This podcast is brought to you by Dinotrace, the leader in AI-powered observability,

with analytics, automation, and next-level intelligence on one unified platform.

Dinotrace delivers the visibility and real-time insights you need to deliver better,

more secure software, successful AI initiatives, and innovation at the speed of business.

Turn data into decisions that drive your business forward with AI-powered observability where it counts.

Learn more at dinotrace.com slash WSJ. That's www. dynat-r-a-t-c-e dot com slash W-S-J.

The Supreme Court hears a case that will decide the future of President Trump's tariffs.

The vehicle is in position of taxes on Americans, and that has always been the core power of Congress.

Plus, the president's response to Democrat election victories and the filibuster.

And France moves to suspend Sheehan's website after discovering childlike

sex dolls for sale on its platform. It's Wednesday, November 5th. I'm Alex O'Sullough for the

Wall Street Journal. This is the PM edition of What's News, the top headlines and business

stories that move the world today. In a breaking news update, the Federal Aviation Administration says it's ordering airline

traffic to be reduced by 10% in 40 locations while air traffic controllers work without pay

during the government shutdown. See more at WSJ.com.

The U.S. Supreme Court this morning heard arguments on one of the most consequential economic

and political cases to come before it in decades. The nine justices are weighing whether the

president's sweeping global tariffs under the International Emergency Economic Powers Act

without congressional approval are lawful, as well as tariffs on Canada, China, and Mexico related to fentanyl.

The challengers, a group of small businesses and states, say he exceeded his legal powers.

Lower courts have agreed, and now it's up to the Supreme Court to decide the fate of a cornerstone of the president's agenda.

During the hearing today, justices on both sides of the

...