Investors took Fed Chair Jerome Powell’s comments as more dovish than expected, raising hopes for more rate cuts next year. Plus: EchoStar shares surged after striking a deal with SpaceX. And stock in Amazon advanced after it announced plans to invest $35 billion in India. Danny Lewis hosts. Sign up for WSJ’s free What’s News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: A new estimate from the United Nations finds that global trade has continued to grow this year, despite the threat of tariffs. And Nobel laureate María Corina Machado left Venezuela yesterday in an effort to collect her Peace Prize. Alex Ossola hosts. Sign up for WSJ’s free What’s News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Investors are pricing in an almost 90% chance that the Federal Reserve will lower interest rates later today. And Eileen Higgins becomes the first Democrat elected as Miami’s mayor in almost three decades. Luke Vargas hosts. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

A decline in JPMorgan’s stock weighs on the Dow. Plus, CVS Health shares gain on an improved outlook. And Ares Management gets a boost on news it’s joining the S&P 500. Danny Lewis hosts. Sign up for WSJ’s free What’s News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: BMW names a new boss. And Home Depot provides a sales forecast for fiscal 2026 that’s lower than what analysts expected. Anthony Bansie hosts. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Ford engages France’s Renault to bolster its European lineup and combat Chinese competition. And Jamie Dimon is launching a $1.5 trillion initiative aimed at bolstering American self-sufficiency in critical industries - including rare earths and AI. Luke Vargas hosts. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Warner Bros. Discovery and Paramount Global shares rose after Paramount’s hostile takeover bid, while Netflix stock fell. And shares of Confluent surged after IBM announced plans to buy the data-infrastructure company. Danny Lewis hosts. Sign up for WSJ’s free What’s News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Several Berkshire Hathaway executives are departing as Warren Buffett’s retirement approaches. And the Trump administration plans to announce a $12 billion bailout for American farmers. Alex Ossola hosts. Sign up for WSJ’s free What’s News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: IBM is in advanced talks to acquire data-infrastructure company Confluent. And investors anticipate another rate cut as the Federal Reserve prepares to meet. Luke Vargas hosts. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Netflix’s $72 billion deal to buy Warner Bros. Discovery sent the Hollywood giant’s stock rallying, while shares of rival suitor Paramount Skydance sank. And SoFi Technologies stock fell after announcing plans to sell common shares. Danny Lewis hosts. Sign up for WSJ’s free What’s News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: The Federal Reserve got one last inflation reading to consider—a moderate monthly increase in prices—before next week's interest-rate decision. And Southwest Airlines cuts its profit guidance for the year. Pierre Bienaimé hosts. Sign up for WSJ’s free What’s News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Meta cuts spending on the metaverse, betting big on AI wearables instead. And stock markets gain ahead of the Fed’s preferred inflation gauge. Daniel Bach hosts. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Dollar General shares surged after the discount retailer lifted its full-year outlook. And Snowflake stock tumbled following slower quarterly revenue growth. Danny Lewis hosts. Sign up for WSJ’s free What’s News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: The European Commission has opened an antitrust probe into Meta Platforms over WhatsApp’s AI policy. And the FBI has arrested a Virginia man in connection with Jan. 6, 2021, pipe bombs placed in Washington, D.C. Pierre Bienaimé hosts. Sign up for WSJ’s free What’s News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: A group of former FDA commissioners has criticized the agency’s new vaccine standards, citing risks to public health. And UBS says the world has more billionaires than ever. Daniel Bach hosts. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Microsoft shares fall after a media report suggested the tech giant had cut growth targets for artificial-intelligence software sales. And stock in Dollar Tree rose after the retailer reported stronger-than-expected adjusted earnings. Danny Lewis hosts. Sign up for WSJ’s free What’s News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Payroll processor ADP says U.S. private hiring sank in November. And federal agents are fanning out across New Orleans, the latest focus of the Trump administration’s immigration enforcement. Pierre Bienaimé hosts. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: President Trump says he doesn’t want Somali immigrants in the U.S., amid reports of an ICE operation in Minneapolis. And the Trump administration calls off interviews with candidates vying to lead the Federal Reserve. Daniel Bach hosts. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Shares of MongoDB and Credo Technology jump, driven by AI. And Ford shares fall amid a slowdown in EV sales. Julie Chang hosts. Sign up for WSJ’s free What’s News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Costco is suing the Trump administration in an effort to make sure it can get a full refund of tariffs it’s already paid if the Supreme Court rules against the tariffs. And former Honduran President Juan Orlando Hernández leaves U.S. prison after getting a pardon from President Trump. Anthony Bansie hosts. Sign up for WSJ’s free What’s News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices