Why the Social Security Shortfall Is Coming Sooner

Why the Social Security Shortfall Is Coming Sooner

P.M. Edition for June 9. The fund that helps pay out Social Security benefits is now projected to run out by late 2032, earlier than was previously expected. WSJ reporter Anne Tergesen walks us through why… and what it could mean for retirees. Plus, today Anthropic rolled out a new AI model, Claude Fable 5, that gives the public access to Mythos–a model the company previously said was too dangerous for general release. Bob McMillan, who covers computer security for the Journal, explains how Anthropic aims to prevent bad actors from using the new model for hacking and bioweapons. And President Trump accused Iran of downing an Apache helicopter near the Strait of Hormuz last night, saying the U.S. must respond and threatening the fragile ceasefire. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

OpenAI Files for IPO in Test of Investor Appetite

A.M. Edition for June 10. OpenAI has privately filed for an IPO, setting the ChatGPT creator up to potentially listing as soon as this fall. WSJ tech reporter Sam Schechner says the filing comes amid intense competition with rival Anthropic and Elon Musk’s SpaceX and who will get the biggest slice of public investor money this year. Plus, the Pentagon targets Alibaba, Baidu and BYD in a new Chinese military blacklist. And from London Tech Week, our conversation with the founder of AI voice company ElevenLabs, Mati Staniszewski. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

PepsiCo Is Bringing Driverless Trucks Into the Mainstream

P.M. Edition for June 8. Pepsi has rolled out 35 driverless trucks to ship Cheetos, Doritos, and other products on the public roads in Arizona. Journal reporter Esther Fung took a ride in one. Plus, a judge invalidated the Trump administration’s $100,000 fee for new H-1B visas. And as the World Cup kicks off across 16 North American cities this week, occupancy rates in U.S. hotels are lagging behind. We hear about the reasons why from WSJ real estate reporter Kate King, and what it means for the economic boost cities were hoping for from the World Cup. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Global Stocks Sink on Renewed AI Jitters

A.M. Edition for June 8. Markets across Asia and Europe are falling, tracking Friday’s Wall Street rout. WSJ editor Peter Landers says tech stocks–especially in South Korea–are being especially hard hit amid “extraordinary sensitivity” among investors over the outlook for future AI growth. Plus, Israel and Iran exchange fire for the first time in months. And Apple prepares to unveil a ChatGPT-like revamp of its Siri voice assistant in a bid to catch up in the AI race. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Record-Breaking Stakes of the SpaceX IPO

SpaceX is gearing up for a blockbuster public debut that could be the biggest in Wall Street history and redefine the global space economy. But as the company evolves from a dominant rocket launcher into an AI-powered conglomerate, questions remain about its financial losses and its de facto monopoly on U.S. space ambitions. WSJ’s Corrie Driebusch and space reporter Micah Maidenberg join host Luke Vargas to break down the numbers behind the deal and what this massive infusion of capital means for the future of the cosmos. Further Reading See How SpaceX Is About to Eclipse Every Other Blockbuster IPO The Secrets Revealed in SpaceX’s IPO Filing Morgan Stanley Sees SpaceX’s Revenue Reaching $3.4 Trillion in 2040 Learn more about your ad choices. Visit megaphone.fm/adchoices