Tariff Uncertainty Weighs on U.S. Stocks and Business Leaders

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 23 February 2026

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Feb. 23. U.S. stocks were down today after the latest tariff moves over the weekend, while U.S. business leaders are scrambling to figure out what this means for them. We hear from reporter Chip Cutter about the questions they have and how they’re trying to address them. Plus, Anthropic has accused three Chinese AI companies of using its Claude model to improve their own systems. WSJ reporter Robert McMillan discusses why Anthropic says that’s a threat to national security… and its business. And the Pentagon is flagging risks of a major operation against Iran to President Trump. 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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0:28.6	real estate professionals. Anthropics says Chinese AI companies are using Claude to train their own models.
0:38.3	Plus, stocks slump on tariff uncertainty, while U.S. business leaders scramble for answers.
0:44.3	President Trump's announcements on Friday and Saturday, reiterating that tariffs are still a big part of his agenda,
0:50.3	I think has left many executives struggling to understand. Where do we go from here?
0:55.1	What does this mean for our companies? Do we get refunds back to consumers ask for them?
0:59.8	And in the weight loss drug market, Novo Nordisk's fortunes fall while Eli Lillies rise.
1:05.1	It's Monday, February 23rd. I'm Alex Oslo for the Wall Street Journal. This is the PM edition
1:10.6	of What's News, the top headlines and business stories that move the world today.
1:18.7	U.S. stocks have fallen sharply today. Among the major indexes, the Dow led the losses, dropping 1.7% with declines in American Express, Goldman Sachs, and J.P. Morgan
1:29.3	pulling down the benchmark. The NASDAQ lost 1.1% and the S&P fell 1%.
1:35.0	WSJ Markets reporter Hannah Aaron Lang says there are a few factors driving the sell-off.
1:40.6	So you didn't see huge swings in the market in the immediate wake of the Supreme Court decision.
1:45.6	However, you've seen the president talking about finding new ways to impose tariffs. And I think
1:50.8	that introduced this source of volatility back into the market where investors are once again
1:55.0	wondering what options the president might pursue or which companies might be impacted.
	...

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