Under CEO John Donahoe, Nike pulled away from retailers and ramped up production of its classic sneaker lines. Now sales have plummeted, the company has lost market share to competitors and Donahoe is stepping down. WSJ's Inti Pacheco discusses what went wrong. Further Reading: -Nike CEO John Donahoe Stepping Down After Rocky Tenure  -How Nike Missed the Boom in Running Culture  -Nike Reverses Course as Innovation Stalls and Rivals Gain Ground  Further Listening: -Nike’s Sneaky Sneaker Thieves  -How Allbirds Lost Its Footing  Learn more about your ad choices. Visit megaphone.fm/adchoices

Israel is now fighting on multiple fronts, after clashing with Hezbollah in Lebanon and sustaining Iranian strikes yesterday. WSJ’s Michael Amon explains the growing risk of an all-out regional war.   Further Reading: - Israel Clashes With Hezbollah in Lebanon  - Israeli Response to Iran’s Attack to Set Course of Widening War  - Israeli Review Shows Minor Damage From Iran’s Missile Barrage  Further Listening: - Exploding Pagers and the Risk of a Spreading War  - The Brutal Calculation of Hamas’s Leader  Learn more about your ad choices. Visit megaphone.fm/adchoices

In less than two years, OpenAI—the company behind ChatGPT—has gone from a little-known nonprofit lab to a world-famous organization at the forefront of an artificial intelligence revolution. But the company has faced a series of challenges, culminating last week in another high-profile departure and the decision to become a for-profit corporation. WSJ’s Deepa Seetharaman discusses the permanent change to OpenAI's ethos and what it could mean for the AI industry. Further Listening: - Artificial: The OpenAI Story  - Artificial: Episode 1, The Dream  Further Reading: - Turning OpenAI Into a Real Business Is Tearing It Apart  - OpenAI’s Complex Path to Becoming a For-Profit Company  Learn more about your ad choices. Visit megaphone.fm/adchoices

The Department of Justice is taking Visa, the largest card network in the U.S., to court, accusing the company of illegally monopolizing the debit card market. WSJ's Angel Au-Yeung breaks down the Justice Department's allegations. Further Listening: - The Unusual Economics of the Bilt Credit Card  - The Deal That Could Change Credit Cards  - The Trustbuster Taking on Ticketmaster  Further Reading: - Justice Department Sues Visa, Alleges Illegal Monopoly in Debit-Card Payments  - Google Faces Blockbuster Antitrust Case—Again  - Getting Oasis Tickets Was a Nightmare. Ticketmaster Is Again Being Asked for Answers.  Learn more about your ad choices. Visit megaphone.fm/adchoices

The mayor of America’s largest city likes to say he’s been “rejected, arrested and then elected.” Now, he’s been indicted. WSJ’s Jimmy Vielkind unpacks the unprecedented federal foreign bribery case against Eric Adams. Further Listening: -Gold Bars, Cash and a Mercedes: A U.S. Senator's Corruption Trial  Further Reading: -Inside the Eric Adams Indictment  -After the Eric Adams Indictment, What’s Next?  Learn more about your ad choices. Visit megaphone.fm/adchoices

After two big economic speeches this week, Ryan Knutson and Molly Ball discuss the candidates’ different economic strategies. Plus, voting has begun! We explore mail in voting and its impact on this election! Further Listening: - Red, White and Who? Playlist  - Red, White and Who? Why Ohio Could Decide the Senate  - Red, White and Who? A Swing-State Debate  Further Reading: - Harris Puts Government Intervention at Heart of Economic Policy  - Trump Says Plan Will Convince Foreign Companies to Shift Jobs to U.S.  - Voters Love the Policies That Economists Love to Hate  Learn more about your ad choices. Visit megaphone.fm/adchoices

Milton Magnus, an Alabama businessman who runs one of the last makers of wire hangers in the U.S., has waged a decades-long tariff battle against Chinese manufacturers to try to stay afloat. We hear from Magnus and we talk to Chao Deng about th e effectiveness of tariffs as the trade tool becomes more popular with politicians.  Further Listening: -Why China Is Risking a Trade War  -The Fight Over U.S. Steel and the Community Caught in the Middle  Further Reading: -The Family Business in Alabama That Fights China for Survival  Learn more about your ad choices. Visit megaphone.fm/adchoices

Former president Donald Trump wants to be the crypto president. With stops at a bitcoin conference and a bitcoin-themed bar, Trump is tapping into an industry that’s eager to support a crypto-friendly candidate. WSJ’s Vicky Huang explains how Trump and the crypto industry have cozied up ahead of the 2024 election. Further Reading: - Trump Hitches His Campaign to the Crypto Crowd  - That Time Donald Trump Walked Into a Bar and Bought a Round Using Bitcoin  - The Crypto Industry Is Trying to Elect Political Allies. The Stakes Couldn’t Be Higher.  Further Listening: - Elon Musk and Silicon Valley Turn Towards Trump  Learn more about your ad choices. Visit megaphone.fm/adchoices

This month, Red Lobster emerged from bankruptcy. At the helm of the restaurant chain is its new CEO, 35-year-old Damola Adamolekun. Ryan Knutson talks to Adamolekun about what brought about Red Lobster’s decline and his plan to revitalize the company.  Further Listening: - McDonald’s Wants To Offer Quality And Value. Can It Do Both?  Further Reading: - The 35-Year-Old CEO Plotting Red Lobster’s Comeback  - Red Lobster Exits Chapter 11 Bankruptcy With New Owners, CEO  Learn more about your ad choices. Visit megaphone.fm/adchoices

Christian filmmakers have surprised Hollywood with a series of box office hits and now investors are pouring in millions. WSJ’s John Jurgensen explains how their successes could change the entertainment industry. Further Reading:  - Religious Movies Are Sweeping Hollywood. Rich Investors Are Pouring In Millions.  - Fans Pour Funding - and Faith - Into a Hit Drama About Jesus  - A Child-Trafficking Thriller Is Taking on Hollywood. Who’s behind it?  Further Listening:  - With Great Power, Part 1: Origin Story  - Mattel Bets Big on Barbie  Learn more about your ad choices. Visit megaphone.fm/adchoices

The Federal Reserve cut interest rates this week, after a two year battle with inflation. David Uberti explains how that will impact the economy and we hear from two couples about what they hope this means for their finances.  Further Listening: - A Fed Insider on the Looming Rate Cut  - What the Stock Market Panic Says About the Economy  - Trump Allies Draft Plans to Rein in the Fed  Further Reading: - Americans Are Desperate for Relief. The Rate Cut Is a Glimmer of Hope.  - The Fed Aims to Repeat Greenspan’s 1990s Masterpiece  - Fed Cuts Rates by Half Percentage Point  Learn more about your ad choices. Visit megaphone.fm/adchoices

Ryan Knutson talks with Molly Ball and Rachel Humphreys about their recent trip to Ohio, where they talked to voters about a tight Senate race and why it might matter so much for both parties. Plus, look at another important Senate race in Montana. Further Listening:  - Red, White and Who? Playlist  - Red, White and Who? A Swing-State Debate  - Red, White, and Who? How Abortion Plays for Trump and Harris  Further Reading: - A Populist Democrat Fights to Survive the Trump-Fueled Populist Wave  Learn more about your ad choices. Visit megaphone.fm/adchoices

On Tuesday afternoon, thousands of pagers issued to Hezbollah operatives in Lebanon exploded at the same time, killing 12 people and injuring more than 2,800. The next day, walkie-talkies detonated in a similar way. Michael Amon reports on one of Israel’s most ambitious covert operations and what the attacks could mean for a broader war. Further Listening: -The Brutal Calculation of Hamas’s Leader  -Why Israel and Hamas Could Be Headed Into a Forever War  Further Reading: -How a Covert Attack Against Hezbollah Unfolded Across Lebanon’s Streets and Malls  -Israel Scored a Stunning Blow Against Hezbollah. Its Path to Victory Is Less Clear.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Organized crime used to be considered a remote threat in much of Western Europe, but ruthless violence by criminal gangs is now rattling the peace in some of the world’s safest societies. WSJ’s Sune Rasmussen explores the rise of one drug kingpin and how his brutal tactics have spread around the continent.  Further Reading: - Violent Drug Gangs Bring Mayhem to Western Europe  Further Listening: - The Push to Test Drugs for Fentanyl  - Afghanistan's Desperation Economy  Learn more about your ad choices. Visit megaphone.fm/adchoices

This week, a trial got under way to determine whether Rupert Murdoch can change a trust holding the family’s assets for his children. Murdoch wants to ensure that when he dies control of the trust passes to his oldest son, Lachlan. Three of his other children, James, Elisabeth and Prudence, oppose the change because they would stand to lose voting power. Amol Sharma reports.  Further Listening: - Media Giant Rupert Murdoch Is Stepping Down  - Behind the Breakup of Fox and Tucker Carlson  Further Reading: - The Family Rift Driving Rupert Murdoch to Redo His ‘Irrevocable’ Trust  - Murdochs Face Off in a Reno Courthouse Over Family Trust  Learn more about your ad choices. Visit megaphone.fm/adchoices

Tens of thousands of Boeing’s unionized workers are on strike after they rejected a new contract last week. WSJ’s Sharon Terlep reports on the rising tensions that have led to this breaking point and what it could mean for the only American manufacturer of both commercial and military aircraft. Further Reading:  - Boeing Freezes Hiring, Delays Pay Raises as Strike Worsens Finances  - Boeing Union Goes on Strike, Halting 737 Production  Further Listening:  - Boeing's Long Flight Delay – in Space  - Boeing Agrees to Felony Plea. Now Its Future Is Up in the Air.  - The Failures Inside Boeing's 737 Factory  Learn more about your ad choices. Visit megaphone.fm/adchoices

Scammers are exploiting retailers’ online return programs like never before, fueled by websites and messaging apps. WSJ’s Liz Young reports on the bind retailers now find themselves in, stuck between helping their customers and stopping the fraud.   Further Reading: - Online Returns Fraud Finds a Home on Telegram, Costing Retailers Billions  - Brick-Filled Boxes. Bogus Receipts. Retailers Battle Fraudulent Returns.  Further Listening: - How Cyber Thieves Are Disrupting U.S. Goods  - The Slaves Sending You Scam Texts  Learn more about your ad choices. Visit megaphone.fm/adchoices

After a tense debate, Ryan Knutson and Molly Ball unpack a busy election week and examine what’s next for both campaigns in crucial swing states like Pennsylvania. Plus, could a state like Nebraska decide the election? Further Listening: - Red, White, and Who? How Abortion Plays for Trump and Harris  - For Kamala Harris, a Big Interview and a Narrow Lead  - Is the Trump Campaign Going Off Track?  Further Reading: - We Asked Undecided Voters Who Won the Trump-Harris Debate  Learn more about your ad choices. Visit megaphone.fm/adchoices

President Biden, Vice President Harris and former President Trump have all signaled their opposition to the planned sale of U.S. Steel to Japan’s Nippon Steel. But, as Kris Maher reports, views on the deal are more complex in the place it could matter most: Pittsburgh. Further Listening: -Why China Is Risking a Trade War  Further Reading: -Biden Prepares to Block $14 Billion Steel Deal  -Japan Bid for U.S. Steel Runs Up Against U.S. Politics  Learn more about your ad choices. Visit megaphone.fm/adchoices

Testosterone therapy is booming, touting a boost at the gym and in the bedroom, but the potential side effects (like infertility) are less well known. WSJ’s Rolfe Winkler on the clinics making millions on this growing industry. Further Reading: - Testosterone Clinics Sell Virility. Some Men End Up With Infertility.  Further Listening: - Trillion Dollar Shot, Episode 1: Birth of a Blockbuster  - The Rise of Botox and the Wrinkle in Its Future  Learn more about your ad choices. Visit megaphone.fm/adchoices