The Journal.

The Food and Drug Administration agreed to begin a review of biotech company Moderna’s application to make a new seasonal flu shot available. The decision comes after the FDA initially refused to review the company's application. It's a back and forth that reveals increased turmoil within the agency. WSJ’s Liz Essley Whyte takes us inside the FDA’s unexpected reversals and explores what’s next for the mRNA flu vaccine. Jessica Mendoza hosts. 

Further Listening:

- The FDA Commissioner on Vaccines and Public Trust

- Breakfast Battle: The Cereal Industry vs MAHA

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Prediction markets like Polymarket and Kalshi are booming, but they’re facing questions about users betting on information that is not publicly available, from Super Bowl performances to geopolitical crises. Advocates for the platforms say they are "truth machines" but critics say they’re a new vehicle for insider trading. WSJ’s Caitlin Ostroff explains how users are making fortunes, and why regulators are starting to take notice. Ryan Knutson hosts.

Further Listening:

- How ‘The Joker’ Rigged the Texas Lottery

- How Parlays Became the Biggest Bet in SportsSign up for WSJ’s free What’s News newsletter.

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Boy Throb is a new boy band going viral on social media, but member Darshan Magdum is stuck in India. To get him to the U.S., the band needs to convince the United States government that Darshan qualifies for an "extraordinary ability" visa, the type of thing that’s often reserved for Olympians and scientists. WSJ’s Michelle Hackman explains the visa process and Boy Throb tells Jessica Mendoza about their unconventional quest to get their fourth member stateside.

Further Listening:

- Are Waymos Driving More Like Humans?

- Lady Gaga, Low-Rise Jeans, and the Next Recession

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The Justice Department recently released millions of additional documents related to Jeffrey Epstein. These files detailed Epstein’s expansive social and business network and reveal how the disgraced financier maintained ties with the global elite. WSJ’s Khadeeja Safdar discusses the new revelations, the fallout for those named in the documents, and the impact of unredacted victim information. Jessica Mendoza hosts.

Further Listening: - Trump’s Letter to Jeffrey Epstein- How Jeffrey Epstein Made His MoneySign up for WSJ’s free What’s News newsletter.

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An influential California labor union is gathering signatures for a proposed asset tax on billionaires. But some of California’s ultra-wealthy are threatening to pack their bags — leaving the state’s tax revenue in the balance. WSJ’s Laura J. Nelson explains what’s potentially at stake and why a billionaire exodus is harder than simply renting a truck. Jessica Mendoza hosts.  

Further Listening:

- The Healthcare Costs of Trump’s Big Beautiful Bill 

- Kathy Hochul on Mamdani, Trump and Where Democrats Went Wrong

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