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Why politicians have stopped talking about a climate crisis.

Plus, what's driving one of Wall Street's best years ever?

People are turning to their banks saying, hey, help me trade, help me borrow more money to trade.

All that leads to record markets revenue.

And President Trump says he's still deciding between two Kevins to lead the Federal Reserve next year.

It's Friday, December 12th.

I'm Alex Oslo 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.

Major U.S. stock indexes fell today. The NASDAQ led the losses, dropping 1.7% after it was dragged down by Broadcom stock.

The chipmaker dropped more than 11% and suffered its largest one-day market cap loss on record, losing $219 billion, according to Dow Jones market data, after its latest earnings report.

The company posted a record $18 billion in sales, but raised questions about its sales forecasts and margins.

Chief Executive Hock-Tan said Broadcom's fast-growing AI business has lower gross margins than other areas,

while its forecast for non-AI revenue for the current quarter was flat.

The Dow dropped half a percent, and the S&P 500 lost 1.1%.

Meanwhile, Bank of America notched a symbolic win today when its share price finally recovered from the 2008 financial crisis, closing at its first record high since November 2006. The shares are now up 25% this year

and closed up 1.1% today at $55.14 a share. Bank of America isn't the only big bank having a great year.

This year is wrapping up as one of the best years ever for Wall Street,

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