The Journal.

An influential California labor union is gathering signatures for a proposed asset tax on billionaires. But some of California’s ultra-wealthy are threatening to pack their bags — leaving the state’s tax revenue in the balance. WSJ’s Laura J. Nelson explains what’s potentially at stake and why a billionaire exodus is harder than simply renting a truck. Jessica Mendoza hosts.  

Further Listening:

- The Healthcare Costs of Trump’s Big Beautiful Bill 

- Kathy Hochul on Mamdani, Trump and Where Democrats Went Wrong

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President Xi Jinping has solidified control over China's military after firing his top general Zhang Youxia in an unprecedented military purge that has sent shockwaves through the country. The allegations against Zhang include corruption and a nuclear secrets leak. WSJ’s Lingling Wei explains how this move potentially gives Xi more room to pursue his long-standing goal of reunifying with Taiwan. Jessica Mendoza hosts.

Further Listening:

- China's Cheap Goods Are Europe's Problem Now

- China and the U.S. Are in a Race for AI Supremacy

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Doug McMillon was Walmart's CEO for more than ten years, overseeing the company's return to retail success. WSJ's Sarah Nassauer sat down with him to talk about Walmart's turnaround, its future and a CEO's role in politics. Ryan Knutson hosts.

Further Listening:

- The Battle to Be the King of Retail: Walmart vs. Amazon

- The 20000 Steps to a Walmart Manager's Six-Figure Salary

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There’s a new social media platform for AI agents, but things are getting weird. It’s called Moltbook, and agents use it to apparently talk about things like coding and dating profiles, but also about overthrowing their human overlords and forming their own lobster religion. Initially, Moltbook shocked even some of the most experienced AI researchers, but how much of that is just humans messing around? WSJ’s Angel Au Yeung explains what’s actually happening on the site and how it came to be. Ryan Knuston hosts.

Further Listening:

Vibe Coding Could Change Everything 

AI Has Come for Advertising

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This week, SpaceX and xAI, two companies controlled by Elon Musk, merged into a $1.25 trillion company. The deal combines a successful rocket and satellite business with an AI startup. Musk says the goal is to put AI data centers in earth’s orbit. WSJ’s Berber Jin reports on the deal. Jessica Mendoza hosts.

Further Listening:

The Woman Behind SpaceX

Her Client Was Deepfaked. She Says xAI Is to Blame.

Why Elon Musk’s AI Chatbot Went Rogue

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