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WSJ What’s News

What Would an American Sovereign-Wealth Fund Look Like?

WSJ What’s News

The Wall Street Journal

News, Daily News

4.14.2K Ratings

🗓️ 10 September 2024

⏱️ 15 minutes

🧾️ Download transcript

Summary

A.M. Edition for Sep. 10. As Kamala Harris and Donald Trump gear up for their first–and only–scheduled debate tonight, the WSJ’s Greg Ip discusses a policy idea that has garnered traction across the aisle–and how it might work in practice. Plus, the EU’s top court upholds rulings ordering Apple and Google to pay billions as the bloc tries to rein in alleged abuses by Big Tech. And, Israel launches a deadly strike in a humanitarian zone in Gaza, saying it’s targeting a Hamas cell. Luke Vargas 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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0:00.0

Tn B. Tech Minute gives you the day's top tech headlines, from the big names in Silicon Valley to the

0:05.9

halls of power. If it's making news in tech, we've got it. Check out Tn B. Tech Minute in the

0:11.4

tech news briefing feed from the Wall Street Journal.

0:14.0

Apple and Google failed to overturn multi-billion dollar rulings against them in Europe.

0:24.8

Plus, Israel launches a deadly strike in a humanitarian zone in Gaza,

0:29.4

saying it's targeting a Hamas cell,

0:32.1

and ahead of tonight's presidential debate will look at a pair of

0:35.8

economic policy ideas that have garnered traction across the aisle and consider how they might

0:40.7

work in practice. There's a pretty decent possibility we'll have something that looks or smells like a sovereign wealth fund,

0:47.0

but I would not expect it to be large or consequential.

0:50.0

And the reason why is that first of all money is scarce.

0:54.0

It's Tuesday September 10th.

0:56.0

I'm Luke Vargas for the Wall Street Journal

0:58.0

and here is the AM edition of What's News.

1:01.0

The top headlines and business stories moving your world today.

1:08.7

The European Union's top court today has handed down a pair of rulings that will force Apple and

1:14.8

Alphabet's Google to pay billions of dollars as competition authorities in the

1:19.8

block continue their efforts to rein in alleged abuses by big tech companies.

1:25.1

In one decision, the court upheld an order for Ireland to recoup up to $14.4 billion from

1:30.8

Apple.

1:32.2

That follows a 2016 determination from the EU's

1:34.9

executive arm that Ireland granted Apple benefits that violated EU rules on

...

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