The $1 Trillion Company That Started at Denny’s

Less than six years after a Supreme Court ruling paved the way for legal sports gambling, U.S. sports leagues are facing an onslaught of betting scandals. The latest example is Jontay Porter, a little-known NBA player, who has been given a lifetime ban for betting on games. WSJ’s Jared Diamond unpacks how major leagues are confronting the darker sides of sports betting with alarming frequency. Further Reading: -NBA Player Banned for Life for Betting on Games  -America Made a Huge Bet on Sports Gambling. The Backlash Is Here.  Further Listening: -How a Psychiatrist Lost $400,000 on Gambling Apps  -Disney Gets Into Gambling  ​​-FanDuel CEO on Sports Gambling's Big Boom  Learn more about your ad choices. Visit megaphone.fm/adchoices

Over the course of 19 days, U.S. officials raced to contain escalating tensions between Israel and Iran amid a series of attacks. WSJ’s Michael R. Gordon on what was going on behind the scenes as the White House worked to prevent a bigger conflict. Further Reading: -Inside the White House’s Frenetic Scramble to Avert a Full-Blown Middle East War  -How the U.S. Forged a Fragile Middle Eastern Alliance to Repel Iran’s Israel Attack  Further Listening: -A Deadly Strike on Aid Workers in Gaza  -A Deadly Drone Attack and Iran’s ‘Axis of Resistance' Learn more about your ad choices. Visit megaphone.fm/adchoices

Former President Donald Trump is expected to spend the next six weeks in a Manhattan courtroom, defending himself against accusations he covered up a hush-money payment to porn star Stormy Daniels. WSJ’s Corinne Ramey was in the courtroom for opening statements and WSJ’s Molly Ball unpacks what this trial could mean for Trump’s 2024 presidential campaign.  Further Reading: -Trump’s Hush-Money Trial: What to Know as the Case Begins  -Donald Trump Played Central Role in Hush Payoffs to Stormy Daniels and Karen McDougal  Further Listening: -Donald Trump Is Charged on 34 Felony Counts  Learn more about your ad choices. Visit megaphone.fm/adchoices

Reports of freight fraud are on the rise, vexing trucking companies and regulators. And victims say that they aren’t getting any real help from law enforcement. WSJ’s Inti Pacheco unpacks one form of this fraud, called double brokering, and a trucking executive explains his personal efforts to stop the scammers. Further Reading: - A Brazen Yogurt Heist Shows How Cyber Gangs Are Hijacking U.S. Goods  - Growing Freight Fraud is Peeling Millions From the U.S. Shipping Market  Further Listening: - Nike’s Sneaky Sneaker Thieves  Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s not just the cost of buying a home that’s going up. It’s also the hidden costs — like taxes, maintenance and insurance — that are going through the roof. WSJ’s Nicole Friedman explains why these prices are rising so fast, and what it means for the housing market. Further Listening: -'It's on Fire': Why the Housing Market Is Booming  Further Reading: -The Hidden Costs of Homeownership Are Skyrocketing  -Home Buyers Are Ready to Buy. But Sellers Aren’t Selling.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Yesterday, Federal Reserve Chair Jerome Powell called into question whether the Fed will be able to lower interest rates this year as hoped. WSJ’s Nick Timiraos on how the Fed’s outlook on the economy has changed.  Further Reading: - Powell Dials Back Expectations on Rate Cuts  - Fed Rate Cuts Are Now a Matter of If, Not Just When  Further Listening: - Janet Yellen on Inflation and the U.S. Economy  - Inflation Is Down. Unemployment Is Low. Is This a Soft Landing?  Learn more about your ad choices. Visit megaphone.fm/adchoices

Cities such as San Francisco and Chicago are trying to save their downtown office districts from spiraling into a doom loop. St. Louis is already trapped in one, with abandoned buildings, vacant offices and shuttered shops and restaurants. WSJ’s Konrad Putzier unpacks the lessons from downtown St. Louis’s doom loop. Further Reading: -The Real Estate Nightmare Unfolding in Downtown St. Louis  -Commercial Real-Estate Woes Run Deeper Than in Past Downturns  -Can San Francisco Save Itself From the Doom Loop?  Further Listening: -The Downfall of a Real Estate Empire  -What’s Keeping Zombie Malls Alive?  Learn more about your ad choices. Visit megaphone.fm/adchoices

SpaceX’s satellite-internet devices are ending up in the hands of American adversaries and accused war criminals. WSJ’s Thomas Grove and Micah Maidenberg explain how the technology is being used illegally in multiple conflicts around the world.   Further Listening: - Amazon Takes On SpaceX in Battle for Space Internet  - When Elon Musk Moves In Next Door  Further Reading: - The Black Market That Delivers Elon Musk’s Starlink to U.S. Foes  Learn more about your ad choices. Visit megaphone.fm/adchoices

Caitlin Clark has lifted women’s college basketball to new heights, setting records on and off the court. Now the Iowa superstar is going pro and joining the WNBA. WSJ’s Rachel Bachman on what Caitlin Clark’s huge popularity might mean for the sometimes-struggling women’s league.  Further Reading: - Caitlin Clark Drew 18.7 Million Viewers to Women’s Basketball. Will It Last?  - Before Caitlin Clark Dominated Women’s Basketball, She Dominated These Boys  Further Listening: - The TikTok That Changed College Hoops  - The Kiss Rocking Women’s Soccer  Learn more about your ad choices. Visit megaphone.fm/adchoices

Providing child care for employees may not seem like a savvy business choice, but some companies swear by it. WSJ’s Harriet Torry explores the different approaches – and the benefits – at businesses both large and small. Further Listening: - The Labor Shortage That's Causing More Labor Shortages  Further Reading: - What One Employer Found When It Started Providing Child Care  - More Companies Start to Offer Daycare at Work  Learn more about your ad choices. Visit megaphone.fm/adchoices