A delicious corporate rivalry is brewing! After an accounting fraud scandal nearly derailed its rise, Luckin Coffee has become the top-selling coffee chain in China. Now it’s expanding stateside, with two new locations in New York City. WSJ’s Hannah Miao explains why Luckin’s tech-forward business model made it a winner in China, and whether Starbucks can fend off the competition by returning to its coffee house roots. Annie Minoff hosts.
Further Listening:
Fraud Rocks China's Hottest Coffee Startup
The Inside Story of Starbucks's CEO Drama
The Underdog Coffee Bean That's Making a Comeback
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18:56
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18:56
How Volkswagen's Electric Bus Lost Its Charge
After decades, Volkswagen brought its iconic VW bus back to the U.S., this time as a fully electric vehicle. But after years of buzz, the new model is falling flat. WSJ’s Sean McLain explores the hype around the ID.Buzz and why it struggled to capture American hearts and dollars. Jessica Mendoza hosts.
Further Listening:
-Kia and Hyundai’s ‘Kia Boyz’ Problem
-Will Honda Be Nissan's Ride or Die?
-Tesla Has a Problem: Elon Musk
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21:25
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21:25
A Pharmaceutical Executive on Trump’s Tariff Strategy
Earlier this month, President Donald Trump announced the U.S. would impose up to a 200% tariff on imported pharmaceuticals, though he would give them up to a year and a half before fully implementing the tariffs. Trump’s goal is to bring more manufacturing to the United States, but one pharmaceutical CEO, Richard Saynor of Sandoz, says there is little incentive to build in the U.S. Jessica Mendoza hosts.
Further Listening:- Why Trump Pushed His Tariff Deadline
- Inside the Surprise U.S.-China Trade Deal
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Learn more about your ad choices. Visit megaphone.fm/adchoices
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17:59
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17:59
What Killed 'The Late Show'?
Last week, CBS cancelled “The Late Show with Stephen Colbert.” The network said that ending the show was “purely a financial decision.” Over the years, late-night audiences and profits have dwindled. But some fans have suggested the move was partly political: CBS pulled the plug just days after Colbert criticized Paramount, CBS’s parent company, for agreeing to settle a lawsuit with President Trump for $16 million. WSJ’s Joe Flint delves into the controversy and the economics of late-night TV. Annie Minoff hosts.
Further Listening:
-Will Paramount Settle With Trump?
-Why Buying Paramount Global Won't Be Easy
-’Love Is Blind' Is Back. Not All the Drama Is On-Screen.
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22:47
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22:47
Are Diamonds Even a Luxury Anymore?
Global diamond company De Beers spent decades convincing couples that true love required a diamond. But now, lab-grown diamonds that are identical to naturally-mined ones are flooding the market with cheaper options and reshaping the diamond business completely. WSJ’s Jenny Strasburg takes us inside the showdown in the diamond market, and we speak to a ring shopper weighing her options. Jessica Mendoza hosts.
Further Listening:-One American Company Taking on China's Rare-Earth Dominance-Can Pepsi Make a Comeback?-How Target Got Off TargetSign up for WSJ’s free What’s News newsletter.
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The most important stories about money, business and power. Hosted by Ryan Knutson and Jessica Mendoza. The Journal is a co-production of Spotify and The Wall Street Journal.
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