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WSJ Minute Briefing

Trump to Release Farm Aid Frozen by Government Shutdown

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1671 Ratings

🗓️ 22 October 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus: We reveal the major players funding Meta’s new $27 billion data centre. And, how one sports better is entering the world of prediction markets. Caitlin McCabe hosts. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Corporate megastores are spending millions lobbying DC politicians on one-sided policies that send small businesses tumbling.

0:08.1

They want to enact harmful credit card mandates that take resources away from your local credit union and community bank.

0:14.7

Leaving Main Street businesses with less access to credit, making it harder for your family to pay for everyday goods like gas and groceries.

0:23.1

Tell Congress to guard your card and oppose the Durban Marshall Credit Card mandates.

0:28.4

Paid for by Electronic Payments Coalition.

0:32.9

Here's your morning brief for Wednesday, October 22nd. I'm Caitlin McCabe for the Wall Street Journal.

0:39.2

The Trump administration is planning to release more than $3 billion in aid to U.S. farmers

0:45.1

that have been frozen as a result of the government shutdown. According to administration officials,

0:51.0

Trump directed the Agriculture Department to distribute the money from a fund that was

0:56.0

used to bail out distressed farmers during Trump's first term. The sector has been grappling with

1:01.8

the fallout from President Trump's trade war with China, including low commodity prices and rising

1:07.1

prices for equipment. We are exclusively reporting that BlackRock is among the biggest investors in a $27 billion

1:15.8

private debt deal behind Meta's construction of a data center in Louisiana called Hyperion.

1:22.5

Last week, BlackRock bought more than $3 billion of bonds to finance the data center,

1:28.4

with the project 80% owned by private credit manager Blue Owl Capital. Facebook Parent Meta owns the remaining

1:34.5

stake according to S&P global ratings. The deal highlights the scale of the artificial intelligence

1:40.8

buildout and its demand for capital. It is the largest private debt offering ever.

1:47.4

And sports betting giant Draft Kings is entering the world of prediction markets, acquiring

1:52.4

trading company Railbird technologies, and launching a new app that will let users place money

1:57.9

on events. The venture means users can bet on sports games, as well as things

2:02.8

like elections and natural catastrophes and as part of the company's efforts to compete with rivals.

2:08.8

Drafking stock rallied after hours on the news. Asian stocks ended the day mixed with European

...

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