WeWork, the office space coworking company, filed for bankruptcy yesterday. The company’s decision comes after it struggled with debt and a slump in the commercial real estate market. WSJ’s Eliot Brown recounts how the embattled startup ended up in bankruptcy.

Further Listening:

-WeWork’s CEO on the Future of Work 

-WeWork: The Enablers 

Further Reading:

-Adam Neumann Wounded WeWork. An Office Market Bust Finished It Off. 

-WeWork, Once Valued at $47 Billion, Files for Bankruptcy 

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Home buyers and sellers face the prospect of major changes to the ways they pay their real-estate agents, following a historic verdict against the National Association of Realtors and large residential brokerages. WSJ’s Laura Kusisto explains the stakes.

Further Reading:

-The Way You Pay to Buy or Sell a Home Is About to Change 

-Jury Finds Realtors Conspired to Keep Commissions High 

-Real-Estate Commissions Could Be the Next Fee on the Chopping Block 

Further Listening:

-Homeowners Don’t Want to Sell. So Builders Are Cashing In. 

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Brothers Ben and Max Morrissey were killed over a year ago by an explosion at their workplace, an oil refinery co-owned and operated by the oil giant BP in Ohio. WSJ's Jenny Strasburg talks to family members the brothers left behind and investigates what went wrong at the refinery.

Further Reading:

-He Feared His Refinery Job. His Brother Stayed to Help. The Explosion Hit at 6:46 P.M. 

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A jury convicted FTX founder Sam Bankman-Fried of stealing billions of dollars from customers and lenders, in what prosecutors called one of the biggest financial frauds in U.S. history. Rachel Humphreys and Caitlin Ostroff were inside the courtroom for the verdict. 

Further Reading:

- What’s Happening Today at the Sam Bankman-Fried Trial 

Further Listening: 

- The Trial of Crypto’s Golden Boy 

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Meta, the parent of Facebook and Instagram, will soon find out how much users in Europe are willing to pay to access its social media platforms without ads. Meta’s subscription plan is the company’s latest move to address data privacy concerns from European Union regulators. WSJ’s Sam Schechner explains. 

Further Reading:

- Meta Pauses Ads for Users Under 18 in Europe as It Rolls Out Subscriptions 

- Meta Plans to Charge $14 a Month for Ad-Free Instagram 

Further Listening:

- How Apple Lost to the EU 

- Meta’s Metaverse Mess 

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Both the prosecution and the defense make their final pitches to the jury as FTX founder Sam Bankman-Fried’s trial comes to a close. Rachel Humphreys and Caitlin Ostroff unpack closing arguments and look ahead to the trial’s conclusion.

Further Reading:

- What’s Happening Today at the Sam Bankman-Fried Trial 

Further Listening: 

- The Trial of Crypto’s Golden Boy 

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Randy Hatton and Leslie Hendeles spent nearly two decades trying to convince the Food and Drug Administration that phenylephrine, a drug commonly used in cold medicines, was ineffective. In September, an advisory panel finally agreed. Now, some of the medicines are being pulled from store shelves.

Further Reading:

- If Some Cold Medicines Don’t Work, What Should You Take for a Stuffy Nose? 

- CVS Pulls Certain Cold Medicines From Shelves and Will Stop Selling Them 

- These Are the Two Scientists Taking Down Cold Medicines That Don’t Work 

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A Danish antiques dealer named Ittai Gradel noticed a particular seller repeatedly listing valuable items for sale online at rock-bottom prices. WSJ's Max Colchester recounts how Gradel's sleuthing would eventually reveal a major antiques heist involving stolen British Museum antiquities. 

Further Listening:

-How Investigators Cracked a $3.4 Billion Crypto Heist 

-Is This Painting a Masterpiece? AI Is On the Case 

Further Reading:

-How an Academic Uncovered One of the Biggest Museum Heists of All Time 

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Prosecutors have started to cross examine Sam Bankman-Fried on the witness stand. Rachel Humphreys and Caitlin Ostroff explore the competing narratives being painted by the government and the defense.

Further Reading:

- What’s Happening Today at the Sam Bankman-Fried Trial 

Further Listening: 

- The Trial of Crypto’s Golden Boy 

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Today, General Motors became the last of the Detroit automakers to reach a tentative deal with the United Auto Workers union. It follows tentative agreements struck last week with Ford and Stellantis and is expected to end a strike that has spanned more than six weeks. We speak to WSJ’s Nora Eckert about the agreements reached and what it means for the U.S. auto industry and labor movement. 

Further Reading:

- Detroit Is Paying Up to End the UAW Strike. Now Carmakers Will Live With the Costs. 

Further Listening:

- 2023: The Year of the Strike 

- ‘We’ll Strike All Three’: The UAW’s Historic Walkout 

- Meet the Man Who Has Detroit on Edge 

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