happened to GM’s All-Electric Bet? -Tesla Has a Problem: Elon MuskSign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

J.M. Smucker is suing Trader Joe's over trademark infringement, accusing the company of copying its pre-made Uncrustables peanut-butter and jelly sandwiches. WSJ’s Jesse Newman explores the battle over PB&Js is part of a broader anxiety for Big Food over the rise of private-label products. Ryan Knutson hosts. Further Listening:- Food Fight: PepsiCo vs. Carrefour- Kraft Heinz’s Big BreakupSign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Auto-parts maker First Brands Group, the company behind products like Autolite spark plugs and Fram oil filters, declared bankruptcy last month. Court filings have revealed a trove of irregularities and a $2 billion dollar hole. WSJ’s Alexander Gladstone says the bankruptcy is having an impact on the company’s lenders and on Wall Street. Ryan Knutson hosts. Further Listening:  - Trump’s Tariffs Cause Chaos in Auto Industry  - How Spirit Airlines Landed in Bankruptcy  Sign up for WSJ’s free What’s News newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices