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WSJ Minute Briefing

Atlanta Fed President Raphael Bostic to Retire in February

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1671 Ratings

🗓️ 12 November 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus: Chevron becomes more serious about entering the power business. And Toyota opens a $14 billion battery plant in North Carolina. Zoe Kuhlkin hosts. Sign up for WSJ’s free What’s News newsletter. 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Leaders must make cybersecurity a technological and cultural imperative, says Deloitte U.S. CEO Jason Gorsadas.

0:07.2

The level of sophistication from bad actors is only intensifying. That's put a huge premium on enterprises investing in robust platforms versus standalone systems.

0:17.5

AI, he says, is critical for protection.

0:20.2

It is preparing organizations to be able to detect

0:22.9

threats faster, which is critical to analyze vast amounts of data to identify patterns that

0:28.6

humans might miss. Visit Deloitte.com to learn how security can help drive innovation.

0:41.1

Here's your midday brief for Wednesday, November 12th.

0:43.6

I'm Zoe Colkin for the Wall Street Journal.

0:51.6

Atlanta Federal Reserve President Rafael Bostic says he's retiring when his five-year term expires at the end of February.

0:55.2

The regional bank leader ran afoul of financial disclosure rules three years ago, but had the support of his board of directors at the time. Fed Chair Jerome Powell said

1:00.9

today that it was a, quote, privilege to serve alongside Bostick, who brought a steady voice to policy

1:06.9

discussions. Chevron is planning to boost oil and gas production by up to 3% a year through 2030, and

1:14.8

is becoming more serious about entering the power business.

1:18.1

In an annual presentation to investors, the company said it is aiming to start a power plant

1:22.8

that would serve an AI data center in the West Texas shale patch.

1:26.8

The plant is expected to come online by 2027.

1:30.3

And Toyota is doubling down on its hybrid car strategy with a new $14 billion

1:36.3

battery plant in North Carolina.

1:38.3

The plant's batteries are going into hybrids assembled in Kentucky and Alabama.

1:42.3

The North Carolina plant is the automaker's first

1:45.4

battery production site outside Japan and will enable the automaker to continue its gas electric

1:50.7

hybrid push in the U.S. while reducing shipping distances and avoiding tariff risk. Toyota has long

...

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