The Powers That Be: Daily

The besties Jon Kelly and Peter dig into Hollywood’s embrace of Johnny Depp’s comeback, proving real movie stars remain rare enough to forgive almost anything—even among the audiences likeliest to hold a grudge. Then they turn to the backlash emanating from Stanley Druckenmiller’s A.I.-assisted ‘WSJ’ op-ed, and why the paper is standing by it.

Julia Alexander joins Peter to unpack Meta’s landmark $17 billion settlement with U.S. states over claims Instagram and Facebook harmed teens—and why fixes like two-hour limits and midnight curfews might be easy to dodge. Then they get into Kalshi’s push into sports media, including a possible tie-up with The Athletic and The New York Times, and what it means for journalism’s growing embrace of prediction markets.

Dylan Byers joins Peter to break down 60 Minutes’ star-studded, controversy-shadowed relaunch under Bari Weiss and Nick Bilton: its new correspondents, the internal drama, and whether the show’s reputation—and Weiss’s—survives its September 13th debut. Then they unpack The New York Times’s quest for its own AI search tool, betting that readers want to talk to the paper the way they talk to ChatGPT.

Leigh Ann Caldwell joins Peter to break down Alexandria Ocasio-Cortez’s mounting 2028 presidential calculus, which is colliding with her new single life while she chronicles her egg-freezing journey in real time. The pair walk through her options, her calculated endorsement restraint this primary season, and why encouraging early-state polling numbers still can’t erase real doubts about her general-election viability.

Bill Cohan joins Peter to break down the swift, bipartisan grassroots revolt against data centers and the A.I. companies racing to build them—from Josh Shapiro’s about-face in Pennsylvania to Kathy Hochul’s New York moratorium—and why Wall Street’s trillion-dollar financing spree suggests nobody’s slowing down yet. Then the pair try to wrap their heads around why Bitcoin is suddenly surging after a brutal year.

The besties Jon Kelly and Peter reunite to examine the New York Times’s uneasy relationship with creator-journalists like Pablo Torre, whose bombshell Clippers investigation—now contradicted by ESPN’s reporting—may not have survived The Gray Lady’s standards desk. Then they turn to MS NOW’s $8-a-month streaming offering, and whether a partisan network can build a subscriber business the way The Bulwark has.

Malique Morris joins Peter to unpack J.Crew’s preppy renaissance—buoyed by buzzy campaigns with Bad Bunny and Jasmine Tookes—and why all that reclaimed cool may not be showing up on the balance sheet. Then they dig into Vette, Condé Nast’s ambitious new affiliate-marketing venture, and debate whether shoppers will really flock to influencer-run storefronts over the retailers they already know.

Julia Ioffe joins Peter to discuss how Trump’s cascading misadventures in the Middle East are hanging over the midterms—driving up gas prices, scrambling party politics on Iran and Gaza, and fueling more insurgent challengers than ever. Then they turn to the president’s renewed tariff threats, and how Israel could become the defining litmus test issue of 2028.