The Journal.

A little-known trade provision is ending, and it will likely upend business for e-commerce companies and raise prices for consumers. De minimis has allowed companies to avoid duties on shipments to the U.S. that are worth $800 or less. It’s a program that many companies, especially e-commerce giants, Shein and Temu, have taken advantage of to keep prices low. WSJ’s Shen Lu explains how President Donald Trump has now ended that program for products from China and Hong Kong. We also speak with the CFO of shoe company Kuru about how the new rules could change their business. Jessica Mendoza hosts. Further Listening: -Shein: Fast Fashion, Slow IPO -The Billionaire Caught Between Trump and China -China Unleashes a Trade War Arsenal Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

In our capstone episode, Kate Linebaugh and Molly Ball break down Trump's first 100 days in office with WSJ’s Aaron Zitner, digging into the highs and lows, where things stand with voters and what’s next for the administration and the country. Further Listening: -Canada’s New Leader Is Ready to Take On Trump -Trump 2.0: Where is the Economy Headed -Taking Stock of the ‘Sell America’ Trade Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Before committing suicide live on X, Arnold Haro had a request: "If I die, I hope you guys turn this into a meme coin." His dying wish came true. Haro’s followers created a meme coin that skyrocketed in value to $2 million. WSJ's Kevin Dugan digs into a seedy online world where anything can be turned into crypto. Annie Minoff hosts. Further Listening: - Inside the Trump Crypto Bromance Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Davos conference brings together the world’s elites to try to make the world a better place. But according to some current and former employees, the leader of the organizing body behind Davos fosters a toxic workplace. WSJ’s Shalini Ramachandran discusses her investigation into the World Economic Forum and the impact of a recent anonymous whistleblower letter. Annie Minoff hosts. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Mark Carney, a former banker, won Canada’s national election on Monday. Carney ran on an anti-Trump platform, and he's promised to try to decouple his country’s economy from its biggest trading partner and, lately, its biggest threat. WSJ’s Vipal Monga explains how Trump’s trade war and threats to annex Canada have upended the election. Annie Minoff hosts. Further Listening: - Why Justin Trudeau Stepped Down - Guns and Death Threats in Canada's Baby-Eel Fisheries Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Suleiman al-Youssef’s son, Shadi, has been missing since the beginning of the Syrian civil war. After the Assad regime was overthrown, Suleiman found new hope when he discovered a video of a man who looked like his son outside the country’s most notorious prison. WSJ’s Ben C. Solomon on Suleiman’s search for his son and Syria’s thousands of other missing loved ones like him. Kate Linebaugh hosts. Further Listening: - Assad’s Regime Falls. What’s Next For Syria? - Ten Days That Shifted Power in Syria Sign up for WSJ’s free What’s News newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

Andy Wirth and Tony Harris moved halfway across the world to help build Neom: Crown Prince Mohammed bin Salman’s futuristic new city in the Saudi desert. But what they found wasn’t the desert utopia of Neom’s marketing. Instead, they found a project bleeding cash, led by a screaming CEO, where very little was actually being built. WSJ’s Rory Jones and Eliot Brown explain how Neom fell years behind schedule – and went billions of dollars over-budget – thanks to a culture of runaway spending and never telling the boss “no.” Hosted by Ryan Knutson. Further Listening: - Neom, Pt 1: Skiing in the Desert Learn more about your ad choices. Visit megaphone.fm/adchoices

In 2017, Saudi Arabia’s ambitious, young leader, Mohammed bin Salman, unveiled Neom: a futuristic new city Saudi Arabia would build in the desert. Neom would be a hotspot for tourism like the French Riviera, a center of innovation like Silicon Valley, and a global melting pot like Dubai. It would help transform the Saudi economy. But over the years, that already bold plan grew even more ambitious. In the first of two episodes about Neom, WSJ’s Rory Jones and Eliot Brown explain how an effort to pivot the Saudi economy away from oil grew to encompass plans for a desert ski resort and skyscrapers the length of Connecticut. Plus we hear from two people who uprooted their lives and moved to Neom to help make MBS’s dream a reality. Hosted by Ryan Knutson. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

President Trump’s deportations, tariffs, federal layoffs and funding suspensions have generated nonstop headlines and frayed confidence, yet left surprisingly little trace on the economy. Hiring, spending and inflation look a lot like they did under Joe Biden. As Trump’s first 100 days draw to a close, Kate Linebaugh and Molly Ball explore the state of the U.S. economy with Chief Economics Commentator Greg Ip and try to understand what might be coming next. Further Listening: - Taking Stock of the ‘Sell America’ Trade - Inside the Harvard vs. Trump Battle - How Frog Embyros Landed a Scientist in ICE Detention Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Something strange happened in the US financial system earlier this week: the stock market, the bond market, and the value of the dollar all slumped. This volatility andrecent threats to fire Fed chief Jerome Powell are unnerving foreign investors, who are flocking to a new phenomenon called the Sell America trade. WSJ’s Chelsey Dulaney explains what Sell America means for decades of American finance primacy. Jessica Mendoza hosts. Further Listening: -Trump’s Tariffs Force a New Era in Global Trade -Trump Allies Draft Plans to Rein in the Fed Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

President Donald Trump has been on an escalating campaign to reorder elite higher education. The administration’s Anti-Semitism Task Force has frozen billions of dollars in federal funding after Harvard refused to comply with their demands. WSJ’s Douglas Belkin on the showdown between America’s most prominent university and the U.S. president. Jessica Mendoza hosts. Further Listening: - Trump's College Crackdown Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Earlier this year, Harvard scientist Kseniia Petrova landed at Boston Logan Airport with samples of frog embryos in her luggage. Those samples cost Petrova her visa and kickstarted an asylum claim that landed her in an ICE detention facility in Louisiana. WSJ’s Michelle Hackman explains that Petrova’s case represents an aggressive shift in the Trump administration’s stance towards immigrants with visas. Jessica Mendoza hosts. Further Listening: -Trump 2.0: Trade Wars and Deportation Battles -A New Phase in Trump’s Immigration Fight Sign up for WSJ’s free What’s News newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

On Monday morning, Pope Francis died at 88. The first South American to hold the office, he was known for his commitment to social and economic justice. WSJ’s Margherita Stancati discusses Francis’ legacy and explains what happens next for the Catholic Church. Jessica Mendoza hosts. Further Listening: - The Return of Religious Films to Hollywood - The Mormon Church's $100 Billion Secret Fund Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

When Colorado became one of the first states to legalize recreational marijuana, a community called Pueblo stepped forward hoping to become the 'Napa Valley of Cannabis'. WSJ’s Julie Wernau visited the town to explore the cannabis boom that promised new jobs and tax revenue, and found an industry that had gone bust, with local residents struggling to find a way forward. Jessica Mendoza hosts. Further Listening: -The Highs and Lows of Diversifying the Cannabis Industry Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Mark Zuckerberg is in court defending Meta against a Federal Trade Commission case that alleges the company wields an illegal monopoly in social media. It's a trial that could force the tech giant to potentially break itself up by selling Instagram and WhatsApp. WSJ’s Dana Mattioli explains how Zuckerberg’s efforts to get close to President Donald Trump hasn’t kept the company safe, while Jan Wolfe is in D.C. court watching the play-by-play. Jessica Mendoza hosts. Further Listening: - FTC Chair Lina Khan on Microsoft Merger, ChatGPT and Her Court Losses - 'The Facebook Files' from The Journal. - Why the FTC is Challenging a $25 Billion Supermarket Merger Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

After years of trying to revive his flailing social media company, Elon Musk has pulled off a turnaround at X. It comes after Musk decided to merge X with his artificial intelligence company xAI. The deal values the newly combined business at more than $100 billion. WSJ’s Alexander Saeedy explains how Musk has pulled the app formerly known as Twitter back from the brink of bankruptcy, thanks in part to his proximity to President Donald Trump. Jessica Mendoza hosts. Further Listening: The Musk-Twitter Saga -- from The Journal. Trump 2.0: The Musk-Trump Bromance Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Hong Kong-based company CK Hutchinson, led by billionaire Li Ka-shing, recently announced a deal to sell majority stakes in two ports on the Panama Canal. The deal with a consortium of investors led by BlackRock pleased President Donald Trump, after he had expressed interest in regaining control over the canal. But, as WSJ’s Rebecca Feng reports, the $22.8 billion deal also angered Chinese leader Xi Jinping, who saw the ports as a bargaining chip with the United States. Allison Pohle hosts. Further Listening: - China Unleashes a Trade War Arsenal - The Trade War With China Is On Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Telehealth companies make hair loss drugs easy to get. They also don’t have to disclose side effects in ads. WSJ’s Rolfe Winkler reports that some young men say they are suffering serious health consequences, and that they didn’t understand the risks. Kate Linebaugh hosts. Further Listening: - Testosterone Clinics Sell Virility. Side Effects Sometimes Included. - ‘Uncontrolled Substances’ from The Journal. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

After decades of fighting Coca-Cola to be the nation’s favorite soda, Pepsi dropped to third place, after Dr Pepper. Now PepsiCo needs to win back soda drinkers . WSJ’s Laura Cooper reports that after years of focusing on potato chips and energy drinks, the company’s new beverage head Ram Krishnan is trying to refocus PepsiCo on drinks, in part with an agreement to purchase prebiotic soda brand Poppi. Allison Pohle hosts. Further Listening: - ‘It Came out of Nowhere’: The Rise of Dr Pepper - The Fight to Kick Soda Out of Food Stamps - PepsiCo’s New Healthy Diet: More Potato Chips and Soda Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Kate Linebaugh and Molly Ball go behind the scenes of the administration’s tariff pause. We dive deep with WSJ’s Josh Dawsey, exploring the tension in the days after the announcement and what really changed the president’s mind. Plus, your questions! Further Listening: - China Unleashes a Trade War Arsenal - The Tariff Trade Off: Jobs vs. Higher Prices - Wall Street Speaks Out Against Tariffs Sign up for WSJ’s free What’s News newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices