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WSJ What’s News

What’s News in Markets: EA’s Goodbye, TrumpRx, FICO Tweak

WSJ What’s News

The Wall Street Journal

News, Daily News

44K Ratings

🗓️ 4 October 2025

⏱️ 6 minutes

🧾️ Download transcript

Summary

What do investors think of Electronic Arts saying game over to the public markets? And how did Pfizer do amid pharma stocks’ TrumpRX-fueled rally? Plus, who were the winners and losers in a change to how FICO scores are bought and sold? Host Francesca Fontana discusses the biggest stock moves of the week and the news that drove them. Sign up for the WSJ's free Markets A.M. newsletter Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:28.9

You got this.

0:33.3

Hey listeners, it's Saturday, October 4th. I'm Francesca Fontana for the Wall Street Journal,

0:39.3

and this is What's News and Markets, our look at the biggest stock moves of the week and the news

0:44.1

that drove them. Let's get to it. Let's start with the government shutdown in the U.S., shall we?

0:50.6

How the stock market has been reacting both before and after the shutdown that started Wednesday.

0:56.2

While stocks were weighed down early in the week, we saw investors mostly shrugging off the shutdown,

1:01.7

which, remember, delayed Fridays, September jobs report, and could lead to a blackout of key economic data.

1:08.5

And that strength is thanks to a few things. For one, a rally in

1:12.9

pharmaceutical stocks helped lift major indexes on Tuesday. More on that in a second. And there's

1:19.1

continued enthusiasm over AI. Now let's talk closing records. This week's performance by the three

1:24.9

major indexes brought the grand total of closing records for 2025 to 72.

1:30.3

On Friday, the Dow notched its 11th record close of the year, while the SMP notched its 31st.

1:37.3

And on a weekly basis, all three indexes ended with gains of more than 1%. Electronic Arts is saying game over to public markets in the largest leveraged buyout of all time.

1:57.7

The video game maker, which you may know is the publisher of the Sims, Madden NFL, etc., said on

2:03.7

Monday that it would go private in a $55 billion mega deal with a group of investors. Before this deal

2:09.7

took its place on the leaderboard of biggest leveraged buyouts, the previous record belonged to

2:15.0

the 2007 purchase of Texas utility TXU by a group of private equity

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