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WSJ Minute Briefing

The Justice Department Is Investigating Beef Companies in a Criminal Antitrust Probe

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1671 Ratings

🗓️ 20 April 2026

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus: Businesses can now officially request tariff refunds from the U.S. government. And FBI director Kash Patel sues the Atlantic publication for defamation. Alex Ossola 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

Boardrooms love buzzwords. AI, climate, resilience. But what do they actually mean for CFOs and execs trying to survive the next earnings call? That's where the pre-read comes in. Real experts and real talk. Subscribe to the pre-read, presented by Workieva.

0:18.4

Here's your midday brief for Monday, April 20th. I'm Alex O'Sullough for the Wall Street Journal.

0:24.5

We're exclusively reporting that the Justice Department's Antitrust Division has opened a criminal

0:29.1

investigation into meatpacking companies. Last year, President Trump called for a probe of beef

0:34.4

companies, accusing them of manipulating prices for cattle and driving up prices for consumers.

0:39.6

The Justice Department had disclosed an investigation of beef companies after Trump's call for intervention,

0:44.6

but officials haven't revealed that it's a criminal matter.

0:47.8

Starting today, businesses can now officially request refunds on tariffs paid to the U.S. government.

0:53.2

A system set up by U.S. Customs and Border

0:55.3

Protection launched today to allow U.S. importers to file the refund claims. Companies paid

1:00.5

$166 billion in tariffs over the past year. A February ruling from the Supreme Court determined

1:06.3

they were collected illegally. And FBI director Cash Patel has filed a defamation lawsuit against the

1:12.8

Atlantic Magazine and one of its writers. In the suit, which was filed in federal district court in

1:18.1

Washington, D.C. today, Patel alleges that an article about his drinking and overall conduct was

1:23.1

malicious and factually inaccurate. He's seeking $250 million in damages. The publication said that

1:29.4

it stands by its reporting and called the lawsuit, quote, meritless. Heads up, an artificial

1:34.8

intelligence tool helped us make this episode by creating summaries that were based on

1:38.8

WSJ reporting and then reviewed and adapted by an editor. We'll have more coverage of the day's news on

1:45.0

the WSJ's What's News podcast. You can add it to your playlist on your smart speaker or listen

1:49.9

and subscribe wherever you get your podcasts. Enterprises are already creating efficiencies with

1:55.4

agenic AI, particularly in areas like finance, HR, and IT, says Jason Gersadis, CEO of Deloitte US.

2:03.1

Those will continue to proliferate and strengthen.

...

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