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WSJ Minute Briefing

European Leaders Discuss Reopening Strait of Hormuz

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1671 Ratings

🗓️ 2 April 2026

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus: Investors in two of Blue Owl Capital’s biggest private-credit funds asked to pull out roughly $5.4 billion in the first quarter. And Tesla and Rivian report sales growth. Imani Moise 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

I think the potential of Agenic is to rethink how work gets done overall.

0:05.0

It challenges all sorts of traditional orthodoxies around how organizations execute the work at hand.

0:11.3

That's Jason Gersatus, CEO of Deloitte U.S., talking about the transformational potential of A.Gentic AI.

0:17.9

Join him later to learn why agents are a game changer for businesses across industries.

0:25.9

Here's your midday brief for Thursday, April 2nd. I'm Imani-Mauese for the Wall Street Journal.

0:31.6

The UK is holding a meeting of 35 nations, not including the U.S., to discuss how to reopen the

0:37.0

Strait of Marmuz once the fighting

0:38.1

is stopped. European Commission President Ursula von der Leyen pledged to work with partners

0:42.2

following a call with the UK's prime minister. Meanwhile, French President Emmanuel Macron

0:47.4

told reporters that using force to reopen the strait was unrealistic and called for a return to

0:52.0

negotiations. Blue Owl Capital is lowering its redemption

0:55.9

rate to 5% after investors in its $36 billion private credit fund acts to withdraw nearly a quarter

1:02.3

of their money. They also sought to pull 41% out of a separate technology focus fund. Following a

1:08.3

handful of high-profile defaults in the past year, wealthy individuals are

1:11.6

retreating across private credit, forcing fund managers to limit redemptions to stabilize their

1:16.1

portfolios. The Treasury Department said yesterday that it's calling a meeting with regulators to

1:20.6

discuss the risk for the sector. And Tesla reported a 6.3% jump in deliveries in the first quarter

1:27.0

compared with the same quarter last year.

1:29.4

Tesla's final tally was about 358,000 EVs delivered globally.

1:34.1

Meanwhile, rival EV-Maker Rivian reported a 30% increase in deliveries in Q1 to roughly 10,000 vehicles.

1:40.9

The two companies' sales growth contrasts with the broader auto industry. Ford and

1:45.8

General Motors both reported significant sales declines earlier this week, though that was across all

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