The Strait of Hormuz Is Open (Sort Of). So How’s It Going?
6/22/202616 min
P.M. Edition for June 22. Traffic through the Strait of Hormuz appears to have sped up this weekend, but what’s next? WSJ reporter Joe Wallace joins us to discuss what we should expect from the vital shipping route if the ceasefire holds. Plus, The National Highway Traffic Safety Administration has opened an investigation into Tesla after a fatal wreck near Houston, Texas. And remembering two titans: legendary music executive Clive Davis and former Fed chairman Alan Greenspan have died. We hear from WSJ chief economics correspondent Nick Timiraos about Greenspan’s legacy. Alex Ossola hosts.
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First 90 secondsSpeaker 10:00
The thing about AI for business, it may not automatically fit the way your business works. At IBM, we've seen this firsthand. But by embedding AI across HR, IT, and procurement processes, we've reduced costs by millions, slashed repetitive tasks, and freed thousands of hours for strategic work. Now we're helping companies get smarter by putting AI where it actually pays off, deep in the work that moves the business. Let's create smarter business, IBM.
Alex Ossola· Host0:29
[upbeat music] Keir Starmer's resignation continues an era of political turbulence in the UK. What does that mean for its economy? Plus, in an exclusive interview, Microsoft CEO Satya Nadella offers a blistering critique of how the AI race has played out.
Satya Nadella· Soundbite0:48
When college students are booing commencement speakers who utter the word AI, that's a tell on, hey, they're anxious.
Alex Ossola· Host0:55
And influential Fed Chairman Alan Greenspan has died at age 100. It's Monday, June 22nd. I'm Alex Osule for The Wall Street Journal. This is the PM edition of What's News, the top headlines and business stories that moved the world today. [upbeat music] The U.S.-Iran peace deal that was signed on Wednesday last week was meant to reopen the Strait of Hormuz. So how exactly is that going? I'm joined now by WSJ reporter Joe Wallace. Okay, Joe, let's start with, like, what's going on in the strait right now.