Catastrophe Investors Brace for Hurricane Season

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 20 June 2024

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for June 20. WSJ Heard of the Street columnist Telis Demos explains what is attracting investors to catastrophe insurance during a summer of extreme weather. And the Supreme Court upholds a 2017 tax on foreign investments in a decision that leaves unresolved other questions about federal taxing powers. Supreme Court correspondent Jess Bravin explains. Plus, the death of actor Donald Sutherland. Francesca Fontana hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Tn B. Tech Minute gives you the day's top tech headlines, from the big names in Silicon Valley to the
0:05.9	halls of power. If it's making news in tech, we've got it. Check out Tn B. Tech Minute in the
0:11.4	tech news briefing feed from the Wall Street Journal.
0:14.0	Insurance investors are flirting with natural disasters,
0:22.0	despite forecasts of severe summer weather.
0:25.6	And the Supreme Court rules on a tax case that had threatened to shut the door on a wealth
0:30.0	tax.
0:31.0	The interest in this case was really for the Supreme Court to look at an
0:35.0	unanswered question about the 16th Amendment which authorizes the income tax and
0:39.4	that is what does income actually mean?
0:43.8	Does income have to be money received by a taxpayer?
0:48.6	Plus, volleyball isn't just for girls anymore.
0:51.6	How the traditionally female-dominated sport is booming with male
0:54.7	students.
0:55.7	It's Thursday, June 20th.
0:58.2	I'm Francesca Fontana for the Wall Street Journal.
1:01.0	This is the PM edition of What's News? The top headlines and business stories
1:05.2	that moved the world today.
1:10.6	In technology news, we have found that Instagram recommends sexual videos to accounts for 13 year olds that appear interested in racy content and it does so within minutes of when they first log in.
1:21.0	That's what's been shown by tests run by the Wall Street Journal
1:24.6	and an academic researcher over the course of seven months. The tests, which ended in June,
1:30.3	showed that the social media platform has continued pushing adult oriented content to minors.
	...

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