Shares of Estée Lauder, the beauty giant, have plunged about 50% this year. And the members of the Lauder family are at odds about what to do. WSJ's Emily Glazer reports on the company's business mistakes and its rumblings of succession.



Further Listening:

- The World’s Richest Person Is Planning for Succession 



Further Reading:

- The Estée Lauder Family Built a Beauty Empire. A Succession Rift Threatens It 

- Estée Lauder Stock Plunges After Another Profit Warning 

- Estée Lauder’s Big Bet on China Is Looking Not So Pretty 



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The Family Drama Inside Estée Lauder

The most important stories about money, business and power. Hosted by Kate Linebaugh and Ryan Knutson, with Jessica Mendoza. The Journal is a co-production of Spotify and The Wall Street Journal.

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A New York jury has found former President Donald Trump guilty on 34 charges. WSJ reporter Joe Palazzolo recalls the original investigation that eventually led to Thursday's conviction, and legal reporter Corinne Ramey describes the scene as the verdict came down.



Further Reading:

- Nine Memorable Moments From Donald Trump’s Hush-Money Trial 

- A History of WSJ’s Hush-Money Investigation 



Further Listening: 

- Donald Trump’s First Criminal Trial Is Underway 



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The Origin Story of Trump's Guilty Verdict

For years, China’s real estate market was booming. Developers, home buyers and Western banks rushed to invest. But the boom turned into a bubble, which eventually burst. WSJ’s Rebecca Feng  reports on the warning signs that were ignored and we speak to two people who saw the collapse coming. 



Further Reading: 

-The Folly of China’s Real-Estate Boom Was Easy to See, but No One Wanted to Stop It-Evergrande Was Once China’s Biggest Property Developer. Now, It Has Been Ordered to Liquidate. 



Further Listening: 

-China’s Property Market Crisis 

-China’s Evergrande Crisis 

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The Big Short: China Edition

Assistant Attorney General Jonathan Kanter heads the Department of Justice’s Antitrust Division. He speaks with Ryan Knutson about the DOJ’s lawsuit against Live Nation and Ticketmaster, and why the government says the business is an illegal monopoly which the company denies.



Further Reading:

- Justice Department to Sue Live Nation, Seek Breakup of Concert and Ticketing Giant 

- Justice Department Sues to Break Up Live Nation-Ticketmaster 



Further Listening:

- The Taylor Swift Ticketmaster Debacle 

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The Trustbuster Taking on Ticketmaster

For over a century, the NCAA has refused to pay athletes. After a recent settlement, that’s going to change. The organization has agreed to set aside $2.8 billion in back payments for some student athletes and moving forward, allow players to get a cut of television revenue. WSJ’s Jared Diamond explains what it might mean for the future of college athletics.



Further Reading:

-NCAA Agrees to Share Revenue With Athletes in Landmark $2.8 Billion Settlement 

-He Was the $13 Million QB Recruit. Now He’s Suing the Boosters Who Never Paid Up. 



Further Listening:

-Why an Ivy League Basketball Team Voted to Unionize 

-The TikTok That Changed College Hoops 

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$2.8 Billion for College Athletes and a New World for the NCAA

Trillion Dollar Shot, our new series about drugs like Ozempic, will be back next week. Until then, we think you’d enjoy a show from our friends over at Science Vs, a podcast that takes on fads, trends and the opinionated mob to find out what’s fact, what’s not and what’s somewhere in between. This episode examines the fears around the new class of blockbuster weight-loss drugs.



This episode does deal with depression and suicidal thoughts. If you are in the U.S. and need help, dial 988.



Full list of international hotlines here. 

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The Family Drama Inside Estée Lauder

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