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WSJ Minute Briefing

New Government Rule Would Move Private Credit Closer to 401(k)s

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1671 Ratings

🗓️ 30 March 2026

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus: Treasury Secretary Scott Bessent says the U.S. plans to eventually take control of the Strait of Hormuz. And the CEO of Air Canada will retire following a bungled condolences message after the LaGuardia crash. 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 Monday, March 30th. I'm Imani Moise for the Wall Street Journal.

0:31.4

The Labor Department proposed a regulation today that would open 401K and similar retirement

0:35.7

plans to private equity and private credit.

0:38.3

It's a win for Wall Street firms. They've pushed to make alternative investments more available

0:42.3

to retail investors for years. But the timing may raise eyebrows, given that there's been a lot

0:47.1

of turbulence recently in the private credit market. Treasury Secretary Scott Besant says the

0:52.1

U.S. plans to take control of the Strait of Ormuz eventually.

0:56.0

He said today that 30 ships pass through the critical Iranian waterway over the last two days.

1:00.9

That's eased some global supply constraints, but there's still a deficit of 10 to 12 million barrels of oil a day.

1:07.2

Besant says either American or multinational escorts could help traffic through the street.

1:12.0

And Air Canada says Chief Executive Michael Rousseau will retire this year.

1:16.4

There's been intense criticism of him and the company from Canadian Prime Minister Mark Carney and Quebec lawmakers.

1:22.0

After Rousseau spoke only in English in a video offering condolences for the fatal runway collision at LaGuardia Airport.

1:28.4

An airline spokesman says the departure isn't linked to the language flap.

1:31.7

The board of directors, which is looking for a new CEO, says the ability to speak French will be a consideration.

1:37.3

Heads up, an artificial intelligence tool helped us make this episode by creating summaries that were based on WSJ reporting and then reviewed and adapted

1:44.6

by an editor.

1:45.7

We'll have more coverage of the day's news on the WSJ's What's News podcast.

...

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