The Journal.

SpaceX is preparing the largest public offering ever on Friday. Elon Musk’s space-satellite-AI-social-media company plans to sell $75 billion worth of shares at a “take-it-or-leave-it” price of $135 a share. WSJ’s Corrie Driebusch takes us inside the SpaceX books and details what investors are thinking about the massive IPO. Ryan Knutson hosts. Further Listening: - Musk vs. Altman - Elon Musk's $1.25 Trillion Megamerger - The Woman Behind SpaceX Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

For years, Bill Gates was best known for his charitable work. The Gates Foundation spends billions on humanitarian efforts around the world. At one point, Gates was ranked as the world’s most admired man. But as details surface about his relationship with Jeffrey Epstein, that carefully crafted image is eroding. WSJ’s Emily Glazer reveals the lengths that Gates’s team has taken in order to burnish his reputation, and how it’s slowly cracking. Jessica Mendoza hosts. Further Listening: - How Jeffrey Epstein Made Millions From His Connections - The Growing Fallout From the Epstein Files Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

As the World Cup begins this week, we bring you a two-part Sunday special charting how FIFA built the World Cup into a global phenomenon and how it became marred in scandal and corruption. In Part 1, WSJ soccer experts Jonathan Clegg and Joshua Robinson go back to the World Cup’s origins — how it grew from a small tournament in Uruguay into a massive empire. And how an investigation by the U.S. Department of Justice prompted a moment for reckoning for FIFA. Ryan Knutson hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

There’s a new gig economy that involves training AI to do white collar jobs. And one company, Mercor, is leading the charge. The training startup hired 30,000 contractors just last year to help AI companies get their models trained up on sophisticated roles. Ryan Knutson spoke to one former Mercor contractor about the job and WSJ’s Katie Bindley lays out the tactics that have landed the startup in hot water. Further Listening: The ‘Class of AI’ Enters the Workforce AI Is Coming for Entry-Level Jobs Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

For the first time since the 1930s, more people are moving out of the U.S. than moving in. It's a trend driven largely by the Trump Administration’s deportation agenda, but WSJ’s Drew Hinshaw and Joe Parkinson also report that U.S. citizens are moving away in numbers not previously seen. The high costs of healthcare and housing, coupled with the ability to work remotely, are contributing to an exodus of young families and middle-class workers. Jessica Mendoza hosts. Further Listening: Americans Are Now a Target in Trump’s Immigration Crackdown A $100,000 Work Visa Could Rock the Tech Industry Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

The class of 2026 is the most AI-native group of graduates to come out of college, with ChatGPT debuting their freshman year. WSJ’s Allison Pohle reports on how this cohort used AI in school and what future employers expect from them. And we hear from various college students and recent graduates about their hopes and fears when it comes to AI and their careers. Ryan Knutson hosts. Further Listening: - AI Is Coming for Entry-Level Jobs - Is the AI Boom… a Bubble? Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Florida, once an affordable haven, is rapidly transforming into a state for the wealthy. As a result, living costs are rising and population growth is slowing overall. WSJ’s Arian Campo-Flores reports on the affordability crisis and speaks with Republican Senator Rick Scott about what the state can do to create better-paying jobs and housing. Ryan Knutson hosts.Further Listening: - The Florida Cops Who Act as ICE Agents - California Billionaires Are Freaking Out Over a New Tax ProposalSign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

American classrooms are awash with YouTube. One survey showed that 94% of teachers have used YouTube in their roles. A WSJ investigation reveals the business strategy behind Google’s push to bring the technology to schools and looks at how YouTube is affecting children. WSJ’s Shalini Ramachandran lays out her reporting, and Jessica Mendoza talks with a math teacher who has been wrestling with YouTube in his classroom. Further Listening: - The New Legal Strategy That Beat Social Media - Judge Rules ‘Google Is a Monopolist’ Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Nike co-founder Phil Knight visited China nearly 50 years ago and dreamed of selling sneakers. He laid out an ambitious vision—“One billion people, two billion feet”— it was an ambitious strategy. By 2010, China was among Nike’s most lucrative markets, offering a blueprint for U.S. companies seeking to cash in on China’s rise. Today, Nike’s China business is bleeding. WSJ’s Jon Emont explores the cautionary tale of Nike’s rise and fall in China. Ryan Knutson hosts. Further Listening: - Can Nike Make Its Shoes Cool Again?. - The Missteps That Led Nike Off Course - The Chinese Coffee Giant Taking on Starbucks Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Sometimes, actor Riz Ahmed says, his life feels like a spy thriller. He made his new show, “Bait,” about that feeling, and sat down with Jessica Mendoza at our Journal Live show in Los Angeles to talk about it. The actor, known for blockbusters like “Star Wars: Rogue One” and his Oscar-nominated performance in “Sound of Metal,” also spoke about his career, what it takes to succeed in Hollywood and getting the rights to a famous spy for his show. Further Listening: - Financial Influencers on Wealth and Work - Kathy Hochul on Mamdani, Trump and Where Democrats Went Wrong Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

A new chairman is taking over from Jerome Powell at the Federal Reserve. But Powell isn't leaving. He plans to stay on as a voting member on the Fed’s board of governors. WSJ’s Nick Timiraos reflects on Powell’s tenure and unpacks his controversial decision to remain at the central bank. Jessica Mendoza hosts. Further Listening: - Who Is the New Fed Chair? - Why is the Fed Chair Facing a Criminal Investigation? Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Dr. Marty Makary has resigned as commissioner of the Food and Drug Administration. Makary faced criticism over the FDA’s rejections of rare-disease drugs, the agency’s handling of abortion pills and high-profile departures of key FDA staff. But WSJ’s Liz Essley Whyte reports that it was a battle over flavored vapes that sealed Makary’s fate. Jessica Mendoza hosts. Further Listening: - The Flu Shot Drama at the FDA - The FDA Boss on the Agency’s MAHA Makeover - How Puff Bar Became the Most Popular Vape for KidsSign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices