Crypto’s Hope for Trump’s Presidency? Bank Accounts

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 12 December 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Dec. 12. The cryptocurrency industry is hoping that under the Trump administration their relationship with banks will improve. Wall Street Journal finance reporter Angel Au-Yeung explains what that could look like. And the failed merger between supermarket operators Kroger and Albertsons will be a hit to their growing advertising businesses, says WSJ reporter Patrick Coffee. Plus, Warner Bros. Discovery restructures into two divisions, which could better position it for deals down the line. Alex Ossola 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	Amazon Q Business is the generative AI assistant from AWS, because business can be slow, like waiting through mud.
0:07.4	But Amazon Q helps streamline work so tasks like summarizing monthly results can be done in no time.
0:12.7	Learn what Amazon Q business can do for you at AWS.com slash learn more.
0:19.6	A restructuring of entertainment giant Warner Brothers Discovery could better position it for deal-making down the road.
0:26.4	And people involved in cryptocurrency are hoping that the incoming Trump administration will help them finally get bank accounts.
0:33.4	While they want themselves to be an alternate banking infrastructure, they themselves still depend on traditional banks on running their companies.
0:41.9	Plus, interested in working 80 hours a week for no pay, that's what the new Department of Government Efficiency is promising applicants.
0:48.9	And it's got people saying, sign me up.
0:51.3	It's Thursday, December 12th.
0:53.3	I'm Alex O'Sullough for the Wall Street Journal. This is the PM edition of What's Thursday, December 12th. I'm Alex Osala for the Wall Street Journal.
0:55.7	This is the PM edition of What's News, the top headlines and business stories that move the world today.
1:03.2	We're starting off this evening with some business news.
1:06.4	Warner Brothers Discovery set its restructuring into two operating divisions, one focused on the legacy
1:11.7	cable TV business and the other on streaming and studios. The proposed reorganization
1:17.0	comes as the company seeks to persuade Wall Street that it's set up to compete with other
1:21.4	entertainment industry giants and deep-pocketed streaming rivals. Ever since Warner emerged from
1:26.4	a blockbuster merger in April
1:27.9	2022, there's been speculation in the media world that it would eventually be an acquisition
1:32.8	target or combine with another company to build scale. Warner said it expects the new structure
1:37.6	to be in place by the middle of 2025. Producer prices in the U.S., a measure of the prices businesses received for their goods and services, rose by 0.4% in November from a month earlier.
1:51.0	A bigger increase than economists were expecting.
1:54.0	The Labor Department said the rise was driven by a jump in goods prices.
	...

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