Bernard Arnault is the richest person in the world and he has spent decades preparing his five children to run his luxury-brand empire, LVMH. WSJ’s Nick Kostov learned Arnault drilled his kids in mathematics, brought them along on business trips, inside negotiations and has elevated them into senior roles. But the question remains: who will succeed Arnault at the helm of the world’s biggest luxury conglomerate? 

Further Reading:

- The World’s Richest Person Auditions His Five Children to Run LVMH, the Luxury Empire 

Further Listening:

- How a Deal to Buy Tiffany Lost Its Sparkle 

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To address a nursing shortage, some of the nation’s largest hospital systems have started to use apps similar to those used for ride-hailing. WSJ’s Melanie Evans explains the pros and cons of the gig work model for nurses and hospitals.

Further Reading:

- Nurse Shortage Pushes Hospitals Into the Gig Economy 

Further Listening:

- Mass Layoffs or Hiring Boom – Which Is It? 

- One Nurse, Three Covid Hotspots 

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Jimmy Zhong appeared to have pulled off the perfect crime. In December 2012, he stumbled upon a software bug that allowed him to steal 50,000 bitcoins from a site on the dark web called the Silk Road. WSJ’s Robert McMillan explains how Zhong’s stolen crypto stayed hidden until investigators developed better ways to track down crypto criminals. 

Further Reading:

- The U.S. Cracked a $3.4 Billion Crypto Heist — and Bitcoin’s Anonymity 

Further Listening:

- How The Government Tied One Couple to Billions in Stolen Bitcoin 

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It has been three weeks since Wall Street Journal reporter Evan Gershkovich was detained in Russia on an allegation of espionage that the Journal and the U.S. government vehemently deny. Yesterday, Evan appeared at a pretrial hearing in Moscow. WSJ's Ann M. Simmons explains what happened at court and what comes next.

Further Reading:

- Russian Court Upholds WSJ Reporter Evan Gershkovich’s Detention 

- A Tense Wait for an Imprisoned Son 

- Jailed WSJ Reporter in Letter Home Says He Is ‘Not Losing Hope’ 

Further Listening:

- A WSJ Reporter Arrested in Russia 

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In 2017 the FDIC created a pool of banking veterans who would step up to help in the event of another financial crisis. For years, no one needed them. That changed last month when Tim Mayopoulos and Greg Carmichael were called in to run Silicon Valley Bank and Signature Bank while the FDIC tried to stabilize a banking crisis.

Further Reading: 

-Collapse of SVB, Signature Bank Tests the FDIC’s Executive Reserve Corps 

-Help Wanted: Regulators Seek Executives to Staff Failed Banks 

-Signature Bank Is Shut by Regulators After SVB Collapse 

-Silicon Valley Bank Closed by Regulators, FDIC Takes Control 

Further Listening:

-Can the Government Contain a Banking Crisis 

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Dominion Voting Systems, which makes ballot machines, sued Fox News for $1.6 billion, claiming the cable network aired defamatory claims about its role in the 2020 election. Fox News denies wrongdoing. WSJ’s Erin Mulvaney explains what’s at stake as the highly anticipated trial is set to begin this week.

Further Reading: 

- Fox News, Dominion Each Face Risks If Defamation Case Goes to Trial 

- Documents From Fox Defamation Suit Spotlight Tension Between Prime-Time Hosts and News Personnel 

- In Deposition, Rupert Murdoch Says Fox News Hosts Endorsed False 2020 Election Claims 

Further Listening: 

- A Voting Machine Company Fights Disinformation With Lawsuits 

- Georgia's Secretary of State Defends the Election 

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After 35 years, Broadway's longest-running show is taking a bow. The Phantom of the Opera has sold more than 20 million tickets and grossed around $1.3 billion. MarketWatch’s Charles Passy explains what made it one of Broadway’s biggest hits.

Further Reading:

-He’s Seen ‘The Phantom of the Opera’ 13,000 Times 

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Federal investigators have arrested a 21-year-old Air National Guardsman in connection with the alleged leak of classified U.S. intelligence documents. WSJ’s Sadie Gurman discusses what we know about the documents, the arrest, and what could be next.

Further Reading:

-Air Guardsman Arrested in Connection With Leaked Documents 

-U.S. Investigation Into Leak of Classified Pentagon Documents Focuses on Insiders 

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When JPMorgan Chase paid $175 million to acquire Frank— a college financial planning startup— it touted big plans to connect with the company’s millions of users. Then it all went wrong. WSJ’s Melissa Korn recounts the story of what went wrong.

Further Reading:

- Frank Founder Faces Criminal Fraud Charges Over JPMorgan Deal 

- Frank Founder Says JPMorgan Knew How Many Users Firm Had in $175 Million Deal 

- JPMorgan Bought College Financial-Aid Platform for $175 Million—and Now Says Most of Its Users Were Fake 

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For decades, Johnson & Johnson has faced thousands of lawsuits from customers who claim the company's baby powder gave them cancer. The company denies responsibility. WSJ's Andrew Scurria explains how Johnson & Johnson is resorting to a controversial legal maneuver to try to settle the lawsuits.

Further Reading:

-Johnson & Johnson Seeks $9 Billion Settlement of Talc Lawsuits

-J&J Sharpens the Texas Two-Step

Further listening:

-Two Days of Reckoning for Opioid Makers

-A Pause on the Johnson & Johnson Vaccine

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