The Tech Making ‘Dark-Fleet’ Tankers Into Ticking Time Bombs
6/18/202614 min
P.M. Edition for June 18. WSJ senior video and national security reporter Shelby Holliday discusses the technology on the dilapidated ships carrying sanctioned oil that makes them a risk around the world. Plus, the Supreme Court rules that not all drug users can be banned from owning guns, expanding the reach of the Second Amendment. And CME, the U.S.’s leading futures exchange, sues the CFTC to stop prediction-market platform Kalshi from diving into the market for the trendy derivatives known as “perps.” Alex Ossola hosts.
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Transcript preview
First 90 secondsSpeaker 10:00
Look, when people start to gamify investing, right? So when you think about people being rewarded with balloons and fireworks for trading, which we know is the more you trade, the worse off you're gonna be in the long run.
Speaker 20:11
I'm Joe Davis.
Christine Kashkari0:11
And I'm Christine Kashkari, and this is season two of Better Vantage by Vanguard, an eight-part video podcast series hosted by Custom Content from WSJ and Vanguard.
Alex Ossola· Host0:21
[upbeat music] The Supreme Court says Congress can't ban drug users from owning guns. Plus, the technology that helps tankers move sanctioned oil around the world also makes them ticking time bombs.
Shelby Holliday0:35
These ships are massive oil tankers carrying millions of barrels of volatile crude oil, and so what scares authorities is that they could explode, or they could cause massive oil spills that would be a problem for the rest of the world.
Alex Ossola· Host0:49
And there's a new legal fight over perps, popular derivatives that trade 24/7 and never expire. It's Thursday, June 18. I'm Alex Osulef 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. We start today's show at NATO headquarters in Brussels, where Defense Secretary Pete Hegseth was turning up the pressure on European members of the alliance. The Trump administration has pushed Europeans to boost their military budgets, and they've agreed to spend 5% of their GDP on defense. Hegseth today threatened to cut how much the US gives to NATO if European countries don't meet their commitments.
Pete Hegseth· Soundbite1:29
Our