Plus: Activist investor Elliott Investment Management is pushing for changes at PepsiCo. And a federal judge rules that President Trump’s deployment of troops in Los Angeles was illegal. Alex Ossola hosts.

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Plus: Swiss food giant Nestlé fires its CEO Laurent Freixe over a relationship with a subordinate. And, online payments provider Klarna readies its much-anticipated IPO. Azhar Sukri hosts.

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Nvidia and other AI-linked stocks lead a broad market retreat. Plus: Caterpillar says it expects to take a bigger hit from tariffs. And we report Kraft Heinz is closing in on a plan to break itself up. Alex Ossola hosts.

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Plus: U.S. inflation persisted above the Fed’s target in July. President Trump revokes Kamala Harris’s Secret Service protection. Alex Ossola hosts.

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Plus: The Trump administration’s trade policies are starting to hit Americans’ wallets as a number of retailers raise prices. And, Caterpillar shares dip in offhours trading after the company says tariffs will have a bigger impact on its bottom line than previous estimates. Azhar Sukri hosts.

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The chipmaker’s stock was down less than 1%. Plus: Spam maker Hormel Foods announces price increases. Katherine Sullivan hosts.

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Plus: The eurozone’s economic outlook fell in August. Russia launches its deadliest attack on Ukraine since Trump’s Alaska summit with Putin. Alex Ossola hosts.

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Plus: President Trump fires a member of the railroad regulator that’s evaluating a merger between Union Pacific and Norfolk Southern. And, BYD outsells Tesla in Europe. Azhar Sukri hosts.

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Plus: S&P closes at record high. Kohl’s stock surges on positive sales report. And shares of Cracker Barrel rally after the restaurant chain reverts to its old logo. Katherine Sullivan hosts.

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An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor.

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Plus: The FBI says that the scale of China’s “Salt Typhoon” espionage campaign far exceeded initial estimates. The Trump administration takes control of Washington, D.C.’s Union Station. Pierre Bienaimé hosts.

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An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor.

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