The $275 Million Margaritaville Drama

Anthropic is preparing for what could be one of the biggest IPOs in history. WSJ's Anissa Gardizy got a look at a draft of the company's S-1. It reveals soaring revenue, a business heavily reliant on a few customers and a long list of risk factors, including the possibility of a catastrophic AI incident. Ryan Knutson hosts. Further Listening: - The Great AI Freakout Has Begun - A Data Center Offered $26 Million for Her Land. She Said No. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

“Red, White and Who?” The Journal’s election mini-series is back to cover the midterms. Every Wednesday, Ryan Knutson talks with reporters around the country about issues important to voters. This week: In 2024, President Trump made historic gains with voters in South Texas, especially Latinos. Now, many of these same voters are souring on the president and his party and considering swinging to Democrats in this year’s midterms. WSJ’s Elizabeth Findell and producer Matt Kwong talk to voters there about Trump, the senate race between James Talarico and Ken Paxton, and the issues that matter to them. Further Listening: - Red, White and Who? The Inflation Election - Red, White and Who? The Anti-AI Voters Sign up for WSJ’s Politics newsletter. Illustration: James Walton Learn more about your ad choices. Visit megaphone.fm/adchoices

President Trump’s stance in the Russia-Ukraine conflict is evolving. In recent weeks, the Trump administration has made a series of decisions that critics say favor Russia. In response, Ukrainian President Volodymyr Zelensky decided to publicly confront Trump over the shift. WSJ’s Marcus Walker reports on what’s behind the shift and how the midterms factor in. Ryan Knutson hosts. Further Listening: - An Exclusive Interview With Ukraine’s President Zelensky - Inside the U.S. Deal to Get Venezuela’s Oil Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

President Donald Trump has put a lot on Treasury Secretary Scott Bessent’s plate, from handling trade talks with China to overseeing sanctions on Iran. Meanwhile, tensions inside the Treasury are high. After interviews with former and current officials in the Trump administration, WSJ’s Brian Schwartz reports on how Bessent's behavior and leadership approach is impacting the Treasury. Kate Linebaugh hosts.   Further Listening: -How the Bond Market Will Affect Your Wallet - Let’s Talk Bonds. Treasury Bonds. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Gayle King has been on TVs across America for decades and is currently a co-host of “CBS Mornings.” In the final episode of My Monday Morning, a new Journal video series inspired by the longstanding column of the same name, Lane Florsheim sits down with Gayle to talk about her love of a good bubble bath, the time she panicked and told room service she was ordering for two and why, at 71, she’s aiming to live to at least 90. Learn more about your ad choices. Visit megaphone.fm/adchoices

When Jimmy Buffett died in 2023 he had set up a $275 million trust, naming his widow Jane as the sole beneficiary. Now, as WSJ’s Katherine Sayre reports, the family and Buffett’s former business manager are locked in a legal dispute over that Margaritaville fortune. Ryan Knutson hosts. Further Listening: - The Case of the Missing $15 Billion Fortune: Part 1- The Case of the Missing $15 Billion Fortune: Part 2 Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Americans are more upset than ever about the economy as inflation continues to rise. But even so, consumers keep spending. WSJ’s Jeanne Whalen explains why U.S. shoppers are so unstoppable. Ryan Knutson hosts. Further Listening: - Red, White and Who? The Inflation Election - Inflation Forces the Fed’s Hand Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

After the White House asked her to step down, Kimberly Guilfoyle resigned from her position as the U.S. Ambassador to Greece. A Wall Street Journal investigation laid out a series of text messages in which Guilfoyle asked a conservative supporter for a payment of $100,000 to her American Express account. WSJ’s Dana Mattioli reports on the messages that led to Guilfoyle’s fall. Imani Moise hosts. Further Listening: Jared Kushner’s Albania Headache: Flamingos, Contested Land and Cocaine  Kristi Noem’s $200 Million Mistake Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

“Red, White and Who?” The Journal’s election mini-series is back to cover the midterms. Every Wednesday for the next five weeks, Ryan Knutson talks with reporters around the country about issues important to voters. This week: President Trump's focus on the economy helped clear his way to the White House in 2024. But two years later, Trump initiatives like the war in Iran and global tariffs, have made life more expensive for voters. WSJ's Eliza Collins and producer Pierce Singgih visited a suburb in Arizona, home to one of the most competitive House races in the country, to see how voters feel about the economy and Republican party in 2026.  Further Listening: - Red, White and Who? The Anti-AI Voters Sign up for WSJ’s Politics newsletter. Illustration: James Walton Learn more about your ad choices. Visit megaphone.fm/adchoices

The smart ring company Oura has grown quickly. Its wearable tech seems to be everywhere: in slick ad campaigns, on celebrities’ social media, and on the fingers of regular people hoping to improve their health. Yet when Oura tried to go public late last month, it couldn’t find enough buyers. So the company stalled its listing. WSJ’s David Wainer explains what this delay reveals about investors’ appetites. Imani Moise hosts. Further Listening: - The Great IPO Frenzy of 2026 - $25 Billion to Zero: Bill Ackman’s Bungled IPO Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices