WSJ What’s News

P.M. Edition for Feb. 25. Businesses are still figuring out whether they’ll get tariff refunds after last week’s Supreme Court decision. But some aren’t waiting for an answer; WSJ reporter Caitlin McCabe discusses how they’re selling their tariff refund claims to Wall Street traders. Plus, four people on a U.S.-registered speedboat were shot and killed after exchanging fire with Cuba's border guard. And prediction-market platform Kalshi has fined two users for breaking its rules. While it’s the first time the company has done so publicly, Journal reporter Krystal Hur says it likely won’t be the last. Alex Ossola hosts.

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A.M. Edition for Feb. 25. In the longest State of the Union address on record, President Trump tried to persuade Americans that the economy is in better shape than many think it is. WSJ White House reporter Meridith McGraw parses the speech where Trump doubled down on his tariffs, immigration policies and attacks on Democrats. Plus, Warner Bros. Discovery says the latest takeover bid from Paramount could top the best offer from Netflix. And, Anthropic says it could roll back the safety commitments it’s known for - if a rival releases a superior AI model. Daniel Bach hosts.

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P.M. Edition for Feb. 24. Defense Secretary Pete Hegseth told Anthropic CEO Dario Amodei at a meeting today that the company has until Friday to comply with the Pentagon’s demands on using its artificial-intelligence models, or Anthropic’s contract may be canceled. Plus, Meta and AMD announce a chip deal worth $100 billion. Journal reporter Robbie Whelan discusses what the deal entails, and why it’s got investors excited. And, in an exclusive, we’re reporting that the Trump administration is considering requiring banks to collect citizenship information from customers. Alex Ossola hosts.

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A.M. Edition for Feb. 24. The Trump administration is considering new national security tariffs on a half-dozen industries, after the Supreme Court last week invalidated many of the president’s second-term levies. That ruling has prompted companies like FedEx, Revlon and Costco to file suit. Plus, President Trump is expected to tout the U.S. economy in his State of the Union later. But as WSJ’s Alex Frangos explains, the economic report card is a bit more mixed. And, Ukraine marks a grim milestone as the war with Russia enters its fifth year. Daniel Bach hosts.

A look at Apple’s push to build an all-American chip.

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P.M. Edition for Feb. 23. U.S. stocks were down today after the latest tariff moves over the weekend, while U.S. business leaders are scrambling to figure out what this means for them. We hear from reporter Chip Cutter about the questions they have and how they’re trying to address them. Plus, Anthropic has accused three Chinese AI companies of using its Claude model to improve their own systems. WSJ reporter Robert McMillan discusses why Anthropic says that’s a threat to national security… and its business. And the Pentagon is flagging risks of a major operation against Iran to President Trump. Alex Ossola hosts.

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